3 ms·

Wonder what the minimum information you could put in, and how accurate it'd have to be, to get that response. It'd be cool if you could lifehack your way into g

Wonder what the minimum information you could put in, and how accurate it'd have to be, to get that response. It'd be cool if you could lifehack your way into getting the IRS to do your taxes just by sending something obviously wrong that they'd autocorrect into the final product! Then we'd be roughly on parity with more sane countries that just send you a tax bill.

thebradbain 4y ago
Ah, the classic game of “Does this mistake get me free tax preparation or jail time”
davchana 4y ago
Well, one way to answer the minimum is, one has to report every 0.49 dollars of income, even if the bank who paid did not report it to IRS. Agree, most countries (including India) simply opens their portals, you sign in, check all numbers, report anything missing like income or deduction, and press the final Enter.
roflyear 4y ago
IRS is very understanding, but I wouldn't suggest this. I have gotten plenty of letters from the IRS and they are always stressful. The IRS has always responded in a really positive way, so it is really worth talking to them (well, unless you think you may be in real legal trouble... I guess "don't talk to the cops" applies here too...) if you're in the situation where you think "oh, yeah I messed up" or "oh, yeah they messed up" it's probably best to just reply... but yeah if you think it is serious talk to a tax attorney... (not an accountant, which isn't a tax attorney). The "they messed up" for me was a crypto thing, where I actually took a small net loss, and didn't file (because you don't need to, for capital losses, from my understanding, though I guess you should) and they thought I took some insane gain b/c of the $ value of the trades. I just mailed them the trades, said "I didn't submit the form for this b/c I didn't think I needed to for a loss" and they said "yay, thanks, see ya" a bit later. Positive experience.

thebradbain 4y ago

Ah, the classic game of “Does this mistake get me free tax preparation or jail time”

davchana 4y ago

Well, one way to answer the minimum is, one has to report every 0.49 dollars of income, even if the bank who paid did not report it to IRS. Agree, most countries (including India) simply opens their portals, you sign in, check all numbers, report anything missing like income or deduction, and press the final Enter.

roflyear 4y ago

IRS is very understanding, but I wouldn't suggest this. I have gotten plenty of letters from the IRS and they are always stressful. The IRS has always responded in a really positive way, so it is really worth talking to them (well, unless you think you may be in real legal trouble... I guess "don't talk to the cops" applies here too...) if you're in the situation where you think "oh, yeah I messed up" or "oh, yeah they messed up" it's probably best to just reply... but yeah if you think it is serious talk to a tax attorney... (not an accountant, which isn't a tax attorney). The "they messed up" for me was a crypto thing, where I actually took a small net loss, and didn't file (because you don't need to, for capital losses, from my understanding, though I guess you should) and they thought I took some insane gain b/c of the $ value of the trades. I just mailed them the trades, said "I didn't submit the form for this b/c I didn't think I needed to for a loss" and they said "yay, thanks, see ya" a bit later. Positive experience.