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>All people are asking for is that the IRS fill out your 1040 for you as one option for paying taxes. No loopholes, grey areas, or enforcement changes Then how
by PopAlongKid 4y ago
>All people are asking for is that the IRS fill out your 1040 for you as one option for paying taxes. No loopholes, grey areas, or enforcement changes
Then how do you solve this scenario? Suppose my tax liability according to tax law in all its complexity is $1,000. However because it can't know everything, the IRS sends me an "optional" tax return with $800 liability, no questions asked, just sign here. What is to stop me from cheating in this case? It is only the risk of being audited that keeps most people somewhat honest under the current system.
- pfranz 4y agoSo many countries already have it figured out. My understanding is by law income already needs to be reported to the IRS (from your employer or by you). I would imagine that's all you'd be legally signing off on. That's all I remember confirming when living abroad. If your income is accounted for correctly is there a scenario that would increase your tax liability assuming you already qualify for a standard deduction?