Now we see the Revenue Service attempting to recoup taxes on looted merchandise. Too funny.
@fatman76; @kjfreeze; @instaGATOR, @gatordad3; @FresnoGatorNow we see the Revenue Service attempting to recoup taxes on looted merchandise. Too funny.
What if the merch was on sale when stolen?
There is a lot to consider before making a claim. All of the Cali looters are scrambling around trying to see if they can get more returns off of stolen property this year.What if the merch was on sale when stolen?
Well, if they sell the stolen items, then deposit the $ in their bank accounts, the Biden IRS will catch them, assuming the value is over $600.Now we see the Revenue Service attempting to recoup taxes on looted merchandise. Too funny.
And don't forget the sales tax. Never forget the sales tax. 🤣 I remember a guy I knew who was an accountant for a furniture company. He told me about the state sales tax auditor would rummage in the dumpsters out back to confirm obsolete inventory that was written off and thrown away. 🤣What if the merch was on sale when stolen?
You are making this too difficult for the looters to tabulate, Sir.If it is used property is it taxable?
Now now, you can't say looters. That is racist. Besides, they probably really really really need the items they are freeing from the oppression of the store.You are making this too difficult for the looters to tabulate, Sir.
Yes...those 70 inch TVs are vital basic need items.Now now, you can't say looters. That is racist. Besides, they probably really really really need the items they are freeing from the oppression of the store.