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This all points to the real problem: the sheer complexity of the tax preparation process, and the impossibility of navigating it without assistance.įor those who can’t afford to hire an accountant and pay a few hundred dollars for even a simple return, there are alternatives. And for many Americans – and for the economy as a whole at this time of year – refunds are a critical source of income.
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The icing on the cake? Delayed 1095-A forms from state health exchanges, combined with the need for the taxpayers and the IRS to match up and adjust actual and estimated incomes and tweak the subsidy accordingly, are causing delays in processing refunds. There are new forms to fill out, new calculations and some convoluted math, especially if you received a tax credit to pay for that healthcare and then saw your income jump. But if you buy your own healthcare, you set off on a little trip through tax preparation hell. That happened in a year Congress and the IRS knew was going to be particularly complicated for both the agency and taxpayers when it came to preparing and processing tax returns, thanks to Obamacare.įor some taxpayers, it will be pretty straightforward: if they get healthcare through their employer, or they’re covered by Medicare, they just check a box. Even before that happened, more than a third of customer calls to the agency’s toll-free line went unanswered. Congress slashed funding to the Internal Revenue Service to the lowest levels since 1998, on an inflation-adjusted basis. The handwriting was on the wall early on. Nor does it seem as if anyone out there is doing anything to assist beleaguered taxpayers who have to cope with it all, and still meet tax filing deadlines. This tax season, heading into its final days, has been more nightmarish than most. British friends who moved here marveled over their first Christmas at the way their new acquaintances swapped names of good accountants the way that they might share tips for a great holiday destination or a marvelous new restaurant … until they themselves encountered their first tax preparation season. I’m one of those individuals having done what had been more complicated taxes in Canada quite easily on my own, I realized that doing even a simple US return on my own wasn’t possible. The fact is that, as anyone who has ever moved to the US and started filing taxes here after doing so elsewhere can tell you, US tax season is a bona fide nightmare. I can pretty much guarantee that you’ll be able to pick out the Americans, simply by the magnitude of the response, up to and including the dents in the ceiling.