Roger, at Cornell University they have an incredible piece of scientific equipment known as the tunneling electron microscope. Now, this microscope is so powerful that by firing electrons you can actually see images of the atom, the infinitesimally minute building blocks of our universe. Roger, if I were using that microscope right now… I still wouldn’t be able to locate my interest in [Intuit’s] problem.
I hired a professional to do my 2022 taxes. I had finally gotten access to an IRA that I inherited from my mother. She passed in 2014. Reading through the rules on inheriting IRAs, I knew I had missed RMD withdrawals, but I couldn’t find satisfactory answers on how much I needed to pay. The pros were able to calculate that for me and told me the amount to withdraw. They also drafted a letter to the IRS explaining the situation and asking that I be excused the penalty for missed RMDs. I got a letter back from the IRS in February accepting the explanation.
I might accept the premise that inflation is higher than officially reported, but I don’t accept the relevance of your evidence in support of that premise.