From what I understand, that's mostly true. However, describing it as a simple 'tax return' is probably understating the complexity. Like someone else pointed o

From what I understand, that's mostly true. However, describing it as a simple 'tax return' is probably understating the complexity. Like someone else pointed out further down in the thread, a small business owner "is in for a world of pain, stress and audit". Likewise, income from investments can be massively annoying to file for correctly.