Just finished my tax return. The complexity is unbelievable. While I can

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Jul 2, 2024
1:40:50pm

Acorn All-American

Just finished my tax return. The complexity is unbelievable. While I can

electronically file my federal return, certain rules (PTET and too many tax payments to other states due to being a shareholder where I work) preclude me from efiling with my state. Indicative: my state tax return is 67 pages. Redonkulous.

They really need to fix this and make it simpler. Thank goodness for tax programs.

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Acorn

Bio page: Acorn
Joined: Nov 25, 2004
Last login: Jul 4, 2024
Total posts: 19,211 (2,263 FO)

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Messages

Author

Time

Just finished my tax return. The complexity is unbelievable. While I can

Acorn

Jul 2, 1:40pm

I did my own taxes when I lived and worked in Germany, using their equivalent

Zooropa

Jul 2, 1:47pm

Can you say that on CB?

foofcoug

Jul 2, 1:47pm

Not the way I read it in my brain you can't.

IdahoCoug

Jul 2, 1:51pm

Haha is it any better in English? TaxFox.

Zooropa

Jul 2, 1:54pm

Were all church donations tax deductible or just fast offerings? In France back

LeGrandBleu

Jul 2, 2:05pm

All donations. We made them locally. Everywhere else we've lived overseas

Zooropa

Jul 2, 2:10pm

I'll take US rates and complexity over the German rates and complexity.

Baron

Jul 2, 2:14pm

They are indeed brutal, and no relief for expats.

Zooropa

Jul 2, 2:20pm

It's soooooooo stupid. I get angry when I think about it too much.

IdahoCoug

Jul 2, 1:50pm

Crooks ..as simple as that. They all have fiefdoms. Governments are out of

sfeuz

Jul 2, 2:02pm

Complex by design. The elites who rail against "the rich" not "paying their fair

Peter Venkman

Jul 2, 2:00pm

The elite disdain of the middle class is as old as tax codes themselves.

Zooropa

Jul 2, 2:03pm

Yep. People should be able to do their own taxes in an hour, without having to

BlooCoug

Jul 2, 2:02pm

RE: Yep. People should be able to do their own taxes in an hour, without having

maxpowers

Jul 2, 2:11pm

yes. Taxes should be simplified, but IRS should not become the tax preparer as

C-dubb

Jul 2, 3:19pm

Institutional theft

Jul 2, 2:03pm

I wish legislators were told they couldn't hire tax professionals for just one

gwalker

Jul 2, 2:03pm

RE: Just finished my tax return. The complexity is unbelievable. While I can

Archaea

Jul 2, 2:13pm

I would never own a foreign investment, because I do my own taxes.

Acorn

Jul 2, 2:50pm

I use leverage by hiring people who have more expertise than I

Archaea

Jul 2, 3:20pm

Since I am a CPA it would be stupid to pay someone $2K to do my taxes when

Acorn

Jul 2, 8:07pm

Nice Job! We're all super impressed.

OPINIONS

Jul 2, 2:17pm

My family story about taxes:

Archaea

Jul 2, 2:18pm

I was the exact opposite

Himni

Jul 2, 3:52pm

I often pass on business/investment opportunity due to the tax complications.

JAGA97

Jul 2, 2:22pm

IMO, federal taxes are pretty manageable as long as you stay away from foreign

Acorn

Jul 2, 2:57pm

It must be hard to be that rich

JimmyZ

Jul 2, 2:28pm

Has nothing to do with wealth, the company I work at, of which I own

Acorn

Jul 2, 2:48pm

Still, the insurance one gets from hiring a CPA

Archaea

Jul 2, 4:32pm

Been audited twice. Isn’t a big deal. But I couldn’t write a trust and would

Acorn

Jul 2, 8:09pm

Brutal level of complexity. I'm a tax idiot so I dont even attempt my own taxes

BYUfan92

Jul 2, 5:13pm

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