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I need to make $100k in 3 months or else I have a big problem

Discussion in 'Business & Tax Advice' started by thijmedevisser, Jun 9, 2019.

  1. thijmedevisser

    thijmedevisser Junior Member

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    Hi Guys,

    I really have a big problem. I invested all my money in crypto and it didn't go well. I also invested my savings and I need to pay $100k income tax within 3 months.

    I'm really scared and don't know what to do at this point because I only have $10k in my savings, $15k in crypto and I'm afraid they are going to take my house.

    I have the biggest social reach in my country (NL) with viral websites and 15 million pageviews a month, and this is my fulltime income and living. I'm now making around $10k with my facebook traffic and ofcourse this isn't enough. I'm open to any collab, working together or tricks how to make more uit of my business.

    Do you guys have any tips, tricks, business opportunities on what to do, black hat is also an option. I'm open to any suggestion!

    I think I'm going to make a journey of this in this forum of course with the help of you guys!
     
    Last edited: Jun 9, 2019
  2. MisterF

    MisterF Moderator Staff Member Moderator Jr. VIP

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    Moved to Business & Tax advice


    "$100k income tax within 3 months."
    What is the tax rate in Holland?

    I'd spend some of your money and seek legal and tax advice.
     
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  3. thijmedevisser

    thijmedevisser Junior Member

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    I should have saved the 100K for my income tax but I didn't...
     
  4. Naroha

    Naroha Supreme Member

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    So basicly you are a rich af dude but dont know about taxes. Alright then
     
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  5. thijmedevisser

    thijmedevisser Junior Member

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    Not rich because I don't have a penny at the moment, I currently have -$100K
     
  6. Naroha

    Naroha Supreme Member

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    So how did you earn that money in first place?
     
  7. thijmedevisser

    thijmedevisser Junior Member

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    "I have the biggest social reach in my country (NL) with viral websites and 15 million pageviews a month, and this is my fulltime income and living. I'm now making around $10k with my facebook traffic and ofcourse this isn't enough."
     
  8. MisterF

    MisterF Moderator Staff Member Moderator Jr. VIP

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    I'd spend some of your money and seek legal and tax advice. Without being funny here you might want to consider bankruptcy, which if you were in the UK I'd be suggesting.
     
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  9. Stuffedegg

    Stuffedegg Regular Member

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    +1

    I think you would be stupid to do anything else.

    Can the tax office not take say 50% of your income for 2 and a half years?
     
  10. Naroha

    Naroha Supreme Member

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    So you get 120k$ a year and need to pay 100$k taxes? I mean Im not an expert but that doesnt sound about right
     
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  11. thijmedevisser

    thijmedevisser Junior Member

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    I had better days, this is the tax I have to pay of 2017 which were way better years :(
     
  12. drewp123

    drewp123 Junior Member

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    There may be a chance you can apply for an extension, then apply this year's losses to last year's gains. This won't generally work, but there could be a workaround. As stated above, get some professional advice!
     
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  13. Naroha

    Naroha Supreme Member

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    Well as @MisterF already mentioned go and get some professional help, no one here will provide you some magical "100k in 3months method"
     
  14. Stuffedegg

    Stuffedegg Regular Member

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    You went 2 years earning wedge and paid nothing?? Edit: then wait till 3 months before you are screwed and come to bhw?
    Dude im not being funny but this doesn't sound right. You have totally screwed up
     
  15. Viniyois

    Viniyois Regular Member

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    Installment payment. U pay interest but better than losing house
     
  16. creatorsaurabh001

    creatorsaurabh001 Regular Member

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    Sell your house, pay the tax. Buy another house on EMI
     
  17. redarrow

    redarrow Elite Member

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    what will happen if you said you spent it like a mad man and hoping of a solution to pay it all back ...

    your earning afther tax are, and can give x amount per month .

    why not get a mortgage against your home

    100k owd is 35℅ 350k spent .

    what the % in tax owd

    you spent lot more then 100k if 100k for tax
     
    Last edited: Jun 9, 2019
  18. creatorsaurabh001

    creatorsaurabh001 Regular Member

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    Or rent your house, pay the tax by using the security deposite money so that you will get time to earn of atleast a year.
     
  19. smacker

    smacker Jr. VIP Jr. VIP

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    sell the traffic source
     
  20. yuuzokun

    yuuzokun Jr. VIP Jr. VIP

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    [​IMG]
     
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