We had to pay ten dollars each time we went to an Amway meeting that was held in an auditorium and where a Diamond was speaking. It was a little price to pay for the information and wisdom we were about to gain from these individuals.
Yes, that's correct. Take advantage of me! Take advantage of me!
This is the first and only organisation for which I have ever worked where the employees are required to pay for training. Also, I use the term "training" in a loose sense. After gushing about their fantastic materialistic lives, the Diamonds presented the board with a plan to implement their visions. They were able to complete it in less than half the time it took our piece of shit Platinum to present the board with the plan. And we're expected to pay to listen to this nonsense? You cretins are all saying the same thing at the same time! As a bonus for us, we get to hear the board plan for "free" two or three times a week when the filthy sack of shit Platinum hosts a living room meeting in one of his victims' residence.
Most of the time, Platinums were in charge of selling tickets at the door, and while they would accept cash, they preferred checks made out to Cash be presented. If the check bounced, you'd have to write the name of your Platinum in the memo line so that the Diamond would know who was to blame for the infraction if the check bounced.
They would advise the ambots that it was preferable to pay by check rather than cash since it would allow them to keep a record of the cancelled check, which they could then use as a business deduction on their taxes.
Hunh? You've got to be kidding me. Why aren't the jerks in charge of collecting the door proceeds required to give out receipts? That is how genuine businesses conduct their operations. They even provide receipts! You "may" be able to claim a tax deduction if you are running a legal business rather than participating in a pyramid scheme in this manner. A check made payable to cash is worthless! There is no proof of anything! Anyone can walk into a bank with a check made payable to cash and walk away with cash in hand. It's likely that not many individuals are aware that cheques payable to cash are not usually recognised by banking institutions because their legality is rather murky. Checks are supposed to be made out to a specific individual (or business). The check is then deposited into a bank account; the name on the check and the name on the bank account into which the check is being deposited must match, or the bank employee will question you about why you are depositing a check payable to someone else into your account, and if you don't have a satisfactory answer, the check will be rejected. You could have gotten away with stealing that cheque! In most cases, if you insert a check payable to cash into the bank machine, it will be denied because the bank employees will not be able to question you about the check. If a person goes into a bank and tells the teller why they have a cheque payable to cash drawn on someone else's bank account, they have a larger probability of being successful. Oh my goodness, I've stolen it! This is due to the fact that a cheque payable to cash can be cashed by anyone who comes into possession of it because it is not payable to a specific individual. Paying cash with a check can be a legitimate situation in which the check writer is merely uninformed that they shouldn't be doing so in case the check is stolen or goes missing. Checks payable to cash may be refused if there is a suspicion of possible fraudulent conduct. This is the most common reason for this.
Hmm. Checks made payable to the cashier. There is a possibility of fraud. Amway. All of this makes sense in terms of why the cult leaders want checks payable in cash.
However, the actual reason why Diamonds insists on having the check made payable to cash at these gatherings where he speaks a few times a month is to avoid paying taxes on the money. The check is not made payable to the individual. It is impossible to determine who cashed it or, more significantly, who kept the money once it was cashed.
The cult leaders also prefer cheques made payable to cash because it is possible that the proceeds will be divided among several members. First and foremost, the rental of the auditorium must be paid, which is handled by someone who is most likely an Emerald or Platinum. The remainder of the checks will be given to the Diamond speaker as compensation for his or her time spent delivering wisdom to the populace. The dirty work of cashing all of the checks payable to cash and then passing over a stack of Benjamin Franklins to the Diamond is more than likely performed by someone lower on the organisational hierarchy who can be used as a scapegoat in the event of an audit.
As a result of the meetings I attended, there would have been at least 400 ambots in attendance to listen to the Diamond bullshitter, so do the arithmetic on how much a Diamond can earn for three or four hours of defrauding his cult members. On a weekday, I can't believe that renting out an auditorium or theatre at a school would cost more than a few hundred dollars. If it was always going to be empty, at the very least the school will make a few dollars out of it. Platinum is given the honour and luxury of studying every high school and theatre within a hundred mile radius in order to select the one that is the most affordable to rent. I suppose some jerk does this for a living. He might get a bonus if he can locate a gratis rental property that accepts checks made payable to cash.....
Amway is a firm that specializes in multi-level marketing and has been in business for more than 60 years. Throughout the years, the corporation has been at the center of a number of issues, including allegations that it committed tax cheating. It has been claimed that some Amway distributors have avoided paying taxes by making checks payable to cash. This is one of the strategies that has been used. In the following paragraphs, we will take a more in-depth look at this practice and investigate whether or not it is lawful.
Checks payable to cash are a kind of payment in which the recipient of a check does not have to open a bank account in order to cash the check; rather, they can cash the check at any bank or other financial institution. This kind of payment is frequently utilized by businesses in the process of paying for smaller purchases or in the practice of reimbursing employees for smaller expenses.
For many years, the use of checks that are payable to cash in multi-level marketing systems has been considered a contentious business practice. Distributors are required to engage in the practice, which entails writing checks that are payable to cash and afterwards employing the cash to pay for expenses such as the purchase of products, travel expenses, and other personal expenses. The usage of checks that are payable to cash enables distributors to circumvent the need that they record these costs alongside their income on their tax filings.
The Internal Revenue Service (IRS) has taken a resolute position against individuals who try to avoid paying taxes by writing checks that are payable to cash. The Internal Revenue Service mandates that every source of income, irrespective of whether or not it was earned, must be disclosed on an individual's tax return. If you fail to record your income, you may be subject to financial penalties as well as interest fees.
In recent years, one of the primary focuses of attention for the Internal Revenue Service (IRS) has been on the practice of Amway distributors using checks payable to cash. In 2010, the Internal Revenue Service began an investigation into Amway distributors who were evading taxes by utilizing the payment method. The Internal Revenue Service went after Amway distributors who, despite making considerable amounts of money from their Amway businesses, had declared very little or no income on their tax forms.
As a result of the crackdown, the Internal Revenue Service (IRS) issued warning letters to hundreds of Amway distributors, telling them that their tax returns would be scrutinized and asking them to provide supporting documentation. As a direct result of the crackdown, several distributors were required to make back tax payments along with interest and penalties.
It is vital to keep in mind that using checks payable to cash is not only unethical but also illegal, which means that doing so can have severe repercussions, despite the fact that it may appear to be a straightforward and efficient approach to avoid reporting revenue. Distributors who are detected employing this strategy may risk criminal charges, fines, and even imprisonment if they are found to be in violation of the law.
In conclusion, the usage of checks payable to cash by Amway distributors as a method of evading taxes is a severe problem that has drawn the attention of the Internal Revenue Service (IRS). Distributors that participate in this practice do so at their own peril and run the danger of facing harsh repercussions if they are discovered. It is imperative for Amway distributors to include all of their income when filing their tax returns and to consult with a tax professional whenever they have any queries regarding the tax obligations they are obligated to meet.
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