I see this as an immense opportunity to automate this via an software by your identity at purchase. Why can't this be part of the software transaction and automatically reported and available at the IRS real-time.
Our tax system is way too form and administrative based still. It is always delayed and never real-time. Get this stuff out of the way and automate it throughout the year. Hide income taxes and 1099s for contractors just like they hide sales tax in transactions, or just rid of the income tax altogether and go another direction.
Our tax system is way too form and administrative based still. It is always delayed and never real-time. Get this stuff out of the way and automate it throughout the year. Hide income taxes and 1099s for contractors just like they hide sales tax in transactions, or just rid of the income tax altogether and go another direction.