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In México if you are an average employee earning less than around $50000 usd (I.e. most workers), your employer can "do" your taxes (very simple, they report wh
by xtracto 5y ago
In México if you are an average employee earning less than around $50000 usd (I.e. most workers), your employer can "do" your taxes (very simple, they report what they have withheld from you).
If you have some amounts you want to regain from losses, etc., you can still do your taxes manually.
That means logging into the free MEX IRS platform, which shows all your tax info preffilled. Most likely the stuff you want to input is already there (all invoices in mexico are signed by private/public keys through the IRS system).
So you just enter your bank account to get your money back. Or get your reference to pay your taxes.
The system is really beautiful.
- LinuxBender 5y agoWhat would be required for the US to adopt this solution?
- lupire 5y agoCongress passes a law to amend the Free File program. https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free https://www.irs.gov/filing/free-file-do-your-federal-taxes-f...
- LinuxBender 5y agoDoes this system pre-populate the forms with everything the IRS already knows about me and then I just modify the things that are incorrect? Can people upload their tax documents from all the financial institutions in some standard format that automatically figures out what form to use and populates maybe 95% of the fields and marks the empty required fields with yellow? I ask because I have an id.me/IRS login and they do not appear to have this data until I give it to them. This is the system I am looking for. I think it would make the lives of the IRS employees better and would save me time and money.
- quickthrower2 5y agoUK has PAYG tax, Australia is similar, if you have a job, perhaps some shares it is zero work. No max salary to worry about.