IRS delays $600 reporting requirement

[markinnaples]

Most large corporations aren't able to lie on their taxes due to the high level of audits and examinations by outside auditors, the SEC, and whoever their federal regulators are. I think if they're paying low or no taxes, it's because they did whatever they had to within the confines of the tax laws, not cheating or lying. And when I say large, I mean large enough to be listed on one of the stock exchanges. This especially applies to large banks who actually usually have an examiner on-site full time, and honestly, most of the time they are under review by one of the above. Imagine that, 50-52 weeks of being under audit or review, but that's how it works.