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

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Jul 2, 2024
2:13:22pm

Archaea Intervention Needed

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

I wouldn't hazard completing my tax return.

I have a client who used a person that didn't know taxes well, and the preparer failed to file FBAR forms even though they accounts had been disclosed earlier to the IRS.

IRS came after for willful failure to disclose.

No way am I preparing my return.

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Archaea

Bio page: Archaea
Joined: Mar 28, 2001
Last login: Jul 4, 2024
Total posts: 95,875 (3,168 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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