It's not the amount of money you have that's unreported that will gets the IRS attention. It's when you try spending that wealth. Sure I could have 3 million dollars in unreported revenue in some offshore bank account easy. But when I go to buy a house with it not only will taxes be required on the house but the IRS is now asking "wait a minute, he bought a 3 million dollar house (in which he legally paid his taxes on) but where TF did he get the 3 million?) In the words of saul goodman "if they can get capone they can get you"
So what your saying is don’t get the IRS’s attention by not buying expensive stuff that require the IRS & if I become self employed I can really fly under the IRS’s radar
@@bakerm.you could, but you can't buy house or vehicle now, or spend lavishly for that matter. Technically you could build your own house, but you can't own a car neither can you buy a land.
@@azhariarif or live with modest means,except when its come with secrecy and anonymity of cash. ie, don't buy an expensive house,buy expensive groceries instead.
@@user-ti9or6qx4i the gas tax pays for road repair. 911 calls? What??? 911 is a LOCAL SERVICE. Your federal income tax has nothing to do with whether anyone answers a 911 call.
@@user-ti9or6qx4i the video is referring to the IRS which is federal, which means YOU are the Dumb Ass!! And 911 is still a LOCAL service that is paid for by taxes on your phone service, which has NOTHING to do with paying Federal Income taxes to the IRS!! So before you make asinine comments on this subject, either use your brain or donate your brain to Charity!!!
I appreciate the existence of tax breaks but navigating loopholes feels dangerous. How can I ensure I'm taking advantage of tax-advantaged investment structures without potentially encountering unintended consequences?
Loopholes can be tricky, but there are plenty of proven tax-advantaged structures. IRAs and employer-sponsored retirement accounts are great options. You can also explore tax-efficient investment vehicles like municipal bonds or index funds. These offer benefits like tax-deferred growth or tax-exempt interest. Talk to your financial planner about these options.
Yeah, planners could make a lot of difference, particularly in a market such as this. Bonds are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2020, and I return at least $30k ROI, and this does not include capital gain.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Thank goodness you brought this up! Truly, investing has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life. Currently earn as much as 10 grand weekly and this has improved my financial life. Great piece!
Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!
Best life changing advice is to pick a good financial mentor and let them guide you towards wealth. This really saves you from loss and time wasting. I am glad I know Olivia Sullivan.
The guy in the video is correct. The ONLY way the IRS knows how much money you make is if you tell on yourself by filing a 1040 tax return, or if you sign a W-4 or W-9 and the IRS receives W-2's or 1099's. There is NO LAW that requires Americans to sign W-4's or W-9's. There is no law requiring Americans to have or use a Social Security Number to earn a living. There is no law requiring Americans earning income within the 50 States to pay federal income taxes. The income tax is a hoax! So if you stop using your SSN to earn a living, you can live an income tax free life and the IRS will have no idea how much money you are making! And you would be following the tax laws! The IRS are the ones violating the Internal Revenue Code when they try to extort Americans for an income tax that we don't even know! American businesses need to wake up and learn the truth about Social Security Numbers and tax withholding!
@@thegamsta7133 I agree that there is such thing as the "federal income tax." The question is who owes the tax? Who is the income tax imposed on? The income tax is indeed found in Subtitle A of the Internal Revenue Code. The federal income tax is a foreign tax. The federal income tax is imposed on the income of Non-Resident Aliens earning income within the United States per 26 USC 871(a) and US Citizens earning income outside the United States per 26 CFR 1.861-8 (f) which is titled "26 CFR § 1.861-8 - Computation of taxable income from sources within the United States and from other sources and activities." All of these sources are Foreign Sources. This is why the Federal Income tax is Constitutional. It is a tax on foreigners earning money within the United States, and Citizens earning money Outside the United States.
@@freenow77 The issue I have with this is the fact that section one states that “there is hereby imposed on the taxable income of,” and then goes on to list married individuals, unmarried individuals, heads of households, and surviving spouses. Every person in the United States falls under one of these categories. Yes, foreigners in the US have to pay income tax, and US citizens outside the US have to pay income tax, but that doesn’t mean that everyone else is exempt because of that. Those are merely two special circumstances that government expressly wanted to explain (so to speak).
@@thegamsta7133that is not accurate. Every person in the United States does NOT fall under one of those categories. You assumed what 26 USC section 1 meant, without digging deeper. Section 1 imposes a tax SPECIFICALLY on "Taxable Income." What is "taxable income?" Well you have to know what "taxable income" is to determine if you have it. How do know if you have "taxable income?" Taxable income is defined in section 63 as "gross income minus the deductions allowed by this chapter." So in order to determine if you have Taxable Income, you have to have Gross Income. So what is Gross Income? Gross Income is defined in section 61. But section 61 only lists the ITEMS of Gross Income, not the sources. The sources of income are found in the regulations I posted in 26 CFR 1.861-8(f). In order to fully understand this issue, you must read Larken Rose's "Taxable Income" report which goes into greater detail. larkenrose.com/pdf/TaxableIncome2007.pdf
@@freenow77 Unfortunately, I don’t have 63 pages worth of time to devote to understanding his particular scheme to avoid taxes. There is one thing that I found interesting, though. Section 2(3)(d) says that “In the case of a nonresident alien individual, the taxes imposed by sections 1 and 55 shall apply only as provided by section 871 or 877.” So, it is clear that nonresident aliens are an exception to the general rule, which is why the sections that you were citing exist. Also, I was wondering from earlier what made you want to discover the sources of income. I assumed that when it says “whatever sources derived,” that the sources don’t have much of an impact on taxation. If you earn W-2 wages from foreigners, you pay the same income tax as if you received those wages from domestic sources, so I can’t see why it’s very important, if that makes sense.
