Do I have to worry about it?

[likefrasers]

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

[rsot]

Speak to a financial professional - like accountant or so

[cool25]

You're worried about for what ?

Bank account or paypal ?

[slokor]

Banks are obligated to report any amount received over $20k.
Paypal are the same.
better contact an accountant to get some professional advice.

[phaz0rz]

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]

Originally Posted by likefrasers

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?
__________________
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

[rsot]

[damilola]

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]

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

[austyn12x]

Originally Posted by likefrasers

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]

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]

Originally Posted by nickopedia

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