Started By
Message

re: Well. I got my IRS letter.

Posted on 10/26/22 at 8:30 pm to
Posted by cbtullis
Atlanta
Member since Apr 2004
6275 posts
Posted on 10/26/22 at 8:30 pm to
I’d love to know the percentage this year. Typically less than 0.8% get audited if they file under 500k income. That number jumps big for a million over
But I now know 3 people who have gotten a letter for 2021
Posted by TigerAxeOK
Where I lay my head is home.
Member since Dec 2016
24965 posts
Posted on 10/27/22 at 1:21 am to
quote:

Typically less than 0.8% get audited if they file under 500k income

Yeah, that was until the retards on Capitol Hill passed a bill to double the amount of eye arr ess agents.

They have realized that the big money earners have the funding to fight their BS in litigation, so they're coming after the smaller fish that are less likely to have the ability to fight.

It's the very definition of "bullying".

Making over $80,000/yr household income? Get ready to deal with the eye arr ess every year. I'm in this category now and I've already consulted with my CPA about changes that will affect me starting in 2023 since I'm now an LLC owner as well as a full time employee of a national company. I'll be damned if I end up under the thumbs of these greedy Nazi thieves. They'll already be getting around 55% of my small business income if I just save it, so we're determining legal ways to invest back into the business and tell the eye arr ess to pound sand.
Posted by StPeteLSU
St Petersburg, FL
Member since Oct 2011
1940 posts
Posted on 10/27/22 at 5:53 am to
Got my letter a few weeks ago. Mine is complicated somewhat but what they went after was 4 different 1099’s they say were not reported. However they were if they had looked more into detail. When you add 4 together you get a total which was the revenue generated. They couldn’t figure that out. My cpa issued a response and I just got the letter back they received it and will respond within months
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram