I get the intent here, but it’s a really bad comparison. It’s certainly easy to get confused about without base level awareness of finance and accounting things.
The DoD is a government cost center. It doesn’t generate revenue. Therefore nothing to tax. Meaning nothing for the IRS to audit.
That’s why the federal government has other audit authorities and often contracts independent auditors to help. Those people are auditing department spending and assets related though. This type of audit is not to check if taxes are owed. It’s more like making sure the department bank account is correct to keep this simple.
I also want to add that many landlords were beginning to demand that their tenants pay with venmo, or other e-payment services, and those leeches need to pay their taxes.
I found this article on the audit. It’s also about boring but necessary things like stockpile management, automation, climate risk, and bookkeeping. It’s broken into 30 sub-audits. It sounds like all of these must be fully passed as “clean” for an audit to not be considered failing.
Poor people can’t afford lawyers to fight back.
Rich people can.
Ergot Ergo, they aim at poor people way more often.
Ergot, they aim at poor people way more often.
Or 99.9% of people are poor lol.
Besides, thank you Biden.
https://www.usatoday.com/story/money/2023/11/09/irs-uses-funding-to-audit-wealthy/71486513007/
Ah true, guess we better do nothing rather than search for billion dollar quarters in the trillionaire holding elite class.
USA is an empire based on the strongest military in the world. Of course DoD has green light for everything. Or you believe that european countries/japan follow the american interests against their own for good will?
May I introduce you to our lemmy instance? Sending over $600 without the IRS feeling up on you, lol.
I don’t condone tax evasion, but I do oppose mass surveillance and firmly believe “innocent until proven guilty”. The biggest tax evaders are large corpos and megachurches anyway.
https://www.irs.gov/businesses/understanding-your-form-1099-k
Here are some resources to counter this misinformation.
Most importantly being that this limit, form, and change is for businesses. This is not for personal accounts.
That is for businesses, Cash app PayPal venmo etc,to report to the IRS that you had this source of income. 1099k has to deal with Internet transactions. This is absolutely for personal accounts.
Payments you got from family and friends should not be reported on Form 1099-K
Thank you. I keep seeing memes like this but have never heard of anyone I know actually getting audited. I only got audited once when I completely forgot to include the income from a place I worked for a couple weeks, which is fair (and probably automated on their end considering they would’ve sent their withholding information to the IRS anyways)
