90%
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And every answered call gets a nice flag on their account! Hooray!
@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.
The whole reason we call them illegal aliens is because they’re subject to our laws.
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@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.
@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…
The Brad
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@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…
@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.
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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
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@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…
@LuFins-Dad 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.
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