I made about $14k USD last year. I did dabble in stocks and crypto (and lost $8k) but due to the wash sale rule I couldn't even get the max $3k deduction. So for my crypto stuff I just lied by filing as a single statement instead of a summary of statements, added the deposits together as the cost basis, then added the withdrawals together as the proceeds. So I now have the max $3k capital loss deduction.
Because I'm a poorcel, surely they won't find out. Right? All this did was increase my refund by about $200 USD.
Jump in the discussion.
No email address required.
No one actually answered your question so I'm going to actually answer your question on the grounds you don't ask me how I know any of this.
The answer in your situation is no, but they know you fricked up and tried to cheat them and if you do it for multiple years they may decide to bite you in the butt down the road if you become a higher earning person (otherwise known as auditing).
Crypto and stock exchanges are required by law to report to the IRS now, so the IRS knows what you did already. They have it on their books what you made and/or didn't make. This works the same exact way a W2 from a regular employer would work. They all report to the IRS and the IRS knows what you should owe based upon your income (this does not take into consideration home ownership/land/dependents/student loans/STUFF). Keep in mind the IRS has a "they're r-slurred" dollar amount margin of error you're allowed to make as a filer that they are willing to overlook. I won't reveal what it is but it's pretty forgiving.
The reason you will get away with this is because you made below poverty wages as a whole AND because the IRS doesn't know what your situation is (the aforementioned home ownership/land/dependents/student loans/STUFF). It actually costs a lot of money and "resources" to audit someone and verify your situation so there is a cost analysis that is done and if auditing you is deemed more expensive than what they think they could get out of you with fines and actual payment of what you truly owed they just do a big ole shrug and say frick it. This cost is compounded by the actual cost of suing you for that amount of money.
Added bonus: People that make what you made are basically ignored and no one bats an eye at your returns because you're poor and are barely a person to begin with in the eyes of all financial government institutions.
If you're going to cheat the IRS I would suggest NEVER itemizing your return because the IRS assumes anyone smart enough to itemize their return (no matter how poor) is smart enough to try to defraud the government and probably has the funds to pay any fees/fines/lawyer costs.
:)
Jump in the discussion.
No email address required.
I don't have enough spoons to read this shit
Jump in the discussion.
No email address required.
You really should bro, its pretty informative
Jump in the discussion.
No email address required.
Thank you
Jump in the discussion.
No email address required.
More options
Context
More options
Context
More options
Context
Poor people privilege is disgusting.
Jump in the discussion.
No email address required.
More options
Context
Joan are you still allowed to smoke at work in the IRS? Sounds like the kind of institution to get stuck in the past, dealing with financial history.
Jump in the discussion.
No email address required.
More options
Context
An accountant told me that he had clients roll up in Rolls Royce cars claiming they made $10k for the year and then wonder why they get audited. lol Or he told me about another client who refused to pay taxes and was planning to get married and he warned the girl that her assets would be seized so she should not marry him. lol
Krayon sexually assaulted his sister.
Jump in the discussion.
No email address required.
Tell me more w/o doxing
Jump in the discussion.
No email address required.
Not much to dox. I don't know who it is he was talking about. He just referenced his client but didn't tell me a name.
Krayon sexually assaulted his sister.
Jump in the discussion.
No email address required.
More options
Context
More options
Context
More options
Context
He might actually get away with it depending on his crypto exchange. I mean binance doesnβt give you a 1099 unless you made more than 20 k
Jump in the discussion.
No email address required.
More options
Context
More options
Context
Jump in the discussion.
No email address required.
Please be patient, I am financially r-slurred.
Jump in the discussion.
No email address required.
More options
Context
More options
Context
Jump in the discussion.
No email address required.
Snappy wait, I can explain..... please don't report me to the IRS...
Jump in the discussion.
No email address required.
More options
Context
Superconductor
Jump in the discussion.
No email address required.
More options
Context
Supermax
Jump in the discussion.
No email address required.
More options
Context
Sudafed
Jump in the discussion.
No email address required.
More options
Context
Snappy has been an undercover T-Man all these years.
Jump in the discussion.
No email address required.
More options
Context
!blackjack1000
Jump in the discussion.
No email address required.
More options
Context
More options
Context
Jump in the discussion.
No email address required.
Jump in the discussion.
No email address required.
>marsey'd
Jump in the discussion.
No email address required.
More options
Context
I got my refund and the IRS hasn't said anything.
Jump in the discussion.
No email address required.
More options
Context
More options
Context
More options
Context
Probably nothing. The IRS is actually r-slurred and never caught anything I've ever done. As long as you're under like 100k a year they never double check you.
