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A Tax Complex


How are you coping with paying taxes?

Having a healthy aversion to filing taxes is completely natural. Failing to file them for nine years, on the other hand, is highly illegal. The case against actor Wesley Snipes-who over the course of nine years failed to pay taxes on $38 million of personal income-is just the latest and most high-profile example of chronic tax evasion, a financial pathology affecting not just the lazy, but also those who firmly believe that the US tax code is itself illegal.

While the sane among us accept that taxes are in fact legal, we have every right to complain about how complex they've become. Over the past 20 years, Congress has made over 15,000 changes to the tax code. 66,000 pages of text are required to explain the system. 100 new tax forms have been introduced in just the past six years.

It's no wonder that over 60% of Americans look to accountants when it comes time to file. Millions flock to the ever popular H&R Block (HRB) and Jackson Hewitt Tax Service (JTX). And for those who prefer help in the comfort of their own homes, Intuit's (INTU) TurboTax software remains highly popular.

But if you're looking for an even cheaper way to solve your tax questions, there are alternatives. Start by checking out the IRS website, or call its toll free number at 1-800-829-1040. Or better yet, let Hoofy and Boo show you the way…
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