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To: Eugene Tackleberry
Well there are two sides to the audit argument. One, if you have something to hide, you're going to get caught. If you're honest you have no worries. I own my own business, and this year my company basically broke even. It was my first year in business, and to be honest an audit will essentially do me the favor of making sure my ducks are in a row. Of course there's the inconvenience and the worry, but why worry about things you can't fix? Let the IRS go through all of my documents, maybe they'll be in order and I could then understand them when they are done!
5 posted on 03/21/2002 5:17:43 AM PST by MadRobotArtist
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To: MadRobotArtist
You are suffering from the Stockholm Syndrome.

Seek competent therapeutic help and appropriate medication.

6 posted on 03/21/2002 5:49:52 AM PST by hang 'em
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To: MadRobotArtist
I am a bookkeeper by trade; have worked with a CPA during tax season for a number of years; and just yesterday helped my brother complete an audit by a state agency.

To your response, I will say, Hahahahaha hahahahaha hahahahah hahahaha hahahhahaha hahaha hahahhaha hhahahaha hhahaha hahahah hahahahh.

..."If you're honest you have no worries"....hello---hello---the IRS tax code is a monster that even all of their employees can't agree on. A number of years ago, there was somebody/someone/some entity that had something like 20 different tax preparers use the same bit of information about a bogus client......they came up with 20 different answers--and if memory serves me right, the IRS had even yet another answer!!! So, dear honest citizen.....which one of those answers is 'the honest one"--the one you don't have to worry about? Hmmmmm....enlighten us all, Mr./Mrs. New business owner.

If you want a favor, hire a CPA to look over your record-keeping and do an audit...at least he won't bite!

10 posted on 03/21/2002 6:11:18 AM PST by Rowdee
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To: MadRobotArtist

If you're honest you have no worries.

Sure, and I've got some nice ocean front property in Southwest Colorado to sell ya!! (well is was a million years ago.)

Plunder Patrol
by Robert W. Lee, New American April 18 '94

Selective Enforcement

Writing in The Freeman for March 1994, tax analyst James Payne observed that to function efficiently, a tax system needs citizen cooperation, but in "the United States, high tax rates and the impossibly complex tax code have made tax evasion and avoidance a major industry." Since the tax laws are so complex, virtually everyone can be branded a tax violator at the whim of the IRS. As an IRS memorandum quoted in the March 1980 Saturday Review explained, "Agents should be able to discover errors in 99.9 percent of all returns if they want."

***

Counting the Cost

"Tax analyst James Payne pinpoints more than 30 separate burdens which the current tax system imposes on individuals, businesses, and society as a whole, including the costs of compliance and enforcement."

"When the visible and hidden costs associated with tax collection (the vast majority of which have been piled without remuneration onto the private sector) are totaled up, Payne estimates that it costs 65 cents to collect every $1.00 in taxes. For fiscal 1992, that expense would be more than $622 billion, making tax collection the most expensive of all government programs (more than double the defense budget and nearly five times the expenditures on Medicare). "

Purpose of Income Tax:

Whether or not you as an individual pay an Individual Income Tax is irrelavent to the statutes regarding it. The Income Tax is not for the aquisition of revenue, as many other forms of taxation will do equally as well if not better at that job. The Income Tax exists for one overwhelming purpose and that is to maintain the populace in a constant state of legal jeopardy. It is a political tool for

molding the electorate into opposing factions,

rewarding political friends through targeted exceptions and credits

punishing political enemies through punitive tax rates and expensive legal harrassments; and

hiding the full cost of government from the perceptions of the electorate.

As such, a particular individual may not pay tax or even need to file a return. Even at nil tax rates on the individual income tax, The legal jeopardy remains in place to be imposed at political whim.

Until the statutes are repealed, and the income tax outlawed by Constitutional Amendment, the income tax will remain to be used for its true intents which have nothing to do with gathering revenue for the federal government. The Tax Protest movement does nothing but poor fuel on the fire where building that legal jeopardy and maintaining the income tax is concerned, and provide targets for rationalizing ever more punitive actions and statutory provisions.

13 posted on 03/21/2002 6:26:01 AM PST by ancient_geezer
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