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Have had $$$ in high yield savings account - will IRS track me down for taxes?
| sick jewess whorehouse | 08/16/24 |
| Talented People Who Are Hurt Base | 08/16/24 |
| sick jewess whorehouse | 08/16/24 |
| burgundy mind-boggling mental disorder | 08/16/24 |
| Crimson Gunner Home | 08/16/24 |
| burgundy mind-boggling mental disorder | 08/16/24 |
| Crimson Gunner Home | 08/16/24 |
| burgundy mind-boggling mental disorder | 08/16/24 |
| walnut histrionic corner | 08/16/24 |
| Appetizing outnumbered persian resort | 08/16/24 |
| burgundy mind-boggling mental disorder | 08/16/24 |
| sick jewess whorehouse | 08/16/24 |
| burgundy mind-boggling mental disorder | 08/16/24 |
| Crimson Gunner Home | 08/16/24 |
| french partner crackhouse | 08/16/24 |
| bateful blue prole | 08/16/24 |
| slate frisky therapy | 08/16/24 |
| pearly geriatric hunting ground | 08/16/24 |
| Lime puppy mexican | 08/16/24 |
| Azure Electric Hall | 08/16/24 |
| bat-shit-crazy hominid | 08/16/24 |
| burgundy mind-boggling mental disorder | 08/16/24 |
| bipolar self-absorbed pozpig locus | 08/16/24 |
| concupiscible internal respiration ratface | 08/16/24 |
| french partner crackhouse | 08/16/24 |
| excitant ape | 08/16/24 |
| exhilarant aqua travel guidebook | 08/16/24 |
| garnet 180 box office wrinkle | 08/16/24 |
| slate frisky therapy | 08/16/24 |
| Beta white marketing idea | 11/05/24 |
| bipolar self-absorbed pozpig locus | 08/16/24 |
| Racy senate | 08/16/24 |
| Dashing Kink-friendly Stead Idea He Suggested | 08/16/24 |
| Sepia violent point turdskin | 08/16/24 |
| burgundy mind-boggling mental disorder | 08/16/24 |
| Spectacular nubile library | 08/16/24 |
Poast new message in this thread
Date: August 16th, 2024 12:08 PM Author: sick jewess whorehouse Have parked a bunch of money in a HYSE and have earned about $250k in interest. From my understanding this should be treated as taxable income. If my (((accountant))) doesn't report it as such is the IRS going to knock down my door? (http://www.autoadmit.com/thread.php?thread_id=5577100&forum_id=2#47972773) |
Date: August 16th, 2024 12:09 PM Author: Talented People Who Are Hurt Base Why wouldn't you report it, they send you a tax form
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Date: August 16th, 2024 12:11 PM Author: sick jewess whorehouse My accountant does my taxes and even in years I expect to owe I end up with a big refund. I don't ask questions. I'm not sure if he'll report it this year but assuming he doesn't am I under any obligation to tell him to? (http://www.autoadmit.com/thread.php?thread_id=5577100&forum_id=2#47972783) |
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Date: August 16th, 2024 12:14 PM Author: burgundy mind-boggling mental disorder Yes, you can't shift your burden of tax obligation compliance by blaming your tax pro or by being blind to what your accountant is doing (http://www.autoadmit.com/thread.php?thread_id=5577100&forum_id=2#47972790) |
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Date: August 16th, 2024 12:19 PM Author: Crimson Gunner Home you actually can, if there's plausible deniability. that's why HNW people hire accountants. the accountants take the liability. (http://www.autoadmit.com/thread.php?thread_id=5577100&forum_id=2#47972807) |
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Date: August 16th, 2024 12:22 PM Author: burgundy mind-boggling mental disorder i deal with mostly normalish income people (lumpenprole through modest UMCs) so i will confess that i don't know how it works at the super high levels where you're some guy with 9 figs and have a big four firm doing your taxes. but IME, "my accountant screwed up" tends to not be well-received as an argument even when it's clear they DID screw up, egregiously. i've occasional gotten a partial compromise on penalties on that (not interest - never interest, lol) but it's always an uphill battle (http://www.autoadmit.com/thread.php?thread_id=5577100&forum_id=2#47972819) |
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Date: August 16th, 2024 12:32 PM Author: Crimson Gunner Home CPAs have professional liability insurance. if the accountant actually did screw up, 1) you'll be able to get out of a 20% negligence penalty, and 2) you'll have a claim against your accountant.
