08-24-2022, 01:31 PM
(08-18-2022, 08:22 PM)Belsnickel Wrote: The IRS isn't going to go after the "low hanging fruit." Doing so doesn't justify the existence of the agents as it would cost them more to go after the amounts owed. They will focus on the egregious ones. That has always been the way they do things.
Tell that to my good friend who got audited a few years ago because of the way he did his deductions on his small side business. He was making around 50-60k at the time at his full time job and his side business was making around 10k a year.
The audit almost bankrupted his family. It was awful to watch. The worst part was he was not deliberately trying to evade taxes. He was just doing it wrong and never realized and over 5+ years it added up.
The rich have accountants and lawyers. People like my friend just get destroyed.
