How does that work for businesses and investments? In the UK I don’t have to do anything for taxes with my job, but if the investments in a rental property, or something like that, are over £4000 I have to do the forms.
They give you something to sign. For the majority of people, they just say “Yeah, sounds about right” and they confirm it.
For people with added complexities, they’ll do what they already currently do and add in the details you’re talking about. It’s literally win-win all around except for the tax soft company CEOs.
This is awesome! Now the IRS just needs to send me my already completed taxes that I just verify, sign, and return, like they do in Sweden.
But… why doesn’t anyone think of the millionaires :(
How does that work for businesses and investments? In the UK I don’t have to do anything for taxes with my job, but if the investments in a rental property, or something like that, are over £4000 I have to do the forms.
They give you something to sign. For the majority of people, they just say “Yeah, sounds about right” and they confirm it.
For people with added complexities, they’ll do what they already currently do and add in the details you’re talking about. It’s literally win-win all around except for the tax soft company CEOs.
There’s tax preparation software companies here in Sweden too but almost only businesses use them because most individuals don’t need it.