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Post Number: 1
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TheCatt
Top 2%
Group: Super Administrators
Posts: 22951
Joined: May 2004
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Posted on: Mar. 05 2016,08:46 |
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Just curious....
-------------- It's not me, it's someone else.
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Post Number: 2
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TPRJones
I saw The Fault in our Stars opening night.
Group: Privateers
Posts: 12384
Joined: May 2004
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Posted on: Mar. 05 2016,09:26 |
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When I find a loophole I use it. My capital investments aren't a big percentage of my income but they do provide the occasional opportunity here and there to shave some off the totals.
-------------- Vidi Perfutui Veni
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Post Number: 3
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Malcolm
I disagree.
Group: Privateers
Posts: 27168
Joined: May 2004
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Posted on: Mar. 05 2016,09:49 |
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Anything you can get away with on taxes isn't cheating.
cheating = illegal/forbidden action that causes a disciplinary reaction not cheating = everything else
Any time I have a question about where to draw that line, I look at charts like this ...
... and conclude the gov't can go fuck itself.
Edited by Malcolm on Mar. 05 2016,09:52
-------------- Diogenes of Sinope:
"It is not that I am mad, it is only that my head is different from yours."
"Other dogs bite only their enemies, whereas I bite also my friends in order to save them."
Arnold Judas Rimmer, BSC, SSC:
"Better dead than smeg."
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Post Number: 4
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TheCatt
Top 2%
Group: Super Administrators
Posts: 22951
Joined: May 2004
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Posted on: Mar. 05 2016,10:32 |
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I have friends who will fill out their taxes with multiple software packages, then take whichever gives them the biggest return. Interestingly enough, the tax code is pretty deterministic about these people's situations... it's interesting to see how many of the software packages therefore must have bugs.
Years ago I accidentally mis-reported some Schedule D stuff (cap gains), so I cheated the government, but it was a mistake I didn't realize until a year later.
Currently, I own a business, and so there are some things I do that are probably grey. I feel like I could defend them well enough (more likely than not to be valid), but also feel there's a chance the IRS would say no if they audited me.
-------------- It's not me, it's someone else.
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Post Number: 5
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GORDON
90%
Group: Super Administrators
Posts: 36125
Joined: Jun. 2004
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Posted on: Mar. 05 2016,15:23 |
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There are a few things you can deduct that the IRS does not require proof for, until a certain level, and there are some excuses they will accept if they catch you in certain other things that also do not require proof.
So, hell yes.
Theoretically. I of course say this just to encourage conversation because I would never cheat on my taxes because that is bad and wrong. It's b'd'ong.
-------------- I don't give a fuck!
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Post Number: 6
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Post Number: 7
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GORDON
90%
Group: Super Administrators
Posts: 36125
Joined: Jun. 2004
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Posted on: Mar. 05 2016,18:16 |
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Charitable donations, for example. I believe the limit is $500, without needing receipts.
And apparently "all my records were on my smart phone and I lost them when it crashed" is an acceptable excuse for he IRS. I was told. By the IRS enrolled agent.
-------------- I don't give a fuck!
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Post Number: 8
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Post Number: 9
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GORDON
90%
Group: Super Administrators
Posts: 36125
Joined: Jun. 2004
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Posted on: Mar. 06 2016,11:29 |
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(Malcolm @ Mar. 06 2016,13:27)
QUOTE (GORDON @ Mar. 05 2016,20:16)
QUOTE Charitable donations, for example. Â I believe the limit is $500, without needing receipts. Â
And apparently "all my records were on my smart phone and I lost them when it crashed" is an acceptable excuse for he IRS. Â I was told. Â By the IRS enrolled agent. That's not cheating, that's an accepted lie with no repercussions. Well then I'd change my answer, but it all seems to be the same level of illegality no matter what you call it.
-------------- I don't give a fuck!
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Post Number: 10
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Alhazad
Custom titles are for closers.
Group: "Members"
Posts: 959
Joined: May 2004
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Posted on: Mar. 07 2016,09:28 |
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(Malcolm @ Mar. 06 2016,10:27)
QUOTE (GORDON @ Mar. 05 2016,20:16)
QUOTE Charitable donations, for example. Â I believe the limit is $500, without needing receipts. Â
And apparently "all my records were on my smart phone and I lost them when it crashed" is an acceptable excuse for he IRS. Â I was told. Â By the IRS enrolled agent. That's not cheating, that's an accepted lie with no repercussions. One assumes it gets noted on your file to catch habitual users.
-------------- We're Back: A Dinosaur's Story
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Post Number: 11
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Malcolm
I disagree.
Group: Privateers
Posts: 27168
Joined: May 2004
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Posted on: Mar. 07 2016,09:32 |
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(Alhazad @ Mar. 07 2016,11:28)
QUOTE (Malcolm @ Mar. 06 2016,10:27)
QUOTE (GORDON @ Mar. 05 2016,20:16)
QUOTE Charitable donations, for example. Â I believe the limit is $500, without needing receipts. Â
And apparently "all my records were on my smart phone and I lost them when it crashed" is an acceptable excuse for he IRS. Â I was told. Â By the IRS enrolled agent. That's not cheating, that's an accepted lie with no repercussions. One assumes it gets noted on your file to catch habitual users. They generally don't send out auditors unless there's profit to be made.
-------------- Diogenes of Sinope:
"It is not that I am mad, it is only that my head is different from yours."
"Other dogs bite only their enemies, whereas I bite also my friends in order to save them."
Arnold Judas Rimmer, BSC, SSC:
"Better dead than smeg."
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Post Number: 12
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TheCatt
Top 2%
Group: Super Administrators
Posts: 22951
Joined: May 2004
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Posted on: Mar. 07 2016,10:33 |
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If you make less than $200k, your odds are being audited are less than 1%.
Auditing/staffing funding at the IRS is way down. Their computer system is ancient and can only catch the most obvious issues (mismatched 1099s or W2s, etc). There is no/little big data analysis there. They can't catch much.
-------------- It's not me, it's someone else.
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