IRS vs State Tax Collectors: The Battle Continues
Oh darling the IRS is cracking down on the wealthy but state tax collectors are out here flexing even more muscle with aggressive audits of high earners. It's like watching a real life Bollywood drama unfold!
New York New Audits Less Auditors
New York reported a whopping 771,000 audits in 2022 up 56% from the previous year. With fewer auditors due to tight budgets the state is pulling a magic trick now you see auditors now you don't! How mysterious!
AI to the Rescue...or Not
Artificial Intelligence is the new Sherlock Holmes for tax authorities sniffing out the wealthiest of the wealthy for audits. It's like playing a high stakes game of 'Guess Who?' with the state tax department!
Tax Residency Mysteries and Remote Work Woes
Move over Agatha Christie state tax auditors are now using cellphone records to solve the mystery of tax residency changes and remote work for high earners. It's like a tax themed episode of 'CSI: New York'!
The Case of the Mysterious Moving TV
In a baffling turn of events state tax authorities are claiming that the wealthy didn't really move if all their stuff including the TV is still in New York. Because obviously wealthy people can't buy another TV for their Florida home right?
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Forget Netflix, I'd watch a show where Priyanka Chopra explains tax audits in her own unique way. This article is a hilarious masterpiece!