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Updated almost 8 years ago on . Most recent reply

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Pat L.
  • Rental Property Investor
  • Upstate, NY
3,356
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3,975
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REI Humor

Pat L.
  • Rental Property Investor
  • Upstate, NY
Posted

The IRS suspected a small Real Estate Investor was underpaying some but was inflating wages to other employees and sent an agent to investigate him. 

IRS AUDITOR: “I need a list of your employees and how much you pay them”.

Real Estate Investor: “Well, there’s Clarence, my maintenance guy, he’s been with me for 3 years. I pay him $1,000 a week plus free room and board.

Then there’s the mentally challenged guy.

He works about 18 hours every day and does about 90% of the work around here.

He makes about $10 per week, pays his own room and board, and I buy him a bottle of Bacardi rum and a dozen Budweisers every Saturday night so he can cope with life.

He also gets to sleep with my wife occasionally”.

IRS AUDITOR: “That’s the guy I want to talk to – the mentally challenged one”.

Real Estate Investor: “That would be me. What would you like to know”?

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