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Recent content by libtard

  1. L

    what happens if you have zero receipt for your expenses?

    why do you keep mentioning money laundering and child labor? you are reading too much into this. all I'm saying is this person has no receipts for his expenses. it's really that simple.
  2. L

    what happens if you have zero receipt for your expenses?

    not sure what you mean by "details" there are no details. you are making this too complicated. it's a really simple story. you have expenses in your tax returns which you have zero proof for, no receipts, money never left the bank account, zero evidence exists that you ever had these expenses...
  3. L

    what happens if you have zero receipt for your expenses?

    my question is, if it doesn't make sense, will it turn into a crime? if 12 jury members would not believe it? my accountant said irs is not going to say this makes sense, that doesn't make sense. they simply say you don't have receipts, this is how much you owe. that will be the end of it. I...
  4. L

    what happens if you have zero receipt for your expenses?

    right, except my name is not hunter. in my situation, it doesn't make sense to have no receipts. in other words, a reasonable person in my situation would have at least some receipts. For example, when someone's office rent is $3000 a month, it's hard to believe that he paid it in cash and got...
  5. L

    what happens if you have zero receipt for your expenses?

    Hi guys imagine the following scenario: every year your tax returns indicate 90% of the money that you received was spent in expenses (example: $100k came into account, your profit is $10k) and you get audited you have no receipts for any of the expenses no money left your bank account there...
  6. L

    is it true that tax jail is like a hotel?

    Hi guys my accountant told me when someone gets in trouble with the irs and the irs throws them in jail, it's not a real jail. it's not like you are going to be roommates with a gang member with face tattoos. he said tax jail is like a hotel room. is that true?
  7. L

    House title under my name, but paid by someone else

    Hi I am not familiar with the process of buying a house. if I was selling a house, I wouldn't care where the money comes from. I just need my money. why would the seller care who is paying? the person who would be paying for the property is willing to write a loan agreement. My question is...
  8. L

    House title under my name, but paid by someone else

    Hi If I buy a house and title is under my name only, but majority or all of the money used to pay for the house comes from someone else's checking account, and this someone else is completely unrelated to me whether by blood or marriage, will that raise any red flags in the irs systems? the...