akugami
Diamond Member
- Feb 14, 2005
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This subject was touched upon in another thread. I commented similarly that other countries just send you a letter with either "You owe X" or "We owe you X", and if you agree, just sign it and return it along with payment if you owe any money. There is also a third option of disputing their calculation, and in that case, that's when you have to fill out forms and stuff and send it to them.
I honestly don't understand why this isn't that way in the US. The government has everything on you already. I work in an industry that has to remit financial documents on our clients to the IRS. And knowing payroll taxes are paid to the IRS in as short of an interval as weekly for certain business types, as well as financial institutes needing to send copies of your finances to the IRS, they have everything they need to accurately calculate taxes for 95% of the individuals out there.
I honestly don't understand why this isn't that way in the US. The government has everything on you already. I work in an industry that has to remit financial documents on our clients to the IRS. And knowing payroll taxes are paid to the IRS in as short of an interval as weekly for certain business types, as well as financial institutes needing to send copies of your finances to the IRS, they have everything they need to accurately calculate taxes for 95% of the individuals out there.