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> Did you make a contribution to a tax deductible IRA? Did you make a retroactive payment to that account in the following tax calendar year? For these specifi
by floatingatoll 7y ago
> Did you make a contribution to a tax deductible IRA? Did you make a retroactive payment to that account in the following tax calendar year?
For these specific two examples, the IRS need only introduce monthly reporting requirements for all tax-affecting investments, at which point they once again have sufficient data to do your taxes for you. They already have your SSN, so there’s no excuse not to have integrated reporting.
What tax-affecting data does the IRS need to be collecting that they are not, in order to prepare viable estimates taxes for 90% of citizens?
- lazyasciiart 7y agoWho your dependants are and what type of filing you are doing (single, married, married jointly)
- floatingatoll 7y ago“If your tax situation has changed in any of the following ways, please check the appropriate box(es) and mail this back to us or submit online; we’ll issue a revised estimate within 30 days and extend your review deadline accordingly.”
- vehementi 7y agoNah, there's no way to get around that entry level criticism, abandon the plan
- floatingatoll 7y agoIf you can cover 90% of citizens with an estimate and a list of predictable circumstance checkboxes that can be phoned in for a new estimate, would that be sufficient to make it viable? (Or, if you’re being sarcastic, please indicate so more clearly.)
- lazyasciiart 7y agoI didn't say ThIS IS IMPoSsIBELE ABAdnON ShiP. Try reading my comment as a response to the specific question that the parent ended with.
- floatingatoll 7y agoAgreed, your response was totally cool and I'm sad to see people downvoting it. I honestly didn't think of children as a tax-impacting event, so I was glad it came up.
- ClumsyPilot 7y agoYou are right, we can simulate evolution of galaxies but automating accounting is just beyond our ability as a species