|
tax code works like this: if you have income/gain then you pay tax....unless it is specifically exempted.
wait till the IRS decides to start targeting ebayers. nobody has an excuse.
failing to report and pay tax on a gain on the sale of property is tax fraud. period. some of you guys might not like to hear that but it's the facts plain and simple. and before anyone says it ignorance of tax code is not an excuse. it MAY keep you out of jail but it's not likely to help your pocket any.
when irs audits an individual (keep in mind there are many levels of audit) it's common for them to look at every statement on every bank/investment account that person has. if you have a large deposit from the sale of a car you will have to explain it.
__________________
*****************************************
Well i had #6 adjusted perfectly but then just before i tightened it a butterfly in Zimbabwe farted and now i have to start all over again!
I believe we all make mistakes but I will not validate your poor choices and/or perversions and subsidize the results your actions.
|