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> There's something to be said for making sure the government is doing it accurately.

>> Let the IRS do it, they send you a copy and you send it back either as is or with modifications.

That's why you check it.

And to respond to a possible next question, do we trust TurboTax (or others) more?

> Also, if you have other income with no W2 it needs to be reported.

All those other forms that are handed to you are ALSO already handed to the IRS. For example the 1099. The W2 was an easily verifiable example of how they already have this information before you receive it. The gov already has copies of all those forms. So really as tax payers we're paying for the IRS to do our taxes and we're paying for companies like TurboTax to do it as well (assuming you don't do it yourself)




It's a bit more complicated than that. For example, rental income and capital gains on sales of property or owned items don't typically have reported forms associated with them. But for probably 90% of tax filers, the IRS should already have everything it needs and know the exact amount owed.


That's fair, but I think if it works in 90% of cases that's a huge win. And it seems like it'd be pretty easy to close that gap (with multiple solution methods).


100% agree. A simple "here's what we think you owe" postcard for 90% of people and a "we think you might have unreported income based on your bank transactions - please fill out a full 1040" for the other 10% would be a massive improvement over today's system.


Right now the system is that everyone gets a "we think you might have unreported income" and I don't see any problem with that.

What I don't understand is why we can't have the IRS running their own tax prep website. The government seems to be capable of running other websites just fine.




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