Hey guys im wondering what if someone never filed taxes AT ALL and should for like 2-3 years?? Also they never kept receipts, etc, all they have is bank & credit card records, what are their options in becoming up to date with IRS especially if they are self employed and work online and move funds through paypal, etc, and get money from companies, etc...
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I am the best
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first bend overC:\Code\
C:\Code\Run\ -
then change your sig to IRS owns MEOriginally posted by budzComment
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LOL its not for me
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I am the bestComment
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1. Hire a REALLY good tax guy
2. Call your bank/credit card companies and ask for copies of the monthly statements that you dont have records of.
3. Give these to the REALLY good tax guy you hired.
4. Expect to write a nice large check.
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it's not for me, it's for a friend :rolleyes:
“If you think tough men are dangerous, wait until you see what weak men are capable of.”
—Jordan B. Peterson
Listen to Pomp tell why is Bitcoin importantComment
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Originally posted by darnit1. Hire a REALLY good tax guy
2. Call your bank/credit card companies and ask for copies of the monthly statements that you dont have records of.
3. Give these to the REALLY good tax guy you hired.
4. Expect to write a nice large check.
how much u talking of here? $1k++?_________________
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Originally posted by xxweekxx
For the tax guy or the taxes?
If you think your only gonna pay 1k in taxes you must not have made very much money.Comment
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if you made 50k/year self-employed income, expect to lose 27% or so, pre-deductions. so yeah, thats 40k for 3 years.
bend over.254342256Comment
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Depends on how much you made. Also i dont know what state you live in but i assume you didnt file there either if they have income tax...Originally posted by xxweekxx
Either way lube up and set up some payment plans.
PS - inquire about setting up a corp with your tax guy. There are very good reasons to have a business and not just a personal SS when dealing with commerce. I wont go into all the details but Im sure your tax guy will explain it all to you.Comment
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why are you deciding to claim now? sometimes i wish i never started claiming anything but i didn't want the risk. i usually have to pay around 10k a year depending on my income of course.you don't know you're wearing a leash if you sit by the peg all day..Comment
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The IRS is much kinder and gentler now and there are programs for your friend.....plus they will make settlements.
What they really want is for your friend to come forward, rather than them finding your friend.
He/she needs to hire someone familiar with those who 'evade' taxes.Raven
~RETIRED~
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Find a good accountant that can get your shit in order before you contact the IRS. Dont try to do it on your own.Comment
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Not that anyone would ever recommend this but does the IRS know the income levels? are they bugging your friend for payment?Comment
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