Reply To: Kyle Rittenhouse

Home Forums Decaffeinated Coffee Kyle Rittenhouse Reply To: Kyle Rittenhouse

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Abba_S
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The concept is fairly simple your business on paper is owned by a trusted confident. Utilities and car leases, mortgage payments and micelanous expenses are paid by the business. in the name of the bussiness. Since all your expenses are being paid by the business you might be able to servive on $14.000.00 walking around money
I am not advising anyone to go on government programs that they ae not entitled to. That said the chance of getting caught are slim to none.
The IRS is more likely to catch you because you are for example living a $100,000.00 life style on a $10,000.00 salary. But since nothing on paper is in your name(such as cars, ownership of the business or houses) it will be hard to prove you are actually living that life style. As a general rule the IRS doesn’t audit the poor they usually audit the rich and upper midle class,