Quote:
Originally Posted by Lester Krinklesac
You don’t have to say they are fake companies, if a person uses them, they are not employed there, it is fraud and illegal.
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If someone calls to confirm employment, and found out that they were not employed there, the information is required to be submitted to the authorities. When it makes the way back to the IRS, you will get a visitor asking where is the withheld tax shown on the check stub? BAD NEWS!
LongLeggedLexi
This is to help those in need. no offense. all my businesses are on google. Never said it was fake companies. you may not ever need this but a whole lot of girls may and it works if you do it right.
"...all my businesses are on google" doesn't mean crap, and you know it. Being on google doesn't make it a business. It doesn't make it anything. Get you head out of your ass, please.
A business must be registered with the Secretary of State where you are doing business.
Sorry Lexi, but you are just stupid and heading for more trouble than you can imagine. Just like most people in the "personal entertainment" business, sooner or later, you will have to: close up shop, change your name again, get a different phone, move to another town, try to disappear from your past as you run from town to town, and find yourself lonely and alone without the family and friends you had to leave behind while you were on the run.
You have created false documents, and declared that you have made tax payments for monies you paid to these girls. The most common reason a company goes out of business is because they have not paid the taxes withheld from payroll. That is also the first thing all tax authorities look for. Guess what, you now owe the taxes on all of those fake pay stubs, plus penalty and interest; with possible jail time.
I have been audited four times, once by the Feds and three times by the state. All four times
the first thing requested were the records for payroll, and how the withholding tax was paid. When I handed the books from the payroll service to them, they didn't even look at them because I was using a nationally recognized payroll service.
They want the money that they think belongs to them, and one way or another they will get it.
You want to be in business, or just make a few dollars on the side selling your pussy. Don't want to do a lot? Just make a few dollars? OK.
1. Look up a schedule C for reporting other income for your 1040.
2. Register a fictitious name, on line is OK, with the Secretary of State where you do business. That ties the name to you: if you get a complaint, such as you stole money from a customer, the state will know how to find you. So if you want to act like a thief, then you have to go on hiding from everyone. If you want to look at this as a professional doing a service that is needed and useful, then your pussy has value.
3. What are you going to call yourself? It doesn't have to be obvious as in Gloria's Golden Pussy. The name can be anything you want. The point is that government can find you, and you follow their rules about paying taxes for the privilege of having money that is clean to use: such as getting an apartment or buying a car (in the company's name as an expense).
4. With the documents for a fictitious name, you can now go to a bank and open an account that has your real name for the bank, and the fictitious name for the public to see. You can now call yourself "Mary's Massage Studio", or whatever you want. (MMS is a little to obvious) Have your checks printed, and get a credit card in the fictitious name. Set up a totally separate checking and savings account in your name only to keep the business and personal funds in separate accounts. What is yours, is yours, because minus expenses the taxes have been paid.
5. Pay all expenses with the credit card, a check, or a bank transfer out of the business account. Use the business bank account to pay the company credit card. This is to document expenses. I know how much hotel/motel bills are. This is a business expense, along with the use of the car for operating a business.
6. Hire an accountant to create the payroll checks. Now you have a check stub that is a true payroll check stub.
7. Have the accountant submit the taxes on every payroll, on time, and without errors. I mentioned Paychex because they can do it for one person.
8. Use the accountant to document all receipts and expenses for your income tax.
9. Got a girlfriend who is too lazy, or too stupid, to go through the effort to set this up. Take her on as an employee of "Mary's Massage Studio". Deposit the money she collects into the bank account, and pay her with a check, or direct deposit with a check stub.
Gone are the days when a business can collect an extra $200 and the owner stick it in the pocket for his own use. EVERY CENT SHOULD BE DEPOSITED INTO THE BUSINESS ACCOUNT. Do not mix personal funds and business funds.
I could keep on writing about the difference between a fictitious name, an S corp, an LLC, or a C corp. But you get the idea, you can start with just a schedule C. Without employees you are small enough that the company will make very little money, if any. The purpose is to convert the money to taxable income to get the tax submitted. That is what is required of every business. Paying cash for services rendered as a way to avoid taxes is a possible prison sentence. Paying cash with a record, and tax paid is much different.
Good Luck
My Bio Page - Illiniois - Chicago
Income verification and check stubs
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