Started By
Message

Hypothetical Tax Evasion Scenarios

Posted on 1/3/16 at 3:45 pm
Posted by TSLG
Member since Mar 2014
6724 posts
Posted on 1/3/16 at 3:45 pm
I cannot find many hypothetical tax evasion stories on the interweb. Can anyone think about sly ways to lower business income?

Hypothetical ways to turn business income into greenbacks?

Gift Card tricks?

Ex:
Buy expensive equipment at office depot. Take it back for store credit. Starbucks gift card is now a business deduction.



Posted by HempHead
Big Sky Country
Member since Mar 2011
55446 posts
Posted on 1/3/16 at 3:46 pm to
Owning a cash-only restaurant.

There is a little burger place in my hometown that ONLY accepts cash.

You could underreport, launder illegal funds, all kinds of stuff. No one can prove or disprove a transaction.
This post was edited on 1/3/16 at 3:52 pm
Posted by CFDoc
Member since Jan 2013
2094 posts
Posted on 1/3/16 at 3:46 pm to
Posted by MrSpock
Member since Sep 2015
4342 posts
Posted on 1/3/16 at 3:48 pm to
Try this website:

Tax Evasion Strategies
Posted by NewIberiaHaircut
Lafayette
Member since May 2013
11551 posts
Posted on 1/3/16 at 3:50 pm to
Open a nail salon.
Posted by TheAlmightySmash
New Orleans
Member since Jun 2014
5479 posts
Posted on 1/3/16 at 3:50 pm to
quote:

Hypothetical Tax Evasion Scenarios


claim someone else's kids as your own
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
65628 posts
Posted on 1/3/16 at 3:51 pm to
If it's that big a deal for you, move to Greece.

It's a high art form there.

Posted by Finch
Member since Jun 2015
3152 posts
Posted on 1/3/16 at 3:52 pm to
Google some of the transcripts of federal tax evasion cases. They tend to get pretty descriptive when they are about to throw you in the slammer
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134860 posts
Posted on 1/3/16 at 3:52 pm to
Start a 4th St, 7th day Adventist, holy Lord of the cross, light of the way Baptist church.
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134860 posts
Posted on 1/3/16 at 3:53 pm to
quote:

If it's that big a deal for you, move to Greece. It's a high art form there.

Until google Earth was invented
Posted by PokerThere
Uranus
Member since Apr 2014
166 posts
Posted on 1/3/16 at 3:56 pm to
Open a bar.... Charge a cash cover charge.
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
65628 posts
Posted on 1/3/16 at 4:11 pm to
quote:

Until Google Earth was invented
Check out the historical rate of compliance with the municipal tax on Swimming pools in the City of Athens (Greece, not GA).
Posted by southernelite
Dallas
Member since Sep 2009
53177 posts
Posted on 1/3/16 at 4:12 pm to
unless you're trying to evade taxes on a frick-ton of money, then any effort you put into it is probably not worth it to save a few dollars.
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134860 posts
Posted on 1/3/16 at 4:13 pm to
That's what I was referring too. shite was hilarious.
Posted by TSLG
Member since Mar 2014
6724 posts
Posted on 1/3/16 at 4:23 pm to
$2000 computer exchanged for Starbucks gift cards is $500 worth of free Starbucks.

It would add up if y'all had better ideas!
Posted by yankeeundercover
Buffalo, NY
Member since Jan 2010
36373 posts
Posted on 1/3/16 at 4:29 pm to
Wait... so let me confirm that you're looking for us to feed you ways on how to cheat your taxes?

...Bookmarking and sending to the IRS...

edit: proofing:
quote:

TSLG
New Orleans Saints Fan
Member since Mar 2014
658 posts
Online

Hypothetical Tax Evasion Scenarios(Posted on 1/3/16 at 3:45 pm)

I cannot find many hypothetical tax evasion stories on the interweb. Can anyone think about sly ways to lower business income?

Hypothetical ways to turn business income into greenbacks?

Gift Card tricks?

Ex:
Buy expensive equipment at office depot. Take it back for store credit. Starbucks gift card is now a business deduction.


Posted by TSLG
Member since Mar 2014
6724 posts
Posted on 1/3/16 at 4:31 pm to
quote:

Wait... so let me confirm that you're looking for us to feed you ways on how to cheat your taxes?

...Bookmarking and sending to the IRS...

edit: proofing:
quote:
TSLG
New Orleans Saints Fan
Member since Mar 2014
658 posts
Online

Hypothetical Tax Evasion Scenarios(Posted on 1/3/16 at 3:45 pm)

I cannot find many hypothetical tax evasion stories on the interweb. Can anyone think about sly ways to lower business income?

Hypothetical ways to turn business income into greenbacks?

Gift Card tricks?

Ex:
Buy expensive equipment at office depot. Take it back for store credit. Starbucks gift card is now a business deduction.


Double proof that you're a douche.

Plus, I said hypothetical, how arse.
Posted by TSLG
Member since Mar 2014
6724 posts
Posted on 1/3/16 at 4:34 pm to
quote:

Wait... so let me confirm that


BTW...I wasn't gonna tell them about the fiver that a gave your wife for the handy until now.
Posted by VetteGuy
Member since Feb 2008
28164 posts
Posted on 1/3/16 at 4:34 pm to
Go post in the Entitlement thread. You'd fit right in.
Posted by fr33manator
Baton Rouge
Member since Oct 2010
124112 posts
Posted on 1/3/16 at 4:38 pm to
quote:

about the fiver that a gave your wife for the handy until now.



The joke's on you.


It wasn't his wife.
first pageprev pagePage 1 of 3Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram