/biz/ - Business & Finance

[Anonymous No.50218679]

>Parents keep getting mad at me for not having paid my taxes yet
>They think I'm losing money by not trying to get a refund (my salary is 150k)
>They don't realize I've marked myself as "tax exempt" to my employer and haven't paid federal taxes in over 5 years
If I file now the IRS will 100% notice and beat my ass into the ground. If I don't pay my parents will keep thinking I'm an irresponsible idiot. What do I tell them?

[Anonymous No.50218717]

>>50218679
>How do my parents know I haven't paid taxes?
I told them when they asked. I am married with kids and none of my kids have a social security number yet (yes, really, we didn't get it at birth). My parents are aware of this and so if I say I paid my taxes they ask why the fuck I "paid taxes" without getting my kids SSNs.

Advice, /biz/?

[Anonymous No.50218722]

Rule number 1 of the Fight Club is you don't pay taxes

[Anonymous No.50218726]

>>50218679
unleash the anal probing

[Anonymous No.50218750]

How have I never seen this image before.

[Anonymous No.50218752]

>>50218726
From whom, exactly?
I plan to just fake the tax returns the next time I get a mortgage (I own one house outright but want to move.) Already planned this out.

[Anonymous No.50218764]

>>50218750
Oh shit. I hate posting images for newfags to save. Ruins their already very small value.

[Anonymous No.50218969]

bumping for some actual input

[Anonymous No.50219011]

>>50218969
i am a grown man with a 150k salary. nobody tells me what the fuck i have to do

[Anonymous No.50219043]

What is stopping you from just saying you did?

[Anonymous No.50219077]

>>50219043
This: >>50218717
They think I'm lazy because I haven't gotten SSNs for my kids.

[Anonymous No.50219147]

I want a time machine

[Anonymous No.50219205]

>>50219147
i want to be dominated by an angry post wall pixie cut fitness instructor boxxy

[Anonymous No.50219321]

>>50218679
>>50219147
boxy?

[Anonymous No.50219333]

>>50219077
Wait so your parents are your only problem?
Why not just tell them about tax exemption?

[Anonymous No.50219385]

>>50218764
>trying this hard to be an oldfag
There's a reason I'm baffled by never seeing this.

[Anonymous No.50219405]

>>50219333
Because they're boomers and it's illegal, technically

[Anonymous No.50219443]

You really think that you can get away with it for 20+ years?

[Anonymous No.50219450]

>>50219405
Maybe you shouldnt be doing things you think you would have to hide from your parents. I would just tell them desu, but i like my parents, so, whatever

[Anonymous No.50219476]

>>50218679
>If I don't pay my parents will keep thinking I'm an irresponsible idiot
which you are btw

[Anonymous No.50219486]

>>50219476
>>50219443
Why would I pay taxes if nothing happens?

[Anonymous No.50219502]

>>50218679
>They don't realize I've marked myself as "tax exempt" to my employer
What's the point of just making shit up on the computer?

[Anonymous No.50219518]

>>50218679
have fun getting fucked up the ass, retard

[Anonymous No.50219523]

>>50219486
Because the alternative of getting turbofucked by the IRS would ruin your life?

[Anonymous No.50219553]

>>50219405
you should have first esstablished a good relationship with your boomer parents. my dad actually helps me avoid taxes now. it wasn't always like this he used to be a good goy but iv'e showed him that you can't get ahead if you be a "good citizen" so. now we are a team. you should redpill your boomer parents on how hard it is to get ahead if you do everything "by the book". I don't even work anymore and my dad doesn't ask rent cause he knows how near impossible it is to get ahead these days. cause i showed him.

my life is good though got a fat stack of bitcoins and haven't worked this year

[Anonymous No.50219567]

>>50218679
>>50219553
>>50219523
there is always the option to fuck off to south america when they try to turbofuck you. its my last resort escape too. not taht i did anything wrong but I like to be prepared.

[Anonymous No.50219568]

>>50219518
25% is getting "fucked up the ass"? You know there's a statute of limitations right?

[Anonymous No.50219603]

>>50219568
1: convert everything to monero
2: ????
3: fuck off to south armerica
4: live like a king for the rest of your life

[Anonymous No.50219608]

>>50219502
I'm not. I check "exempt" from tax withheld every year.

