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You might have other information they don't have. Example: private transactions that resulted in a capital loss and would offset that gain.
by icedchai 1y ago
You might have other information they don't have. Example: private transactions that resulted in a capital loss and would offset that gain.
- tombert 1y agoSure, hence why I would be perfectly happy for them have a system where I can amend stuff. I'm just saying that the default should be to "send me letter in mail, I verify it looks fine, I sign it and send it back". The entire process for most people could be like ten minutes.
- tekla 1y agoIt IS 10 mins for most people.
- yencabulator 1y agohttps://www.freshbooks.com/hub/taxes/duration-to-file-taxes https://www.freshbooks.com/hub/taxes/duration-to-file-taxes > It takes an average American taxpayer 11-13 hours to prepare their taxes, according to the IRS.
- tombert 1y agoIt took me two hours this year, and my taxes are generally pretty simple. I had exactly one W2 job last year, I have a mortgage, my wife does school, I sold some stock, I had some T-Bills, and I declared my wife's education. I'm not doing anything clever to try and lower my tax burden, it's an extremely straightforward "run it through tax software" process, and it still took me two hours.