Archived material Access restricted Article

Today's Front Page   View All of Wed 06/03/2020 View Tue 06/02/2020 View Mon 06/01/2020 View Sun 05/31/2020 View Sat 05/30/2020 View Fri 05/29/2020 View Thu 05/28/2020
2020-06-03 Government
Treasury IG: 879,000 High-Income Earners Didn’t File Tax Returns
Archived material is restricted to Rantburg regulars and members. If you need access email with your nick to be added to the members list. There is no charge to join Rantburg as a member.
Posted by 3dc 2020-06-03 00:00|| E-Mail|| Front Page|| [291 views ]  Top

#1 The IRS did not work 369,180 high-income nonfilers, with an estimated tax due of $20.8 billion. Of the 369,180 high-income nonfilers, 326,579 were not placed in inventory to be selected for work, and 42,601 were closed out of the inventory without ever being worked.

But it's so haaard.

As per usual, the organs will only go after the easiest targets.
Posted by charger 2020-06-03 00:16||   2020-06-03 00:16|| Front Page Top

#2 and will likely not be pursued as resources decline.

Sure as hell not through a reduction in forcer - still around 80,000 last I checked, all of them still getting paid as they still refuse to take my phone calls.

The only thing they have going for them here - no tax return means the statute of limitations hasn't run let. Jeez - it's not difficult to go get this money.

The sadder (but not surprising) part of this - the utter lack of interest by IRS employees. I'd give up my practice for 5% commission and turn me loose for five years; I could retire a multi-millionaire in about two years.
Posted by Raj 2020-06-03 00:37||   2020-06-03 00:37|| Front Page Top

#3 It is most likely the same people year over year. It is tough to give up that extra 30-40 percent each year. Additionally if you owe the IRS a few thousand they want it all plus penalties. If you owe the IRS millions they usually settle for pennies on the dollar. So if you are going to cheat, cheat big!
Posted by Airandee 2020-06-03 06:31||   2020-06-03 06:31|| Front Page Top

#4 Only the ones who have made political contributions to the "wrong" side will get any attention.
Posted by M. Murcek 2020-06-03 09:20||   2020-06-03 09:20|| Front Page Top

#5 If you owe the IRS millions they usually settle for pennies on the dollar.

Offers in compromise are, generally speaking, difficult to get the IRS to consent to. The two stated criteria for relief are doubt as to liability and doubt as to collectability. In this case there is a third criteria - the ability for them to use high priced lawyers / CPA's to 'create' a suitable condition for relief. Also - OIC lawyers (like my tax lawyer colleague, Matt M.) can do this simply by knowing and being familiar with OIC staff (i.e., cut deals). I don't know how prevalent that last part is but we're pretty sure it happens.
Posted by Raj 2020-06-03 10:47||   2020-06-03 10:47|| Front Page Top

#6 2014 to 2016 so I assume it was when Lois Lerner was working so hard on the Tea Party.
Posted by Abu Uluque 2020-06-03 12:51||   2020-06-03 12:51|| Front Page Top

#7 Al Sharpton?
Posted by gorb 2020-06-03 22:01||   2020-06-03 22:01|| Front Page Top

23:56 Clem
23:34 Alaska Paul
23:23 Clem
23:21 Clem
23:05 Secret Master
22:59 Secret Master
22:49 charger
22:40 Woodrow
22:37 Woodrow
22:21 Lex
22:13 Clem
22:12 Clem
22:01 gorb
21:58 gorb
21:48 Chris
21:48 charger
21:47 Chris
21:46 Chris
21:43 Chris
21:41 gorb
21:41 charger
21:35 rjschwarz
21:17 3dc
21:10 3dc

Search WWW Search