Interesting Article

Naomi4u's Avatar
The IRS has formulas it uses for industries that have no/little paper trail. Originally Posted by charlestudor2005
Charles, That formula is this: If you file any sort of taxes, own or rent property, purchase/insure an automobile, have healthcare bills or go to a public school or university, they know you're spending money. Just by having a social security number, as all legal citizens do, you let the government know you're living off of something, somehow.

I'm very aware.




Let's be clear, the IRS prefers to assess, levy and get you on a payment plan. It takes egregious conduct on your part in order for the IRS to refer the case for criminal prosecution. Everyone hates these cases in the criminal context. So, you'll likely be placed on a payment plan. It used to be (I don't know the current IRS policy) that at the time you agreed to the payment plan, you could reduce your tax liability IF you stayed on the payment plan.
I have a friend thats going through this right now.
gulflover's Avatar
Current IRS policy is for payment plans you pay the full amount plus interest, which is a fairly low rate. If you owe a large sum they might accept an offer in compromise which is what all the people who advertise specialize in.

Yes I own a tax prep business No I'm not a CPA (the most overrated letters in the English language) Yes I'm escort friendly.
CPA (the most overrated letters in the English language) Originally Posted by gulflover
Actually, I thought it was HRH.
Chica Chaser's Avatar
Thats pretty much an honorary title in todays world.
And IMHO, you're wrong about "decriminalization." Take your example of babysitting. In some states, a babysitter is required to have the basic Red Cross Babysitting Certificate before working. Is it enforced? Of course not. But it is still there. Originally Posted by charlestudor2005
In normal, non-nanny states, babysitting is indeed non-criminal. In the states of your example, babysitting is LEGALIZED.