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imported_Tomato

Diamond Member
Sep 11, 2002
7,608
0
0
Originally posted by: kranky
I see no problem with turning the guy in for the 10%. He seems to enjoy the fruits of free enterprise, he shouldn't be surprised when someone else does the same. He knows he's cheating and apparently he's OK with you and everyone else paying taxes to make up for him.

Keep in mind that the the more information you can provide to the IRS, the more the reward. In other words, you can't just turn in a list of 10,000 people and if you made a lucky guess you get the money. You have to give them enough information to give them a reason to investigate.

Would carrying a recording device on me and instigating further conversation on the topic be considered entrapment? I wouldn't imagine that'd be permissable in a court of law.

Peace,
Dezign
 

imported_Tomato

Diamond Member
Sep 11, 2002
7,608
0
0
Originally posted by: Cuda1447
Originally posted by: Dezign
Originally posted by: Millennium
Oh BTW, you realize if you turn him in your are entitled to a certain percentage of the backtaxes he owes.

:Q:Q:Q:Q:Q:Q

Whoa. Wasn't aware of that. How does that work?

Peace,
Dezign

Don't even do it. You may not agree with him, still don't turn him in. If he is your true friend, then just let him be, or perhaps mention something to him. If you turn him in for the reward you are just as greedy as him.


On a side note: If by chance he is doing this legally, then I admire him and commend him. Nice work shady fella.


He's a new friend. I've known him for about a month now.

Peace,
Dezign
 

bolido2000

Diamond Member
Dec 3, 2001
3,720
1
0
Originally posted by: Dezign
Originally posted by: Cuda1447
Originally posted by: Dezign
Originally posted by: Millennium
Oh BTW, you realize if you turn him in your are entitled to a certain percentage of the backtaxes he owes.

:Q:Q:Q:Q:Q:Q

Whoa. Wasn't aware of that. How does that work?

Peace,
Dezign

Don't even do it. You may not agree with him, still don't turn him in. If he is your true friend, then just let him be, or perhaps mention something to him. If you turn him in for the reward you are just as greedy as him.


On a side note: If by chance he is doing this legally, then I admire him and commend him. Nice work shady fella.


He's a new friend. I've known him for about a month now.

Peace,
Dezign

Sure he wasn't drunk or stoned?
If he is smart enough to pull this off he is smart enough to not tell something that can get him in jail to someone he has just known.
 

StageLeft

No Lifer
Sep 29, 2000
70,150
5
0
Just wanted to get this off my chest... I don't want to be the b!tchy whistleblower because it's not my place, but it really annoys me that some people are able to get away with things like this while the rest of us pay our dues and pick up their slack.
Actually it is, since the police (or IRS) can't be everywhere at all times. If somebody is not paying taxes because they're so poor they can barely feed their kids you won't find me telling on them but a guy this rich driving an Escalade man I'd call IRS in a second and I'm not kidding. This piece of sh*t deserves to go to jail. Taxes aren't a game to be played and "won". The less he pays the more you and I have to pay in police, fire departments, road work, military, etc. What a sh*t bag! Like I said doing it when you're down on your luck is one thing (and I'm not condoning that out right), but this is just inexusible.
 

imported_Tomato

Diamond Member
Sep 11, 2002
7,608
0
0
Originally posted by: Vic
Originally posted by: NightTime003
obvious troll...
Agreed.
btw, as a current mortgage loan officer and former underwriter who has looked at literally thousands and thousands of tax returns, I can attest that there is a legal way to get out of paying income taxes. It's called being self-employed (along with extremely creative). Business expenses and re-investments become legitimate write-offs. Balancing profit with costs, re-investment, and depreciation equals zero net income which equals zero taxes owed.
Hey, don't knock it offhand. First, these guys pay for it in interest rates, let me tell ya. Second, small business is what really keeps the American economy moving, so the government provides enough loopholes to stimulate people into taking the risks in order to acheive the rewards.

While that may not be the actual case here, I also don't have a lot of trust in Dezign's intelligence in these matters so I will reserve judgement.


He is self-employed, and inredible smart/creative.

Peace,
Dezign
 

StageLeft

No Lifer
Sep 29, 2000
70,150
5
0
Originally posted by: Dezign
Originally posted by: Vic
Originally posted by: NightTime003
obvious troll...
Agreed.
btw, as a current mortgage loan officer and former underwriter who has looked at literally thousands and thousands of tax returns, I can attest that there is a legal way to get out of paying income taxes. It's called being self-employed (along with extremely creative). Business expenses and re-investments become legitimate write-offs. Balancing profit with costs, re-investment, and depreciation equals zero net income which equals zero taxes owed.
Hey, don't knock it offhand. First, these guys pay for it in interest rates, let me tell ya. Second, small business is what really keeps the American economy moving, so the government provides enough loopholes to stimulate people into taking the risks in order to acheive the rewards.

While that may not be the actual case here, I also don't have a lot of trust in Dezign's intelligence in these matters so I will reserve judgement.


He is self-employed, and inredible smart/creative.

Peace,
Dezign
Well either he's breaking the law or isn't. If you really want to do the right thing you can call the IRS, or otherwise let him ride on the backs of those with less money. Your call!
 

imported_Tomato

Diamond Member
Sep 11, 2002
7,608
0
0
Originally posted by: bolido2000
Originally posted by: Dezign
Originally posted by: Cuda1447
Originally posted by: Dezign
Originally posted by: Millennium
Oh BTW, you realize if you turn him in your are entitled to a certain percentage of the backtaxes he owes.

:Q:Q:Q:Q:Q:Q

Whoa. Wasn't aware of that. How does that work?

