Thread: Money 2024 Tax Season Thread
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Old 03-05-2024, 04:27 PM   #67
DaFace DaFace is offline
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Join Date: Aug 2005
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Quote:
Originally Posted by Ming the Merciless View Post
It really does make you wonder. The AI involved in detecting cheaters must be pretty cool. I was talking to someone the other day and they were telling me about some of the red flags that can trigger an audit (owner draw as X percent instead of paying yourself a higher salary, like for an LLC)


and some of the lines were pretty arbitrary....


If I ever get audited , theyre gonna owe me money and it will be a huge waste of their time. I like to err on the side of caution , a la a Marty Shottenheimer tax strategy
It would be super cool if the IRS was using some sort of satellite AI to identify what locations have had solar installed. I'm confident that it exists - roofers can give you a price quote based on those kinds of systems.

But I strongly suspect the IRS isn't sophisticated enough for that kind of tech.
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