Tax Reform is all the rage. And, now that the fairy-tale land of budget reconciliation has terminated (it ended on 30 September, where items could pass with a simple majority- which means the Vice President could break any ties), our Congress will now get all hyped about lowering the tax burden (I fear they will offer the rich a tax break, the poor more taxes, the middle class empty promises, and Christmas gifts for big business. We’ll have to see what they really propose.)
I know you said it. These tax forms are a pain in the …. You probably even said worse.
You complain how difficult it is to figure out how to pay your taxes. Why there are so many forms. Why it takes so long to complete the forms. Or, perhaps you bring your stuff to someone like me to insure they are properly computed- one who enables you to pay the lowest amount of taxes required by law.
It’s amazing what can happen when a corporation has a slew of professionals that do nothing but make sure that their tax bill is very low- zero would be ideal. Oh, I know, we all want to pay the lowest amount of taxes- but companies like GE have managed to pay no taxes, in spite of their profits.