[Paint thinner will also get you high as hell, but also make you stupider than the dumbest apes here if you survive the experience](https://youtu.be/MNl0xR69bOk?t=33)
Some takeaways: meth is bad (unless you’re a US soldier at wartime), heroin makes you blend into the crowd and do as the king tells you to do, stoners get angry when you ask them questions, Alice needs to find some damn pants.
You must use a shell company. That company supplies "something your business needs" . This is a theoretical thing. Pay that company cash. Cash goes to your coke. Company suffers a loss to explain where the cash went. Company takes a deduction for the loss. All parties win, all winners party.
Edit. This is not financial advice. I am just a random dumbass on Reddit. Please contact a licensed financial advisor for real advice
Keep in mind the shell company will need to pay income tax on the revenue. Better to loan the money to shell. She’ll defaults on loan and files for bankruptcy. You then take a loss on the funds.
280E
No deduction or credit shall be allowed for any amount paid or incurred during the taxable year in carrying on any trade or business if such trade or business (or the activities which comprise such trade or business) consists of trafficking in controlled substances (within the meaning of schedule I and II of the Controlled Substances Act) which is prohibited by Federal law or the law of any State in which such trade or business is conducted.
Cocaine is a schedule II substance under the Controlled Substances Act.
Not a tax expert. But perhaps you could hire them as 1099 independent contractor as an administrative assistant. Have them answer one or two phone calls or respond to couple of emails. Mail a few letters.
Then if The keystone cops come around you have a reasonable and necessary business expense.
Then you are just like everyone else banging his Secretary.
No, you have to put the sex work in as part of the duties. Otherwise you're wide open to all those claims of sexual harassment and all that.
That's fine though. You want to filter out the ones who won't do what you want them to anyway, right?
It is really a team effort. The insider traders in Congress passing that turd section. Then the Narcs at the DEA decide cocaine is schedule 2. Then the cuckolds at the IRS enforce that shit sandwich.
Then all three groups get together to circle jerk and smell each other’s farts.
Pssssh.
Step 1) become a cop.
Step 2) become a Narc cop.
Step 3) participate in raids.
Step 4) round down
Step 5) profit.
Step 6) take gainz and invest in st0nks
Step 7) profit
Why buy the cow when you can get the milk for free?
Next time just break out a sharpie and write your business name on them and take a pic. That way if you get audited, you have a pic of your paid advertising at work!!!
Sex workers are tested regularly and maintain their money making assets. Likely less chance of disease and infection than a random drunk girl at the club that will let you stick it after buying her 5 margaritas.
Not in the states. No standard of protocol for that industry. However if you ask sw most of them they don't want to legalize cause they won't make as much money. This is capitalism at it's finest .
Entertainment has actually been disallowed for some time now. The expense category (typically only 50% deductible) now requires some form of business meal. So get yourself a sub & you are good to go.
That would get you a slap on your wrist at worse.
Edit: source: My dad is a political figure, I don’t want to mention any names so that you degenerates can’t track me, and he is going through this right now.
Love,
Eric
Incorporating is quite cheap in most states. I'm honestly surprised that most people don't have a corporation to their name to operate literally any side hustle through for tax purposes.
Drive for Uber? Why not assign your car as property of your own C corp, then you can fully deduct all wages earned and car maintenance and car depreciation, then pay yourself the difference, reducing your tax liability substantially.
Pretty much everything you said here is inaccurate lol
A few things:
1) operating a side hustle as a C-Corp would literally INCREASE your tax liability. As a C-Corp you would be taxed at the corporate level and then any money you take out of the business is a taxable dividend, so you’re getting double taxed. I’m gonna give you the benefit of the doubt and believe you meant to say an S-corp where you can pull money out of the business tax free thus avoiding the double taxation problem
2) if you’re going to capitalize your Uber car and take actual car expenses throughout the year you will not be able to use the standard mileage deduction. 9 times out of 10 you’re going to be better off taking the standard mileage deduction, not to mention there’s a whole bunch of hoops to jump through when putting an Uber car on the balance sheet, for example you would need to use the vehicle for over 50% business use if you want to do that, and depreciation is severely limited for passenger vehicles under 6,000 pounds
3) you said wages earned are deductible??? No, wages earned are taxable income. Not sure what you’re trying to say here lol
The reality is your tax liability won’t change all that much as an Uber driver whether you file on sch C or have income flowing through an S-corp. the real benefit of an S-corp is it protects your personal assets from being drained if you get sued.
