Mayram Aram was on Hedgecock today

[meadandale]

I lost all credibility for that guy when I called him back in 1999. I didn’t have a realtor and he pushed his dad on me. His dad did absolutely zero work. All of the homes we ended up looking at were ones that I found on the internet and when I would ask him pointed questions about whether the asking prices were a ‘good deal’ he had nothing. Wouldn’t run any comps, wouldn’t give any opinion, didn’t do any work except show up and let me into the places.

I laugh everytime I hear him on the radio–what a charlatan.

[meadandale]

@pk92108

We don’t all do that.

You have to be able to make at least a passing case that the item was a business related expense. Obviously some accountants and business owners are shady and will try and push anything through their business to get the tax break. The IRS will say otherwise when it catches up to them. These things are huge red flags and an audit waiting to happen.

[meadandale]

@pk92108

We don’t all do that.

You have to be able to make at least a passing case that the item was a business related expense. Obviously some accountants and business owners are shady and will try and push anything through their business to get the tax break. The IRS will say otherwise when it catches up to them. These things are huge red flags and an audit waiting to happen.

[meadandale]

@pk92108

We don’t all do that.

You have to be able to make at least a passing case that the item was a business related expense. Obviously some accountants and business owners are shady and will try and push anything through their business to get the tax break. The IRS will say otherwise when it catches up to them. These things are huge red flags and an audit waiting to happen.

[meadandale]

@pk92108

We don’t all do that.

You have to be able to make at least a passing case that the item was a business related expense. Obviously some accountants and business owners are shady and will try and push anything through their business to get the tax break. The IRS will say otherwise when it catches up to them. These things are huge red flags and an audit waiting to happen.

[meadandale]

@pk92108

We don’t all do that.

You have to be able to make at least a passing case that the item was a business related expense. Obviously some accountants and business owners are shady and will try and push anything through their business to get the tax break. The IRS will say otherwise when it catches up to them. These things are huge red flags and an audit waiting to happen.

[nostradamus]

I’m self-employed and have taken out two loans: one to buy my place (with Downey S&L) and another to refinance it when rates dropped (I got a fixed loan at 4.75% with Wamu).

A stated income loan (AKA liar loan) means they don’t look at documentation like tax returns, W2’s (self-employed don’t get those), and others. Being self-employed doesn’t mean you need to go with a “stated income” loan. You can provide tax returns, 1099 forms, bank records, and of course your FICA score.

As for “having no sympathy for the self-employed” I’m assuming you mean only the ones who write off things like xmas trees and other non-business related items. Although there is great temptation to do this, a self-employed tax filing is an automatic red flag for IRS auditors. I write off as many deductions as possible (home office, business-related travel expenses, etc) but do it all legally and have nothing to hide when the auditors come a’ knockin’. I leave the white-collar crime to our elected officials.

[nostradamus]

I’m self-employed and have taken out two loans: one to buy my place (with Downey S&L) and another to refinance it when rates dropped (I got a fixed loan at 4.75% with Wamu).

A stated income loan (AKA liar loan) means they don’t look at documentation like tax returns, W2’s (self-employed don’t get those), and others. Being self-employed doesn’t mean you need to go with a “stated income” loan. You can provide tax returns, 1099 forms, bank records, and of course your FICA score.

As for “having no sympathy for the self-employed” I’m assuming you mean only the ones who write off things like xmas trees and other non-business related items. Although there is great temptation to do this, a self-employed tax filing is an automatic red flag for IRS auditors. I write off as many deductions as possible (home office, business-related travel expenses, etc) but do it all legally and have nothing to hide when the auditors come a’ knockin’. I leave the white-collar crime to our elected officials.

[nostradamus]

I’m self-employed and have taken out two loans: one to buy my place (with Downey S&L) and another to refinance it when rates dropped (I got a fixed loan at 4.75% with Wamu).

A stated income loan (AKA liar loan) means they don’t look at documentation like tax returns, W2’s (self-employed don’t get those), and others. Being self-employed doesn’t mean you need to go with a “stated income” loan. You can provide tax returns, 1099 forms, bank records, and of course your FICA score.

As for “having no sympathy for the self-employed” I’m assuming you mean only the ones who write off things like xmas trees and other non-business related items. Although there is great temptation to do this, a self-employed tax filing is an automatic red flag for IRS auditors. I write off as many deductions as possible (home office, business-related travel expenses, etc) but do it all legally and have nothing to hide when the auditors come a’ knockin’. I leave the white-collar crime to our elected officials.

[nostradamus]

I’m self-employed and have taken out two loans: one to buy my place (with Downey S&L) and another to refinance it when rates dropped (I got a fixed loan at 4.75% with Wamu).

A stated income loan (AKA liar loan) means they don’t look at documentation like tax returns, W2’s (self-employed don’t get those), and others. Being self-employed doesn’t mean you need to go with a “stated income” loan. You can provide tax returns, 1099 forms, bank records, and of course your FICA score.

As for “having no sympathy for the self-employed” I’m assuming you mean only the ones who write off things like xmas trees and other non-business related items. Although there is great temptation to do this, a self-employed tax filing is an automatic red flag for IRS auditors. I write off as many deductions as possible (home office, business-related travel expenses, etc) but do it all legally and have nothing to hide when the auditors come a’ knockin’. I leave the white-collar crime to our elected officials.

[nostradamus]

I’m self-employed and have taken out two loans: one to buy my place (with Downey S&L) and another to refinance it when rates dropped (I got a fixed loan at 4.75% with Wamu).

A stated income loan (AKA liar loan) means they don’t look at documentation like tax returns, W2’s (self-employed don’t get those), and others. Being self-employed doesn’t mean you need to go with a “stated income” loan. You can provide tax returns, 1099 forms, bank records, and of course your FICA score.

As for “having no sympathy for the self-employed” I’m assuming you mean only the ones who write off things like xmas trees and other non-business related items. Although there is great temptation to do this, a self-employed tax filing is an automatic red flag for IRS auditors. I write off as many deductions as possible (home office, business-related travel expenses, etc) but do it all legally and have nothing to hide when the auditors come a’ knockin’. I leave the white-collar crime to our elected officials.

[patientrenter]

Hats off to you, nostrad. I admire the self-employed. I just don’t admire anyone who cheats.

Patient renter in OC

[patientrenter]

Hats off to you, nostrad. I admire the self-employed. I just don’t admire anyone who cheats.

Patient renter in OC

[patientrenter]

Hats off to you, nostrad. I admire the self-employed. I just don’t admire anyone who cheats.

Patient renter in OC

[patientrenter]

Hats off to you, nostrad. I admire the self-employed. I just don’t admire anyone who cheats.

Patient renter in OC

[Author]

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