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Poll: US residents, how do you do your taxes?

news.ycombinator.com

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Re: Poll: US residents, how do you do your taxes?

#61
post #45

Earlier quoted context omitted.

This is not relevant, you still have to file and can deduct your foreign paid taxes in any event. The tax treaty becomes relevant when you are working in the states on behalf of your foreign employer (china and USA really needs a better tax treaty).

This really depends on the particular tax treaty. Do you have to file taxes? Most likely yes. Do you have to deduct taxes? This depends: Some tax treaties specify that you only have to pay the "difference" in taxes, i.e., by deducting the taxes that you paid to the other country. Some other tax treaties specify that only one country is allowed to tax a particular type of income. In my particular case (foreign citizen…

If you are a USA citizen or green are holder, you must file, no "most probably" about it; treaties don't regulate that. You pay taxes either to them or us. The USA also offers a foreign income deduction of $90k+ so many of us don't pay us taxes even if the foreign taxes come in lower (highly unlikely as the us has lower taxes than most countries).

Tax treaties only handle who you pay when payment is ambiguous; e.g. If I work for Microsoft china and go on a business trip to Seattle, I'm liable for taxes by both china and the USA (I.e. Double taxation) because the tax treaty is crappy. They are meant to normalize tax policies between two countries, they have nothing to do with tax avoidance (well avoiding double taxation is a goal).

Re: Poll: US residents, how do you do your taxes?

#62
post #52
post #35

curious

I prepare and file all my personal and business taxes and forms without any software, other than excel. Filing by hand means the IRS copies only the most important information, then archives/destroys the original. The end result is less chance of an audit, as there is less information up front. At least that's the rumor.

i believe all forms get scanned and not read. probably free-form attachments will get discarded, but you rarely attach these anyway.

Re: Poll: US residents, how do you do your taxes?

#63

Personally, I don't understand why the IRS doesn't give me a way to electronically submit my taxes to them directly. I hate having to use a third party.

They aren't allowed to. Their agreement with the Free File Alliance says they can't compete with members of the Free File Alliance.

http://www.irs.gov/pub/irs-utl/Free_Online_Electronic_Tax_Fi...

Under Summary: "During the term of this Agreement, the IRS will not compete with the Consortium in providing free, online tax return preparation and filing services to taxpayers."

Re: Poll: US residents, how do you do your taxes?

#64
post #15

It's a shame ReadyReturn[1] is so nerfed (due to intense lobbying from Intuit) - as otherwise it'd be pretty great. 1: https://www.ftb.ca.gov/readyreturn/ A federally-based solution for this would be ideal; the government is already well-aware of the relevant data. The only reason we have to do any work at all is because of the bizarre vagaries and loopholes of the tax code (and the gigantic amount of lobbying from t…

There is some information on the Free File Alliance and their restrictive agreements with the IRS here: http://www.irs.gov/uac/About-the-Free-File-Alliance

It would be cool if someone not associate with the FFA would create a tax prep site. The IRS APIs and standards are here: http://www.irs.gov/Tax-Professionals/e-File-Providers-&-Part...

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