You are out of your MIND!
I say this because so many innocent people are going to be caught up in this, just you wait. With 87,000 more IRS agents they are going to come knocking on your door soon...
It has already started. I just got an email saying my quickbooks tax id # did not match with the IRS records. For the last 6.5 years I have had a sole proprietorship LLC and as such it is a disregarded entity. My TIN cross references to my SS#. Not a problem for the last 6.5 years. Now all of a sudden a “warning” notification from Intuit (not phishing)
Also if you use Vemmo, Zelle, etc to collect REFUNDABLE deposits such as a security deposit and refund some of that, the IRS doesn’t see the refund...just the “income.” Some naive landlords suggest that “ When you get audited explain to the nice IRS agent that it is a refundable deposit and that is why you didn’t claim it as income.”
Ummm yeah right. With those 87K armed new agents gunning (literally) for conservative small biz owners and landlords, I’ll just add an expense line for “return of sec dep.”
I say this because so many innocent people are going to be caught up in this, just you wait. With 87,000 more IRS agents they are going to come knocking on your door soon...
The govt thinks it is no big deal, just computers moving electrons.
But this is another straw on top of so many other regulations straws it has us pinned to the ground with all the weight of straws.