Re:Intuit will no longer be a part of IRS Free File program
by dheera on Saturday July 17, 2021 @11:53AM
(#27866645)
Yes, this would be awesome. For >50% people it would probably be correct.
Re:Intuit will no longer be a part of IRS Free File program
by totalZero on Saturday July 17, 2021 @12:19PM
(#27866825)
Seems like this would make tax evasion easier for cash businesses.
Re:Intuit will no longer be a part of IRS Free File program
by kerng on Saturday July 17, 2021 @12:39PM
(#27866960)
That's how most of the world does it and it works fine. And for businesses it can be just as is.
Its the insane burden and waste of time for the average person that is the problem.
Imagine how much more productive the entirety of the US would be if tax filing would be simple. The amount of time saved would be enormous, there are approx 140 million tax payers and if everyone would spend just an hour (in reality its probably multiple days) per year doing tax related work you get an idea how much time is wasted.
Re:Intuit will no longer be a part of IRS Free File program
by toomuchtodo on Saturday July 17, 2021 @02:40PM
(#27867819)
Eliminate cash with instant payment systems. Central banks are already working on it.
> The truth is the IRS bill would be wrong and the IRS would have countless challenges and no practical ability to review any in-house type of challenge and all cases would needlessly result in court.
That's not how it would work. The IRS wouldn't send you a bill: it'd sent you an offer in the form of a pre-filled tax return. You accept the offer or you submit your own tax return.