All Forum Posts by: Xavier Garcia

I keep noticing that people keep classifying neighborhoods as class A, B, C or D. How do I know what class a neighborhood falls into? Is there a website, or information source that list them?

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Originally posted by @Eamonn McElroy:

@Xavier Garcia

As @Alexander Felice noted, the only one who "wins" in this situation, if we can call breaking the law for a net gain and gambling that one won't get caught "winning", is your employer.

You're going to have to explain to lenders how it is you happen to be working but have no taxable income and are not filing income tax returns. They are all going to turn you down for a loan. There's no good way to explain fraud.

Also, as you're not paying FICA you're not accruing Social Security benefits. Another loss for you.

That was very detailed and easy to comprehend. I am only 21 and new to all of this about taxes. I will get him change that for me asap.

Again, thanks for all that information. And no, I didn't ment to commit any frauds.

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Originally posted by @Alexander Felice:

First, you're helping your boss more than you're helping yourself.

Second, banks only lend on what you pay taxes on. So getting paid under the table isn't going to help you with lending at all whatsoever

Thank you for the response

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Originally posted by @Christopher Smith:

Have you ever thought about how much sense it makes to publicly post that you are thinking about not declaring all of your taxable income?

That's why I'm asking, because I want to do the right way. Now I know what needs to be done.

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I have a full time job as a waiter and have not invested in real estate yet. I will soon become a manager of a new restaurant owned by my boss. He gave me the option to say that I'm getting less money so at the end of the year we don't have to pay as much taxes.

Since I'm going to invest in real estate later on, is it better to show my full income so when I'm ready to finance, I could get a higher loan? Or is it not worth it?

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All Forum Posts by: Xavier Garcia

Xavier Garcia has started 2 posts and replied 7 times.

Post: Different class neighborhoods (A, B, C, D, etc.)

Post: Different class neighborhoods (A, B, C, D, etc.)

Post: Different class neighborhoods (A, B, C, D, etc.)

Post: Should I report all of my taxes?

Post: Should I report all of my taxes?

Post: Should I report all of my taxes?

Post: Should I report all of my taxes?