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> I collect all the documents that the government and I both have Our tax system is terrible and convoluted, but this statement is not actually correct. In ma
by vonmoltke 7y ago
> I collect all the documents that the government and I both have
Our tax system is terrible and convoluted, but this statement is not actually correct. In may cases you get copies of tax forms from businesses before the IRS has processed the business return, possibly before the business return has even been submitted. Business and personal returns are processed in parallel and cannot be reconciled against each other until they have all been done. That's why audits almost always have at least one tax year of lag, because that's how long it takes to get through everything. Filing extensions make the process even worse.
- astrea 7y agoAh okay. I just assumed that the fact that my paycheck itemizes the tax withholdings that they were already receiving or at least aware of my taxes to date.