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Not gonna happen for at least another year..
And, technically, the IRS has been requiring reporting the same income all along anyway:
NTA Blog: Heard Loud and Clear: IRS Postpones Implementation of $600 Form 1099-K Reporting by a Year
As a result of taxpayer confusion, lack of clear guidance, concerns about the existing backlog, and impact on the upcoming filing season industry and stakeholders urged the IRS to postpone the implementation of the new reporting requirements of the Forms 1099-K.www.taxpayeradvocate.irs.gov
Now, have addressed (rebutted) some of the nonsense you actually said or not?
I've experienced the same with my 2020 taxes. Still unprocessed, thought they quickly cashed the check.Those 94,000 cannot even handle the returns of the middle class, they are a year behind processing returns.
I have documented my struggles with the IRS on here a few times, been fighting them since 2021. Actually got a email from my lawyer telling me the IRS still has not completed our case and also they have not even processed my 2021 taxes, though they did cash my check I sent with them.
The problem with the IRS is that they are the only agency where when they say you are guilty you have to prove your innocence.
I have been paying them 435 dollars a month to keep them from garnishing our wages while they "process" the returns I sent them to prove that I had indeed filed our taxes in the years they said I did not.
What in the world would make you think they might use those people to get the IRS caught up? If the past is any guide - and isn't it always - those agents will be investigating political enemies.I personally am all for the hiring more people if they can actually do the job and get the IRS caught up.
Those 94,000 cannot even handle the returns of the middle class, they are a year behind processing returns.
I have documented my struggles with the IRS on here a few times, been fighting them since 2021. Actually got a email from my lawyer telling me the IRS still has not completed our case and also they have not even processed my 2021 taxes, though they did cash my check I sent with them.
The problem with the IRS is that they are the only agency where when they say you are guilty you have to prove your innocence.
I have been paying them 435 dollars a month to keep them from garnishing our wages while they "process" the returns I sent them to prove that I had indeed filed our taxes in the years they said I did not.
I personally am all for the hiring more people if they can actually do the job and get the IRS caught up.
www.snopes.com
If that is the case, the problem is a far too complicated tax system. It took an entire state (NY) to audit Trump's business returns. The answer is a simpler system, not billions and billions more in funding.
I've experienced the same with my 2020 taxes. Still unprocessed, thought they quickly cashed the check.
What in the world would make you think they might use those people to get the IRS caught up? If the past is any guide - and isn't it always - those agents will be investigating political enemies.
There is nothing to gain by the politicians for making our tax code simple. You do not think it got this complicated by accident do you?
federalnewsnetwork.com
They can only think this way because they know we will re-elect and re-elect them.
You want private interest burger flippers hired ahead of obviously needed, public interest accountants?
Politicians follow orders from their corporate campaign donors who also supply lobbyists galore to hog the lion's share of consideration time. We certainly don't want this complex tax code and there's always way more of us than them. So is it "the politicians" or the billionaires (hiding behind their tax cheating corporations) who really wish to complicate the tax code, slash IRS funding, and make life ever more miserable for the tiny business owner / independent contractor? Both major Parties obviously support Big Business and the Billionaires. This need not be a partisan issue.There is nothing to gain by the politicians for making our tax code simple. You do not think it got this complicated by accident do you?
A good start would be to make the 95,000 there put in a full day. I know someone who works for the IRS, and goes in one day a week. The rest of the time he logs on, and then goes to check on his rental properties, coordinating repairs, looking at replacement appliances, etc.The $70 billion IRS agents was all a scam to start with. Biden promised to make the "rich" pay their fair share. But what does he do? He pretends he is going to hire thousands and thousands of new agents even though business can't even get enough people to run a register at McD's.
He then enact measures to go after the poor to pay for his programs. It was all an act to pretend his bills were going to get paid for when they never were.
The IRS was never going to be able to hire all these agents but that money would still be there to be spent. The IRS has appx 95,000 people working there now. If 95,000 can't handle the returns of the "rich", well, maybe we need to make the returns far, far, simpler.
Politicians follow orders from their corporate campaign donors who also supply lobbyists galore to hog the lion's share of consideration time. We certainly don't want this complex tax code and there's always way more of us than them. So is it "the politicians" or the billionaires (hiding behind their tax cheating corporations) who really wish to complicate the tax code, slash IRS funding, and make life ever more miserable for the tiny business owner / independent contractor? Both major Parties obviously support Big Business and the Billionaires. This need not be a partisan issue.