So if you work a legit job. Your job is always going to report your earnings. Because it's taxable for them. But if you work under the table and have an account without your information on it (think prepaid debit cards). You could dodge it for a long time. Issue is that you need to be able to prove sources of income when you buy a house with a loan, same for cars. So unless you save up 100% cost upfront. You need a credit score and a bank account that shows reliable income.
@@vivian3903It's amazing that "money laundering" is even a thing, I mean since 1933, there hasn't been lawful money since gold and silver was taken away from people that backed the dollar, it's all FIAT money that's actually worthless and ask yourself, why does the treasury print more money with nothing to back it?
Buying a house is one of the biggest scams in America. You’re “buying” something that’s way overpriced and can never own. You’re essentially renting with a high deposit. If you can’t pay the rent (taxes) you lose your deposit.
Its better to pay taxes n file than to get your bank account levy and be taken money out.eventually they will catch you and when they do u will pay all the fees and when u file tax they will take it lol
Where I live alot of ppl work side hustles under the table and are paid in cash. Alot if ppl around here also use debit cards or stack the cash in their homes on some under the mattress type shit I've yet to see somebody do banking... I now think everyone I know in my neighborhood is doing tax evasion 😂
Spending a small amount of it on the military and an ever smaller amount on things like schools and hospitals (which is why medical bills and college tuitions are overpriced) and the rest go to politicians.
The IRS has the ability to see major purchases. If you do not have sufficient income to explain those purchases then they can get your bank records. This guy's advice only works for small amounts of money and only if everything you do is in cash. Don't forget that Al Capone was sent to prison by for tax fraud, not all the other crimes that he committed
It's all about the money trail. If u buy little things your fine but if u want to buy a home or an expensive car or go on a big vacation then they wanna know where the money came from. Not sayin there isn't no way around it because I'm sure there is.
Transfer all your funds into cash, go to casino, turn them all into tokens and then back. Here you got a receipt from casino and IRS will never know where and how you got those money at the first place. It’s clean.
Except the employer submits a W2 or 1099 so the ORS knows what you owe, or at least generally speaking. So don’t take this guys advice. You’ll end up with the IRS hunting you down and taking money out of your bank account.
This was from a while ago so let's update everyone on the current situation. CBDCs. When the banks know exactly how much you're spending and where, they will definitely report this to the IRS, whether willingly or unwillingly. Once cash is gone, were fucked.
If you want to spend the wealth you earn either funnel it through a business you own or a business a friend owns. But! The act of doing this is called money laundering.
As long as you have a social security number every financial transaction or account you have will follow you . Therefore the IRS does have the ability to see anyone’s info when needed.
LOL I am sure they do! But as the name of this channel says, "Catch me if you con," he is likely on a different continent, hopefully enjoying a margarita!
Hey I saw this video and I applied to footlocker and I didn’t fill out any of the W2 forms and I just worked and got paid I’ve been working there for about 2 years now and then last week I got a knock on my door and it’s these 2 guys in suits saying there’s a warrant out for my arrest because I’ve been a suspect in tax evasion, I asked them to show me the warrant and they said they would be back in 5 days I’m going off the grid for awhile, if I don’t make it back just know I always kept it real
So they're allowed to know everything about us, zero privacy, but everything about them is "classified" for "our protection"? Sounds like a toxic relationship to me.
If your employer files a w-2 and you don't, that's an easy way to get the IRS's attention. It may take a year or more, but it can happen. I knew someone who thought they were slick, had to pay taxes, penalties, did some time, etc.
Not really, unless they suddenly got a sports car or mansion purchased under their name. Otherwise irs don't care usually that type of mistakes that made you under their watch list
@@julianblacksmith8539 well it's cause "we trusted you with a privilege" and you didn't have anything outstanding job yet. And being a sneaky bastard they intentionally did that in hope to score big amount if you're "forgotten" about them and then one day you decided to start doing business on your own outside working an average job that's the point of hot action they wanted and freeze your account
Since Covid I've been on cash only, no, not actual paper money. Just a personal check written out to Cash at $46x32hrs, no withholdings. Except a few times like once when I brought my spud cannon over to the Bosses BBQ and launched all the prior BBQ beer cans filled with floor leveler, lightweight concrete and/or mortar. He was really impressed, especially with my custom made rounds that I never, ever, ever, ever put explosive cores in, ever. So he bought it for $400 on top of my check and paid all cash money. I also never removed the aluminum sleeves and grinded the tips round, nor dipped those rounds in molten copper then gave them a high polish shine, ever! 2 cups of smokeless powder will punch through a hondas trunk. 1/4 cup will turn a stop sign into a tortilla bowl maker. $400 was a steal deal.
