So when gambling and winning, you can claim you lost most if not all back in same day with no verification???

• The IRS was created in 1862 to fund the Civil War • Over 90% of tax returns are filed electronically now • An IRS audit is rare — your chance is less than 1% • The IRS once used horse-drawn wagons to collect taxes • Mistakes, not fraud, are the #1 reason people hear from the IRS Taxes sound boring… until you realize they’ve been around longer than income tax itself 😄

Ok so I've recently learned that you pay your kids that are under the age of 21 to work for you with no payroll taxes. So if I have a 10 year old who makes social media reels for me and does mild lawn maintenance I can pay him an average of 15$ per hour. No payroll taxes. So my next step is do i give him cash to buy his Robux or put this in a high yield savings account? In either case, do i have to report this income on his behalf?

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