/biz/ - Business & Finance

I need some tax help guys. I received a CP2000 from the IRS stating I under reported my taxes.

In 2017 I did some cryptocurrency trading. I claimed my gains as about $1000(Which I believe is roughly correct) and coinbase sent in a 1099 saying I have a taxable income of $67,000.

Late into 2017 I got a new employer for the business I worked for. I claimed one of my 1099s for about $35,000 and somehow missed the second 1099 which ended up being about $14,000. I was shocked to see that somehow I made that mistake since that would be incredibly stupid to not report an income literally sent to the IRS... I would be more than willing to fix this if im at fault.

Anyway I think the big thing here is the crypto.

My taxable income went from $14,000$ to $92,000

I have a substantial tax understatement penalty for $5300

interest rate for it being in 2017 for $2300

And a past tax owed of $27,000

For a grand total offfffffffffffffff 34,600 $$$$$$$$$$$$ (Due by august 7th)

I have purchased TurboTax Audit defense every year but I am not sure if they will actually help or just point me in the right direction. I have contacted them though.

Needless to say, maybe I should never do my taxes again. Maybe I am a moron for ever getting into crypto or maybe just a moron in general. I know very few people actually put it on their taxes like I did (Just trying to pay tax like a good boy haha) and I am terrified for what this means for my family and I. I am in the process of getting a decent job right now and for hte moment cant even afford rent. Please if anyone has advice I would really appreciate it.

I can give more info on my crypto trading from that year if needed.

I cannot imagine why they are reporting my taxible income 66k higher than it should be. Anyone have a clue? And is this serious? I am guessing each time I traded they counted it as a taxable event. I did not realize nor did I ever see any information like that in 2017.

Fuck.

Fuck Fuck Fuck. I'm getting expelled.

>Be junior at state college
>See thread on /biz/ about Monero mining virus
>Find a mining virus from the internet (not sure if it's the same one from /biz/ thread)

Here's the mistake
>Software Development class has homework that we have to turn in, but not on the official website
>Supposed to send to the professor's website/computer, which will auto-grade our submissions, and allow us to resubmit if we don't like our grade
>Get drunk
>Send mining virus as my submission - I can just resubmit the actual homework, right?
>A few minutes later, get email from TA, saying that the grading platform is down, and we get an extra day for our homework

That was several hours ago. But I'm fucked, aren't I?

I only have 8 Million Linkies is it enough? I feel like it isn't enough.

>>10317660
There was a delay faggot, can you not fucking read?

>19
>$100k
>0
>0
>7"

>X token will never be below Y sats ever again

>>8948025
>make money trading
>dont report it
>Why is that a bad thing you fucking retard?

parents?

>>7882189
DUDE YOU NEED TO STOP
STOP
STOP
STOP
STOP

FUCK ME HOW ARE YOU GOING TO CONNECT THE WORLD WHEN YOU CANT SET UP BASIC FUCKING AUDIO IM OUT

Its been over a month and Bittrex hasn't gotten my XLM out of memo hell.

DELET
I still need more before liftoff

>log into old bittrex account
>realize you sold 6700 WAVES for 1.4 BTC right after the ICO

J U S T

>>1436988
I know that feel anon...
>xgti
>gevo
JUST

>>1271443
Fucking hell seriously? so close to trips yet again

just fuck my shit up

1Bmfc3kscL7QKa9k78LwvjfxpvskocjYBt

>>973688
Shit

>Small/ commercial appliance repair certification
>not on the list
How does it feel knowing you could have fixed people's washing machines and retired at 60?