Dnarever wrote on Aug 21
st, 2022 at 7:10pm:
Bobby. wrote on Aug 21
st, 2022 at 6:23pm:
Dear Bobby
You do know that you don't have to post all the really stupid crazy stuff don't you?
Please tell me that you do know that this is totally untrue.
Keep up to date would you?
Aug 19, 2022
https://cointelegraph.com/news/biden-is-hiring-87-000-new-irs-agents-and-they-re... Biden is hiring 87,000 new IRS agents —
and they're coming for you
The Internal Revenue Service is hiring a fleet of new agents. And they’re probably coming for you — regardless of your income level.
The Inflation Reduction Act, signed into law this month by President Joe Biden, empowers the IRS with nearly $80 billion in new funds. The world’s most powerful tax collection agency is using the money to go on a hiring spree to fuel much tougher enforcement efforts.
It is widely assumed that the audits will be brutal and widespread. Taxes start with tax returns, which must be signed under penalties of perjury. The Biden administration has said that the audits on steroids are for fat cats who have escaped having to pay their fair share for too long. The administration has suggested the IRS would perform no new audits on anyone making less than $400,000 annually. Republicans tried to include that in the law, but every Senate Democrat voted against the amendment, as well as IRS audit protection for those earning less than $400,000.
In other words, American taxpayers at every income level are fair game regardless of income. So buckle up, and think about whether your taxes — and records — are vulnerable. How would they look under a microscope? Tax returns must be signed under penalties of perjury. What’s more, if you try to change that language, the IRS says it doesn’t count as a tax return — which means your statute of limitations on an audit never begins. You can be audited forever.
There is no 87,000 new agents in any of the documentation.
The current untenable situation is that the IRS have a budget too small to be able to follow up the bigger cases. They only investigate the average tax payer because they are not financed to chase the multinationals. This financing for the IRS is specifically to allow them to make the biggest companies pay some tax. There is no new provision to do anything with average taxpayers.
They also go on about IRS agents being armed. There are a small number of Agents who are armed, The legislation allowing for this is over 100 years old.