IRS plans to crack down on 1,600 millionaires to collect millions of dollars in past due taxes
WASHINGTON - The IRS announced on Friday it is launching an effort to aggressively pursue 1,600 millionaires and 75 large business partnerships that owe hundreds of millions of dollars in past due taxes.
IRS Commissioner Daniel Werfel said that with a boost in federal funding and the help of artificial intelligence tools, the agency has new means of targeting wealthy people who have "cut corners" on their taxes.
Remember this comment when they find some obscure thing that you didn't report. Did your friend pay for your lunch? Unreported income. Did you borrow money, a tool, or some other item that you didn't pay back or return as agreed? Unreported income. Did you sell something and not report the sale? You are required to report that as income. See where I'm going with this?
I have INFINITE problems with the IRS collecting what they think random people owe them. Taxation is theft. Abolish the IRS so Americans can live in peace. Not one of your fellow Americans owes you jack shit simply for being born inside imaginary lines drawn on a map by politicians .
Oh God, not you again. Last time you brought up open borders, you got a mudhole stomped in your face by people that actually knew what they were talking about. Funny you brought up the strawman argument because that's what you did bringing up restraining orders when nobody was talking about them. Now go back to hanging with your liberal open border friends, tough guy with a gun.
Matthew W, a friendly reminder that the 16th amendment was never actually properly ratified because not enough states signed on, so the collection of individual federal income tax is in fact NOT LEGAL.
Yeah, there's little to no chance the asshats in charge will write laws that they themselves would be subject too. Bribe money isn't taxable, and they've made damned sure of that. They aren't stupid, no matter how much they like to claim they are when people demand why they're not doing their jobs.
When it comes to what's announced and what happens anyone who’s taken one step forward and "volunteered" for a "sweet duty" will turn their back on that IRS proclamation.
I bet I get a nasty letter for some crap bitcoin transaction 5 years ago. I'm not a millionaire but I'll get to pay the price anyway! Same with probably everyone else.
The GAO says that 8,400 U.S. officials and contractors with access to sensitive government secrets have racked up $85 million in delinquent tax debts. Let's the IRS start there.
Oh, and how about Reverend Al ponying up his $1.5 million or go to jail like the rest of us?
As a retired person living on SS alone you can imagine I don't make much. A few years ago I paid to much in federal taxes (I actually didn't have to pay anything). The IRS caught it and in a year or so mailed me a refund. What I found interesting it that they even bothered with my paltry return. I guess my point is if you think you don't make much and they'll never look at your return, think again.
I had something similar happen, got a few hundred back because I qualified for something I didn't think I qualified for. My best guess on that is that 99% of the 10-40 forms go straight into a computer, it spins thru and spits out an answer - either correct, owes money, owes refund. No actual person looks at it. I could be wrong.
It's all a game. The Pentagon recently "found" more than $3 billion dollars due to an "accounting error" that they then claimed that they could send to the Ukraine. Hundreds of millions is owed taxes is chump change.
for most of my life, I worked at least 2 jobs. between 1994-2007, I had 3 sometimes. did fill in work doing MRI. made good money doing that, up to 50 bucks a hour at times. anyway, after a while it didn't pay to do it anymore, taxes where killing any money I made. so, I quit it. the fucking IRS dragged my ass in the 2nd year of that. they wanted to know why I stopped working/paying taxes ? I think what they where looking for was if I was hiding any income I was making. these are the same assholes that tried to put a hold or whatever on my house because I was short or made a mistake and owned them 39 bucks so, yeah. I have a whole lot of love for the IRS assholes. the fuckers have had a hand in my paycheck since 1970. fuck them ! dave in pa.
It's all bullshit, name one fucking federal politician that's not a millionaire and unless they're a MAGA republican nobody goes after them... it's always the 60k to 200k people they go after... Fuck the IRS and Fuck you Matthew W. JD
The local lunch counter just had to change computer systems to take taxes out on the servers' tips. Those kids barely make enough to get by. I always give them cash. Jeff C in NC
Talk about biting the hand that feeds you.
ReplyDeleteI have ZERO problems with the IRS collecting what is legally due..........
ReplyDeleteRemember this comment when they find some obscure thing that you didn't report. Did your friend pay for your lunch? Unreported income.
DeleteDid you borrow money, a tool, or some other item that you didn't pay back or return as agreed? Unreported income.
Did you sell something and not report the sale? You are required to report that as income.
See where I'm going with this?
Matthew W, you sound like you have a complete grasp of the current US Tax Code! Good for you!
DeleteI have INFINITE problems with the IRS collecting what they think random people owe them. Taxation is theft. Abolish the IRS so Americans can live in peace. Not one of your fellow Americans owes you jack shit simply for being born inside imaginary lines drawn on a map by politicians .
