|
It is not getting easier, or taking any
less time to prepare your taxes!
In fact, many of the recent tax relief laws that are set up so
taxpayers may keep more of their hard earned money include hours of additional
paperwork.
Tax Filing Woes Worsening Due to
Complex Laws,
Citizen Group’s Annual Study Finds

The National Taxpayers Union’s (NTU) study is the eighth major examination
of Tax Code complexity the group has conducted since 1999, and thus provides a
unique evaluation of how citizens have been confronted with compliance hurdles
over time. This year, the Internal Revenue Service revised its methods for
calculating tax-form completion times, thereby presenting new challenges to
NTU’s analytical skills. Among the findings:
- The 1040 tax form with common
Schedules A, D, and others will take the average taxpayer 37.8 hours to
prepare this year – with the assistance of a computer! Even the so- called
“short” form will take more than half a day (12.6 hours) to complete.
- Self-employed taxpayers
filing the 1040 with small business schedules face an 80.2-hour completion
task – the equivalent of two weeks’ paid vacation.
- For the second year in a row,
roughly 9 out of 10 filers in 2006 appear to be using a paid preparer
and/or a computer for assistance in filing their tax returns.
- Today, taxpayers must wade
through 142 pages of instructions for the standard 1040 form and
schedules, up from 128 pages last year, and more than double the number in
1985 – the year before taxes were “simplified.” These estimates are probably
too low since they ignore the countless hours spent on tax minimization
strategies.
- The total number of paperwork
hours imposed by the Department of the Treasury exceeds 6.4 billion hours
(most of which are IRS-related). Despite agency regulatory actions in
Fiscal Year 2004 that reduced the paperwork mountain by 137 million hours,
statutory changes by Congress piled 101 million hours back onto taxpayers.
If you would like to file your own taxes electronically,
please click the link below.
Should you find that preparing your own tax return is more
than you bargained for, do not hesitate contact us at:
1-888-APRIL 15
We offer many promotions including: a FREE review of your
past years tax returns, a FREE financial planning review, & a FREE TAX
RETURN if you refer 3 or more new clients to R&G Brenner*.

*Rules apply, call 1-888-APRIL-15 for details

| Look how late you are for filing your Taxes |
| You
can still file for tax years 2000,2001 and 2002.
Call us now 1-800-692-4058 |
|
About R&G Brenner
How We Can Help You
Office Locations (USA)
Overseas Offices
Important Tax Tips
Employment
Download Tax Forms
Email R&G Brenner
If You Make More Than $200,000.
Financial Planning
Home |