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To: SeekAndFind

Thoughts:
A. My guess is the IRS had already started investigating him, with mixed thoughts.. They hunger for the tax to be collected but hate to take it from a privileged minority.
B. I wouldn’t hold my breath waiting for a reporter, or any liberal for that matter, to feel shame. Just newsfodder to keep people from thinking about the monster debt, the illegals coming in with their hands out and their diseases spreading..


7 posted on 12/16/2014 6:48:10 AM PST by ArtDodger
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To: ArtDodger

There is no need for the IRS to do any investigation. Brokerage houses report all trades on a 1099, and after 2011 that includes the cost basis as well. If you ‘forget’, a computer will send you an automated bill.


13 posted on 12/16/2014 7:11:29 AM PST by proxy_user
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To: ArtDodger

When you trade, which I did for a living for many years. you have 2 options. You can have tax taken out with some firms or no tax is taken out and you pay your own when you file. No need for the IRS to investigate. The trading shop sends the amounts traded straight to the IRS and it is up to you to reconcile the amounts when you file taxes. The IRS used to get huge checks from me.
I figured the story was a hoax. You need a large amount of cash to even start daytrading anymore.


22 posted on 12/16/2014 8:10:10 AM PST by sheana
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