DeleteImaginary lines drawn on a map..... You mean the lines drawn meant to protect our country from invaders and to protect our economy? Those lines?
DeleteAre you one of those people who thinks a piece of paper with the words "restraining order" will stop sumdood from killing you?
DeleteNo, imaginary lines on a map and random words on paper doesn't protect me from bad guys or invaders. That's why my gun is for.
But nice strawman.
Oh God, not you again. Last time you brought up open borders, you got a mudhole stomped in your face by people that actually knew what they were talking about.
DeleteFunny you brought up the strawman argument because that's what you did bringing up restraining orders when nobody was talking about them.
Now go back to hanging with your liberal open border friends, tough guy with a gun.
Matthew W, a friendly reminder that the 16th amendment was never actually properly ratified because not enough states signed on, so the collection of individual federal income tax is in fact NOT LEGAL.
Deletestart with congress
ReplyDeleteThat was my first thought too but congresscritters write the tax laws to insulate themselves.
DeleteYeah, there's little to no chance the asshats in charge will write laws that they themselves would be subject too. Bribe money isn't taxable, and they've made damned sure of that. They aren't stupid, no matter how much they like to claim they are when people demand why they're not doing their jobs.
DeleteJohn G
When it comes to what's announced and what happens anyone who’s taken one step forward and "volunteered" for a "sweet duty" will turn their back on that IRS proclamation.
ReplyDeleteI bet I get a nasty letter for some crap bitcoin transaction 5 years ago. I'm not a millionaire but I'll get to pay the price anyway! Same with probably everyone else.
ReplyDeleteAl Sharpton isn't worried.
ReplyDeletex2
DeleteCracking down on millionaires is blatant antisemitism.
ReplyDeleteThe GAO says that 8,400 U.S. officials and contractors with access to sensitive government secrets have racked up $85 million in delinquent tax debts. Let's the IRS start there.
ReplyDeleteOh, and how about Reverend Al ponying up his $1.5 million or go to jail like the rest of us?
As a retired person living on SS alone you can imagine I don't make much. A few years ago I paid to much in federal taxes (I actually didn't have to pay anything). The IRS caught it and in a year or so mailed me a refund. What I found interesting it that they even bothered with my paltry return. I guess my point is if you think you don't make much and they'll never look at your return, think again.
ReplyDeleteI had something similar happen, got a few hundred back because I qualified for something I didn't think I qualified for. My best guess on that is that 99% of the 10-40 forms go straight into a computer, it spins thru and spits out an answer - either correct, owes money, owes refund. No actual person looks at it. I could be wrong.
DeleteSo they won't make banks report citizens account with over $600 in them? Because it is not $600 that millionaires are getting over on the IRS.
ReplyDeleteLet's start with Hunter and Joe Biden
ReplyDeleteIt's all a game. The Pentagon recently "found" more than $3 billion dollars due to an "accounting error" that they then claimed that they could send to the Ukraine. Hundreds of millions is owed taxes is chump change.
ReplyDeleteYou can be sure most will be Republican or conservative. And Donald Trump too. More BS from a govt that weaponizes every department.
ReplyDeletefor most of my life, I worked at least 2 jobs. between 1994-2007, I had 3 sometimes. did fill in
ReplyDeletework doing MRI. made good money doing that, up to 50 bucks a hour at times.
anyway, after a while it didn't pay to do it anymore, taxes where killing any money I made.
so, I quit it. the fucking IRS dragged my ass in the 2nd year of that. they wanted to know why I stopped working/paying taxes ? I think what they where looking for was if I was hiding any income I was making. these are the same assholes that tried to put a hold or whatever on my house because I was short or made a mistake and owned them 39 bucks
so, yeah. I have a whole lot of love for the IRS assholes.
the fuckers have had a hand in my paycheck since 1970. fuck them ! dave in pa.
Damn, it sounds like the Feds'll be keeping me busy for a bit. I may not be able to comment quite so often for a while. Regards.
ReplyDeleteIt's all bullshit, name one fucking federal politician that's not a millionaire and unless they're a MAGA republican nobody goes after them... it's always the 60k to 200k people they go after...
ReplyDeleteFuck the IRS and Fuck you Matthew W.
JD
Is Al Sharpton on the list?
ReplyDeleteSure, and I'll bet party-contributing demoncrats are on that list, too.
ReplyDeleteSure they are
CC
The local lunch counter just had to change computer systems to take taxes out on the servers' tips. Those kids barely make enough to get by. I always give them cash. Jeff C in NC
ReplyDelete