Why you need to file even if the IRS already knows your income

Name: Why you need to file even if the IRS already knows your income
Uploaded: 2026-08-06T19:18:53.340Z
Duration: 52 s
Description: The IRS gets your W-2s and 1099s too, and their computer will file for you without any deductions if you don't.

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Think the IRS already has your info, so why bother filing? TJ explains what actually happens when their computer does a return for you — and why it's especially costly if you have 1099 income. Plenty of people just pay the bill that shows up without realizing they didn't have to.

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