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How do you do business expense writeoffs??
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Date: October 14th, 2024 4:30 PM Author: hairraiser awkward public bath rigor So if I have an invoice for some office furniture I keep it for my records and do a write off. What stops you from ordering a bunch of shit, getting invoice, and canceling orders while recording a write-off? Or just change the invoice file to make it look like you bought 10x. (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48197226) |
Date: October 14th, 2024 4:33 PM Author: Doobsian Yellow Ape Dog Poop Jail. But there are plenty of legal ways to get tons of free shit. I’m constantly buying myself electronics, furniture, dinners, tickets, etc. (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48197239) |
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Date: October 14th, 2024 4:35 PM Author: hairraiser awkward public bath rigor How would this flag anything?? I.e. you bought 10 pairs of $500 shoes and returned 9. Is irs going to get the business's records to check how much they actually got paid in the end? (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48197246) |
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Date: October 14th, 2024 4:50 PM Author: Fishy sick parlour mental disorder presumably the refunds go into the same account as the original payment came from? so there is a clear trail of the refunds in your own business records, no need to get the shoe vendors' records (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48197294) |
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Date: October 14th, 2024 6:44 PM Author: Sooty Stimulating Athletic Conference Cuckold If they want to. Are 10 pairs of $500 shoes an ordinary and necessary expense of your type of business? (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48197706) |
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Date: October 14th, 2024 6:52 PM Author: hairraiser awkward public bath rigor I wouldn't actually use shoes. I'd do things like computers. (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48197728) |
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Date: October 14th, 2024 7:41 PM Author: Sooty Stimulating Athletic Conference Cuckold ok. is 10 computers an ordinary and necessary expense in your business? if so, how are you going to run with only 1 left? (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48197887) |
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Date: October 14th, 2024 8:22 PM Author: Federal Lettuce Buy 100 then keep 10? What would happen then? (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48198057) |
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Date: October 14th, 2024 4:34 PM Author: bonkers business firm degenerate https://www.youtube.com/watch?v=BAjxn2US7J8
it's mostly the honor system |
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Date: October 14th, 2024 4:35 PM Author: big azure location internal respiration Just try to stay in the grey area and don't do flagrantly deceptive stuff like you described doing and you'll be fine. Short answer to your question is I do shit in the grey area, I'm not deducting fake invoices or whatever (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48197242) |
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Date: October 14th, 2024 4:38 PM Author: hairraiser awkward public bath rigor So what's grey? If you deducted stuff that you ended up returning or not buying, it's the same as changing your invoice with an extra 0 at the # of items and cost. The only way they can get u is if they prove that the business did not collect that $, which involves investigating the business. And the only reason they might suspect is if it doesn't make sense for example to buy 10pairs of shoes or tvs,etc. (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48197261) |
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Date: October 14th, 2024 8:02 PM Author: Light Rigpig Example:
Buy 10 computere, return 2-3, write off 10. If audit say you legitimately forgot.
This isn't hard |
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Date: October 14th, 2024 9:06 PM Author: Abnormal bawdyhouse On a large enough scale this wouldn’t work. It’s obvious fraud if audited.
