One of the things that many people struggle with is filing their taxes. And in fact many people wonder why does it have to be so difficult, especially if the IRS already has all of their information.
Turns out there is an answer for that, and the culprits may surprise you.
Many people get behind on paying their taxes, or even just filing them. Because the process is too hard, or confusing and they don't even start. This then starts a domino effect of problems with their money and even their credit.
Businesses like H & R Block, and Turbo Tax have actively lobbied Congress to not make it easier. In fact they have even promised that "they would make it easier, and affordable, and even free to low income folks" .
In this article from last year, from MSNBC, they break down what has been happening and say "the IRS has had enough of those shenanigans, and it changed the terms of its agreement with the tax preparation companies in December 2019."
And they also point out that "That's all great. But in the few weeks before tax returns are due, Americans will still stress over whether they checked the wrong box and whether that means they owe thousands of dollars."
Here we are at the start of the next tax season, and it's still true that many are frozen from even starting, and are stressed about the process.
Links from article:
And here is a recent articles in the news about just this topic!
https://www.econotimes.com/The-IRS-already-has-all-your-income-tax-data--so-why-do-Americans-still-have-to-file-their-taxes-1626068 By Beverly Moran Professor Emerita of Law, Vanderbilt University for the EconoTimes