The irs definitely knows what’s in your bank account because the banks always file a report with the irs when you have a certain amount of money in said account
your bank account doesn't indicate your income. It's a income tax not a wealth tax. the IRS has no way of knowing where all your deposits came from. unless it's all direct deposited from your employer and you never withdrew anything. The IRS can only go back 3 years into your tax returns. but they do know your earning from a legal job and your interest and investment income.
They do know where you bank. Every single bank (international included) must ahear to us citizenship identification. Thus you will be required to provided your social security number or some sort of identification to tie the account to your person.
ALCAPONE DID THE SAME , THE IRS GOES BY WHAT YOU GOT , WHAT YOU BUY , AND WHERE THEY LIVE. IF YOU FILE YOUR TAXES IT WILL TRIGGER AN AUDIT , IF DOESNOT MATCH , EVEN THE PRICE OF YOUR HOME *********HELLO************ for everything you buy will be your property , cars, homes, bank account , credit card, universities, colleges, tuition, ****** SOOO IF YOU ARE GETTING MORE THINGS FROM THE ONES YOU REPORT TO THE IRS. ******* same as ALCAPONE, AND MANY OTHERS who does not file the correct but LIVING THE LIFE AS IF THEY HAVE. MMMMM
Me and the boys doing our landscaping stuff and getting paid in straight cash but not as a business because its just random jobs, and we get “gifted” money. For legal reasons this is a joke.
But see, your bank accounts all have your social security number. And all those accounts all can be brought up in moments to analyze the deposits and expenditures. They paint a picture of how much money you have or make. If they add that activity up, and it doesn’t equal what you make well, guess what.
To be completely fair, he’s actually right. Sure, just because he posted this on RUclips everyone thinks they can do it. The issue is, they don’t know who’s watching 😏 I can follow this handsome man’s advice and they would never know. I guess we’ll see 😉
Fun fact: if you don’t file tax for a particular year and the irs forgets about it for ten years, you don’t need to ever pay again. (I read it somewhere)
*Very informative and useful video, will surely put this to good use 😉 also if you hear someone in their new lamborghini with the music on max speeding trough the streets, dont worry, its me*
The requirements to file a tax return isn't because the IRS doesn't know your yearly income. It's because they want you to do the math. If you don't then they will do it and charge a giant fine for it.
In that case, it’s not worth the risk. At some point, you’ll probably deposit 10k or more, which requires the bank to file a form and report it to make sure the money is from a legitimate source. This means that the IRS will know about your money and they will know if you don’t report it on your taxes.
@@julianblacksmith8539 Yeah. The only way it’s worth not reporting it is if it’s a side hustle for which you don’t have a registered business. Then most likely than not you’ll get away with it.
@@julianblacksmith8539 The bank does, but the IRS won’t know about it unless they do an audit, which is very rare. Even then, I had a friend who was randomly audited (she didn’t own a business), and they never asked her for her bank account records or anything. And yes, she has a side hustle for which she doesn’t report that income, and is still doing that to this day. The IRS is greedy. High taxes are the reason people feel the need to have a side hustle in the first place, yet, the IRS wants to tax that, too.
Nobody from the government has ever, to my face or in writing, told me I have to file my taxes. How is one supposed to know if all you’ve ever heard about taxes was on the streets? And for all I know, those are rumors or I’m getting bad information.
Just a pro-tip. This man is an IRS agent because all of his "information" is incorrect. For starters, If you gave a SSN to open an account, SURPRISE! THEY CAN FIND WHERE YOU BANK!
I mean every bank requires you to use your social security number, the IRS can easily access, inspect, and freeze any and all bank accounts domestic or foreign. The only true way is to keep your money in cash or assets either physical or digital
The employer files the W2 and 1099 forms, if applicable. This is a cross-check. The IRS also looks at the dollar amount of expenditures you make. So, if you claim to make $20K year, but you drive a Lexus, they will spot it and perform an audit. They are very smart, very seasoned. Don't be fooled. Pay your taxes.
Bro your voice fits this character perfectly, this is actually hilarious.
100%
yeah this was straight up GOLD
I'm not a criminal, but this guy is so sexy he almost seduces me into it 🤭
SHOULD BE AMENDED TO TRIBAL B.I.A. OFFICERS MOONLIGHTING OF TRIBAL DIVIDENDS ! THE M.O. FOR THE U.S. B.I.A.
@breakfasttelevision4261he sounds like he’s gonna yell at me to go find tony
“Paid my taxes since 2003 I have not, die in a shootout with the irs I will.”
Master yoda
Quite possibly the best RUclips comment ever
This is the first comment to actually make me laugh out loud, congrats sir
Based
LMAOOO
LOL
It's not the amount of money you have that's unreported that will gets the IRS attention. It's when you try spending that wealth. Sure I could have 3 million dollars in unreported revenue in some offshore bank account easy. But when I go to buy a house with it not only will taxes be required on the house but the IRS is now asking "wait a minute, he bought a 3 million dollar house (in which he legally paid his taxes on) but where TF did he get the 3 million?)
