Quote:
Originally Posted by brian
the goal is to convince the government your operating at a net loss every year :lol:
|
A friend of mine did that for 3 years with his business then got an audit, tax evasion and federal prison for 1 year but only served 3 months. You can't show a loss every year unless you can prove that your mother paid all your bills, food, mortgage, car payment etc etc etc etc....
An interesting side on this friend. They woke him up in the middle of the night in his cell and told him to pack his things. Would not tell him anything about what was going on. They prison guards met our local town police half way and took him to his house. Once again, no information on what was going on. It took Joe 3 months and a lawyer filing a freedom of information complaint to find out what happened.
Jail was full, need room, release the soft criminals.