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226. From Civil to Criminal: Ensuring Real Estate Investors Stay Clear of Tax Troubles

Tax Smart Real Estate Investors Podcast

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The Importance of Keeping Clients as Clients

If you don't want to deal with the administrative pieces of running a business, then don't run a business. Get a job or scale your business up to a point where you can hire out the services needed for all that back end office admin work. Most people don't realize this is that failing to file a tax return is a crime. Not doing so is a misdemeanor and misdemeanors up to one year in prison. Wesley Snipes was found guilty of failing the file tax return for multiple years and the judge stacked it on them. So he just didn't get one year total. But if you're going to be that is such a good point.

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