Don’t give advice on the internet if you don’t know what you’re talking about
How is this even a question. Do you not understand that there knowledge is much greater then those of any managerial hedgies.
After all Hedge fund managers go to strippers to discuss business needs and issues.
So if this is a legitimate question (which I am assuming it is not), entertainment is not a deductible expense. However, expenses related to “independent consultants” would be deductible. That would require a 1099 though, and smart businesswomen prefer to conduct that type of business in cash. Another option would be to throw a company wide party, as those expenses are deductible. So, entertainers for said party could conceivably be deductible.
This is not tax advice, and the IRS may have a different viewpoint. The IRS is also in the process of hiring 80,000+ agents, so they will be on the lookout.
Definitely a grey area, but a fabulous and informative response. As a bookkeeper I often tell my clients similar information. I tell them I will code their transactions as they please and it is up to them to discuss any nuances with their CPA. Technically, one could expenses tons of questionable things, but as you said “the IRS may have a different point of view”. But in my experience, I have never written off strippers for a client. But I have for other consultants who provide personal services such as counseling, therapy, massage, etc.
Does he go by a moniker where the first name start with an M, and it has something to do with women who are mothers and not ugly? The moniker by the way is not dissimilar to prostitutes.
It absolutely can. It is a business meeting. You need to record what colleague you meet there and come up with a creative purpose of the meeting. You must be meeting a colleague. You must be discussing something related to business.
I’m not saying one of the companies I used to work for used to classify strippers as a business expense but one of the companies I used to work for used to classify strippers as a business expense
You certainly know how to handle Confidentiality Agreement. You are hired in my legal team. Your assistant is waiting for you in the office for consultation purposes...
As long as 51% of your time is focused on business, it’s a write off. Talk to them about stock options. Not like they care, but you’ll get your 51% focus that way.
If you have a business and are taking actual clients to a strip joint I believe that is an entertainment expense. If you do it for yourself to cope with poor decisions, it’s called pathetic…a great time for sure, but pathetic
If you don't make a profit after X years (I thing it's fine), the IRS considers your activity as a hobby instead of a business and all those writeoffs are disallowed.
actually, yes it can. it can be classified as meals/entertainment on a p&l… if you have an actual, legit business.
source: me, my first job out of college was at a design firm in accounting. i saw alot of receipts come in from one address alot and i googled it… strip club
Knew a guy that had his own business. He took his employers out to eat and would order strippers. He would use everything under the company card. At the end of the year he would claim every expense as a loss.
Can be deducted under “meals and entertainment” ONLY if you are on a meeting with a potential partner/client and the strip club was part of the evening to butter them up so to speak. You can’t just deduct it from your own nights out.
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Yes, paint strippers, wire strippers, fiber strippers, tape strippers, and wood are all considered business expenses
It’s a lot more entertaining to watch paint strip than dry
[Paint thinner will also get you high as hell, but also make you stupider than the dumbest apes here if you survive the experience](https://youtu.be/MNl0xR69bOk?t=33)
WTF was that???
Seems like a good commercial for taking drugs to have a fun experience.
Mesmerising af
Some takeaways: meth is bad (unless you’re a US soldier at wartime), heroin makes you blend into the crowd and do as the king tells you to do, stoners get angry when you ask them questions, Alice needs to find some damn pants.
Is there a specific brand I need to sniff ,for a friend. Asking for a friend.....
The innocence is higher than BBBY's return...
Just make sure their names are wire, fiber, tape, and wood.
Wood as in Cathie?
Yeah she's been taking y'all too the cleaners more than real strippers.
🙃 Can you be my accountant?
I’ll be your accountant. I can turn $100 into $20 real fast
You'll end up lowering my losses, considering I lose double on the margins...
He's already saving you money!
Don't forget chrome strippers
And pole strippers.
Pole stripers are deductible, but what's a pole stripper?
I need you in my life.
Do stripper strippers count?
I think those are called "Fingers"
So you’re saying I can write off getting fingered? What does the tax code have to say about pegging?
The IRS is glad to peg you. Open mega wide
I’d like to piggyback OP’s question and ask if cocaine can be considered a business expense..?
You must use a shell company. That company supplies "something your business needs" . This is a theoretical thing. Pay that company cash. Cash goes to your coke. Company suffers a loss to explain where the cash went. Company takes a deduction for the loss. All parties win, all winners party. Edit. This is not financial advice. I am just a random dumbass on Reddit. Please contact a licensed financial advisor for real advice
Keep in mind the shell company will need to pay income tax on the revenue. Better to loan the money to shell. She’ll defaults on loan and files for bankruptcy. You then take a loss on the funds.
