Thursday, March 22, 2012

Gone

 
Don't misunderstand my concern as approval of the "Mo Money Taxes" business model. As one who has always been out of the government loop. I had to earn all my money and never got all my taxes back. The success of their business was built on the backs of what appeared  to be gullible blacks. Lately they started adding whites to  the mix. I was secretly fuming inside at people getting these huge income tax checks every year. While I struggled just to keep from paying. They had found the poor people's spigot. There was just a little thing called dependents I didn't have. Unless of course I lied. This is where the fit hit the shan. The vast majority of  their clientele signed a return that did.

Your friendly Congressman Steve Cohen help set these poor guys and their customers up. The government closed them down after seventeen years, practically overnight. He was the main one requesting a congressional investigation. Which lead to the proposed audits. Which don't bode well for his constituents. Some of them won't get a tax check for a very long time. The probe can go back up to seven years. Unless they discover fraud.  It really depends on the situation. In most cases, the IRS has 3 years from the original due date of a return to audit that year. Unless of course there's fraud. In years where you under reported your income by more than 25%, they can go back 6 years from the original due date of the return. In years where you never filed a return at all, or if fraudulent activity is suspected, there is no limit on how far they can go back to audit such years. Markey Grandberry is one of the most hated men in America,and Osama Bin Laden is dead. Mo Money taxes has left the room; or maybe they haven't.

http://www.commercialappeal.com/news/2012/mar/25/mo-questions/

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