Why We No Longer Fear the IRS

gpbh8nungoaljipue96oOur tax laws are complex and often difficult to understand. Tax professionals warn us of the perils of audits. Penalties for getting our taxes wrong can be stiff — up to and including jail for those who deliberately evade the taxman.

So why don’t we fear the IRS?

Clearly, we have some fears about April 15. A recent NerdWallet survey found seven out of 10 taxpayers have concerns about filing their taxes, such as making a mistake (17%), paying too much (15%) and not getting the biggest possible refund (14%).

But only 11% feared getting audited, NerdWallet found. A recent Rasmussen Reports poll put the number at 14%.

In my latest for NerdWallet, why Americans are less afraid of the IRS than they are of reptiles.

Related Posts

  • Monday’s need-to-know money news Today's top story: How small choices can have a big impact on your finances. Also in the news: 9 things that can trigger an IRS audit, how […]
  • Wednesday’s need-to-know money news Today's top story: How to talk to your kids about money. Also in the news: Shrewd ways to use your tax refund for your future, how to […]
  • An IRS impersonator just called me Here's the voicemail he left me (in a rather heavy Indian accent): "I am Jonathan Knight and I am calling you from the federal […]
  • January tune-up: Your taxes The IRS started accepting tax returns today. Perhaps some of you already knew that, and were poised with your finger over the "submit" […]