In the words of saul goodman "if they can get capone they can get you"
So what your saying is don’t get the IRS’s attention by not buying expensive stuff that require the IRS & if I become self employed I can really fly under the IRS’s radar
@@bakerm.you could, but you can't buy house or vehicle now, or spend lavishly for that matter. Technically you could build your own house, but you can't own a car neither can you buy a land.
@@azhariarif or live with modest means,except when its come with secrecy and anonymity of cash. ie, don't buy an expensive house,buy expensive groceries instead.
that's where you need to money laundring my friend
@@nooblord2416 ✅
IRS when you pay them taxes: "Where the f*** is my money!"
IRS when you need your Tax Refund: "What are 'taxes', owo?"
Na crazy
not really... lol
Answering the question of "What are taxes? The answer is theft.
Wat is irs
@@imlucifer5040 Internal Revenue Service
I have committed tax evasion for 7 years
@Cheeto Licker just say no to taxes🐺
How?
How how lol
Based
FBI open up
Plot twist he works for the irs
Do you think he actually dose? 😨
@@Charbel-zf2yt it depends on your prescription of reality
@@GBlockbreaker Another Red Pilled being I see, nothing is as it seems, time is just an illusion and nothing ever happened anywhere
@@Charbel-zf2ytdoes*
😂😂😂 i see what you dud here, my guy 😅😅😅@@GBlockbreaker
Its every citizens duty to cheat the crime syndicate..
❤
😈
how should I get started
You win the comments 🏆
Two things I don’t fuck with ouija boards and IRS
Ouija boards🤣🤣
@@reinerb.mugarura8033 weege bord
If your fear them mean you feel threatened that’s extortion
IRS Charge you technically too so No matter how big you are.. thrybare charging you using your own account books...
They are super dangerous that way.
@@TheRealZazaExperta walawigi borad?
Self employeed noises*
Gets paid in cash noises*
Forgets how to do math when it comes to federal and state
self employed taxes are higher no? plus if you splurge or put your money in a 401k big alarm bells go off
crypto and offshore banking is the only way
I haven't payed taxes in 15 years
@@TylerTMGthats because your 15
@@B-52H no I'm 15 4months and 9 days
Erm actually 15 yrs and 9 months 1 day@TylerTMG
The IRS don't deserve your money.
Yeah but I like getting my potholes fixed and being able to call 911 to my house within 10 min 🤷♂️
@@user-ti9or6qx4i the gas tax pays for road repair. 911 calls? What??? 911 is a LOCAL SERVICE. Your federal income tax has nothing to do with whether anyone answers a 911 call.
@@freenow77 but my state taxes do fumb fu
@@user-ti9or6qx4i the video is referring to the IRS which is federal, which means YOU are the Dumb Ass!! And 911 is still a LOCAL service that is paid for by taxes on your phone service, which has NOTHING to do with paying Federal Income taxes to the IRS!! So before you make asinine comments on this subject, either use your brain or donate your brain to Charity!!!
@@user-ti9or6qx4itbey rarely fill the pot holes and spend your money on themselves through city cards. Lmao 😂 but mmmkay
You sound like the kind of guy who knows a guy who knows a guy.
he does know a guy who knows a guy
@@rkool2005
Weird, does he also happen to know a guy who knows another guy while knowing another?
@@typicalasianguy1805 yes
😂😂😂😂😂😂😂
he knows a guy who lives in his parents basement.
I haven't payed taxes for 14 years and the IRS don't care
Don't have to pay taxes if you don't have a job ya bum!😂
How
@@EthanD4 cause I'm 14
O
@@EthanD4 kid's an expert level troll. He's going places.
If everyone just stopped paying taxes, they can't do anything. 😅
You'll loose your assets and get left on the streets or prison?
As much as I thought about that, I can't risk my assets
@@Nani-Afinarte13 not if everyone just stopped. But we are basically their bitchez
Doing this in a black neighborhood
That's what guns are for.
@Nani-Afinarte13
@@Nani-Afinarte13 they can't wipe out the whole country 🤣
Time to do taxe fraud
This is why our country is in trouble. Assholes who cheat
@@ar4122 our country was built from cheating tho
You can’t even spell tax correctly you aren’t committing fraud on anything
Too funny
@@toxicity6629 🤣🤣🤣
Go start your own small business and see how your relationship with the IRS changes into a rapid downhill spiral of anger and disgust.
I appreciate the existence of tax breaks but navigating loopholes feels dangerous. How can I ensure I'm taking advantage of tax-advantaged investment structures without potentially encountering unintended consequences?
Loopholes can be tricky, but there are plenty of proven tax-advantaged structures. IRAs and employer-sponsored retirement accounts are great options. You can also explore tax-efficient investment vehicles like municipal bonds or index funds. These offer benefits like tax-deferred growth or tax-exempt interest. Talk to your financial planner about these options.
Yeah, planners could make a lot of difference, particularly in a market such as this. Bonds are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2020, and I return at least $30k ROI, and this does not include capital gain.
Could you kindly elaborate on the advisor's background and qualifications?
Her name is “ Sonya Lee Mitchell” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
You are so gorgeous!! Hollywood's waiting for you! I subscribed because you are beautiful to watch and listen to❤!
