The won gets the umbrella.
WE are Free Republic!!! ALL of us!!!
Please Contribute Today!
Posted on 05/17/2013 4:24:04 PM PDT by 2ndDivisionVet
You consider yourself a law abiding citizen, and you are not starting a nonprofit organization with conservative ties.
Even so, you may be a candidate for a tax audit—and you may have no clue what you have done to warrant the attention of the IRS.
The nation's tax collectors have long made it a practice to look for discrepancies, omissions and suspicious activity to uncover tax evasion and fraud. And lately, the IRS has expanded its monitoring to include social media.
The agency now keeps an eye out for online discussions about nonpayment or underpayment of taxes, and even sale prices of goods on sites like eBay that don't match what taxpayers report.
In a world where companies like Amazon can keep tabs on consumers' online activities, the shift by the IRS is reasonable, says Edward Zelinsky, a law professor at Cardozo Law School. "This was always known to people in the tax community that the IRS, like everybody else in the 21st century, was monitoring online."
But Zelinsky is just one expert concerned about the lack of transparency around the IRS' practices. The agency "is so secretive about what is going on that that really erodes public confidence," he said.
The American Civil Liberties Union has also expressed qualms about IRS secrecy. That group filed a Freedom of Information Act request for documents explaining whether the IRS always obtains search warrants to read email and other electronic communications. "Unfortunately, while the documents we have obtained do not answer this question point blank, they suggest otherwise," wrote Nathan Freed Wessler, a staff attorney at the ACLU.
So how can you know if you are under scrutiny? You can't know exactly, but some moves are more likely than others to attract attention.....
(Excerpt) Read more at cnbc.com ...
My husband and I have been married 41 years July 15th. We’ve been audited MOST of those years. It is always scary to get that letter! SO far, we’ve always been exonerated and have sometimes gotten more back than we claimed. Once we were told we owed less than a dollar, and it instructed us not to pay anything less than $1. So we didn’t. Recently we started having our taxes done. It is pricey, but we rest better!
I’d rather kill myself. FUBO!
Same kind of thing happened to me. I kept a small account at BofA and the kids had two piggbank accounts. I cashed a BofA check from a guy who I thought might try to stiff me. I took it straight to BofA cashed the bulk and deposited enough to bring my account to the “free” level.
After I cashed the check, sure enough the chump called BofA and stopped payment. Problem was it had already been cashed. BofA froze all three accounts! And wanted the cash back.
I had the receipt and when I showed the bank manager the slip, you should have seen her face. It was pale then beet red. She very quickly unlocked the accounts disclaimed her collection letter, tried walking back the banks culpibility and started offering free banking services for up to 5 years.
I took the 5 year deal. The real funny part to this story came 6 months later when the bank “lost” three checks on a weekly deposit after the teller listed them on my deposit slip. I closed the account as soon as they found the checks and the problem. I cringe when I see so much ATM/Debit/Credit card usage.
lol have a hot check for ten grand from a client> it makes life miserable.
Was lucky the bank Pres came to my rescue and dumped the 100 check surcharges of 35.00 ea! Because of course I paid my bills with it! The merchants were harder but all rescinded as well! It was finally rectified but it took a broken nose not mine!
aaahh.....you voted for Romney?
bookmark
It is truly disgusting what the Obamunists are doing to our once great nation.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.