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It’s not an honesty test, it’s a result of how the US income tax system evolved. Originally the IRS had far less data and everyone filed paper returns. For exam
by rsti0000 1y ago
It’s not an honesty test, it’s a result of how the US income tax system evolved. Originally the IRS had far less data and everyone filed paper returns. For example, it was only in 2008 that Congress required brokers to track and report cost basis on 1099s to cut down on people overstating their basis to decrease their cap gains.
Under Biden, the IRS tried to make w2s and 1099s available. If you log into the IRS website with your information, you can download the w2s and 1099s the Service has in your name.
Antitax activists have fought these steps every step of the way because the less annoying tax filing is, the less people will buy their antitax arguments.
The IRS isn’t captured by these predatory tax preparers, Congress is. The IRS can’t do a lot on data without Congress specifically authorizing it. And the Republican Party is in bed with the antitax activists who are in bed with the tax preparation companies.
- sokoloff 1y agoTax account transcripts have been available long before Biden was president. Use Form 4506-T to request them.
- rsti0000 1y agoTranscripts are for previous returns. I was saying you can grab the w2 and many of the 1099s the IRS received for you this tax year before you file your return by logging into the IRS website.