Re:H&R Block and Intuit Lobby Against Free and Simple Tax Fi...
by Ntrails on Monday January 21, 2019 @08:23AM
(#18960192)
I still remember receiving a tax refund for my holiday work in first year of uni, the tax code had been wrong. It arrived some 4 years later when I was in full time employment.
I mean, it was a cheer-bringing cheque - but at the same time I found the timing somewhat sub-optimal...
It's automatic. Some system or human reviewer goes "Hey, this item is wrong" and then the machine re-calculates that and issues a new statement, but it also queues up any subsequent re-calculates and those may take a few days extra.
If they owe you money you get either a direct credit or cheque, if you owe them a small amount it's added to your next year of taxes, if you somehow owe a large amount you have to arrange how you'll pay.
For me the goal is to minimise paperwork, not minimise amount paid. I have money, I don't want to spend time doing paperwork (and no I don't want to hire somebody else to do it). So the US system would be intolerable.