If you use your boat as a business...watch out, IRS auditors are on the prowl >>>

1911tex

Member III
If you've ever owned your own business, been an entrepreneur, or
wondered what it's like doing so, this is as close to reality as it gets.
The IRS suspected a fishing boat owner wasn't paying proper wages to his Deckhand and sent
an agent to investigate him.IRS AUDITOR:“I need a list of your employees and how much you pay them".Boat
Owner:
“Well,
there's Clarence, my deckhand, 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".
Boat Owner:
“That would be me. What would you like to know”?

mage
 
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