Peace,
Dezign

Don't even do it. You may not agree with him, still don't turn him in. If he is your true friend, then just let him be, or perhaps mention something to him. If you turn him in for the reward you are just as greedy as him.


On a side note: If by chance he is doing this legally, then I admire him and commend him. Nice work shady fella.


He's a new friend. I've known him for about a month now.

Peace,
Dezign

Sure he wasn't drunk or stoned?
If he is smart enough to pull this off he is smart enough to not tell something that can get him in jail to someone he has just known.

Not stoned, but the first time we went out he offered me some of the "finest soil-grown, all-organic Afghan Mary Jane" as a parting gift. The most interesting first-outing present I've ever received from anyone. I dunno, I think he likes me but I'm just down for friendship.

Peace,
Dezing
 

imported_Tomato

Diamond Member
Sep 11, 2002
7,608
0
0
Originally posted by: Skoorb
Originally posted by: Dezign
Originally posted by: Vic
Originally posted by: NightTime003
obvious troll...
Agreed.
btw, as a current mortgage loan officer and former underwriter who has looked at literally thousands and thousands of tax returns, I can attest that there is a legal way to get out of paying income taxes. It's called being self-employed (along with extremely creative). Business expenses and re-investments become legitimate write-offs. Balancing profit with costs, re-investment, and depreciation equals zero net income which equals zero taxes owed.
Hey, don't knock it offhand. First, these guys pay for it in interest rates, let me tell ya. Second, small business is what really keeps the American economy moving, so the government provides enough loopholes to stimulate people into taking the risks in order to acheive the rewards.

While that may not be the actual case here, I also don't have a lot of trust in Dezign's intelligence in these matters so I will reserve judgement.


He is self-employed, and inredible smart/creative.

Peace,
Dezign
Well either he's breaking the law or isn't. If you really want to do the right thing you can call the IRS, or otherwise let him ride on the backs of those with less money. Your call!

I'm definitely one of those with less money. *sigh* I just wouldn't want it to get traced back to me... he has some very influential friends.

Peace,
Dezign
 

Zebo

Elite Member
Jul 29, 2001
39,398
19
81
Not that smart if he's runnin his mouth to you or anyone else about NOT paying taxes. It's a leek you may be terminated or he may be full of it or just plain dumb.
 

Mill

Lifer
Oct 10, 1999
28,558
3
81
Originally posted by: Dezign
Originally posted by: kranky
I see no problem with turning the guy in for the 10%. He seems to enjoy the fruits of free enterprise, he shouldn't be surprised when someone else does the same. He knows he's cheating and apparently he's OK with you and everyone else paying taxes to make up for him.

Keep in mind that the the more information you can provide to the IRS, the more the reward. In other words, you can't just turn in a list of 10,000 people and if you made a lucky guess you get the money. You have to give them enough information to give them a reason to investigate.

Would carrying a recording device on me and instigating further conversation on the topic be considered entrapment? I wouldn't imagine that'd be permissable in a court of law.

Peace,
Dezign

Entrapment is a justication defense when a defendant is deceived into wrongdoing. This only works if a defendant who is not predisposed to committ a crime is enticed or coerced into committing a crime that they normally would not do. Entrapment has NOTHING to do with your friend's case.
 

imported_Tomato

Diamond Member
Sep 11, 2002
7,608
0
0
Originally posted by: Millennium
Originally posted by: Dezign
Originally posted by: kranky
I see no problem with turning the guy in for the 10%. He seems to enjoy the fruits of free enterprise, he shouldn't be surprised when someone else does the same. He knows he's cheating and apparently he's OK with you and everyone else paying taxes to make up for him.

Keep in mind that the the more information you can provide to the IRS, the more the reward. In other words, you can't just turn in a list of 10,000 people and if you made a lucky guess you get the money. You have to give them enough information to give them a reason to investigate.

Would carrying a recording device on me and instigating further conversation on the topic be considered entrapment? I wouldn't imagine that'd be permissable in a court of law.

Peace,
Dezign

Entrapment is a justication defense when a defendant is deceived into wrongdoing. This only works if a defendant who is not predisposed to committ a crime is enticed or coerced into committing a crime that they normally would not do. Entrapment has NOTHING to do with your friend's case.


Thank you for the clarification.

Peace,
Dezign
 

StageLeft

No Lifer
Sep 29, 2000
70,150
5
0
I'm definitely one of those with less money. *sigh* I just wouldn't want it to get traced back to me... he has some very influential friends.

Peace,
Dezign
Oh well.
 

tk149

Diamond Member
Apr 3, 2002
7,253
1
0
Screw the Freeloader.

From moneycentral.msn.com: (Scroll down about halfway)

Anyone who provides information that leads to the detection and punishment of any violation of the tax laws may be eligible for a reward (except for federal workers who get the information in pursuit of their duties). However, don't think this is the path to riches. Since 1960, only about 8% of filed claims have resulted in rewards.

How to claim a reward
IRS Publication 733 details the regulations for claiming a reward. You must complete Form 211, Application for a Reward for Original Information, which can be requested from the IRS by calling (800) TAX-FORM. Neither document is available on the IRS Web site. Your information can be delivered personally to any IRS office, or in writing to:

Head of the Criminal Investigation Division
Internal Revenue Service
Washington, DC 20224

If a recovery is made as a direct result of information you provided, you may qualify for a reward of 15% of the amount recovered including taxes, fines and penalties, but not interest -- with a maximum payment of $2 million.

If your information was valuable, although not specific, in determining liability, you may be rewarded with as much as 10% of the amount recovered, again with a $2 million cap.

If your information was the originating cause of the investigation, but had no direct relationship to the determination of tax liability, the reward is 1% of the amount recovered, again with that $2 million limit.
 
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