eBay Suspended & PayPal Limited Forums - Do I have to worry about it?

Uhhh yeah, you're required to pay taxes on your profits like the rest of us.. If you don't report your profits on that revenue the IRS could try to tax you on the full $100k+ and not just your profits. Your bank will certainly report those funds to the IRS.

I'm assuming you're asking this because you don't have tax ID's on any of your accounts. You're going to need to add the profits from this revenue to your personal tax return by filling out a 1099-k for yourself.

Stealth is cool but tax evasion is not. :(

empirestate

08-22-2017 12:48 PM

Re: Do I have to worry about it?

Quote:

Originally Posted by likefrasers (Post 866395)

Annually I receive around 100K $ in bank, like 8K per month. Do I need to worry about it? Will there be any tax troubles?

Seriously? Where have you been?
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rsot	08-22-2017 06:38 PM

Re: Do I have to worry about it?

http://www.commonsenseevaluation.com...mmon-Sense.png

damilola

09-21-2017 10:42 AM

Re: Do I have to worry about it?

Well have the similarity issues few months ago but I meet a man that helped me to stop the tax he his an financial professional

damilola

09-21-2017 10:45 AM

Re: Do I have to worry about it?

Yes because I have the same issues as at last 6 month but I'm now free

austyn12x

10-13-2017 12:52 AM

Re: Do I have to worry about it?

Quote:

Originally Posted by likefrasers (Post 866395)

Annually I receive around 100K $ in bank, like 8K per month. Do I need to worry about it? Will there be any tax troubles?

nooo..! avoid the tax and go to jail .

Seriously tho just pay it, you will have to pay more when your caught and maby jail time. If you can't figure that out pay someone who does.

nickopedia

10-13-2017 12:56 PM

Re: Do I have to worry about it?

Please get professional advise.

That's a good chunk of money to garner some attention. If it's even crossing your mind to stiff the tax man, he will get VERY angry and the outcome won't be pleasant.

empirestate

10-13-2017 01:10 PM

Re: Do I have to worry about it?

Quote:

Originally Posted by nickopedia (Post 877501)

Please get professional advise.

That's a good chunk of money to garner some attention. If it's even crossing your mind to stiff the tax man, he will get VERY angry and the outcome won't be pleasant.

Why don't you give all your money to the man... Go ahead...
__________________
How to use Paypal correctly
Run multiple portable Firefox, 1 user account
How to add new PP to eBay
How to clean photos
Best image resizer

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