Does anybody seriously not evade tax?

Knock yourself out -

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It is not illegal. Though if you were to run around telling the insurance company or your brokers this. Well they would have a different story to tell.

I live in Canadaland. My particular province has an auto insurance monopoly that runs the show. It is legalized robbery, worse than any casino. Anything you can do to fuck them out of premiums I would suggest. My current methods included. If you know Canada at all then you know which insurance company I'm referring too.

I use to insure outside my province through a friend at a perm address. However, the yearly renewal always turned into a nightmare. So after speaking with my accountant, we set up this corporation which technically "owns" the vehicles. I'm merely listed as a company vehicle "operator". In which case all liability lays with the corporation. My base rate for corporation insurance is slightly higher than insuring as an individual with no discount on their premium. Though if I applied for fleet insurance. That would change. However its very very small savings. Like less than 75 a month. Not worth the trouble.

Second question. It's hard to say. In Canadaland you are allowed to make I believe up to 10k yearly tax free. So what I try to do is roll over to the next company before the end of the taxable last quarter. So what will happen is I join up say in Mid April. Then quit before the last quarter for April starts and report less for the following year. The other thing is that around 40% of my actual income from my commissioned sales job is paid out in cash as bonuses. So its off the company books and untraceable.

The other thing is this particular industry is terrible at keeping consistent and trackable records. A lot of deals are so convoluted that if the "IRS" were to audit the companies/groups involved. Major banks/lending institutions would also get audited automatically as well. Which I know for a fact would fuck up tons of loans and bring major red flags up.

No no. The gifts actually are used to entice further business and referrals. Simple things like concert/sporting tickets and cigars or expensive bottles of whiskey. ALTHOUGH, this year has changed since my niche market for my business has changed. So what I'm doing now is "donating" technology goods (Ipads,laptops etc) to local volunteer clubs and university organisations to entice members/volunteers to purchase my products. So in that case you can write back more of it. Almost 100%.

The best thing though is to take advantage of writing off university courses/classes/programs. I'm in Canadaland. So you can claim pretty much 100% of it back. Its free education. Your stupid not to do it. It also serves as decreasing the amount you pay also in taxable income. So it serves two purposes.

Are you in BC? How can you write off almost 100% of tuition? Are you doing the courses via your corporation somehow?

Can you give me some advice?
Im kinda in the situation. I work for my parents selling their products online. I own my 1-man company and my parents just me a check to my company bi monthly. Out of like $100k, I report like $10k as personal income. All the other numbers are almost flat out lies. Like I say I import stuff and sell them. When in reality, My company only lists products, customer service etc.
the reason ive done it this way for a long time is because my cpa is super shady and set it up that way for me out of laziness / tax evasion whatever. Ive been doing this for like 6 years with like no audits.

Now I bought a house and planning to buy a car. If you were me, how do i save the max on tax and not get audited?

Also forgot to ask, is your corporation actually Canadian? Or Virgin Islands or some shit?

Yeah. Good guess.

From my current understanding. Its 2500 PER semester. Which basically equates to 1-3 classes/courses a year or even a full program depending on what it is.

Like for example. I did the real estate licencing last year. It was like 1200 for the course and then some other fees. Came out to 2000 roughly. I got that entire amount back at the end of the year. Just talk to your accountant. I'm not doing anything special on my end as far as I know. Unless my accountant does something in addition that I'm not aware of.

How I've been doing it is basically registering for 1 course a semester or one program for a year like the real estate or mortgage brokers course.

Yea I'm in BC too, that's why I was interested. I don't have an accountant though, or a corporation. I was planning on filing a corporation when/if I develop passive income online but I was planning on getting a BVI corporation (or one of those tax haven places), not a Canadian corp.

At a place like UFV someone could do a whole full-time course load for 2500 per semester.

its not that you arent required to claim them its that ebay will notify the IRS if you sell more than 25k. You still need to claim it

Here is what I would do since I'm in Canadaland. I would do some seriously shady as fuck maneuvering in your case.

What you want to do is make your mortgage tax deductible. And couple that benefit with an interest free loan. But.... The question becomes.. How would you do that?

Now in Canadaland. My father figured out that you can borrow against your RSP (Retirement Savings Plans) investment interest free for the entire duration of the year. As long as you Reinvest the money you take out into the RSP before the end of the next year. Than rinse repeat the following year.

So what he did and what you would do if your in Canada. Is you put down the maximum allowed for the current year into your RSP. In Canada I believe its 15k? Might be 10k. Then borrow against it in a line of credit and use that money as part of your down-payment and take out a mortgage at a good rate and make that mortgage tax deductible on the remaining bad debt in two segments.

