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  • Tax Trivia: Tax Compliance Costs

Tax Trivia: Tax Compliance Costs

Kelly Phillips ErbJanuary 20, 2011

We have a winner! See the correct answer in the comments.

Our next tax trivia question for the giveaway is:

The National Taxpayer Advocate report to Congress cited tax complexity as one of the most serious problems facing individual taxpayers. The study found that 60% of taxpayers paid preparers to do their returns for them and another 29% used software packages. As a result, the IRS estimated that the cost to comply with tax filing laws for the median individual taxpayer hit what number in 2007?

The first correct answer wins free free CompleteTax online tax prep software.

Remember that you have to comment on the actual post, not on email, Twitter or Facebook, in order to win (though feel free to comment that way for fun). You can read the rules for the giveaway and more about the prizes here.

What’s your guess?

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Kelly Phillips Erb
Kelly Phillips Erb is a tax attorney, tax writer, and podcaster.
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9 thoughts on “Tax Trivia: Tax Compliance Costs”

  1. CT_Woods says:
    January 20, 2011 at 9:36 am

    $6.1B, if I recall aright.

    Altogether grist for the tax prep and planning community.

    Reply
  2. Jane Cowles says:
    January 20, 2011 at 9:58 am

    $200 per individual

    Reply
  3. brittany says:
    January 20, 2011 at 10:25 am

    $258

    Reply
  4. Robert says:
    January 20, 2011 at 10:27 am

    $258

    Reply
  5. Payslip says:
    January 20, 2011 at 11:17 am

    I am glad that a report showing ambiguities regarding tax payment has come. We end up spending extra on software’s and preparers because of the same.

    Reply
  6. Kelly says:
    January 20, 2011 at 5:29 pm

    Brittany is our winner!

    Reply
  7. Keith Gormezano, Certified QuickBooks ProAdvisor says:
    January 21, 2011 at 12:42 am

    What’s even funnier is that I tried out several different online tax preparation web sites and TurboTax 2009 with some adjustments for tax breaks that no longer exist using my 2010 income and deductions.

    I got six completely different results. One said I owed nothing based on my withholding. The others said I owed an additional $600-2,300.

    Reply
  8. Arielle says:
    January 21, 2011 at 4:20 am

    Congratulations Brittany!

    Reply
  9. Carrie says:
    May 30, 2011 at 4:43 am

    Why shall a taxpayer be responsible for a law-question that the government themselves dont understand!

    Reply

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