This page is a permanent link to the reply below and its nested replies. See all post replies »
anythingoes477 · M
Two edged sword isn't it? ;-) You could make $100k a year in unreported tips and compensation if you want to avoid taxes.
But in lenders eyes since you show little or no reported income to them you have no money. That means...no credit...and that means you have a worse credit rating for major purchases than someone who's flat broke. Apartment rentals....car rentals...buying a house....financing a car. All almost impossible......just to save paying taxes.
But in lenders eyes since you show little or no reported income to them you have no money. That means...no credit...and that means you have a worse credit rating for major purchases than someone who's flat broke. Apartment rentals....car rentals...buying a house....financing a car. All almost impossible......just to save paying taxes.