The IRS is going after 125,000 high-income earners who haven't filed tax returns since 2017. These include 25,000 who earned $1 million or more and 100,000 who earned between $400,000 and $1 million.
The IRS plans to go after 125,000 high-income earners who did not file tax returns going back to 2017 — and the agency says hundreds of millions of dollars of unpaid taxes are involved in these cases.
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.
The campaign announced Thursday is part of the agency’s ongoing effort to pursue high wealth tax cheats — mandated in part by funding provided through Democrats’ Inflation Reduction Act passed into law in 2022 and a directive from Treasury Secretary Janet Yellen to IRS leadership not to increase audit rates on people making less than $400,000 a year annually. https://www.huffpost.com/entry/irs-crac ... b8583414d7
It's about time the IRS did this.
Any bets on who on this board will oppose what the IRS is doing?
gounion wrote: ↑Sun Mar 03, 2024 6:53 pm
Just another reason for Glenn and Joe to support the GOP. They hate it when the rich are held accountable - for ANYTHING.
No like you I consider the successful to be enemies of the state. Who built their wealth and success on the backs of the downtrodden masses.
But, don't despair their time is coming. As soon as our glorious cause is successful our re-education camps will deal with those enemies of the people
Glennfs wrote: ↑Sun Mar 03, 2024 7:01 pm
No like you I consider the successful to be enemies of the state. Who built their wealth and success on the backs of the downtrodden masses.
But, don't despair their time is coming. As soon as our glorious cause is successful our re-education camps will deal with those enemies of the people
If you cheated on your taxes you’d be in jail. Why do you feel the rich are better than you?
gounion wrote: ↑Sun Mar 03, 2024 7:11 pm
If you cheated on your taxes you’d be in jail. Why do you feel the rich are better than you?
I don't I am just like you comrade and consider the successful and wealthy to be enemies of the state. You comrade have convinced me to the error of my ways
Glennfs wrote: ↑Mon Mar 04, 2024 4:48 am
I don't I am just like you comrade and consider the successful and wealthy to be enemies of the state. You comrade have convinced me to the error of my ways
Translation: "I've got nothin'!"
Anything to defend the indefensible.
I just expect the rich to pay their taxes like I do.
Number6 wrote: ↑Fri Mar 01, 2024 1:14 pm
The IRS is going after 125,000 high-income earners who haven't filed tax returns since 2017. These include 25,000 who earned $1 million or more and 100,000 who earned between $400,000 and $1 million.
It's about time the IRS did this.
Any bets on who on this board will oppose what the IRS is doing?
I would expect folks to follow the law. It would be nice if the chief executive and his family lead by example. But that’s another conversation.
I have no problems going after tax evasion and tax evaders. I don’t think you need 87,000 agents to do it when we have the technology we have. 87,000 agents to go after 125,000 cases and then what are those folks going to do? Thats the question.
JoeMemphis wrote: ↑Mon Mar 04, 2024 8:53 am
I would expect folks to follow the law. It would be nice if the chief executive and his family lead by example. But that’s another conversation.
I have no problems going after tax evasion and tax evaders. I don’t think you need 87,000 agents to do it when we have the technology we have. 87,000 agents to go after 125,000 cases and then what are those folks going to do? Thats the question.
First, Joe Biden has done NOTHING wrong. His grown son evaded taxes while a drug addict. But that’s not on Joe Biden. Your attacks are feeble. Joe Biden HAS led by example.
And funny how you don’t say a word about the REAL tax cheat, Donald Trump. Shows where you stand. You don’t say a word about Trump leading by example.
And it takes PEOPLE to go after tax cheats. I realize you don’t want rich people like Donald Trump to have to pay taxes.
Toonces wrote: ↑Mon Mar 04, 2024 8:38 pm
I don't think that the 87,000 was a net increase.
I believe a portion was to backfill unfilled positions and normal attrition.
I believe the vast majority was new funding. Backfilling positions usually is already in the budget. But the point is that at a time when more and more returns are filed electronically and the returns in question are usually prepared by licensed professionals, the need for 87000 new agents to go after 125000 potential cases doesn’t make sense. So what are those folks gonna do in a year to 18 months after the 125000 have been resolved? Are we gonna see a reduction in force or can we expect them to start looking at middle income tax payers and small business. Are they going to be like sales tax auditors and bank auditors? This is being sold like Joe six pack won’t be affected. I think folks are gonna be surprised. Not pleasantly. The other kind of surprised.
Oh I bet the service has all kinds of justifications. But I’m an accountant and I’ve heard all that stuff before and I know how budgets are built and I know how this shit works. If you are replacing staff, you don’t need new money. The money for that person who left is still in the budget. The government doesn’t do reductions in force like the private sector. Further, back office staffs have been shrinking over the years due to changes in technology. So if the service is using funds to fund technology that’s one thing. But to claim you need to do big staff increases on top of that sounds bogus. More of the work done by staff has already been digitized. You SHOULD not be seeing these large increases in clerical staffing and if you are doing fraud work, the fact your are using digital tools should make that work much easier and efficient.
