Auto-renewal subscription programs are a great way for e-commerce businesses to build a constant revenue stream. And they benefit both the company and the consumer. Companies can sell their product or service consistently over a period of time, while the customer doesn’t have to be hassled with repurchasing the product or service every month or year. My daughter has a guinea pig, and we have set our Amazon account to send us her preferred guinea pig food each month, for which we get automatically charged the same amount each month. Little Trevor will never starve! Similarly, we subscribe to Netflix, and we pay a fee that is automatically charged to our credit card each month. Many subscription programs offer new customers the ability to try a service for free for a trial period. To take advantage of the free trial offer, customers have to provide a credit card that will be automatically charged at the end of the trial if the customer does not cancel in time. Click Read More below for additional information.
American Forest & Paper Association (AF&PA) President and CEO Donna Harman issued the following statement regarding the Internal Revenue Service (IRS) denying paper-based information and services.
“The number of people who experienced identity theft while filing their taxes in 2016 is approximately the population of Anaheim, California or Tampa, Florida. With news of data hacks and security breaches breaking regularly, government officials have increasingly turned to paper-based documents for added protection.
“Citizens will be complying with new tax rules this year. Unfortunately, the IRS no longer makes printed instructions available unless ordered for payment. Readily available, printed instructions will be needed more than ever before as people prepare their tax returns given these changes.
“Despite security concerns or the simple fact that many Americans don’t have access broadband at home, the IRS continues down its short-sighted path of forcing digital-only communication. Digital-only policies discriminate against millions of Americans, many of whom are in rural communities and/or low income households. Citizens should have a choice in how they receive important information and the option to file tax forms in the manner they most trust.”
BACKGROUND: The IRS no longer mails tax forms to U.S. taxpayers, discontinued sending the Tax Instruction Guide for individuals (Publication 17) through the mail, and stopped equipping libraries or post offices with the booklet for distribution. The only place to find the instructions on paper is through Government Printing Office, where a hard copy version can be ordered for $10.