Taxes suck !

[Tomatoking]

infectous not to be a dick but you have expenses , there are many businesses that have no expenses and you have to pay lots of taxes

i have more then 1 accountant ( and 3 lawyers ) one is a tax professional

it appears you work for home depot when people buy flooring you are sub contracting , great way to not hunt for business im sure they keep you super happy and as long as you do good youll always have work, im a big fan of home depot.

the bottom line is that taxes suck

they suck huge

[Infectious]

Please name a business where you dont have expenses please?

[Sektor]

Originally Posted by Atennu [You must be logged in to view images. Log in or Register.]

Retti counting how many unemployment weeks it'll take to get 45 grand as this thread blooms

lmao

[Loli Pops]

launder your money instead

[heartbrand]

Originally Posted by Infectious [You must be logged in to view images. Log in or Register.]

No they supply the materials(carpet, tile, vinyl sheet goods) I supply the rest of the tools, vehicle, clothing and supplies to install product. Thats why I say fuck all that lawyer shit about this and that. And what the law is. Get yourself an accountant and they will break the law for you. I have been in business since 2002 and audited twice. And nothing happened. Just dont write off shit you dont have statements or reciepts for. Other then that I write off clothes, lunch and everything. Accountants know with an income of say $200k you are allowed 2k for clothes, 1k for lunch and so on. If you claim $20k on clothes you will be audited. If you stay within your guidelines (accountants problem) you will be fine. You think the irs combs thru your reciepts to see if the shirts are white?

This might come as a shock to you but the U.S. Tax System is Voluntary. It is enforced through the audit process pal. How are returns selected for audit? Most of them randomly using a score that looks for certain "red flags." The highest % of audited returns come from Schedule C filers, because the IRS knows these have the highest level of fraudulent information. You're right, the IRS doesn't know if your clothes are proper business expenses or not unless they select your return for audit. You don't need a top accountant to take a bunch of inaccurate expenses on your Schedule C. Just guesstimate and exaggerate a bunch of stuff and voila, you've done it, congrats on your CPA. However, if you are audited, you will be fucked. That's the risk you run, sure, the math is on your side, you probably won't be audited, but if you are you will end up owing penalties / interest / and a lot of back tax, and then likely end up being audited on other years as well. For me, the risk isn't worth it. There's a difference between tax evasion which is illegal and tax avoidance which is legal. Claiming a meal was a business meal by mentioning the name of your business and then continuing on enjoying yourself is likely tax avoidance and legal. Taking expenses for things that aren't deductible such as a suit, or claiming non-existent expenses is tax evasion, and you WILL get caught in the long run. They will ask for all of your credit card statements, bank statements, statements on all of your property, invoices, etc., etc. I make my living off people who think they won't get caught by the IRS, keep playing with fire.

edit: readers digest, the IRS selects returns to audit and THEN combs through your receipts, not the other way around.

[Rettii]

tldr; doesnt have enter key.

[visage]

Originally Posted by heartbrand [You must be logged in to view images. Log in or Register.]

This might come as a shock to you but the U.S. Tax System is Voluntary. It is enforced through the audit process pal. How are returns selected for audit? Most of them randomly using a score that looks for certain "red flags." The highest % of audited returns come from Schedule C filers, because the IRS knows these have the highest level of fraudulent information. You're right, the IRS doesn't know if your clothes are proper business expenses or not unless they select your return for audit. You don't need a top accountant to take a bunch of inaccurate expenses on your Schedule C. Just guesstimate and exaggerate a bunch of stuff and voila, you've done it, congrats on your CPA. However, if you are audited, you will be fucked. That's the risk you run, sure, the math is on your side, you probably won't be audited, but if you are you will end up owing penalties / interest / and a lot of back tax, and then likely end up being audited on other years as well. For me, the risk isn't worth it. There's a difference between tax evasion which is illegal and tax avoidance which is legal. Claiming a meal was a business meal by mentioning the name of your business and then continuing on enjoying yourself is likely tax avoidance and legal. Taking expenses for things that aren't deductible such as a suit, or claiming non-existent expenses is tax evasion, and you WILL get caught in the long run. They will ask for all of your credit card statements, bank statements, statements on all of your property, invoices, etc., etc. I make my living off people who think they won't get caught by the IRS, keep playing with fire.

edit: readers digest, the IRS selects returns to audit and THEN combs through your receipts, not the other way around.

There is always a chance to get fucked in life. He probably has greater odds at getting in a car crash and dying than getting fucked by this slim chance of the IRS. Look up statistics on car crashes. Compare ratio to ratio on what he is doing. Life always has risk. I guess compare penaltys with how many times he has done this with his filing. Per say... he does this for 20 years. Finally gets caught , substatial evidence claims only 3 of the 20 years. Factor in how much he made off of cheating minus the penalties... Well I think you get the picture mate ~!

[Loli Pops]

There is always a chance to get fucked in life. He probably has greater odds at getting in a gang bang and sucking dick than getting fucked by this slim chance of the IRS. Look up statistics on gay porn. Compare ratio to ratio on what he is doing. Life always has risk. I guess compare penaltys with how many times he has done this with men. Per say... he does this for 20 years. Finally gets caught , substatial evidence claims only 3 of the 20 years. Factor in how much guys he sucked off minus the penalties... Well I think you get the picture mate ~!

[mendan]

rettiwalk with zero intellectual advice to add, comes on the forums to shit them up.

why are you so mad kid??

[Tomatoking]

Moral of this thread " You can fudge a little "

But pay your fucking taxes

being fucked by the irs and dragged to court isnt worth it