3 ms·
This seems bullshitty / current administration PR stunt - why would IRS bother with things like audits, when cashing out people that have income w/o returns is
by pxmpxm 3y ago
This seems bullshitty / current administration PR stunt - why would IRS bother with things like audits, when cashing out people that have income w/o returns is way easier? The odds of someone having 7 figure income and tax return so simple AND enough expenses/tax losses to offset the income tax fully to not have to file seem astronomically low.
The wording of this thing on the IRS website definitely makes it seem like an election year PR play:
https://www.irs.gov/newsroom/irs-launches-new-effort-aimed-at-high-income-non-filers-125000-cases-focused-on-high-earners-including-millionaires-who-failed-to-file-tax-returns-with-financial-activity-topping-100-billion https://www.irs.gov/newsroom/irs-launches-new-effort-aimed-a...