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If those represent major complexities maybe there can be open source tax software that serves 80% of people, I.e. people in coastal cities that have one job, an
by reidjs 5y ago
If those represent major complexities maybe there can be open source tax software that serves 80% of people, I.e. people in coastal cities that have one job, and then the remaining 20% have to pay for their software?
- ghaff 5y agoSo sure. You can write software that can handle a simple Federal-only case. (Basically what used to be a 1040-EZ: W-2(s), a couple 1099s with all the cost basis info existing, standard deductions, etc.) But, at that point, your taxes are pretty simple to fill out anyway and I'm guessing there are even spreadsheet templates out there that let you type in some numbers and everything is calculated.
- PaulDavisThe1st 5y agoMy experience of state taxes over 32 years (WA, PA and NM) has been that filing these returns is easy-peasy compared to my federal return (I'm self-employed). I'd be happy to have a full federal filing system even if it left me to do my state taxes "by hand".
- seanmcdirmid 5y ago> My experience of state taxes over 32 years (WA, PA and NM) One of those states (WA) doesn’t belong in the list of states that require personal income tax returns, unless you mean something else?
- PaulDavisThe1st 5y agoIt's been 24 years since I was in WA :) I forgot they had no income tax. Sorry.
- javagram 5y agoMoreover, the simple cases are also supported by the IRS free fillable forms product. https://www.freefilefillableforms.com/ https://www.freefilefillableforms.com/
- ghaff 5y agoNote that this isn't "the IRS." It's an IRS public-private partnership that people below some income threshold can use for free.
- javagram 5y agoNo, it’s usable by any income level. You’re thinking of Free File, which lets lower income users use TurboTax and other products for free. https://www.irs.gov/e-file-providers/free-file-fillable-forms https://www.irs.gov/e-file-providers/free-file-fillable-form... > Free File Fillable Forms is the only IRS Free File option available for taxpayers whose income (AGI) is greater than $72,000. Taxpayers whose income is $72,000 or less qualify for IRS Free File partner offers, which can guide you through the preparation and filing of your tax return, and may include state tax filing.
- ghaff 5y agoYes. I misread. Though it's understandable how one could confuse Free File Fillable Forms eith IRS Free File partner offers. As a comment upthread said. It's presumably legit because it's linked to from the IRS site but almost everything else sets off alarms.
- pradn 5y agoThe IRS could not come up with a website and TLD that sounds more like a scam if they tried. :)
- javagram 5y agoYes, although you can get to it directly from the irs.gov site it does seem confusing at first that it’s on a .com https://www.irs.gov/e-file-providers/free-file-fillable-forms https://www.irs.gov/e-file-providers/free-file-fillable-form...
- hallway_monitor 5y agoThere certainly can be if you want to develop and maintain it.