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You know, the IRS is basically defunded, even not counting the whole shutdown thing. I wonder how many people need to file handwritten by mail before it becomes
by jabroni_salad 1y ago
You know, the IRS is basically defunded, even not counting the whole shutdown thing. I wonder how many people need to file handwritten by mail before it becomes a significant problem
- cyberax 1y agoIRS will absolutely go after regular people who just have a W-2 and maybe a couple of 1040 forms. It's easy to verify automatically. But if you're a rich person with dozens of companies and complicated trusts? Yep, nobody is going to be looking.
- soared 1y agoThis is incorrect - the higher your income the higher percent chance you have of being audited. (Also higher for very low income <25k) https://www.congress.gov/crs-product/IF12521#:~:text=The%20IRS%20generally%20audits%20a,and%20the%20COVID%2D19%20pandemic. https://www.congress.gov/crs-product/IF12521#:~:text=The%20I...
- cyberax 1y agoBecause it's technically not "audit". They just send you an automated letter if they find any discrepancies: https://www.irs.gov/individuals/understanding-your-cp2000-series-notice https://www.irs.gov/individuals/understanding-your-cp2000-se... And they _will_ find them. For example, one year I forgot to add a line from one of 1040 forms to my return. I got a notification from the IRS about a year later that I have under-reported taxes. And with the defunding of the IRS, they'll severely limit the complex audits.
- archagon 1y ago"The IRS unit that audits billionaires has lost 38% of its employees since January, new data shows" https://www.icij.org/news/2025/03/the-irs-unit-that-audits-billionaires-has-lost-38-percent-of-its-employees-since-january-new-data-shows/ https://www.icij.org/news/2025/03/the-irs-unit-that-audits-b... "After mass firings, the IRS is poised to close audits of wealthy taxpayers, agents say" https://www.icij.org/inside-icij/2025/03/after-mass-firings-the-irs-is-poised-to-close-audits-of-wealthy-taxpayers-agents-say/ https://www.icij.org/inside-icij/2025/03/after-mass-firings-...
- beej71 1y agoGut feel is if 10% of taxpayers did it the system would be pretty well DOS'd.