The Way You File Your Taxes on the Verge of Changing Thanks to the IRS – Opinion

The Internal Revenue Service (IRS) is on the verge of changing the way Americans file their taxes following the “Inflation Reduction Act” that was signed into law by Joe Biden and grants the IRS $80 billion in funding. The legislation includes $15 million to report on the “free, government-run tax e-filling system.”

This agency will have approximately one year for its e-filing reports. The basic task of the agency is to figure out the cost of the filing system and the attitudes among taxpayers. It’s unclear how they will figure out whether taxpayers favor or oppose using their system unless they put up ballot measures and allow states to choose. The new free electronic filing system is not compatible with the existing agreement between the IRS, private taxpayers. There are many questions to be answered.

Experts in tax say that this type of change can take one form or the other.

Alex Muresianu, Tax Analyst at the Tax Foundation said:

“With withholding, the IRS already has that information. So it’s kind of annoying that you have to go through and enter it in yourself. Joint filing is a feature of the U.S. So if your employer knows what your income is, they don’t necessarily know what your spouse’s is. Employer withholding isn’t reflective of various credits and tax programs.”

Many questions must be answered as mentioned earlier.

Robert Weinberg of Urban-Brookings Tax Policy Center stated:

“If you as a taxpayer know things the IRS doesn’t know that are to your advantage, then you might not want to share that with them … But there are arguments that that would be worth it, since the whole system would be simplified and people will be happier. So maybe that’s a trade-off we’d be willing to make.”

Frank Clemente is a director for Americans for Tax Fairness, an advocacy group that leans left.

“It’s critical to make filing taxes as easy as possible … We’ve got to move away from this adversarial feeling. A simpler tax system will reduce cost, increase compliance and make people just feel better about the IRS.”

The left is arguing that the IRS plan will “reduce cost” and make everyone pay their fair share, which will lead to people feeling “better about the IRS.”

As I reported last week, Texas cattle ranchers warned the American people after the “Inflation Reduction Act” was signed by Biden that would add $80 billion in IRS funding, and they might have been onto something.

If the IRS accepts its offer, Americans will now have an entirely new method of filing taxes.

Ted Cruz, Senator from Texas (R-TX), did not mince words Sunday when he tweeted:

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