just wondering how people like charles glass who is 16 hours per day in the gym training clienTs-declare their earnings to the IRS+brad rowe training 10 clients a day each is 100$ and then he doesnt have the money for plane ticket to fly to russia to compete (shawn rhoden gave him the money)+pj braun making 1700$ a prep (with 220 clients) and then crying he is selling the car cause it will lose 10k value etc etcjust curious how to they show their money if they are buying a house and they dont declare all the earnings
Go eat a bag of shit.
x2
People that don't report earnings are stupid. You don't fuck with the IRS.
If its in cash, its very hard to approve. Simply don't deposit more than 10k at a time although you could set yourself for asset seizures
2.) the IRS WILL compare expenses to earnings. You own a business right? Any CPA or real business owner will tell you not to fuck with the IRS. You keep playing that game Melvin. Let us know went the IRS audits you, so we can laugh and publicity shame you.
1.) The auto report to the IRS isn't 10k anymore. It has been lowered for years now. 2.) the IRS WILL compare expenses to earnings. You own a business right? Any CPA or real business owner will tell you not to fuck with the IRS. You keep playing that game Melvin. Let us know went the IRS audits you, so we can laugh and publicity shame you.
You make a good point about them getting credit while under claiming their income. Thing is, creditors would not report a person's income unless they were asked to do so by the IRS.Lot's of folks who are self-employed under claim their incomes to avoid paying higher taxes. The way they might get caught is when they claim the interest on a huge mortgage and the high property tax on an expensive home. When expenses and income don't jive, the IRS gets suspicious and then you're in deep trouble. Tax fraud can get you prison time.
Melvin did give the impression he under claims his income to the IRS. Anyone who does this is a fool.
The majority of my payments are credit card and Paypal so I really can't play that game with the IRS. I also report all of my revenue from my businesses outside the US
1.) The auto report to the IRS isn't 10k anymore. It has been lowered for years now. 2.) the IRS WILL compare expenses to earnings. You own a business right? Any CPA or real business owner will tell you not to fuck with the IRS. You keep playing that game Melvin.Let us know went the IRS audits you, so we can laugh and publicity shame you.
Actually on every mortgage now there is a 4506T pulled and if it doesn't match returns or the income that the borrower states - its supposed to be reported. People dont realize - deductions absolutely reduce your income when getting a mortgage.. For instance. If a borrower is a W2 employee earning 150,000 / year - but claims a 75,000 deduction on a side business... Income used for the loan is only 75,000... And there is no way to hide it because as I said the 4506T will show deductions that were claimed to the IRS..
Do NOT bargain hunt with your CPA or when hiring a staff accountant. They are worth the money
