What the IRS is actually looking for that could trigger a tax audit

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  • เผยแพร่เมื่อ 22 มี.ค. 2023
  • A CPA and executive vice president of accounting firm Piascik explains what the IRS is looking for and what could actually trigger an audit.
    #news #irs #taxaudit
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ความคิดเห็น • 121

  • @porkyrabbit
    @porkyrabbit 2 หลายเดือนก่อน +10

    Go after the rich, leave ppl who make under 100k alone

    • @SuperbAudio
      @SuperbAudio หลายเดือนก่อน +1

      at this point...150k in some areas spends like 70k. Flat tax, all across the board. I'm happy paying 23% if every single person dabbling in the American market pays that same 23%. Nothing more or less.

  • @AkA-ik2dv
    @AkA-ik2dv ปีที่แล้ว +51

    IRS doing what they do best😀, let all the billionaires avoid taxes at all costs and go after the poor and middle class 😢, well done.

    • @swind2553
      @swind2553 ปีที่แล้ว

      IRS treasurers and politicians scam WAAY more more than business owners and anyone else for that matter.

    • @cptsonicbelmont
      @cptsonicbelmont 2 หลายเดือนก่อน

      Well, yeah, the billionaires have accountants, legal teams, loopholes and influence. Maybe if the IRS wasn't constantly being defunded they would have the resources to go after the rich.

  • @MichaelChengSanJose
    @MichaelChengSanJose 2 หลายเดือนก่อน +2

    It’s true, audits are the worst. Endless questions and document requests for things that few people keep track of. And you have to deliver the docs on time.

  • @jamesmicheal8736
    @jamesmicheal8736 2 หลายเดือนก่อน +2

    Who tf has a seven year storage area dedicated to paperwork when you rarely live in one place for that long.
    🚮

  • @back2the80s
    @back2the80s ปีที่แล้ว +3

    Exhausting yearly tax crap. They already have our forms so why do we have to file annoying tedious forms every year? Laws need updating

    • @cptsonicbelmont
      @cptsonicbelmont 2 หลายเดือนก่อน

      Lobbying from tax software companies like TurboTax.

  • @ssrferrs
    @ssrferrs ปีที่แล้ว +3

    My understanding is most people don’t itemize anymore so we’re enforcement may not even affect people that much as the numbers go, unless they itemize😊

  • @ricohorton
    @ricohorton 4 หลายเดือนก่อน +2

    IRS tries to tax dead loved ones.
    IRS tried to get $800 out of my deceased father. The letter said he still owed $800 for 2022 filing. I sent bank statement that I paid through H&R Block for 2022. Be aware IRS tries to get more money off of deceased loved ones thinking family will just pay it.

  • @user-lc2ux5eo4o
    @user-lc2ux5eo4o หลายเดือนก่อน +1

    Or if companies erase records of employees who get audited by the irs and the company has so called lost their work records the irs requests. Im being Black mailed over my work record s since 2019 when people threatened to erase me.

  • @joeg4010
    @joeg4010 10 หลายเดือนก่อน +4

    There needs to be a way to see where our tax dollars go. Money gets takin from us like crasy but we have no idea what its supporting!!!!! There needs to be a way! We have serial numbers on the dollar bill and we have crypto! which is probably the best bet of tracking. We demand to know where our tax dollars are going if your taking from us! Just like you demand where our money is coming from 🖕the irs 🖕

  • @jamesford5504
    @jamesford5504 4 หลายเดือนก่อน +3

    They are actually auditing low income earners with EITC and CTC now.

    • @deedeeotero4475
      @deedeeotero4475 2 หลายเดือนก่อน

      what is EITC & CTC?

    • @karmasutra4774
      @karmasutra4774 หลายเดือนก่อน

      ⁠@@deedeeotero4475 Earned income Tax Credit and maybe child credit?

  • @soupdejour235
    @soupdejour235 ปีที่แล้ว +6

    Good, so I’m broke and won’t get audited. Sweet!

  • @chuckmoelter6177
    @chuckmoelter6177 3 หลายเดือนก่อน +2

    Breaking the law. Breaking the law.

  • @jenniferjoyner7704
    @jenniferjoyner7704 หลายเดือนก่อน

    Is my Baltimore chapter for IRS I even physically went down there in 2019

  • @ryanweaver962
    @ryanweaver962 9 หลายเดือนก่อน

    The concepts surrounding IRS and privacy, transparency and propped oversight. It’s like highly professional people wanting to help people, but somehow them making a living is vilified. So… the shadows of negative energy arise as stupid merit… an elected official with a rich brother doing the dirty work… or some bizarre financial arrangements of insights and investments… honestly folks, grow up some. The negative energy just compounds.

