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Considering the IRS doesn't even have access to things like cost-basis for capital gains, no way I'd trust them to complete it correctly. They'll likely just a
by refurb 4y ago
Considering the IRS doesn't even have access to things like cost-basis for capital gains, no way I'd trust them to complete it correctly. They'll likely just assume best case scenario for them (and worst for you).
- Rury 4y agoThat hasn't been the case for me. I end up owing come tax time every year, and yet every time, after having paid what is owed, months later they give me a small refund anyways. Now I know where I can save money on my taxes, and I've done it before, but it's the savings are so small that it's not even worth the time doing. Yet, it's about what they give me in the refund. Why didn't they just keep it, especially given it's such a small amount?
- refurb 4y agoHow do you know the IRS is calculating it right?
- Rury 4y agoIt doesn't matter, as it's not evidence for them choosing the "best case scenario" for themselves. The best case would of been them just keeping an overpayment, and never refunding me anything. And besides, I have double checked the calculations before, and it's basically what they gave me (minus rounding cents to nearest dollar in each calculation).