WTF humiliated by new California Law!

[WTF]

Originally Posted by bambino

I never did. But I was the GC for my last house. It’s not that hard if you use quality sub contractors.

According to friendly fred and Wacko.....those were your employees!

[bambino]

Originally Posted by WTF

According to friendly fred and Wacko.....those were your employees!

Nah, but if you paid them cash the price was lower.

[Hotrod511]

Originally Posted by WTF

According to friendly fred and Wacko.....those were your employees!

this is really WTF

[WTF]

Originally Posted by bambino

Nah, but if you paid them cash the price was lower.

So let me get this straight so we're sure (For Wacko and ff benefit)…. say you had a Roof that was going to cost 150k , do you think it would be smart to pay in cash. Let's put aside the fact that people do not carry around 150k ….let us just focus on say the warranty.

Do you think with no contract to prove you'd paid for the roof that the roofing contractor would honor a warranty?

So think just for a second....you wanted to buy a 2 brand new million dollar house but the person selling it would not provide any warranties. Would you buy it?

So while maybe someone building a home for their own pleasure may want to do a one time cash payment of say a painter to save money....you wouldn't want to do that on a foundation or framing or roofing or ac or any other number of items.

Like I have tried to tell ff and wacko....they are talking out their ass about something they clearly know nothing about to the trained eye.

Kinda like folks on here act like they understand politics. If you think both sides are not crooked , you do not know shit about politics.

But that aside...freindlt fred and wacko do not know shit about homebuilding or contract labor for that matter.

[friendly fred]

Originally Posted by WTF

So let me get this straight so we're sure (For Wacko and ff benefit)…. say you had a Roof that was going to cost 150k , do you think it would be smart to pay in cash. Let's put aside the fact that people do not carry around 150k ….let us just focus on say the warranty.

Do you think with no contract to prove you'd paid for the roof that the roofing contractor would honor a warranty?

So think just for a second....you wanted to buy a 2 brand new million dollar house but the person selling it would not provide any warranties. Would you buy it?

So while maybe someone building a home for their own pleasure may want to do a one time cash payment of say a painter to save money....you wouldn't want to do that on a foundation or framing or roofing or ac or any other number of items.

Like I have tried to tell ff and wacko....they are talking out their ass about something they clearly know nothing about to the trained eye.

Kinda like folks on here act like they understand politics. If you think both sides are not crooked , you do not know shit about politics.

But that aside...freindlt fred and wacko do not know shit about homebuilding or contract labor for that matter.

You could have a a fucking contract for the roofing job and still pay in cash genius.

You could pay by check to your "contractors" and that doesn't change their employment status.

[bambino]

Originally Posted by WTF

So let me get this straight so we're sure (For Wacko and ff benefit)…. say you had a Roof that was going to cost 150k , do you think it would be smart to pay in cash. Let's put aside the fact that people do not carry around 150k ….let us just focus on say the warranty.

Do you think with no contract to prove you'd paid for the roof that the roofing contractor would honor a warranty?

So think just for a second....you wanted to buy a 2 brand new million dollar house but the person selling it would not provide any warranties. Would you buy it?

So while maybe someone building a home for their own pleasure may want to do a one time cash payment of say a painter to save money....you wouldn't want to do that on a foundation or framing or roofing or ac or any other number of items.

Like I have tried to tell ff and wacko....they are talking out their ass about something they clearly know nothing about to the trained eye.

Kinda like folks on here act like they understand politics. If you think both sides are not crooked , you do not know shit about politics.

But that aside...freindlt fred and wacko do not know shit about homebuilding or contract labor for that matter.

You’ve obviously never dealt with sub contractors. Cash is king. There are two bids..If you don’t know that you’re lying.,As usual.

[WTF]

Originally Posted by friendly fred

You could have a a fucking contract for the roofing job and still pay in cash genius.

.

Really....so you would do something illegal and get a contract for it? You'd pay a roofing company a 100k in cash?

Originally Posted by friendly fred

.

You could pay by check to your "contractors" and that doesn't change their employment status.

YOU ALMOST UNDERSTAND...The plumber you hire, the roofer you hire has the employees. Not you.

Originally Posted by bambino

You’ve obviously never dealt with sub contractors. Cash is king. There are two bids..If you don’t know that you’re lying.,As usual.

Large subcontractors do not do that. You don't pay a large roofing company a 100k in cash. Do you think if you get audited by the IRS that they will believe that the roof was free? That the house cost nothing to build?

[lustylad]

Originally Posted by WTF

Large subcontractors do not do that. You don't pay a large roofing company a 100k in cash. Do you think if you get audited by the IRS that they will believe that the roof was free? That the house cost nothing to build?

You're not making sense. You would expense the payment whether you pay by cash or check, because you want to minimize your tax liability. The one with the potential IRS problem is the subcontractor, assuming he failed to declare it as income/revenue.

I agree that larger subs are less likely to accept "under the table" cash payments for their work. That's why you dealt with the small guys, right? They would pass along part of their tax saving in the form of a lower bid price.

[The_Waco_Kid]

WTF is an illegal alien in the United States, illegally employing illegal aliens in the United States and therefore is an illegal employer in the United States.


BAHHAHHHAAAAAAAAA

[The_Waco_Kid]

[oeb11]

See The Socialist State of Kalifornia - Above!

[friendly fred]

Originally Posted by lustylad

You're not making sense. You would expense the payment whether you pay by cash or check, because you want to minimize your tax liability. The one with the potential IRS problem is the subcontractor, assuming he failed to declare it as income/revenue.

I agree that larger subs are less likely to accept "under the table" cash payments for their work. That's why you dealt with the small guys, right? They would pass along part of their tax saving in the form of a lower bid price.

That is exactly why he does it and everyone knows about his sad scheme.

[WTF]

Originally Posted by lustylad

You're not making sense. You would expense the payment whether you pay by cash or check, because you want to minimize your tax liability. The one with the potential IRS problem is the subcontractor, assuming he failed to declare it as income/revenue.

.

And I'm the one making no sense?

So a subcontractor would risk running afoul of the IRS by giving you a receipt of a cash 100k dollar roof that he did not properly document.

Do you know how many red flags it would raise withdrawing and depositing such large sums of money?

You three numbnuts are trying to put your square narrative into the round hole of reality.

Ask bambino if he has ever felt a square finger

Originally Posted by lustylad

I agree that larger subs are less likely to accept "under the table" cash payments for their work. That's why you dealt with the small guys, right? They would pass along part of their tax saving in the form of a lower bid price.

On million dollar homes....they are all large payments. Foundation , large sum. Framers, large sum of money. Plumber, large sum. Stucco/brick again large sum , Flooring large sum, Painters definitely large sum.

None you would pay in cash. You would have to be in cahoots with these guys and you do not know them that well.

Sure....if you were having your house repainted you may pay cash to some local yahoo to save a few bucks....but not when you are trying to sell million dollar houses.

[WTF]

[bambino]

Originally Posted by lustylad

You're not making sense. You would expense the payment whether you pay by cash or check, because you want to minimize your tax liability. The one with the potential IRS problem is the subcontractor, assuming he failed to declare it as income/revenue.

I agree that larger subs are less likely to accept "under the table" cash payments for their work. That's why you dealt with the small guys, right? They would pass along part of their tax saving in the form of a lower bid price.

That’s correct. Partially anyways. The big owners will take a little chattle for walking around money. But even the larger subs would take a partial payment in cash. My excavator/foundation and plumber did.