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My New York State audit is over, here are the results

Louis Rossmann · Youtube · 16 HN points · 0 HN comments
HN Theater has aggregated all Hacker News stories and comments that mention Louis Rossmann's video "My New York State audit is over, here are the results".
Youtube Summary
👉 Rossmann chat: https://tinyurl.com/rossmatrix

👉 Video references:
🔵 Audit announcement: https://www.youtube.com/watch?v=hBuOXGM1NH4
🔵 My policy: https://www.youtube.com/watch?v=Hp38luxt6bA
🔵 NY bureaucracy part 1: https://www.youtube.com/watch?v=965BLLWv8h8
🔵 NY meme bureuacracy part 2: https://youtu.be/yi8_9WGk3Ok?t=288

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00:00 Intro
00:28 Why I initially wasn't concerned about being audited
00:49 Why it makes no sense to cheat on taxes
00:58 I piss a lot of people off, makes no sense to cheat
01:44 New York bureaucracy concerns
01:57 Kafkaesque bureuacracy
02:25 Here's the people who have control over your life in NY
03:15 Summary of what I supposedly owed
04:14 This changed me for the worse
04:56 This is not absolvable through bankruptcy
05:10 Financial misconceptions
05:45 The conclusion
06:43 Why I didn't leave, and how this changed my mind
06:53 I wanted to keep my people
07:09 We are the best rated because of these people
07:38 I stayed through the rest of the crap. COVID, riots, etc.
08:48 If it's settled, why not stay?
11:33 0.11% error rate, with everything going on
13:01 It's going to get worse
13:38 Moving
14:27 Why I don't care if I lose business
16:39 Get out while you can
16:59 Vagueness
18:47 Sponsor
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Hacker News Stories and Comments

All the comments and stories posted to Hacker News that reference this video.
Nov 24, 2022 · 13 points, 4 comments · submitted by O__________O
luckylion
I can relate to the experience he describes.

It was never that bad in my case, but the local IRS-equivalent set up two special audits of my personal business within a few months of each other, both times finding that I did everything 100% correct and everything was perfectly in order (no surprise there, I'm paying a tax consultant to handle everything, and they're very conservative).

Still, each time it created a lot of stress because you're essentially in the hand of some random bureaucrat who can make your life hell if they choose to with no oversight and no recourse -- they can single you out for audits whenever they like, and as often as they like, you only get your day in court when they claim to have found something. I did the same thing Louis did: I moved to a different state. And it worked in that regard: not a single audit in the past few years, they're happy taking my money.

That stuff is demoralizing, especially when it's combined with open corruption and support for organized crime in the same institution that's going after you.

thinkmcfly
You make the IRS sound like the police or CPS
ghoward
Because they are.
thinkmcfly
Just do business elsewhere then? You don't have to do business that the IRS can audit.
tpmoney
All government power is derived from the ability of the government to legally use force against you, and then be its own arbitrator of the rules and its own investigator when you think they aren't following the rules. That all branches of the government which wield that power sound similar is something you would expect and is a fundamental reason why so much of the government power was divided up.
O__________O
If I understood him correctly, at first NY state claimed he failed to pay taxes on 51% of taxable transactions, own $45,000 - but were unable to explain why. Only after he spent a year and thousands paying accountants and attorneys did they change the percentage of transactions to 0.11%.
Nov 19, 2022 · 3 points, 0 comments · submitted by biggunz
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