In a favourite movie of mine Meet Joe Black, Brad Pit as death said “there are two things that are guaranteed in life Death and Taxes”.
So is the IRS more concerned with death or taxes?
I have been in a constant battle with the IRS since January 2019 the IRS is impossible to deal with, they ignore communications and instead continue to issue meaningless false notices, here’s the whole skinny: –
Until January this year I paid no tax on my small pension from the TRS (Teachers Retirement System). I pay my taxes in Malta and under the double taxation treaty this has always been the case. However, for the first time they suddenly started deducting tax at 30%, now this may not be a whole lot of money as far as most people are concerned but to me was a big slice of my US pension. Fortunately, most of my pensions come from the UK and they remain untaxed as they should be.
IRS Commissioner Charles Rettig recently said it was cheaper and easier for them to audit the poor as auditing the rich cost more in money and expertise, he asked the US government to give them more money to commence audits for the rich but for some reason the government don’t want to do that. Conflict of interest maybe? The whole scam of tax and the cost of recovering it could be settled easily with a more transparent and fair way of taxing people. Tax on what we consume, VAT, Power, etc. What is the point of trying to find hidden money, its like searching for a needle in a haystack?
Death and Taxes indeed, well my problems will not be the death of me, in fact perhaps I should send a copy of this deliberately short post to Charles Rettig (long words seem to be difficult for him.