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Americans warned about looming IRS audits of Venmo payments: 'They're targeting you'.
Fox News ^ | 12.06.2022 | Madeline Coggins

Posted on 12/06/2022 4:48:00 PM PST by Carriage Hill

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To: Carriage Hill

84,000 armed IRS agents coming to help you file your taxes correctly.


41 posted on 12/06/2022 5:22:34 PM PST by E. Pluribus Unum (The worst thing about censorship is ████ █ ██████ ███████ ███ ██████ ██ ████████.)
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To: PeterPrinciple

Yep - ridiculous paper work and phone calls and emails and snail mail - call us wait on the phone for 1 hour for IRS and if you don’t we garnish your paycheck, bank account, zelle account, venmo account, etc...


42 posted on 12/06/2022 5:25:10 PM PST by frogjerk (More people have died trusting the government than not trusting the government.)
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To: frogjerk

And six years after that the IRS will be back on the same issue.
Then they will ignore any documentation you have in favor of stabbing you in the butt...again


43 posted on 12/06/2022 5:25:37 PM PST by South Dakota (Patriotism is the new terrorism )
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To: monkeyshine

Going to cause a lot of grief and pushback, and maybe that will be enough to change the regulations again.


As I stated in another post, it is another straw that in and of itself may not seem like much but with all the other regulation it only takes one straw to pin us to the ground.

https://www.merriam-webster.com/dictionary/the%20straw%20that%20breaks/broke%20the%20camel‘s%20back

Did we ever wonder about the origination of the saying?


44 posted on 12/06/2022 5:25:48 PM PST by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: proxy_user
They are not going to waste time auditing small transactions.

With 87000 more agents looking for something to do don't be so sure.

45 posted on 12/06/2022 5:26:14 PM PST by frogjerk (More people have died trusting the government than not trusting the government.)
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To: Carriage Hill

My understanding is this doesn’t count money sent to “friends and family”, only “goods and services” type transactions. Am I correct? Still seems like a mess waiting to happen

I barely use these services except to send money to family rarely


46 posted on 12/06/2022 5:29:00 PM PST by Nomad577
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To: Carriage Hill

https://english-grammar-lessons.com/the-straw-that-broke-the-camels-back-meaning/

The Straw that Broke the Camel’s Back – Meaning, Origin and Usage
May 18, 2022 Pearson
Are you looking for an expression to tell someone that you’re at the tipping point of your emotional scale? Are you looking for a veiled warning to get the other person to stop their words or actions? If that’s the case, you could use “the straw that broke the camel’s back” to tell them you’ve had it with their behavior. This post unpacks this expression’s meaning and origin.

Meaning
The “straw that broke the camel’s back” means an action or conversation that causes a person to reach their breaking point. It describes an inflection point and causes a change, either in the situation or in the person’s behavior.

Example Usage
“That’s the straw that broke the camel’s back. I’m not willing to do any more of this additional work until you compensate me for it. I don’t work for free, and I demand overtime.”

“Telling Sally that he was out with friends that night was the straw that broke the camel’s back in their relationship. He didn’t realize Sally saw him with her and told Kim about it. Now she’s breaking up with him.”

“Losing that account because of failed record-keeping was the straw that broke the camel’s back for management. They decided to invest in the CRM system at the next management meeting.”

“Getting caught by the police was the straw that broke the camel’s back for my mom. She told me that if the cops ever brought me home, she would send me off to boarding school for good.”


47 posted on 12/06/2022 5:29:16 PM PST by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: Reno89519

“Everyone should be reporting their income, honestly and completely, let’s all play fair.”

What planet are you from?
Cheating the taxman is as American as Mom and Apple pie!
I applaud those who successfully deprive the Deep State of a portion of their hard won income. Once the thieves in DC skim the cream they’re just going to spend what’s left to crush the productive elements of society.


48 posted on 12/06/2022 5:29:45 PM PST by oldvirginian (When I was a kid I wanted to be older…this is not what I expected)
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To: frogjerk

It is already a nightmare and about to get a whole lot worse.