The thing about centralized database
There are two things
CDBC
And the IRS now using AI to do audits
Combines those 2
And you get the picture
ive just been inspired to commit felony
not a felony if its your money to begin with
@andreimaxwell4455 exactly, I don't remember the IRS working 40% of my shift
Thank goodness you brought this up! Truly, investing has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life. Currently earn as much as 10 grand weekly and this has improved my financial life. Great piece!
Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!
She's OLIVIA SULLIVAN FINANCIALS
I'm definitely gonna check her out. Do yo have any idea if she manages family fund?
Best life changing advice is to pick a good financial mentor and let them guide you towards wealth. This really saves you from loss and time wasting. I am glad I know Olivia Sullivan.
The guy in the video is correct. The ONLY way the IRS knows how much money you make is if you tell on yourself by filing a 1040 tax return, or if you sign a W-4 or W-9 and the IRS receives W-2's or 1099's. There is NO LAW that requires Americans to sign W-4's or W-9's. There is no law requiring Americans to have or use a Social Security Number to earn a living. There is no law requiring Americans earning income within the 50 States to pay federal income taxes. The income tax is a hoax!
So if you stop using your SSN to earn a living, you can live an income tax free life and the IRS will have no idea how much money you are making! And you would be following the tax laws! The IRS are the ones violating the Internal Revenue Code when they try to extort Americans for an income tax that we don't even know! American businesses need to wake up and learn the truth about Social Security Numbers and tax withholding!
The income tax is law. It’s found under section 1 of Title 26 of the US code.
@@thegamsta7133 I agree that there is such thing as the "federal income tax." The question is who owes the tax? Who is the income tax imposed on? The income tax is indeed found in Subtitle A of the Internal Revenue Code. The federal income tax is a foreign tax. The federal income tax is imposed on the income of Non-Resident Aliens earning income within the United States per 26 USC 871(a) and US Citizens earning income outside the United States per 26 CFR 1.861-8 (f) which is titled "26 CFR § 1.861-8 - Computation of taxable income from sources within the United States and from other sources and activities." All of these sources are Foreign Sources. This is why the Federal Income tax is Constitutional. It is a tax on foreigners earning money within the United States, and Citizens earning money Outside the United States.
@@freenow77 The issue I have with this is the fact that section one states that “there is hereby imposed on the taxable income of,” and then goes on to list married individuals, unmarried individuals, heads of households, and surviving spouses. Every person in the United States falls under one of these categories. Yes, foreigners in the US have to pay income tax, and US citizens outside the US have to pay income tax, but that doesn’t mean that everyone else is exempt because of that. Those are merely two special circumstances that government expressly wanted to explain (so to speak).
@@thegamsta7133that is not accurate. Every person in the United States does NOT fall under one of those categories. You assumed what 26 USC section 1 meant, without digging deeper. Section 1 imposes a tax SPECIFICALLY on "Taxable Income." What is "taxable income?" Well you have to know what "taxable income" is to determine if you have it. How do know if you have "taxable income?" Taxable income is defined in section 63 as "gross income minus the deductions allowed by this chapter." So in order to determine if you have Taxable Income, you have to have Gross Income. So what is Gross Income? Gross Income is defined in section 61. But section 61 only lists the ITEMS of Gross Income, not the sources. The sources of income are found in the regulations I posted in 26 CFR 1.861-8(f).
In order to fully understand this issue, you must read Larken Rose's "Taxable Income" report which goes into greater detail. larkenrose.com/pdf/TaxableIncome2007.pdf
@@freenow77 Unfortunately, I don’t have 63 pages worth of time to devote to understanding his particular scheme to avoid taxes. There is one thing that I found interesting, though. Section 2(3)(d) says that “In the case of a nonresident alien individual, the taxes imposed by sections 1 and 55 shall apply only as provided by section 871 or 877.” So, it is clear that nonresident aliens are an exception to the general rule, which is why the sections that you were citing exist. Also, I was wondering from earlier what made you want to discover the sources of income. I assumed that when it says “whatever sources derived,” that the sources don’t have much of an impact on taxation. If you earn W-2 wages from foreigners, you pay the same income tax as if you received those wages from domestic sources, so I can’t see why it’s very important, if that makes sense.
So if you work a legit job. Your job is always going to report your earnings. Because it's taxable for them. But if you work under the table and have an account without your information on it (think prepaid debit cards). You could dodge it for a long time. Issue is that you need to be able to prove sources of income when you buy a house with a loan, same for cars. So unless you save up 100% cost upfront. You need a credit score and a bank account that shows reliable income.
Its called laundering money
@@vivian3903It's amazing that "money laundering" is even a thing, I mean since 1933, there hasn't been lawful money since gold and silver was taken away from people that backed the dollar, it's all FIAT money that's actually worthless and ask yourself, why does the treasury print more money with nothing to back it?
