ilmscore | Tax Evasion Predictions

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Accuracy

Recent Predictions

Total: 2

Correct: 0

Incorrect: 0

Pending: 2

Unrated: 0

Prediction

Author

Predicted at

Status

Video

A TikTok suggests that by owning an S-corp, all personal purchases can be classified as corporate expenses to avoid taxes.

"if you start an S corporation and you own 100 of your S corporation that you can buy everything that..."

Jan 23, 2023

Pending

Deducting personal expenses through an S-corp while working a regular job is tax evasion, carrying a potential five-year sentence.

"you can't just work a normal nine to five job start an S corporation and then begin deducting your p..."

Jan 23, 2023

Pending