One of the provisions of the Inflation Reduction Act is the allocation of almost $80 million to the IRS, which may lead to the hiring of 87,000 new IRS agents over the next decade. What does that mean for Americans?
On this episode of Adam Live, IRA Financial founder, Adam Bergman, Esq. will discuss the new IRS funding and how it may impact Self-Directed IRA investors. Will this lead to more audits? Should you be worried? Maybe, or maybe not.
Join us LIVE on Wednesday, August 17th at 12PM EDT!
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About IRA Financial:
IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions.
IRA Financial Group is a retirement account facilitator, document filing, and do-it yourself document service, not a law firm. IRA Financial Group does not provide legal services. No attorney-client relationship exists between Client and IRA Financial Group, its management, salespersons or IFG’s in-house legal counsel. IRA Financial Group provides IRA retirement facilitation service and CANNOT provide Client with legal, investment, or financial advice. Prior to making any investment decisions, please consult with the appropriate legal, tax, and investment professionals for advice.
IFG is not engaged in rendering legal, accounting or other professional services. If legal advice or other professional assistance is required, the services of a competent professional person should be sought. (From a Declaration of Principles jointly adopted by a Committee of the American Bar Association & a Committee of Publishers and Associations.). The scope of Professional Services does not include the costs of any custodian related services.
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The job description for the jobs includes the use of weapons training and comfort with high level automatic weaponry. Go figure.
1 – On page 1 it clearly states the IRS new focus will be on persons who earn $400,000+ per year
2 – On page 1 it clearly states the IRS will focus on TAX LOOPHOLES
3 – The 87,000 new hire will take the IRS back to 2010 staff levels
4 – The armed IRS agents are part of the Criminal Investigations Unit. The unit that took down Al Capone and drug dealers. That is only 3% of the IRS
Try doing your homework.
The liars on right wingnut tv are ALL MILLIONAIRE welfare queens who do not want to be audited
THE MASTER OF CRIME BILLS STRIKES AGAIN. HE'S ABOUT TO TURN HARD WORKING AMERICANS INTO CRIMINALS. YAH GONNA BE IN A DIRTY ASS JAIL WITH KILLERS AND THUGS OR WORSE DEAD. I PREPARED TO DIE THAN TO PAY TAXES ON A SUCKY PRODUCT!
Biden administration will hire 87000 IRS agents to investigate the Biden's family IRS tax issues. Good work for Hunter.
It would be a start for Americans to not FILE taxes. Bottom line is we are all taxpayers as we spend money in America. If you file a tax form the IRS will hold you to what you have committed to owing. Stop the contract by not filing! It truly is that simple. No law against not filing. I have not filled since somewhere around 1999. Find a law that says you must file and it is worth $10000 to the person who does so. That $10000 has been available since I tried to earn it back during the millennium. STOP filing and they will only bother you for up to 3 years post quitting to file. I dare you all and if you do welcome to the revolution! We need backbones, not spineless jellyfish, there is a war happening in America and we are taking on casualties, it is time to fight for all that is real and true! America was founded by dangerous men, we need dangerous leaders to lead by example. I just gave you one. I DARE you ALL. STOP Filing tax forms which is a binding agreement that you want to give your government your money. Taxation is theft. STOP IT NOW! Also, note to those Leary of the truth, since I do not file they have a special little box for me each year to put a check mark that says, "Check here if you do not file"! Answer me that, why would there be a specific place for me to respond to them every year and be 100% accepted? I have received Gov't Grants, student loans, and I'm usually top of the list for stimulus checks and I DO NOT FILE. I receive income from multiple sources yet I do not file EVER! Again, I DARE YOU ALL!
Expect the Anti I.R.S. noise to continue out of the Republican party. In the past if you made over 10 million dollars the IRS would not in most cases go after you. The reason for that is the legal tie ups in the courts that millionaires and Billionaires do. The wealthy Republican Party donors are demanding the Politicians put a stop to it. Notice how the Trumpite Politicians are all spinning along and demonizing the IRS. That's because they're millionaires themselves and don't want to pay their fair share in Taxes. The liars and conspiracy freaks make big money to sucker their loyal followers.
So the bottom line – They will only go after small fish because the big fish has the means to fight it.