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Federal Tax Agents

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NC_Canes_11 said:
Lmao stop watching CNN man the full report is available online. And the Democrats also have access to 99% of the full document with some of the redactions not available to the public unveiled
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Did u read the report?
 
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Drewny1 said:
So after endless amount of pressure and the Top Prosecutor in the country possibly going to Jail

They finally got the full report yesterday, gotcha
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There is no law requiring him to release the full report. They got ****y bc he didn’t release th summary quick enough for their liking. Instead he released the whole thing and the summary at the same time. It’s all a big joke. They’re trying to hold him in contempt for abiding by the law
 
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Drewny1 said:
Ill just say this

Social Media is a MF. Pretty much every single major D1 recruit is followed by Federal agents on social media. They have a track record of social media post that show recruits flashing big money or expensive cars. Their family members, friends, HS coaches, and Handlers are also being watched.
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"hope you know the feds got instagram, they liking every photo that you take n!gg@!" - lil wayne- hot ngg freestyle
 
1mg of Epi said:
Can a gift tax return be filed late, after a tax return?
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Gift tax returns have the same "official" filing dates as all other income tax returns. I would imagine that someone could file late or "amend", but once your audit ticket gets punched, you can no longer file or amend.

For instance, the corporation for which I work is under audit for 2015 and 2016 currently. We can no longer go back and change the return. If the IRS spots something, they will do an RAR (Revenue Agent Report) which adjusts the tax return IN THEIR SYSTEM. We do not have to amend after the audit, the RAR becomes the "final" version of the tax return.
 
TheOriginalCane said:
Gift tax returns have the same "official" filing dates as all other income tax returns. I would imagine that someone could file late or "amend", but once your audit ticket gets punched, you can no longer file or amend.

For instance, the corporation for which I work is under audit for 2015 and 2016 currently. We can no longer go back and change the return. If the IRS spots something, they will do an RAR (Revenue Agent Report) which adjusts the tax return IN THEIR SYSTEM. We do not have to amend after the audit, the RAR becomes the "final" version of the tax return.
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Dammit! Back to the drawing board lol
 
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flcanesfan said:
wrong, once the government thinks they can squeeze a nickle off you they are like ticks on a boar.. They hate being cheated more than anyone because they hate competition
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I would add, the corporate income tax rate was just cut 40%, so, yeah, the best way for the IRS to bring in revenue is to audit cheaters.
 
1mg of Epi said:
For you and me. But for someone whose never had a taxable income it doesn’t sound too far fetched.

Are u an attorney?
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I AM an attorney, and worked for the IRS in the '80's. My specialization was so far removed from compliance, collections, etc. that I wouldn't venture an informal opinion without researching the law. Serious underreporting can have serious consequences, even if not criminal. No one would want to deal with paying back taxes, plus substantial penalties and interest.
 
1mg of Epi said:
Someone whose never had a taxable income tells a jury “I didn’t know you had to pay tax on a present”.

How do you prove otherwise?


Tax Fraud is an illegal intentional attempt to evade tax laws or defraud the IRS. It is a general term with various meanings and is very hard to prove because the government doesn't have proof that the taxpayer knowingly cheated the government out of taxrevenue.

Besides, what’s the point? The feds are gonna prosecute a bunch of impoverished people rather than use them as witnesses against the bigger fish?

View attachment 84904
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Use them as witnesses and that could kill the bag game. Still good result for us and for the public.
 
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1mg of Epi said:
Oops!!!

I thought u were an earlier poster. My bad.

Ok so I’m glad you’re here... so then the gov wouid bring a case against someone like this? Someone whose never really had an income? And w no exposure to tax law?
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Take a knee and sit this one out, chief
 
1mg of Epi said:
Actually that’s not true. From mueller report:

“On the facts here, the government would unlikely be able to prove beyond a reasonable doubt that the June 9 meeting participants had general knowledge that their conduct was unlawful," the report reads. "The investigation has not developed evidence that the participants in the meeting were familiar with the foreign-contribution ban or the application of federal law to the relevant factual context”
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That's what I've been thinking. Some crimes require a showing of intent. If you're not aware you were committing a crime, maybe you don't have the intent. Of course, maybe the required intent is not knowledge that your conduct was criminal, maybe just the intent to commit the act. There's a difference.

Again, my expertise is not criminal law. I went to a good law school, but it was rare in not making criminal law a required course. Instead, criminal procedure was the required course. So I never took a course in substantive criminal law. I learned it in bar review.
 
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TheMatador said:
Even with the cuts I think revenues might be up, but not sure.

Strong economy and low unemployment means more revenue.
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Nope.

Revenues were good LAST YEAR due to the one-time toll tax (on foreign E&P).

This year will be down. Way down.

"Strong economy" and corporate profits are not the same. "Low unemployment" is good for FICA and Medicare (which should technically be lockboxes), but does not mean that WAGES are higher across the board.

Bottom line is that deficits are projected to skyrocket. Recurring revenue will be down. GILTI is out there, but corporations are learning how to tax-plan to minimize or eliminate the hit.
 
TheMatador said:
That's what I've been thinking. Some crimes require a showing of intent. If you're not aware you were committing a crime, maybe you don't have the intent. Of course, maybe the required intent is not knowledge that your conduct was criminal, maybe just the intent to commit the act. There's a difference.

Again, my expertise is not criminal law. I went to a good law school, but it was rare in not making criminal law a required course. Instead, criminal procedure was the required course. So I never took a course in substantive criminal law. I learned it in bar review.
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UM Law requires (Constitutional) Crim Pro (4th, 5th, and 6th Amendment), but does not require Crim Law. Over 90% of the students end up taking it, many take it for bar exam purposes (similar to Domestic Relations/Family Law).
 
1mg of Epi said:
Cmon man I wasn’t talking about the 2 or 3 kids a year who get that kinda bag dropped, but the hundreds of others who get a couple G over time.

Obviously someone gets a whole new lifestyle, that’s a different animal.

Maybe I should’ve been more clear!
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I think our concern is the kind of kid who got the extraordinary remuneration. Thinking of maybe a certain former AH DB or one named Rique. If course I just know what I read here. I have no knowledge of whether they got remuneration.
 
TheOriginalCane said:
Nope.

Revenues were good LAST YEAR due to the one-time toll tax (on foreign E&P).

This year will be down. Way down.

"Strong economy" and corporate profits are not the same. "Low unemployment" is good for FICA and Medicare (which should technically be lockboxes), but does not mean that WAGES are higher across the board.

Bottom line is that deficits are projected to skyrocket. Recurring revenue will be down. GILTI is out there, but corporations are learning how to tax-plan to minimize or eliminate the hit.
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OK. You obviously know more than I do.
 
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