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IRS, Auditing, and Taxes

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    jeb1212's Avatar
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    That IRS link give me a 404 Error Page, new link is:

    Cash Intensive Businesses Audit Techniques Guide - Chapter 16



    Chapter 8 on the Underground Economy makes for some fun reading.

    "Areas for potential abuse include the house with the perpetual yard sales, eBay sellers, craft fairs, selling homemade tamales, doing car repairs in the backyard, collecting cans and bottles for recycling, selling goods at pawn shops, day laborers on street corners."

    How PC, the IRS is multicultural.

    I wonder how many audits they perform on people "selling homemade tamales" or "collecting cans and bottles for recycling". ROTFLMFAO, there must be big tax payments to be found there.

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