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What about expenses for those that are self employed? What about rental income? What about expenses related to rental properties? Lots of things the governme
by altdataseller 2y ago
What about expenses for those that are self employed?
What about rental income?
What about expenses related to rental properties?
Lots of things the government doesn’t know…
- alistairSH 2y agoNone of which apply to the vast majority of filers. Nobody is saying filing taxes should never be necessary. Only that it shouldn’t be necessary for most people. The flow should be… Employer and financial institutions send info to IRS (they mostly do already). Then, in January, IRS sends a “Is this correct?” notice to residents. If correct, no action is needed. If not correct, then make adjustments.
- nilamo 2y ago100% agree. These conversations always seem to end with lots of "what about"s, as if being easy for the average case was somehow undesirable.
- dh2022 2y agoHow would the residents verify the amount on the notice is correct? It sounds like the residents would have to do their taxes to verify the amount on the notice....
- bobthepanda 2y agoIt switches the labor from manual input of every line to cross referencing, which is significantly less work
- superb_dev 2y agoThey don’t just send the amount, they would also send their work
- bobthepanda 2y agofree-file is entirely voluntary. You can still submit the forms yourself if you want. free-file is estimated to cover 47% of Americans. we fund public schools even though a significantly smaller proportion of Americans are children. you would have a hard time finding any government service that applies to 100% of people
- troupo 2y agoThis is solved by: - IRS pre-fills all it knows about you - you log into to IRS web site to check if everything is correct, and provide additional data or correct invalid data - submit Oh look. By implementing this you may join Sweden and a bunch of other countries in the 21st century.
- altdataseller 2y agoGotcha. I was under the impression that what the government showed you was 100% final