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Started By
Message
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Posted on 6/9/21 at 10:04 am
Posted on 6/9/21 at 10:04 am
.
This post was edited on 11/10/21 at 11:19 am
2
Posted on 6/9/21 at 10:14 am to X123F45
Not really. It’s a simple formula: how much money you have coming in officially, and how much money going out to service it. Gotta either report more or pay off debts via snowball method. Remember, it’s the monthly payments that matter, not sum of the balances.
Be advised at this late in the game, sudden cash emerging might cause questions you will be asked to address.
Alternatively in the long term, invest in income bearing assets (REITS, CEFs, etc) and report that as income.
Be advised at this late in the game, sudden cash emerging might cause questions you will be asked to address.
Alternatively in the long term, invest in income bearing assets (REITS, CEFs, etc) and report that as income.
This post was edited on 6/9/21 at 10:16 am
Posted on 6/9/21 at 10:33 am to X123F45
Why are you so fricking weird?
Posted on 6/9/21 at 10:38 am to Mingo Was His NameO
my general response as a banker - if you don't show it, we can't count it. There are disadvantages to having an aggressive tax strategy.
Posted on 6/9/21 at 10:45 am to Im4datigers
quote:
aggressive tax strategy.
That's a fancy way of saying tax fraud
Posted on 6/9/21 at 10:47 am to Volvagia
Yeah... I only keep one installment account for auto or toys for exactly 25 months, the land loan, and one student loan. Credit cards are cycled with zero balances.
Everything else is done in cash.
Everything else is done in cash.
Posted on 6/9/21 at 11:23 am to X123F45
quote:
That's a fancy way of saying tax fraud
well yes, but I was trying to be nice and all!
Posted on 6/9/21 at 12:15 pm to Im4datigers
Hey now
It's more from living in some third world areas of SE asia or even louisiana post katrina where having liquidity for a time was very important.
It's more from living in some third world areas of SE asia or even louisiana post katrina where having liquidity for a time was very important.
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