Dixon Cannon
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nobodyspecial said:My personal view is I wouldn't follow the above line of crap for love or money. Eventually the IRS catches up with those following this logic and they end up paying large penalties at best or going to jail at worst.
My experience has been that any "professional" that earns his living by doing the "individual self-assessment" for others will undoubtedly interpret that information to call for a long and complicated return with various warnings, caveats, and exemptions, thus assuring the return (repeat business) of the individual to repeat the process again next year and the next. This is of course why the plethora of "tax professionals", certified accountants, enrolled agents, etc, etc, etc. All beneficiaries of the scheme through the selling of "services" to those confused and confounded by the Code.
Any attempt to unleash oneself and to understand and act is tantamount to mutiny and self-determination, equivolent to a mere passenger attempting to fly the jet - "how dare you think you have the skill, knowledge or ability to do my job of running your life!?"... "get back in coral you maverick!"
The fact of the matter is that a great many self-determined individuals do their own "assessment" each year, determine their tax liability, "voluntary comply" with the tax laws so as to receive a complete and total refund of erroneously withheld earnings each and every year. The totals of complete refunds stands today at some $3m and counting.
For those stuck in the paradigm of the past, where only a few annointed could possibly understand the law, read the law and assess liability for a "taxpayer" in the quiet confines of a paneled office, it is difficult to realize that there has been a shift. The internet has changed everything! One can discuss their financial situation in real time with someone elsewhere and receive up-to-the-minute answers and advice for FREE. The IRS Code is digitized and searchable by any layman who can now, themselves, determine how and where they may be liable for any tax - or not.
I encourage anyone, including vested, entrenched "professionals" to learn for themselves how or if the IRC applys to you and your current financial situation. Maybe it does. But, just maybe, it doesn't. Many, many American citizens are discovering that it doesn't and they've been getting erroneous advice, assistance and "services" needlessly for years.
A good reading of the essay "Why It Matters" on my blog is, though shocking, quite informative and eye-opening. Don't be afraid to learn something (Old!) new.
-dixon cannon