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Why is there always tax preparer offices in the ghetto next to pawn and liquor s

Store. Never fails. It will be on the same strip as the CASH...
bespoke garrison
  01/14/20
It's to get a "refund" on the taxes they had to pa...
ruby duck-like incel
  01/14/20
What do you mean “why”?
Cordovan Den Liquid Oxygen
  01/14/20
What taxes do they pay
bespoke garrison
  01/14/20
Payroll withholdings. If you are poor and have a w-2 job yo...
Cordovan Den Liquid Oxygen
  01/14/20
They give out refunds that amount to short term loans at 75%...
mahogany trump supporter
  01/14/20
...
Magenta boiling water crackhouse
  01/14/20
...
Avocado doobsian brethren
  01/14/20
This is CSLGs brotherd biz btw
offensive excitant toilet seat station
  01/14/20
It's a guaranteed money maker. Should be illegal.
mahogany trump supporter
  01/14/20
I thought he was in "tax resolution" which is an e...
Provocative smoky travel guidebook
  01/14/20
180. No accounting skills necessary
offensive excitant toilet seat station
  01/14/20
These places grind out a couple thousand returns, many or mo...
rusted rehab
  01/14/20
Obviously, these entrepreneurs structure their business with...
Histrionic brilliant candlestick maker
  01/14/20
It's because their business model is not based on filing you...
Painfully Honest Slap-happy Bawdyhouse Milk
  01/14/20
it's true i did this gig out of college would make $13-$15/h...
Racy talking site
  01/14/20
How profitable are these businesses
self-centered beady-eyed school cafeteria jew
  01/14/20
very
Racy talking site
  01/14/20
Let's do the math, brother. Month-to-month rent for four ...
Painfully Honest Slap-happy Bawdyhouse Milk
  01/14/20
And then what happens for the rest of the year?
self-centered beady-eyed school cafeteria jew
  01/14/20
Poast and relax.
Painfully Honest Slap-happy Bawdyhouse Milk
  01/14/20
...
Onyx Locus Hunting Ground
  01/14/20
Collection rates?
Soul-stirring Thirsty State
  01/14/20
You shouldn't do month to month, just rent a bigger place an...
Histrionic brilliant candlestick maker
  01/14/20
Holy shit 180. I'm in the wrong business
Navy Pontificating Kitchen Gaping
  01/14/20
How do you collect from deadbeat proles
self-centered beady-eyed school cafeteria jew
  04/27/20
?
Aquamarine Temple Jewess
  04/27/20


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Reply Favorite

Date: January 14th, 2020 12:03 PM
Author: bespoke garrison

Store. Never fails. It will be on the same strip as the CASH for gold stores and liquor store. Also always with a sign “cash NOW! “ or someone in a Statue of Liberty outfit with a sign flying

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429198)



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Date: January 14th, 2020 12:24 PM
Author: ruby duck-like incel

It's to get a "refund" on the taxes they had to pay for their WIC/Section 8/etc.

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429345)



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Date: January 14th, 2020 12:25 PM
Author: Cordovan Den Liquid Oxygen

What do you mean “why”?

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429354)



Reply Favorite

Date: January 14th, 2020 12:27 PM
Author: bespoke garrison

What taxes do they pay

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429367)



Reply Favorite

Date: January 14th, 2020 12:35 PM
Author: Cordovan Den Liquid Oxygen

Payroll withholdings. If you are poor and have a w-2 job you get a refund. And you might be willing to take 80 percent of that refund in cash in January rather than wait until February.

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429407)



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Date: January 14th, 2020 12:26 PM
Author: mahogany trump supporter

They give out refunds that amount to short term loans at 75% interest

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429361)



Reply Favorite

Date: January 14th, 2020 12:41 PM
Author: Magenta boiling water crackhouse



(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429430)



Reply Favorite

Date: January 14th, 2020 12:55 PM
Author: Avocado doobsian brethren



(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429480)



Reply Favorite

Date: January 14th, 2020 12:59 PM
Author: offensive excitant toilet seat station

This is CSLGs brotherd biz btw

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429499)



Reply Favorite

Date: January 14th, 2020 1:08 PM
Author: mahogany trump supporter

It's a guaranteed money maker.

Should be illegal.