for HNW people with complicated tax issues where there's gray areas and CPAs take aggressive positions to save their clients massive tax bills, what the clients are paying for is for the CPA to take the risk. |
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Date: August 16th, 2024 12:35 PM Author: burgundy mind-boggling mental disorder right that makes sense. that sort of risk-shifting also comes up especially in the international tax compliance space with tax attorneys, from what i understand, which is why they charge the big bucks (although i think the issue there is more often the utterly insane and plausibly unconstitutional penalty risk rather than taking aggressive positions per se) (http://www.autoadmit.com/thread.php?thread_id=5577100&forum_id=2#47972863) |
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Date: August 16th, 2024 12:10 PM Author: walnut histrionic corner Bank interest is like the most taxable thing (http://www.autoadmit.com/thread.php?thread_id=5577100&forum_id=2#47972780) |
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Date: August 16th, 2024 12:11 PM Author: Appetizing outnumbered persian resort (http://www.autoadmit.com/thread.php?thread_id=5577100&forum_id=2#47972782) |
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Date: August 16th, 2024 12:12 PM Author: burgundy mind-boggling mental disorder lol...bro the IRS doesn't have to "track you down". Literally a computer (in the Automated Underreporter Unit) will automatically flag that the income from the 1099-INT that will get generated and sent by bank to IRS didn't get reported on your return and you will get a letter. You'll ultimately get a balance due notice that will include interest and penalties. Ultimately it will go to collections and you could wind up dealing with levies etc. (http://www.autoadmit.com/thread.php?thread_id=5577100&forum_id=2#47972784) |
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Date: August 16th, 2024 12:13 PM Author: sick jewess whorehouse fma (http://www.autoadmit.com/thread.php?thread_id=5577100&forum_id=2#47972789) |
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Date: August 16th, 2024 12:15 PM Author: burgundy mind-boggling mental disorder just report and pay it man. never fuck with the IRS on something where there's a big institution that's gonna inevitably generate a form and create an inescapable paper trail. it's just lose-lose every time (http://www.autoadmit.com/thread.php?thread_id=5577100&forum_id=2#47972792) |
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Date: August 16th, 2024 12:20 PM Author: Crimson Gunner Home (http://www.autoadmit.com/thread.php?thread_id=5577100&forum_id=2#47972814) |
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Date: August 16th, 2024 2:13 PM Author: french partner crackhouse (http://www.autoadmit.com/thread.php?thread_id=5577100&forum_id=2#47973244) |
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Date: August 16th, 2024 2:26 PM Author: bateful blue prole Have seen a lot of crypto dudes MAF about these letters (http://www.autoadmit.com/thread.php?thread_id=5577100&forum_id=2#47973301) |
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Date: August 16th, 2024 2:56 PM Author: slate frisky therapy better than dealing with Levys amirite (http://www.autoadmit.com/thread.php?thread_id=5577100&forum_id=2#47973432) |
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Date: August 16th, 2024 2:56 PM Author: pearly geriatric hunting ground (http://www.autoadmit.com/thread.php?thread_id=5577100&forum_id=2#47973436) |
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Date: August 16th, 2024 3:22 PM Author: Lime puppy mexican this (http://www.autoadmit.com/thread.php?thread_id=5577100&forum_id=2#47973553) |
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Date: August 16th, 2024 12:15 PM Author: Azure Electric Hall What’s your net worth (http://www.autoadmit.com/thread.php?thread_id=5577100&forum_id=2#47972794) |
