As a side note, exactly 1 of those 125,000 have been criminally charged ~ Hunter. (And he has actually fully paid including late penalties, unlike the other 124,999.) But it is of course not a politically motivated witch-hunt.
As a side note, exactly 1 of those 125,000 have been criminally charged ~ Hunter. (And he has actually fully paid including late penalties, unlike the other 124,999.) But it is of course not a politically motivated witch-hunt."Beginning this week, the IRS will start sending out noncompliance letters to more than 25,000 people who earn more than $1 million per year and 100,000 people with incomes between $400,000 and $1 million who failed to pay their taxes between 2017 and 2021."
WTF? As a self-employed person, I get a letter every year from HMRC (UK name for IRS) to remind me not to forget to file my tax return by next January (I have never forgotten and have been self-employed for over 20 years). My wife was self-employed for a short stint and failed to file her tax return and she must have received at least a letter per month until she sorted it.
I can kind-of potentially understand gov tax people not getting particularly hands-on with non-filers but I would have thought the increasingly stern letters would be almost completely automated.
IRS launches crackdown on 125,000 wealthy 'non-filers'
The IRS plans to go after 125,000 high-income earners who did not file tax returns going back to 2017.apnews.com
With the additional funding from the IRA, the IRS is now going after wealthy people who failed to file returns and executives who use company planes for personal travel while the company gets a write-off.
These are the people Republicans wanted to protect when they didn't want the IRS to have more funding. Republicans love to defund the [tax] police.
Most Americans DONT like taxes, not only white guys
A lot of young people don't like it either.
IRS needs to be revamped.
MAB? "Make America Broke"?Most Americans DONT like taxes, not only white guys
A lot of young people don't like it either.
IRS needs to be revamped.
What Americans do like is tax laws being enforced.Most Americans DONT like taxes, not only white guys
A lot of young people don't like it either.
IRS needs to be revamped.
Why don't congress stop listening to TurboTax and just simplify the Tax Codes?What Americans do like is tax laws being enforced.
If you don’t like the tax laws then change them.
Maybe Matlock can be employed.
Whites don't care.MAB? "Make America Broke"?
Where do you think the governement will get the money to run itself?
I'm sure the developer thinks the racism of this bot is a feature.Whites don't care.
But letters aren't automated. Unless they're emails, but only scammers send IRS emails. Letters are delivered by letter carriers, who have to get paid. And that's one reason why the IRS needs more funding."Beginning this week, the IRS will start sending out noncompliance letters to more than 25,000 people who earn more than $1 million per year and 100,000 people with incomes between $400,000 and $1 million who failed to pay their taxes between 2017 and 2021."
WTF? As a self-employed person, I get a letter every year from HMRC (UK name for IRS) to remind me not to forget to file my tax return by next January (I have never forgotten and have been self-employed for over 20 years). My wife was self-employed for a short stint and failed to file her tax return and she must have received at least a letter per month until she sorted it.
I can kind-of potentially understand gov tax people not getting particularly hands-on with non-filers but I would have thought the increasingly stern letters would be almost completely automated.
I'm sure the developer thinks the racism of this bot is a feature.
The majority of households in the US do own a home - it's something like 60%+.The US needs to do end of year taxes like some other countries. For 90% of the population, just send them a letter with what the IRS believes the result to be, and ask if the person agrees or not.
Let's be honest, the overwhelming majority of the population owns no homes and only has a simple 1040 to file. They have no additional income from investments. The most they may have is a second job. The IRS already knows 100% of what these people owe.
What each person owes is based on what employer's report to the IRS, and what financial institutes such as banks report to the IRS. If the employee underpaid taxes, or overpaid taxes, it should be simple for the IRS to have software that can calculate all of that. Just send the employee a letter, telling them if they owe taxes or not, or if they are due a refund. And if the employee agrees, then take action accordingly, whether it is the employee writes a check, or if the IRS issues a refund. Done. Simple. Don't need to pay an accountant for any of that.
For those that disagree with the assessed taxes, they may file what they believe is the correct tax return, with corroborating documentation. At that point, whether they need an accountant or not is up to them. That's their problem. This would drastically reduce the manpower needed by the IRS to manage year-end tax returns because the majority of tax filers would already be filed and only awaiting confirmation from the individuals. This would make it vastly easier for the IRS to concentrate on those who disagree with the automated calculations and those who dodge taxes.
I'd note that the IRS is also directly informed about all stock market interest, dividends, and actual stock capital gains directly from all U.S. brokerages now - so in addition, the vast majority of those that have investments are also fully covered in what the IRS could (theoretically) automate.The US needs to do end of year taxes like some other countries. For 90% of the population, just send them a letter with what the IRS believes the result to be, and ask if the person agrees or not.
Let's be honest, the overwhelming majority of the population owns no homes and only has a simple 1040 to file. They have no additional income from investments. The most they may have is a second job. The IRS already knows 100% of what these people owe.
What each person owes is based on what employer's report to the IRS, and what financial institutes such as banks report to the IRS. If the employee underpaid taxes, or overpaid taxes, it should be simple for the IRS to have software that can calculate all of that. Just send the employee a letter, telling them if they owe taxes or not, or if they are due a refund. And if the employee agrees, then take action accordingly, whether it is the employee writes a check, or if the IRS issues a refund. Done. Simple. Don't need to pay an accountant for any of that.
For those that disagree with the assessed taxes, they may file what they believe is the correct tax return, with corroborating documentation. At that point, whether they need an accountant or not is up to them. That's their problem. This would drastically reduce the manpower needed by the IRS to manage year-end tax returns because the majority of tax filers would already be filed and only awaiting confirmation from the individuals. This would make it vastly easier for the IRS to concentrate on those who disagree with the automated calculations and those who dodge taxes.
The IRS’ review bot seems much more sophisticated than in past years, speeding up the process.Yet this year is the fastest I have received a refund. e-filed on 2/23 and refund was deposited on 2/29.
Most years it 3 - 4 weeks
Paid no taxes last 3 years due to only using SS money. Annuities kick in starting now. Back to paying taxes.Yet this year is the fastest I have received a refund. e-filed on 2/23 and refund was deposited on 2/29.
Most years it 3 - 4 weeks
Damn free loader...Paid no taxes last 3 years due to only using SS money. Annuities kick in starting now. Back to paying taxes.
Paid no taxes last 3 years due to only using SS money. Annuities kick in starting now. Back to paying taxes.
I take the default 10% for Fed. Now that there's real interest rates, it does matter if I use the government for a piggy bank. Also, that's just one of the investments, by the way. Starting to create my traveling wish list for when MRD kicks in.Use a partial withdrawl instead of the full amount.. lot easier on the taxes!
This is inaccurate, taxes are complicated because of the vast number of deductions and rules available not because of the tax prep industry but because of special interest group lobbying. The entire tax code is a shit show. Focusing on "do my taxes on a post card" is completely missing the forest for the trees.taxes should be able to be filed on a post card. our current system is a total give away to the tax prep industry.
It should be done on a postcard, Rick Perry was right about that in 2011, one of his only things he was right aboutThis is inaccurate, taxes are complicated because of the vast number of deductions and rules available not because of the tax prep industry but because of special interest group lobbying. The entire tax code is a shit show. Focusing on "do my taxes on a post card" is completely missing the forest for the trees.