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A comment on IRS tests free e-filing system that could compete with tax prep giants. Parent comment

Re:IRS tests free e-filing system that could compete with ta... by whimsicalism on Monday May 15, 2023 @03:02PM (#35953029)
Realistically what penalty do you think GP would face if they had failed to report those $15 in capital gains.
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Re:IRS tests free e-filing system that could compete with ta... by maxerickson on Monday May 15, 2023 @08:47PM (#35956492)
Sure, but that isn't what they are saying, they are saying that the tax code is that you report the gain.

I think most people don't report interest that is below the reporting threshold for the bank either. Doesn't change what the tax code says you are supposed to do.

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