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RE: Letting Go of Old Things: From Dust to Creativity
They would tell you should have kept important papers in a security deposit box at the bank. I do believe here in the USA at least they give a tax deduction for cost of security box but I’m not a tax professional.
Oh the IRS… Never mess with the IRS… they love their papers, and documents of old formats.
Yeah, never mess with the IRS! They can always find "exceptions" and "circumstances" that prove you didn't follow the requirements for documentation as well as you could have.
What annoys me most about them, however, is that they will pursue someone who owes $1200 to the ends of the Earth but if you owe $200K they'll negotiate and let that person off paying $25K. Where the hell is the equity in that? They could USE that $175K so they wouldn't have to waste the salaries of revenue agents to collect all those smaller debts.
Simple if I owe 200k and I spend 100k to only pay 25k then I profit 75k. So in reality trying collect on someone willing to spend money is going get very costly.
1.2k I don’t even think gets you a court date anymore in this country. They can put you on a string and make you dance because you can’t afford anything else.
Makes me sad how many times I have seen them destroy the little guy while letting the big one away. Heck they even offer from time to time some forgiveness for not paying taxes on huge sums of money and hiding it overseas. They want that money back into the country and they are willing to play the game.
It’s very messed up I will admit.
So very messed up. The big guy can afford to tie something up in litigation for 20 years... it's a simple thing. Makes them "difficult" to collect from.
The US is SUCH a strange place. It's amazing how many things you can make "go away" if you ask nicely... on law firm letterhead.
Same works for airports, and hotels with fancy business cards hehe.
Yep that is totally how it works, and is totally unfair!!