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<p>[QUOTE=&quot;Strikeluster, post: 936847, member: 25821&quot;]Hello All,</p><p>&nbsp;</p><p>My longtime good friend at the IRS said it will apply to simple transactions, the IRS did not have anything to do with the drafting of the legislation &amp; they are not looking foward to enforcing the NEW reporting standards. I saw in an earlier post where it was mentioned that the IRS looks at your life style, (she read the thread) and she said they absolutely take a look at what cars you have, Umm nice boat there, you say you have an airplane, even your landscaping. Just to size up and compare to what your returns indicate. Getting my tax news right from the horses mouth,</p><p>&nbsp;</p><p>Steve[/QUOTE]</p><p><br /></p>

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