The IRS dropped in on Ed and Martha Collins of East Aurora, NY. The IRS demanded every single receipt on their 1993 return. Even though the Collinses had every single receipt to corroborate that 1993 return, the IRS was not satisfied and demanded $540. And the reason they said was they had conducted an economic reality audit and the IRS determined that Collins Bed and Breakfast spent too much money on food, laundry, and cleaning services for their guests. Unbelievable. Tell me, Mr. Speaker, what did the IRS expect? Weiners and beans? Paper towels? Porta potties? Beam me up. What is next. Will the IRS determine what the toilet tissue needs are of the American family? No wonder the American people are taxed off. Taxed off to the limit. Congress should do something about the IRS.
James Traficant: “The IRS dropped in on Ed and Martha Collins of East Aurora, NY. The IRS demanded every single receipt on their 1993…”
Editor's note · Context
Discussing IRS audits and their impact on small business owners.
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