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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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53639610 No.53639610 [Reply] [Original]

>have to spend hours of my free time filing taxes even though they already have all my info anyways
why can't they just send me the bill?

>> No.53639622

>>53639610
The true tax is harvesting collective human suffering

>> No.53639661

>>53639610
It's just a demoralization tactic. People in power make you do shit that is obviously stupid, so you feel stupid when doing it. You are stupid and powerless, and they can do to you whatever they want, and you need to be reminded from time to time.

>> No.53639682
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53639682

>pay us 100 bucks for audit protection or the IRS might randomly take you to court for something you didn't do, nerd
This seems like a racket.

>> No.53639700

>>53639682
and how are you going to live in a civilized society without this tell me mr. genius ?
what about muh roads ?

>> No.53639804

>>53639700
I feel like society shouldn't nickel and dime me for existing, usually to give free stuff to israel, politicians or boomers.

>> No.53639818

>>53639610
I remember last year I didn’t know what wash sales were and I went into panic overdrive. Good thing I made no money and my mommy’s a CPA, god bless her.

>> No.53639835

Not IRS but tax related, I just wash traded one of my shitcoins and locked in a $5k loss, can I just say to ATO that I panic sold and then instantly fomo'd back?

>> No.53639846

>>53639835
You should, I think they have a thing to include wash sales.

What does locked in mean exactly?

>> No.53639864

>>53639835
I bought for $9k, sold for $4k to register a loss and then immediately rebought my stack back.

>> No.53639869

>>53639864
Meant for >>53639846

>> No.53639883

>>53639864
>>53639869
I see. How much gains did you get?

>> No.53639889
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53639889

>>53639846
Oh kek I just found this, apparently I just broke the law. Only way I can defend myself now is claiming I capitulated then fomo'd back in, idk if that will work.

>> No.53639909

>>53639883
None at the moment, I just have a good feeling on the coin and am willing to hold but wanted to offset gains from other coins, apparently thats illegal!

>> No.53639924

>>53639889
Not sure on Aussie law (consult a tax professional), but in the US, only capital gains are taxed, so since you've made no gains so far, you'd have no taxes on your transactions thus far. Wash sale rule not relevant here.

>> No.53639930

>>53639889
I mean, it might be breaking the law if you tried to include the loss in your tax form. Brother, if wash sales were illegal, cops would be lining up after day traders en massé. When they say “illegal” they mean “hidden from the public”. Just be honest and don’t let these stooges demoralize you.

>t. Anon with a CPA for a mommy

>> No.53639943

>>53639924
it is relevant here, in the US you cannot use a wash sale to realize a loss

>> No.53639954

>>53639943
But this poor bastard has no gains to realize his loss on.

>> No.53639963
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53639963

>>53639610
not all employers report how much (if any) taxes they withheld for you, and you might do things in the year that are taxable that they don't know about. they basically want your legally binding word that "yes, this is how much I owe/am owed this year".

>> No.53639986

im jewish and i never paid Tax in my 29yo life...

>> No.53639998

>>53639610
Because income tax is unconstitutional. The way they get you is by filing and you claim a number, then when you don't pay that number they get you for lying.

>> No.53640079

Despite my grandstanding, I’m still afraid of the taxman, even though I shouldn’t be. I’m worried one of my brokerages are going to fuck up and bill me a six figure sum somehow

>> No.53640269

>>53639610
>why can't they just send me the bill?
They will send a bill eventually, and it's not a very nice bill. Hire someone to do your taxes if you can't manage it on your own. Never let the IRS decide how much you owe lmao

>> No.53640274

>>53640269
Ugh, I hate how RETARDED everyone in the government is

>> No.53640280

>>53639963
i miss this nigga like you won't believe

>> No.53640348

>>53640280
Getting old sucks too

>> No.53640373

>>53639610
Who says you need to do it on your free time? Do that shit while you work

>> No.53640897

>>53639943
you can for crypto, stop giving out advice if you don't know anything, brainlet

>> No.53641385

>>53639610
remember back in the good ol' medieval days when a tax man would come to your door count the amount of people in your dwelling then tax you per head fucking much less convoluted then this shit

>> No.53641400

>>53639610
its a humiliation ritual for goyim

>> No.53642154

>>53639610
Wait until you mail them 45 minutes late and get a bill for late penalties 6 fucking months later (with 6 months worth of late fees).

>> No.53642728

>>53639700
traditionally, he who owned the land maintained the roads
i.e the lords
i.e the government
if they don't do their job, they don't get dinner in their private jets fueled by gubment dimes

>> No.53644667

>>53639700
Native Americans live in tee pees.
I did it, my father did it, his father did it.

>> No.53644951

>>53639835
Wash trading rules don't apply to crypto

>> No.53644985
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53644985

>>53639661
I've been so fucking demoralized lately

>> No.53644999

They don't know everything, they just have clues as to whether you're hiding any income aside from your W2.