Jump in the discussion.
No email address required.
Thank God... I was pacing around the room worrying myself sick
Jump in the discussion.
No email address required.
Unless...
Jump in the discussion.
No email address required.
Say sike right now
Jump in the discussion.
No email address required.
Unless you are the unlucky random poorcel they decided to audit this year.
Jump in the discussion.
No email address required.
More options
Context
I mean...
Jump in the discussion.
No email address required.
More options
Context
What state do you live in?
Jump in the discussion.
No email address required.
Jump in the discussion.
No email address required.
More options
Context
More options
Context
More options
Context
More options
Context
It's not guaranteed but is it accepted? I keep forgetting to report stuff sometimes. Like once I forgot I had youtube money in excess of a thousand dollars that I recently got all at once the year before. They never cared. One time I forgot to put in a certain crypto website's earnings, but they also accepted that even though the earnings were like 2000 dollars. It's strange
Jump in the discussion.
No email address required.
I just got a text a few minutes ago that my refund was indeed accepted. Weird that it was so quick, because I had only submitted it maybe 30 minutes prior. But I need to mail the IRS a print copy of the summary of statements for my stock losses.
Jump in the discussion.
No email address required.
No the IRS is just getting faster. It's not my imagination. Years ago it would take a week to get accepted, last year it took 5 hours. This year it took an hour. Yeah just send them an envelope or box of your printed PDF from your broker. Remember to write said container exactly what's inside so the IRS knows what to do with it. Like name/address/irs reference number whatever else I forget. Otherwise they'll have to open it to figure out where to send it. Worse case scenario you just pretend to be r-slurred and didn't know what happened. They're not going to r*pe a poorcel they just want their money.
Jump in the discussion.
No email address required.
What are the chances that I will get audited regardless because I posted this here and a lurker will send a tip to the IRS. Would they be able to find me considering that this account isn't tied to my real identity? Kinda worried now because
@JoyceCarolOates screenshotted the IRS whistleblower program.
Should I scrub this post now?
Jump in the discussion.
No email address required.
I mean why would post on an account that's doxxable
Jump in the discussion.
No email address required.
Honestly I thought it was semi-ironic at first, but I think he just wanted legit advice at this point and I feel bad for taking it lightly.
Jump in the discussion.
No email address required.
More options
Context
What if they just referenced this post? The IRS wouldn't be able to trace me right?
Jump in the discussion.
No email address required.
i've reported you to the irs, fbi, nsa, dea, and usps. Prepare for life in prison, chud.
Jump in the discussion.
No email address required.
More options
Context
Is this bait? I mean are you even doxxable here? Like is your account connected to your name in any way? I'm just asking.
Jump in the discussion.
No email address required.
More options
Context
More options
Context
More options
Context
Snappy already sent the info to the feds. There's no escape.
But yeah there's functionally no chance of you being prosecuted or anything, it's literally just 200$, they have bigger fishes to catch than a random poorcel gambling half of his yearly money away
Also I agree with federico, if it makes you that worried, delete the post. You really shouldn't be posting this unironic stuff here to begin with. You know how many people got busted (for far more serious crimes) due to their stupid shitposting habits?
Jump in the discussion.
No email address required.
More options
Context
If you're really worried about it, kill the post. But the likelihood that anything would come from this is really minimal unless you happened to piss off a sperg on here who also knows who you are IRL and works for the IRS (basically zero chance).
Jump in the discussion.
No email address required.
More options
Context
Audited for what r-slur you donβt owe any taxes.
Jump in the discussion.
No email address required.
More options
Context
The irs isn't going to launch a manhunt for a poor based on a tip that just points to a rando on a forum full of shitposters. Do you know how many "taxation is theft" tards they have to deal with this time of year?
It wouldn't hurt if you added bussy to the post tho.
Jump in the discussion.
No email address required.
More options
Context
More options
Context
More options
Context
Jokes aside, for 200$ they ain't lifting their asses from the chair. But don't be caught tripping too many times. If you are massively unlucky, they'll probably just issue you to pay what is owed and maybe make you wet your pants to scare you into behaving.
Jump in the discussion.
No email address required.
More options
Context
You need to go to the "Where's my refund" IRS page and input your stuff. I got an email that mine was accepted but on further inspection it was not. Some tax programs jump the gun big time.
Jump in the discussion.
No email address required.
More options
Context
More options
Context
More options
Context
More options
Context
Thereβs a sweet spot for the IRS to target, you have to make enough to be able to pay the penalties but not so much that you can afford to fight it. Or just be a political enemy of the dems.