You seem to be pretty safe though. That does sound shady as fuck. I would check with your accountant and see under what circumstances you would be audited. Without any other information. I would put the house and future car into a corporation under someone else name. Your parents or a trusted blood relative. This will protect you also in case your wife ever tries to fuck you over in a divorce. Which WILL happen. Trust me. Unless you're forever alone.

A lawyer friend of mine did and recommended this a few years back. Everything he "owned" was in fact registered and owned by his corporation. So in the divorce he technically owned nothing and was merely an operator of the cars and a caretaker or something stupid for the property they had. So the wife couldn't touch his assets. Ended up having to pay him alimony or something fucking crazy like that.

Yes. BC registered. I have an actual leased business property though. So its not just registered to my house address. Which makes a difference.

Thanks for the advice. But I seriously dont feel safe. I know if I get audited, im screwed big time. Maybe even jail time.

I like the part about ending the paper teail. Doesnt starting a ew company every 18 months get really tiring? I dont think I can keep up with the paperwork. Ill probably end my current llc soon and form a new one and report tax numbers thats closer to reality. Like try to start a new paper trail?
I read on wikipedia that people who try to put their home office or car under their llc are more likely to trigger an audit. So Im adverse to doing that right now
i cant ask my shady cpa for details because he answers no questions. Hes chinese anyway and doesnt speak much english.

In any other situation, I would be afraid of divorce, but My wife makes more money than me and we're paying mortgage equally.

Any more tidbits will be appreciated

I'm not sure of everyone's age on here. But I'm assuming 90% is between 16-30.

When I started my first corporation. I did it as a means to fabricate my resume with an apparently successful and record traceable firm. It also allowed me to have a flashy as fuck business card I could give out to clients/prospects/interviewers and at my earlier aged ways of thinking. Women. You would be amazed how easy it is to pick up women in a flashy suit, holding flashy business card. Receptionists, first year university students etc. They're all laydowns for this sort of thing. haha.

It wasn't until I got into my sales career which I've been involved with for a few years now. That it would also serve the benefit of being used for tax writeoffs and basically evasion.

My only other suggestion is if your still young. Like I'm only 26 now. And you're either still a student or fresh into the job market and your looking to land yourself a position that is slightly above your current experience level or paygrade. But you could potentially bullshit your way into if you have a "proven" track record and "references".

Is to design your corporation as some sort of generic company that provides the same kinds of "services or products" that is applicable to the career field your applying for. Than use that as your reference/credibility builder.

For my current industry. What I did was set myself up as one of "my" corporation/companies top sales managers. With completely fabricated google/facebook/yelp/website reviews and recommendations. Had a separate pre-paid phone line with a female receptionist that would answer. Whom at the time was my girlfriend. Then have that call forwarded to a friend of mine whom would be the company owner or my superior, whom would act as my reference when requested for.

I did that to get into a sales manager position as my FIRST gig for the current industry I'm involved in. Which in this industry takes about 3 years to get into usually. Thus I landed a cushy as fuck salaried position as my first job. WAY above my paygrade/experience level at the time.

Well technically you've sold air to your company proving you're a qualified salesman, so I see nothing wrong with that.

So you live in BC, then.

ICBC just recently sent me a letter saying I'm on "probation... in the interest of public safety" because I got a speeding ticket for going 45 in a 30 zone about 20 feet long in a suburb.

I'm honestly impressed, to bad doing that stuff is illegal as fuck where I live. If you get caught doing that you're basically unemployable for the rest of your life since it goes on your criminal record, which almost all companies want to look at before they hire you.

Maybe. I make less than 3k a year so I really can't be fucked filing taxes.

If I was being super honest, I would just declare the profits as "small business income", but since you could count the purchases as expenses, it would probably even out.

Where do you live in bro?

LOL, nice.
I read about a guy here who got some high-paying council job, I think it was a civil engineering job.
He fabricated his entire employment history,
By setting up 3 shell corporations (bullshit nothing companies) and linked them to an answering service, etc like you did.
He was working there for more than 5 years, on £70k+ a year.
He DID get caught in the end though.
I think he got greedy.
I wouldn't push my luck, if you're getting good pay and didn’t have to sacrifice time and money wageslaving and getting qualified,
I say don't get greedy, don't get flashy, put as much as you can into side hustles, real estate, investments, assets, and GTFO.

you are canadian aren't you ?
the corp idea for insurance and plates is pretty fucking good, especially since we're getting raped pretty hard by those costs here in QC

can you detail where and how you got the Real estate and mortgage broker licences for free ?
what's behind the writing off of university courses ? do you do this through your LLC ?

