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The IRS does not disclose the exact amount you owe in taxes to protect your privacy and prevent potential fraud or identity theft.

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4mo ago

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Why doesn't the IRS inform individuals of the exact amount they owe in taxes?

The IRS does not inform individuals of the exact amount they owe in taxes because the tax system is based on self-reporting and individuals are responsible for calculating and reporting their own income and deductions accurately. The IRS provides guidelines and forms to help individuals calculate their taxes, but ultimately it is the individual's responsibility to determine the correct amount owed.


Why doesn't the IRS inform taxpayers about the exact amount they owe?

The IRS does not inform taxpayers about the exact amount they owe because they want taxpayers to accurately report their own income and deductions. This helps ensure that taxpayers take responsibility for their tax obligations and reduces the risk of errors or fraud.


Why do we have to file taxes if the IRS already knows our financial information?

Filing taxes allows individuals to report their income, deductions, and credits accurately to ensure they are paying the correct amount of taxes. The IRS uses this information to verify and cross-check against their records, ensuring compliance with tax laws and identifying any discrepancies.


Why doesn't the IRS simply send a bill instead of requiring taxpayers to calculate and pay their own taxes?

The IRS requires taxpayers to calculate and pay their own taxes because the tax system is based on self-reporting and self-assessment. This system relies on individuals to accurately report their income and deductions to ensure compliance with tax laws. Sending a bill to each taxpayer would be impractical and could lead to errors or fraud.


How much does the IRS collect each year?

The fact is, that ALL of the money collected by the IRS goes to Private Banks to service loans to the govt. 100% all the income tax you give goes to the pockets of private bankers. A grand illusion is most Americans believe all the income tax goes to pay for the running of the country. NOT>> The money to run the govt, comes from private banking instiutions, who loan money to the govt. Its absurd. Its a huge ponzi scheme. Trumps Madoff. So the answer to the question "How much does the IRS collect each year?" is that it doesn't matter. Its ALL theivery. No matter if its 100 million or $1000 billion, its robbery, plain and simple. Until this robbery is stopped, it will be very difficult for America to be free again.

Related Questions

Why doesn't the IRS inform individuals of the exact amount they owe in taxes?

The IRS does not inform individuals of the exact amount they owe in taxes because the tax system is based on self-reporting and individuals are responsible for calculating and reporting their own income and deductions accurately. The IRS provides guidelines and forms to help individuals calculate their taxes, but ultimately it is the individual's responsibility to determine the correct amount owed.


What is irs help, and what benefits does it give?

IRS help is when someone is helping you with your taxes to make sure you pay the correct amount for you taxes. You can find people with degrees for IRS help on the internet.


Can you get a return if you owe back taxes?

If you owe back taxes, the IRS will automatically deduct that amount from your refund. Depending on that amount, you can only receive what is left from that deduction.


What happens if I overpaid my federal taxes?

If you overpaid your federal taxes, you can request a refund from the IRS. They will send you the excess amount you paid back to you.


How can one settle on their taxes for less than what they owe?

One can settle on their taxes for less than what they owe by proving to the IRS that the total amount owed is incorrect, making the IRS understand that the chances of paying back the amount owed is quite slim.


What dollar amount must be probated?

There is no exact dollar amount that must be probated. The dollar amount will vary from case to case with the IRS.


When you pay more than you owe in taxes and the IRS gives you money backwhat is that money called?

A tax refund or tax rebate is a refund on taxes. When your tax liability (the amount of tax you owe) is less than the amount of taxes paid or taken out of your paycheck, the IRS will give you a tax refund once your return is filed.


How is IRS interest calculated on unpaid taxes?

The IRS calculates interest on unpaid taxes by using a set percentage rate that is applied to the amount owed. This interest accrues daily until the tax debt is fully paid off.


Does the IRS collect state taxes?

No, the IRS does not collect state taxes. State taxes are collected by individual state governments, while the IRS (Internal Revenue Service) collects federal taxes on behalf of the federal government.


Do you need IRS help with your taxes?

If you need assistance with your taxes from the IRS, you can seek help from their resources and services.


Pay Some Money?

If you have filed your taxes forms and have been shocked by the amount you owe, then you need to figure out ways to repay your taxes. Do not simply fail to pay anything at all to the IRS. The IRS looks very negatively upon people who completely fail to pay any of their taxes. However, if you pay as little as $1 or $2 to the IRS, then the IRS will consider this a "good faith" form of trying to repay your taxes. The IRS needs to receive this payment so that you can then try to come up with a payment schedule.


How much should you pay the IRS?

The amount of taxes you pay depends on your level of income. You can use a tax software like TurboTax to easily figure out how much you owe to the IRS.