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Posted on 4/29/24 at 10:24 pm to Tchefuncte Tiger
quote:
Perhaps, but there are plenty of W2 wage earners who make well over $200K.
We are talking about audit rates or otherwise the risk of someone not receiving a timely refund.
If what is reported to the IRS matches your return, there isn’t anything to audit. This conversation has nothing to do with how much you can make on W2
This post was edited on 4/29/24 at 10:26 pm
Posted on 4/29/24 at 10:27 pm to OceanMan
IF you made a contribution to a certain party, could be the reason.
Posted on 4/29/24 at 10:51 pm to FMtTXtiger
Pay your taxes loser. We all do it. It keeps our military the best in the world. Don't be a whiny a-hole because you can't budget your finances.
Posted on 4/29/24 at 10:59 pm to CXSteve
quote:
Pay your taxes loser. We all do it. It keeps our military the best in the world.
Ok simp
Posted on 4/30/24 at 12:01 am to roadGator
Back in the late 70's and early 80's my dad and his business were audited 7 straight years. My dad was a good guy, but thank God my mom was an excellent bookkeeper and they always had a good CPA to make sure he stayed inside legal boundaries but took advantage of every legal loophole he could. Each year the government owed my dad a refund and I guess they decided to leave him alone after that and never audited him again.
His advice: never take every deduction you can take, but always know it's there and documented if you need it.
His advice: never take every deduction you can take, but always know it's there and documented if you need it.
Posted on 4/30/24 at 4:31 am to keakar
quote:
i would guess its 99.99999999% only republicans getting these letters
And/or Trump voters.
Posted on 4/30/24 at 5:14 am to ChatGPT of LA
quote:
You ain't doing it right brah
As a W-2 employee?
Posted on 4/30/24 at 5:30 am to DesScorp
quote:
These things are always sold as “making the rich pay their fair share”, but it’s always the middle and working classes that they go after.
Mainly because the rich have high powered accounting firms to handle these notices and bitch slap the IRS all over the place. It’s even worse for the IRS if the firm didn’t make an aggressive tax play.
Spent the first few years of my career responding to the IRS for clients and worked them over pretty much every time.
So the answer is target those that don’t have the funds to have a firm handle them.
Posted on 4/30/24 at 8:49 am to SlowFlowPro
quote:
don't think those IRS agents have been hired yet. I think the IRS is fricking up returns somehow and using this as cover to delay them.
You have too much faith in govt
Posted on 4/30/24 at 9:05 am to cuyahoga tiger
quote:don’t forget your withholding amigo.
I wrote those wasteful bastards a check for $7k this year. W2 employee … I’d rather have the letter
Posted on 5/29/24 at 4:28 pm to Strannix
quote:
Update - so they owe us 7k, I got a follow up letter today, they arent disputing anything but want us to prove our W2's are real with paystubs and earnings documentation
What a clown show, they basically want to rinse our money another 2-3 months.
This post was edited on 5/29/24 at 4:34 pm
Posted on 5/29/24 at 4:34 pm to Strannix
quote:
want us to prove our W2's are real with paystubs and earmings documentation
WTF. So IRS requires employers to submit W2s, using IRS forms and methods, to prevent tax fraud, evasion, avoidance, and unpaid balances.
Then it’s the employee-taxpayer’s job to prove the authenticity of the IRS’s own forms and procedures?
They clearly need more armed agents.
Posted on 5/29/24 at 4:36 pm to McLemore
Keep in mind we do not make 400K and are straight W2 earners - nothing else.
Posted on 5/29/24 at 4:42 pm to Strannix
quote:
Update - so they owe us 7k
How does that compare to the refund/ amount due reported on the return you filed?
Posted on 5/29/24 at 4:43 pm to Strannix
quote:
want us to prove our W2's are real with paystubs and earmings documentation
Your employer is required to send IRS a copy of the w-2’s that they issued to employees, same with 1099’s. IRS is able to match what you reported to what they have on record from your employer, Is it possible your employer didn’t send W-2’s in, or IRS lost them?
Posted on 5/29/24 at 4:45 pm to Strannix
quote:
Keep in mind we do not make 400K and are straight W2 earners - nothing else.
I told my daughter as soon as she started her job after graduating from LSU to get a great accountant, lawyer, and banker. Just let them know who you are and maintain a positie relationship.
They got hammered this year with a healthy tax liability. Sometimes they have to learn from their own mistake(s).
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