Quote:
Originally Posted by xtb
Whatever, you know what I meant.
If you feel confident that the IRS will not pursue you for your winnings at an ADW, go for it.
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There's nothing the IRS hates more than an honest taxpayer. I was audited by the IRS. It was 4 months long and the longest audit in their field office.
At the end of the audit, the rep told me they couldn't find anything and that Schedule C people on average underreport their income 50%. He implied that he was reprimanded for spending too much time on the case. He also added they wouldn't be back for a long time. I was never audited again and that was a long time ago.
They played all kind of games with me. Calling at odd hours to my home hoping to catch me off guard. Asking for material and when I supplied it they ignored it. Then ask for something else. It made me think they are wasteful people with a bad culture not productive to the taxpayer or the IRS.