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#1
January 7th 08, 06:19 PM
posted to rec.radio.shortwave
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Yea Eadurdo, radio is a growth-industry and crappy HD radios willsave it!
David Eduardo wrote: "Steve" wrote in message ... Yes, but this doesn't imply that those with brokerage accounts necessarily tell the truth 100% of the time. Even if you're only trying to throw up a smoke screen here, you'll have to be more subtle than this. Investment accounts are subject to 1099 reporting. Any brokerage account 1099 will show distribution of dividends, long and short term capital gains and any other taxable transaction, with the data being transmitted to the IRS electronically. I even have an account that I closed but which ended up with about $30 left sine some kind of dividend was in processing when I closed the account and I get an annual 1099 for a couple of cents of dividends and occasional capital gains of a dollar or two. I have to put that on my tax return, too. I can't see how anyone could hide income or capital gains from a brokerage account since the IRS gets all the data automatically on every such account. The IRS computers can instantly note a mis-match of income reported at the source and income declared on a return. Heck, even the interest on checking and savings accounts gets reported to the IRS. Heck, even faux Hispanics get reported to the IRS. |
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