A Paralyzing Fear of Filing Taxes

Sunday, April 12, 2009, 7:04 AM | 5 Comments

New York Times Online ran a story “A Paralyzing Fear of Filing Taxes” By Charles DelaFuente Published: April 11, 2009. Charles states that

Call it fear of filing. It afflicts normal-looking people who function well in other facets of their lives. The symptoms include failing to file tax returns for years on end and squirreling away unopened letters that carry the return address of the Internal Revenue Service.

Some of these taxpayers, of course, may not have enough money to pay what they think they owe. Perhaps they figure they won’t be missed among the roughly 150 million individual returns expected to be filed this year.

Others have more than enough to pay what they might owe. And many would actually get refunds. The I.R.S. estimated last year that refunds totaling $1.2 billion awaited 1.3 million people who failed to file a return in 2004.

Paralyzing Fear

The best thing to do is “Prepare to File” all year long. I save all my receipts that can have some effect on my taxes – whether they actually have or not – in a shoe box.

Most tax filers have simple and straightforward income and liabilities.

You can use a free tax software package for your Federal tax return. I have been using Tax Act software for more than 5 years. It is very simple to use.

You are welcome to use any Tax Software To Help You Do Your Taxes.

I have written other articles like Understand basics of your income tax return. For more articles, click on taxes.

In a Nutshell
I don’t like to file my tax return but I am not afraid to do so. These days several tax software packages are available online and they make it quite easy to file.

Read the NY Times article in full: A Paralyzing Fear of Filing Taxes.

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