IRS Warns Americans of New Law in 2023

#103
#103
hog88 said:
I’ll believe that when I see it. I won’t be surprised when there is a compromise and McCarthy announces he cut 5,000 agents from the IRS and everyone will be patting the SOB on the back.
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Gotta **** can McConnell and crew as well. I hate that ****er more than Schumer.
 
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#104
#104
hog88 said:
I’ll believe that when I see it. I won’t be surprised when there is a compromise and McCarthy announces he cut 5,000 agents from the IRS and everyone will be patting the SOB on the back.
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I expect that this is exactly what will happen. I don't have a lot of respect for him. Praying he proves me wrong....fat chance though I think.
 
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#105
#105
norrislakevol said:
I expect that this is exactly what will happen. I don't have a lot of respect for him. Praying he proves me wrong....fat chance though I think.
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Those 87K were to be hired over like the next 10+ years...
DC will be underwater by then so no worries.
Seriously, it will take legislative action to stop it., so it will be a time bomb..just like all this radical agenda.
 
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#106
#106
norrislakevol said:
Fine, cut out the amount they want to hire.
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To play devil's advocate, they do need some funding to update systems and get to some reasonable level of staffing. I have no issue if they went after known areas of fraud: PPP and EITC. I'm afraid they are just hiring to create a bureaucracy...
 
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#107
#107
Orangeburst said:
DD's got a double tax break.
hey if a tranny wants to get a boob job and be a stripper does he get a check?
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If an individual uses those in the creation of income as part of a small business, them yes, they can deduct them as an expense...

no different than hog getting a penile implant to help his OnlyFans career. He can deduct that...
 
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#109
#109
BigOrangeMojo said:
To play devil's advocate, they do need some funding to update systems and get to some reasonable level of staffing. I have no issue if they went after known areas of fraud: PPP and EITC. I'm afraid they are just hiring to create a bureaucracy...
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Or simplify the entire code and cut their staff. People that work for a company aren’t the ones significantly cheating the system. It’s private business owners in most cases. Chasing $600 sales and purchases is just dumb and a waste of time.
 
#110
#110
Orangeburst said:
Those 87K were to be hired over like the next 10+ years...
DC will be underwater by then so no worries.
Seriously, it will take legislative action to stop it., so it will be a time bomb..just like all this radical agenda.
Click to expand...
The gop has help that radical agenda
 
#111
#111
C-south said:
Or simplify the entire code and cut their staff. People that work for a company aren’t the ones significantly cheating the system. It’s private business owners in most cases. Chasing $600 sales and purchases is just dumb and a waste of time.
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Tell the Rs to stop running idiots like Herschel and change the tax code....
 
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#112
#112
BigOrangeMojo said:
If an individual uses those in the creation of income as part of a small business, them yes, they can deduct them as an expense...

no different than hog getting a penile implant to help his OnlyFans career. He can deduct that...
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All these nuance is why we have a million page tax code.

And why are poorer people exempt from paying anything? Just something. Be a part of the system.
This is a feudal system
 
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#114
#114
Orangeburst said:
All these nuance is why we have a million page tax code.

And why are poorer people exempt from paying anything? Just something. Be a part of the system.
This is a feudal system
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Poorer people are exempt because that's how the laws are written....
 
#116
#116
Orangeburst said:
That was my point..Tax Code blows balls.
I say if you dont pay taxes, you dont vote.
If you are 16 and pay taxes you vote.
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Does that mean Trump can't vote most years? If he's not eligible to vote, is he not eligible to run?

(Yes, I'm aware he pays other kind of taxes)
 
#117
#117
BigOrangeMojo said:
Does that mean Trump can't vote most years? If he's not eligible to vote, is he not eligible to run?

(Yes, I'm aware he pays other kind of taxes)
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You are just being antagonist and know what I meant.
Then why bring up such?
 
#119
#119
BigOrangeMojo said:
Not reporting your business income isn't an honest mistake....
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What if someone’s co-worker appreciates that their friend at work helps them out a lot and gives them a gift of $1,000 through Venmo? It’s not business income as it’s just a gift from one friend to another. If that’s not reported is that considered being dishonest? I could see the IRS trying to make an issue out of something like that.
 
#120
#120
hUTch2002 said:
What if someone’s co-worker appreciates that their friend at work helps them out a lot and gives them a gift of $1,000 through Venmo? It’s not business income as it’s just a gift from one friend to another. If that’s not reported is that considered being dishonest? I could see the IRS trying to make an issue out of something like that.
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As long as you don't say it's for "Goods and services", it won't be reported...
 
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#121
#121
hog88 said:
Yes it will. No paying your buddy using Venmo who does a side job for you on the weekend. Gonna have to be straight cash until they do away with that.
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Not just that. In the past I’ve used Venmo for all kinds of things, such as collecting money for a MM pool to allowing people to pay for a kid’s fundraiser item through Venmo. I guess not moving forward since it appears to be $600 per year, not per item. I don’t want it to look like I’m running some business when Venmo is nothing but a pass through.

Edit: In light of the last response from BOM maybe I’m good as long as it isn’t marked as for goods and services.
 
#123
#123
BigOrangeMojo said:
To play devil's advocate, they do need some funding to update systems and get to some reasonable level of staffing. I have no issue if they went after known areas of fraud: PPP and EITC. I'm afraid they are just hiring to create a bureaucracy...
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The more staff and money someone manages in a bureaucracy the higher his level of importance and the greater his paycheck. Empire building is always alive and well in a bureaucracy.
 
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#125
#125
hUTch2002 said:
What if someone’s co-worker appreciates that their friend at work helps them out a lot and gives them a gift of $1,000 through Venmo? It’s not business income as it’s just a gift from one friend to another. If that’s not reported is that considered being dishonest? I could see the IRS trying to make an issue out of something like that.
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They'd claim money laundering for drugs
 
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