[Anonymous No.50219642]

>>50219450
>>50219553
I actually do have a good relationship with my parents. But they would disagree on this. We just see it differently is all.

[Anonymous No.50219693]

>>50219642
if they don't do eveyrthing to help you and protect you then no you do not have a good relationship with your parents.

[Anonymous No.50219712]

>>50219553
Most parents aren't like yours. They usually hate their children and only have children to do stuff for them...

[Anonymous No.50219718]

>>50219603
>>50219567
>>50219523
If I told you how much I made in crypto last year you'd say I'm larping. I don't "need" to work. So avoiding taxes has been extremely beneficial for me.

[Anonymous No.50219724]

>>50218679
whats moot up to? i heard hes married and have kids in japan

[Anonymous No.50219768]

>>50219712
>>50219693
My parents are fine. I made over $2 million last year in crypto and my father is aware of it, so complaining that "rent is too high" makes me look pathetic. They would rather I simply pay taxes because we have a different outlook on risk in life. I love my parents and get along great with them, but our opinions about risk and breaking the law are simply different. So explaining that to them won't go anywhere and will just be a disagreement between us.

[Anonymous No.50219797]

>>50219724
I'm actually dying to know too. Ever since he quit Google I've been curious but I can't find anything about him online. I would pay a lot just to have a beer with him in Japan. If he has kids they will inevitably shitpost on 4chan some day.

[Anonymous No.50219838]

>>50219797
>>50219718
I met him and his girlfriend (wife?) At a climbing gym in seattle in 2019. As someone who's been using 4chan since 2008, I was absolutely starstruck. We climbed a few problems together.

[Anonymous No.50219871]

>>50219838
Did you rape his girlfriend in the bathroom?

[Anonymous No.50219881]

parents pass away eventually. the IRS is forever.

[Anonymous No.50219902]

>>50219838
Wait seriously? I'm in Seattle right now. I'm genuinely curious now if you're telling the truth. Can you tell me where that gym is?
>inb4 creepy
If moot is really here there's nothing creepy about it. I want to meet him.

[Anonymous No.50219912]

>>50218679
>>50218717
pretty based ngl. hope you make it anon

[Anonymous No.50219913]

>>50219718
i wont say you are larping, im in since 2017. wont say i had a multi million run cause i focused to much on collecting shitcoins in 2019, but yes i also did well. i hope you don't hold dollars though. just hold bitcoin. they can't tax you on that. i don't live in merica though. no one cares here. tax agency is understaffed.

[Anonymous No.50219948]

>>50218679
>>50218750
lol i thought that was shkreli and some random roastie

[Anonymous No.50219961]

>>50219913
The IRS in the USA is extremely understaffed. I called about a separate issue about 5 years ago and they admitted my documents have just been sitting in limbo for over 7 months because of confusion with my name. They have only gotten worse since then.
Also I have been trading back and forth between USD and all manner of crypto for years.

Coinbase used to let you download an Excel spreadsheet of all your trades (not sure if they still do). This document is extremely easy to forget and then print showing a loss. I did this around 2017 and the IRS accepted it as evidence of income with no problem.

[Anonymous No.50219968]

>>50219961
>forget
Meant to say "forge"

[Anonymous No.50220010]

>>50219385

Ditto. Been lurking since 2008 with turbo autism memory and this is the first time I've seen it

[Anonymous No.50220015]

>>50218679
moot and boxxy fucked? wud?

[Anonymous No.50220046]

>>50220010
been on the internet since 1993 and never seen OP’s image.

https://www.youtube.com/watch?v=Yavx9yxTrsw

Tiktok when it did not exist

[Anonymous No.50220067]

Not falling for it, kikes

[Anonymous No.50220446]

>>50219961
bro didn't biden give $2B to expand the IRS. you gonna get fucked man. American tax agency is the most brutal in the world. where I live in Europe no one really cares. the laws aren't even clear and as long as they aren't no one cares, as long as you don't hit big multi millions no one cares. and when you do hit big multi millions theres way out without paying taxes, like buying property in dubai

[Anonymous No.50220488]

>>50219968
>>50219961
nno way thy actually accepted that? lol! you gonna get fucked when they properly check you though.

i hope the u.s.a collapses before they get to your file.

