u/Conscious_Rich_1003

I didn't even comprehend what I was up to until yesterday...anyway, here is the procedure:

1. Own a sole proprietor engineering company
2. Get paid inconsistently year to year
3. Have a bad year where you make very little (not required, but helps save on fees)
4. Stop paying any taxes the next year (because you didn't pay any last year due to lack of income so why pay this year right?).
5. Start self-building a house using your savings, plus the money you save not paying taxes.
6. Make sure you are super efficient and careful with costs during the build. Being an engineer helps with that.
7. Don't neglect the business either, build the house in your spare time.
8. Have a very good year so you are making a lot and can keep the construction going. But keep not paying taxes for that extra needed cash.
9. Get to april 15th and realize the money you didn't pay in taxes only incurred a $35 fee from the IRS. That equates to an interest rate of around 0.1% annually
10. Also realize (with glee!) that you owe all the cash you need to finish the house to the IRS and paying off taxes would empty your bank account.
11. Set up a payment plan with the IRS. Interest rate is lower than construction loans from a bank. I got a 2 year payoff (I have no idea how much I could've stretched it. IRS literally asks "How much do you want to pay a month" and I put in a number and they said "sounds good")
12. Next incomplete step: finish building the house with the solace in knowing that it is about 35% taxpayer funded.

Easy peasy.

Also, I'm over a year into the build and I'm getting plumbing and electrical inspected and have started insulation. So this is not a fast process.