Pete I like to be on the level. When I make a 100 grand in a year, that was what I declared. But that attitude got changed by the powers that want to be. They can play whatever they want as long as they stay of my turf and do it without my money.
a friend of mine about lost his shirt when he left the army to go back to farming.
he made 19K for the year and owed most of it in taxes.
the attorney who does most of the larger business filings in the county said here is what you need to do. I will file you extensions ,sell everything you can you need to pay your current tax bill.
he sold a lot of hay every bail he could make and bailed for others.
then the tax guy said ok you need to buy your dad out of the farm
what ? with what money? I just sold all the hay I could make to pay taxes.
yup your buying him out one payment at a time.
and you own the house? yes I own the house. well the farm is going to leased it from you. it needs windows and a new furnace the farm can't waste money on fuel.
your a dairy farm right ? yes , so your need to be there all the time encase you have to calf or have an issue? yes
well the farm can pay for 2/3 of your groceries. the farm needs a truck it will buy yours your wife keeps her car for family needs.
my friend didn't understand how this could be legal the attorney assured him it both was legal and it was how all the larger businesses were doing it.
a year later his wife asked are you sure this is legit we have never lived so well.
he farmed like that 20 years then retired selling to his nephew who pays him payments much like he paid his father to purchase the farm one month at a time.
it is a rigged system. if you work for cash under the table you can get in trouble tax evasion and fines you can loose your property. however if you play by their rules and keep the LLC your legal and protected . the way you must look at it is your not cheating anything your denying the enemy material support while keeping within their legality and away from the enemy at the same time.
deny the enemy material support without , painting a target on yourself.
make sure Mad Max is paying every dime it can toward your retirement , all profit sharing. every meal when you are away from home and a daily steepen while on the road.
I understand the honer of being on the level
however if you use the camouflage provided you can deny material support without the potential negative consequence.