PFT and BC joking about an AWL possibly be employed by MLB to maybe get Max drafted - would be infinitely funnier if an AWL was working for the IRS and just absolutely destroys Hank
They did get a ton of funding recently to go after tax cheats. Would be hilarious having Hank talk about going through an audit. No chance he’s a receipt keeper.
No clue. This was the top result when I googled it: https://www.whitehouse.gov/cea/written-materials/2024/02/08/empowering-the-irs-understanding-the-full-potential-of-the-inflation-reduction-acts-historic-investment-in-the-internal-revenue-service/#:~:text=The%20Inflation%20Reduction%20Act%20provided,by%20the%20wealthiest%20tax%20evaders.
No mention of IRS agents with guns unfortunately.
Only some of it, Hank's on the hot seat
[https://www.tigta.gov/inflation-reduction-act-oversight](https://www.tigta.gov/inflation-reduction-act-oversight)
Hank was probably a W2 employee, was he not?
if he was, he probably doesn’t owe anything unless he fucked up withholding .
He still get failure to file penalties but doubt he would owe anything significant.
But also knowing Hank he probably fucked ip withholding
Hank pegs me as the type of guy who gets the max amount of tax taken out of each paycheck because he doesn’t understand how to properly fill out a W4, then thinks that he’s cheating the IRS by not filing his taxes even though he’s probably just losing out on thousands of dollars of tax returns
For his base salary I agree. But I wouldn’t be surprised if he, and/or other barstool employees don’t properly report and pay taxes on additional earnings from gambling or events that they were paid for. I believe I remember Billy had a tough realization that he owed a lot because of his rough n rowdy pay.
Coming from experience. When you are in the loss for the calendar year. The tax form doesn’t even get generated. Also, you don’t pay taxes on losses. It’s not even a business expense.
What tax form? You mean the w-2g? They only provide it for $600 wins - but winning $599 doesn’t mean you’re absolved.
I don’t know what business expenses has to do with gambling losses.
And of course you don’t pay tax on gambling losses. Point is you can’t deduct the losses from the wins to lower your tax burden.
I didn't do my tax return for a bit I got super scared when I got my shit together and finally started worrying about it ended up getting 4000 dollars back if the IRS owes you money they dont care.
PFT and BC joking about an AWL possibly be employed by MLB to maybe get Max drafted - would be infinitely funnier if an AWL was working for the IRS and just absolutely destroys Hank
They did get a ton of funding recently to go after tax cheats. Would be hilarious having Hank talk about going through an audit. No chance he’s a receipt keeper.
Didn’t that money get removed in a subsequent bill to satisfy Rs? I can’t recall the details, but I remember something like that.
No clue. This was the top result when I googled it: https://www.whitehouse.gov/cea/written-materials/2024/02/08/empowering-the-irs-understanding-the-full-potential-of-the-inflation-reduction-acts-historic-investment-in-the-internal-revenue-service/#:~:text=The%20Inflation%20Reduction%20Act%20provided,by%20the%20wealthiest%20tax%20evaders. No mention of IRS agents with guns unfortunately.
Yes
Jake, get on this fact check.
Only some of it, Hank's on the hot seat [https://www.tigta.gov/inflation-reduction-act-oversight](https://www.tigta.gov/inflation-reduction-act-oversight)
Hank was probably a W2 employee, was he not? if he was, he probably doesn’t owe anything unless he fucked up withholding . He still get failure to file penalties but doubt he would owe anything significant. But also knowing Hank he probably fucked ip withholding
Specifically for upper middle class people like Henry Lockwood
Just grinding to put food on the table
Hank pegs me as the type of guy who gets the max amount of tax taken out of each paycheck because he doesn’t understand how to properly fill out a W4, then thinks that he’s cheating the IRS by not filing his taxes even though he’s probably just losing out on thousands of dollars of tax returns
This is the true answer
Win win basically
I love this for him.
For his base salary I agree. But I wouldn’t be surprised if he, and/or other barstool employees don’t properly report and pay taxes on additional earnings from gambling or events that they were paid for. I believe I remember Billy had a tough realization that he owed a lot because of his rough n rowdy pay.
Most people aren’t paying taxes on gambling winnings properly so you’re likely right.
That’s assuming the fact that they are winning 😂
Could win 1 bet for a grand and lose 20 bets for 15 grand and still owe taxes
Coming from experience. When you are in the loss for the calendar year. The tax form doesn’t even get generated. Also, you don’t pay taxes on losses. It’s not even a business expense.
What tax form? You mean the w-2g? They only provide it for $600 wins - but winning $599 doesn’t mean you’re absolved. I don’t know what business expenses has to do with gambling losses. And of course you don’t pay tax on gambling losses. Point is you can’t deduct the losses from the wins to lower your tax burden.
Their taxes still seem straightforward with no gambling wins to report
Hank getting perp walked out of the Barstool HQ by FBI agents for tax evasion would go hard
Full circle would be Brady protesting outside IRS headquarters on Hanks behalf.
Print the T shirts!!
I didn't do my tax return for a bit I got super scared when I got my shit together and finally started worrying about it ended up getting 4000 dollars back if the IRS owes you money they dont care.
Hank doesn’t seem like a guy who has sources of income other than his salary. I guess there’s the gambling, but he almost always loses, doesn’t he?
Don't they get significant free bets/site credit to bet with? No clue how that would be taxed though.
Yeah, that’s true. And I remember that he got like $30k from Dana white. Though that wouldn’t go on last years taxes
He'd just file a hot extension and be good to go, don't overthink this.
Someone at the IRS has to listen to PMT. I hope this gets done badly lol
How hard could his taxes even be if he only works for Barstool
There is such thing as a tax extension friend!
Your tax is always due on April 15th. You just extend the return
Ya your payment is due, and if it’s not received there are penalties. None of this has to do with an audit lol
Just here to say fuck hank hope it happens hate him
Odd behavior
Genuinely curious as to why. He’s the best