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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Tax Strategies
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Author: onepoorguy 🐝  😊 😞
Number: of 80 
Subject: Re: Taxes and Retirement, oops
Date: 03/28/24 8:43 PM
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What's really annoying (and I know I've said this before, at least at TMF) is that the IRS already knows what you owe. All those entities (banks, brokers, etc) submit the paperwork to the IRS, and the IRS runs the numbers. Probably long before you file. That's why you sometimes get letters from them that you owe them, and they almost always specify the line and the error.

So why don't they just send us a bill saying "you owe this", and be done with it? Instead of making us go through and understand arcane tax law to tell them something they already know. In over 40 years of filing taxes, I've probably spent months of my life getting documents together, entering numbers where they are supposed to be, etc. I'm getting old. I'd like those months back. But they're gone. It's really annoying.
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