Quote:
Originally posted by SykkBoy@Jan 25 2005, 12:25 PM
A guy I bowl with manages a check cashing store and is amazed at even how many "well off" people use his store. Even casino supervisors who are making over $125K a year...
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Businesses also have been known to write checks to 'vendors' and cash them.
To the accountant/IRS, it looks like an expense.
To the Check Cashing company it is a 3rd party check, and thus, extra $$ in fees & %
To the business owner, its tax free money.
Of course now you have Epassporte and PayPal for tax avoidance.
Many many ways to dodge taxes. And yet, none of them legal.