Yet every business transaction IS available to back up the
Tue Apr 9, 2019 7:08pm

deductions and earnings. It's called an AUDIT.

  • such would provide. Tax returns don't detail every business transaction one engages in.
    • Yet every business transaction IS available to back up the — Sia☺giah, Tue Apr 9 7:08pm
      • But, does congress have authority to audit?Deplorable Pheoma, Wed Apr 10 9:30am
        The section of the code that gives them authority to request the return says nothing about auditing the return. Auditing, it would seem, would be up to the IRS. But then, it is claimed that the... more
      • Yes and no....Sprout, Wed Apr 10 8:59am
        I suspect a lot of international business transactions never go through the United States, and as such, would not be documented on tax returns.
        • and you do know that is illegal, right?Sia☺giah, Wed Apr 10 12:22pm
          Do you suppose that with all of the investigations into so many close to tRUMP, particularly Manafort, and his IRS violations in not reporting income, that investigators don't KNOW about transactions ... more
          • Really?Sprout, Wed Apr 10 12:39pm
            So, when an American owned business conducts a financial transaction between Spain and Morocco it is taxable under US tax law? Interesting. Might want to look into that.
            • When they are based in the US, yes. (nm)Sia☺giah, Wed Apr 10 3:54pm
              • Really? Sprout, Wed Apr 10 4:17pm
                So, if an American company owns a factory in Spain making widgets and those widgets are sold in Morocco with the funds transferred to Spain from Morocco, and the funds never entering the United... more
                • You don't KNOW that ?? Sia☺giah, Wed Apr 10 7:15pm
         In the United States, worldwide income... more
            • How about you look in how US companies have to report financial transaction on international concerns. I have to pay taxes on investments that are held by foreign interests. I suspect you know... more
              • deletedG👁G is banned, Wed Apr 10 11:12pm
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