What’s it like? Seems like if you filed your taxes the Internal Revenue Service would have all the information they need on you. So, do they find something on you or do they audit you looking for something? I’m sure a lot of us will be finding this out in the near future.
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Basically you file on an honor system and being audited is them looking into your honor. Every year you're name could get drawn to be audited, except there's no point cubing. Lots of people go their whole life without being audited, some are audited multiple times. This is for individuals, businesses are likely different. Mom worked with the IRS for a while and explained it all to me when I was 18, I didn't retain most of what she said
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My buddy makes millions of income a year. He got audited. They sent an auditor to him to go through a bunch of stuff in person. Guy was there so long my buddy set him up with his own office. When they got done going through all his crap they figured that the IRS actually owed him some money back. Lol.
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Well, we’ve always payed our taxes and have been honest about it. But, y’all remember what Lois Lerner did to conservatives. And nothing ever happened to her. It’s the current corruption that concerns me, and knowing that they are gonna crush the middle class making us pay for the green new deal.
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I got audited one time about 30 years ago when I was still doing my own taxes. It went well and I passed with no issues. About a month later I got a letter from the IRS saying that since I didn’t show up for the audit (?!) they were starting the collection process, basically disallowing all my write offs and deductions plus penalties. I spent three days trying to get someone on the phone to no avail - when I did get a human on the line they were no help and twice they hung up on me in mid sentence. Then one day my boss called me in to tell me home office got a notice to start garnishing my wages. I hired a local tax attorney who got it cleared up but it was expensive and a real mess. I didn’t get back the garnished paychecks either- it was counted as a tax credit for the next year.
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Originally posted by jerp View PostI got audited one time about 30 years ago when I was still doing my own taxes. It went well and I passed with no issues. About a month later I got a letter from the IRS saying that since I didn’t show up for the audit (?!) they were starting the collection process, basically disallowing all my write offs and deductions plus penalties. I spent three days trying to get someone on the phone to no avail - when I did get a human on the line they were no help and twice they hung up on me in mid sentence. Then one day my boss called me in to tell me home office got a notice to start garnishing my wages. I hired a local tax attorney who got it cleared up but it was expensive and a real mess. I didn’t get back the garnished paychecks either- it was counted as a tax credit for the next year.
If the IRS were liable for lawyer fees and returning improperly seized funds (PLUS INTEREST) it would stop a lot of that. Especially if the specific person who dropped the ball was punished somehow for it.
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Originally posted by IkemanTX View PostIf the IRS were liable for lawyer fees and returning improperly seized funds (PLUS INTEREST) it would stop a lot of that. Especially if the specific person who dropped the ball was punished somehow for it.
Sent from my iPhone using Tapatalk
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Didn't someone with a beef fly a plane into the IRS building in Austin not too long ago?
Didn't John Hancock warn us about this 246 years ago?
Look where we are now after creating this country from a imposed 3% tax on tea.
Poison is being force fed. Either take it or you will be declared a domestic enemy and face the microscope up yer behind until they find something.
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