Support free tax filing!

https://www.opensecrets.org/news/2023/09/tax-prep-companies-lobbying-against-free-file-face-scrutiny-from-lawmakers/

#IRS #USTaxes #Taxes #FreeFile #Lobbying

#Tax prep companies (#TaxSlayer, #HRBlock and #TaxAct) shared private #taxpayer data with #Google and #Meta for years, congressional probe finds | CNN Business https://www.cnn.com/2023/07/12/tech/tax-prep-companies-taxpayer-data-google-meta #Taxes #USTaxes #USPol #ElizabethWarren #SenWarren

🙌

Dear Free File Fillable Forms Taxpayer:

Your federal tax return was successfully accepted by the IRS.

(only took me 2 tries. But nice to have not had to pay anyone or any service to get my taxes done this year)

#USTaxes #taxes

Ha, apparently the free fillable forms defaulted the "withdraw payment on" date to 1 month in the future, which is AFTER when #USTaxes are due.

Fixed. 🤞

Ah, this looks pretty straightforward:

Issue : Business Rule FPYMT-072-01 - If the return is received on or before the due date of the return, then the `RequestedPaymentDt` in the IRS Payment Record must be on the due date or before the due date.

#taxes #USTaxes

Top Tax bracket was 91% in the 1950s when MAGA think America was great…

https://www.tax-brackets.org/federaltaxtable/1950

#TaxTheRich #Billionaires #TaxBrackets #USTaxes #MAGA

#uspolitics #biden #ustaxes #stocks

Oh, no! Not bigger dividends!

Article: Expect bigger dividends if Joe Biden's tax on stock buybacks increases, says PepsiCo's CFO

https://flip.it/cFXlND

@proto I had just posted a similar question this morning...

I did the IRS screening for the free tax prep programs and frankly, I'm sure they're fine but didn't inspire huge confidence.

On recommendation from someone here on #mastodon, tried TaxAct and I was very pleased. And luckily because of my (now) pretty simple tax situation, I think I'll be able to file for free.

#Taxes #taxPreparation #taxAct #USTaxes

@MrShoggoth actually, at the suggestion of another #mastodonian (#mastodonite?) I tried TaxAct and it was pretty good and I *think* will be free for me to file 🤞🏼

#USTaxes #Taxes #taxPreparation

Thoughts on US tax prep? I've used TurboTax the past few years but really don't like their attitude (it's MY information, not theirs) & my taxes are simple enough that I can handle doing it myself.

Maybe wait until the IRS free filing fillable forms are available?

I DO qualify for using a free-filing partner site, but I dunno... some of them look a little sketchy. I'm inclined to just do them myself. I have past returns from professional tax prep to work from.

#taxes #USTaxes #taxPreparation

#USTaxes

My #w2 is available, so it's that annual time of the year that we get to tell the National Government how much money I made, as well as how much I paid in taxes.

I get that it's a racket, but that doesn't mean that it has to make sense to me. It's such a farce....

Random non-tech question:

Anybody know what the best tax site/software/solution is for the "California Domestic Partner" situation of being "single" for federal taxes and "equivalent to married" for state (california) taxes?

Bonus points if it can avoid giving money to a corporation that lobbies for keeping filing US taxes difficult.

#IRS #UStaxes #California #tax #taxes #DomesticPartner

"Perhaps the bigger problem is with the tax code, which favors rich cheaters like Donald Trump (and many others)" -- Digby

#USTaxes #IRS #TrumpTaxes

https://www.salon.com/2022/12/21/and-the-irs-a-massive-cheat-and-a-hapless-corrupt-agency/

"Perhaps the bigger problem is with the tax code, which favors rich cheaters like Donald Trump (and many others)" -- Digby

#USTaxes #IRS #TrumpTaxes

https://www.salon.com/2022/12/21/and-the-irs-a-massive-cheat-and-a-hapless-corrupt-agency/

File this years tax forms for free with USTaxes, a secure and private open-source application available on both web and desktop.

Website: https://USTaxes.org

Github: https://github.com/ustaxes/UsTaxes

#ustaxes #taxes ustaxesorg

File this years tax forms for free with USTaxes, a secure and private open-source application available on both web and desktop.

Website: USTaxes.org

Github: https://github.com/ustaxes/UsTaxes

#ustaxes #taxes ustaxesorg

#Taxodon #TaxMastodon #USTaxes
A thread here on issues related to passthrough entity taxes since for a number of US states this is the first year that option is in play.
The first thing any adviser has to do is study IRS Notice 2020-75
https://www.irs.gov/pub/irs-drop/n-20-75.pdf
Remember that the tax benefit exists solely on the US federal return, and that IRS Notice provides the basic rules.