@@Sight2Beholdit’s fake money based on credit/debt. It’s a scam system setup by the elites
help I am trying to sign up for a prepaid debit card, but all of them ask for my socials security number. Is there a way to make one with ssn
Buying a house is one of the biggest scams in America. You’re “buying” something that’s way overpriced and can never own. You’re essentially renting with a high deposit. If you can’t pay the rent (taxes) you lose your deposit.
im never paying my taxes ever again
“I don’t care who the IRS sends.. I AM NOT PAYING TAXES!” 😂
Its better to pay taxes n file than to get your bank account levy and be taken money out.eventually they will catch you and when they do u will pay all the fees and when u file tax they will take it lol
True. I got my tax return taken away by the IRS.
Doesn't matter.. I pay my taxes and The irs still took my income tax away from me.. it's "TheIRS" all of it..
IRS accidental overpayments me, what do I do? Me: I Shall Keep it... I Will go to france for 1 month. Than I come back.
yeah, i was gunna say....whaat if the person ends up leaving the country after like 7 years of not paying taxes?
Where I live alot of ppl work side hustles under the table and are paid in cash. Alot if ppl around here also use debit cards or stack the cash in their homes on some under the mattress type shit I've yet to see somebody do banking... I now think everyone I know in my neighborhood is doing tax evasion 😂
Good.
Paradise..😊
And all these people are telling you this information ? 😢
Did they buy they’re houses with cash
Not even the joker is crazy enough to mess with the IRS
Joker's weak then
@andreimaxwell4455 hes to rich to have to worry about that chump change
Weak and cringe joker.
I was just thinking about that scene!
The Virgin Joker who fears the IRS, vs the Chad Larry the Cucumber who the IRS fears
Gotta love the Jordan Belfort accent
“I maybe crazy enough to take on Batman, but the IRS!? Noooo thank you!”
- The Joker
Is this from something? if not, that would be hilarious if the Joker was a perfectly well mannered citizen when it came to filing his taxes, lol.
@@GMoney-B Yeah it’s from the TAS where deadass Joker gave a dude from the IRS a couple million dollars for his taxes.
@@GojiBoiEarth1964 forgive my ignorance. TAS= the animated series? Like from 90’s
@@GMoney-B yeah
Yes, now I can plan for my tax evasion
ive been committing tax fruad in plane sight since 97 lol they suck at their jobs
Teach me the way
All hero’s don’t wear capes!
Perfect choice of music for talking about IRS and audits 😂 Amadeus would probably approve
what does the irs do for us? take our hard working money for what????
Provides you with all the things you need... except income taxes those are just used to fund unnecessary projects... and social security
@@Kkk-cc1iyour state provides our roads ect …. Federal government doesn’t deserve a penny other than Medicare and SS .
Spending a small amount of it on the military and an ever smaller amount on things like schools and hospitals (which is why medical bills and college tuitions are overpriced) and the rest go to politicians.
and funding queer
The IRS tells you to quit your whining while it fucks you even harder
I just wanna put this on loop so I can keep hearing his voice…😊
The IRS has the ability to see major purchases. If you do not have sufficient income to explain those purchases then they can get your bank records.
This guy's advice only works for small amounts of money and only if everything you do is in cash.
Don't forget that Al Capone was sent to prison by for tax fraud, not all the other crimes that he committed
It's all about the money trail. If u buy little things your fine but if u want to buy a home or an expensive car or go on a big vacation then they wanna know where the money came from. Not sayin there isn't no way around it because I'm sure there is.
Transfer all your funds into cash, go to casino, turn them all into tokens and then back. Here you got a receipt from casino and IRS will never know where and how you got those money at the first place. It’s clean.
@@thepol1114but gambling at a casino could potentially lead to a great loss. How do u convert cash into tokens
@@thepol1114and what are those tokens for
Don't gamble the tokens get em sit a female mins and return them it'll come with a receipt and not your clean to spend
Except the employer submits a W2 or 1099 so the ORS knows what you owe, or at least generally speaking. So don’t take this guys advice. You’ll end up with the IRS hunting you down and taking money out of your bank account.
You can revoke your election to oay federal taxes. Weiss Paris has a yt channel explaining this.
This was from a while ago so let's update everyone on the current situation. CBDCs. When the banks know exactly how much you're spending and where, they will definitely report this to the IRS, whether willingly or unwillingly. Once cash is gone, were fucked.
I agree lol or let’s say you got lots of deposits ur bank will report it if its over 1k
If you want to spend the wealth you earn either funnel it through a business you own or a business a friend owns. But! The act of doing this is called money laundering.
evade for 10 years then IRS walks from it
As long as you have a social security number every financial transaction or account you have will follow you . Therefore the IRS does have the ability to see anyone’s info when needed.
Ok, so don't use your social
The IRS wants to know your location
LOL I am sure they do! But as the name of this channel says, "Catch me if you con," he is likely on a different continent, hopefully enjoying a margarita!
I love your advice brother. Subbed. I look forward to seeing more of you.
Have a good day and life ahead.
To bad for them I mow a lawn and sit around all day
In Wisconsin if you don't make more than a certain amount a year then you don't have to file. So most of my life I just stay under that number. lol
@@stancarlson2995what is that number
BRO’S SAVING THE NEXT GENERATION WITH THIS ONE 🗣️🗣️🔥🔥🔥
Hey I saw this video and I applied to footlocker and I didn’t fill out any of the W2 forms and I just worked and got paid I’ve been working there for about 2 years now and then last week I got a knock on my door and it’s these 2 guys in suits saying there’s a warrant out for my arrest because I’ve been a suspect in tax evasion, I asked them to show me the warrant and they said they would be back in 5 days I’m going off the grid for awhile, if I don’t make it back just know I always kept it real
@@hollyo.7651 He's probably in federal prison
Mf is playing gta 6 before its even released💀
Wtf
He’s dead, they iced him.
