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Risky Bisquick posted:He tries to claim washroom as a room where he conducts business Well, that's where you get things down on paper, I can see his rationale
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Sep 8, 2017 17:04
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It is fine. Doing some time will set him straight. If not, can rinse and repeat for his third audit.
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Sep 8, 2017 17:26
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He also spends a ton of time bitching about how his income has dropped, I guess due to something Youtube did re:monetization? It means he can't pay his sister in law as much as he promised for her to live in the shed and clean for them. It's amazing how hosed up his attitude is. Like I have been a W-2 employee my whole working life and I still know how much he's messed up on his deductions. He could probably have easily claimed the actual green-screen room and a couple other setpiece areas for his business, but instead he tried to claim two whole floors and a basement as being business use.
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Sep 8, 2017 17:28
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I know CPA's get poo poo on in BFC, but this is a perfect example of why they're needed. Even the shittiest of them would have said, "Er, no" at some point in this mess.
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Sep 8, 2017 18:04
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Solice Kirsk posted:I know CPA's get poo poo on in BFC, but this is a perfect example of why they're needed. Even the shittiest of them would have said, "Er, no" at some point in this mess. I don't think CPAs get too much poo poo in BFC, if they are actually doing accounting and record keeping work? Financial advisors, on the other hand...
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Sep 8, 2017 18:30
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Subjunctive posted:It's up more than 10x since April 2014, so who knows? Bitcoin makes reality wrong. I stand by my statement that I don't think any bitcoin youtuber has a million dollars 
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Sep 8, 2017 18:45
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Ashcans posted:4) Snidely points out all the personal stuff that has been in videos that he was gracious enough not to claim (like his lawnmower). Uh, he actually says the lawnmower wasn't a "sole" business expense which means he didn't claim 100% of it. That video is excellent BWtaxes and even more satisfying that my bitcoiner theory.
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Sep 8, 2017 18:51
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My racecar bed isn't a qualified business expense?! gently caress the IRS taxation is theft
Teeter fucked around with this message at 19:19 on Sep 8, 2017 |
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Sep 8, 2017 19:14
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Ashcans posted:I watched this so you didn't have to. Highlights: On one point, he somehow has over 1200 people giving him money, and apparently enough of a successful youtube business that he could, at one point, afford a loving tesla. On the other side,  if he thought the IRS would want his lovely video. Oh yeah, this obvious kids room is a loving business room. Going through his other videos, he got a puppy recently, so he could use it in videos.
TLG James fucked around with this message at 19:30 on Sep 8, 2017 |
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Sep 8, 2017 19:17
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Comedy option (I don't know how US taxes work): Your house is now a business and you get -x. However, as you are privately living in it, we will assess fictional income at arm's length, as if you rented your house to yourself for x plus a 5% net margin. 
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Sep 8, 2017 19:22
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Hahahaha, he films a picture of himself in a mirror and says "I didn't deduct that, but now I can because it's a business expense now!" loving holy poo poo this is loving awesome. He thinks if he ever films a video in one room that whole room is a loving business expense. This is hilarious. He's going to get loving destroyed.
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Sep 8, 2017 19:24
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Randler posted:Comedy option (I don't know how US taxes work): Your house is now a business and you get -x. However, as you are privately living in it, we will assess fictional income at arm's length, as if you rented your house to yourself for x plus a 5% net margin. Taxing imputed rent for homeowners would be a good policy, but would start an absolute shitstorm.
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Sep 8, 2017 19:27
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Why does he have so many "editing stations" 
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Sep 8, 2017 19:31
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Randler posted:Comedy option (I don't know how US taxes work): Your house is now a business and you get -x. However, as you are privately living in it, we will assess fictional income at arm's length, as if you rented your house to yourself for x plus a 5% net margin. There is nothing wrong with writing off certain rooms of your house as business expense if that is their primary usage. His green screen room and the stuff in it, probably could be written off. His office, probably could have written it off. Interesting though would be if you Big Brothered your house where everything was on camera at all times except maybe bathrooms and changing. Would that qualify as a business expense? Not sure I'd want to risk testing that.
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Sep 8, 2017 19:33
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HFX posted:There is nothing wrong with writing off certain rooms of your house as business expense if that is their primary usage. His green screen room and the stuff in it, probably could be written off. His office, probably could have written it off. That greenscreen room had a ton of videogame poo poo in it "for my gaming channel" which means that he's probably actually spending most of the time in there playing videogames and maybe streaming them, possibly
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Sep 8, 2017 19:37
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God, that idiot uses the same kinds of excuses that my father in law uses on his business "expenses". Take the family of 4 down to visit extended family? Hotel, gas, meals, movie tickets, amusement park tickets, are all business expenses! Because we mentioned the company one time! My husband is going to inherit this (admittedly nice) business one of these years and we have no idea how to rectify all these miscategorizations before we become responsible for them if ever audited.
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Sep 8, 2017 19:40
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HFX posted:There is nothing wrong with writing off certain rooms of your house as business expense if that is their primary usage. His green screen room and the stuff in it, probably could be written off. His office, probably could have written it off.
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Sep 8, 2017 19:43
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crazypeltast52 posted:Taxing imputed rent for homeowners would be a good policy, but would start an absolute shitstorm. Why stop at houses?
