This column is not about preparing tax returns for U.S. citizens living abroad or foreigners residing in the U.S. Rather, it is about accounting firms that are outsourcing the preparation of individual tax returns to India.
Last tax season only an handful of firms outsourced their 1040s to India in earnest, although a slightly larger group of firms each sent out a few returns, just to see how the process worked. Indications are that this year will be different with some firms sending out hundreds of returns for preparation in India. The appeal is the anticipated lower cost per return combined with a decrease in the firm's staffing demands.
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