  • @jenniferjoyner7704
    @jenniferjoyner7704 หลายเดือนก่อน

    I'm in Maryland and I've been trying for the last 3 years to get IRS to give me my stimulus money which they sent me a printout 2800 and on the bottom of that paper is a code in the worker's name I called with no prevail I can't even get them to get my taxes from 2019 how do I resolve this issue

  • @leadrecharges1821
    @leadrecharges1821 11 หลายเดือนก่อน +2

    KIC Keep It Cash

  • @solidsn8k3
    @solidsn8k3 ปีที่แล้ว +12

    He sorta gave conflicting responses. Most people doing side hustles aren't making a ton of money

    • @pandamagic937
      @pandamagic937 ปีที่แล้ว +4

      It's not the fact that its a lot of money, it's the fact that it's not being reported. So people will have their regular 40 hour jobs and on the side start selling stuff on Amazon, open a TH-cam channel, start an OnlyFans, drive for Uber, etc. and they just never report it to the IRS. The IRS gets the info from the employer (so and so made 6k working for us), and that's when audits start.

    • @nataliethaonguyen2711
      @nataliethaonguyen2711 3 หลายเดือนก่อน

      no 1X no 2X

    • @nataliethaonguyen2711
      @nataliethaonguyen2711 3 หลายเดือนก่อน

      quote: 6k or ? and

    • @nataliethaonguyen2711
      @nataliethaonguyen2711 3 หลายเดือนก่อน

      mine; 😊

    • @nataliethaonguyen2711
      @nataliethaonguyen2711 3 หลายเดือนก่อน

      the cost is roughly $80 / hr

  • @karmasutra4774
    @karmasutra4774 หลายเดือนก่อน

    So what salary levels are they looking at and how far back?

  • @AK36677
    @AK36677 3 หลายเดือนก่อน +6

    Dedund the IRS. 🤮🤮🤮🤮

  • @user-lc2ux5eo4o
    @user-lc2ux5eo4o หลายเดือนก่อน

    Companies that dont get w-2s and their identities get stolen like mine in 2010.

  • @sungpyun7953
    @sungpyun7953 ปีที่แล้ว +4

    Yeah right... They will find the money they owe to you.. When they say they will audit you.. You better brace yourself for the impact

  • @heroesandzeros7802
    @heroesandzeros7802 2 หลายเดือนก่อน

    The IRS would have better results if they looked at anyone that is a city official or a police officer.
    There is no law they will not break or right they will not violate.

  • @B86432
    @B86432 ปีที่แล้ว +7

    made the least amount in years & never paid more in taxes to the government.....FJB!!!

    • @TheTrumpmancometh2024
      @TheTrumpmancometh2024 ปีที่แล้ว

      Agent00MAGA! Impeach Joe and the Ho!

    • @Seaneey
      @Seaneey ปีที่แล้ว +4

      Poor little fella can't even be honest on the internet. Trump for prison 2023.

    • @Leorizing
      @Leorizing ปีที่แล้ว

      We are paying for the tax cuts trump created duhhh.

    • @janc8199
      @janc8199 ปีที่แล้ว +2

      Me too! Always got money back, husband made 10,000 less, and I owe..First time ever.

    • @Seaneey
      @Seaneey ปีที่แล้ว

      @@janc8199 If only you knew how taxes worked

  • @RamonaCarter-td3tu
    @RamonaCarter-td3tu 10 หลายเดือนก่อน

    What's going on with the IRS I don't have property or money that is UNCONSTITIONAL NOT GIVING ME MY RETURN.

  • @jenniferjoyner7704
    @jenniferjoyner7704 หลายเดือนก่อน

    This is money that is due to me

  • @user-lc2ux5eo4o
    @user-lc2ux5eo4o หลายเดือนก่อน

    When gambling revenue or crypto currency is not reported

  • @johnalver
    @johnalver ปีที่แล้ว

    And then he says: I know who I married 🥰🦖🦖

  • @thekilla2885
    @thekilla2885 4 หลายเดือนก่อน

    Hey people type in ex irs agent tells it like it is.

  • @nataliethaonguyen2711
    @nataliethaonguyen2711 3 หลายเดือนก่อน

    imprepared; pre-empt😊

  • @GilmerJohn
    @GilmerJohn ปีที่แล้ว

    Towns are important in war for the same reason the town came into being in the first place. A "natural" place for a town is where roads connecting important places cross. Even if the town is destroyed the roads still exist.

