Yep, I had a crooked partner that did this. Run a successful subcontracting business for 7 years, building over 20 homes a week. Then one day, the IRS shows up and starts taking shit, amd eventually shut us down. Thanks partner!
All in the name of a boat, a radio show je was starting to broadcast, and some BLOW. He left 12 guys out in the cold with no job. They were unskilled labor, and a couple of skilled guys. Not cool.
Great business man, doing great things for our local economy. You know, if he didnt have tax breaks he couldnt make those jobs......