Impressive movement indeed. Definately don’t want to fight it. Think I’ll focus on sectors or industries instead of broad indexes for scalps today. I’ll wait a bit after the open before trying my new high frequency trading idea on MES.
ES Journal - 2019/2020
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Impressive movement indeed. Definately don’t want to fight it. Think I’ll focus on sectors or industries instead of broad indexes for scalps today. I’ll wait a bit after the open before trying my new high frequency trading idea on MES.
What good is it if only 50% of the people will get the shots ?
https://news.gallup.com/poll/321839/readiness-covid-vaccine-falls-past-month.aspx
Those people should be arrested, no ?
certainly
OK Guys, be sure to file a tax return this year....even if it's not so...uhh...accurate. No return = audit.
IRS to Resume House Visits to Suspected Tax Cheats Post-Pandemic
By Laura Davison
November 16, 2020, 4:11 PM EST
Tax agents will contact non-filers who earn at least $100,000
Agency is increasing new investigations after years of decline
Internal Revenue Service agents will resume knocking on doors of suspected
high-income tax avoiders after the coronavirus pandemic passes, two agency
officials said Monday.
“We’ll come knocking and asking,” said James Robnett, deputy chief of IRS
Criminal Investigation. “Even more, we will be knocking on doors in the
coming months to make sure these high-income non-filers comply.”
IRS agents since February have been following up with high-income individuals
who earned at least $100,00, but failed to file income tax returns. Some
efforts were delayed or paused because of the pandemic, but the agency plans
to resume and expand them once the health crisis rescinds, Darren Guillot, an
IRS deputy commissioner for collections and operations support, said at an
American Institute of Certified Public Accountants event.
In fiscal year 2020, the IRS launched 279 investigations into individuals who
have failed to file tax returns and so far has recommended 146 for
prosecution, Robnett said. Of those, there have been 96 indictments and 80
individuals sentenced for an average of 36 months in prison, he said.
The IRS has concentrated efforts in the last year on identifying an estimated
9 million individuals who have not filed a tax return. The contact is
typically the final step before the IRS pursues more severe action, such as
criminal or civil cases against that individual.
The focus on high-income non-filers comes as the IRS is initiating more
criminal investigations, but indictments and convictions continue to fall.
The IRS launched 2,596 criminal probes in fiscal year 2020, the first annual
increase after six consecutive decreases. In the 2013 fiscal year, when that
decline began, the IRS Criminal Investigation division opened 5,314 cases,
the highest number in the past 15 years, according to IRS data.
The IRS said it identified $2.3 billion in tax fraud, up from $1.8 billion a
year prior. Still, an agency watchdog found in a June report that there are
tens of billions of dollars of uncollected taxes from people who don’t file
tax returns. The Treasury Inspector General for Tax Administration released a
report that said 879,415 high-income individuals who didn’t file returns
cumulatively failed to pay $45.7 billion in taxes from 2014 to 2016.
The agency offers some relief to individuals who are behind on filing their
tax returns if they voluntarily file the paperwork before the IRS comes after
them, Guillot said. Even if the taxpayer can’t pay what they owe,
late-payment penalties are less expensive than the fines for failing to file
a tax return and paying past the deadline, he said.
“The message is really, really clear here,” Robnett said. “File now.”
IRS to Resume House Visits to Suspected Tax Cheats Post-Pandemic
By Laura Davison
November 16, 2020, 4:11 PM EST
Tax agents will contact non-filers who earn at least $100,000
Agency is increasing new investigations after years of decline
Internal Revenue Service agents will resume knocking on doors of suspected
high-income tax avoiders after the coronavirus pandemic passes, two agency
officials said Monday.
“We’ll come knocking and asking,” said James Robnett, deputy chief of IRS
Criminal Investigation. “Even more, we will be knocking on doors in the
coming months to make sure these high-income non-filers comply.”
IRS agents since February have been following up with high-income individuals
who earned at least $100,00, but failed to file income tax returns. Some
efforts were delayed or paused because of the pandemic, but the agency plans
to resume and expand them once the health crisis rescinds, Darren Guillot, an
IRS deputy commissioner for collections and operations support, said at an
American Institute of Certified Public Accountants event.
In fiscal year 2020, the IRS launched 279 investigations into individuals who
have failed to file tax returns and so far has recommended 146 for
prosecution, Robnett said. Of those, there have been 96 indictments and 80
individuals sentenced for an average of 36 months in prison, he said.
The IRS has concentrated efforts in the last year on identifying an estimated
9 million individuals who have not filed a tax return. The contact is
typically the final step before the IRS pursues more severe action, such as
criminal or civil cases against that individual.
The focus on high-income non-filers comes as the IRS is initiating more
criminal investigations, but indictments and convictions continue to fall.
The IRS launched 2,596 criminal probes in fiscal year 2020, the first annual
increase after six consecutive decreases. In the 2013 fiscal year, when that
decline began, the IRS Criminal Investigation division opened 5,314 cases,
the highest number in the past 15 years, according to IRS data.
The IRS said it identified $2.3 billion in tax fraud, up from $1.8 billion a
year prior. Still, an agency watchdog found in a June report that there are
tens of billions of dollars of uncollected taxes from people who don’t file
tax returns. The Treasury Inspector General for Tax Administration released a
report that said 879,415 high-income individuals who didn’t file returns
cumulatively failed to pay $45.7 billion in taxes from 2014 to 2016.
The agency offers some relief to individuals who are behind on filing their
tax returns if they voluntarily file the paperwork before the IRS comes after
them, Guillot said. Even if the taxpayer can’t pay what they owe,
late-payment penalties are less expensive than the fines for failing to file
a tax return and paying past the deadline, he said.
“The message is really, really clear here,” Robnett said. “File now.”
I rent Muttley out for $250/hr.
- Status