There are some red flags that the software will point out. 99% of the time it is really straight forward. If someone pays you money they have to file a form with the IRS. If you get a copy of the form and report it in the software there is zero chance that there will be an audit. I only had issues with not having money withdrawn automatically from what was paid to me and not paying estimated tax. The IRS wants their share when you get yours, not at the end of the year.
Investments get tricky but now that it is all online the investment places do all the legwork so it is just like a pay check.
There is little reason now days that the IRS just doesn't send a bill with what you owe. Why do you have to tell them what they already know and pay a third party for the priviledge?
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Date: 2024-12-30 20:43 (UTC)Investments get tricky but now that it is all online the investment places do all the legwork so it is just like a pay check.
There is little reason now days that the IRS just doesn't send a bill with what you owe. Why do you have to tell them what they already know and pay a third party for the priviledge?