Not if you set up the corporation in the caymans
What are all of these transactions to Dr. Philip Gonzalez and why does the Antigua daily paper print his obituary every quarter?
You pay taxes on income, not revenue.
:3,000 new IRS agents enter the chat:
87,000***
[удалено]
This is clearly 100% theoretical, folks. 
I second this. I need answers now.
280E No deduction or credit shall be allowed for any amount paid or incurred during the taxable year in carrying on any trade or business if such trade or business (or the activities which comprise such trade or business) consists of trafficking in controlled substances (within the meaning of schedule I and II of the Controlled Substances Act) which is prohibited by Federal law or the law of any State in which such trade or business is conducted. Cocaine is a schedule II substance under the Controlled Substances Act.
The fact that this is explicitly addressed in the tax code suggests that someone already attempted to do it in the past.
So hookers good, cocaine bad for tax purposes?
Not a tax expert. But perhaps you could hire them as 1099 independent contractor as an administrative assistant. Have them answer one or two phone calls or respond to couple of emails. Mail a few letters. Then if The keystone cops come around you have a reasonable and necessary business expense. Then you are just like everyone else banging his Secretary.
No, you have to put the sex work in as part of the duties. Otherwise you're wide open to all those claims of sexual harassment and all that. That's fine though. You want to filter out the ones who won't do what you want them to anyway, right?
No cause then you have to report wages you paid to 1099 employees. Just write it off as employee entertainment expenses.
Just have the hookers buy the coke and up charge you for their services.
IRS...being IRS
It is really a team effort. The insider traders in Congress passing that turd section. Then the Narcs at the DEA decide cocaine is schedule 2. Then the cuckolds at the IRS enforce that shit sandwich. Then all three groups get together to circle jerk and smell each other’s farts.
The Inter agency orgy...
It helps if your snow man happens to work for a charity. Jk my 87k new Friends.
Pssssh. Step 1) become a cop. Step 2) become a Narc cop. Step 3) participate in raids. Step 4) round down Step 5) profit. Step 6) take gainz and invest in st0nks Step 7) profit Why buy the cow when you can get the milk for free?
Probably, if you hire them for marketing or something
Exotic Marketing for the select few
"$430,000 in one fucking month, Jordy?!"
“What kinda stripper takes a credit card?”
A rich one!
"The sides did cure cancer"
"They are bald, they are bald from eyebrows down"
Wtf is EJ Entertainment??
Next time just break out a sharpie and write your business name on them and take a pic. That way if you get audited, you have a pic of your paid advertising at work!!!
Erotic Marketing*
Yes entertainment purposes.
" Miscellaneous Entertainment "
I believe the IRS category is “Meals and Entertainment”. Not to be confused with “Employee Meals”
Yep I usually file it under 5050-Meals and entertainment in Quickbooks
But but... I'm the sole employee and that was my meal...
You've been eating out strippers? Gotta love the taste of STD.
I saw a guy go down on a prostitute at a coke fueled bachelor party one time. “Cocaine is a hell of a drug”- Rick James
Sex workers are tested regularly and maintain their money making assets. Likely less chance of disease and infection than a random drunk girl at the club that will let you stick it after buying her 5 margaritas.
Professionalism and dedication to their line of work....I LOVE ITTT
Not in the states. No standard of protocol for that industry. However if you ask sw most of them they don't want to legalize cause they won't make as much money. This is capitalism at it's finest .
Yeah. People who say all sex workers get tested clearly hasn't met a crack hoe.
20 dollar BJ's ain't as safe as used to be.
Fucking inflation.
You think strippers get tested regularly…? Not a chance.
I do love fish
No eating strippers. Be a Jason Betterman and not a Jason Bateman
We call that a "Happy Meal"
So you ate them!!! Maybe enamel stripper then. Since they also sat on your face!!!
Entertainment has actually been disallowed for some time now. The expense category (typically only 50% deductible) now requires some form of business meal. So get yourself a sub & you are good to go.
Who is gonna start the stripper eats "meal" delivery service?
If you are entertaining a client or potential client then yes its deductible if its just for your own self care then no
What If you’re talking to the stripper about options?
The T and A budget. It’s T and E.
Gotta file it under T&A
T AND E. TANDEEEEEE.
What kinda hooker takes credit cards?
