The MinusOneBit Guide to Tax Evasion - Page 2 - GoFuckYourself.com

Manowar · 12-24-2007, 06:56 AM

longest post, EVER

notoldschool · 12-24-2007, 07:58 PM

Bump for the tax evading thief scumbag.

davidd · 12-24-2007, 09:12 PM

Quote:

Originally Posted by CDSmith

Bad idea and very shortsighted, and here's why: Let's say a few years from now you are in a situation where you need a large loan or you want to buy a house. You go to your bank and the first thing they want from you is your income tax information for the past two or possibly even three years. This is obviously a situation where the more income you have to show them the better... But oops, you've been declaring only a fraction of your true income for the last few years. Instead of showing $50K/year you only claimed $25K. Or maybe you made $100K but only declared $40K.

The bank is going to take one look at that and tell you to take a hike on the $50K you want to borrow. They'll tell you access denied on the $200K mortgage you want.

Bottom line: it's always best to treat this business LIKE a business. Declare everything, always. Keep receipts to show for all your deductions, and either learn to find and take advantage of every deduction you're entitled to legally, or HIRE someone good with taxes and numbers who can do it for you.

The better way to go also is to find and hire a good investment broker, one who knows some good legal strategies for sheltering your savings from taxes while maximizing your ROI.

Your advice on "padding" the books is, well, for want of a better term... very ill-advised. I was going to say 'retarded' but it being so close to Christmas I suppose a modicum of tact is called for.

You obviously have never heard of: "No Income Verification Mortgages".

In Florida we have them and I am sure they are available throughout the country... They are designed for people who are "off the grid". You have to have superior credit (800+) and a relationship with the bank helps.

Check it out and note how much can be borrowed...

http://www.suntrustmortgage.com/noincome.asp

AdultB2B · 12-25-2007, 01:38 AM

Quote:

Originally Posted by Poontank

A few of Minusonebit's new friends.

Isn't that Spike Lee?

will76 · 12-25-2007, 01:47 AM

Quote:

Originally Posted by minusonebit

(cont'd from above)

Avoid any banking involving transactions anywhere near $10K in a single day. every time you deposit or withdraw more than $10K worth of currency of money orders

Great I will ask Clickcash if they can start breaking my payment up into several checks so i dont trigger that one every week

notoldschool · 12-25-2007, 10:10 AM

bump for a scumbag thief

Azoy? · 12-25-2007, 12:59 PM

Quote:

Originally Posted by minusonebit

This article is published only for sponsors to detect and help prevent tax evasion. And for any IRS auditors who read this site and need to know how such criminal activity might occur. Minusonebit (me) does NOT support tax evasion and does not encourage you to undertake anything said above. That being said, Minusonebit (me) will also have no liability should you choose to ignore this clear warning and undertake such actions and save yourself thousands in the process.

sounds like you told people what to do in your first posting so i don't really think the IRS will buy it as a detection guide

CDSmith · 12-25-2007, 10:25 PM

Quote:

Originally Posted by davidd

You obviously have never heard of: "No Income Verification Mortgages".

In Florida we have them and I am sure they are available throughout the country... They are designed for people who are "off the grid". You have to have superior credit (800+) and a relationship with the bank helps.

Check it out and note how much can be borrowed...

http://www.suntrustmortgage.com/noincome.asp

I speak from the Canadian perspective in my last post. Banks here want to know that you will be able to handle the mortgage payments along with all the other expenses that owning a home brings. If your declared income can't back that up then your chances of getting a mortgage here is slim to none.

But no matter, NIVM or not, I still say most if not ALL banks no matter where they are prefer it if you actually have an income that shows you can support a certain debt load rather than underwrite someone for a $250K mortgage whose income tax returns for the past several years shows then as living near the poverty line.

I have no doubt that going with minusonebit's advice of padding your expenses and failing to declare all of your income will eventually catch up with and bite in the ass anyone who takes that advice. Period.

12-24-2007, 06:53 AM	#51
Barefootsies Choice is an Illusion Industry Role: Join Date: Feb 2005 Location: Land of Obama Posts: 42,635	__________________ Should You Email Your Members? Link1 \| Link2 \| Link3 Enough Said. "Would you rather live like a king for a year or like a prince forever?"

12-24-2007, 07:58 PM	#53
notoldschool Confirmed User Join Date: Aug 2007 Posts: 5,687	Bump for the tax evading thief scumbag. __________________ No doubt one may quote history to support any cause, as the devil quotes scripture. -- Learned Hand http://www.bjpenn.com

12-25-2007, 10:10 AM	#57
notoldschool Confirmed User Join Date: Aug 2007 Posts: 5,687	bump for a scumbag thief __________________ No doubt one may quote history to support any cause, as the devil quotes scripture. -- Learned Hand http://www.bjpenn.com

12-24-2007, 06:56 AM	#52
Manowar jellyfish Join Date: Dec 2003 Posts: 71,528	longest post, EVER