Originally Posted by
addictedangler
You are right however when I first got into my guiding business I sent all required forms and got all required permits and licenses. My wife has worked as business manager for company's for 30 plus years and said either we do it right or not at all. When we filled the forms and sent the checks the first year these payment checks for state and federal were mainly a few dollars. Not long after sending them we got phone calls from 2 agencies. They wanted us to review our forms and send the correct amount of taxes due. I explained we were new in the business and only made a very small profit and the information was correct. Both times the person told me do not even fill out these forms unless you make x amount with a check to us for x amount of dollars. There explanation was these small claims are assumed to be incorrect by the computer and come to the attention of someone who has to investigate what is wrong. Bottom line is it cost more money for the work done then the check you send.
Good on you guys for doing the right thing, regardless of the original outcome. I could see where someone could constrew the information as being incorrect and send up a red flag. On the flip side, I guess if you are doing the right thing, you have nothing to worry about.
The key information when I wrote this was what all the money actually was supposed to be for. Many people didn't know about either act and the information was well received. It was actually aimed at one particular business that was illegally operating and making huge returns. It served two purposes and people quickly learned that by purchasing stuff from said business, they were cheating themselves and others.
I have OCD "Obsessive Crappie Disorder"