Is this an indicator of Tax Evasion?
Wednesday, February 18th, 2009
If a business:
1.) Operates to provide one type of service but has eight different incorps and llc’s to the same place of business…
2.) Has four postal addresses for one location….
3.) Spouse on payroll making excess 10K a month but knows NADA about business…
4.) Has millions of dollars in equiptment but lists them as assets for one of said holding companies listed above…
5.) Sells Inventory for cash
6.) Spouse has cleaning business making excess 75K a year with employees on OTHER spouses payroll and cleaning business has no EIN or history of tax payments..EVER.
7.) Claims boats and luxury travel as business expenditures (personal in nature)
Well I guess of course it’s not legit but could someone explain the reasoning behind the moving of assets to useless corps, spouse on payroll and so on? I am interested in knowing what benefit they are getting out of doing this. Why all the different addresses? Thanks Guys (and Gals)
Okay, P.S. It’s MY employer…..
