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Showing content with the highest reputation on 11/09/2022 in all areas

  1. Then there things in the tax code like "Carried Interest" taxed at 15 % protected by the large campaign contributions made by Wall Street. Some members of our population are more equal than others.
    2 points
  2. No matter how you create a tax law, there will always be winners and losers, due to the complex makeup of the population.
    2 points
  3. This! (And it always gave me a little chuckle when they, almost 100% of the time, called it the "unearned" income credit.)
    2 points
  4. "The Internal Revenue Service's Criminal Investigation unit opened more than 2,550 criminal investigations, identified over $31 billion from tax and financial crimes, and saw a 90.6% conviction rate on cases accepted for prosecution during fiscal year 2022, even as its agents came under political attack, according to a report released Thursday." "The conviction rate in fiscal 2022 was similar to other fiscal years. Of the over 2,500 criminal cases initiated, 71.7% of investigations were tax or tax-related crimes. The remaining crimes included financial crimes tied to narcotics, human smuggling, child pornography, bank secrecy and money laundering. Lee noted that in April, IRS-CI led the takedown of Hydra, one of the largest darknet marketplaces of narcotics and other illicit goods in the history of the U.S. government, and in February it seized $3.6 billion in cryptocurrency from the Bitfinex hack of 2016. "That was the largest single financial seizure in the history of government," said Lee." "IRS-CI also handled 840 cases of COVID fraud in recent years and is just shy of 400 indictments, part of a 98.9% conviction rate in that area, with an average sentence of three years for the 180 cases sentenced to date."
    1 point
  5. I learned a long time ago that tax policy will never be fair, as "fair" is a subjective term.
    1 point
  6. Kathy, remind your sales rep that it costs more to lure in a new customer than to keep a current customer. You may have to threaten to walk away; have a software to cite, such as TaxAct, and their price to quote. Push back.
    1 point
  7. We have Subaru Outbacks, have had several in fact, in pricey Fairfield County, CT, where everyone buys Subarus for their nannies to use!
    1 point
  8. Yep, I get upset too...then I look at what I am getting, what the software does for me, and what the cost of alternatives are (not just in $$ but also in time learning the new systems) and I just swallow hard an charge my credit card. Tom
    1 point
  9. I have been with ATX for over 25 years. I was paying 1183.00 I was guaranteed this price for so many years now this year it is over $2,000 and I noted to them online that the price is 1579.00 but he is telling me that is only if I was a new customer. To me they care about new customers not there customers with them for so many years?
    1 point
  10. Unfortunately our elected representatives put off dealing with extenders until very late in the year or even worse early next year.
    1 point
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