For the longest time, the IRS has engaged in class warfare by forbidding those who make above $50,000/year from doing free e-filing. But that's about to change this coming tax season.

Some tax prepares have already jumped all over the coming change. TaxCut will provide free federal e-filing for all returns, all income levels. Clark hopes this will prompt their main competitor, TurboTax, to do the same. Currently, America has one of the lowest rates of e-filing among developed countries.

This new move should save the IRS a fortune. Previously, they had to have employees enter complicated tax returns for the super-rich by hand!

Clark loves found money. When he and his associate producer Joel went to lunch today, they used a BOGO coupon for Whataburger that someone at KRLD gave them.

Right now, far too many Americans have left found money on the table when it comes to the federal government's economic stimulus payment. USA Today reports that 5 million veterans and retirees of all stripes have failed to do the simple paperwork required to get the $300. This is low-hanging fruit that they should pick.

Be sure to help out your elderly relatives if they haven't filed yet to get the payment. Even if they don't normally file taxes, this year they've got to do so. They just need to show that they owe no money, and then they'll get in the system and trigger a disbursement. It's not too late.

Don't panic if you're among those still waiting for your check in the mail. The IRS says to hold tight for a little bit longer.

Clark has been on a slow burn about the IRS eliminating free tax prep and filing for those who make more than an adjusted gross income of $54K. Clark just doesn't get the class warfare angle. Why is it that the more money you make, the more you have to spend at a tax preparer -- just to give the money back to the government? There is one outfit out there still offering free federal tax preparation regardless of income -- TaxACT.com. There are additional charges for your state return. Please note that Clark has never used TaxACT.com and has no idea about their quality. He just loves that they're doing it for free.

Clark recently spoke about the IRS free filing option and confused a lot of people in the process. He hopes to clear things up right now. First off, know that Clark prefers that you e-file because you're less prone to make errors thanks to software improvements. E-filing is free for those who make less than $54K/year, which is the majority of people. Note that the $54K cutoff pertains to adjusted gross income, so you may still qualify if you make in the $60K range.

IRS.gov offers a list of about 20 companies that will prepare your taxes and e-file them for free. You can even try your return with more than one company -- just be sure you don't file more than once! If you are not Internet savvy, free income tax prep is also offered offline by the AARP and the IRS. The latter's volunteer income tax assistance program can be reached at 1-800-906-9887.

Early in the primary season, a lot of GOP candidates were talking about changes to the tax code that would simplify things a lot. Clark hopes the candidate who makes it into office -- be it a Republican or a Democrat -- will put this idea to work. Remember the IRS is just the messenger; it's Congress that is the real culprit for our complex and confusing tax system.

Clark wants to update you on your friends at the IRS. There's some good news that pertains to the earned income tax credit which allows people who don't owe any federal tax to get a credit when they file. 20 million people are eligible for the EITC, but only around 5 million take advantage of it. You usually have to have kids to qualify for EITC, and your income can be up to about $40K. But if you don't have kids and you made an exceedingly low income, you may still be eligible. The EITC will give you up to $4,700 back in your pocket. You may also want to check IRS.gov to see if you meet the income requirements for free filing.

On the flip side, there's bad news for rich folks. The wealthy are being audited at near-record levels. Those who earn $100K are more likely to be audited than those who don't, while those who earn $200K are twice as likely to be audited compared to those who earn $100K. If you make $1 million or more, you have about a 10 percent chance of being audited. While that may not sound like a lot, the cost to comply with a field audit is in the tens of thousands -- even if you're completely innocent.

As listeners know, Clark steers away from political talk on his show. But columnist Jonah Goldberg recently wrote an op-ed piece about government spending that really interested Clark. Goldberg analyzed how spending grew in the 25 years following Reagan's 1981 inauguration. During that time the U.S. population grew around 30 percent, yet government spending rose almost 90 percent after adjustments for inflation. The reason behind the surge in government spending growth is pretty simple really. Human nature dictates that there's a natural tendency to want a "free lunch" from the government. That's an inclination that goes beyond whether you live in a red or a blue state. We as a nation need to decide what we're about; so far we've been about wanting it all. We have become some of the highest taxers in the world, Clark says, and that's irrespective of party affiliation. So there's a question we must ask ourselves: Do we want to grow our economy and have more in the long run, or do we want to curtail growth in order to have more money to redistribute to people? Colorado has been particularly effective in controlling the growth of government spending with their Taxpayer's Bill of Rights, which limits spending to the growth in population plus inflation. There's a difficult balance to be struck here. Clark thinks we may be tying one hand behind our backs with our spending, and we're growing weaker and weaker compared to other capitalist economies.

The General Accounting Office recently conducted a study and found that tax preparation firms make tons of makes on our income tax returns. Who's really at fault? Hear Clark's view.