IRS Asks Court to Release Property Tax Records to Catch Gift Tax Nonfilers

[anteater]

What is the name of your state (only U.S. law)? N/A

Uh oh! There really are "gift tax police!"

http://www.bnasoftware.com/News/Tax_News/Articles/IRS_Asks_Court_to_Release_Property_Tax_Records_to_Catch_Gift_Tax_Nonfilers.asp

 

[FlyingRon]

This is the IRS picking a large easy to get target that gives them exactly the thing they want. It's much easier than attempting to mine the county-by-county land use records that are in disparate formats over the rest of the country. Gifts and other non-market value transfers are in fact coded in our county, and that info seems to be public record so it's quite possible that they got that already for our million or so population compared to the 37 million in Calfiornia they're getting in one swell foop.

 

[antrc170]

What is the name of your state (only U.S. law)? N/A

Uh oh! There really are "gift tax police!"

...and why shouldn't the IRS attempt to collect unreported taxes? Many people complain that vital services are being cut off at the federal and state levels, yet attempt in numerous ways to short change on their taxes. If you don't like the gift tax, then you need to change your legislature first.

 

[anteater]

...and why shouldn't the IRS attempt to collect unreported taxes? Many people complain that vital services are being cut off at the federal and state levels, yet attempt in numerous ways to short change on their taxes. If you don't like the gift tax, then you need to change your legislature first.

What gives you the impression that I don't like the gift tax?

 

[musicman654321]

Hi!

Based on information provided by the IRS examination teams, Bonaffini estimated that between 60 and 90 percent of taxpayers that transfer real property for little or no consideration to family members fail to report it.

From the article linked in OP 1st post ...

Sound like the IRS is fishing ... since almost everybody ignores it then the IRS should not enforce it ... there are many laws on the books that are not enforced.

But du goberment needs monies to gives to the less inpellegent

 

[davew128]

Sound like the IRS is fishing ... since almost everybody ignores it then the IRS should not enforce it ... there are many laws on the books that are not enforced.

Much like we should ignore your ignorant post.