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Old 12-16-2002, 04:58 PM
miatachris miatachris is offline
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Join Date: Sep 2001
Location: East TN
Posts: 216
Quote:
Originally posted by /\/\etalhea|)
Does the IRS really spend this much time chasing the tax on $1800??
Given an audit situation, I would think they would chase anything they thought they could catch. Since they get to make the determination of both what should be chased and what is caught, it strikes me that discretion is the better part of valor when thinking about how things might look to an auditor.
Quote:
Originally posted by /\/\etalhea|)
What's to stop this guy from taking his $1800 or whatever out to Best Buy and buying the biggest TV he can get? How is the guy at the IRS gonna know what's in my living room?
Nothing, of course. Thanks for enlarging the list of cash transactions that are unlikely to involve your SSN. However, I wouldn't underestimate the subpeona power of a mad auditor if he thinks that you're living outside your means.