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429536)



Reply Favorite

Date: January 14th, 2020 1:26 PM
Author: Provocative smoky travel guidebook

I thought he was in "tax resolution" which is an even bigger scam

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429637)



Reply Favorite

Date: January 14th, 2020 1:42 PM
Author: offensive excitant toilet seat station

180.

No accounting skills necessary

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429719)



Reply Favorite

Date: January 14th, 2020 1:14 PM
Author: rusted rehab

These places grind out a couple thousand returns, many or most of which contain fabricated schedule c "self-employment" income in cash heavy businesses. Amazingly, every hair dresser and day laborer who comes in makes exactly as much gross income as whatever the max for the earned income tax Credit is. They then add every possible Dependent and generate refunds in the many thousands of dollars for the "taxpayer."

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429582)



Reply Favorite

Date: January 14th, 2020 1:23 PM
Author: Histrionic brilliant candlestick maker

Obviously, these entrepreneurs structure their business with the tax implications in mind and quit working for the year once they hit the cap.

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429629)



Reply Favorite

Date: January 14th, 2020 1:30 PM
Author: Painfully Honest Slap-happy Bawdyhouse Milk

It's because their business model is not based on filing your taxes. Sure, they do that. Some will even do it for free as an incentive.

It's all low income people with very simple 1040EZ returns. Probably takes 30 minutes on average to complete each one.

The catch is that most low income people get a refund and the tax filing place issues it to them ON THE SPOT as essentially a high interest payday loan.

These people absolutely CANNOT resist taking a $1,000 check today in exchange for signing over their $1,400 return to the preparer.

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429651)



Reply Favorite

Date: January 14th, 2020 1:32 PM
Author: Racy talking site

it's true i did this gig out of college would make $13-$15/hr working up EIC forms for $270/piece

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429666)



Reply Favorite

Date: January 14th, 2020 1:32 PM
Author: self-centered beady-eyed school cafeteria jew

How profitable are these businesses

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429667)



Reply Favorite

Date: January 14th, 2020 1:33 PM
Author: Racy talking site

very

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429672)



Reply Favorite

Date: January 14th, 2020 1:42 PM
Author: Painfully Honest Slap-happy Bawdyhouse Milk

Let's do the math, brother.

Month-to-month rent for four months (Jan-April) in a strip mall in a ghetto shopping center (the more ghetto, the better for this type of business): $4,000.

Two tax prep filers @ $15/hr full-time for 14 weeks: $20,000 after payroll taxes.

Salvation Army furniture and some shitty computers: $1,500

Marketing: $5,000

Total costs: $31,000 (rounded up for misc costs).

Now let's say you average $300 on each return and process on average six per day, six days per week, for 14 weeks: $151,200

$151,200 - $31,000 = $120,200 in profit for 14 weeks of work. Six per day seems low, too. I bet you could do more.



(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429716)



Reply Favorite

Date: January 14th, 2020 1:46 PM
Author: self-centered beady-eyed school cafeteria jew

And then what happens for the rest of the year?

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429733)



Reply Favorite

Date: January 14th, 2020 1:49 PM
Author: Painfully Honest Slap-happy Bawdyhouse Milk

Poast and relax.

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429753)



Reply Favorite

Date: January 14th, 2020 1:53 PM
Author: Onyx Locus Hunting Ground



(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429776)



Reply Favorite

Date: January 14th, 2020 2:45 PM
Author: Soul-stirring Thirsty State

Collection rates?

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39430026)



Reply Favorite

Date: January 14th, 2020 3:57 PM
Author: Histrionic brilliant candlestick maker

You shouldn't do month to month, just rent a bigger place and also be a pawn shop. Pawn shops are a year round business and you can issue refunds in the form of store credit.

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39430342)



Reply Favorite

Date: January 14th, 2020 1:34 PM
Author: Navy Pontificating Kitchen Gaping

Holy shit 180. I'm in the wrong business

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429676)



Reply Favorite

Date: April 27th, 2020 10:25 PM
Author: self-centered beady-eyed school cafeteria jew

How do you collect from deadbeat proles

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#40106362)



Reply Favorite

Date: April 27th, 2020 10:29 PM
Author: Aquamarine Temple Jewess

?

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#40106387)