4 ms·
It's statistical. They are not calculating everyones taxes, they are saying "well you act like a duck and quack like a duck earning this much, is what your paid
by polalavik 4y ago
It's statistical. They are not calculating everyones taxes, they are saying "well you act like a duck and quack like a duck earning this much, is what your paid/what you purchased within some confidence interval of normal?" No? audit.
- macinjosh 4y agoWhere is the IRS getting data on my purchases?
- jjtheblunt 4y agoIn the future, from FedNow maybe, a federal payment processor proposal, meaning they could track everything. (gotta feed the big government tumor?) https://www.federalreserve.gov/newsevents/pressreleases/other20230315a.htm https://www.federalreserve.gov/newsevents/pressreleases/othe...
- lilsoso 4y agoreal estate property, form 8300 (say for car purchases in cash) unclear to me if 1099-k could be used to track purchases. I'd guess if you're audited perhaps credit card records.
- kelnos 4y agoDo you have actual knowledge that it's statistical, or are you just guessing? Because the IRS absolutely does have all the data they need to perfectly fill in most people's tax returns. Sure, having that data doesn't mean they've done the work to be able to do things with that data, but it's not hard to imagine they have a system to calculate everyone's taxes, given the data at hand.