[Anonymous No.50220521]

>>50219871
Absolutely not

>>50219902
Yes I met him at seattle bouldering project. Not sure if he's still around. I havent seen him since. What part of seattle you in bro

[Anonymous No.50220540]

>>50220446
>>50220488
>The IRS is the most brutal in the world
Yeah I keep hearing this and I keep waiting.
>>50220521
Ballard.

[Anonymous No.50220568]

>>50218717
>Advice, /biz/?
You're pretty based; dont let it go to your head.

[Anonymous No.50220587]

>>50220521
If the rumors are true, he probably did leave Seattle and go live in Japan or something when he left Google. That would explain it pretty well but I'm kind of bummed to hear it.

[Anonymous No.50220603]

>>50220540
well its what I heard too. and i read headlines of Biden giving mega money to expand the IRS. i just hope its not true for your sake. either way. you should prepare an escape., or just pay your taxes (+fines)

[Anonymous No.50220650]

>>50220603
Lol my wife and I outright own a house in Asia too so I'm "ok". I appreciate your concern though

[Anonymous No.50220677]

>>50220587
His gf looked japanese. Im in west seattle. Ballard is nice. My girlfriend and i are going up there next weekend for tea at Nero

[Anonymous No.50220678]

>>50220650
why the fuk did yuo made this thread then. attentionmining?

[Anonymous No.50220709]

>>50218679
Why did m00t sell us out to gooks and globohomo advertisers?

[Anonymous No.50220712]

>>50220677
Miro*

[Anonymous No.50220719]

>>50220603
>>50220678
I appreciate your concern. I hope it's not true too.
>>50220677
>Nero
I've never heard of this place. I'm looking it up too but can't find anything.

[Anonymous No.50220739]

>>50220678
You've never seen a larping thread before?

[Anonymous No.50220753]

>>50220712
Ah ok my bad. Yeah that whole area with the market street is great. I live right next to it.

[Anonymous No.50220808]

>>50220540
I’m a tax lawyer and deal with this all the time. So Im assuming facts are:
>you’re a W2 employee
>you haven’t filed returns or paid/withheld taxes for 5 years
You’re not going to get turbofucked like some are saying, but you’re skating on some thin ice I’d say. Your W2 gets reported to them every year and there’s a good chance they will file returns for you. Once they do they will send a lock in letter to your employer to mandate full withholding and/or get a revenue officer on your case if you make good money. You might get a way with it though I’d say 35% chance of paying less than you would owe in the end.

[Anonymous No.50220836]

>>50220808
What about if I am self-employed, flip homes, and have no discernible income because I’m not salaried and stop filing?

[Anonymous No.50220889]

>>50220836
I assume escrow companies are reporting your sale proceeds to the IRS through a 1099-S but if you’re not dealing with escrow then you could be under the radar.

[Anonymous No.50220906]

>>50220808
Interesting. Your assumptions were correct. Do you happen to know the statute of limitations? And they still give me the opportunity to file right?
If I file correctly even after receiving a notice, I should be able to file for quite a lot of credits and deductions still. So much so that I considered just paying my taxes a few times, but now I'm convinced I keep more by not paying them, but it's not that much in comparison. Does this opportunity to properly file once found out go away after my company gets that letter?

And even if they do mandate full withholding, ultimately this would just be like giving the IRS a loan, so I should be able to get a large amount back at the end of the year.

[Anonymous No.50220948]

>>50220906
>>50220808
Also, by default my company withholds 25% of my annual bonus every year no matter what I do, even if I marked myself "exempt". This is actually a big chunk of money for me that I never see back because I don't file. I'm not sure if it's worth it though.

[Anonymous No.50220986]

>>50218679
just tell them you paid the taxes

[Anonymous No.50221012]

>>50218750
>>50218764
I was around for her era too and I've never seen this either, and had a similar reaction.

[Anonymous No.50221312]

>>50218679

[Anonymous No.50221392]

>>50220521
What did you talk about anyway? Did you tell him you were a terminal 4chan.org/biz gambler addict and he dumped his druggie bags on you?

[Anonymous No.50221422]

>>50220906
Relevant statutes of limitation:
1. Refund: 3 years from the due date of the return or 2 years from the payment. In your case this means that even if you were due a refund on your 16 & 17 returns you will not see it.

2. Assessment: if you do not file a return the IRS can file for you at any point in the future. In practice this is 10 years because that’s how long they keep income info.

