GAO TO IRS: FORGET SOFTWARE DEVELOPMENTThe Government Accountability Office said that the Internal Revenue Service doesn't appear to be in a position to develop its own software for tax preparation anytime soon.

Because increased electronic filing would reduce processing costs, reduce transcription errors and speed up refund turnaround, the GAO was looking to examine the benefits and costs of the agency creating its own online tax prep offering. The GAO looked at a number of systems already offered by states and in other countries that allow taxpayers to prepare and file tax returns on Web sites at no charge.

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