How long can i keep doing this?

It's funny how when you put the words "THE" and "IRS" it spells out THEIRS!!!

F the damn IRS!!!! They still owe me a thousand for some tax returns they didn't send to me properly.

But yes, you should definitely pay your taxes. There would be more trouble than it's worth.
 
Looks like i need to look for an accountant then.

Since i am not a business or an entity, can i still get the same deductions or will they be much less as if i had an LLC?

Another problem, how do i find a REALLY good accountant. From reading on other forums many people say they had some bad luck with the ones they chose.
 
What people say is just bullshit.
Any accountant that has even a little experience with filling tax forms will be able to do your tax return for less than $100, as it is pretty simply, your source of income being IM and money coming from PayPal.

Just contact anyone with some references and explain your situation. It will be a piece of cake for an accountant. BTW - you need him only once a year, for making a tax return for you. Do not need to hire anyone for long term co-operation, given your situation.

Looks like i need to look for an accountant then.

Since i am not a business or an entity, can i still get the same deductions or will they be much less as if i had an LLC?

Another problem, how do i find a REALLY good accountant. From reading on other forums many people say they had some bad luck with the ones they chose.
 
Sorry guys, I'm pretty lost on the topic of taxes. Is there any set minimum in order to pay taxes? I don't make too much online, but I'm just curious because I don't want there to be any trouble.
 
Sorry guys, I'm pretty lost on the topic of taxes. Is there any set minimum in order to pay taxes? I don't make too much online, but I'm just curious because I don't want there to be any trouble.

How much do you make. That's what it comes down to. The usual rule is, you make profit you pay taxes. Finding a good accountant i would say is the hardest part.
 
The reason i was saying i wanted a good accountant is because i would think one would know more than another about deductions and possible little more to help me out.
 
I live in the 3rd world and I pay my taxes even though no one doing anything online over here does. Why? Because I am building my future, not something that will come back and bite me after a while. The more loose ends you leave out, the bigger chance something will get screwed up after you "make it" and start living that life you've be grinding so hard for.

Pay your taxes or get a payoneer virtual bank acct, receive money there and use it with a payoneer prepaid card. Don't get caught in the middle.
 
We all kind of forget that taxation without representation is fraud right? So, if you fraud, the fraudster's will come take your fraud and run with your fraud unless you fraud you're way into being sovereign. Then they'll pass the fraud law that makes you pay taxes, I mean fraud. The IRS is garbage.

It's unfortunate and unconstitutional that we have to pay taxes.

/endrant
 
How much do you make. That's what it comes down to. The usual rule is, you make profit you pay taxes. Finding a good accountant i would say is the hardest part.

Well I make a little under $1000 in a year to be general. I would still have to pay taxes correct?
 
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