Quote:
Originally Posted by Forum Cuck
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Not jail, audits
they go through everything and make you sit there and watch , then pay taxes on it
Jail is only for tax evaders
I pay my taxes and report everything , my books are gorgeous and clean. The thought of a time consuming audit makes me sick.
Easiest way to get audited is to trade stocks and mess up reporting your income
or make some bitcoin trades and not report it
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You'd be surprised how often they want a look at the books and you can tell them no because you are traveling.
I knew a business magnate who was literally always on an aircraft with the books. The IRS would call and he would talk to them on the airplane on more than one occasion.
They said they needed to see his books. He said great.
They said what office are the books at?
He said I have all the books right here in my briefcase, what do you need to see?
IRS: ??? Well ah, we need them. Where can we retrieve them?
He said What's them? I carry all my records on my person
IRS: ??? Ahhhh so they are not at the office address listed here...
I carry all my books for 20 years now as the principal of the company, just tell me what you need and I'll try to get you it as fast as I can when I'm back in that part of the country
IRS: ???
Stumped em. They couldn't specifically say what they needed, or what the line of questioning was, and he had a reason to not be able to comply with physical access to the books, so they hit a complete dead end.
The field office that handles your business address is the IRS field office that will try to contact you regarding an audit. If you are incorporated in multiple states and travel often, the field office has no idea what to do about that. They ask for access to the office to retrieve the books in your absence but when you tell them the books are with you personally, they get stuck.
There's many tricks and layers to tax avoidance. Tax evasion on the other hand, is illegal and you will be subpoena'd and end up in prison.