IRS monitoring $600 accounts likely to snare small businesses, under-the-table workers
KEPR TV cites Senior Attorney Robert Carter on the proposal for the IRS to monitor accounts over $600:
The administration has assured the public that the program would be used to recover unpaid taxes from the highest income earners and businesses. Individuals earning less than $400,000 per year, would not face increased tax scrutiny or increased audits, officials claimed.
“I simply don’t understand how those two statements can correlate,” said Robert Carter, a senior attorney at the Competitive Enterprise Institute and former tax attorney.