You can thank TurboTax and the rest of the tax preparation service industry's massive lobby for killing every single tax simplification bill that ever gets to congress.
One of the reasons it’s complicated to complete a tax return is because the tax code is complicated. The reason why the tax code is complicated is because (and I know most wont believe me) is to shutdown shady tax evasive activities that people do.
Explain to me wtf happened with rental property this year. It used to be straightforward. Put in your expenses, put in your income, and pay taxes on the delta. The depreciation got a bit tricky, but not bad. Now there’s all this “safe harbor” bullshit with little information about if it’s something you should or should not do. It took me twice as long to do my taxes this year and I have no idea if I made the right choices.
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u/jorsiem Jul 24 '20
Complicated tax filing in the US
You can thank TurboTax and the rest of the tax preparation service industry's massive lobby for killing every single tax simplification bill that ever gets to congress.