IRS Auditors Are Getting... Audited? - How Money Works

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  • Опубліковано 13 гру 2024

КОМЕНТАРІ • 82

  • @HowMoneyWorks
    @HowMoneyWorks  2 роки тому +25

    This story was based on an article published by the daily upside, if you enjoy business stories like this one make sure to sign up to their free email newsletter at bit.ly/3KnnI3H

    • @roxaskinghearts
      @roxaskinghearts 2 роки тому

      Another quality video.

    • @Viipxz
      @Viipxz 2 роки тому +2

      Make sure you disclose when something is sponsored content so you don’t get in trouble

  • @JamesDecker7
    @JamesDecker7 2 роки тому +249

    “Who watches the watchers” indeed…

  • @alexanderlyon
    @alexanderlyon 2 роки тому +152

    Oh, dang! Very interesting. Audit the auditors!!!! Nice.

    • @Kinos141
      @Kinos141 2 роки тому +4

      Then, who audits the ones who audits the auditors?

    • @adrianolimaco8500
      @adrianolimaco8500 2 роки тому +1

      @@Kinos141 me

  • @acenull0
    @acenull0 2 роки тому +68

    LMAO I'm sure the IRS is sweating bullets 😂😂😂

  • @puffpyf
    @puffpyf 2 роки тому +5

    Even the IRS can't escape the irs

    • @WitchMedusa
      @WitchMedusa 2 роки тому

      Anyone can escape the IRS, it's easy.

  • @Hawxxfan
    @Hawxxfan 2 роки тому +42

    this is less about the IRS getting audited and more about the negative consequences of whistleblower reward systems. hard to imagine it won't happen again

    • @failedfishermanBC
      @failedfishermanBC 2 роки тому +14

      I don't actually understand the negative consequences... what ended up happening?

  • @hadleytorres8171
    @hadleytorres8171 2 роки тому +7

    The irs needs to audit large corporations and close the loopholes allowing a corporation to stall audits through litigation to the point that the irs spends more money than WE'RE owed.

  • @Soccertz1
    @Soccertz1 2 роки тому +3

    I got hurt and took money out of my 401k. I thought I signed the paper to take out the taxes but since it was my first time ever doing anything like this. Instead of going on welfare I borrowed my own money. Fast forward 7-8 years adding on that many years of penalties and the IRS takes out every single cent I owned…over $2000….as I babysat for my job I didn’t make a whole lot. Do you think they cared if i could pay my rent? Get food and as all of you know…..much much more. Anyone have any tips for me on how to get any of it back? EFF the IRS. JERKS

    • @WitchMedusa
      @WitchMedusa 2 роки тому

      Yeah, evade taxes properly next time & dont make mistakes.
      If you get paid cash then dont report it, or only report what you need to cover your probable expenses, such as mortgage payment, car payment, & anything where its registered on your credit report. Dont worry about payments which you dont have on paper reporting, such as rent, insurance, cell phone plan, etc.
      For extra privacy register your address at a postal box & receive mail there.
      Some phone plans will put it on your credit report, mainly stuff with lock in plans on contract. Avoid this by going to pay per month no contract plans like Mint or Ting, this will lower your trackable expenses.
      In terms of investments, invest in decentralized assets which dont have KYC, this means buying physical gold or crypto currencies. I recommend Monero which is private & untraceable, use a site like LocalMonero to buy it for cash. Gold can be bought at any metals dealers.
      The goal is to build wealth & be prosperous, so just because your work under the table doesn't mean you cant inveat into your future & have a comfortable retirement. Consider what your saving on taxes here to be repaying the money which they government stole from you. Good luck.

  • @tanjoy0205
    @tanjoy0205 2 роки тому +18

    Life is truly a circle .

  • @undercoverduck
    @undercoverduck 2 роки тому +7

    Very good! Unchecked power never works out in the long run.

  • @Inquisitor-Doi
    @Inquisitor-Doi 2 роки тому +1

    This will either change everything or nothing

  • @veasnatdm4861
    @veasnatdm4861 2 роки тому

    As an audit student, yes even audit firm get audited internally and externally, annually.

  • @V2RocketScientist
    @V2RocketScientist 2 роки тому +6

    Wait a minute... you mean people in government might not be honest individuals when we trust them blindly? This is news to me!

  • @the_larsonfamily
    @the_larsonfamily 2 роки тому

    Thank God for Uno

  • @Demonte202
    @Demonte202 2 роки тому

    They need to be audited

  • @Harshal378
    @Harshal378 2 роки тому +18

    Al Capone be like 👀

  • @meaculpamishegas
    @meaculpamishegas 2 роки тому

    This would be funny if WE weren’t footing the bill

  • @bodytolson7390
    @bodytolson7390 2 роки тому +1

    Audit the pentagon next? No? Shame.

  • @KailyKail
    @KailyKail 2 роки тому

    Just another reason to abolish the IRS

  • @PathForger_
    @PathForger_ 2 роки тому +6

    Another Reverse Uno card that needs to happen: Road Vehicle-Worthiness Tests where vehicles registered to failed roads take a break on licence and related fees.

  • @o0TaxMan0o
    @o0TaxMan0o 2 роки тому

    Stop stop stop!! Who thinks they won't find anything? It'll be the old "we have investigated ourselves and found us not to be in the wrong".

  • @brianjones8673
    @brianjones8673 2 роки тому

    Who wants to bet the auditor auditing the auditor gets audited

  • @scottwinn5043
    @scottwinn5043 2 роки тому +1

    fascinating

  • @cinimatics
    @cinimatics 2 роки тому

    The whole IRS is unnecessary if you ask me.

