You Know its a Bad Day

That is the one thing I don't look forward to in the future.

I see these commercials on CNN from Taxmaster and it leads me to believe that there are lots of people that never even bother to file. So I suspect they are a more interesting target for an IRS agent.

Many years ago, I was an internal auditor and my boss was a former criminal investigator with the IRS. Picture an IRS agent with a gun. He told me some of the things they do. Like driving around ritzy neighborhoods and then seeing if the returns support the lifestyle. My boss told me the IRS really likes to go after the high dollar returns and well know people. You can probably understand why...

Please ..Please ...Please... If you get that notice you all dread like I did a few years back ...find an EXPERIENCED representitive who has dealt with the IRS directly...They will tell you to DO NOT SAY ANYTHING....unless they are present with you during the audit and or questioning ...I could write a very long desription of the events that un folded during my TWO audits.. The IRS agent was yelling ,my CPA was yelling, and my HIRED GUN represetitive was yelling all at the same time.... what a show... I finally spoke up to try and calm them all down...needless to say .... my guys saw this agents angles /and tactics before and were defending my right to be represented....It was some of the best money I've ever spent in my life... and IT"S DEDUCTIBLE hehehehehe

This is an excellent time to plead the fifth!

LOL. Dr. Kenneth Hagan is serving out ten years for tax evasion charges. That isn't the interesting part though. He actually went over 40 years without filling tax's and made millions. I suppose in his case the IRS was slow but sure. 😉

I was audited a few years ago. The IRS sent an auditor to STT. I did my own taxes and didn't have a representative at the audit. The meeting took all day, but everyone was respectful and there were no raised voices. At the end of the day the auditor said he was surprised to find no irregularities. In my case it turned out that worrying about the upcoming audit was much more stressful than the actual audit.

LOL. Dr. Kenneth Hagan is serving out ten years for tax evasion charges. That isn't the interesting part though. He actually went over 40 years without filling tax's and made millions. I suppose in his case the IRS was slow but sure. 😉

I've heard that if you never file, it can be fairly hard for the IRS to find you, assuming you don't have W2's or 1099's. In the case above, it apparently took 40 years. It helps to be self-employed or to be paid in cash only. If you do file, then they know you exist, and they have something to look at.