Do you cheat on your taxes?

[dank69]

Yes, I slept with her sister.

 

[KeithTalent]

if you purchased something from amazon and didn't pay taxes on it, you're a cheat.

(not directed at you KT, just sayin')

Funnily enough I was just asking my best friend about this (Tax Manager at a big five, or maybe there are only four now? Can't remember) and she was saying how it's crazy that this all goes on, but individuals never claim the amounts nor really even know how to do so if they wanted to.

KT

 

[Ns1]

n/m

 

[Ninjahedge]

Yes, I slept with her sister.

Don't you mean her sisters taxes?

 

[CPA]

what are the ways to cheat on your taxes?

all the documents and numbers you enter are verifiable by the IRS right?

not necessarily.

 

[CPA]

Some things aren't.

There are criteria for qualifying for a home office tax deduction. You can lie and say you qualify when you don't. That wouldn't be caught without an audit.

I believe charitable contributions under a certain amount don't require a receipt (not sure if that's an aggregate total or a total per donation).

Gambling winnings in any amount are taxable (and can be offset by gambling losses). Gambling winnings are only reported under certain circumstances. If they aren't reported by the casino, most people won't report them.

Pretty much no one pays use tax unless they own a business.

There are many ways to cheat on your taxes.

Double dipping on FSA's.

Overstating Dependent Care costs

Timing of property tax payments versus reporting.

Overstating Schedule C expenses.

The list goes on and on.


The IRS does check against certain documents (W2's, 1099's etc), however, most of their flags are set based on average income/deductions/credits, etc.

 

[edro]

The list goes on and on.

...keep going...

 

[CrazyAznDriver]

will I get audited, estimated 18k refund this year :/

 

[Dear Summer]

will I get audited, estimated 18k refund this year :/

how did you get that?

 

[CrazyAznDriver]

how did you get that?

Bought a house, did the energy tax credits, my wife withheld a bunch of money she shouldn't have, few other little credits. CPA told us and I was like wtf...

 

[ichy]

what are the ways to cheat on your taxes?

all the documents and numbers you enter are verifiable by the IRS right?

If you own a house and have a roommate that income is theoretically taxable, although almost nobody I know reports it to the IRS.

 

[EagleKeeper]

Double dipping on FSA's.

Overstating Dependent Care costs

Timing of property tax payments versus reporting.

Overstating Schedule C expenses.

The list goes on and on.


The IRS does check against certain documents (W2's, 1099's etc), however, most of their flags are set based on average income/deductions/credits, etc.

Anything that does not have a document copy that is sent to the IRS (income or expense) can be mis-stated.

The IRS has guidelines for line items based on income and location. Sending up to many flags will trigger an audit. The levels and number/combination of flags is a closely held secret.

 

[Svnla]

I think I did read somewhere the odd of you being audit by the IRS increases a lot if you are:

- self-employed
- free lance employed
- have home-office and expenses
- high or unusual deductibles

 

[Dear Summer]

anyone know if filing your taxes through taxact, turbotax, etc will consider all tax credits that an individual can get? I used turbotax last year and I don't recall getting even the "making work pay" tax credit

 

[FDF12389]

A lil'

Everyone does, a lil'

Knock Knock

 

[ichy]

anyone know if filing your taxes through taxact, turbotax, etc will consider all tax credits that an individual can get? I used turbotax last year and I don't recall getting even the "making work pay" tax credit

I used TurboTax last year and I certainly got the Making Work Pay credit.

 

[highland145]

Knock Knock

Busted.:whiste:

 

[AznAnarchy99]

Do you pay taxes for your amazon purchases?

http://taxdollars.ocregister.com/2011/01/04/bought-gifts-on-amazon-you-owe-state-money/71482/

 

[highland145]

Do you pay taxes for your amazon purchases?

http://taxdollars.ocregister.com/2011/01/04/bought-gifts-on-amazon-you-owe-state-money/71482/

Nope and F them.

Just saying.

 

[DaWhim]

heh....as much as i can get away with.

 

[AMDZen]

Busted.:whiste:

Right, because you - like everyone here, follows the law to the letter on taxes as stated with the Internet purchases and so on.

Nope and F them.

Just saying.

THis

 

[edro]

Taxing internet purchases will happen soon or later...

 

[DaWhim]

Do you pay taxes for your amazon purchases?

http://taxdollars.ocregister.com/2011/01/04/bought-gifts-on-amazon-you-owe-state-money/71482/

haha, interesting stats.

Will you pay use tax to the state on your online purchases?
Yes 177 18% of all votes
No 679 71% of all votes
I'll pay for some of them 105 11% of all votes
Total Votes: 961

Started: January 4, 2011

 

[highland145]

Right, because you - like everyone here, follows the law to the letter on taxes as stated with the Internet purchases and so on.

THis

Don't get pissy. Just commenting to FDF's post.

It's "This" and yes, F them, again and again until the cows come home.

 

[Ninjahedge]

Two things:

1. Audit. If you start that you had $10,000 in expenses, you will get a flag. You say $9,547 that same flag might not come up (maybe 2 flags for the first, 1 for the second). Numbers that are too easily fabricated naturally arouse suspicion.

2. Internet Taxes. They should just put a small federal tax on these guys and be done with it. Half the tax goes to the state of purchase, the other half goes to the state purchased from. If you let the states decide what they want to do, all hell will break loose.