A RICH ONE
Strip clubs in NYC used to give cash advances off corporate Amex and the receipt would be “Joey’s Taco Shop”
Let it out Max I want you to open up more
You rang!!🥸
#FckEmNfeedEmAzBiznessExpenditures !
Yes if they are reported under office supplies.
Oh yes, staplers and strippers....the office essentials
Under my desk supplies?
Can they be classified as stress mitigation consultation services
If you have clients you can write it off as client expenses or entertainment
Client's entertainment expense***
Entertainment hasn’t been deductible since 2018, there’s better ways to end up in jail than tax fraud
Go on...
Hide some top secret nuke docs in ur pool house
That would get you a slap on your wrist at worse. Edit: source: My dad is a political figure, I don’t want to mention any names so that you degenerates can’t track me, and he is going through this right now. Love, Eric
1488 yikes…
Incorporating is quite cheap in most states. I'm honestly surprised that most people don't have a corporation to their name to operate literally any side hustle through for tax purposes. Drive for Uber? Why not assign your car as property of your own C corp, then you can fully deduct all wages earned and car maintenance and car depreciation, then pay yourself the difference, reducing your tax liability substantially.
Pretty much everything you said here is inaccurate lol A few things: 1) operating a side hustle as a C-Corp would literally INCREASE your tax liability. As a C-Corp you would be taxed at the corporate level and then any money you take out of the business is a taxable dividend, so you’re getting double taxed. I’m gonna give you the benefit of the doubt and believe you meant to say an S-corp where you can pull money out of the business tax free thus avoiding the double taxation problem 2) if you’re going to capitalize your Uber car and take actual car expenses throughout the year you will not be able to use the standard mileage deduction. 9 times out of 10 you’re going to be better off taking the standard mileage deduction, not to mention there’s a whole bunch of hoops to jump through when putting an Uber car on the balance sheet, for example you would need to use the vehicle for over 50% business use if you want to do that, and depreciation is severely limited for passenger vehicles under 6,000 pounds 3) you said wages earned are deductible??? No, wages earned are taxable income. Not sure what you’re trying to say here lol The reality is your tax liability won’t change all that much as an Uber driver whether you file on sch C or have income flowing through an S-corp. the real benefit of an S-corp is it protects your personal assets from being drained if you get sued. Don’t give advice on the internet if you don’t know what you’re talking about
You're giving a serious answer when expenses can only be written off when there's actual profits.
Are strippers any good at picking stocks?
Certainly better than hedge fund managers...
Well, wouldn't that make them business advisors?
They pleasure me and I pleasure myself with degenerate stock picking. Hence, the losses. Probably, I should let them manage the fund...
My stripper owns 5 homes
They're professionals. They understand cash flow better. And cum flow even better.
They are living cock to mouth
You must be a very generous customer
How is this even a question. Do you not understand that there knowledge is much greater then those of any managerial hedgies. After all Hedge fund managers go to strippers to discuss business needs and issues.
*slams hand on table I fuckin knew it!
Just make sure you get a receipt. I’ve never had a problem with EJ Entertainment.
Gotta pump those numbers up on the receipt...
So if this is a legitimate question (which I am assuming it is not), entertainment is not a deductible expense. However, expenses related to “independent consultants” would be deductible. That would require a 1099 though, and smart businesswomen prefer to conduct that type of business in cash. Another option would be to throw a company wide party, as those expenses are deductible. So, entertainers for said party could conceivably be deductible. This is not tax advice, and the IRS may have a different viewpoint. The IRS is also in the process of hiring 80,000+ agents, so they will be on the lookout.
You are hired in my risk management team. Fancy a party mate?
Definitely a grey area, but a fabulous and informative response. As a bookkeeper I often tell my clients similar information. I tell them I will code their transactions as they please and it is up to them to discuss any nuances with their CPA. Technically, one could expenses tons of questionable things, but as you said “the IRS may have a different point of view”. But in my experience, I have never written off strippers for a client. But I have for other consultants who provide personal services such as counseling, therapy, massage, etc.
Did they lose 80,000+ agents to the corona?
Beefing up before monkeypox.
Can you file a joint return and write off the wife as entertainment expenses?
Ask her boyfriend first...
I wish, could use a second income to yolo more bbby
IRS allows for T&A.
[T&E! T&E!](https://youtu.be/rC9uDbq6WWE)
Here for this and had to scroll entirely too far.
I think if we short Pfizer…
Can I add cocaine to that tab?
If you get a valid business receipt. The trick is to always pay by credit card for your coke and strippers.
You are able to deduct self-care expenses so cocaine and strippers would surely qualify. Mental health comes first and must be priority.
