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Message
Is it possible to go your whole life without paying taxes while having a checking account?
Posted on 5/9/17 at 3:48 pm
Posted on 5/9/17 at 3:48 pm
i understand if someone was all cash and had zero credit cards, checking account, etc
I am talking about the guy that has a checking account at the very least. Who deposits money into his account periodically and also make purchases on it.
How long before the government finds out and comes down on you? Surely at the very least, they could audit the checking account correct?
I am talking about the guy that has a checking account at the very least. Who deposits money into his account periodically and also make purchases on it.
How long before the government finds out and comes down on you? Surely at the very least, they could audit the checking account correct?
This post was edited on 5/9/17 at 3:49 pm
19
Posted on 5/9/17 at 3:48 pm to LSUvegasbombed
Yea. I imagine kids have done it
This post was edited on 5/9/17 at 3:49 pm
Posted on 5/9/17 at 3:49 pm to theunknownknight
what about when currency becomes a thing of the past. I think we are heading in the direction at some point.
This post was edited on 5/9/17 at 3:50 pm
Posted on 5/9/17 at 3:50 pm to LSUvegasbombed
Do people that have checking accounts and get back more on their return than they paid in taxes b/c the system is broken count?
Posted on 5/9/17 at 3:51 pm to LSUvegasbombed
Checking acct is cash, baw.
Posted on 5/9/17 at 3:51 pm to LSUvegasbombed
Great grandparents dealt only in cash. Didn't believe in bank accounts because they lived through the depression. After they passed away dollar bills were found all over the house in random spots.
If you were able to work for yourself in all cash you could in theory do it without paying taxes. Sooner or later someone will catch on though.
If you were able to work for yourself in all cash you could in theory do it without paying taxes. Sooner or later someone will catch on though.
This post was edited on 5/9/17 at 4:20 pm
Posted on 5/9/17 at 3:53 pm to LSUvegasbombed
Posted on 5/9/17 at 3:53 pm to NYNolaguy1
you are straight lucky if you are able to go your whole life under the radar especially with an active checking account.
Posted on 5/9/17 at 3:55 pm to LSUvegasbombed
yes. the government is pretty incompetent. As long as no one is sending information to the irs you could get away with it
Posted on 5/9/17 at 3:57 pm to LSUvegasbombed
I know people who do business in cash (legally) and have checking accounts and don't pay taxes. I'll keep you posted.
Posted on 5/9/17 at 3:59 pm to LSUvegasbombed
Stick with the mason jars buried in the backyard.
Posted on 5/9/17 at 4:01 pm to NYNolaguy1
quote:
If you were able to work for yourself in all cash you could in theory do it without paying taxes. Sooner or later someone will catch on though
Nope. The IRS has access to your checking account and if you set up a legit business you have to have an EIN. If you went straight cash under the table I guess you technically could, so if you were a drug dealer that never got arrested then maybe.
Posted on 5/9/17 at 4:06 pm to LSUvegasbombed
Are you part of the Obama Administration going after the other side.
Posted on 5/9/17 at 4:07 pm to LSUvegasbombed
It's all just Spam
Posted on 5/9/17 at 4:11 pm to Mingo Was His NameO
quote:
If you went straight cash under the table I guess you technically could, so if you were a drug dealer that never got arrested then maybe.
Was what I was thinking when I typed that....
Posted on 5/9/17 at 4:16 pm to NYNolaguy1
quote:
Great grandparents deal only in cash. Didn't believe in bank accounts because they lived through the depression.
I can't imagine my grandfather trusting an ATM or online banking. And he sat on the board of his town's bank.
Posted on 5/9/17 at 4:35 pm to LSUvegasbombed
quote:Where is the money, that gets depositied, coming from.
I am talking about the guy that has a checking account at the very least. Who deposits money into his account periodically and also make purchases on it.
Posted on 5/9/17 at 4:39 pm to Topwater Trout
quote:Absolutely
the government is pretty incompetent.
Posted on 5/9/17 at 4:40 pm to Mingo Was His NameO
quote:
if you set up a legit business you have to have an EIN
Not as a sole proprietorship.
Posted on 5/9/17 at 4:40 pm to Geauxtiga
quote:
Where is the money, that gets depositied, coming from.
If someone gives you a check you can cash it at the bank that carries the account. They'll just give you an envelope and cash for how ever much the check is for.
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