I got audited two years in a row. During the Carter presidency, I actually managed to save a couple grand and put it in CDs. The interest rate on them was 19%! Then reagan happened. I got audited because they said my tax refund was too big. No wrongdoing was discovered, so they admonished me to claim myself as a dependent. OK, fine. The next year they audited me internally, unbeknownst to me until I got the letter after the fact. Again, no wrongdoing, but it sure felt punitive, like they knew who I voted for or something. I was no kind of high roller, either. I was making roughly $20K per year.
I got to use the IRS' Direct File for 2023 taxes because I live in one of the states that doesn't have a state income tax nor was I itemizing deductions. I hope it expands nationwide next year because it was so easy to use, the instructions were clear, simple examples to follow were provided, and it was free to file. 10/10 would recommend to a friend. Never thought I would have something positive to say about the IRS, but here we are.
Blech! I never eat the rich! They are nothing but gristle and bone! 🤮 I like taking their money though...those greens add more roughage to the economy to make it run better! 🥗
Hey if the rich people are obeying all the tax laws, they should should not have any objection to the increased scrutiny. Surely all of those tough on crime Republicans would not have any objection to the increased law enforcement in this matter. What's that? They want to repeal it all?
I am an estates paralegal and have dealt with the IRS for many years. If you show good faith, they will work with you. You just have to understand that they have many checks and balances to keep things on the straight and narrow. They desperately need new computers and more people. I am happy to see Old Handsome is taking care of this.
A complete rewrite of the tax code really needs to happen to prevent these greedy cheaters from cheating in the first place. An ounce of prevention is worth a pound of cure.
It was Reagan who originally started this BS. He came out and announced it publicly that they were going to go after the poor because it saved money on lawyers.
I sure see a lot of admission of the harm around these parts, but you have to acknowledge, it became Morning in America once the government was no longer coming around to help you. After all, Jimmy Carter was history's greatest monster!
And this is exactly why the GQP was so intent on defunding the IRS, and still managed to claw back some of the original $80 billion, and why they kept spreading the lie that the additional funding was all for new agents who would be knocking on the doors of the little guy. They don't want rich people to be audited, because how could they campaign?
IIRC, what they clawed back was at the end of the 10-year funding, so nothing was lost at the front end. I think it was $8B/yr. All we have to do to fix that is get the trifecta going forward.
I got audited two years in a row. During the Carter presidency, I actually managed to save a couple grand and put it in CDs. The interest rate on them was 19%! Then reagan happened. I got audited because they said my tax refund was too big. No wrongdoing was discovered, so they admonished me to claim myself as a dependent. OK, fine. The next year they audited me internally, unbeknownst to me until I got the letter after the fact. Again, no wrongdoing, but it sure felt punitive, like they knew who I voted for or something. I was no kind of high roller, either. I was making roughly $20K per year.
Ta, Dok. Nice Times!!
I got to use the IRS' Direct File for 2023 taxes because I live in one of the states that doesn't have a state income tax nor was I itemizing deductions. I hope it expands nationwide next year because it was so easy to use, the instructions were clear, simple examples to follow were provided, and it was free to file. 10/10 would recommend to a friend. Never thought I would have something positive to say about the IRS, but here we are.
I remember getting audited when I was a college student. It was nuts.
I mean, we'll see.
Blech! I never eat the rich! They are nothing but gristle and bone! 🤮 I like taking their money though...those greens add more roughage to the economy to make it run better! 🥗
Hey, I'm ecstatic about this. Not a phrase I'd thought I'd ever type, but yeah.
I know I'm very late to the party here, but I think people in the top 1% should be audited every year as a standard practice.
But it’s harder to audit rich people! Because they have all that money and stuff
Hey if the rich people are obeying all the tax laws, they should should not have any objection to the increased scrutiny. Surely all of those tough on crime Republicans would not have any objection to the increased law enforcement in this matter. What's that? They want to repeal it all?
They'll be even bigger "Job Creators", they'll all be accounting jobs but jobs none the less. I offing hate that term.
"If you've done nothing wrong, you have nothing to fear".
I mean we all know that was a bunch of bs, but the whole petard hoisting thing does bring some satisfaction
I am an estates paralegal and have dealt with the IRS for many years. If you show good faith, they will work with you. You just have to understand that they have many checks and balances to keep things on the straight and narrow. They desperately need new computers and more people. I am happy to see Old Handsome is taking care of this.
I had 2 faux pas with the Revnoors but got them settled while I was still working. Quite fairly I may say.
Now I hopefully won't cash out sooner than I want. I won't unless I need something big.
I mean when I go sit on a cloud and play a harp. Does Heaven have WiFi?
Heaven only has a single shared DSL connection.
Hell has several multihomed 40Gb/s DIA circuits.
Uncle Milburn, though very grateful for the information, I'm ... cautiously curious as to how you know all this
I read Electoral-Vote.com every morning first thing.
😁
I have waited all my life for an audit. I
A complete rewrite of the tax code really needs to happen to prevent these greedy cheaters from cheating in the first place. An ounce of prevention is worth a pound of cure.
As I said up thread, logic and the tax code have very little to do with each other.
Did I say otherwise? I don't think so. I was merely pointing out something that seldom gets pointed out🤷♀️
It was Reagan who originally started this BS. He came out and announced it publicly that they were going to go after the poor because it saved money on lawyers.
Raygun put a tax on social security. For that he is rotting in hell.
When is anyone going to admit the major harm that B actor did to this country? Hope he burns in hell.
Was just ranting about that upthread
Stock buybacks, ending of the 21% progressive tax rate ...
I sure see a lot of admission of the harm around these parts, but you have to acknowledge, it became Morning in America once the government was no longer coming around to help you. After all, Jimmy Carter was history's greatest monster!
Pardon me, I have to vomit now.
I now always envision Jimmy Carter in the saving the Enterprise at the cost of his own life whenever I think of the Wrath of Khan.
And this is exactly why the GQP was so intent on defunding the IRS, and still managed to claw back some of the original $80 billion, and why they kept spreading the lie that the additional funding was all for new agents who would be knocking on the doors of the little guy. They don't want rich people to be audited, because how could they campaign?
IIRC, what they clawed back was at the end of the 10-year funding, so nothing was lost at the front end. I think it was $8B/yr. All we have to do to fix that is get the trifecta going forward.