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this post was submitted on 04 Jun 2025
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@ToadOfHypnosis @CosmicTurtle0 Want something more bullshit? You get 3 years to find mistakes in your past returns, the IRS gets 7 years to find mistakes, and if'n you owe money, you owe interest since the underpayment.
I feel it’s designed to push you towards a tax preparer. More business protectionism that benefits the rich and drains regular people.
@ToadOfHypnosis Not sure, I know that the rules really benefit the IRS, I should've owed $1800, but after that, interest (starts on the day it was due), penalties, and fees, I owed $4200. Nice racket they got there.