You still there bro 😭
So they're allowed to know everything about us, zero privacy, but everything about them is "classified" for "our protection"? Sounds like a toxic relationship to me.
Every bank account has a social security # attached to it.
Offshore
If your employer files a w-2 and you don't, that's an easy way to get the IRS's attention. It may take a year or more, but it can happen. I knew someone who thought they were slick, had to pay taxes, penalties, did some time, etc.
Tax evasion is a crime Vergil
IT'S AN OBLIGATION.
its extortion
I refuse to pay taxes. That's why I don't work. I just walk the earth.
Never underestimate somebody you owe money to
This guy's that one mfing main villain that just plans and plans, and when it begins, FROM START TO END, ITS PERFECT
I know 18-24 year olds that live alone and just haven’t bothered filing taxes since that point. Are they going to be investigated too?
Not really, unless they suddenly got a sports car or mansion purchased under their name. Otherwise irs don't care usually that type of mistakes that made you under their watch list
@@MaseraStevewhy won't the irs freeze their funds. The irs obv knows how much u owe, u don't need to file to them, they have electronic records
@@julianblacksmith8539 well it's cause "we trusted you with a privilege" and you didn't have anything outstanding job yet. And being a sneaky bastard they intentionally did that in hope to score big amount if you're "forgotten" about them and then one day you decided to start doing business on your own outside working an average job that's the point of hot action they wanted and freeze your account
Most of them get money back. So why would the irs tell you , "Hey we have a check for you, since 2020 you haven't filed. We owe you money."
If they're W-2, the IRS probably owes them money. After 3 years, you lose your refund.
Since Covid I've been on cash only, no, not actual paper money. Just a personal check written out to Cash at $46x32hrs, no withholdings. Except a few times like once when I brought my spud cannon over to the Bosses BBQ and launched all the prior BBQ beer cans filled with floor leveler, lightweight concrete and/or mortar. He was really impressed, especially with my custom made rounds that I never, ever, ever, ever put explosive cores in, ever. So he bought it for $400 on top of my check and paid all cash money. I also never removed the aluminum sleeves and grinded the tips round, nor dipped those rounds in molten copper then gave them a high polish shine, ever! 2 cups of smokeless powder will punch through a hondas trunk. 1/4 cup will turn a stop sign into a tortilla bowl maker. $400 was a steal deal.
The irs definitely knows what’s in your bank account because the banks always file a report with the irs when you have a certain amount of money in said account
The banks are committing fraud you think they are reporting but they are getting around that!!
your bank account doesn't indicate your income.
It's a income tax not a wealth tax. the IRS has no way of knowing where all your deposits came from.
unless it's all direct deposited from your employer and you never withdrew anything.
The IRS can only go back 3 years into your tax returns.
but they do know your earning from a legal job and your interest and investment income.
If you use direct deposit for your tax refund 💵 then they absolutely know where you bank 😂.
Dont do tax fraud and you wont get your door knock.🗿
🐀
😷🧴💀@@uzingsauce9266
It’s the banks job to report anything that comes through the bank.
Dawg I searched up “femboy asmr helps you with tax evasion” and got this 😭🙏
Everyone did😔😭🗣
@@Kkk-cc1iy I found it :3
Why are you searching for that brother 🤔
It is against the law to fund terrorism so paying tax is makes you complicit if you live in the USA and the UK as they both start every war.
They do know where you bank. Every single bank (international included) must ahear to us citizenship identification.
Thus you will be required to provided your social security number or some sort of identification to tie the account to your person.
If you are dumb enough to file with them directly or link your account
there was a hidden reply on this comment but I can't read it, do u know what this person said
ALCAPONE DID THE SAME , THE IRS GOES BY WHAT YOU GOT , WHAT YOU BUY , AND WHERE THEY LIVE. IF YOU FILE YOUR TAXES IT WILL TRIGGER AN AUDIT , IF DOESNOT MATCH , EVEN THE PRICE OF YOUR HOME *********HELLO************ for everything you buy will be your property , cars, homes, bank account , credit card, universities, colleges, tuition, ****** SOOO IF YOU ARE GETTING MORE THINGS FROM THE ONES YOU REPORT TO THE IRS. ******* same as ALCAPONE, AND MANY OTHERS who does not file the correct but LIVING THE LIFE AS IF THEY HAVE. MMMMM
Tax evasion is based if you really want to learn how tax evade better go to Greece
Well if the money the irs gives you at the end of the year goes in your bank acct. then yes they know where you bank.
The IRS track purchases of over 5k I think also.
Nah anything 10k or more
20k, no less.
30k, no less.
The banks need to file
If they want
40k, no less.
Just keep that under the table money under your mattress 🤫
You have the right to remain silent! If you file a 1040, you waive that right!
