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twitterLetter: IRS should look into driver kickbacks
Thursday, Dec. 22, 2005 | 7:48 a.m.
All of the publicity about kickbacks, and taxi drivers claiming that half of their income comes from this, should wake up the IRS officials to check all limo and taxi drivers' returns to see if they reported these undercover incomes.
There is no statute of limitations on falsified returns, so this could make a substantial dent in the deficit.
One could also construe that these funds, secretly given, could constitute money laundering and should not be allowed as a business deduction.
The law should apply to all sources of travel for hire, and each business paying such should be required to document each payoff and report such to the state and the IRS on a quarterly basis.
Paul Vogler
Las Vegas
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