http://video.yahoo.c...913052/13085644
In tough economic times, it's good to see that some Youtube posts that can poke fun at our misfortunes. The above tongue-in-check news reporting is good for a laugh. Unfortunately, it is true.
I know of several high volume, personal tax return preparers, including respected CPA firms, who outsource tax return preparation to accountants in India. The Indians are very knowledgeable on US tax law and produce excellent work. A US CPA can scan a client's documents, e-mail them to India, and receive a completed return the next morning. There's no midnight oil for the US accountant, great earnings for his Asian "back office", and fast service for the client. It's a win-win-win for all involved and, as long as there is a shortage of qualified accountants in the US, no one is hurt.