The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: SS tax||Date: 12/22/2012 9:32 AM|
|Author: TMFPMarti||Number: 117209 of 122917|
What do the companies (e.g,. TurboTax, TaxACT, etc.) that write tax programs do? It takes time to write tax programs, time to test them, time to write instruction manuals (whether on line or in paper form).
Some last minute changes require only changes to numbers in tables, but some require changes in the logic of the programs to follow the tortured logic of the congressmen who write the laws with little logical ability.
Don't forget the IRS in this scenario. What happens is that certain types of returns can't be filed until everyone's ready, both to produce them and process them. I don't remember the details or the year (2010?), but it was sometime in February before returns claiming itemized deductions could be filed.
Rule Your Retirement Home Fool
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|