Blog: Prepare Your Own Taxes! Are you prepared to spend almost a full day filling out your tax return? And
we're talking a 24-hour period, not a standard eight-hour work day. That's the Internal Revenue Service's estimate of how long it will take the average taxpayer to complete Form 1040.
Sure, that includes the time it takes to pull together and sort through all your tax receipts and records, learn about the Form1040, decipher its instructions, copy the completed form and send it in. But even discounting these ancillary duties, the IRS figures it still will take more than five hours just to fill out this most popular income tax return.
If you have additional schedules or tax credits to file, you might be measuring your tax time by the calendar instead of the clock. (taken from: money.msn.com)
we're talking a 24-hour period, not a standard eight-hour work day. That's the Internal Revenue Service's estimate of how long it will take the average taxpayer to complete Form 1040.
Sure, that includes the time it takes to pull together and sort through all your tax receipts and records, learn about the Form1040, decipher its instructions, copy the completed form and send it in. But even discounting these ancillary duties, the IRS figures it still will take more than five hours just to fill out this most popular income tax return.
If you have additional schedules or tax credits to file, you might be measuring your tax time by the calendar instead of the clock. (taken from: money.msn.com)
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