this post was submitted on 07 Feb 2024
494 points (99.2% liked)

Technology

59708 readers
2027 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
 

TurboTax maker Intuit spent millions in record lobbying blitz amid threats to tax prep industry::undefined

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 2 points 9 months ago (1 children)

I didn't want to assume based off what little they provided since often this libertarian puffery but their follow up indicates clear intent to evade taxes.

Not filing is tax evasion a bit of research would alleviate them of any misconceptions on this.

There only hope is to file all those years and as you noted, ignore the penalties but I see no indication they'll be doing that anytime soon.

This type of person is the reason cash app and others are now required to report. And if this fool tries to skirt around by structuring payments under those limits, they'll fuck themselves in ways only money launderers experience.

The fact that they haven't hit the existing limits indicates they are living a life of poverty. They are putting themselves at substantial risk over tiny sums of money. Either that or they are structuring payments, at which point money laundering comes into play and whoever is playing along with them is putting themselves at substantial risk.