!blackjack100
Jump in the discussion.
No email address required.
More options
Context
Yeah if you're poor they don't bother unless it's a slam dunk.
Jump in the discussion.
No email address required.
More options
Context
This is false. I messed up a return about 10 years ago and they sent me a bill 2 years later for like $80.
Jump in the discussion.
No email address required.
lol
Jump in the discussion.
No email address required.
More options
Context
More options
Context
The bastards are double checking me right now even under 20k. I had 3 W2s and a 1099 with some deductions. Delayed π’
Jump in the discussion.
No email address required.
Did you claim a home office? I was told that increases your chance of an audit. I legit work 100% from home, but a lot of people try to claim it even though they only have a little side business they do after hours.
Krayon sexually assaulted his sister.
Jump in the discussion.
No email address required.
More options
Context
More options
Context
I kept getting hit with those darn CP2000 notices over my tuition. Every year I'd send the same reply, but the followup varied between $0, $370, and $1800 owed. Followup reply saying "this same thing happened last year, why do i still owe 1800 this year" dropped it to 0
(Tldr: paid tuition to an apprenticeship bureau, who paid the college on my behalf. When i claimed that tuition, IRS bounced back that the college had no record of me paying that, their 1099 would only show secondary classes i directly paid for like first aid)
Jump in the discussion.
No email address required.
More options
Context
More options
Context
Best thing you could have done is ask help on a website monitored by feds
Jump in the discussion.
No email address required.
fed here. best part is that we get to cheat on our taxes, just like you guys. what are some of your favorite ways to cheat the system?
Jump in the discussion.
No email address required.
Black work (https://en.wikipedia.org/wiki/Unreported_employment )
Jump in the discussion.
No email address required.
i did this with some el salvadoean guys to build my last retaining wall.
Jump in the discussion.
No email address required.
I often do it as translator
Jump in the discussion.
No email address required.
being a translator is a great opportunity for trolling
Jump in the discussion.
No email address required.
Some time you donβt even need to troll. One case was that I had to go to a police office with a Moldovan man and the police officer told that this Moldovan man has beaten a man in a bar fight so he is in big troubles. But the Moldovan man was telling me that he donβt drink or goes to the bars and that day he wasnβt even in the city. Then next day I went again with this man and his evidence to the police office and he actually couldnβt been at that bar when the fight happened so police officers couldnβt do anything. But than 2 months later that man again asked me to translate something and I asked him so what was that deal with the bar and he told me it was actually his younger brother who looks like him that was in the bar
Jump in the discussion.
No email address required.
More options
Context
More options
Context
But you barely speak English
Jump in the discussion.
No email address required.
There are more languages than English and in my university I finished βEnglish for Businessβ class with a great grade
Jump in the discussion.
No email address required.
More options
Context
More options
Context
More options
Context
More options
Context
More options
Context
More options
Context
More options
Context
You putting money in stocks and crypto.
Jump in the discussion.
No email address required.
Worst part was if I had simply held instead of buying and selling constantly, I probably would have done very well.
Being low income and having to eye the rent schedule, I had too much financial anxiety and kept selling before things really took off.
Jump in the discussion.
No email address required.
More options
Context
Jump in the discussion.
No email address required.
This fellow made smart investments, clearly.
Jump in the discussion.
No email address required.
More options
Context
The frick's with your pool?
Jump in the discussion.
No email address required.
jello storage
Jump in the discussion.
No email address required.
More options
Context
More options
Context
More options
Context
I hate this gif, it's so sad
Jump in the discussion.
No email address required.
More options
Context
More options
Context
sending in a tip right now, thanks for informing me
Jump in the discussion.
No email address required.
More options
Context
poors make up the bulk of targets for the IRS
So for instance you. Since you fill out these forms and all of your income is tracked (lol) so you just get flagged when you lie.
Lets look at me.
Now i've been seen on a lot of different scenes, that means I get a lot of different cream. I have the money to have a lawyer on retainer.
If the IRS calls me tomorrow I would call my lawyer and they would take it from there and I would pay the fees to fight the IRS from the word "hello". Every document they request will go through my law partners who will do their best to shield me from an EXTERNAL non-government oversight bureaucrat gangbang.
The IRS knows that to get me for the whatever five digits I lie to them about, I will drag them through the court to get that 20k.
So for you they will absolutely get you for the money you lied about because you are going to shit yourself when they call or email you.
