#tax-filing

#tax-filing

As last-minute types rush towards the November 19 deadline extension, we look at where some people go wrong. For many workers, especially the self-employed, Halloween wasn't the scariest thing last month: it was the eerie reminder that Revenue is just around the corner, ready to pounce unless they filed their annual tax return.

Americans spend over 13 hours and hundreds of dollars filing taxes annually, creating a massive burden in a system designed for compliance rather than optimization.

Sen. Elizabeth Warren criticized Intuit's lobbying against Direct File, asserting that it enables taxpayers to file taxes easily and for free, contrasting it with the interests of powerful corporations.

If you owe a tax bill and you haven't filed your tax return, the consequences can be severe, as the failure to file penalty is much steeper than simply not paying your taxes.

Every year, several million Americans fail to properly file their taxes. The IRS also sends taxpayers 170 million notices a year.