Like anything else, you can get away with small potatoes with the IRS. |
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Date: October 14th, 2024 4:35 PM Author: ruby frisky indirect expression so in other words: how to evade taxes fastly? (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48197243) |
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Date: October 15th, 2024 2:50 PM Author: Infuriating concupiscible heaven (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48200864) |
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Date: October 14th, 2024 4:36 PM Author: nubile brindle philosopher-king kitty nothing is stopping you from doing anything except the fear of an audit, you could just not claim your income if you want (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48197248) |
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Date: October 14th, 2024 4:40 PM Author: hairraiser awkward public bath rigor Yeah if you don't get audited u don't even need any documentation for anything that u put in there. But if u do get audited, it seems not easy to see if an invoice is fake or not if u actually bought something from the store. (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48197273) |
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Date: October 14th, 2024 4:47 PM Author: nubile brindle philosopher-king kitty brother, if you get audited they can access pretty much everything afiak, will there not be clear indications of a return in your banking records? (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48197286) |
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Date: October 14th, 2024 6:11 PM Author: hairraiser awkward public bath rigor If they do that audit 2 years later and my credit card is closed by then how are they going to dig up those old cc statements? (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48197546) |
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Date: October 14th, 2024 6:13 PM Author: nubile brindle philosopher-king kitty fairly easily (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48197555) |
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Date: October 14th, 2024 6:50 PM Author: hairraiser awkward public bath rigor For real?? Then how to do fake writeoffs? (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48197719) |
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Date: October 14th, 2024 6:51 PM Author: nubile brindle philosopher-king kitty conspire with a business owner, although he will then need to report income he didn't actually keep (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48197721) |
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Date: October 14th, 2024 6:56 PM Author: hairraiser awkward public bath rigor Ah, so that's why people "donate" to church or jew temples. Rabbi keeps 10% but claims you donated $1mil then your tax rate goes from 50% to 10% (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48197740) |
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Date: October 14th, 2024 6:59 PM Author: nubile brindle philosopher-king kitty that is actually a scheme from the wire yes (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48197751) |
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Date: October 14th, 2024 7:42 PM Author: hairraiser awkward public bath rigor What wire? (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48197893) |
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Date: October 14th, 2024 8:07 PM Author: nubile brindle philosopher-king kitty the tv show (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48198001) |
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Date: October 16th, 2024 9:12 AM Author: Massive multi-colored double fault Fantastic criminally underrated subthread (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48203284) |
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Date: October 14th, 2024 6:53 PM Author: Abnormal bawdyhouse (cosmo kramer) (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48197733) |
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Date: October 14th, 2024 7:32 PM Author: chest-beating twinkling uncleanness If you use a CC and the charges on the cc are generally deemed "reasonably clear" for expense purposes. Amazon = office supplies, costco = office supplies, meals = meals, etc.
If you got audited in detail then presumably you could be fucked but you could also do the "oops, that was a personal item that my bookkeeper missed" and pay tax on it. |
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Date: October 14th, 2024 7:45 PM Author: hairraiser awkward public bath rigor I don't expense meals or flights when I go abroad, because I have no business abroad. But I could generate quite a lot of charges in office supplies if Returns count (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48197907) |
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Date: October 14th, 2024 8:08 PM Author: buck-toothed indigo brunch sure but aren't you doing business development when you are abroad? things that are a matter of perspective are a heck of a lot easier to defend than outright fraud
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Date: October 14th, 2024 8:19 PM Author: hairraiser awkward public bath rigor I don't see how I could defend expensing a trip abroad if my only clients are hospitals in a few states. I'm not dumb enough to trigger an audit by expensing a Rolex or my trip to Dubai with a hooker. How is it fraud if I actually paid for a business item(s) with my credit card, I just happen to return it or don't even pick it up. (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48198041) |
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Date: October 14th, 2024 8:20 PM Author: Light Rigpig The quantity and blatantness of the purchases (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48198048) |
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Date: October 14th, 2024 8:24 PM Author: hairraiser awkward public bath rigor So if you do something outrageous like bought 100 computers or 100 rolexes and you're not a computer store it will obviously be a red flag. But if you just multiply items by 2-3 (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48198061) |
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Date: October 14th, 2024 8:26 PM Author: Light Rigpig Rolexes no, computers yes (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48198070) |
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Date: October 14th, 2024 8:30 PM Author: hairraiser awkward public bath rigor I don't follow no and yes to what (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48198087) |
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Date: October 14th, 2024 8:06 PM Author: Light Rigpig There's a very strong defense to "oops I forgot" that definitely avoids prison
It's stupid fucks like OP that get thrown in the slammer |
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Date: October 14th, 2024 7:34 PM Author: shaky adventurous theater friendly grandma you just write it off! (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48197865) |
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Date: October 14th, 2024 7:43 PM Author: bossy bistre church building mood In a real audit they’d want to see proof of payment, not just a bs invoice.
