I had a client once...
Posted on: September 6, 2022 at 15:46:12 CT
Gyro MU
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who did a lot of retail finishes for malls around the country. He would go ape **** with all this time away from his wife. Boozing and carousing like a pirate. The guy just jammed the acclerator for like two years.
Dummy tried to right off strip club funny money, $1,000 trips at Dave & Busters (no idea how anyone could spend that kind of money at that place). The next year he had a huge year and wrote off international travel...as construction expenses. Home project materials billed to the business. All on paper. All easily verifiable.
He got audited and wanted to know what his options were. He didn't have any. Wanted to blame his accountant. LOL
He got pinched hard with penalties. Nearly went under and in fact I think he's no longer in business.
But Scottsdale should be fun.
Edited by Gyro at 15:47:30 on 09/06/22