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IRS got me for 40K today!

Discussion in 'BlackHat Lounge' started by CYBERTRON, Apr 6, 2010.

  1. CYBERTRON

    CYBERTRON Regular Member

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    What a bad day for my bank roll. Completed my taxes and had to write a 40K check to the IRS. Yuck! Anyone else happy like me?:D
     
  2. Sanitarium

    Sanitarium Regular Member

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    I guess making love to your eyes since you're read
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    In your mind.
    Pics of you resisting arrest or it didn't happen.
     
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  3. brookshire

    brookshire Junior Member

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    wow.... but on the bright side, you must have banked HARD to owe that much in taxes.
     
  4. oyeah22

    oyeah22 Power Member

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    Damn no wonder why there's so many people using off shore banks
     
  5. CYBERTRON

    CYBERTRON Regular Member

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    yeah.. was a nice year.. Thanks to CU/STRONGER/PROFITROI/TIGER/LEC/MAX. Few things I learned. INC or LLC yourself to save 15%. Play with networks that are not in USA. Perhaps open bank account in panama. Or... Just quit! No money no tax issues hahaha
     
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  6. theWombat

    theWombat Regular Member

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    congrats on the great year! maybe next year youll still owe 40, but on More gross revenue!!!!
     
  7. lilmasta

    lilmasta Jr. VIP Jr. VIP Premium Member

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    u said LEC ? Leading edge cash ?
     
  8. antonio.sequela

    antonio.sequela Newbie

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    Wow, nice to hear!
     
  9. Spawn

    Spawn Jr. VIP Jr. VIP

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    Please more info on these? CU/STRONGER/PROFITROI/TIGER/LEC/MAX

    CU is Cash university right?
     
  10. CYBERTRON

    CYBERTRON Regular Member

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    ewhore till July at LEC legalescortscash which turned into CU cashuniversity. In Sept i went into credit checks with Strongerads who we all know n love! and profitROI. After the crash of profitroi (Martin where are u?) i went to tiger. And I always played with the big CPA guys at Max bounty and Cj. If i can keep myself from getting the Ban.
     
  11. Sharksfan

    Sharksfan Registered Member

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    I paid about the same - income from my consulting company was nice this year but not as good as 2008.

    My online marketing resulted in a -$1308 tax deduction. Just got started last year - learned lots (the expensive way).

    My final check to the IRS will be for $15K + $9800 in quarterlies. I paid in about $23K during the course of 2009.
     
  12. brookshire

    brookshire Junior Member

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    As long as you've still got money in the bank, all is well. The tax man will always get his money.
     
  13. MiLiTARYiV

    MiLiTARYiV Senior Member

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    Pics or it didnt happen
     
  14. 7878

    7878 Executive VIP Premium Member

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    Next year save yourself the heartache and start paying estimated taxes. It doesn't hurt nearly as bad if you just pay as you go. Talk to your accountant about it.
     
  15. noah37

    noah37 Regular Member

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    It's a good problem to have and as you said, make sure to incorporate.
     
  16. Celsius

    Celsius Registered Member

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    My wife and I pay a CPA and we have been with the same guy for years now. He has done an excellent job, two of my friends were audited and I guess it was brutal.
     
  17. us_david

    us_david Newbie

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    I have a proposal for you to avoid it... contact me if you want to know the details. By the way I am not a tax adviser that sort of guy.:)
     
  18. 7878

    7878 Executive VIP Premium Member

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    I smell fraud in the works. Why don't you just post your scam here for everybody to see?
     
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  19. xF430x

    xF430x Registered Member

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    Ouch, get incorporated!!! get a good accountant! get some deductions brotha
     
  20. dw_n_cinti

    dw_n_cinti Regular Member

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    It is not a good idea to use off shore banks. The feds have agreements with most countries.

    And if you are caught, that could be criminal action.

    Most IMers are involved in federal taxable and/or taxed activity. All activity of right (eg. working for a living trading your labor property for other personal property of equal value) within your state of domicile is well argued as not taxable; and any claims upon such should be challenged as without jurisdiction or by motion to dismiss per Rule 12(b)(2). Any government privileged activity that produces a gain or profit may be taxable and more than likely is taxed by some taxing statute. If your IM activity extends beyond your state of domicile then it falls within the commerce clause and therefore within federal jurisdiction. If your agreements focus within your state of domicile then such activity is activity of right and not of privilege; and it would by your duty to hold the gov't within its bounds.

    FYI I am not an attorney, just many years of study on the subject.

    DW