If you don’t get audited then you can make up any numbers you want. |
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Date: October 14th, 2024 7:46 PM Author: hairraiser awkward public bath rigor What's a proof of payment if not an invoice(which I thought was better than a receipt email from an online order)? I can certainly get email receipts and return/cancel orders. (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48197910) |
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Date: October 14th, 2024 7:48 PM Author: bossy bistre church building mood Your credit card statement or your bank statement, genius (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48197922) |
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Date: October 14th, 2024 7:59 PM Author: hairraiser awkward public bath rigor So if you return the item at the end if billing cycle you're gold. (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48197970) |
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Date: October 14th, 2024 8:00 PM Author: Fantasy-prone hospital bbw Yeah dipshit you finally figured out the one weird trick. Well done. (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48197974) |
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Date: October 14th, 2024 8:05 PM Author: Light Rigpig Dude is so retarded he's gonna get audited no matter what
Sounds like parody at this point |
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Date: October 14th, 2024 8:09 PM Author: Fantasy-prone hospital bbw It’s schtick I just can’t help playing the fool for this lovable slavic autist (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48198012) |
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Date: October 14th, 2024 8:21 PM Author: Light Rigpig (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48198049) |
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Date: October 14th, 2024 8:22 PM Author: hairraiser awkward public bath rigor Do you keep your credit card statements as record of your transactions or email receipts? My father told me receipts are the official proof of purchase. I don't bother keeping track of any cc items under $500 but large items I can just multiply by 5 by creating fake receipts. (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48198056) |
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Date: October 14th, 2024 8:30 PM Author: Light Rigpig (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48198084) |
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Date: October 14th, 2024 9:13 PM Author: aphrodisiac point immigrant Can you just be a serial entrepreneur who always fails but starts a new schedule c sole proprietorship every few years and always loses a bunch of money?
It’s not a hobby because it’s a new business and you’re trying to make money. |
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Date: October 15th, 2024 1:05 PM Author: walnut slippery skinny woman Yes. People do this every three years. You need to be able to show you were actually trying to make money and that this wasn’t just a hobby. This can be done by buying ads, hiring contractors, etc. (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48200507) |
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Date: October 15th, 2024 12:49 PM Author: chest-beating twinkling uncleanness This has to be flame or you are utterly retarded.
Why do you keep going on about returns... If you buy a bunch of shit on a credit card, the returns/refunds go back on the credit card unless you ask for cash back in which case you still owe the credit card balance.
If you buy a bunch of shit on a debit card and return then its funds out, funds back in.
Wtf are you trying to accomplish with this 1 weird trick. |
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Date: October 16th, 2024 9:09 AM Author: hairraiser awkward public bath rigor I can present proof that I bought an item. How are they going to get next month statement that I returned it? (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48203276) |
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Date: October 15th, 2024 1:06 PM Author: walnut slippery skinny woman The thing that stops this is the threat of going to federal prison for tax fraud. If you are audited, they will want to see all 10 chairs you deducted or proof that you sold or destroyed them. Are you really this stupid? How are you a fucking doctor? If I were you, I’d just focus on trying to keep my job and see a lot of patients to increase my income. (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48200514) |
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Date: October 16th, 2024 9:09 AM Author: hairraiser awkward public bath rigor If u get audited and it's not going your how much time do you have to sell your property and move abroad? (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48203277) |
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Date: October 16th, 2024 9:17 AM Author: Massive multi-colored double fault In a just world, this thread alone would cop Boor a top 8 seed in MPM (http://www.autoadmit.com/thread.php?thread_id=5611551&forum_id=2#48203304) |