is it better to work on the books or off?
Nice try IRS
What do you mean?
Building a company with sale value=yes
Riding a temporary trend=no
>>1277335
work a job that deducts taxes from my paycheck or a job that pays straight cash.
my parents say i can make more and report i make less money for tax time. i just want /bi/z opinion as to if i'm a retard for wanting to work on the books to avoid IRS problems
>>1277343
>My parents are encouraging me to commit fraud and perjury
You should probably stop listening to them.
Work on the books if you have any intention of working with the credit system later on.
>>1277354
i did notice my credit score went down when i was forced into quitting my last job. got another job and it went a bit higher then before. and now i'm unemployed again so its gonna drop
>>1277368
that's not how it works. jesus christ
>>1277406
teach. i dont know bruh
>>1277297
ALL-ICE is ALICE
>>1277343
The ONLY advantage to having taxed income is that when you buy a home you will need to show the mortage people what you make.
I'm gonna make like $50k this year. I can choose to keep as much as $25k off the books. But the problem with that is that when I go to buy a home I won't qualify.
Also, when you get paid in cash you cannot put it into your bank account, you will need to store it at home.
So aside from the house thing, its way way better to avoid the taxes, and accept cash money.
>>1277495
Not true anon. You just need to have a small laundering operation.
Hobbies earning <$10k are tax free.
and a nice little 15k gambling run on the side aren't too far of a stretch.
Gifts are also a thing. look up the laws on that.
1031 tax free exchanges are pretty good.
Just buy a cheap house cash, and sell it, but use the 1031 to put the money in your new house fund.
The mortgage audits are shitty but you just gotta be fucking smart mang.
lurk moar
>>1278021
this is me. if im lifetime down but went on a good run recently, i should do absolutely nothing right?
