90%

[LuFins Dad]

And every answered call gets a nice flag on their account! Hooray!

[Copper]

Sing Along!

Link to video

Wrong thread again!

[LuFins Dad]

@Copper said in 90%:

Sing Along!

Link to video

Going to Disney this year?

[jon-nyc]

@LuFins-Dad said in 90%:

And every answered call gets a nice flag on their account! Hooray!

They’ve said the audit rate for people making <400k will remain unchanged. My guess is few people making over that are calling the IRS.

[Jolly]

Not that the government would lie, or anything,,,

[LuFins Dad]

@jon-nyc said in 90%:

@LuFins-Dad said in 90%:

And every answered call gets a nice flag on their account! Hooray!

They’ve said the audit rate for people making <400k will remain unchanged. My guess is few people making over that are calling the IRS.

That’s why everyone receiving over $600 from Venmo will receive a 1099…

[George K]

@LuFins-Dad said in 90%:

That’s why everyone receiving over $600 from Venmo will receive a 1099…

Speaking of which, ebay will be sending out 1099s as well. However, my understanding is that for infrequent or one-of sales that income is not reportable.

[89th]

I often think of this humor come tax season:

Government: You owe us money. It’s called taxes.

Me: How much do I owe?

Gov’t: You have to figure that out.

Me: I just pay what I want?

Gov’t: Oh, no we know exactly how much you owe. But you have to guess that number too.

Me: What if I get it wrong?

Gov’t: You go to prison

[jon-nyc]

It’s a good joke, but sort of unfair. Treasury has been trying for years to have the form pre-filled online for the vast majority of taxpayers but Congress blocks it every time, having been purchased by Intuit and H&R Block.

[jon-nyc]

@LuFins-Dad said in 90%:

@jon-nyc said in 90%:

@LuFins-Dad said in 90%:

And every answered call gets a nice flag on their account! Hooray!

They’ve said the audit rate for people making <400k will remain unchanged. My guess is few people making over that are calling the IRS.

That’s why everyone receiving over $600 from Venmo will receive a 1099…

No, that’s not why and probably won’t lead to many audits. That change predates the IRA by over a year.

Also, if you’ve ever missed an income source like a 1099-int or a 1099, the IRS just sends a notice and a bill based on its calcs, with instructions on what to do if you disagree. So I can’t see it leading to a bunch of audits.

[Jolly]

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