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Old 01-19-2005, 12:36 AM   #1
melidasaur
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Quote:
Originally Posted by saganista
My first post. Greetings from the UK. You have to pay taxes on Lottery wins in the States? Ouch!
We have to pay taxes on a lot of stuff in the US... I'm learning in my tax class that many of us should be paying tax on a lot of stuff that just doesn't seem like taxable income.

If you obtain illegal income, you're supposed to pay taxes on it. Talk about self-incrimination!
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Old 01-19-2005, 02:48 AM   #2
saganista
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Quote:
Originally Posted by melidasaur
If you obtain illegal income, you're supposed to pay taxes on it. Talk about self-incrimination!
Did Al Capone know this?
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Old 01-19-2005, 08:53 AM   #3
melidasaur
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Quote:
Originally Posted by saganista
Did Al Capone know this?
He probably did... but who wants to incriminate themselves ?
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Old 01-19-2005, 10:05 AM   #4
lookout123
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the IRS doesn't share the info with law enforcement. ** they are only concerned with their money. on the other hand, how many real criminals have been taken down because of tax evasion?

When i worked in the car business i had a guy who pulled $9500 out of his pocket for his down payment and when i filled out his credit app, he claimed to be an "independent distributor", with a great big smile. he said he filed his taxes and was meticulous with his record keeping and had never had any problems.

Ten minutes after we closed the car sale, he pulled out another $9500, and said his girlfriend wanted one too. Same thing for her.
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Old 01-19-2005, 03:10 PM   #5
russotto
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5 million? I quit my full-time job and become a consultant. Much easier when you don't have to worry about dry spells, and can work a lot less than otherwise necessary to maintain my current lifestyle.
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Old 01-20-2005, 03:11 AM   #6
Schrodinger's Cat
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Don't mention the "T" word! I am currently embroiled in a major battle with the IRS for taxes they say I owe back from '93 and '94. They sent notices about this to an address I haven't lived at for 8 years and only last year pounced on my tax return for back taxes, finally making me aware of the problem. You don't even wanna know what a nightmare it is trying to recreate 11 and 12 year old financial records when everyone, self included, disacards stuff after 7 years! @#$$%@!@!#!$!$#@#

Anyhow, if I won 5 mill, I'd let the IRS have their undeserved blood money on top of what they'd normally take without a fight. Then:

1) I'd build me as energy self-sufficient house as possible on a 100 acres or so of land in Montana with a river running thru it and solid water rights.
2) Buy a couple of guns I've been wanting.
3) Make the appropriate gifts to faithful friends
4) Peel off the appropriate amount to a worthy charity
5) Invest the remainder
6) Never be heard from again
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Old 01-20-2005, 06:12 AM   #7
Griff
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Quote:
Originally Posted by Schrodinger's Cat
You don't even wanna know what a nightmare it is trying to recreate 11 and 12 year old financial records when everyone, self included, disacards stuff after 7 years! @#$$%@!@!#!$!$#@#
Isn't there a statute of limitations?
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Old 01-20-2005, 01:50 PM   #8
Schrodinger's Cat
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Quote:
Originally Posted by Griff
Isn't there a statute of limitations?
Hah! Hah! You dreamer! Not as far as the IRS is concerned, and in their eyes you are guilty until proven innocent.
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Old 01-20-2005, 10:21 PM   #9
404Error
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Quote:
Originally Posted by Schrodinger's Cat
Don't mention the "T" word! I am currently embroiled in a major battle with the IRS for taxes they say I owe back from '93 and '94. They sent notices about this to an address I haven't lived at for 8 years and only last year pounced on my tax return for back taxes, finally making me aware of the problem. You don't even wanna know what a nightmare it is trying to recreate 11 and 12 year old financial records when everyone, self included, disacards stuff after 7 years! @#$$%@!@!#!$!$#@#...
Been in that boat myself just recently, same situation just a different tax collector. It concerned vehicle taxes a town I haven't lived in for 10 years suddenly decided I owed them when I went to renew my car registration. The amount wasn't really that much but I fought it on principal.

Long story short, it turns out that you really can't fight city hall. After driving around with an expired registration for 2 months, going back and forth with the powers that be, I ended up paying the freakin' tax a couple days before the end of the year so I could at least claim it as taxes paid on this years income tax returns.
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Old 01-20-2005, 10:35 PM   #10
Schrodinger's Cat
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What gets me is that this is obviously

1) Some wierd clerical error when inputting data into some monster government database somewhere.

or

2) A major corporation up to some scam of it's own, and I and God knows how many others are merely innocent bystanders.

I am listed as working for a company I never even heard of before, and when I tracked down the phone number of their corporate offices and requested a letter from them stating I had not been their employee for the years in question, they refused, saying making a statement EITHER way about my hypothetical employment would be "playing games with the IRS."

What!?!
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Old 01-20-2005, 10:52 PM   #11
Trilby
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Quote:
Originally Posted by Schrodinger's Cat

2) A major corporation up to some scam of it's own, and I and God knows how many others are merely innocent bystanders.
What!?!
Yes.
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