Good morning, good morning! There we go, they make sure the technology is working. - And of course, if you're watching this recording, feel free to skip ahead about a minute or two to get to the content. Thank you very much. - When you hop on, let me know who you are, where you're from. - While you're getting on, I'm going to share this out in a few places and keep it moving. - Good morning, whoo! Right, let me share this out. Alright, almost there and get one more place, almost there. - Oh my gosh, that's hilarious. Okay, alright, okay, there we go. - Seems like my phone is going to sleep, but okay, so there we go. It has been shared out. - Good morning and welcome to the show. - My name is Lissandra Everett, I am the home biz tax lady. - I help home business owners win the tax game by helping you keep more of the money you make in your pocket and paying less to Uncle Sam. - Today, I want to talk about IRS penalties. - Alright, so here we go. Everybody was doing the happy dance when the current administration announced that they were cutting funding to the Internal Revenue Service. - Right, everybody's like "whoo!", the IRS doesn't have as much money so they're not going to be able to do as much work. - Well, that's not true and why? Because of automation. - Okay, so let me give you some statistics. In 2005, accuracy-related penalties assessed were 58,366. - In 2014, there were 554,467 accuracy-related penalties assessed. - And this information comes from the IRS data book. - So yeah, over nine years, the accuracy-related penalties have increased 950 percent. - You might think, "Okay,...
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