    • @saahiliyer11
      @saahiliyer11 2 роки тому +1

      That’s why no one asks you

  • @pineapplepizza5733
    @pineapplepizza5733 2 роки тому +1

    When are the auditors of the auditors of the auditors audited

  • @SlimThrull
    @SlimThrull 2 роки тому

    Interesting, yes. Shocking? Not at all.

  • @trevorreid9142
    @trevorreid9142 2 роки тому

    I always thought this needed to happen, I just couldn’t figure out who would do it

  • @TheMomanslm
    @TheMomanslm 2 роки тому

    Long overdue but it would be prudent to have oversight within this audit.

  • @bearb.7406
    @bearb.7406 2 роки тому

    EFFING about time!!

  • @StonerRich
    @StonerRich 2 роки тому

    Its about time

  • @ledfloyd9035
    @ledfloyd9035 Рік тому

    Look... Even the joker wouldn't mess with the IRS. I'm sorry guys but the treasury isn't gonna do anything. :(

  • @JohnSmith-rw6vo
    @JohnSmith-rw6vo 2 роки тому

    This reminds me of that scene in "The Other Guys".

  • @drunkencowboi7934
    @drunkencowboi7934 2 роки тому +1

    Now we just need to do this but for the fed…

  • @oiinahgiiusadurrybrahchuck7209
    @oiinahgiiusadurrybrahchuck7209 2 роки тому

    This is spicy!

  • @saucefiendsupreme
    @saucefiendsupreme 2 роки тому +3

    mashalla no more taxes

    • @ethanstump
      @ethanstump 2 роки тому

      You have to support the anarchist revolution first, for their to be no taxes. Then again, you still would be paying into welfare, just with no gun at your back.

  • @aninstantramen9994
    @aninstantramen9994 2 роки тому +2

    I hope they get screwed so incredibly hard. Or maybe the rich bank people will just pay off the auditors auditing the auditors lmao

    • @saahiliyer11
      @saahiliyer11 2 роки тому

      Why do you hope they get screwed? That’s just going to make this worse. You know why people swap from the IRS to the private sector? Because decades of “screwing the IRS” has made so it’s incredibly lucrative to do so. Screwing the IRS is literally the root of the problem. The counter-intuitive solution is to boost their budget so they can a) pay their employees something close to competitive pay and b) have the sheer resources to go after big corporations. Screwing the IRS just makes it so the only ones they CAN go after is regular people. iirc, the ROI for the IRS is like $6 for every $1 increase to their budget. It’s insane.

  • @dominick951
    @dominick951 2 роки тому

    It's almost like no matter what regulatory body you have etc. This will always happen.

  • @WanderTheNomad
    @WanderTheNomad 2 роки тому +1

    There's always a bigger fish

  • @roshanmagar321
    @roshanmagar321 2 роки тому

    Now now how the tables turned😂😂

  • @neonbunnies9596
    @neonbunnies9596 2 роки тому +4

    Nice try, but the biggest Uno Reverse card is the flare-counterflare missile technologies

    • @teodordimdal6313
      @teodordimdal6313 2 роки тому +1

      Ah yes, but have you heard of electronic counter-counter-countermeasures (ECCCM)?

  • @IceglacierArnar
    @IceglacierArnar 2 роки тому +2

    I have always been a big fan of Switzerland and have never seen an error in their policy, until now ..... Switzerland was neutral in World War II with good results. But to move away from the policy of neutrality for Ukraine by confiscating or freezing Russia's reserves ....
    Is one of the dumbest things I've ever seen.
    This will cost Switzerland enormously. Reputation as a neutral country is enormous. Switzerland has lost its policy of neutrality.
    But it is more than a political bankruptcy that Switzerland is going through.
    It is money and the future position of Switzerland as a monetary power.
    Switzerland is holding 200 billion in Russian reserves. Russia will now become a perpetual enemy of Switzerland.
    AND .... not a single nation will trust them for their reserves.
    And the Swiss franc as a reserve for countries? They can forget it too. In the future, the Swiss franc could begin to decline as a result of this Swiss move.
    Moreover, the bad guys and criminals, who keep their ill-gotten wealth, will not trust Switzerland, let alone put their money there
    The team will look elsewhere in the world for their money.
    Russia will probably never store its reserves abroad again.
    Switzerland will lose all its credibility and lose a huge future income. SWITZER IS NO LONGER RELIABLE ...

  • @samm010
    @samm010 2 роки тому

    How to turns have tabled

  • @ThexXxXxOLOxXxXx
    @ThexXxXxOLOxXxXx 2 роки тому

    Working for KPMG wasn't my favourite job

  • @miguelperez9906
    @miguelperez9906 2 роки тому

    Opposing factions yea I dint buy it.

  • @NS_Voice
    @NS_Voice 2 роки тому

    10 bucks nothing actually happens

  • @TFASplbtttt
    @TFASplbtttt 2 роки тому

    Hmmm, huge companies making m(b/t) trillions of dollars not getting audited? SAY IT AINT SO

  • @lowwastehighmelanin
    @lowwastehighmelanin 2 роки тому

    GOOD

  • @ijchua
    @ijchua 2 роки тому +1

    Damn, this whole video is an advertisement

  • @dresher0121
    @dresher0121 2 роки тому +1

    Who's auditing the US government? - _ -

    • @lonestarr1490
      @lonestarr1490 2 роки тому

      Asking this kind of question after an outright real estate shark was almost re-elected for a second term. Only in America.

    • @sabotabby3372
      @sabotabby3372 2 роки тому

      The US government is sanctioning the International Criminal Court for wanting to launch an investigations into US war crimes

  • @gray3589
    @gray3589 2 роки тому

    Moneyless life... Is it possible?