"If you're innocent, why do you need a lawyer?"
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Jonah Goldberg talks about the joys of an audit (thread).
Oh, Comey...
In the case of the Comeys, it cost $5,000 in accountant fees. The IRS agent conducting the audit spent at least 50 working hours on it, including meeting face to face with the family's accountant, who drove several hours to meet the agent, according to internal IRS documents produced in response to a Freedom of Information Act request filed by The Times.
Along with having to produce all of his personal financial information, such as brokerage and bank statements, Comey gave the IRS a copy of his family's Christmas card that had a photograph to prove that he had the children he had claimed as dependents.
Comey's audit, which lasted more than a year, revealed that he and his wife, Patrice Comey, had overpaid their 2017 federal income taxes. They received a $347 refund.
But it's to tax the rich! Right?
Nope:
More than half of the agency’s audits in 2021 were directed at taxpayers with incomes less than $75,000, according to IRS data. More than 4 in 10 of its audits targeted recipients of the earned income tax credit, one of the country’s main anti-poverty measures.
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Jonah Goldberg talks about the joys of an audit (thread).
Oh, Comey...
In the case of the Comeys, it cost $5,000 in accountant fees. The IRS agent conducting the audit spent at least 50 working hours on it, including meeting face to face with the family's accountant, who drove several hours to meet the agent, according to internal IRS documents produced in response to a Freedom of Information Act request filed by The Times.
Along with having to produce all of his personal financial information, such as brokerage and bank statements, Comey gave the IRS a copy of his family's Christmas card that had a photograph to prove that he had the children he had claimed as dependents.
Comey's audit, which lasted more than a year, revealed that he and his wife, Patrice Comey, had overpaid their 2017 federal income taxes. They received a $347 refund.
But it's to tax the rich! Right?
Nope:
More than half of the agency’s audits in 2021 were directed at taxpayers with incomes less than $75,000, according to IRS data. More than 4 in 10 of its audits targeted recipients of the earned income tax credit, one of the country’s main anti-poverty measures.
@George-K said in "If you're innocent, why do you need a lawyer?":
Just for fun I looked up the income distribution % in the US
0 - 75K = 54%
75K - 200K = 35%
'>200K = 10%Audit chance
0-75 = 51%
75-200 = 26%
'> 200 = 23%Seems like best to make between 75 and 200. LOL
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The thread title echos Trump in 2016: “If you’re innocent why are you taking the Fifth Amendment?”
Link to video -
The thread title echos Trump in 2016: “If you’re innocent why are you taking the Fifth Amendment?”
Link to video -
@Axtremus Shhhhh
@taiwan_girl said in "If you're innocent, why do you need a lawyer?":
@Axtremus Shhhhh
I fail to see the correlation. I see the correlation Ax went for and missed, but I know that you are smarter than that.
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To play devil advocate, here is why the IRS does need additional money
The cafeteria at the Texas IRS office.
Article about walking through the office and how outdated it is
There is a picture in the article above of the computer screens used and they have the old "green" lettering from the 1990's or so. For you computer people here, they said that the programs used are written in COBOL.
Now, making taxes easier would solve alot of the problems. I often thought they should eliminate all deductions etc. You make this much, you pay this much.
