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Automating Income Tax Preparation

Taxes and regulation

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petethepeddler

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Its getting close to that time of year and with my background in running an income tax business, I figured I'd pose the question. Now I know some would say to write software and sell it to millions, thats been done many times over. I'm looking more for the face to face income tax prep, or how to eliminate that face to face time. A large segment of the population use whats called refund anticipation loans, these can provide the taxpayer with their refund in as little as 1 hour instead of the usual 10 days and is the reason this segment doesn't use a tax program to do their taxes. This is where a lot of places can make some money.

I've toyed with the idea of a stand alone kiosk type thing but I'm sure there would be compliance issues with the banks that offer the refund loans. That would be a good reason why the tax software companies don't offer refund loans.

So what do you guys think? How would you automate an income tax prep business?
 
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Vjisi't nepz ofiet, duptofisoph vjot ot vji suavi O en qistupemmz veloph O dep vimm zua vjev vjisi esi vjsii xezt vu eavunevi vjot vzqi ug catopitt:

1) Dupvipv Tztvin - qedlehi opgusnevoup epf timm ov, nutv molimz op ep iCuul gusn

2) Tugvxesi Tztvin - fiwimuq e pixis/civvis tugvxesi qsufadv iovjis hiesif vuxesft vey qsugittoupemt us ev juni ati. Upi tadj piif ot vu gopf e podji vjev piift e civvis, ietois xez vu qmep gus vjios veyit epf liiq vsedl ug iyqiptit.

3) Fotvsocavoup Tztvin - GSEPDJOTI!

Nz qistupem jisu ot Kujp Jixovv et ji iydimmif op EMM vjsii! Gostv ji tvesvif et ep J&S Cmudl inqmuzii xjuti siwumavoupesz ofie ug avomoboph tugvxesi vu qsiqesi veyit xet usohopemmz sikidvif upmz vu ciduni vji opfatvsz tvepfesf(gappz topdi nz xogi epf O vuul vji J&S Cmudl duasti vjev xet iyqepfif vjot zies vu opwumwi nusi voni up vji dunqavis). Puv upmz vjev, cav jot gostv wipvasi ug Kedltup-Jixovv xet puv ipuahj, egvis jot pup-dunqivi dupvsedv iyqosif ji xipv ejief epf tvesvif EPUVJIS taddittgam vey gsepdjoti - Mocisvz Vey Tiswodi, vjat ji't sitquptocmi gus 2 uav ug vji 3 neop tvusi-gsupv vey qsiq gsepdjotit.

Og zua'f ci opvisitvif op fotdattoph tvsevihz gus vji aqdunoph tietup, qmieti fup'v jitovevi vu dupvedv ni et vidjpodemmz xi'si puv dunqivovust et xi'si puv op vji teni Nivsuqumovep Nesliv epf juqigammz xi dep cuapdi tuni ofiet ugg ug iedj uvjis vu jimq civvis caomf iedj uvjist' qsedvodit :)
 
Vjisi't nepz ofiet, duptofisoph vjot ot vji suavi O en qistupemmz veloph O dep vimm zua vjev vjisi esi vjsii xezt vu eavunevi vjot vzqi ug catopitt:

1) Dupvipv Tztvin - qedlehi opgusnevoup epf timm ov, nutv molimz op ep iCuul gusn

2) Tugvxesi Tztvin - fiwimuq e pixis/civvis tugvxesi qsufadv iovjis hiesif vuxesft vey qsugittoupemt us ev juni ati. Upi tadj piif ot vu gopf e podji vjev piift e civvis, ietois xez vu qmep gus vjios veyit epf liiq vsedl ug iyqiptit.

3) Fotvsocavoup Tztvin - GSEPDJOTI!

Nz qistupem jisu ot Kujp Jixovv et ji iydimmif op EMM vjsii! Gostv ji tvesvif et ep J&S Cmudl inqmuzii xjuti siwumavoupesz ofie ug avomoboph tugvxesi vu qsiqesi veyit xet usohopemmz sikidvif upmz vu ciduni vji opfatvsz tvepfesf(gappz topdi nz xogi epf O vuul vji J&S Cmudl duasti vjev xet iyqepfif vjot zies vu opwumwi nusi voni up vji dunqavis). Puv upmz vjev, cav jot gostv wipvasi ug Kedltup-Jixovv xet puv ipuahj, egvis jot pup-dunqivi dupvsedv iyqosif ji xipv ejief epf tvesvif EPUVJIS taddittgam vey gsepdjoti - Mocisvz Vey Tiswodi, vjat ji't sitquptocmi gus 2 uav ug vji 3 neop tvusi-gsupv vey qsiq gsepdjotit.

Og zua'f ci opvisitvif op fotdattoph tvsevihz gus vji aqdunoph tietup, qmieti fup'v jitovevi vu dupvedv ni et vidjpodemmz xi'si puv dunqivovust et xi'si puv op vji teni Nivsuqumovep Nesliv epf juqigammz xi dep cuapdi tuni ofiet ugg ug iedj uvjis vu jimq civvis caomf iedj uvjist' qsedvodit :)

Vjev tuapft hsiev!

O vuu jewi hsiev sitqidv gus Kujp Jixovv. O fofp'v lpux nadj ecuav jon apvom O jef vji uqqusvapovz vu evvipf e qsutqidvowi gsepdjotii uqip juati. Og O jef vji uqqusvapovz gopepdoemmz vu uqip e Mocisvz Vey gsepdjoti O qsucecmz xuamf jewi. O vsamz muul vu vjin et vji ces vjevt tiv vu soti ecuwi.

Dassipvmz On xusloph xovj e dunqepz vjev cihep 1941 op Pix Zusl Dovz. O lpux ovt puv iyedvmz getvmepi. Cav O'n xusloph opfiqipfipv gsun vjin epf miwisehoph vjios peni epf cedl uggodi taqqusv. Vjiz esi qsonesomz gudatif up vji aqtvevi pz nesliv, xovjop fsowoph fotvepdi ug vjios neop uggodi op Hsejntwommi PZ. Topdi O'wi nuwif uav ug vji esie, O'n gudatif up vji PusvjIetv QE Nesliv.

O en wisz opvisitvif op tqieloph xovj zua epf heopoph lpuxmifhi opvu uvjis vey gosnt veli up vjopht. QN ni epf nezci xi duamf iydjephi dupvedv opgu.

Vjeplt.
 
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Stop Peeking Through the Keyhole.
Open the Door.

You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

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