More howler monkey babbling. You don't know what they did, all you can do is cut and paste what some other lying howler monkey claims.The first “policy” vote of the new Republican-controlled House of Representatives continued with their theme of capitulation to the extreme right, and more pointedly the people who fundthe political careers of the far right. They voted along party lines, 221 to 210, to rescind the more than $70 billion in IRS funding included in the Inflation Reduction Act to help the agency modernize and more effectively do its job.
The Congressional Budget Office scored the bill, and determined that if that $70 billion was rescinded for real (it won’t be, the Senate won’t do it), it would decrease federal revenue by more than double that amount—$186 billion. That’s $186 billion in lost revenue FOR the nation’s coffers between now and 2032. That means it would actually cost the nation more than $114 billion in the next decade.
Yes, the party of fiscal responsibility.
House GOP's first 'policy' vote is a gift to wealthy tax cheats, securing Biden's first veto threat
The first “policy” vote of the new Republican-controlled House of Representatives continued with their theme of capitulation to the extreme right, and more pointedly the people who fund the political careers of the far right. They voted along party...m.dailykos.com
Yep. Explode the deficit $100 billion on the first day, to give Elon Musk, and David Koch a tax cut.
Defending the IRS would be very popular. I can see how you are scared of this bill...lolThe first “policy” vote of the new Republican-controlled House of Representatives continued with their theme of capitulation to the extreme right, and more pointedly the people who fundthe political careers of the far right. They voted along party lines, 221 to 210, to rescind the more than $70 billion in IRS funding included in the Inflation Reduction Act to help the agency modernize and more effectively do its job.
The Congressional Budget Office scored the bill, and determined that if that $70 billion was rescinded for real (it won’t be, the Senate won’t do it), it would decrease federal revenue by more than double that amount—$186 billion. That’s $186 billion in lost revenue FOR the nation’s coffers between now and 2032. That means it would actually cost the nation more than $114 billion in the next decade.
Yes, the party of fiscal responsibility.
House GOP's first 'policy' vote is a gift to wealthy tax cheats, securing Biden's first veto threat
The first “policy” vote of the new Republican-controlled House of Representatives continued with their theme of capitulation to the extreme right, and more pointedly the people who fund the political careers of the far right. They voted along party...m.dailykos.com
Yep. Explode the deficit $100 billion on the first day, to give Elon Musk, and David Koch a tax cut.
Politicians are millionaires. They want to benefit from the tax code, too.Politicians follow orders from their corporate campaign donors who also supply lobbyists galore to hog the lion's share of consideration time. We certainly don't want this complex tax code and there's always way more of us than them. So is it "the politicians" or the billionaires (hiding behind their tax cheating corporations) who really wish to complicate the tax code, slash IRS funding, and make life ever more miserable for the tiny business owner / independent contractor? Both major Parties obviously support Big Business and the Billionaires. This need not be a partisan issue.
Of course. I'm always correct, lol.You are correct, it is not a partisan issue, it is a duopoly issue.
They certainly maintain one another by cooperating to keep all competition at bay, but how exactly does either major Party "benefit greatly from the complicated tax codes"? The billionaires alone "benefit greatly." One glance at how their wealth has mushroomed while the rest have been losing ground should make that patently clear.Both parties benefit greatly from the complicated tax codes and all the social engineering included in it.
I'm not a billionaire and I benefit from the tax code. I enjoy the hell out of deducting donations that don't have to be documented...lolOf course. I'm always correct, lol.
They certainly maintain one another by cooperating to keep all competition at bay, but how exactly does either major Party "benefit greatly from the complicated tax codes"? The billionaires alone "benefit greatly." One glance at how their wealth has mushroomed while the rest have been losing ground should make that patently clear.
A good start would be to make the 95,000 there put in a full day. I know someone who works for the IRS, and goes in one day a week. The rest of the time he logs on, and then goes to check on his rental properties, coordinating repairs, looking at replacement appliances, etc.
In fact, the entire government should make their workers come into the office. The redundancy alone is unbelievable, and then when you add in the fact that the redundant employees are “working” at home for full pay, it’s a double whammy.
My own niece has admitted to me that her $150,000 job at a government agency is really a part-time gig.
