Who's been through an IRS audit?

Discussion in 'Professional Trading' started by DataCruncher, Feb 14, 2008.

  1. emr global i'm willing to bet you filled your taxes very very late and ignored the irs's letters. since the irs only had your total sales they assesed axes like all your stock sales were profits since they didn't have your buy prices on your stocks. and if they put a lien on you you had to have been 2 plus years late filing
     
    #41     Feb 16, 2008
  2. anybody ever have the IRS audit multiple members of your family?
     
    #42     Mar 28, 2008
  3. *bump*
     
    #43     Mar 29, 2008
  4. I'm glad this all in jest as the IRS guidelines for trader status are a joke.
    Seriously, I doubt they would EVER show-up unannounced unless there was a whistleblower somewhere.....so whatever you do, if your neighbors know of your success, don't keep your Aston Martin DB9 Convertible in the driveway.
    http://www.google.com/imgres?imgurl...e&sa=X&oi=image_result&resnum=1&ct=image&cd=1
    (One of my neighbors has this exact model and color !)
     
    #44     Mar 29, 2008
  5. 250k ? Wow, what was your net income that year ?
    1 Million ?
     
    #45     Mar 29, 2008