Posted on 03/12/2022 7:16:50 PM PST by SeekAndFind
Klaus says those peeps should own nothing.
These low income cheats are scamming the EITC. If the IRS is going after them then it is a good thing.
You know why? Because the poor do not have tax lawyers helping them. Those tax lawyers are smarter than IRS auditors.
No, it is because so many poor people SCAM the Earned Income “Tax Credit” - which is really just a welfare program administered by the IRS - and the additional child tax credit. They use kids who are not theirs to get 10K or more from the government - multiplied by millions of liars.
Also, when the IRS audits a poor person and claims that they owe a certain amount the poor person may simply pay up rather than fight the IRS, even when they don’t really owe the taxes.
If you are an IRS auditor you are charged with generating income for the government and closing tax cases quickly. If you audit a poor person, find that they owe $200 and get them to pay it, then the government got some money and the case is closed. But if you take on someone well off you may have a long fight on your hands, meaning the case will not be closed quickly. You may even lose the case against the well off person.
Which approach do you think the IRS auditor will choose??
People respond to their metrics. Sounds like a management problem.
There are far more tax payers at that level than those making $1 million a year.
If audits are triggered randomly…this would happen.
Whats that got to do with more audits?
It was all legit. When the audit hit, I took my supporting documents with me down to their office. Over the next 4 hours, I proved the “business purpose” of those expenses. They allowed every dollar of those deductions.
My parting words to that client? “You better show a profit next year and the year after.” Another loss and the hobby loss rules would snare him.
That was the last year I professionally prepared returns, and I don’t miss it.
You must be right! Coz I have never been audited in 60 years of filing taxes prepared by yours truly :)
Simple…… the millionaires can afford tax attorneys and accountants. The poor folks cannot. Easier to go a feed the folks that can’t afford to fofght, who will settle, than drag out the case.
Ask Buffett. Mr The Rich Should Pay More. Spent millions fighting the IRS.
I think this is the case. Lots of people going into their big box store Friendly Tax Filers and lying about a lot of the questions they’re asked so they can increase the returns they get back for the taxes they didn’t pay in the first place.
just like the cops, they go after the easiest targets, the targets least able to defend themselves....
the US is nothing but a banana republic.....
sadly most of the bananas won't do a thing about it, but keep following their lords to vote in rats...
Their goal is to drive as many people into welfare as they can. Those on the line are easy pickings. More welfare recipients equals more welfare voters.
In other words, low-hanging fruit.
Yup.
Because they are less likely to have an accountant do their taxes and thus more likely to make a mistake they can be fined for, which provides extra revenue for the IRS.
Evil always goes after those unable to fight back.
‘These low income cheats are scamming the EITC. If the IRS is going after them then it is a good thing.”
Not only scamming that but the stimulus payments!!
I IRS does select some Ralph Kramdon’s for audits just for propaganda purposes. They know these audits will probably produce no additional revenue, BUT, Ralph the lowly bus driver will feel like a big shot that they got audited and tell averyone.
For both of you yutes here read8ng, Ralph Kramdon was a character played on the show the Honeymooners and... oh nevermind.
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