Hang on Sloopy
Diamond Member
- Jul 12, 2015
- 20,793
- 28,098
- 2,288
- Banned
- #1
Let's use a simple transaction and see the nightmare ensue.
Matilda buys a car through an estate for 2k. She withdraws from her bank.
Well 6 months later her friend Gertrude liked the car and bought it from Matilda for its true value of 5k. Matilda deposits the 5k in bank
Well Agatha the IRS agent sends a letter 2 yrs later asking Matilda there is a 3k positive offset and where did it come from????
She says she bought a car and flipped for 3k. Agatha ends the call. 3,000 dollar income gain
Agatha calls Clementine in the fraud dept and reports Matilda for IRS fraud
Clementine looks at Matilda and sees her political affiliation and does one or 2 things
Matilda is a Trump supporter. Clementine sends a warrant for Matilda to be immediately jailed and the maximun penalty of 5 yrs
Matilda is a Obama lover and the case is closed immediately, nothing owed
See where this is going?
Matilda buys a car through an estate for 2k. She withdraws from her bank.
Well 6 months later her friend Gertrude liked the car and bought it from Matilda for its true value of 5k. Matilda deposits the 5k in bank
Well Agatha the IRS agent sends a letter 2 yrs later asking Matilda there is a 3k positive offset and where did it come from????
She says she bought a car and flipped for 3k. Agatha ends the call. 3,000 dollar income gain
Agatha calls Clementine in the fraud dept and reports Matilda for IRS fraud
Clementine looks at Matilda and sees her political affiliation and does one or 2 things
Matilda is a Trump supporter. Clementine sends a warrant for Matilda to be immediately jailed and the maximun penalty of 5 yrs
Matilda is a Obama lover and the case is closed immediately, nothing owed
See where this is going?
Last edited: