This seems bullshitty / current administration PR stunt - why would IRS bother with things like audits, when cashing out people that have income w/o returns is way easier? The odds of someone having 7 figure income and tax return so simple AND enough expenses/tax losses to offset the income tax fully to not have to file seem astronomically low.
4 comments
[ 3.0 ms ] story [ 20.1 ms ] threadThe wording of this thing on the IRS website definitely makes it seem like an election year PR play: https://www.irs.gov/newsroom/irs-launches-new-effort-aimed-a...
- personal finance is complicated enough for an "average" person doing their own accounting that they don's do it or do it poorly.
- income is not quite enough for a full time accountant.