  • @ryanweaver962
    @ryanweaver962 9 หลายเดือนก่อน

    It’s not ok to deploy and and sacrifice families and compartmentalism of ugly behavior. The unrealized anger just grows. I know I’m not perfect, I was abused as a kid, much unintentional. But, trauma tends to translate in time and people. I backed into Adderall which I didn’t need… and looked up adult content online years ago, nothing illegal, but I’m still embarrassed about it… there’s no human who’s perfect I’m this world… but of course… there are limits to if a felon should run for office or whatever.
    The aggrandizing and galvanization of people and systems… it’s just so much… the dystopian realities embedded within social media accelerators… just good lord.
    The rights of privacy, needs of transparency and proper oversight through so many things are very real…
    #LoveEVICTShate

  • @robertbolton9450
    @robertbolton9450 ปีที่แล้ว

    Gas station may 14 2023 fill your stations.

  • @DemocratsRPedos
    @DemocratsRPedos หลายเดือนก่อน

    I haven’t filed or paid taxes in 20 yrs, suckers.

  • @evonnemoore779
    @evonnemoore779 ปีที่แล้ว +4

    It’s amazing the rich doesn’t pay anything but come after the working class or poor.

  • @caddyshack68
    @caddyshack68 ปีที่แล้ว +1

    This anchor wasn't just asking for our knowledge she wants to know for her side hustle business that hasn't paid taxes since 2007.

  • @mayrarios1974
    @mayrarios1974 ปีที่แล้ว

    Maravillosotodoslodsistemasdeauditoriasporwueestanoessoloparalastimaranadiesinoparaaportarmejoredideasyperfevcionasistemas

  • @Stayhydrated736
    @Stayhydrated736 หลายเดือนก่อน

    45 Billion for the IRS, sick!

  • @jorgedelangel4873
    @jorgedelangel4873 ปีที่แล้ว

    Intelligent reserve.... How poor are you?

    • @weso2103
      @weso2103 ปีที่แล้ว

      I lost $300,000.00. Is that’s enough to be poor??

  • @nataliethaonguyen2711
    @nataliethaonguyen2711 3 หลายเดือนก่อน

    zzzzzZzzzZ

  • @innerlocus
    @innerlocus ปีที่แล้ว +4

    Only billionaires and corporations that haven't been paying their fair share worry that the free ride is over, too bad we can not retro bill them back to the Reagan cuts that put families living on the streets as a norm ever since.

    • @mvpcilo2268
      @mvpcilo2268 ปีที่แล้ว

      THE IRS WILL NOT GO AFTER BILLIONAIRES BECAUSE THEY HAVE LAWYERS

    • @GilmerJohn
      @GilmerJohn ปีที่แล้ว

      Nah. It take smart and sophisticated folks to check out the corporations and the super rich. These agents are to scare folks with a "side scam" into paying more taxes than the government can prove they owe.
      The RR tax cuts had much the safe effect as the JFK tax cuts: folks with lots of money start using less effort to reduce the tax payments and more efforts to invest their money.

    • @seancameron8209
      @seancameron8209 ปีที่แล้ว +1

      The majority of audits are on sole proprietors, (small businesses) independent contractors, making less than $200k a year.
      They go after the low hanging fruit. Multi Millionaires can afford teams of accountants and lawyers to fight a audit.
      "Joe the house painter", "Jose the landscaper", "Bob the dry wall guy", and "Cindy side Hustle" can't afford a team of accountants, and tax attorneys.
      THAT is who the IRS targets #1.

    • @innerlocus
      @innerlocus ปีที่แล้ว

      @@seancameron8209 That's why more IRS agents are needed to collect from billionaires, and President Joe Biden's budget will propose hiking payroll taxes on Americans making over $400,000 per year.

  • @makeracistsafraidagain
    @makeracistsafraidagain ปีที่แล้ว +4

    Automatically audit everyone who makes over $100,000 per year every year.

    • @GilmerJohn
      @GilmerJohn ปีที่แล้ว +3

      Go ahead. It would cost a LOT of money and it's unlikely to generate more taxes.

    • @GilmerJohn
      @GilmerJohn ปีที่แล้ว

      @Fjb Atyoutube1 -- I think I do. I've been "called in" to the IRS office on two occasions. The first time it was because I didn't know things. The 2nd time was simply because we were late because the complexity of our return but there was no penalty. The essence of any audit is to closely examine the details of some random transactions. This is a PITA for the target but it takes a lot of time for the auditor to identify what he wants and then to evaluate the information required.

  • @kona6451
    @kona6451 ปีที่แล้ว +6

    By watching the video you just triggered an audit. bwhahahaha

  • @mranderson2278
    @mranderson2278 หลายเดือนก่อน

    YOU DO NOT HAVE TO PAY FEDERAL INCOME TAX ON YOUR MONEY EARNED AS COMPENSATION FOR WORK YOU DO. THERE IS NOT A SINGLE TAX LAW THAT SAYS SO!

  • @Hoodratsnextdoor
    @Hoodratsnextdoor 9 หลายเดือนก่อน +1

    IRS want your doe I can’t work cuz the other me payed extortion