Have YOU ever been audited?!? I have. It's something that doesn't need to be gone through, period. Welcome to 'Merica though, glad you could come on board.
Opening account with Interactive Brokers as S Corp
- Thread starter newdog
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Have YOU ever been audited?!? I have. It's something that doesn't need to be gone through, period. Welcome to 'Merica though, glad you could come on board.
Yes, of course. In real life, audits have little impact. Your accountant/preparer handles the details. It costs a few dollars, but hey, life costs money.
I don't want to spare the penny and you are asking me to be okay with wasting time and dollars. Hope you don't trade so recklessly
Well, I'm certainly subpar compared with everyone else on ET, with their 3- 6 Sharpes, few or no losing days, and profits of 3× the daily range.
Yes, I have...but it was no big deal.
I agree with Morris, you can't live your life in fear of the IRS.
Plus, they've been crippled by budget cut-backs....chances of audit are much lower now compared to 10 years ago.
what a great prank to play on your friends
A waste of time....I'll bet one in one hundred of these forms ever get action taken.what a great prank to play on your friends
Reason: The IRS is spread so thin today.
Exactly....it's just been crazy in the Washington bureaucracy during the Obama administration.
Hopefully, Trump will just eliminate it...i.e. the IRS, the SEC, the EPA.
All of these agencies are so cost-unjustified, it's just nuts.
The cost FAR outweighs the benefits....a good businessman would see that.
Obama was NOT a businessman by any stretch of the imagination.
He couldn't run a profitable lemonade stand if his life depended on it.
Hopefully, Trump will just eliminate it...i.e. the IRS, the SEC, the EPA.
All of these agencies are so cost-unjustified, it's just nuts.
The cost FAR outweighs the benefits....a good businessman would see that.
Obama was NOT a businessman by any stretch of the imagination.
He couldn't run a profitable lemonade stand if his life depended on it.