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That creates a one way correction relationship. You will always let them know if you owe them less but never if you owe them more.
by skellera 9y ago
That creates a one way correction relationship. You will always let them know if you owe them less but never if you owe them more.
- ceejayoz 9y agoI'd imagine there'd be a "do you have unreported income or other unusual situations to disclose" step that'd open you to prosecution if you deliberately omitted stuff. It's not like they wouldn't do audits any more.
- Legogris 9y agoWhat OP is saying is that it's in the government's to keep things as they are, since if you overestimate your taxes by e.g. missing out on deductions, they won't have to make a correction on that.
- Analemma_ 9y ago[citation needed]. The IRS has asked repeatedly to introduce return-free filing, only to be blocked by Congress after their paymasters at Intuit and H&R Block voiced discontent with the possibility of their revenue stream being shut off.