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Originally Posted by warlock5
Apparently you never heard of forensic accounting.
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Sure I have. Forensic accounting requires there to be forensic evidence to examine. What I posted shows you how to minimize and depending on how far you want to go, eliminate such things.
Quote:
Originally Posted by L-Pink
You said not to declare any winnings not on a 1099 but to declare your losses..
What IRS agent is going to believe you never had a winner under $1,500. at a racetrack or slot machine? You're a lifestyle audit waiting to happen.
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You can declare a few here and there to make it look legit. Pad your expenses, pad your deductions, report as little income as possible. The three steps to avoiding lots of taxation.