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Date: August 16th, 2024 12:17 PM Author: bat-shit-crazy hominid Yes - in the 150 year history of the IRS, they've never thought to look for money in "banks" - so income from banks is virtually untraceable. (http://www.autoadmit.com/thread.php?thread_id=5577100&forum_id=2#47972801) |
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Date: August 16th, 2024 12:23 PM Author: burgundy mind-boggling mental disorder lol (http://www.autoadmit.com/thread.php?thread_id=5577100&forum_id=2#47972822) |
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Date: August 16th, 2024 2:03 PM Author: bipolar self-absorbed pozpig locus (http://www.autoadmit.com/thread.php?thread_id=5577100&forum_id=2#47973208) |
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Date: August 16th, 2024 2:04 PM Author: concupiscible internal respiration ratface (http://www.autoadmit.com/thread.php?thread_id=5577100&forum_id=2#47973212) |
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Date: August 16th, 2024 2:13 PM Author: french partner crackhouse (http://www.autoadmit.com/thread.php?thread_id=5577100&forum_id=2#47973245) |
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Date: August 16th, 2024 2:56 PM Author: excitant ape (http://www.autoadmit.com/thread.php?thread_id=5577100&forum_id=2#47973431) |
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Date: August 16th, 2024 3:00 PM Author: exhilarant aqua travel guidebook jfc (http://www.autoadmit.com/thread.php?thread_id=5577100&forum_id=2#47973453) |
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Date: August 16th, 2024 3:20 PM Author: garnet 180 box office wrinkle lol fags (http://www.autoadmit.com/thread.php?thread_id=5577100&forum_id=2#47973546) |
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Date: August 16th, 2024 3:46 PM Author: slate frisky therapy (http://www.autoadmit.com/thread.php?thread_id=5577100&forum_id=2#47973646) |
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Date: November 5th, 2024 3:20 AM Author: Beta white marketing idea (http://www.autoadmit.com/thread.php?thread_id=5577100&forum_id=2#48284559) |
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Date: August 16th, 2024 2:03 PM Author: bipolar self-absorbed pozpig locus lol, they 1099 you for it, so yes
How is anyone this rich and this dumb |
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Date: August 16th, 2024 2:11 PM Author: Racy senate They will know abt it cause banks report it but secret is to just check the boxes for "black muslim transexual child attracted taxpayer" and then for the "from" box just pick "Guatemala". Congress recently passed a bill that excludes such persons from paying taxes. Enjoy! (http://www.autoadmit.com/thread.php?thread_id=5577100&forum_id=2#47973239) |
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Date: August 16th, 2024 2:53 PM Author: Dashing Kink-friendly Stead Idea He Suggested No ur in the clear, everyone itt are just risk averse nebbish dorks (http://www.autoadmit.com/thread.php?thread_id=5577100&forum_id=2#47973415) |
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Date: August 16th, 2024 2:58 PM Author: Sepia violent point turdskin They don’t catch every single person who fails to pay some of their taxes. You think they are that competent? Lol (http://www.autoadmit.com/thread.php?thread_id=5577100&forum_id=2#47973443) |
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Date: August 16th, 2024 3:28 PM Author: burgundy mind-boggling mental disorder for this issue it's literally just robots doing the work of flagging information they already have. this is the lowest hanging fruit for the IRS and they're very good at it. (http://www.autoadmit.com/thread.php?thread_id=5577100&forum_id=2#47973564) |
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Date: August 16th, 2024 3:26 PM Author: Spectacular nubile library This is flame because years ago I earned like $5 in interest in a savings account I forgot about and the IRS dinged me on it and made me WITHHOLD on interest for 5 years, lol. (http://www.autoadmit.com/thread.php?thread_id=5577100&forum_id=2#47973558) |