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I may be too European to understand this
In some countries, rather than sending you a bill, the government calculates what you owe and then refuses to tell you. You are then responsible for working out the same solution they did and then paying them (note that both steps are hard, and the government may refuse payment without explanation).
If you successfully pay them and the payment was too low, they may come after you, typically with fines, but if you fucked up badly enough, potentially even jail time. Same thing if you did not succeed in paying them at all, because that will count as failure to file even though it’s their fault.
If you overpay, the government chuckles and pockets the difference.
So accurate it hurts. There is so much we have yet to fix. This weird tax game has gotta go.
What the heck
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It’s really just a meme anyway. I’m American and do my own taxes. It’s labyrinthine, but not actually that hard honestly.
The place where individuals get themselves in trouble with the government is the more subtle business related stuff like writing off expenses, carrying forward business losses, depreciating assets, selling stock. That stuff is probably best left to an accountant.
But as a regular person filing with mortgage deduction, college tuition deduction, child tax credits, if you make a mistake the most likely response is just gonna be a letter telling you to try again.
The 1040EZs were a since when I was in high school but still odd of they check anyway why do I still have to do it?
In the past few years we had some more deductions and I had to Google which numbers, forms, or lines I had to put stuff on it felt so damn intuitive to a point I started designing forms to be easier for people, gave up and just let my tax guy do it all from now on.
Oh no, absolutely the government should be compiling this shit for us, and we should only have to double check and sign it like “yep looks right to me”
I was just pointing out that the idea that any little mistake on your taxes will get you put in jail is a meme.
They already compile it, they’re just not allowed to show us because the tax companies donate a tiny percentage of their profits to political campaigns.
Pretty sure they already do compile a lot of it. But then we get to play the game of “guess their number” with legal penalties if you guess wrong, so TurboTax can use fearmongering and deception to get people to pay for their software and add-ons.
Intuit and H&R Block have lobbied into the millions of dollars over the years to ensure that our taxes work exactly this way.
To date I have never used either of their products and I never will. Fuck them. Now if only literally everyone else felt the same so that they could promptly go out of business…
IRS has free file forms
https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free
They’ll only help if you have an AGI less than $73k. They built a whole system to help and don’t let some people use it not because of more complex tax situations, but due to an arbitrary income limit.
Me too
Even better is taxes would be late as they’re due in April (unless you file for an extension).
Australian. It’s the fine line between claiming enough to not get audited and getting an involuntary tax office enema.
Tax Software propaganda smh
The tin foil hat is coming loose, mate.
IIRC the tax software companies share data all the time. If they don’t, it opens them up as high targets for attackers and they get data breached.
I can definitely relate to this. When I was young and my taxes were dead simple I didn’t think twice, now that I’m older and my tax situation is more complex I always fear that I’ve done something wrong no matter how many times I double check.
I may start paying someone just to avoid the anxiety but I probably won’t because I’m too cheap.
Well yeah, you were supposed to do that before April 15th.
Only if you fudged them knowingly. If you’re just stupid then you probably won’t get arrested.
Did my taxes for years like this. Had a particularly challenging year and hired an accountant who literally played the guessing game in front of me - “if we don’t know the answer to x then we’ll just put y.” He also told me that no guarantees but the IRS doesn’t really go after small irregularities on taxes. Guess that advice and hiding behind his CPA shield was worth the money?
Also fuck TurboTax. Use FreeTaxUSA! And remember, you can use TurboTax or another satanspawn tax prep software to get your numbers about right, then file for free with FreeTaxUSA.
I did my taxes this year and now I am not sure if they were done fine or not ugh !