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Sep 8, 2017 19:48
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There are also times when he points something out, like a PS1 he has bought, and says 'I haven't decided if that's a business expense yet'. I really hope that there are some IRS agents getting a solid laugh out of it.
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Sep 8, 2017 19:49
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More recent video: https://www.youtube.com/watch?v=5E2huZzcQyc He's still not getting it but he's sad now
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Sep 8, 2017 19:59
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Nobody told me I had to log mileage in the car! Also I totally loving called it with TurboTax because he blames them not "educating him" that he had to do these things lmao
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Sep 8, 2017 20:03
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Look, you can't expect someone who doesn't know anything about the internet to know how to look up tax rules online So what's this guy do for a living anyway?
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Sep 8, 2017 20:06
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ate all the Oreos posted:Nobody told me I had to log mileage in the car!
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Sep 8, 2017 20:13
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Droo posted:Look, you can't expect someone who doesn't know anything about the internet to know how to look up tax rules online Youtube star
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Sep 8, 2017 20:16
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"What's the point of a business credit card if you have to prove your transactions? Shouldn't it be self-evident from the consistency?"
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Sep 8, 2017 20:21
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TLG James posted:Youtube star 
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Sep 8, 2017 20:22
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Man, I remember running a very tiny LLC out of my house and trying to figure out deductions and realizing how incredibly easy it is to end up with waaaaaay too many. Like I store inventory in this room and it's 10% of my house and my mortgage is so-and-so and holy poo poo I will get such a huge tax return and this can not go wrong at all. It was at that point I decided I needed a professional. It is funny seeing people think they can deduct themselves into zero tax liability like they're the first person in the world to ever try and call a vacation a business expense. He's going to burn.
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Sep 8, 2017 20:42
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pathetic little tramp posted:Hahahaha, he films a picture of himself in a mirror and says "I didn't deduct that, but now I can because it's a business expense now!" He'll make another video. "Oh and IRS - I once mentioned in a video that I was going to help paint my mom's linen closet. So guess what? That paint = BUSINESS EXPENSE. Also one time I referenced the local Walgreens when talking about my divorce. You guessed it - BUSINESS EXPENSE. " 
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Sep 8, 2017 20:42
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You need to go post this in the schadenfreude thread, because this is the good stuff.
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Sep 8, 2017 20:51
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He's going to have his fans donate to pay his tax bill and then fail to report that as income, because it's money for paying taxes he already owes! 
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Sep 8, 2017 21:04
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Tiny Brontosaurus posted:He's going to have his fans donate to pay his tax bill and then fail to report that as income, because it's money for paying taxes he already owes! wait is that real? I gotta watch the video. He could use the money, I guess. edit this guy's voice and face are annoying, people watch his poo poo every day?? how? edit2: hahahaha oh my god this is so fantastic edit3: the fake / real whatever the gently caress crying 
KYOON GRIFFEY JR fucked around with this message at 21:20 on Sep 8, 2017 |
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Sep 8, 2017 21:14
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KYOON GRIFFEY JR posted:wait is that real? I told my friend about it and he knew who it was but "only because I've heard second hand that they're a terrible person but I can't remember why" lol
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Sep 8, 2017 21:33
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KYOON GRIFFEY JR posted:wait is that real? The only person I feel bad for in all this is whoever has to go through and watch all that guy's videos. Did this guy learn about taxes watching sitcoms? Okay, Marge, if anybody asks, you require 24-hour nursing care, Lisa's a clergyman, Maggie is seven people and Bart was wounded in Vietnam.
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Sep 8, 2017 22:15
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I do feel bad for his kids, because chances are he is not going to impart very good financial lessons to them. Also the dog he bought, but dogs have terrible financial decision making no matter what you teach them.
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Sep 8, 2017 22:26
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Randler posted:Comedy option (I don't know how US taxes work): Your house is now a business and you get -x. However, as you are privately living in it, we will assess fictional income at arm's length, as if you rented your house to yourself for x plus a 5% net margin. What jurisdiction are you in where that's how it would play out? I haven't heard of imputed rent being done like that!
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Sep 8, 2017 22:30
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Maybe he's just making all this up. Make an easily doxxed burner Reddit account and watch as your 'tax problems' make you a viral sensation.
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Sep 8, 2017 22:33
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Subjunctive posted:What jurisdiction are you in where that's how it would play out? I haven't heard of imputed rent being done like that! It is a bit exaggregated for comedic purpose, but in Germany - where I'm from - if you use business assets for private use that results in taxable income. Also incurrs VAT in a lot of cases.
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Sep 8, 2017 22:39
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Ah yeah, that makes sense. Thanks!
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Sep 8, 2017 22:40
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Ashcans posted:I do feel bad for his kids, because chances are he is not going to impart very good financial lessons to them. You say that, but I've never seen my dog buy a horse.
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Sep 8, 2017 23:06
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quote:You need to do yout research because the irs has a habit of asking for documents that they do not have the right to request plus they will estimate a number that they think you owe and most people won't fight it and it is an easy way to make money. irs is a scam. seriously look into your rights and fight this. they are taking advantage of you and using the fact that you are naive to the process to intimidate you into paying out a sum you don't actually owe. the best thing that could happen is if he goes all kent hovind on this poo poo
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Sep 8, 2017 23:29
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