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contracting, 10-99's and tax evasion

Discussion in 'Channel Zero' started by seeking, Nov 13, 2003.

  1. seeking

    seeking Dirty Dozen Crew

    Joined: May 25, 2000 Messages: 32,277 Likes Received: 235
    anyone know exactly how this shit works?

    if you work as a private contractor, but give the company a fake SSN, at the end of the year, when they turn in their taxes, what is the chance the irs would come back to them, for the numbers not matching up? and this is a multi billion dollar corporation were talking about, not jack's hot dog on-a-stick stand.
    im assuming that most people who get nailed on tax evasion, do so because they had all these expenses, but claimed no income, and the irs audited them personally. i would highly doubt that the irs would even contact the company, especially over such minor figures.
    and i wouldnt even give a shit, but i got my job through a family memeber, and they're kind of sweating me handling it the 'graffiti way' (ie: totally ghetto and illegal, just to get over) for fear it would come back on them.

    anyway, if anyone has any insight into this, feel free to pass it along.

    seeks/holy shit he doesnt know somthing!
  2. mr.yuck

    mr.yuck Veteran Member

    Joined: May 12, 2000 Messages: 6,952 Likes Received: 6
    Good God I answered your question all wrong. Let me talk to my boss tomorrow cuz he's all about some tax evasion.
  3. yoshy

    yoshy Member

    Joined: Jun 23, 2000 Messages: 738 Likes Received: 0
    do you know where i can get some good pot?
  4. oneeightyone

    oneeightyone Senior Member

    Joined: May 23, 2003 Messages: 1,289 Likes Received: 0
    Oh my god, how long have i waited for this type of thread to arise.

    Here goes...

    At the end of the year when the employer sends the tax return in and on the employee deductions there appears a number that does not corralate with the name that it supposedly belongs to..get ready for some response.

    After 9/11 The Social security administration...Internal Revenue service...and the bearuo (sp?) of citizenship and immigration linked up so to say..so if one of those org's get information the other get the same information almost immediately. When the irs runs that number that is fake, it automatically goes and gets verified at the ss administration...when it shows up that this number does not go with the name given the employer will get a letter asking for the number to be corrected (only if said employee is getting paid as an "employee" i.e W2 and not as a sub-contractor), the employee will also get the same letter. In the past it was no big issue but after 9/11 and the scare that terrorist are working inside the walls, then they are cracking down..for example the big walmart debacle that happened, that was sent as more of a mesasge then anything else, also it's a fine of 10,000.00 dollars per day for hiring illegal workers.

    There is a way to get around this for the employer...for example seeking. if your working as a sub-contractor, then they can write the pay they give you off on a 1099-Misc. therefore they do not worry about you having a real ssn or not, but if you are using your real name and address (which is not the smartest thing to do) then you will get a letter asking you to verify the number, now the bad thing happens, if you get this letter,....let me rephrase that,...when you get this letter, you will have to verify it, if you do, then you wil have to pay the taxes on that 1099-misc. heres the fun part, if you work in an office then i doubt you have the same deductions as lets say a construction worker, and that means that working as a private contractor will cost you a pretty penny if you do not have deductions. and not everything can be a deduction relating to the type of job you have. If you do not verify it, then a lot of shit can happen, if this fake ssn is indeed a real one that pertains to another person in the world, and remember there are about 2 billion people in the u.s.a, then that person will get a letter, if they see that their ssn is being used by another person an investigation might occur and it can be traced back to the employer since it was their name that was paying said bad number...which in turn can lead to you..thus you are criminally guilty of fraud.

    If your family member got you the job, then they should have known better then to keep you under the table, if you indeed give a fake ssn then you better get ready for the letters to come to you.

    Even if it is a minor figure, there is a mistake so to say on the irs report, and until that mistake is corrected, please beleive your company will hear about it.
  5. beardo

    beardo Guest

    you need to strike a b-boy pose after that, oneeightyone.
  6. oneeightyone

    oneeightyone Senior Member

    Joined: May 23, 2003 Messages: 1,289 Likes Received: 0

    Nikkas know
  7. mental invalid

    mental invalid Dirty Dozen Crew

    Joined: May 11, 2001 Messages: 13,050 Likes Received: 8
    seeks, one question......why?
  8. SteveAustin

    SteveAustin Veteran Member

    Joined: Mar 12, 2002 Messages: 7,042 Likes Received: 2
    for real.
    181 droppin the knowledge A bomb.
  9. im not witty

    im not witty Guest

    so basically he's fucked?
  10. oneeightyone

    oneeightyone Senior Member

    Joined: May 23, 2003 Messages: 1,289 Likes Received: 0
    Essentially if he doesnt do something about it. . but that's all relative to where he is exactly and what it is that he did..because errors can always be corrected.
  11. seeking

    seeking Dirty Dozen Crew

    Joined: May 25, 2000 Messages: 32,277 Likes Received: 235
    1. i am a sub-contractor.
    2. they dont have my real, full name.
    3. they do not have any address for me.
    4. the ssn i gave is only one number off my real, so a 'simple mistake' would be easy to explain if need be.
    5. by the time this all gets sorted out, and the irs was to come back to them, i'll very likely be gone, at which time i will not be worried at all.

    my only real concern is that the irs would contact the company, asking about me, getting said family member all in a fluster. but for the size of the company, and the very miniscule amount of money were talking, i would highly doubt they would have the man power to investigate such minor discrepencies.
    but we'll see i suppose.
    and if it comes that i have to pay, well, i am no stranger to outstanding debt.

    why? because that's how we roll. no, really though, my life is a very complicated web of alot of really ghetto scenarios woven together to create the fabric that embodies 'seeking'. i could go more into depth, but my secrets are not for public consumption. ;)
  12. oneeightyone

    oneeightyone Senior Member

    Joined: May 23, 2003 Messages: 1,289 Likes Received: 0
    If it's like that then there really is no big issue, just a "mistake" like you said... if the amount is so small that it's just a spec on a big dirt pile then there really should be no problem..it all depends on how much of a good taxpayer the company is really.
  13. yoshy

    yoshy Member

    Joined: Jun 23, 2000 Messages: 738 Likes Received: 0
    i find it funny how talking about drugs and pornography are not ok on
    this board, but tax evasion is.
  14. seeking

    seeking Dirty Dozen Crew

    Joined: May 25, 2000 Messages: 32,277 Likes Received: 235
    well, it's one of the largest brokerage firms in the world, doing business in the multi billions, and as of the first of the year, my taxable income would be less than 8 grand.

    my understanding has always been that for the most part, unless the business gets audited, or the amount of money that is 'unacounted for' is so major that it would signifigantly offset their books, thus signaling that the only way to really get noticed, is by getting audited yourself. and since i have absolutely nothing in my own name, and thus no expendetures, claiming i have no income, is not so far fetched.

    im not concerned with myself, just dont wanna get family rilled up. as long as that is avoided, i dont give a shitwhat they try to do to me. i'm a soldier naw'mean.

    seeks/ my uzi weighs a ton
  15. oneeightyone

    oneeightyone Senior Member

    Joined: May 23, 2003 Messages: 1,289 Likes Received: 0
    if it's in the multi millions then dont worry about it, even if they ask for the differnt number and name, then it's no big deal, on the family tip, they can just say the number was off by one, no big issue, clean it up and skip away happily.

    I thikk the irs is immune to any kind of emotional connection to real human life, seriously, it's strange but these people work as a team to create a monster of pure 'by the book' standards.
    It's scary really.