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Do we know anyone with a famous name who might be having tax troubles?/s
1 posted on 01/13/2024 5:50:20 PM PST by dynachrome
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To: All

I have to pay every penny or else. Others . . not so much.


2 posted on 01/13/2024 6:00:56 PM PST by BipolarBob (My investment choice for 2024 is pre-ban menthol cigarettes. )
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To: dynachrome

Tax bills? Why bother? They just print it anyway.


4 posted on 01/13/2024 6:11:19 PM PST by mikey_hates_everything
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To: dynachrome

I’m simply going to stop paying. Let’m come and get me. They can pay for my upkeep.


5 posted on 01/13/2024 6:13:31 PM PST by devane617 (Discipline Is Reliable, Motivation Is Fleeting..)
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To: dynachrome

I made an honest error on my tax returns some years ago. I was billed plus interest. I did not complain as it was my error and just a few hundred dollars. I paid and everyone else should pay also.

I use an accountant now.


6 posted on 01/13/2024 6:26:52 PM PST by cpdiii (cane cutter-deckhand-oilfield roughneck-drilling fluiids tech-geologist-pilot-instructor-pharmacist)
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To: dynachrome

as a wise man once said: beware of ‘greeks’ bearing gifts.


8 posted on 01/13/2024 6:34:26 PM PST by dadfly
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To: dynachrome
The IRS once dinged me for five figures in interest and penalties because they spent two years sending the notice of my filing error and the bills to the wrong address. When they finally caught up with me I pointed out that I'd been employed, 'paying' deductions, and filing 1040s all the while, so it wasn't my fault they couldn't find me.


Their agent's reply was it wasn't their fault I hadn't paid the correct taxes in the first place.

10 posted on 01/13/2024 7:34:05 PM PST by threefinger
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To: dynachrome

I had an insurance agency client, (now retired for many year), with about $3 million in sales. The agency usually gets about a 15% margin so the cost of insurance sold was about $2.5 million, giving a $500K margin to cover salaries and overhead costs. Profit was usually about $50K.

The IRS sent a letter stating that I made an error on the corporate return and added the cost of insurance sold rather than subtracting it, thus showing a profit of over $5 million. My client received a tax bill for about $2 million.

My client had a heart condition!

It was easy to get corrected, but the stupidity on the part of the IRS was prevalent.


12 posted on 01/13/2024 11:41:00 PM PST by tired&retired (Blessings )
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To: dynachrome

IRS waives penalty for taxpayers with tax bills from 2020 and 2021.

Hunter buys another pipe.


13 posted on 01/14/2024 8:52:40 AM PST by Vaduz
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To: dynachrome

This all about bringing back home Democrat voters.


14 posted on 01/14/2024 3:13:18 PM PST by Robert DeLong
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