Comment by jabroni_salad
20 hours ago
You know, the IRS is basically defunded, even not counting the whole shutdown thing. I wonder how many people need to file handwritten by mail before it becomes a significant problem
20 hours ago
You know, the IRS is basically defunded, even not counting the whole shutdown thing. I wonder how many people need to file handwritten by mail before it becomes a significant problem
Gut feel is if 10% of taxpayers did it the system would be pretty well DOS'd.
IRS will absolutely go after regular people who just have a W-2 and maybe a couple of 1040 forms. It's easy to verify automatically.
But if you're a rich person with dozens of companies and complicated trusts? Yep, nobody is going to be looking.
This is incorrect - the higher your income the higher percent chance you have of being audited. (Also higher for very low income <25k)
https://www.congress.gov/crs-product/IF12521#:~:text=The%20I...
Because it's technically not "audit". They just send you an automated letter if they find any discrepancies: https://www.irs.gov/individuals/understanding-your-cp2000-se...
And they _will_ find them. For example, one year I forgot to add a line from one of 1040 forms to my return. I got a notification from the IRS about a year later that I have under-reported taxes.
And with the defunding of the IRS, they'll severely limit the complex audits.