I do not often agree with Senator Elizabeth Warren from Massachusetts.
But she proposed a plan where the Government DOES YOUR TAX RETURN FOR YOU.
After all, for a whole lot of people the IRS already has all your forms.
The IRS could process it all, and simply mail you a Statement.
It could show Taxes Due, or a Refund.
If it is wrong, you’d do a Tax Return as usual.
If not, check a Box that all is ok, and mail it in.
Right now the IRS is basically running a “GOTCHA” scheme. They know what you made, what you paid, and if you forget to include some Income they know about - GOTCHA !
But she proposed a plan where the Government DOES YOUR TAX RETURN FOR YOU.
After all, for a whole lot of people the IRS already has all your forms.
The IRS could process it all, and simply mail you a Statement.
It could show Taxes Due, or a Refund.
If it is wrong, you’d do a Tax Return as usual.
If not, check a Box that all is ok, and mail it in.
Right now the IRS is basically running a “GOTCHA” scheme. They know what you made, what you paid, and if you forget to include some Income they know about - GOTCHA !