Taxes

[socialmediamarketing0]

Hi BHW,

As I am about to make some more money online, I got to thinking....

Do people on BHW pay their taxes on what they make? In the US, I am pretty sure after $1000 (which is "realized") then taxes should start to be paid. Don't worry I am not at that amount yet

However the key to taxes and specifically this online money is that you have to "realize" it or acknowledge to the government that you made it of course.

So answer if you feel like it, do you all "realize" your profits and pay taxes on what you make? Or are there a bunch of rebels out there??

 

[socialmediamarketing0]

Also, as I realize this might be a personal question, I am starting to wonder as well, is this against the Community Guidelines by any chance?? I hope not because I am genuinely curious about this question haha

 

[Leader777]

Hmmm... is this the IRS . No i don't since i'm not in USA but i guess i will soon when i have an LLC

 

[TheShrewMan]

If you want to stay out of prison, then yeah.

If not, then the only advice I can give you is....not to drop the soap.

 

[socialmediamarketing0]

Hmmm... is this the IRS . No i don't since i'm not in USA but i guess i will soon when i have an LLC

I knew someone would suspect that...DARN my cover is blown, I will come back better than ever though

 

[Leader777]

I knew someone would suspect that...DARN my cover is blown, I will come back better than ever though

Haha!! thank god it's not the FBI this time.

 

[ThaiDreamer]

I've been wondering how it looks like for a person that is a citizen of a EU country but is leaving to live for few years on tourist visas in other countries (4-5 years without returning to the home country).

I'm planning to discuss this with a professional of course but if you have some thoughts and experience with that, I'd be glad to know