4 ms·
Sorry to pop your bubble, but... I live in Denmark, and all of the above use cases are automatically calculated by our tax auth.. My most complex tax-filing w
by svennek 8y ago
Sorry to pop your bubble, but...
I live in Denmark, and all of the above use cases are automatically calculated by our tax auth..
My most complex tax-filing was:
- Full-time job
- Extra "non-job" salary (board membership)
- Investment income from two different providers
- Expenses for multiple bank loans and mortage, and external credit card companies
- Three different companies (LLCs) that I own
All of that info send to the IRS (by law) from all provider.
My time for tax-filing 10 minutes to look it through (and do nothing as it was correct).
This year I had 1 change to the taxes. The interest from a small collective loan for our home-owners association was not automatically filed, and I had to enter that by hand... Took 5 minutes..
Small note, my three companies also had my time spent doing tax stuff, but that is by law required of the LLCs and the companies have a (shared) accoutant doing that..
Other note. Even royalties (for books, music etc) are correctly calculated by the danish IRS due to the requirements of posting from the companies doing payouts..
tl;dr: The requirements of the payer and all financial institutes to file to the IRS is extremely effective...