I call this setting a trap. If you don't claim things that you are entitled to, you will get paid if they ever audit you. If audited, dare them to audit other tax years, the more they audit, the more they have to pay you. They learn to not look at your shit anymore.
Wait. So you're game plan is to allow them to keep some of your money every year in the off chance you're audited and then you can get some of it back?
When you make enough money, and have a bunch of deductions, you tend to get audited A LOT. Yearly. For the average Joe, there is no worry about this. If you're self employed and you make good money, then yes, you will be audited all of the damn time.
When they audit you and find out that they have to pay you, they do slap some interest on it. At this point it is not even about the money, it is about sticking it to them. They look to screw everybody and I end up screwing them by wasting their time. They eat up a bunch of time trying to find some way to charge me, and then they have to pay me on top of it. My real satisfaction is knowing that they used up time that can't be used against other people, and since I don't miss the money, I will keep it going. It is petty but I feel good doing it.
I read about a guy who set up a trading algorithm to buy and sell stocks constantly with the goal of breaking even. He uses up a pallet of paper and files by paper, so he wastes a lot of their time. Most people would call this a waste of time and money, but if everyone who had the ability to do this did it, the taxman would have a lot less time to go after average people.
I read about a guy who set up a trading algorithm to buy and sell stocks constantly with the goal of breaking even. He uses up a pallet of paper and files by paper, so he wastes a lot of their time. Most people would call this a waste of time and money, but if everyone who had the ability to do this did it, the taxman would have a lot less time to go after average people.
I remember that guy. Become ungovernable kek.
Ahh, gotcha. When you put it that way, you're the shit. The first comment made it feel like one of those "If you use this one simple trick," type deals.
I read about that too. He found that they legally had to accept everything in paper form if that's how it was submitted so he would literally ship pallets of documents, if I remember correctly.
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