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“Inflation Reduction” Act
#73
(08-24-2022, 04:26 PM)Mickeypoo Wrote: And my point is that a 1 person 10k a year side business is 100% the littlest of the little guy.  They absolutely do and will go after the little guy.  And they couldn't care less about crushing them.

So I want to make sure I have this correct.  You are saying just a regular lower income person is almost certain to not be bothered by an audit, but that same person makes 5k a year on a side business and reports it wrong and they will come and destroy you.  Do I have that correct?  But they don't go after the little guy?

A gentle reminder from the kind and caring people at the IRS that if you don't comply they will come and steal everything you have worked for is usually enough for the little guy who can't afford a team of lawyers to pay whatever the IRS says you owe.

Their role isn't to "destroy you." Quite frankly, I have always found the IRS to be friendly and helpful (when they know what they're talking about, which isn't always the case). Even when you owe back taxes and penalties, they will usually be quite happy to work out payment arrangements and do everything they can to make it easier on you.

Maybe this person you know got someone on a bad day. Maybe the person you know was a dick in some way, I don't know. All I know is the general way of things. The more complicated the return, the more scrutiny they get. The more cooperative you are with them, the more helpful they will be.
"A great democracy has got to be progressive, or it will soon cease to be either great or a democracy..." - TR

"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
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Messages In This Thread
RE: “Inflation Reduction” Act - treee - 08-18-2022, 01:54 AM
RE: “Inflation Reduction” Act - CJD - 08-18-2022, 02:27 PM
RE: “Inflation Reduction” Act - CJD - 08-19-2022, 10:04 AM
RE: “Inflation Reduction” Act - CJD - 08-19-2022, 12:16 PM
RE: “Inflation Reduction” Act - CJD - 08-18-2022, 09:54 AM
RE: “Inflation Reduction” Act - CKwi88 - 08-18-2022, 04:41 PM
RE: “Inflation Reduction” Act - pally - 08-18-2022, 04:47 PM
RE: “Inflation Reduction” Act - ATOTR - 08-21-2022, 12:31 PM
RE: “Inflation Reduction” Act - ATOTR - 08-21-2022, 01:24 PM
RE: “Inflation Reduction” Act - ATOTR - 08-22-2022, 08:45 AM
RE: “Inflation Reduction” Act - ATOTR - 08-21-2022, 07:01 PM
RE: “Inflation Reduction” Act - GMDino - 08-21-2022, 07:12 PM
RE: “Inflation Reduction” Act - Dill - 08-22-2022, 03:17 PM
RE: “Inflation Reduction” Act - Belsnickel - 08-24-2022, 05:53 PM

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