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And the point of the article is that almost no-one is getting prosecuted for it. So it is true, that people are getting away with expensing them.
by nicwolff 8y ago
And the point of the article is that almost no-one is getting prosecuted for it. So it is true, that people are getting away with expensing them.
- gamblor956 8y agoThe point of the article was that they no longer have the resources to prosecute those people as a result of budget cuts. However, those people are not getting away with expensing them, because the IRS has no statute of limitations on going after these sorts of issues (income tax returns which are fraudulent are not subject to a statute of limitations, which means that the related crimes aren't either). Basically, it's a timing issue of when they get punished for the tax evasion, though at some point the backlog gets big enough that they might have to triage out the smaller cases.
- emodendroket 8y agoDo you see any big budget hikes to the IRS in the offing? They're making a bet that the IRS will never catch up to them and it's not a crazy one.