They’ve already got it, but I’m all for it being ungiven, or whatever you can say without using the word Indian.
Give a man a fish …
Not even our current President could print enough money to do that. I think they’re still on 14" platters/packs.
I normally can see the black helicopters, but not in this case. Why is the/any paranoia called for?
What would lead you to believe that? They currently have all the justification in the world. Why would an online filing program cause them to dump their current justification.
That only works for wage earners and tracked investments. It would be helpful if the IRS did automate that. However things like businesses and rental properties, IRS doesn’t keep track of that and relies on voluntary compliance. If people don’t voluntarily comply, then the IRS must collect to enforce.
There are other things that the IRS may not know even if all you have is W2s and 1099s. They’d have to know your family situation changes, who you claim as dependent or not, charitable contributions including those of non-cash nature, handling of tax-privileged/deferred accounts, and a lots of misc. deductions and credits you may qualify for.
I think that the limitations of the Direct File offering are a pretty good hint of the limits of what the IRS could guess your taxes should be just from the forms they received.
IRS Commissioner Will Resign as Trump Takes Office
Trump Had Signaled Intent to Replace IRS Chief Danny Werfel
Werfel, Picked by Biden, Has Nearly Three Years Left in Term
Republicans generally support expanded IRS taxpayer service and technology improvements, but they oppose tougher enforcement, arguing that the agency is too intrusive.
Of the $45.6 billion in enforcement money that Congress approved in 2022 atop the agency’s annual budget, Congress has already clawed back $20 billion and frozen another $20 billion
Only a majority is needed to pass tax changes via budget reconciliation. Here is a wide long list of such proposals supposedly being considered by the republicans.
A lot of them are things that seem to get tossed around every years. It’s the “see how terrible Trump is going to be” crowd that is giving this memorandum whatever newsworthy legs it has this time.
Vs. giving your PII to yet another third party who did not have it before (adding a hacking risk) and who will eventually forward that info to the IRS upon filing? I don’t see the benefit vs giving it to the IRS directly.
I figured killing Direct File was coming soon. One of my kid is eligible to use it to get her refund but told her to use Free File program instead since that seemed less likely to get cancelled, or not first at least.
To be fair, Intuit and H&R Block, who quietly got out of Free File program during the pandemic, had to get something for their lobbying $$$… All for the laudable goal of redirecting taxpayer dollars to their pockets saving hard-working taxpayers money, I’m sure though…
