re: How are the results of your tax returns coming along?

quote:

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At one time there was a magazine-MONEY magazine that held a contest in which they would create a fictitious family and have various tax preparers,CPA’s,etc do the tax return.The winner got a prize of $10,000.
The results were all over the place,it was amazing the different tax liability some them came up with.Some high priced CPA’s were embarrassed.It only last a few years as they couldn’t get anyone to compete any longer.
Initially they had some 25 participate.
Our tax system is so convoluted I wonder how they determined the winner.
Actually I think they had some retired IRS agents as judges,if I remember correctly.

That brings up another issue.They would call IRS helplines all over the country and pose as a taxpayer and ask various questions about tax issues.
The magazine said 50% of the answers they got were wrong.

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Amazing yet not suprising...

remember when the Biden administration was advocating for hiring an additional 88,000 IRS agents?

it's unreal...