Episode 003 / Taxes
The IRS Already Has Most Of Your Numbers. Why Are You Retyping Them?
Employers, banks, and brokers already send many figures to the IRS, yet the filer still carries the paperwork burden.
Watch the full episodeThe system receiptThey already have it
Already reportedW-2, bank, broker forms
Burden returned to youRetype, reconcile, file
First moveStart at IRS.gov
What is happening
They are selling you a pencil while the answer key sits on the desk.
The IRS receives billions of third-party information returns, although it does not know every fact needed for every return.
Read the receipts
Sources, not vibes.
Claims and rules can change. Use the current source pages and the documents in front of you.