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Old 02-02-2009, 07:51 PM
UGAalum94 UGAalum94 is offline
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Join Date: Aug 2006
Location: Atlanta area
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Quote:
Originally Posted by AOII Angel View Post
From the standpoint of someone who now pays A LOT of taxes, it's not always so black and white. My taxes are fairly simple since I don't claim lots of deductions or have multiple sources of income. However, I don't receive a W2 anymore. Determining my taxable income is easy since I only have one source, but for others, they often do the best they can. Tax codes are complex. I rely completely on my accountant to keep me in line with regulations. I could easily miss something that I would have no clue was taxable! They don't charge penalties for these "oops" evasions because they give people the benefit of the doubt that an error was not deliberate. If you do your taxes on a 1040EZ, you have no concept of how complicated taxes can be!
What you are describing is different from my experience. I'm definitely paying a penalty for an "oops" evasion.
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