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Message
re: 63% of new IRS audits were on folks making less than $200K.
Posted on 5/10/24 at 9:55 am to Flats
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.
5
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 11:04 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.
The IRS will focus on street level Americans and the guppies. The bigger fish are part of the US Corporatocracy and they're also the bulk of the donor class.
Posted on 5/10/24 at 11:52 am to HubbaBubba
quote:
Small businesses where owners pull in under $200k in personal income are low-hanging fruit for the IRS
The IRS knows that this group is statistically the most likely to be the tax cheats that deduct all kinds of personal shite on their tax returns.
These "business owners" need to be audited and punished for breaking the law.
Why do you support the blatant breaking and abuse of the law?
Muh middle class is the loudest bunch of entitled whiny fricks in this country.
This post was edited on 5/10/24 at 12:03 pm
Posted on 5/10/24 at 11:52 am to HubbaBubba
quote:
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.
Ding ding ding. This right here.
Posted on 5/10/24 at 2:54 pm to HubbaBubba
quote:Yup.
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.
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