The Yellow Rose of Victoria, Texas
True & Honest Fan
Unless you have scrupulously dotted your i's and crossed your t's, being audited will result in the IRS separating you from a chunk of your money. Depending on far back these e-thots were earning undeclared income, the IRS will also want to collect interest on the unpaid taxes.I forget, did anything actually come of that? I heard that some people actually did get audited(?) but I never followed up to see if anyone actually had to pay back-taxes or face penalties. The IRS has been overstretched for years, so it would not surprise me if they didn't pursue anything.