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Tough. They gotta pay it. Send an email to the treasury and pull from the billions stolen from importers and pay it back. Can I use this same argument to avoid
by gigatexal 8mo ago
Tough. They gotta pay it. Send an email to the treasury and pull from the billions stolen from importers and pay it back.
Can I use this same argument to avoid paying my taxes because I spent all my income and didn’t set anything aside? No. Then?
- PopAlongKid 8mo ago>Can I use this same argument to avoid paying my taxes because I spent all my income and didn’t set anything aside? Yes, you can. It's called Offer in Compromise (OIC).
- Analemma_ 8mo agoYou absolutely can, if you're rich. Rich people settle their tax debts with the IRS for pennies on the dollar all the time, with the threat of dragging the government into years of expensive litigation if the offer isn't accepted. You and I, of course, don't have this option.
- fortran77 8mo agoPoor people do this much more often than rich people.
- polotics 8mo ago"more"... in number of cases, or in total amount of tax revenue lost?
- behole 8mo agoI would love to see your source for this claim.
- fortran77 8mo agoSure: https://www.irs.gov/businesses/small-businesses-self-employed/offer-in-compromise-faqs https://www.irs.gov/businesses/small-businesses-self-employe...