When they call me I will be like, "oh nice" and see how long I can get them to fight me for 10k or something in back taxes or whatever. Like if I can get the government to spend a quarter of a million dollars in salaries to come after me for 5k I will spend 50k to do it.
Frick the government and frick all the people that work for them!
Jump in the discussion.
No email address required.
Honestly whoever wrote the tax code needs to be exorcised.
Jump in the discussion.
No email address required.
Intuit is extremely aggressive in
bribinglobbying politicians andbribinghelping the media to kill any legislation that will simplify the tax code because it would hurt sales of TurboTax. A company that brings in $10 billion in revenue is able to cost $100 billion in losses to the government and taxpayers who have to deal with this shit. The next time somebody tells you that the other race/religion/gender/whatever is the cause of your problems, remember that Intuit is fricking everyone on a very personal level.Jump in the discussion.
No email address required.
More options
Context
idk unleashing whatever is responsible for the tax code might cause natural disasters
Jump in the discussion.
No email address required.
More options
Context
More options
Context
Good job bobby, here's a star
Jump in the discussion.
No email address required.
putting it on the board thank you lpb
Jump in the discussion.
No email address required.
More options
Context
More options
Context
amen
Follower of Christ
Tech lover, IT Admin, heckin pupper lover and occasionally troll. I hold back feelings or opinions, right or wrong because I dislike conflict.
Jump in the discussion.
No email address required.
More options
Context
More options
Context
Best start stretching that bussy
Jump in the discussion.
No email address required.
More options
Context
Nigqa the standard deduction is 12k you dont even owe taxes lol.
Jump in the discussion.
No email address required.
lol that's true. Even if they found out they'd just be like uhhhhh we did the math and you actually owe us 5 dollars
Jump in the discussion.
No email address required.
More options
Context
More options
Context
Jump in the discussion.
No email address required.
How the frick do you make 14k a year and still gamble on crypto lmao
Jump in the discussion.
No email address required.
Wagie jobs are depressing and there's no way out of the misery if you keep working there. I was so desperate that I clung to a faint hope and gambled on it, because the stocks and crypto were the only chance for someone like me to not be poor.
Eventually I did get out of that situation, by completely falsifying my resume and getting a professional job.
Jump in the discussion.
No email address required.
Please remind me how many rags to riches stories start with a minimum wage worker day trading and buying shitcoins.
Jump in the discussion.
No email address required.
Clearly you and I don't get the same youtube advertisements.
"Hi. My name is Caleb,
four years ago, I flunked out of college due to bad grades
last year... I was still working a shitty dead end job in food service
What I am about to tell you, in this simple youtube ad...
...can transform your life, just like it transformed mine
...so please my friend, please don't skip this ad, I know you have a feeling this is impossible
*...or that this is some sort of scam, or unachievable for you..."
but my simple methods have helped thousands of people not only escape poverty
but achieve livable incomes...
even six figure incomes...
and in some cases, even seven figure incomes!!!"
you don't need any special skills for this method
*this isn't some get rich quick scam, or obnoxious multilevel marketing"
This is a tried and proven method, that has worked for CENTURIES
and I am ready to explain to you, exactly what it is
and by how leveraging the power of cryptocurrency
...your future can be financially transformed in as little as months
...and using the tried and true financial principles that I can teach you
...anyone who actually puts in the effort has the potential to make serious money!
but you have to ACT NOW! The world is changing and this opportunity won't be available to as many people!"
Anyway, join this guy's crypto forex-like thingy while paying $300 for his course and you too could be a college drop out millionaire (and/or a single mom millionaire).
Should I be concerned the youtube algorithm thinks these desperate ads are relevant to my lifestyle?
Jump in the discussion.
No email address required.
OUT!
Jump in the discussion.
No email address required.
More options
Context
More options
Context
More options
Context
Don't listen to strags who recommend shit like VTSAX. Nobody ever got rich off that.
Jump in the discussion.
No email address required.
More options
Context
Actual Filipino jueteng enthusiast logic in action.
Jump in the discussion.
No email address required.
More options
Context
More options
Context
More options
Context
More options
Context
Is your effective tax rate below 25%? No? Don't worry about it.
Fricking respect the wash sale tho.
Jump in the discussion.
No email address required.
Technically my crypto was done over a year through various purchases and sales, but this was on coinbase pro which didn't provide me a 1099 so I said frick it and just added up the Deposit / Withdrawal tabs like a monkey. Honestly even if I wanted to be honest I don't think I would have been able to provide an accurate report, because I messed with so many currencies at so many prices, there's just no way I would have been able to keep track of it.
Jump in the discussion.
No email address required.
More options
Context
More options
Context