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re: Hypothetical Tax Evasion Scenarios

Posted on 1/3/16 at 4:45 pm to
Posted by Red Stick Tigress
Tiger Stadium
Member since Nov 2005
20137 posts
Posted on 1/3/16 at 4:45 pm to
quote:

It wasn't his wife.


Female impersonator?
Posted by sullivanct19a
Florida
Member since Oct 2015
5239 posts
Posted on 1/3/16 at 4:46 pm to
audit on the way
Posted by fr33manator
Baton Rouge
Member since Oct 2010
133252 posts
Posted on 1/3/16 at 4:47 pm to
I think they prefer Ladyboy.
Posted by TSLG
Member since Mar 2014
6724 posts
Posted on 1/3/16 at 4:55 pm to
quote:

The joke's on you.


It wasn't his wife.


Well, that thing he fricks certainly has soft hands.

Eta: will I need to 1099 he/she?
This post was edited on 1/3/16 at 4:56 pm
Posted by euquol
New Orleans
Member since Jan 2012
2736 posts
Posted on 1/3/16 at 5:02 pm to
Legally? Make yourself a closely held S-corporation and pay yourslf dividends instead of a salary.
Posted by yankeeundercover
Buffalo, NY
Member since Jan 2010
36419 posts
Posted on 1/3/16 at 5:23 pm to
quote:

TSLG
Wow... so you're pretty upset about the prospect of me taking my time to make the government aware of your "hypothetical", huh...

Posted by TSLG
Member since Mar 2014
6724 posts
Posted on 1/3/16 at 5:42 pm to
quote:

Wow... so you're pretty upset about the prospect of me taking my time to make the government aware of your "hypothetical", huh... 


frick no...i dont pay taxes.
Posted by TSLG
Member since Mar 2014
6724 posts
Posted on 1/3/16 at 5:45 pm to
But, i would be upset about the irs classifying your ole lady's handy service business as an employee. Id hate for it to cost me like $7 a handy.

Dat way too much.
Posted by TIGER2
Mandeville.La
Member since Jan 2006
10508 posts
Posted on 1/3/16 at 5:46 pm to
Years ago a guy with a coin opt. Laundromat would take hundreds of dollars of change to his church every week as a donation, but in reality he was just trading his change for paper money with the help of his wife that was in charge of deposits at the church. The fraudulent donations to his church was a secondary finding to an IRS audit. The IRS used a formula tied directly to the water bill that proved the owner was under reporting income. Each machine used X amount of water per use and his water consumption was much higher than the income he was reporting. I'am sure the case was more complicated than this, but my point is they have lots of tools and smart people to find fraud.
This post was edited on 1/3/16 at 5:49 pm
Posted by ATL-TIGER-732
ATL
Member since Jun 2013
2291 posts
Posted on 1/3/16 at 5:50 pm to
quote:

so you're pretty upset about the prospect of me taking my time to make the government aware of your "hypothetical", huh...

He was asking for a "friend". Now you have the IRS checking him out!
Posted by sullivanct19a
Florida
Member since Oct 2015
5239 posts
Posted on 1/3/16 at 5:54 pm to
quote:

TSLG


Maybe if your wife stopped holding back on the cash money she gets for hookin, you'd have money in the house.
Posted by Gr8t8s
Member since Oct 2009
2585 posts
Posted on 1/3/16 at 5:55 pm to
I have a mostly-cash business. I get 1099's that probably cover 75% of income. I could under-report the 25% if I wanted, but I don't want to screw with the IRS. I don't claim all of the business deductions that I could (like an idiot) as well.

The way I figure, if I ever do get audited and there's a discrepancy, maybe the lack of deductions will make up for it
Posted by southernelite
Houston, TX
Member since Sep 2009
53561 posts
Posted on 1/3/16 at 5:58 pm to
The IRS is a lot more aggressive than they used to be. They will freeze your assets and they will sell your assets including your house to settle your tax bill. It's not soemthing to frick around with.
Posted by TSLG
Member since Mar 2014
6724 posts
Posted on 1/3/16 at 5:58 pm to
Dude, you havent seen my wife. Im still surprised that she can bring in the $200 per month that she's getting.
Posted by TigerstuckinMS
Member since Nov 2005
33687 posts
Posted on 1/3/16 at 5:58 pm to
Saul Goodman suggests opening a nail salon.

EDIT: God damn you, NewIberiaHaircut. You look stupid, too.
This post was edited on 1/3/16 at 6:00 pm
Posted by Dark Helmet
Spaceballs One
Member since Sep 2007
413 posts
Posted on 1/3/16 at 6:07 pm to
I would have to say first give money to Hillary Clinton's campaign. Second contact Rev Al Sharpton and Jesse Jackson, they can get away with not paying taxes.
Posted by TSLG
Member since Mar 2014
6724 posts
Posted on 1/3/16 at 6:12 pm to
quote:

a nail salon.


Im looking into this now. I sent yankee's wife a text to work up some numbers.

I figure if we charge $20 per manicure, with a $7 addon handy, we can make bank. She can even give 2 handies at a time; ive seen it. So, if we can average 7 manicures and 3 handies an hour, we'll be grossing $161 per hour!!! Double that if shell let em piihb.

20 hr days = $3,220 per day!!!!

If i trade that for stamps, i could get $6440 in food.

I bet i could get all the neighborhood kids to sign something saying they picked up stuff for $599 a year too.

Ok...i think im ready to take this to the money board.

Posted by TigerstuckinMS
Member since Nov 2005
33687 posts
Posted on 1/3/16 at 6:17 pm to
quote:

She can even give 2 handies at a time; ive seen it.


It should be 4 at a time if she weren't a rank amateur. You've got to force her to use optimal tip-to-tip efficiency. You pair that with properly matching up dick-to-floor ratios, and she can start hotswapping new guys in between strokes and really start boosting that cash flow.
This post was edited on 1/3/16 at 6:18 pm
Posted by TSLG
Member since Mar 2014
6724 posts
Posted on 1/3/16 at 6:17 pm to
GOOD NEWS!!!!

Mrs. Yankee is down! I also got an email grom somebody named HammerTime. He said he wanted in too. That's 4 handies at a time.

No worries, i checked his hands. Smooth as a baby's bottom. He'll be a nice addition.

BRING ON THE STARBUCKS GIFT CARDS.
Posted by torrey225
Member since Mar 2015
1437 posts
Posted on 1/3/16 at 11:26 pm to
Stop being cheap.
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