Quote:
Originally Posted by kane
Many years ago when I was right out of high school I worked for Radio Shack. The manager I had when I first started then had 3 or 4 different DBA's for different businesses. He had a degree in accounting and had things set up so basically one business owned his house, one owned his furniture, one owned the car and so on. He had all his assets split up among them and each business rented items to the other business and wrote everything off until he got it down to where he had zero taxable income every year.
Not long after I started working there he got fired so I don't know if he ever got caught, but at that time he told me he had been doing this for 10 years.
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See, now that's a bit much. My wife and I have different businesses, but that's because they are completely different from each other.