So I'm gathering my tax info and I go to the IRS web site to get info on forms and instructions (F&I).
I pull up the page that has all of those and I notice that the number of F&I entries is 1129. I don't know about you, but don't you think that 1129 is a bit excessive? No wonder the tax laws are so obfuscating!
I decided to pull up some of the forms for your interest. After reading the descriptions I decided to look at the 8000 series to find the most outrageous and ridiculous forms but there were two others that I just couldn't pass up.
Here goes:
4563 Exclusion of Income for Bona Fide Residents of American Samoa
8233 Exemption From Withholding on Compensation for Independent (and Certain Dependent) Personal Services of a Nonresident Alien Individual
8332 Release/Revocation of Release of Claim to Exemption for Child by Custodial Parent
8615 Instructions for Form 8615, Tax for Certain Children Who have Investment Income of More Than $1,900
8820 Orphan Drug Credit
8857 Request for Innocent Spouse Relief
8886-T Disclosure by Tax Exempt Entity Regarding Prohibited Tax Shelter Transaction
8914 Exemption Amount for Taxpayers Housing Midwestern Displaced Individuals
13751 Waiver of Right to Consistent Agreement of Partnership Items and Partnership-Level Determinations as to Penalties, Additions to Tax, and Additional Amounts
Now, as you are laughing or shaking your head in dismay, consider this----you own a major corporation and you have to hire lawyers conversant in some of this crap and those costs are passed on to customers. The IRS has to hire a expert in Orphan Drug Credits and those costs are passed to us taxpayers. Do you think that tax reform might possibly help the overall economic situation? D'ya think?
This is completely and utterly OUT OF HAND!!!!
A4Driver
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