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<blockquote data-quote="shizzzon" data-source="post: 8609185" data-attributes="member: 590338">I didn&#039;t know he was the owner.&nbsp; I thought his dad was or whoever it was that was forced to pay over $200,000 back to the IRS for falsifying their taxes.Coming from a business owner and just &quot;looking&quot; or hearing what is going on, sounds like, to me anyways, that after that happened, there isn&#039;t consistent or flaky reporting of the company making profit on their taxes.Failure to report profit on your taxes can result in the government forcing your business into being listed as a HOBBY which will get taxed tremendously.It&#039;s just ironic a business stating they are getting out at the end of the year seems to imply to forfeit as much inventory as possible so you can report you made a profit by not having as much inventory left over and for the massive fine they were imposed with recently that happened several years ago.Have to be careful taking a leap of faith into the business world.&nbsp; We&#039;ve already seen many companies do this and fail.</blockquote>

[QUOTE="shizzzon, post: 8609185, member: 590338"] I didn't know he was the owner. I thought his dad was or whoever it was that was forced to pay over $200,000 back to the IRS for falsifying their taxes. Coming from a business owner and just "looking" or hearing what is going on, sounds like, to me anyways, that after that happened, there isn't consistent or flaky reporting of the company making profit on their taxes. Failure to report profit on your taxes can result in the government forcing your business into being listed as a HOBBY which will get taxed tremendously. It's just ironic a business stating they are getting out at the end of the year seems to imply to forfeit as much inventory as possible so you can report you made a profit by not having as much inventory left over and for the massive fine they were imposed with recently that happened several years ago. Have to be careful taking a leap of faith into the business world. We've already seen many companies do this and fail. [/QUOTE]

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