You run an orphanage and have had a hard time making ends meet. A car dealership offers you $15,000 vehicle for free if you will falsely report a dealership donation worth $30,000 to the government. Do you take it?
-
-
Answer:
No. Its wrong and if the IRS catches you... I shudder to think.
AntigoneRising at Answerbag.com Visit the source
Other answers
Is this a real life situation? I would have to say no because this could put me in deeper debt and more trouble than what I would already be in.
PurpleRN
No, I had a computer store for many years, if it rained I would always have some nut come in and want insurance papers filed for them. Then if their was something wrong they wouldn't even have me build the new computer. Screw them, what are they doing but possibily getting you in trouble with the IRS
downdog
no If the dealer wanted to help out a little more maybe but to risky we could walk before I end up in jail and the kids end up on the streets.
thinkin
Of course. Number one, I know (whether he does or not) just how those letters have to be written, and number two, I would delegate that to our accountant who does the required quarterly filings for the IRS. Any such 'report' has to say "Thank-you for your in-kind donation..." and list the item. This is especially true of vehicles of any kind. The government is wise to this sort of thing, and while it can be done, it is difficult to fool Uncle Sam when it comes to vehicles. (They have access to the weekly auction reports that dealers get.) Moreover, value is subjective and true 'retail' can be whatever the market will bear. As example, years back, certain Toyotas were selling for MORE than sticker, simply because of demand. The same occured when Ford rolled out the Mustang (one excited customer drove right through the showroom glass walls). That would be the job of the accountant, and the dealer would know that as well. And finally, once he has his letter, his accountant can (and some do) play with it in different ways to get the most value from it, so that it is worth more than simply twice the value to him. People who deal with 501(c)3 organizations already know this, more so than shop owners and the general public. A letter acknowledging a donation has to list the donation, or the organization could jeopardize their non-profit status with the government.
blessings
No way. You are risking not only your own reputation but the futures of the children in your care. If you are having trouble making ends meet, seek help from government and non-government agencies, and find someone who can give you financial advice, on how to make donations go further/how to find new sources of income. I deal with orphanages overseas, and they have had to think outside the square to feed their children, including growing cash crops and making handicrafts. A webiste helps too, as you can advertise that you exist.
singwell-is off researching a lot
Related Q & A:
- For a first time boat owner is a jet engine or an outboard engine better?Best solution by Yahoo! Answers
- Why does my 92 Mercedes 300E have a hard time starting up when it's cold?Best solution by Yahoo! Answers
- Is it legal for a car dealership to charge a salesperson for a customer's bounced check?Best solution by Yahoo! Answers
- Can a car dealership make me sign a new contract?Best solution by Yahoo! Answers
- What are the differences between people who have dyslexia, and people who have a hard time writing papers?Best solution by Yahoo! Answers
Just Added Q & A:
- How many active mobile subscribers are there in China?Best solution by Quora
- How to find the right vacation?Best solution by bookit.com
- How To Make Your Own Primer?Best solution by thekrazycouponlady.com
- How do you get the domain & range?Best solution by ChaCha
- How do you open pop up blockers?Best solution by Yahoo! Answers
For every problem there is a solution! Proved by Solucija.
-
Got an issue and looking for advice?
-
Ask Solucija to search every corner of the Web for help.
-
Get workable solutions and helpful tips in a moment.
Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.