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Only if working with individuals. If I, as a consultant, work with a company, that company requires a W9 from me, and they have to report what they paid me. And
by m0zg 7y ago
Only if working with individuals. If I, as a consultant, work with a company, that company requires a W9 from me, and they have to report what they paid me. And I also report what I paid myself in salary and pay federal taxes from every paycheck I make out to myself. So at least for me, they know everything there is to know.
- PaulDavisThe1st 7y agoI sell stuff (software, so not really stuff). I certainly file my quarterly estimated taxes (state and federal), but until I file my annual return, the government has no idea how much I've actually earned, nor what my expenses were. Consequently, they're in no position to tell me what I owe them until I've filed my entire return. Perhaps what the commenter meant was "we should fill out forms detailing income + expenses (where applicable) and the government should compute our taxes for us". I'm mostly good with that idea.
- m0zg 7y agoYes, this won't be 100%. But I'd say easily 99% of people could get all this tax bullshit automated away and they wouldn't have to pay Intuit a single penny.