|
|
|
|
|
|
by surge
1799 days ago
|
|
|
I believe the way it works here (US), is most people with the standard deduction works for probably 80-90% of cases because their finances aren't complex enough or they're not doing enough where the deductions exceed the standard. So most would be fine with government just telling you what you owe/they owe and you just signing off or making a correction. If you're doing a lot of charity donations, real estate, student loan debt, saving receipts for work related expenses, calculating depreciation on assets, etc, then its worth it, but by then you probably have a personal accountant doing it for you, not a program. |
|
|
I’ll save my personal political ranting for a different space.
Addressing the GP, yeah our system has been messed with by the tax prep companies. One year I had a complicated (for me) tax situation and I hired a CPA. They managed to make a mistake that lead me to overpaying by thousands. The IRS was nice enough to mail me a check.
The IRS clearly has enough info to run a European style system. We (as a country) just underfund the IRS and have special interest vested in maintaining the status quo. Clearly those special interests are doing a great job if someone with a state certification and professional tax software can mess up the math. A friend had the same issue with this past tax year and owes a balance plus penalties. She has every intention of paying her taxes. Why does our system make it hard for her to do so?
There’s no good reason why we should have to chance these situations. We should just be able to pay our taxes correctly at time we are paid and move on.