AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Are You Making a Million Dollars a Year?
50% of the audits were on people that were making less than 75,000 dollars a year. And why are they doing that? Well, probably because if you're making less money, you're not going to have the resources to hire a good accountant and hire a good attorney to represent you. So it's just easier, right? I mean, you're maybe less financially savvy than somebody who's making half a million dollars a year or two million dollars ayearBecause now you probably have more resources to defend yourself. The IRS is trying to see you do something wrong. If you try to get $10,000 under the table, it's a bad idea as you already know you