My son owed $1500 in taxes about 5 years ago. He worked out a payment plan, paid it off over a year, has documents, cancelled checks and even a statement from the IRS it was paid in full. He STILL gets a notice a few times a year with more and more penalties tacked on to this bill. He has to spend hours with agents, it takes weeks, he ends up sending all the paperwork in again, and again, and again. It is never resolved. He has tried to go up the chain of management, he has tried contacting his reps.

Some of the people on this thread are clueless concerning what a nightmare this will be.


49 posted on 12/06/2022 5:33:15 PM PST by LilFarmer
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To: Carriage Hill

Dems claim they are going after billionaires.

In the end, they target thr little guy.

Idiot voters never learn.


50 posted on 12/06/2022 5:35:58 PM PST by Red in Blue PA (You can vote your way into socialism, but you have to shoot your way out.)
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To: Scrambler Bob

IRS “logic”: Sell a $20,000 Rolex for $700 and you must report that “gain”.


51 posted on 12/06/2022 5:39:39 PM PST by Red in Blue PA (You can vote your way into socialism, but you have to shoot your way out.)
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To: LilFarmer

Once you are on their radar it never ends. And with Diaper Joe in the White House the IRS is very vindictive.


52 posted on 12/06/2022 5:40:14 PM PST by frogjerk (More people have died trusting the government than not trusting the government.)
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To: Red in Blue PA

CNN is telling the zombots that the IRS is going after eeeevvvviiiil big corp. I know bc I had this discussion with a leftist customer.


53 posted on 12/06/2022 5:43:31 PM PST by AbolishCSEU (Amount of "child" support paid is inversely proportionate to mother's actual parenting of children)
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To: Red in Blue PA

That Bidet&Co BS of “people who make over $400,000” was total crap; as you said, they’re after the Middle Class — us. Instead of funding 87,000 new IRS Agents, why not fund 50,000 new Border Patrol Agents, and seal the border.


54 posted on 12/06/2022 5:46:09 PM PST by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: Nomad577

That’s my perception as well, but if I used it at all, I’d make sure I had all cancelled receipts and paperwork in order.


55 posted on 12/06/2022 5:49:13 PM PST by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: Red in Blue PA

If contacted by the IRS, I will tell them to pound sand. When I have income I will let them know, which means NEVER. When I worked I got wages, they are not income. Income is an increase in valuation. Say I bought stock at $1,000, and in a few years I sell it for $10,000, that would be income. If we would all just raise a middle finger toast to the IRS, they would melt away. Except for idiots who thing that them trading their life force away for an equal amount agreed upon funds is income. It is a no gain situation, it benefits both, and is not an increase from $0 to $50000. If it was, you should be able to deduct every expense from housing, to teeth cleaning.


56 posted on 12/06/2022 5:49:20 PM PST by Glad2bnuts ("None of the people I know who didn't take take the Jab regrets their decision" ZERO)
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To: Carriage Hill

Ebay already does at the old 20k threshold...now it’s 600.
So yeah...expect 1099’s


57 posted on 12/06/2022 5:50:41 PM PST by Adder (ALL Democrats are the enemy. NO QUARTER!!)
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To: Vermont Lt

When peoples’ bank accounts become unavailable, and it all becomes phony digital money that they control, all hell’s going to break loose.


58 posted on 12/06/2022 5:52:22 PM PST by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: Glad2bnuts

If contacted by the IRS, I will tell them to pound sand.


And the computer system will not hear you and doesn’t care.

I knew older people who would write a 5 page personal letter to the IRS.

In truth, there are no people with knowledge or common sense at IRS anymore. They just do what the computer tells them.


59 posted on 12/06/2022 5:55:50 PM PST by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: Striperman

Same rules apply as any other business so long as u have receipts. And that’s the rub...they have instituted a massive cost on little people to maintain minute records OR pay the taxes owed.


60 posted on 12/06/2022 5:56:15 PM PST by Adder (ALL Democrats are the enemy. NO QUARTER!!)
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