New IRS $600 Tax Rule For 2022 - Be Prepared This Tax Season

DerekJohnson

https://www.youtube.com/watch?v=92sX4kS5XNQ

WestlinnDuck

What a cluster phuck. You will need the 87,000 IRS agents to handle the paperwork this will generate and the tax revenue raised won't cover the loaded wage costs of these insects. If we had a working MSM this dem proposal and the 87,000 additional IRS agents would have made them a laughingstock. But our mythical MBA was more concerned about Herschel Walker and the threat he posed to American small businesses.

HHusky

None dare oppose me!

(Did you see what I did to Herschel?)

WestlinnDuck

Got an anti-American POS slum lord who ran over his wife elected? Nice work. He will help seal the border, get American energy production back up and running, keep the schools open and get our kids educated and stop the growth of crime and homelessness. Philly will become an economic haven like South Florida.

Blu82

Do your best to avoid triggers. Like avoiding CTRs.
Do all you can to use cash in spite of the cabal's efforts to eliminate cash.
As a victim of four full blown IRS audits I learned a number of behaviors to remain off of their radar. Four audits and I paid them $410 in total. The IRS had to have spent $40K in their attempt to prosecute me. It cost me $12K.
Your tax dollars at work.

WestlinnDuck

Blu82 said:

Do your best to avoid triggers. Like avoiding CTRs.
Do all you can to use cash in spite of the cabal's efforts to eliminate cash.
As a victim of four full blown IRS audits I learned a number of behaviors to remain off of their radar. Four audits and I paid them $410 in total. The IRS had to have spent $40K in their attempt to prosecute me. It cost me $12K.
Your tax dollars at work.

Too many/most IRS agents have no common sense and neither do their alleged supervisors. They will battle over issues they have no chance of winning because they "feel" that taxpayer is hiding something. I constantly was dealing with agents auditing a publicly traded companies with SEC filed audited 10-Ks on income recognition issues. The whole point of an audit by a Big 4 accounting firm is to make sure that a company is not overreporting revenue to jack up their stock price. Those companies have no incentive to underreport revenue to save some taxes they are going to have to pay anyway.

Had audits stretching for years that could have been settled in a couple of months.

Blu82

WestlinnDuck said:

Blu82 said:

Do your best to avoid triggers. Like avoiding CTRs.
Do all you can to use cash in spite of the cabal's efforts to eliminate cash.
As a victim of four full blown IRS audits I learned a number of behaviors to remain off of their radar. Four audits and I paid them $410 in total. The IRS had to have spent $40K in their attempt to prosecute me. It cost me $12K.
Your tax dollars at work.

Too many/most IRS agents have no common sense and neither do their alleged supervisors. They will battle over issues they have no chance of winning because they "feel" that taxpayer is hiding something. I constantly was dealing with agents auditing a publicly traded companies with SEC filed audited 10-Ks on income recognition issues. The whole point of an audit by a Big 4 accounting firm is to make sure that a company is not overreporting revenue to jack up their stock price. Those companies have no incentive to underreport revenue to save some taxes they are going to have to pay anyway.

Had audits stretching for years that could have been settled in a couple of months.

It is the personal returns they will be coming after.
That's where the new staffing will find the ROI to justify their existence. Costs of finding the new dollars will not be a consideration.

USMChawk

Blu82 said:

WestlinnDuck said:

Blu82 said:

Do your best to avoid triggers. Like avoiding CTRs.
Do all you can to use cash in spite of the cabal's efforts to eliminate cash.
As a victim of four full blown IRS audits I learned a number of behaviors to remain off of their radar. Four audits and I paid them $410 in total. The IRS had to have spent $40K in their attempt to prosecute me. It cost me $12K.
Your tax dollars at work.

Too many/most IRS agents have no common sense and neither do their alleged supervisors. They will battle over issues they have no chance of winning because they "feel" that taxpayer is hiding something. I constantly was dealing with agents auditing a publicly traded companies with SEC filed audited 10-Ks on income recognition issues. The whole point of an audit by a Big 4 accounting firm is to make sure that a company is not overreporting revenue to jack up their stock price. Those companies have no incentive to underreport revenue to save some taxes they are going to have to pay anyway.

Had audits stretching for years that could have been settled in a couple of months.

It is the personal returns they will be coming after.
That's where the new staffing will find the ROI to justify their existence. Costs of finding the new dollars will not be a consideration.

My 2020 taxes have been audited since this last summer. It started with us providing them exactly what they asked for and them denying it, for a reason other than what they asked me to provide. I then provided them that proof that they were still wrong, and in fact found an error on my 2021 taxes that resulted in a further return of $530.00. They gave themselves until the beginning of this month to review my last submissions but I have yet to hear my case has been closed.

I haven’t done my own taxes in decades so they can fuck off. I do resent having to pay my CPA additional money to defend my return though.

Kaepsknee

I got audited once many moons ago and it was over a whole $1200. I didn’t owe it. But I went ahead and paid it. For the next 6 months, I continued to receive threatening emails.

They ended up sending $900 back out of the blue like 2 years later.

WestlinnDuck

USMChawk said:

Blu82 said:

WestlinnDuck said:

Blu82 said:

Do your best to avoid triggers. Like avoiding CTRs.
Do all you can to use cash in spite of the cabal's efforts to eliminate cash.
As a victim of four full blown IRS audits I learned a number of behaviors to remain off of their radar. Four audits and I paid them $410 in total. The IRS had to have spent $40K in their attempt to prosecute me. It cost me $12K.
Your tax dollars at work.

Too many/most IRS agents have no common sense and neither do their alleged supervisors. They will battle over issues they have no chance of winning because they "feel" that taxpayer is hiding something. I constantly was dealing with agents auditing a publicly traded companies with SEC filed audited 10-Ks on income recognition issues. The whole point of an audit by a Big 4 accounting firm is to make sure that a company is not overreporting revenue to jack up their stock price. Those companies have no incentive to underreport revenue to save some taxes they are going to have to pay anyway.

Had audits stretching for years that could have been settled in a couple of months.

It is the personal returns they will be coming after.
That's where the new staffing will find the ROI to justify their existence. Costs of finding the new dollars will not be a consideration.

My 2020 taxes have been audited since this last summer. It started with us providing them exactly what they asked for and them denying it, for a reason other than what they asked me to provide. I then provided them that proof that they were still wrong, and in fact found an error on my 2021 taxes that resulted in a further return of $530.00. They gave themselves until the beginning of this month to review my last submissions but I have yet to hear my case has been closed.

I haven’t done my own taxes in decades so they can fuck off. I do resent having to pay my CPA additional money to defend my return though.

Now imagine 87,000 more termites helping to build the nation's economy.

DoogieMcDoogerson

The funny thing about all this in my mind, isn't this going to disproportionately affect younger people (who are more prone to be liberal). Most conservatives have real jobs.

WestlinnDuck

DoogieMcDoogerson said:

The funny thing about all this in my mind, isn't this going to disproportionately affect younger people (who are more prone to be liberal). Most conservatives have real jobs.

It will effect small businesses that use payment services to sell goods and services - like HardCore Husky. Scoop up some Ebay companies and some underground cash businesses, like home repair and landscaping. Will have no real impact on big business which are reporting their revenue. IRS already has a hard time collecting delinquent taxes from small businesses and individuals who usually settle for a fraction of the amount due.