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>I'd rather not give them any more visibility than I have to into my personal finances. They already kinda have all the visibility they want. Remember the who
by NickC25 3y ago
>I'd rather not give them any more visibility than I have to into my personal finances.
They already kinda have all the visibility they want. Remember the whole joke about the IRS - "we know exactly how much you owe, but we're not going to tell you that amount because you have to figure it out yourself, and if your number doesn't match ours, you could go to jail for tax fraud".
If you use anything but cash for everything, the IRS knows. Credit cards? Employment info such as salary? Rent, mortgages, loans? They know everything already.
I'd rather trust them than a private company that has to lobby against tax reform to keep their stock price high.
- consp 3y agoSounds like my tax form last year (non us). Everything filed in, nothing wrong, just check the numbers, change one small number since it couldn't have known and it's all ok. Digitally sign it and off you go.
- jcadam 3y agoThe ultimate answer here is to make tax preparation services unnecessary for the vast majority of folks by simplifying the tax code. My first one or two tax filings were on a 1040EZ back when I was a single college student working a single part time job and didn't own any investments or real estate :) Didn't need any preparation services for that. But now I'm in my 40s and filing taxes is a nightmare.
- jjeaff 3y agoThe IRS does not really know much of that at all unless you receive money through a source that files a 1099 or 1099k. They can certainly find out a lot of stuff through an audit. But they don't know that someone wrote you a check for $30k to pay you for your side gig unless the payor files a 1099 for the payment.