I know a guy who started a business just to throw parties for his friends. He’d take a cover charge at the door and buy booze tax free and make sure to never turn a profit.
Got by with a banquet license which is like $8 for the night.
I knew a retired carpet cleaner who occasionally did that. He wasn’t wealthy by any means but if he was going to owe more than 3k in Taxes it was always better for him to spend it on a “business trip”.
I know a guy who started a business just to throw parties for his friends. He’d take a cover charge at the door and buy booze tax free and make sure to never turn a profit.
Got by with a banquet license which is like $8 for the night.
I knew a retired carpet cleaner who occasionally did that. He wasn’t wealthy by any means but if he was going to owe more than 3k in Taxes it was always better for him to spend it on a “business trip”.