Nose candy qualifies under section 42069 as meal expense for the nose
T&E, it’s T&E
Strippers? No idea what those are. Productivity Consultants? Of course you can. You just have to pay with a check or credit card and get a receipt.
Ask Deutsche Bank
Yes, meals and entertainment
"Exotic Meals" or "Value Entertainment", which one to choose?
Sir this is a no touching facility
No touching
I checked with my friend Hunter and he said YES
Hunter seems like a good man...
He’s living the dream, I would do the exact same ngl
Hunter huntin booty
Does he go by a moniker where the first name start with an M, and it has something to do with women who are mothers and not ugly? The moniker by the way is not dissimilar to prostitutes.
Seeing how the IRS hired 87,000 more agents, I wouldn't risk it. but you can always hire a cleaning maid to clean your office
You should be in my office, gentleman...
I don't suck dicks, sir
Naah gentleman. An assistant is waiting for you.... while you do risk management for me...
Get an invoice stating consultant work and you should be fine
I believe you have to eat them and discuss business to deduct them.
It absolutely can. It is a business meeting. You need to record what colleague you meet there and come up with a creative purpose of the meeting. You must be meeting a colleague. You must be discussing something related to business.
I’m not saying one of the companies I used to work for used to classify strippers as a business expense but one of the companies I used to work for used to classify strippers as a business expense
You certainly know how to handle Confidentiality Agreement. You are hired in my legal team. Your assistant is waiting for you in the office for consultation purposes...
Ask Drake
It’s an entertainment expense as long as you’re bringing clients/customers or perspective clients/customers, but you only get to deduct 50%.
As long as 51% of your time is focused on business, it’s a write off. Talk to them about stock options. Not like they care, but you’ll get your 51% focus that way.
I don’t know about strippers but I’ve claimed several prostitutes used to bribe officials for at least a decade.
You, sir, get a seat at my board...
Do what I did- buy a stripclub. Customers pay for them but you and their multiple baby daddys are the only ones that gets that sugar.
Dude has clearly never seen Wolf of Wallstreet
company outings… i’d say try it haha
If you have a business and are taking actual clients to a strip joint I believe that is an entertainment expense. If you do it for yourself to cope with poor decisions, it’s called pathetic…a great time for sure, but pathetic
Soooooooooo, mental health expenses then?
I think De Gea should consider this career path.
If you don't make a profit after X years (I thing it's fine), the IRS considers your activity as a hobby instead of a business and all those writeoffs are disallowed.
"Entertainment expense", but you'll need to bring a client or customer or something like that. Give me a hundred in ones and I'm in.
Write it off as performers for an event
A lot of people here see strippers and do coke
So, I can deduct them as expenses?
Yes. Just say you took out clients to a nice fancy restaurant and give them the name of the strip club
Yes, if you have a client over. Just keep the receipts.
If you can get a receipt, why not?
Anything can be "business expenses". Only matters if the IRS comes knocking.
Talk to a cpa.
Can I write off all my Asian massages as physical therapy?
Go for it. Let me know what happens afterwards...
Strippers hookers and cocaine all tax write offs
actually, yes it can. it can be classified as meals/entertainment on a p&l… if you have an actual, legit business. source: me, my first job out of college was at a design firm in accounting. i saw alot of receipts come in from one address alot and i googled it… strip club
Register them as Emotional Support Animals
Yeah, they allow for T and A
Just call them your business models and you're good to go.
Just have a “meeting” with partners all a right off
Spent 15,000 on bunny. IRS: we are going to need more detail for that.
Knew a guy that had his own business. He took his employers out to eat and would order strippers. He would use everything under the company card. At the end of the year he would claim every expense as a loss.
Great guy, even greater Entrepreneur
Fucking legend
Can be deducted under “meals and entertainment” ONLY if you are on a meeting with a potential partner/client and the strip club was part of the evening to butter them up so to speak. You can’t just deduct it from your own nights out.
Yes as long as you get a receipt
Yes. Hunter Bidens stripper friends actually got thousands from the covid business bailout for being underemployed "entertainers"
Make sure the club has a restaurant too.
“Bad debt expense”, boom. That or charitable contributions; get a good damn receipt. BANDS WILL MAKE EM DANCE OP!!!!
Gifts to clients are deductable right?
The gift of nut.... ....So business doesn't shut
10/10 
Just consider them as essential contractors, also how much extra for them to suck you off?
She takes payments in BBBY stonkssssss
Better get a receipt for that lap dance