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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...
Flushed Pontificating Scourge Upon The Earth
  01/14/20
It's to get a "refund" on the taxes they had to pa...
coral hell antidepressant drug
  01/14/20
What do you mean “why”?
Drab Voyeur Jew
  01/14/20
What taxes do they pay
Flushed Pontificating Scourge Upon The Earth
  01/14/20
Payroll withholdings. If you are poor and have a w-2 job yo...
Drab Voyeur Jew
  01/14/20
They give out refunds that amount to short term loans at 75%...
Red center
  01/14/20
...
Bull Headed Grizzly Trust Fund Rigpig
  01/14/20
...
Deranged volcanic crater
  01/14/20
This is CSLGs brotherd biz btw
olive legal warrant
  01/14/20
It's a guaranteed money maker. Should be illegal.
Red center
  01/14/20
I thought he was in "tax resolution" which is an e...
Beady-eyed Harsh Brethren
  01/14/20
180. No accounting skills necessary
olive legal warrant
  01/14/20
These places grind out a couple thousand returns, many or mo...
Maniacal greedy locus messiness
  01/14/20
Obviously, these entrepreneurs structure their business with...
Flesh haunted graveyard base
  01/14/20
It's because their business model is not based on filing you...
Excitant sepia wrinkle
  01/14/20
it's true i did this gig out of college would make $13-$15/h...
buck-toothed ebony theater stage
  01/14/20
How profitable are these businesses
metal double fault
  01/14/20
very
buck-toothed ebony theater stage
  01/14/20
Let's do the math, brother. Month-to-month rent for four ...
Excitant sepia wrinkle
  01/14/20
And then what happens for the rest of the year?
metal double fault
  01/14/20
Poast and relax.
Excitant sepia wrinkle
  01/14/20
...
cordovan death wish sweet tailpipe
  01/14/20
Collection rates?
Drunken obsidian rehab
  01/14/20
You shouldn't do month to month, just rent a bigger place an...
Flesh haunted graveyard base
  01/14/20
Holy shit 180. I'm in the wrong business
mischievous arrogant garrison
  01/14/20
How do you collect from deadbeat proles
metal double fault
  04/27/20
?
Underhanded Lodge Psychic
  04/27/20


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Reply Favorite

Date: January 14th, 2020 12:03 PM
Author: Flushed Pontificating Scourge Upon The Earth

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: coral hell antidepressant drug

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: Drab Voyeur Jew

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: Flushed Pontificating Scourge Upon The Earth

What taxes do they pay

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



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Date: January 14th, 2020 12:35 PM
Author: Drab Voyeur Jew

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: Red center

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: Bull Headed Grizzly Trust Fund Rigpig



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



Reply Favorite

Date: January 14th, 2020 12:55 PM
Author: Deranged volcanic crater



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



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Date: January 14th, 2020 12:59 PM
Author: olive legal warrant

This is CSLGs brotherd biz btw

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



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Date: January 14th, 2020 1:08 PM
Author: Red center

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: Beady-eyed Harsh Brethren

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: olive legal warrant

180.

No accounting skills necessary

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



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Date: January 14th, 2020 1:14 PM
Author: Maniacal greedy locus messiness

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: Flesh haunted graveyard base

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: Excitant sepia wrinkle

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: buck-toothed ebony theater stage

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)



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Date: January 14th, 2020 1:32 PM
Author: metal double fault

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: buck-toothed ebony theater stage

very

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



Reply Favorite

Date: January 14th, 2020 1:42 PM
Author: Excitant sepia wrinkle

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)



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Date: January 14th, 2020 1:46 PM
Author: metal double fault

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: Excitant sepia wrinkle

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: cordovan death wish sweet tailpipe



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



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Date: January 14th, 2020 2:45 PM
Author: Drunken obsidian rehab

Collection rates?

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



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Date: January 14th, 2020 3:57 PM
Author: Flesh haunted graveyard base

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)



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Date: January 14th, 2020 1:34 PM
Author: mischievous arrogant garrison

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: metal double fault

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: Underhanded Lodge Psychic

?

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