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I received an email yesterday telling me that I am "one of the more forward-thinking people regarding the online collaboration of tax issues." I was excited until I noticed that Stuart Levine of Tax & Business Law Commentary got the same email.
The e-mail announced that Intuit is developing a tax "wiki" at www.taxalmanac.org. A wiki is a collaborative online encyclopedia where volunteers contribute and edit articles; the "Wikipedia" is the prototype for these things.
We accepted the invitation and visited it. It looks a bit rough. It could be a very cool tool, but it reminds me of some study groups we were in as college freshmen. One person might study the coursework; the other group members would then pump that person for information, in lieu of actually reading the material.
The Wiki will work if the ratio of study-ers to pumpers is high enough to not discourage the study-ers. It will be interesting to watch.
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Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not necessarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to