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/biz/ - Business & Finance

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1124861

Anonymous Fri Mar 4 20:24:11 2016 No.1124861 [Reply] [Original]

Why exactly can't you just declare most of your income as a "gift"?

>>	Anonymous Fri Mar 4 20:32:56 2016 No.1124875 >>1124861 1. gift services to employer 2. receive gift money in exchange 3. ????? 4. profit, literally.

>>	Anonymous Fri Mar 4 20:33:28 2016 No.1124877 >>1124861 If the "gift" was in exchange for services rendered, the IRS will treat it as income. They can be pretty mean about it, too, from what I've heard. If you did absolutely anything in exchange for the gift, they'll say it was income.

>>	Anonymous Fri Mar 4 20:40:36 2016 No.1124884 It can't be a gift because they sent a W2 to the IRS for it

>>	Anonymous Fri Mar 4 21:23:05 2016 No.1124936 File: 107 KB, 838x908, b.jpg [View same] [iqdb] [saucenao] [google] >pay all your employees gift money >Pay them 1 hr on the book salary a week, so that if an investigator comes in and catches them working, claim it was during their 1 hr paid time

>>	Anonymous Fri Mar 4 21:25:03 2016 No.1124938 >>1124936 D E V I L I S H