3. Collections: 10 years from the date of assessment. You need to have the tax owed for this to start running, which in your case has not happened because you haven’t filed. They will have 10 years to collect once you file or they file.

You could come out on top from this, but preferably you need to be paid in cash and stop getting a w2. If they start filing returns for you then you’re going to start having problems. Until that point you’re ok.

[Anonymous No.50221453]

>>50218717
Kinda based and not gay. Still fake tho.

[Anonymous No.50221462]

>>50221422
The company I work for has billions in revenue and it's pretty well known. I guess I just don't understand why they wouldn't have filed for me over the past 5 years?

[Anonymous No.50221523]

>my parents will keep thinking I'm an irresponsible idiot
>lies to the IRS
How are you not an irresponsible idiot?

[Anonymous No.50221548]

>>50221523
I figured that if they haven't brought it up after 5 years I've gotten away with it, at least partially.

[Anonymous No.50221624]

>>50221462
Sometimes people get lucky and the IRS doesn’t do it for a long time, but I’ve seen the IRS file returns 5-8 years later. The longer you go this route though the riskier it becomes. Eventually there’s a good chance a revenue officer will get involved and make you file a bunch of returns or they’ll do it for you and start to levy your bank or garnish wages.

The way you come out ahead is two possibilities from how I see it:
1. You file all returns, don’t pay the tax owed, and the IRS writes off the debt in 10 years.

2. You don’t file any returns, stay exempt and don’t withhold, and pray the never file for you.

3. You file returns and pay going forward, but not the back tax years, then pray they never file returns for you.

My suggestion is #3 because you get some benefit and it’s the least risky. You won’t be “waking someone up” if you start to file returns

[Anonymous No.50221701]

>>50221624
I changed my last name years ago and my documents mostly changed but not my SSN card. I thought this was the reason.

[Anonymous No.50221742]

>>50221624
I appreciate the advice though, really, because I thought I would definitely be "waking someone up" if I started to file returns. So it's good to hear that.

[Anonymous No.50221870]

>>50221422
No limitation on fraud I believe. Correct me if I'm wrong. Fraud is hard to prove in court but not impossible

[Anonymous No.50221939]

>>50221870
Huh.
The writings of this thread were a collaborative work of fiction produced by a multi-cultural team from diverse races, religions, and gender ideologies. Any similarities to real people are purely coincidental.

[Anonymous No.50222406]

>>50219568
Interest too dumbass.

[Anonymous No.50222467]

>>50218717
>making your children fucking stateless for the lulz

[Anonymous No.50222486]

>>50222467
>Not having an SSN is the same as being "stateless"
My kids have passports. They were born abroad and that's why they don't have SSNs by default.
You're not an American, are you? We do things differently in the US.

[Anonymous No.50222514]

>>50219567
We pay taxes here too you know. You will probably fail miserably here gringo.

[Anonymous No.50222522]

>>50221012
>>50218750
you're both newfags and tourists. do you really fucking care about your gay little "you know i have never seen that image before." no one cares you fucking reddit cunts.

[Anonymous No.50222570]

>>50218679
tell them you paid them
/thread
Idk what you are panicking about

[Anonymous No.50222578]

>>50222486
Huh, sorry, I assumed that you that a SSN was assigned with a birth certificate.

[Anonymous No.50222624]

>>50218679
Talk to a tax attorney - straighten this out now because you'll owe much more if the future when they finally catch you.

[Anonymous No.50222715]

>>50218679
I am poor so I dont give a fuck about taxes, throw my ass into the prison, just let me get drunk every Friday.

[Anonymous No.50222730]

>>50218722
>*Disclaimer.
Give them their tax bribe if they threaten you unless you got an army.

[Anonymous No.50222753]

>>50219518
>25 points.
Yeah, Just gonna leave America and Canada, Not worth it.

[Anonymous No.50223316]

>>50219768
>breaking the law
You have parents, work it out with them and go to school, retard.

[Anonymous No.50223408]

>>50219486
My uncle did this and when his contract law wife died and he inherited her money he got hit with 500k in back taxes. She had a couple million and they straight up took it from him. He got lucky cause he could pay it off. Youoght or might not be lucky.

[Anonymous No.50223471]

>>50222715
You will definitely get a shot of some big ole nigger dick in prison. Not sure it that will get you drunk though.