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Is this really a fallout that the poorest families are more than five times more likely to do their own taxes instead of hiring a tax professional? Most audits
by shemnon42 4y ago
Is this really a fallout that the poorest families are more than five times more likely to do their own taxes instead of hiring a tax professional? Most audits are to account for sloppy bookkeeping or not attaching the correct documentation, not uncovering tax fraud schemes. (but many good tax fraud schemes look like bad bookkeeping, to be fair).
- washbrain 4y agoAnother way it's extremely expensive to be poor.
- NovemberWhiskey 4y agoI couldn't find a more recent statistic; but lower incomes families are actually not much less likely to use a tax preparer than higher income families: https://www.taxpolicycenter.org/briefing-book/why-do-low-income-families-use-tax-preparers https://www.taxpolicycenter.org/briefing-book/why-do-low-inc...