Me and the boys doing our landscaping stuff and getting paid in straight cash but not as a business because its just random jobs, and we get “gifted” money.
For legal reasons this is a joke.
The crazy thing is the irs want your gifted money too with is bs
No wonder why they were able to find the joker, before he went insane he had 1099 form
This is changing. With the inflation reduction act it is now legal that the irs can now see through your bank statements. Sooo you are not slick
The trick is you still file just dont pay you can only go to jail or prison if you dont report it ..its the lying not the money owed
IRS: yeah I’m a take this video down
lol
This is the most ridiculous untruthful thing I'd ever heard !!! 😂😂😂😂
They simply run your SSN.
In all actuality, that's NOT your number
@@Sight2Beholdwym
Bros voice is perfect
Vergil be like
I feel like his friends call him the Don.
But see, your bank accounts all have your social security number. And all those accounts all can be brought up in moments to analyze the deposits and expenditures. They paint a picture of how much money you have or make. If they add that activity up, and it doesn’t equal what you make well, guess what.
They have your SSN, ITIN or EIN they know who you bank with unless it’s over seas.
Please don’t listen to this man.
To be completely fair, he’s actually right. Sure, just because he posted this on RUclips everyone thinks they can do it. The issue is, they don’t know who’s watching 😏 I can follow this handsome man’s advice and they would never know. I guess we’ll see 😉
@@alyssa1721nah don't listen it's not worth it bro.
@@alyssa1721I mean madame*
🤓
@@guacolea ik because then you will be subjected to constant micro transactions.
Thank you for giving me this information. It actually works!
“Theres not some centralized database with every bank account on it” somehow i highly doubt this statement
Fun fact: if you don’t file tax for a particular year and the irs forgets about it for ten years, you don’t need to ever pay again. (I read it somewhere)
*Very informative and useful video, will surely put this to good use 😉 also if you hear someone in their new lamborghini with the music on max speeding trough the streets, dont worry, its me*
The requirements to file a tax return isn't because the IRS doesn't know your yearly income. It's because they want you to do the math. If you don't then they will do it and charge a giant fine for it.
So making a lot of money in PayPal won’t get actually reported even as it’s connected to my ssn?
They passed a bill on that and called it a 1099-K for payment apps like paypal
@CAMTHEMAN75 They’ll know. The company sends you a copy of your yearly earnings, and they send another one to the IRS.
Yep. I think pretty much all cash apps send you a tax form.
I there any digital wallet that doesn't report them
False. Well partially. Anything about $600 is reported even as a 1099 . At least by businesses that do proper accounting.
the IRS got Al Capone, I’m not doing shit
"I'm crazy enough to take on Batman, but the IRS? Nooo thank you"
*saves video*
Three things are certain in life - Birth, Death and Taxes. Can''t evade them.
False. You can be tax exempt.
what if you own your own business?
In that case, it’s not worth the risk. At some point, you’ll probably deposit 10k or more, which requires the bank to file a form and report it to make sure the money is from a legitimate source. This means that the IRS will know about your money and they will know if you don’t report it on your taxes.
@@AAP0000they can see all the transactions I make
@@julianblacksmith8539 Yeah. The only way it’s worth not reporting it is if it’s a side hustle for which you don’t have a registered business. Then most likely than not you’ll get away with it.
@@AAP0000 yeah, but they keep records of ecery deposit, unless ur payed in cash or some other commodity
@@julianblacksmith8539 The bank does, but the IRS won’t know about it unless they do an audit, which is very rare. Even then, I had a friend who was randomly audited (she didn’t own a business), and they never asked her for her bank account records or anything. And yes, she has a side hustle for which she doesn’t report that income, and is still doing that to this day. The IRS is greedy. High taxes are the reason people feel the need to have a side hustle in the first place, yet, the IRS wants to tax that, too.
Nobody from the government has ever, to my face or in writing, told me I have to file my taxes. How is one supposed to know if all you’ve ever heard about taxes was on the streets? And for all I know, those are rumors or I’m getting bad information.
What if….
I don’t bank…?
Now this, is epic
😈😈😈
Hiding gold under my backyard was always an option
That's based
how do u earn salaries then
@@julianblacksmith8539 Someone pays you in dollars...?
Beginning you say if the numbers match. .. so when you dont file and your employer don't ... dont they just go of the w2 your employer filed?
bro thinks hes al capone
I will definitely NOT be using this information to open up an offshore bank account and commit tax invasion 💯
Just a pro-tip. This man is an IRS agent because all of his "information" is incorrect. For starters, If you gave a SSN to open an account, SURPRISE! THEY CAN FIND WHERE YOU BANK!
I mean every bank requires you to use your social security number, the IRS can easily access, inspect, and freeze any and all bank accounts domestic or foreign. The only true way is to keep your money in cash or assets either physical or digital
The employer files the W2 and 1099 forms, if applicable. This is a cross-check. The IRS also looks at the dollar amount of expenditures you make. So, if you claim to make $20K year, but you drive a Lexus, they will spot it and perform an audit. They are very smart, very seasoned. Don't be fooled. Pay your taxes.
I've been evading tax since I started working in 2007
2009 they nearly got me when I had to be operated on but I never went to pay for the bill