Re:IRS reminds taxpayers to report virtual currency transact...
by adrianratnapala on Sunday March 25, 2018 @09:15PM
(#16675809)
> in fact my own record keeping and fastidiousness led to the discovery of all 3 of those problems.
Does that mean it might be safer to be less fastidious so that no-one can uncover records that never existed?
Re:IRS reminds taxpayers to report virtual currency transact...
by TallGuyShort on Monday March 26, 2018 @10:23AM
(#16679104)
The records exist in all these cases. I operate under the assumption that the IRS is better at noticing these discrepancies than I am and that the cost of reworking it with my accountant is less than the cost of getting audited by an agency that gets off on this.
edit: Let me be even more detailed. I had to have my accountant rework my taxes 3 times. Once because of a retroactive law change after the end of the tax year. Once because of the inconsistency I discovered in official documents. And once because ETrade's documents and my employer's conflicted. Both of the latter were prepared by professionals. That's pretty typical of my filings. If it's so complex that all of that is fairly routine, that IS the government's problem. I have no problem keeping track of my own records; in fact my own record keeping and fastidiousness led to the discovery of all 3 of those problems.