Let’s get one thing straight, filing income taxes is not easy. If it were we wouldn’t be paying professional tax preparers, at a minimum, $188 for the most basic forms. Naturally, the prices go up for those who started a new business, reported multiple streams of income, or want to itemize.
Sadly, it’s about to get even more complicated. The Coronavirus outbreak has not only devastated our daily lives while putting pressure on our health care system, but it is now becoming increasingly apparent that it might make the tax season a whole lot worse for a majority of Americans.
Add that on top of long-standing issues with the IRS and you’ve got a recipe for disaster. The best thing you can do is be prepared and hope for the best but ultimately expect the worst.
Luckily, the filling and payment deadlines have been extended to July 15th, so you’ll have a little bit more time on your hands to prepare.
Here are our 23 reasons why filing taxes in 2020 will be nightmarish.