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Red Squirrel

Red Squirrel

No Lifer
May 24, 2003
70,646
13,822
126
www.anyf.ca
Some just enjoy generating lot of work for the IRS.

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Pohemi

Pohemi

Lifer
Oct 2, 2004
10,886
16,974
146
Being an intentional imbecile and wasting the already-limited resources of the IRS as a joke sounds like just another form of FYGM. No hero to be found here...just a clown.

Assuming they aren't flat out lying, in order to impress some conservative libertarian friends...pretty stupid either way though.
 
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BoomerD

BoomerD

No Lifer
Feb 26, 2006
66,315
14,723
146
Yeah, I agree...that asshat needs to be audited...again and again and again.

He's just being stupid and wasting the time and money of the IRS which is always in somewhat short supply...and possibly preventing them from catching a real tax cheat.
 
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Red Squirrel

Red Squirrel

No Lifer
May 24, 2003
70,646
13,822
126
www.anyf.ca
BoomerD said:
Yeah, I agree...that asshat needs to be audited...again and again and again.

He's just being stupid and wasting the time and money of the IRS which is always in somewhat short supply...and possibly preventing them from catching a real tax cheat.
Click to expand...

I'm going to guess he's well aware of the risk, but at the end of the day the IRS is still stuck having to verify all the work to make sure it's right, while this guy's bot can just pump out all the valid documentation.

The IRS would have an easier time if they did not insist on taxing every stock trade. It's on them for making life difficult, so a bit of pay back is always nice.
 
MrSquished

MrSquished

Lifer
Jan 14, 2013
26,067
24,397
136
nakedfrog said:
I appreciate you going to this length to illustrate your stupidity.
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It's stupidity to the point it's dragging all thinking people down.

Ultimately the Internet is such a powerful tool, but what it has done the best is show how many ass clowns are really out there messing up the world.
 
Red Squirrel

Red Squirrel

No Lifer
May 24, 2003
70,646
13,822
126
www.anyf.ca
Lol so easy to get you people riled up. Just a simple post about what some random person did (if real) to a fairly universally hated agency, and it turns into personal attacks.
 
MrSquished

MrSquished

Lifer
Jan 14, 2013
26,067
24,397
136
Red Squirrel said:
Lol so easy to get you people riled up. Just a simple post about what some random person did (if real) to a fairly universally hated agency, and it turns into personal attacks.
Click to expand...

You specifically praise and defend the dumbest shit, and say so in your posts routinely. I mean what do you expect.
 
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Pohemi

Pohemi

Lifer
Oct 2, 2004
10,886
16,974
146
Pohemi420 said:
"How dare they! I'll show them!" Just like a salty child.
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Red Squirrel said:
Just a simple post about what some random person did (if real) to a fairly universally hated agency, and it turns into personal attacks.
Click to expand...
There aren't so much personal attacks here, as pointing out what kind of statements that YOU are making in defense or support of this blog author's idiocy.

I have doubts it's even factual and taking place, but people here are simply pointing out how juvenile and wasteful the actions and effort would be, if true.

It's not only the extra work they claim to be creating for the poor shmucks at the underfunded and understaffed IRS, but they would be wasting their own time and money as well by doing this. Having a bot to spit out the forms isn't doing all the (un)sorting and stacking a PALLET of papers. It's childlike, passive-aggressive revenge behavior that accomplishes nothing. It's not going to change any laws.

In summary, it'd be mental to go through this kind of pointless effort, but here you are, cheering it on. :rolleyes:
 
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Lost_in_the_HTTP

Lost_in_the_HTTP

Lifer
Nov 17, 2019
13,326
7,886
136
They ain't got no IRS in Orange Kanuckistan. Pretty sure what they got is something in French or maybe BritGlish.
 
Fritzo

Fritzo

Lifer
Jan 3, 2001
41,920
2,161
126
Pretty jerky. However, all of this could be solved with a simple flat income tax. No loopholes, no deductions. If you make this much you pay this much.
 
dullard

dullard

Elite Member
May 21, 2001
26,066
4,712
126
Since you are not from the US, I can tell you a bit about how this actually works. The US has a dual reporting system. Meaning the both the broker and the taxpayer report independently to the IRS. If the dually reported numbers match, then the IRS believes the broker's numbers and does not look at the details.

The dual reporting mechanism is actually fairly ingenious. This is because usually both parties have opposite incentives to cheat if they choose to cheat. For example, a business has the incentive to cheat by claiming they paid more wages. But the employees have the incentive to cheat by claiming that they were paid less wages. This opposing incentive system actually results in almost all cases reporting the correct numbers. A lot of the tax fraud occurs when the dual parties are the same person (such as a sole proprietorship).

1) Brokers are required to send you and the IRS a form that lists the total purchases, total sales, and total profit. See lines 1 and 8 here:

2) The taxpayer is required to send the IRS a form that lists the total purchases, total sales, and total profit. See line 1a here:

3) The taxpayer may optionally fill out an extended form listing individual sales, but even that optional form has at the very bottom the total purchases, total sales, and total profit. See line 2 here:

So, ultimately, the broker and the tax filer have to do all that work and go through all the papers. The IRS just receives a copy in case your numbers do not match the broker's numbers. And in that case, you'd be lying on your tax forms and will be audited. Sure, the audit will cost the IRS time. But it can also cost you an awful lot.
 
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dullard

dullard

Elite Member
May 21, 2001
26,066
4,712
126
Fritzo said:
Pretty jerky. However, all of this could be solved with a simple flat income tax. No loopholes, no deductions. If you make this much you pay this much.
Click to expand...
I don't see how a flat tax would change this one bit. The discussion is all about proving how large the income is. If the tax is a flat 30%, the paperwork proving the income is the same as if the tax is not flat at 20% for lower incomes and 40% for higher incomes.

The real solution to this type of issue is Telefile (or a modern equivalent). Since the IRS already has the taxpayer's information in most cases, Telefile let you call in, say yes the numbers are correct, and you get your refund. It took just a few minutes. I used to use that when I was young. But, it was discontinued. https://en.wikipedia.org/wiki/TeleFile
 
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skyking

skyking

Lifer
Nov 21, 2001
22,785
5,941
146
that dual reporting thing paid off for us this year. We had a big annuity rollover, and some time between getting the tax form and filing, that piece of paper evaporated. Contacting the insurance company was a pain, so I found the account finalization amount and entered that in the proper spot on the 1040 and did the "rollover" dropdown and zero tax. I took it on faith it was listed as such on the issued document and it all agreed, because my free fillable tax form was accepted on the first submission. That in itself was a first, as I always make some dyslexic boneheaded error of some sort.
 
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