Dont evade tax. Get a good cpa and make and llc. Fucking right off everything and youd be anazed at the loopholes that are 100% legal. I.e. renting an "office" in your home to your business.

Be careful. Accidental fuckups can land u in jail.

But this is what rich people do daily.

The law isnt right or fair. Written by the rich for the rich. Follow thier lead OP. Good luck.

I don't have to pay taxes, just move with me to colombia senpai

Is there no tax there?

Back from the dead.

ICBC is such bullshit. I've never heard of this. However, if you were not impaired and it was not a school zone. You can still use my corporation idea for insuring your vehicles. As long as you don't have any driving relating convictions through the courts.

Must be in the UK is my guess? Possibly AUS.

Around 25% of what I do could be construed as illegal if they went from start to finish. However, my only real concern is reporting less income yearly than I actually make. Everything else is a loophole that I take advantage of. The only thing is that average young adults nowadays are just not educated enough or aware they can do these things. Which is why I don't mind sharing.

When it really comes down to it. Its not about making MORE money necessarily. Obviously you want to do that as you progress in life. Its more about keeping the majority of what you currently make. 40k to 70k a year is not a lot when you get raped in taxes and insurance premiums at the end of the day. But if you can set yourself up to keep the vast majority of it. Than its a very comfortable livable income.

Now that is pretty neat. In engineering and other higher education required career fields. You should probably KNOW something about the field before attempting this. And again your totally right. Don't get greedy.

Its simply about giving yourself an advantage, an edge, a headstart. Because no one else in life is going to do that for you. You have to create it yourself.

QC is hear is not that bad. Alberta is the cheapest and most lax or that may be NFL or MB. BC is one of the worst though for ICBC. God damn crooks they are.

You need the money upfront to pay for the programs obviously. I live in BC and UBC is where the majority of these courses are offered. They are about 1200 bucks each. Plus some extra at the end after the final exams have been passed.

At the end of the semester, UBC or the university your at will send you a T2202A Tuition slip that you bring to your accountant and file with your taxes. So up to 2500 per semester can be used to deduct from your taxable income for the year. Then you claim it back after in your refund or apply elsewhere if you have a LLC or a company set up.

IT ALL BEGINS with getting a reliable and knowledgeable accountant. NEVER use the accountants offered through banking or lending institutions as they wont use the same loopholes that are out there. Even though they are legal to utilize, and will often turn down certain suggestions and ideas you have if you come to them with them.

Friendly reminder tax is theft .

This is just a taxable income deduction and does not cover the full fees of the tuition itself. Basically if your tuition is 2,000$ then you can remove that from your taxable income (say at 15% tax would be only 300$ on your tax refund). I don't get how you're writing off the entire cost of the course that doesn't make sense.

Why would I evade tax?

The penalties for getting caught are higher than the savings, in most cases.

I have a well paying wageslave job (almost six figures), what tax trickery could I use to get back the roughly 29% that they automatically take out from income tax, state tax, and FICA?

Start home based side business?
Write off portion of rent and other sundries and goods.

I don't; it's a condition of my job, and they pay me enough to make it worth my while.

They audit all of our tax returns before we file them to make sure we are following the requirements.

Real estate here. I don't lie on taxes. No reason to. I barely report any profits with all the depreciation I get to claim on my rentals. If I find a really solid flipper, or make a killing doing new construction somewhere, I just leave the profits sitting in my S-corp to be withdrawn as I need/want, or more likely reinvest them elsewhere on the next project.

I could shield a bit more, but that would turn my accounting into even more of a clusterfuck than it already is. By the time you pay for the man hours to do that, it's barely worth it, and if I get audited, it's definitely not worth it.

Obviously, you pay tons in property taxes, but that's not something you can realistically avoid. There's a lot of silly shit you can do to have your houses under appraised, and I actually have someone on payroll specifically assigned to lodging objections with town and city offices. It's a large part of their job. Other than that game, you really can't get out of property taxes.

That's because you're automatically assuming you'r going to get caught.

Usually when people commit crimes, they do it under the assumption that they won't.

So lets get to my advice on dodging taxes. Obviously you need a source of income that isn't reported.

My advice to new entrepreneurs is to build themselves a nice house. Find a lot, or a fixer upper exactly where you want it. Get some general building permits in order to make things look completely legitimate. Now, here's the fun part. Buy good stuff, and overbuild everything. It's truly amazing how much you can sink into a house and still get little quality of life improvements. Hire good contractors to build things well.

