I get the intent here, but it’s a really bad comparison. It’s certainly easy to get confused about without base level awareness of finance and accounting things.
The DoD is a government cost center. It doesn’t generate revenue. Therefore nothing to tax. Meaning nothing for the IRS to audit.
That’s why the federal government has other audit authorities and often contracts independent auditors to help. Those people are auditing department spending and assets related though. This type of audit is not to check if taxes are owed. It’s more like making sure the department bank account is correct to keep this simple.
This. Congress is in control of auditing the Pentagon.
The most the IRS would do would be auditing the incomes of people who work at the Pentagon.
Badly put together meme.
Also the pentagon has a sizable black budget that can’t reasonably be audited. Now you may not agree with such a budget but goddamn does some cool shit come out of it.
I also want to add that many landlords were beginning to demand that their tenants pay with venmo, or other e-payment services, and those leeches need to pay their taxes.
Which the IRS has acted on, and most these platforms have to send documents to the IRS for anyone that crosses a certain threshold. They are going to have to prove it isn’t income or claim it.
I found this article on the audit. It’s also about boring but necessary things like stockpile management, automation, climate risk, and bookkeeping. It’s broken into 30 sub-audits. It sounds like all of these must be fully passed as “clean” for an audit to not be considered failing.
Yep, I’m not sure why folks think this is anything more than some company lost a gas mask somewhere. It’s me… I’m the problem it’s me.
s/IRS/GSA/
Poor people can’t afford lawyers to fight back.
Rich people can.
ErgotErgo, they aim at poor people way more often.The Pentagon is not some rich dude with lawyers.
The military also doesn’t make any revenue probably.
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Yeah not my fault its a badly considered meme.
I was just responding to the second half.
The IRS isn’t in charge of auditing the Pentagon, congress is.
Ergot, they aim at poor people way more often.
Or 99.9% of people are poor lol.
Besides, thank you Biden.
https://www.usatoday.com/story/money/2023/11/09/irs-uses-funding-to-audit-wealthy/71486513007/
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We really just need a corporate revenue tax. Any other method of taxing the ultra wealthy will be abused so that the ultra wealthy are the only ones not paying it
Ah true, guess we better do nothing rather than search for billion dollar quarters in the trillionaire holding elite class.
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Not sure what grain fungus has to do with it
Well, they are pretty clearly tripping, so maybe grain fungus has more to do with it than we realize.
Nice catch.
ergotism is a sick grim salvo reference
USA is an empire based on the strongest military in the world. Of course DoD has green light for everything. Or you believe that european countries/japan follow the american interests against their own for good will?
https://www.irs.gov/businesses/understanding-your-form-1099-k
Here are some resources to counter this misinformation.
Most importantly being that this limit, form, and change is for businesses. This is not for personal accounts.
That is for businesses, Cash app PayPal venmo etc,to report to the IRS that you had this source of income. 1099k has to deal with Internet transactions. This is absolutely for personal accounts.
Payments you got from family and friends should not be reported on Form 1099-K
Yes, yet this is what people are acting as if this regulations are. Keyword here is should.
Thank you. I keep seeing memes like this but have never heard of anyone I know actually getting audited. I only got audited once when I completely forgot to include the income from a place I worked for a couple weeks, which is fair (and probably automated on their end considering they would’ve sent their withholding information to the IRS anyways)
Yes that process is basically automated. It’s actually called The Automated Underreporter.
IRS ain’t going after the DoD. Not their job.
GAO is supposed to do that, and they regularly publish scathing reports about all sorts of DoD shit. Public, too
Reports which nobody reads and carry no consequences.
It’s just a missing missile or two here and there
You dissing the missing fissile missile ?
And in some cases they’ve found more. The miss numbers being thrown around are typically aggregate of all overage and underage combined. That way all errors are highlighted and the overages don’t net out some underages.
The other funny thing is how it’s fucking Russia. These audits are partially why old assets were depreciated even further. Which freed up more “spending” for Ukraine.
I’m even old enough to remember Republicans started this whole thing as a gotcha to Clinton. It was so they could prove with all the departments being audited that taxes could be cut. Then the only department that got a pass was DoD. Right when Bush came in. And they then kicked that can a few more times until Obama was President. Then it was suddenly a big deal to Republicans again for DoD to finally start doing audits.
So these are basically audits that are designed to fail for political points, or at least that’s how it started?
Mostly yes. The Newt Gingrich lead house Republicans wanted to do anything they could to make Clinton look bad. Somewhere around 97 these audits started across all federal offices. Point being to “prove” waste was happening and taxes for rich people could be cut. Dems went along with it because it’s not actually a bad idea. But right out of the gate the Republicans made sure DoD was given a pass.
