Americans Just Spent 225 Million Hours on Tax Preparation – Is That Really Necessary? by KCRW published on 2013/05/17 20:45:30 +0000 The IRS already collects most of the information from employers and banks that you’ve just used to fill out your income-tax form. Why couldn’t it send you a pre-filled return, let you make needed changes and send it back in? President Obama’s former economic advisor, Austin Goolsbee, says “return-free filing” of income taxes could save a collected 2-billion dollars and 225 million hours of time filling out income tax forms. Will it ever happen? Not likely, according to Liz Day, director of research at ProPublica.