These businesses should send back a letter questioning whether the federal government is overspending its budget
how long are we going to sit by and watch this crook and his minions get away with this...this asshole traitor needs to be stopped, is there no one in congress with balls.....
The IRS already monitors Facebook posts to try to determine if you are purchasing things with money that has not been declared.
I hope you are reading this NSA.
Never, ever, never, ever, underreport income. Way too easy to be caught on that side of the ledger.
If I use my debit card 30 times a month, I get a very good interest rate on my checking account. I use it almost every work day to buy coffee at DD. With programs like this, it is not surprising that more and more is done with credit cards.
An unusually large percentage of small business owners are conservatives. I think that is what is really behind this.
Why cheat on your taxes?
Just take out a big student loan and don’t repay it.
You don’t even have to report it as income.
Millions of others have paved the way and they aren’t all poor people at the bottom of the income ladder.
the last list I saw of people who hadn’t repaid their loans included, doctors, lawyers, politicians, college profs, etc.
The obvious solution to problems like this is to do away with the income tax and the IRS, and replace them (with reduction) by sales taxes, which are simpler to collect.
If they keep this up, small business owners are going to go nuts and waste endless hours of their time crossing all the t’s and dotting the i’s. I already spend an inordinate amount of time doing my personal income taxes, and they aren’t even all that complicated—relatively speaking. But they give me an annual headache. Literally.
At least some small business owners will throw up their hands and go out of business, or lay off some of their staff, or take other measures to simplify their burdensome taxes. Burdensome both financially and as heavy weights on their time and sanity.
It's the way of the totalitarian left.
Small business is one of the financial oligarchy’s biggest enemies.
Small business is the primary path from servitude to wealth.
The financial oligarchy does not want “the masses” gaining wealth, since that - coupled with some “hidden in plain sight” knowledge and some teamwork - would eventually lead to a direct confrontation of the corruption of the financial oligarchy.
When the occasional individual scratches and claws their way to the wealth, they find themselves investing in and accepting debt and equity financing from the capital markets, which are controlled by the financial oligarchy. Thus, a tremendous amount of force builds up on the newly wealthy person to adopt the agenda and methods of the financial oligarchy.
I guess those receiving the letters did not donate enough, or at all, to King Zero’s re-election and must now pay the penalty for such obstinance.
We have a “very small” Mom & Pop shipping business called GoinPostal.90% of our business is credit cards. We have so little petty cash that we can’t even buy lunch from it. I hope they send me such a letter so I can screw with them. It could be a lot of fun or maybe they will make my life hell. I am too old to let them bother me so bring it on IRS.
Same kind of punitive abusive crap occurred with the king and all the kings men, just prior to Revolution #1.
Nothing different....
Those who gain power want more power, more control, more of your assets and more and more of your money...
Either people eventually put a stop to this, or they ultimately become slaves to those in government.
Just wrapped up an audit. Ended up costing me about a grand. They dinged me on my mileage.
I could account for every nickel that came into the business. It would have been a nightmare had I not kept very good records.
But the interesting thing was that the file was opened in May 2012. They never contacted me until March 2013.
Sales trends for years has been more plastic (credit and debit cards) and less checks and cash.
Ever notice how Chinese restaurants don’t (usually) ring up your purchase? I am sure it’s because they don’t report what they earn. They buy enough food supplies to make 3500 meals and only sell 545 per week. Gosh. LOL
My wife’s temple got one of these. It scared the crap out of the clergyman. He’s sent them a copy of all of his receipts for the collections.
meanwhile, it is said to be sequestration that is delaying refunds due to seniors (who qualify with high medical expense deductions way over the % AGI limitations).
Democrats hate small business owners. They are to the Democrats what the Kulaks (small farm private landowners) were to the Marxists during the Russian Revolution.