Would you accept this offer?

Discussion in 'Questions From New Drivers' started by Solo Soul, Jul 21, 2021.

  1. JustCallMeDriver

    JustCallMeDriver Light Load Member

    119
    252
    May 5, 2021
    0
    That's not how the IRS works. They use their limited funds (rich people control the government and therefore control the purse strings and mission of the IRS) to go after targets that are most likely to yield success. That means they go after people who can't afford the best lawyers, at a rate extremely disproportionate to the rich people and corporations they go after, even after accounting for how many more average Joes there are than the wealthy elites and the Forune 500 companies.
     
    slow.rider and Solo Soul Thank this.
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. Cattleman84

    Cattleman84 Road Train Member

    7,014
    38,635
    Nov 1, 2017
    The Sticks, Idaho
    0
    Not that flow out of your account is bad, cash flow is actually good... But they will want to know what it is for and how much you owe.
     
    Solo Soul Thanks this.
  4. Rubber duck kw

    Rubber duck kw Road Train Member

    5,153
    14,325
    Dec 9, 2017
    0
    You would want it in some sort of an LLC or corporation. You should be asking a good tax attorney type of person these questions.
     
  5. Solo Soul

    Solo Soul Medium Load Member

    352
    486
    Jun 9, 2021
    On top of a hill
    0
    The proper use of the 120k IMO would be to buy a Mercedez S Class and start a Limosine business, it will be better than delivering food for sure. Or an Owner Operator truck driver could buy another truck with it and lease to some driver. It is starting to make sense to me now. See, that's why I come here and ask questions. I get to learn things
     
  6. Solo Soul

    Solo Soul Medium Load Member

    352
    486
    Jun 9, 2021
    On top of a hill
    0
    Hey Onwer Operators, go get lots of money from SBA!
     
  7. Ridgeline

    Ridgeline Road Train Member

    17,834
    75,583
    Dec 18, 2011
    Michigan
    0
    I didn’t read all the posts, but I’m a bit ticked about this, the sba isn’t there for personal loans, they are there for business loans.

    Changing “careers” isn’t a business and using a penny of an sba backed loan to me is fraud.

    Now before the op tries to justify this, I know someone else who came here and asked a lot of questions and then went to the government to get “free money” to start a business but bought a boat with it. That’s fraud.
     
  8. Kyle G.

    Kyle G. Road Train Member

    1,898
    8,322
    Jan 23, 2016
    Eastern Iowa
    0
    720 is not a bad credit score at all. Why didn’t you just walk into your bank, sit down with a banker and say, “hey, I am planning on starting a new career soon and would also like to finance a house in the near future. What’s the best way for me to get some money in my account and also give my credit a little boost?” I mean, you should easily qualify for a personal loan for 5k, use that to get through truck school, then pay it off when you start trucking and be set. Save up down payment money as you go. There are also down payment assistance programs out there depending on where you live. But don’t listen to me, I’m no banker and neither is anyone else here. Just go to your bank and talk to them. LOL
     
    firemedic2816 and Solo Soul Thank this.
  9. Hazmat Cat

    Hazmat Cat Medium Load Member

    605
    1,688
    Oct 18, 2019
    0
    I agree with the others that said send the $20k back right now, but before you do that, maybe take it to the casino first. Boom! You’re welcome.
     
  10. skallagrime

    skallagrime Road Train Member

    1,621
    3,173
    Apr 10, 2012
    Indiana
    0
    Thats literally a home loan... 120k at 3.75% 30 year...
     
    jamespmack and Cattleman84 Thank this.
  11. Redtwin

    Redtwin Road Train Member

    4,831
    6,061
    Aug 17, 2012
    PBC, FL
    0
    Depends on where in the country you are. I know in my area, garbage men make less than $1k per week based on the job listings I see.

    Also, unless they show me pay stubs or tax returns, I don't believe what any truck driver tells me they make.
     
    Solo Soul Thanks this.
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  • Draft saved Draft deleted