Thick exterior walls. Well insulated walls, and windows. Long board, nicely grained hardwood floors. Use sound dampening material everywhere. Put up plywood backplates on your walls behind the sheetrock from chest height to several feet above you so you never have to think about finding a stud to hang a picture, or a mirror. Get nice appliances. Good counter tops. Higher amperage electrical outlets. Wire up individual sockets in your kitchen independently so you can run your mixer, microwave, toaster oven, and waffle iron all at once without tripping a breaker. High grade hinges for your doors and cabinets. A toilet that will never clog. An on demand water heater. Full reverse osmosis for drinking water if you need it. High end heating and AC units. French drains around the house so it never floods. Automated sumps and drainage for if it somehow does. Get the 30 year roof. Use the good paints with warranties. Add some solar panels, and some redundant battery storage so you can keep your fridge and a few lights running during power outages.

Think of every petty annoyance that has ever bothered you in any building you have ever lived in and write it down. Find a way to solve it.

The trick is very simple. Most contractors love cash, because they don't have to report it. You can claim to have done a lot of work yourself, and if you have some permits, and a few tools who's going to argue? It's very difficult to properly asses the money that went into a house because the costs of labor vary from full DIY, to premium luxury contractors at over 500 an hour. Good materials are very commonly found at surplus auctions, and those are often cash too.

As long as your house doesn't look like a mansion, you can build it to be a cozy home that can structurally withstand tap dancing elephants. Money in. Money out. No taxes, and you get a damn fine place to live.

Then, if and when you do decide to sell it, *gasp* the property value has shot up over the last 20 years! What a wonderful investment. Pay your minimal taxes on your "newly found" wealth like a good little boy, and whistle on your way to the bank.

Live in Canada here. I co-run a cash side-business (no licenses or anything) with my mom and we make decent money for what it is. We started about 3 months ago and we've probably earned 10k+. My mom handles the money so I don't know the exact figure. I tell her not to put it into the bank if possible but some bills have to be paid through the bank, so I'm guessing at this point that we'd have to at least report whatever amount that has gone through the bank right?

Not related to the OP's topic but,

How do you test the builder/contractor to know if they are good? The last guy I hired skipped town after two days of work. The guy before that brought in some Spanish guy who could not speak English to do the tiling work, and it was complete shit.

contractor here.

ask to see license and request proof of insurance be provided to you from his/her insurance company.

google the contractor's business name. Ask for references from past clients. Actually talk to those clients.

a good contractor will meet with you and have all this lined up and ready for you to look at.

if you want to get really serious ask for a credit check and background checks.

in most cases just asking for all this stuff will scare off the shady ones. Be prepared to pay more for a contractor that can provide assurances they don't suck. We're not usually the lowest bidder, but that's because the lowest bidder isn't going to do the job you want.

couple other things you can ask for- the name of the architect or engineer they'll be working with if applicable, and proof of workmans' comp insurance for their crew and insurance on their vehicles.

most times your average shady handyman won't have any of this stuff.

Angie's list is pretty useful for residential stuff. There's more powerful connections for landlords, but that's generally geared towards large scale ongoing maintenance and construction.

Demand to see proof of insurance and licensing. Payment comes incrementally throughout the job, or at job completion on smaller ones, you are responsible for all material acquisition, and they are expressly prohibited from subcontracting in any way shape or form. If anything is poorly done, he fixes it at his expense, or he is barred from continuing to work. He gets one warning, and one warning only.

If you handle things properly, worst case scenario you are out some materials, and he doesn't get paid for some below grade labor. Trickle feeding the money is a good way to 'encourage' good work ethics. I personally spend a lot of money on my contracts, and if any contractor tries to argue I tell him to fuck off. My terms are fair, but I don't tolerate bad work ethic or shoddy work. You don't need to have fancy contracts, just make sure your contractor understands that he must do things well, or he's gone.

Sometimes you get burned a bit. It happens. If you are cheating taxes on it, it's probably not worth pursuing over a few hundred dollars.

good stuff

also when looking at insurance they should be insured for both liability ($5-$15 million in coverage is pretty standard), and for completed operations to at least the full value of your job. This is the coverage that protects you if someone gets killed working the job, or if they fuck it up and you're not happy.

>Be prepared to pay more for a contractor that can provide assurances they don't suck. We're not usually the lowest bidder, but that's because the lowest bidder isn't going to do the job you want.

Very true.

Good people cost money. Good people will save you money in the long run.

