3 ms·
True, but there is a big difference - the 1040EZ is certainly easier to fill out, but the current convoluted tax laws mean that you could be leaving a substanti
by randombit 16y ago
True, but there is a big difference - the 1040EZ is certainly easier to fill out, but the current convoluted tax laws mean that you could be leaving a substantial amount of money with the government unnecessarily. When I was first starting out I used the 1040EZ because I was scared of the complex forms - and later when I started itemizing I realized I had been overcharged easily a $1000 a year in taxes that I didn't need to owe had I simply filed my taxes differently (albeit using rather more complex forms).
It would be a very different story if the form suggested above was _the_ form, with zero loopholes available to people with expensive tax attorneys.