Why Do We Have Ivy League Trained Lawyers On Here Posting Fake News?

[invalid]

This is a real problem right now.

If even y’all are susceptible to the bullshyt, what does that mean for the greater black populace?

@The Hon. Stringer Bell

I have no confidence in your critical thinking abilities.

 

[Supa cat]

Knew exactly who op was talking about from the title alone

 

[EBK String]

I'm just another black man caught up in the mix tryna make a dollar out of 15 cents.

 

[invalid]

I'm just another black man caught up in the mix tryna make a dollar out of 15 cents.

cue victim bars.

 

[Supa cat]

Remember when he said he wished he was born white

 

[O.G.B]

Department Of The Treasury General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals

INTRODUCE COMPREHENSIVE FINANCIAL ACCOUNT REPORTING TO IMPROVE TAX COMPLIANCE

Current Law

Business income is subject to limited information reporting. Current information reporting of gross receipts exists for only certain types of revenue (from Forms 1099-MISC, 1099-NEC, and 1099-K), and there is no information reporting on total deductible expenses.

Reasons for Change

The tax gap for business income (outside of large corporations) from the most recently published Internal Revenue Service (IRS) estimates is $166 billion a year.1 The scale of this revenue loss is driven primarily by the lack of comprehensive information reporting and the resulting difficulty identifying noncompliance outside of an audit. While the net misreporting percentage is only 5 percent for income subject to substantial information reporting, the net misreporting percentage for certain categories of business income exceeds 50 percent. Requiring comprehensive information reporting on the inflows and outflows of financial accounts will increase the visibility of gross receipts and deductible expenses to the IRS. Increased visibility of business income will enhance the effectiveness of IRS enforcement measures and encourage voluntary compliance.

Proposal

This proposal would create a comprehensive financial account information reporting regime. Financial institutions would report data on financial accounts in an information return. The annual return will report gross inflows and outflows with a breakdown for physical cash, transactions with a foreign account, and transfers to and from another account with the same owner. This requirement would apply to all business and personal accounts from financial institutions, including bank, loan, and investment accounts,2 with the exception of accounts below a low de minimis gross flow threshold of $600 or fair market value of $600. Other accounts with characteristics similar to financial institution accounts will be covered under this information reporting regime. In particular, payment settlement entities would collect Taxpayer Identification Numbers (TINs) and file a revised Form 1099-K expanded to all payee accounts (subject to the same de minimis threshold), reporting not only gross receipts but also gross purchases, physical cash, as well as payments to and from foreign accounts, and transfer inflows and outflows. Similar reporting requirements would apply to crypto asset exchanges and custodians. Separately, reporting requirements would apply in cases in which taxpayers buy crypto assets 1 Computed from individual income tax business income, small corporations, and self-employment tax components. 2 Current income reporting by financial institutions would be expanded to all entities, including certain corporations. Interest payments would be included in the loan account reporting. Transferee information would be reported for all real estate transactions on Form 1099-S


https://home.treasury.gov/system/files/131/General-Explanations-FY2022.pdf

 

[invalid]

Remember when he said he wished he was born white

Or that he snooped through his gay classmates computer looking for gay shyt and found it.

 

[Obreh Winfrey]

Remember when he said he wished he was born white

Dude is an outright embarrassment to black people.

Or that he snooped through his gay classmates computer looking for gay shyt and found it.

Case in point.

 

[bourgeoisie tall freak]

i had just posted in the thread then poof ... it was gone lolol



come on elite law school

 

[collateral.]

Throw Nicole’s part time lawyer part time NYC blood gangbanger fraudulent ass in the mix too

 

[Neo TheInsurrectionistONE]

This is a real problem right now.

If even y’all are susceptible to the bullshyt, what does that mean for the greater black populace?

@The Hon. Stringer Bell

I have no confidence in your critical thinking abilities.

I got nothing but respect for @The Hon. Stringer Bell after seeing his IG. Dude is legit, got a bad chic, and really living the life that he talks about. I think he's on his way to becoming black excellence



With that being said...
What did he post?

 

[Buckeye Fever]

Throw Nicole’s part time lawyer part time NYC blood gangbanger fraudulent ass in the mix too

Yesterday, I dapped her and she mentioned me and told me not to dap her cuz we aint good. i honestly dont know what i said to make her mad. She also told me to keep my distance, so I reluctantly put her on ignore because I really did rock wit her, but she dont want me dappin her, so

 

[AsTheWorldBurns]

i had just posted in the thread then poof ... it was gone lolol



come on elite law school

What was the thread?

 

[collateral.]

Yesterday, I dapped her and she mentioned me and told me not to dap her cuz we aint good. i honestly dont know what i said to make her mad. She also told me to keep my distance, so I reluctantly put her on ignore because I really did rock wit her, but she dont want me dappin her, so

Yup that was the thread she “exposed” me in lol. That broad is mentally unhinged. You shouldn’t feel bad for putting her on ignore, you’re a better man than me.

 

[Double Burger With Cheese]

What was the thread?

This not the thread but it sums it up a little

Biden’s “$600” Proposal...The Truth