How come the IRS doesn’t just mail you a bill if they know exactly how much you owe in taxes?
In: Economics
Because they dont
The irs estimates how much you owe and take it ahead of time from your checks or if self employed they have no idea how much you would owe ahead if filing. Even then they over take from me and pay me back alot every year. With all the deductions and credits and other factors that go into calculations its unrealistic for the irs to be able to accurately know what everyone will pay ahead of time
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