Comments on: Millions in Taxes Overpaid, Millions in Taxes Uncollected http://www.consumerismcommentary.com/2007/03/12/millions-in-taxes-overpaid-millions-in-taxes-uncollected/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sat, 21 Nov 2009 16:42:00 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Saving Advice http://www.consumerismcommentary.com/2007/03/12/millions-in-taxes-overpaid-millions-in-taxes-uncollected/#comment-89024 Saving Advice Fri, 16 Mar 2007 08:40:25 +0000 http://www.consumerismcommentary.com/2007/03/12/millions-in-taxes-overpaid-millions-in-taxes-uncollected/#comment-89024 Unless you take an interest in finances, it's east to miss a lot of the deductions that you qualify for. The regular form, while really not too difficult if you are familiar with it, is daunting to anyone who has had little tax experience. It would be nice if they truly did simplify the entire process... Unless you take an interest in finances, it’s east to miss a lot of the deductions that you qualify for. The regular form, while really not too difficult if you are familiar with it, is daunting to anyone who has had little tax experience. It would be nice if they truly did simplify the entire process…

]]> By: donna jean http://www.consumerismcommentary.com/2007/03/12/millions-in-taxes-overpaid-millions-in-taxes-uncollected/#comment-88662 donna jean Tue, 13 Mar 2007 14:37:57 +0000 http://www.consumerismcommentary.com/2007/03/12/millions-in-taxes-overpaid-millions-in-taxes-uncollected/#comment-88662 Growing up, my family always made the IRS sound like the big bad wolf -- they were so scared of upsetting them. In fact, they'd skip out on deductions and credits they were entitled to because they didn't want the IRS to come a'calli'. I wasn't as timid because I'm all about keeping as much money as possible -- when I talked about taxes with my mom, she urged me to not take the deductions and told them that an audit wouldn't be worth it. Heck, the IRS is welcome to audit me and I wouldn't mine sitting through the process. I'd show up prepared with all the proof I need for every deduction and credit I claimed. Too bad my family has allowed the IRS to scare them into giving up their money. Growing up, my family always made the IRS sound like the big bad wolf — they were so scared of upsetting them. In fact, they’d skip out on deductions and credits they were entitled to because they didn’t want the IRS to come a’calli’. I wasn’t as timid because I’m all about keeping as much money as possible — when I talked about taxes with my mom, she urged me to not take the deductions and told them that an audit wouldn’t be worth it.

Heck, the IRS is welcome to audit me and I wouldn’t mine sitting through the process. I’d show up prepared with all the proof I need for every deduction and credit I claimed. Too bad my family has allowed the IRS to scare them into giving up their money.

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