Now all this dog and pony show may sound good to many readers, but to the average business person, it doesn’t make a lot of sense. Once the initial 125k cases are done, these guys are going to be looking to justify their salaries. They will turn into a bunch of proctologists who will be crawling up the ass of a bunch of middle class tax payers picking their tax returns apart. They will be like sales tax auditors and if you have ever dealt with those guys I need not say more.
JoeMemphis wrote: ↑Mon Mar 04, 2024 9:10 pm
Oh I bet the service has all kinds of justifications. But I’m an accountant and I’ve heard all that stuff before and I know how budgets are built and I know how this shit works. If you are replacing staff, you don’t need new money. The money for that person who left is still in the budget. The government doesn’t do reductions in force like the private sector. Further, back office staffs have been shrinking over the years due to changes in technology. So if the service is using funds to fund technology that’s one thing. But to claim you need to do big staff increases on top of that sounds bogus. More of the work done by staff has already been digitized. You SHOULD not be seeing these large increases in clerical staffing and if you are doing fraud work, the fact your are using digital tools should make that work much easier and efficient.
Now all this dog and pony show may sound good to many readers, but to the average business person, it doesn’t make a lot of sense. Once the initial 125k cases are done, these guys are going to be looking to justify their salaries. They will turn into a bunch of proctologists who will be crawling up the ass of a bunch of middle class tax payers picking their tax returns apart. They will be like sales tax auditors and if you have ever dealt with those guys I need not say more.
The only people that were being caught were working-class people. It was too time intensive to go after people like you Dear Leader Donald Trump, because they paid lawyers and accountants to hide everything for them. Bringing Trump to account in New York has cost a ton of money.
You think we don't see that. We do.
So, if we want to catch rich tax cheats, it's going to take lots of staff and boots on the ground. You just don't want to see it. You want the rich to keep getting away with it.
gounion wrote: ↑Thu Mar 07, 2024 3:38 pm
The only people that were being caught were working-class people. It was too time intensive to go after people like you Dear Leader Donald Trump, because they paid lawyers and accountants to hide everything for them. Bringing Trump to account in New York has cost a ton of money.
You think we don't see that. We do.
So, if we want to catch rich tax cheats, it's going to take lots of staff and boots on the ground. You just don't want to see it. You want the rich to keep getting away with it.
Aren't you the guy who just said prove it with links
Glennfs wrote: ↑Thu Mar 07, 2024 7:39 pm
Aren't you the guy who just said prove it with links
All you need is the recent court case against Trump's company in New York to see what it takes to hold the rich and powerful to account. It's not just some computer program, it takes a lot of investigators to sift through and find the crimes and bring them before a judge. Joe is being completely dishonest when he says differently. Think about all that went into the Enron case, to name another.
gounion wrote: ↑Fri Mar 08, 2024 7:20 am
All you need is the recent court case against Trump's company in New York to see what it takes to hold the rich and powerful to account. It's not just some computer program, it takes a lot of investigators to sift through and find the crimes and bring them before a judge. Joe is being completely dishonest when he says differently. Think about all that went into the Enron case, to name another.
It also takes a republican winning office in liberal states or a Democrat winning office in conservative states.
Had Trump never ran for office or had run and loss none of this would have ever seen the light of day.
Does that mean I believe he is innocent no he is guilty as can be. However those in power were turning a blind eye before he got involved in politics.
The same blind eye they are turning towards all the other developers who are doing the exact same thing to one degree or another.
Glennfs wrote: ↑Fri Mar 08, 2024 2:13 pm
It also takes a republican winning office in liberal states or a Democrat winning office in conservative states.
Had Trump never ran for office or had run and loss none of this would have ever seen the light of day.
Does that mean I believe he is innocent no he is guilty as can be. However those in power were turning a blind eye before he got involved in politics.
The same blind eye they are turning towards all the other developers who are doing the exact same thing to one degree or another.
Same thing - Biden wouldn’t have been investigated on Hunter’s actions if he wasn’t President.
Look at Gary Hart. No one would have said a word about his affairs had he not ran for President. If you want to run for office, you need to make sure you don’t have any skeletons in your closet. You must be squeaky clean.
First thing that happens is oppo research. Somehow you think it’s wrong if done to Trump. Shouldn’t a candidate be vetted?
gounion wrote: ↑Fri Mar 08, 2024 3:07 pm
Same thing - Biden wouldn’t have been investigated on Hunter’s actions if he wasn’t President.
Look at Gary Hart. No one would have said a word about his affairs had he not ran for President. If you want to run for office, you need to make sure you don’t have any skeletons in your closet. You must be squeaky clean.
First thing that happens is oppo research. Somehow you think it’s wrong if done to Trump. Shouldn’t a candidate be vetted?
