LogFAQs > #959416351

LurkerFAQs, Active DB, DB1, DB2, DB3, DB4, DB5, DB6, DB7, DB8, Database 9 ( 09.28.2021-02-17-2022 ), DB10, DB11, DB12, Clear

Topic List	Page List: 1
Topic	FEDS/IRS backs down on plan for Banks to report Accounts with $600...
Cacciato 10/26/21 6:36:33 PM #27:	streamofthesky posted... Apparently the IRS hasn't finished auditing Trump's taxes yet after like 5+ years, and these geniuses think they have the manpower to basically monitor every American, lol How about they focus on actually auditing all of the top 1% and then they can talk about looking into fucking $600 transactions? Thats the thing, and this information is outdated because of when I went to school, but when I took my Tax Accounting class my professor (who worked for the IRS for 20 years before private practice) straight up said they dont have the manpower anymore to audit more than 3-4% of tax payers a year. Basically your information gets dumped into a computer and of it gets flagged then thats how they determine auditing processes for the most part. Edit: that was 2016. Even the $10,000 change isnt great unless they limited it only an excess of wages. Because even at that point it seems like an unnecessary invasion of privacy. <cite>Cacciato posted [p:959416351] in FEDS/IRS b... [t:79718472]...</cite> <quote>streamofthesky posted... </cite> <quote>Apparently the IRS hasn't finished auditing Trump's taxes yet after like 5+ years, and these geniuses think they have the manpower to basically monitor every American, lol How about they focus on actually auditing all of the top 1% and then they can talk about looking into fucking $600 transactions?</quote>Thats the thing, and this information is outdated because of when I went to school, but when I took my Tax Accounting class my professor (who worked for the IRS for 20 years before private practice) straight up said they dont have the manpower anymore to audit more than 3-4% of tax payers a year. Basically your information gets dumped into a computer and of it gets flagged then thats how they determine auditing processes for the most part. Edit: that was 2016. Even the $10,000 change isnt great unless they limited it only an excess of wages. Because even at that point it seems like an unnecessary invasion of privacy. </quote> ... Copied to Clipboard!
Topic List	Page List: 1