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arthur_affect's profile
Arthur Chu
Arthur Chu
Arthur Chu
Verified account
@arthur_affect

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Arthur ChuVerified account

@arthur_affect

Mad genius, comedian, actor, and freelance voiceover artist broadcasting from the distant shores of Lake Erie (he/him)

Broadview Heights, Ohio
arthur-chu.com
Joined August 2009

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    1. Dudes Posting Their W’s‏ @DudespostingWs Mar 15

      pic.twitter.com/GGvqj1HMWK

      619 replies 34,820 retweets 375,058 likes
    2. Tony Soprano‏ @TheBlueIsIn123 Mar 15
      Replying to @DudespostingWs

      Dis dude be like:pic.twitter.com/8G2D6dOFAB

      3 replies 230 retweets 14,805 likes
    3. Shifty Gator‏ @bibliowanksta Mar 15
      Replying to @TheBlueIsIn123 @DudespostingWs

      Well he can either: pay himself more to buy the trip himself, with a shit ton of money going to the federal government or - expense the trip through the company, have less taxable income at the end of the quarter, getting a double whammy of not paying big brother

      4 replies 33 retweets 2,065 likes
    4. Samuel Gilleran‏ @sdgilleran Mar 15
      Replying to @bibliowanksta @TheBlueIsIn123 @DudespostingWs

      Hate to break it to you, but the amount of the trip is taxable income to him.

      2 replies 0 retweets 41 likes
    5. Shifty Gator‏ @bibliowanksta Mar 15
      Replying to @sdgilleran @TheBlueIsIn123 @DudespostingWs

      No it's not. It's a business trip. You'd be surprised what a company can count as business expenses. All he'd have to say is it was a team building trip (doesn't matter that he's the only employee) or justify some event occurring in the general time frame as being work related

      8 replies 9 retweets 631 likes
    6. ɱıƈɧɛƖƖ 🖤 ☘‏ @MichellxNicole Mar 15
      Replying to @bibliowanksta @sdgilleran and

      If he called it a "team building trip", the IRS auditor would laugh at him and hand him a bill.

      1 reply 0 retweets 4 likes
    7. Shifty Gator‏ @bibliowanksta Mar 15
      Replying to @MichellxNicole @sdgilleran and

      I'm sure he could find some justification at least tangentially related to termites and pest control.

      2 replies 0 retweets 4 likes
    8. Arthur Chu‏Verified account @arthur_affect Mar 15
      Replying to @bibliowanksta @MichellxNicole and

      I knew a guy who worked as an auditor who talked a lot about the annoying overconfidence of people who think auditors are machines and not human beings

      1 reply 0 retweets 7 likes
      Arthur Chu‏Verified account @arthur_affect Mar 15
      Replying to @arthur_affect @bibliowanksta and

      People get away with things like this because the IRS is very busy and overlooks a lot of things That doesn't mean this is actually how the rules work If a human auditor actually saw someone doing this, they would be in big trouble and at minimum have to hire a lawyer

      10:28 PM - 15 Mar 2021
      • 7 Likes
      • max ɱıƈɧɛƖƖ🖤☘ Xallec Dominic Brian Vaughan, CFA Samuel Gilleran
      1 reply 0 retweets 7 likes
        1. New conversation
        2. ɱıƈɧɛƖƖ 🖤 ☘‏ @MichellxNicole Mar 16
          Replying to @arthur_affect @bibliowanksta and

          That's very true. The IRS isn't going to audit everyone who fudges on their tax returns. There are certain red flags that can trigger an audit. The repercussions of doing something like in the OP also can depend on the auditor.

          1 reply 0 retweets 0 likes
        3. ɱıƈɧɛƖƖ 🖤 ☘‏ @MichellxNicole Mar 16
          Replying to @MichellxNicole @arthur_affect and

          As a CPA, I've seen some IRS auditors that just disallow the expense, assess the tax and penalties, and move on. However, I've come across one auditor that went after everyone connected to the company under audit, as well as went back years on that company. So it just depends.

          0 replies 0 retweets 0 likes
        4. End of conversation

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