The Internal Revenue Service has launched a crowdsourcing competition that seeks to develop novel ways to present tax information to taxpayers in an effort to help them understand theÂ data as well asÂ their tax responsibilities.
IRS said Tuesday in a Federal Register notice the Tax Design Challenge also aims to enhance the visual layout of tax information and help taxpayers manage their personal finances through the use of such data.
A review panel will pickÂ the winning designs based on overall appeal, taxpayer usefulness, financial capability, information density, accessibility and visual hierarchy.
IRS and the Mortgage Bankers Association will confer cash prizes to recipients of Overall Design, Best Taxpayer Usefulness and Best Financial Capability awards.
Electronic submissions for the challenge will be accepted from April 17 through May 10, according to the notice.