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  #1  
Old 08-19-2017
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Default Do I have to worry about it?

Annually I receive around 100K $ in bank, like 8K per month. Do I need to worry about it? Will there be any tax troubles?
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  #2  
Old 08-19-2017
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Default Re: Do I have to worry about it?

Speak to a financial professional - like accountant or so
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Old 08-22-2017
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Default Re: Do I have to worry about it?

You're worried about for what ?

Bank account or paypal ?
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Old 08-22-2017
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Default Re: Do I have to worry about it?

Banks are obligated to report any amount received over $20k.
Paypal are the same.
better contact an accountant to get some professional advice.
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Old 08-22-2017
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Default Re: 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. :(
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Old 08-22-2017
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Default Re: Do I have to worry about it?

Quote:
Originally Posted by likefrasers View Post
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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Old 08-22-2017
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Old 09-21-2017
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Default 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
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Old 09-21-2017
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Default 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
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Old 10-13-2017
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Default Re: Do I have to worry about it?

Quote:
Originally Posted by likefrasers View Post
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.
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Old 10-13-2017
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Default 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.
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Old 10-13-2017
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Default Re: Do I have to worry about it?

Quote:
Originally Posted by nickopedia View Post
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...
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