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Started By
Message
63% of new IRS audits were on folks making less than $200K.
Posted on 5/10/24 at 9:19 am
Posted on 5/10/24 at 9:19 am
16
Posted on 5/10/24 at 9:23 am to Crimson Wraith
Of course they are. That's where the bulk of the income sits in the US; between $50k and $200k.
Posted on 5/10/24 at 9:25 am to Crimson Wraith
count me in.
Posted on 5/10/24 at 9:28 am to Crimson Wraith
I’d rather see the money be spent on something other than a lot of new IRA salaries, but I’m not worried about being audited. Why are you?
Posted on 5/10/24 at 9:30 am to BawtHouse
quote:
I’d rather see the money be spent on something other than a lot of new IRA salaries, but I’m not worried about being audited. Why are you?
Who said anything about being worried about being audited?
You don’t have to be worried about an audit to think it’s fricking bullshite that they’re targeting middle class families.
Posted on 5/10/24 at 9:31 am to Crimson Wraith
easy solution, flat tax...
No Audits
No IRS Agents
Make the 47% of individuals who pay 0 dollars in federal taxes pay their fair share
No Audits
No IRS Agents
Make the 47% of individuals who pay 0 dollars in federal taxes pay their fair share
Posted on 5/10/24 at 9:31 am to Crimson Wraith
Listen, Fat. $400,000 and above. That’s not a joke….
Posted on 5/10/24 at 9:31 am to BawtHouse
quote:
I’d rather see the money be spent on something other than a lot of new IRA salaries, but I’m not worried about being audited. Why are you?
You're a fool. You may have the utmost confidence in the accuracy of your tax filings and then you'll be shocked at the shite the IRS can find with their fine tooth comb.
Posted on 5/10/24 at 9:33 am to BawtHouse
quote:
but I’m not worried about being audited. Why are you?
They will always find something when they audit you.
Posted on 5/10/24 at 9:35 am to TDTOM
i wonder what % of new audits were of each particular political party.
Posted on 5/10/24 at 9:35 am to BawtHouse
They can audit me all they want.
Biden lied, that was the point lefty.
Biden lied, that was the point lefty.
Posted on 5/10/24 at 9:36 am to Crimson Wraith
but mean tweets
Posted on 5/10/24 at 9:37 am to Crimson Wraith
Let’s not pretend the 87k new agents were only wanted by the Democrats plenty of Republicans voted for this as well.
We need to clean house in the Republican Party before we can focus on the Dems.
We need to clean house in the Republican Party before we can focus on the Dems.
Posted on 5/10/24 at 9:41 am to Crimson Wraith
would RFK Jr. halt this?
but but but Trump is the clot king and ummm RFK Jr. is great ummmm Meatball is thee Man pro life, RFK Jr. is thee Man killing babies after birth-love from roadgator
but but but Trump is the clot king and ummm RFK Jr. is great ummmm Meatball is thee Man pro life, RFK Jr. is thee Man killing babies after birth-love from roadgator
Posted on 5/10/24 at 9:51 am to BawtHouse
quote:
I’d rather see the money be spent on something other than a lot of new IRA salaries, but I’m not worried about being audited. Why are you?
Lol……..Tell us you’ve never owned or operating anything without telling us you’ve never owned or operated anything
Posted on 5/10/24 at 9:55 am to BawtHouse
quote:
I’d rather see the money be spent on something other than a lot of new IRA salaries, but I’m not worried about being audited. Why are you?
Yep, you're a dumbass. Grats. You have no idea what the point of this thread is because you're an idiot.
Yeah, I'm done being polite to you morons.
Posted on 5/10/24 at 9:55 am to Flats
Small businesses where owners pull in under $200k in personal income are low-hanging fruit for the IRS and these same people are typically easy to intimidate if they aren't using a good CPA and/or tax attorney to help guide them on their investments in the business and how to properly manipulate the business to maximize LEGAL use of funds in certain questionable, but legal, strategies.
The IRS would love to go after bigger fish, but that won't produced immediate results. That takes years and lawyers and courts.
Joe's Landscape, Construction and Cleaning business, though, are pretty easy pickin's that'll bring in dollars, and this government needs dollars.
The IRS would love to go after bigger fish, but that won't produced immediate results. That takes years and lawyers and courts.
Joe's Landscape, Construction and Cleaning business, though, are pretty easy pickin's that'll bring in dollars, and this government needs dollars.
Posted on 5/10/24 at 9:56 am to BawtHouse
quote:
but I’m not worried about being audited. Why are you?
Audits are random... like if traffic stops were just based on "pull over every 25th car that passes today to make sure they are in compliance with everything, and make sure people know they could be pulled over randomly so they need to follow the rules." Airport security kind of works on that same premise, apparently... if you have TSA Pre-check you still get put into the regular line randomly when the computer hits a certain number of passengers (it happens to my wife for some reason almost every other time we fly) and someone told me even the Xray machine just tells them to pat down people on certain intervals when nothing gets scanned, just as a psychological thing to keep people in line.
But if you're an ambitious agent that wants to move up the chain, how do you do that? Probably by finding things to cite people on, right?
And the vast majority of the US falls into the "less than $200K households" so of course that's who will be audited the most. That's the group who will be most of any random selection.
There is a way to remove yourself from the audit pool... file an extension so you can file your return late. I was told this by an accountant... when I asked if they red flag people who file extensions every year, he said not that he has noticed.
Posted on 5/10/24 at 10:04 am to HubbaBubba
quote:
The IRS would love to go after bigger fish, but that won't produced immediate results. That takes years and lawyers and courts.
Joe's Landscape, Construction and Cleaning business, though, are pretty easy pickin's that'll bring in dollars, and this government needs dollars.
this. most of the rich people didn't get there by paying the maximum amount of taxes.
send Joe Plumber a notice he owes an extra $5k and he'll make pay to make it go away. send Elon or Buffet that notice and he'll throw lawyers at it.
they didn't hire thousands of new agents to go after a few thousand millionaires. they hired them to go after easy pickings.
This post was edited on 5/10/24 at 10:06 am
Posted on 5/10/24 at 10:06 am to BawtHouse
BawtHouse
Member since Dec 2021
184 posts
Post less, like a lot less...
Member since Dec 2021
184 posts
Post less, like a lot less...
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