How do you know if a contractor is going to accept cash? You ask him beforehand?
Do the good professional ones also accept it, or it's just the shitty shady ones?

Or is 10k pretty much nothing and CRA is off chasing people that are withholding taxes for 100k's to mils?

Everyone takes cash unless they only handle large commercial work in closely regulated industries. Even then some still take it.

The best ones, and the shadiest ones, prefer cash because they are cheating taxes too.

all contractors accept cash in my experience.

I do about $20k per year in cash sales, but I also claim it and pay taxes on it. Mostly because if I don't claim income my business is worth less and it's harder to get credit.

but cash is fine for business.

I pay in cash if they offer discounts for it. I demand receipts though. Can't be bothered with the paperwork to deal with contractor liens, fraudulent or otherwise.

If we both get audited and the IRS figures it out, well it's their problem for cheating on taxes, not mine.

So if they accept cash and then report it, I'd still not have to report the expense myself, right?
Can I just pretend I never paid them, even if they reported it?

yeah, and cash alone doesn't guarantee the client won't 1099 you, so that knife cuts both ways.

no, when I report cash sales I don't tell the IRS where it came from. They don't know if one client paid me $20k or if 20k clients paid me $1.

>no, when I report cash sales I don't tell the IRS where it came from. They don't know if one client paid me $20k or if 20k clients paid me $1.
Ah I see, thank you.

What if for some reason the contractor gets audited and his paperwork reveals that I paid him that money in cash?

I think it'd be safe to assume that if they don't have it now, the IRS will have computerized system to automatically crosscheck things like this.

Is there a way to avoid this risk?

you just tell them the contractor never gave you the information needed to report the income.

You aren't actually breaking any laws afaik if you don't report your own spending. The IRS doesn't tax you (again) on the money you dump into your house. If anything you might be able to deduct it from your taxes in certain cases.

Pretty much.

You'd both have to be audited, and if there's no paper trail proving that he worked for you, it's hard for them to prove any connection. Maybe the neighbors will rat on you or something, but if you are even semi rural, nobody will admit to seeing anything, even if they actually did. Most contractors don't keep a good enough paper trail, so they'd never come knocking because of the contractors end alone anyways.

If you have one guy doing a ton of work, ask him for some receipts for some stuff. Maybe say you need to have them to get tax credits from the town or some vaguely plausible bullshit story. Now your argument changes from, "I've never seen him before" to "Oh yes sir Mr. Taxman. He did a few things for me. Very good work. I highly recommend him. Here are the receipts for when he did my bathroom, and put in those new stairs. Very nice work. Neat and square, and the stairs don't squeak at all. Oh and here's the one for when he did the framing around that double window upstairs that I couldn't do myself."

The best lies are shrouded in the truth.

I understand now, thank you very much.

There's so much shit in the life blood of the real estate and construction industries that it's literally impossible to sniff out the good from the bad. Everything reeks, even if it's totally on the level. It's mutually beneficial laziness. I won't tell if you won't. Oh you told on me? Well you must be full of shit. How about you prove it with my nonexistent records?

Since the status quo is borderline zero paperwork, and zero oversight, the IRS has very little to call your bluff with if you aren't very obviously living substantially above your means, by sinking huge amounts of phantom money into a house. Keep your house from looking like a mansion. Invest in quality. Don't buy flashy shit.

Oh, I knew there's a lot of shady stuff, but never thought it was the normal state of affairs.

Thanks for the info. Gonna keep it in mind for the future.

Lol are you from manitoba senpai? Me too.

Nvm see its BC

I'm lost.
I don't get what is happening here.
Can you explain it in one sentence or paragraph, or any other user?

This is to avoid what?
Property taxes?
I'm a Britbong, somaybe I'm ignorant,
But property taxes aren't much here really.
I don't get all the effort.

I hire contractors but say I'm doing the work myself? Buy high grade materials, fixtures, etc
But at less than what I claim?
They don't ask for a receipt for the materials?

Doesn't the cost of hiring the contractors outweigh any gain from avoiding other taxation?

I need cashflow from other properties first?
How do you not get taxed if living there?
Because you are positioned as a property developer, and it's all written off/rebated?

I have seen people upgrading and flipping properties, but often they do most, or some labour and as much as they can do DIY-wise, to save on the labour costs.

If I take a client to dinner, can I write off just my meal, or do I have to write off theirs too?

Is it a way of getting a 50% discount on both meals?

It's a simple way to avoid income tax. Not property tax. You can spend your 'dirty' money without it being obvious that it's dirty, and improve your living conditions without it being obvious.

