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Q: Taxes at home ( Answered 5 out of 5 stars,   1 Comment )
Question  
Subject: Taxes at home
Category: Business and Money > Accounting
Asked by: ksmpta-ga
List Price: $5.00
Posted: 27 Jan 2003 14:27 PST
Expires: 26 Feb 2003 14:27 PST
Question ID: 149241
How many people do their taxes at home and do them incorrectly?
Answer  
Subject: Re: Taxes at home
Answered By: tar_heel_v-ga on 27 Jan 2003 15:46 PST
Rated:5 out of 5 stars
 
ksmpta..

Thanks for your interesting question.  As somone who has always done
my own taxes, I was curious as to if I was in the majority or minority
of taxpayers.  Turns out, I am in the minority.

In tax year 2000, there were approximately 127 million returns filed
with the IRS.  Of those, 53.4% used paid preparers to file their
returns.  Therefore, about 46%, or 58 million, prepared their own
returns.

In 2002, up to 15% of the returns filed electronically were rejected
by the IRS for math errors and or mismatched Social Security numbers. 
Statistics also show that as many as 33% of all self-prepared returns
contain some type of error, be it for or against the taxpayer.


To see some of the top errors performed by paid preparers so you can
avoid them, visit http://www.irs.gov/taxpros/article/0,,id=99032,00.html

Thanks again for your question and if you need any additional
clarification, please let me know prior to rating my answer.

Regards,

-THV


Search Strategies:
IRS statistics
incorrect tax return statistics irs

References:
Tax Stats at a Glance
http://www.irs.gov/taxstats/article/0,,id=102886,00.html

Summary of Number of Returns, by Type of Return, Fiscal Years 2000 and
2001
http://www.irs.gov/pub/irs-soi/01db02nr.xls
NOTE: Requires MS Excel

IRS: Tax e-filing up 35% this year
http://www.usatoday.com/tech/news/2001-03-13-e-tax-filing.htm

TREFinancial
http://www.trefs.com/tvpacket_ben.html
ksmpta-ga rated this answer:5 out of 5 stars and gave an additional tip of: $3.00
Wow.  Perfect answer - in no time at all.  This service is a great
idea - and even better because it is completely accurate and thorough.
 Thanks!!!

Comments  
Subject: Re: Taxes at home
From: tar_heel_v-ga on 27 Jan 2003 17:44 PST
 
Thanks so much for the rating, kind words and your generous tip.  I am
glad I was able to be of assistance.

-THV

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