It’d be nice if my 1099s were electronically filed with the cost basis. But they’re not. So the IRS, every year, thinks I’m going to owe way more than I do.
The IRS also has zero idea about the $4000+ of sales tax deductions I’m filing for this year.
And finally, if you do get it wrong, you don’t go to jail. They send you a CP2000 letter. (Remember those 1099s? I forgot one one year.) You fix the problem or show them their error. They’ll even waive the penalties the first time. It’s a somewhat easy process.
It’d be nice if my 1099s were electronically filed with the cost basis. But they’re not. So the IRS, every year, thinks I’m going to owe way more than I do.
The IRS also has zero idea about the $4000+ of sales tax deductions I’m filing for this year.
And finally, if you do get it wrong, you don’t go to jail. They send you a CP2000 letter. (Remember those 1099s? I forgot one one year.) You fix the problem or show them their error. They’ll even waive the penalties the first time. It’s a somewhat easy process.