Say you have your normal job, and you report all that income as normal. Now say you do something on the side and get paid an extra 25,000 in cash on the side. You can report that money and pay taxes on it, or you can be a tax cheat.

The problem with being a tax cheat is, how do you spend it? Anyone can just leave a pile of cash somewhere and only live on their taxed income. But buying shit with your untaxed money can draw attention. If you buy a 100,000 dollar car, and your income doesn't allow it, it's going to be suspicious. Spending it on improving your house doesn't look suspicious because it's not visible to anyone not living in the house, and there's no paper trail.

OK, I get it now, thanks.

I can see the upside, but a couple concerns -

1) surely the main advantage is the actual 2nd undeclared income, I get that you increase the value of that property as an asset, but surely you diversify some? A gold/silver/platinum coin collection in a safety deposit box?

2) if you get caught, that asset could be seized? Doesn't that leave you overexposed? (see 1)

3) would, say, a full marble bathroom be overkill? Like you said, it could be reclaimed stone from an auction, etc.

...then again, people expect home improvements and who keeps receipts for that stuff anyway?
And who's to say it wasn't there before?
I suppose it is more of a 'non-visible asset' that is low-key.

yeah, he's just talking about laundering money through a house.

the income would have to be small, there's only so much you can do to a house.

the points he's ignoring are:
1. the value of the house will go up regardless of the 'improvements' he makes
2. buyers probably won't appreciate his 'improvements' at all
3. things that increase the value of a house also increase the footage.
4. you don't want to own a house that's way nicer than your neighborhood, they're very difficult to sell.

All that aside, the astute businessman would quickly realize the person most able to launder money in this relationship is actually the contractor. Instead of dumping illegal gains into your house you'd be far better off starting a small contracting company to legitimize the income. But that requires paying taxes on it, and if that's your goal you could just pay taxes on it.

he also doesn't seem to realize the contractor pockets far more money than the IRS would.

it's not a case of you spend $5000 on an improvement and that improvement adds $5000 to your selling cost. Most of the money you spend goes right into the contractor's pocket.

with the IRS at least you get to keep most of your money. With a kitchen remodel you probably lose 90% or more of it. A bathroom with gold toilet seats is even less efficient, money-wise.

If you have the money for a full marble bathroom, you can afford a professional to hide your taxes. This is mostly geared towards people at or bellow upper middle class.

>...then again, people expect home improvements and who keeps receipts for that stuff anyway?

Exactly.

All valid points. That's why I recommended a house that's a bit of a fixer-upper. You can sink money into it for legitimate reasons. There's definitely limits to what you can bury in a house, but for low grade tax evasion, it definitely works.

>he also doesn't seem to realize the contractor pockets far more money than the IRS would.

That's not the point at all.

Would you rather report 100,000 in income, and buy a nice house, or report 75,000 in income, and pay a contractor to fix a house up. Either way you end up with the same house. The second means you aren't getting taxed on all of your income.

One way or another, you pay for the house. That's a sunk cost.

Okay, so what happens if you get the job, but you're completely lost with what they're telling you?

Did you get some kind of training to help with the job? This is amazing, just trying to wrap my head around it.

1 - are you implying value of real estate never goes down? Because it does.

2 - Meh, maybe they won't, but perhaps the surveyor/assessor/appraiser can be swung by quality, especially of pointed out to him?

3 - I don't get this, unless by 'footage' you mean something I don't understand. Do you mean the usable size? A balcony or juliette balcony adds considerable value, for instance, and in a city or town can add as much value as an extra room, if not more. It's hardly any footage though. Also, as I mentioned, marble or slate/stone bathroom, wall claddings, high-end wood flooring, granite or quartz/stone worktops in kitchen, solid oak units, add a lot of value without a size increase? My previous manager spent £25k on his bathroom alone.

4 - please explain. People choose an area for all kinds of reasons. Here in the UK, there is a 'Starbucks Effect' - Starbucks only opens new stores in areas being gentrified, but often they are ahead of the curve, so there is a self-fulfilling prophecy happening now - a new Starbucks adds £5-10k to the housing value within 200 yards, and gentrification accelerates as plebs get priced out.... there is a similar effect with Waitrose supermarkets here - mostly upper Class shoppers go there. Also a good school rating can add £15k+ likewise, a discount supermarket or betting shop can knock down the value. Hence, certain shops are blocked from opening in some areas.

For number 4, if you put your house substantially above the value of surrounding properties, it's generally hard to sell. A 500,000 dollar house surrounded by 100,000 dollar houses is going to be a hard sell, but a 500,000 dollar house surrounded by 350,000 dollar houses isn't uncommon. As you get more rural, this lessens a bit. One 5 acre lot can be entirely different than the one next to it.

For number 3, there are a lot of quality of life improvements that few people are going to give a shit about. Most people aren't going to care much about the electrical being stupidly overbuilt. They just want it to work. Most people don't care about all the drawers in their kitchen having whisper quiet bearings that you can lean on without breaking. They just want their drawers to not get stuck when they open them.

But hey, if you are going to live there a long time, why do you give a shit. The point is to get something that YOU want. Fuck what anyone else has to say about it.

source on picture?

There's no way to rule over innocent men. That's kind of the point. It's common for people to be forced into breaking laws on technicalities like this.

Dude nobody cares.

Worst case scenario you pay some back taxes and a fine.

Just don't make it blatantly obvious that you're evading taxes and literally nobody will care.

I linked it earlier -

Corporation, Property, Divorce
1.How do you protect you assets before marriage(advice to word out a prenup)
2. How do you protect assets if your already married.

Corporation is eligible for provincial government employee training incentives. Basically gets subsidized back. But I own the corporation obviously. Its not actually 100%. Its around 75% from my understanding.

BC.

Everything posted here is taken as pure fiction. Veeky Forums 101.

So I don't mind divulging what I do.

I work in the automotive industry. The business is shady as fuck as it is. There are so many loopholes and behind closed doors BS that take place at a dealership. Its legalized robbery in most cases. Never buy new cars.

For me though. I've been a commissioned salesperson my entire career. Started in telemarketing, then cold canvasing B2B products. Then took a dab in real estate and then finally cars.

So all the sales skills/people skills were transferable. What I ended up doing was getting 2-3 months of experience at a shit tier brand dealership. So that I could see how the business side of it works from the back end. Then fabricated my experiences through my company to land a sales manager job. Worked that job for 6 months and then went over to a luxury brand as a manager. Where I am still currently at today.

So to answer your question. Yes. I had some previous experience. Just enough to know how the CRM and sales programs worked. The rest I completely BS until I actually just learned on the job.

That's something that you need to ask a lawyer. Marriage turns things into a clusterfuck, and no place has the same laws.

Some locations are communal property. Some aren't. Some require separation before divorce if it's not an at fault divorce. Some just call all divorces no fault. It's a fucking mess.

Already mentioned man.

Cars go into corporations name. In Canadland what happens is that vehicles are "sold" to the corporation as they are signed over thus actually "owned" by the corporation.

So there your cars are protected.

Same thing with your house. Signed over as an income producing property in my case as I have people in the basement. I'm charged as property manager/caretaker. I don't "own" it.

Its very similar to those jobs you see out there where you are paid to live at a far out in the wilderness property as long as you take care of it. You don't own shit. So in the divorce the wife cant touch you.

Do those things BEFORE getting married.

If you are married currently. And you are acquiring more assets now. Or whatever the case may be. You could still do the same thing. Or if you have liquid assets. Hide it physically.

nobody does that odiot look up the laws before posting weird stuff

the IRS had more to work with than the FBI at that time. all the fbi could do really was take pictures of him and hope to catch him in the act. now the FBI has touch-dna, surveillance everywhere, insanely good fingerprinting, wires, bugs, and can definitely download everything youve ever done on your phone if they get a warrant for it.

I dont know much about taxes and have only filed them once. Im 19 and am currently getting paid under the table. However, I will inherit my fathers company in a few years and will have to do my taxes. He has it as an LLC but I was thinking a Corp was probably more in line with my goals. Seeing as I barely know my left foot from my right with taxes, could I pay a shady tax guy to write off almost everything in my life as something pertaining to my business?

An LLC is a corporation.
You don't have to do the taxes, who currently does them? You can have a lawyer who specializes in tax act as a treasurer, or just retain them to do your taxes once or twice a year.
Yes, there are 'dodgy' ones, but anybody you hire is going to be on your side.
There's no gain for them if you pay more tax,
But they know that everybody wants someone who will minimize what they have to pay.
The IRS doesn't have an incentive, or the resources, to help you pay less tax.
It's hard enough for them to enforce tax people should be paying.

Also, as a CPA/CFA explained to me, and is written in the tax code book itself - 'every citizen has a duty to avoid as much tax as possible.'
That surprised me, but it's written right there, in a huge book printed every year that nobody reads,
Except these guys.
I'll pay a guy whatever they want as long as I don't get taxed too much, or have to read through a book bigger than the fucking phone directory every year.
That's avoid tax, though, not evade.
Avoiding tax is structuring things to lower how much tax you are liable for,
Evading tax is not paying tax you are liable for.
It's a thin line between the two.

If you ask the IRS, they tend to prefer taxing anything you do, whereas if you ask a CFA, or tax lawyer, the answer is 'it depends' 99% of the time, because it depends not what you do, but how you do it. Most people, including the tax service themselves, don't understand the finer points.
I have been paid too much tax as a rebate, then had it corrected later - if they can fuck it up, what chance do you or I have?

This is another reason to hire someone else - plausible deniability. You may save money doing your own taxes, but you could be fined hundreds or more for being off by a few dollars, since you cost the IRS time. (funny how the IRS doesn't fine themselves or give you compensation automatically when THEY fuck up)

Also, every tax adviser I have spoken to agrees that regular people or self-employed professionals are more likely to be audited, and especially those who do their own taxes.

They are easy pickings, since they usually unknowingly make mistakes. They either don't know their tax liability, or they do, but try to pay what they think they should pay, since they get taxed up the ass anyway.

The next to get hit are the big fish, who may avoid tax for decades with complex structures, but suffer from their high profile and get made an example of (see Google, Amazon, Microsoft, Starbucks saga, especially here in the UK, who use Ireland to funnel profits and legalese to claim that UK sales don't 'originate' here, but in Ireland, which is spurious at best. The tax authorities position is the point of sale is not flexible, or movable)

You want to aim for a 'happy medium' of being under the radar, and apparently not very profitable.

I know this is a shitty example, but hypothetically, if you found $50 in the street, and you were liable for tax on that, would you tell anyone?

I think 99.9% of people would claim 'finders keepers' or 'fuck that shit nigga' regardless of the tax laws. And the other 0.01 is an idiot.

That's like giving the hangman the rope to hang you with.

I always think of that bit in an episode of The Simpsons when Lisa convinces Marge to be honest about everything. While shopping with Lisa, Marge eats a grape on display. Lisa says that's stealing and begs Marge to pay for it. So Marge asks the cashier to charge her for it.
The cashier replies 'oh, you ate A GRAPE? Who cares?' and Marge insists, so he has to get a price check. 'can I get a price check on a grape? Yeah, that's right, a lousy, stinking grape' - it's more fucking effort than it's worth. It took two employees a few minutes to charge $0.01 cent, which probably cost the supermarket $0.20 cents or whatever.

That sums up my tax 'philosophy'.
Feel free to disagree.

and know that the Church of Scientology took down the IRS. Everything is beatable

Tax evasion is like the speed limit on a highway. No one is going to pull you over going 66 in a 65 in good conditions. Go over 80 and if they find out theyll pull you over.

Taxation is theft, evading is simply protecting what belongs to you from the largest, most powerful and aggressive mafia that exists, the state.

I still don't understand this mindset. I'd rather pay for social services and have a society stable enough that people are capable of paying me money.

Put it another way. I'd prefer taxes over anarchy.

>implying the state isn't just a piece of the international puzzle

Yes, but it is telling that the first income taxes were raised so countries had a war chest -funds for war.

Also, the state has pushed the boundaries and added new taxes or raised them via stealth tax almost year on year.

Also, taxes should be on wages, salary and capital gains, not all income, which is stretching the legal definition.

Double taxation, or taxing every good and service is only legal on spurious grounds.

There is even a movement which has ex-IRS employees who resigned on board.

You can look this up.
Suggest Aaron Russo's documentary on youtube.
I don't care what some say about his other opinions or political beliefs.

He continually questions IRS employees oj these matters, and eventually gets the head of the IRS on film for an interview, and he asks him about double taxation, and other stealth taxes, and says The Supreme Court investigated these complaints and deemed these taxes illegal.
The IRS guy says, and I quote 'I know they said that, but who cares what they think?'

Aaron asks him how he can say that, the Supreme Court has authority over the IRS.

The IRS guy then tries to avoid the question, but doesn't retract that statement, then abruptly ends the interview and leaves.

The IRS is supposed to be a service, as the name implies, but increasingly acts like a federal LEA, with ever wider powers.

Especially in the US, where they can seize or impound any goods, property, or money without evidence, and they have and do.

Civil asset forfeiture isn't a problem exclusive to the IRS, and the IRS at least isn't going to do it without some good reason to do so.

I'd be far more worried about small town cops stealing shit. I've had small town cops try to steal 80,000 in equipment for 'illegally parking' and other dumb stuff. That incident is why all of my company vehicles, trailers, and heavy equipment have GPS trackers welded to their frames now.