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I'd love to use my button business to help goons in need somehow but I don't really know how I can do that. I'm too broke to contribute actual dollars but I could contribute buttons as long as shipping was covered. I dunno, like, if you contribute to the goonfund and cover shipping($4) I'll send you some free buttons? I dunno, I've just been helped by goons A LOT and I would like to help somehow. So yea if you've contributed to this hit me up and cover shipping and I'll send you some cool buttons, whatever you want really.
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# ? Apr 11, 2020 07:07 |
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# ? Jun 8, 2024 08:49 |
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# ? Apr 11, 2020 17:52 |
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serious post: if anyone is a tax/lawyer person please email/pm me because this is going to become an issue soon.
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# ? Apr 11, 2020 19:13 |
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Oh god, it finally happened, plinkey became a billionaire on the backs of goons
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# ? Apr 11, 2020 19:39 |
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# ? Apr 11, 2020 19:58 |
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Plinkey posted:serious post: I thought gambling was tax exempt wtf
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# ? Apr 11, 2020 19:59 |
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Plinkey posted:serious post: Isn't it just gifts back and forth until you break $25000 from a single person
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# ? Apr 11, 2020 22:10 |
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Skyl3lazer posted:Isn't it just gifts back and forth until you break $25000 from a single person After you hit $20,000 a year Patreon reports what they gave you to the IRS and mails you a 1099, and in turn you have to explain to the IRS what that income was.
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# ? Apr 11, 2020 22:14 |
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So, talked to my mom's husband and I need an attorney to set up a non profilte so thaats where we're at
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# ? Apr 11, 2020 22:31 |
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Plinkey posted:So, talked to my mom's husband and I need an attorney to set up a non profilte I'm glad you've got IRL help. That's better for almost any situation involving professional work.
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# ? Apr 11, 2020 22:53 |
hello friends, I was going to post these in the bernie toxx thread, but in case anyone needs, here are some account reg gift certificates: DF26CAB-916ADAAC26-3825C 7D6D650-D7FEDC87FD-7D15F 8D62087-DAA5BF925D-CD08B 61EF7F9-258E4A3485-2A08F ECED6AC-1B5E178AC2-CB277 and platinum: F8AAA96-7FF53F2167-4F091 351ED3F-E833550A80-34A45 07E7A86-D4AF5A5E67-24A95 91A90F4-64B5EFA2CF-C3DCC D5B73D4-AD5F01B789-C7393 feel free to share with those goons in need, hail satan
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# ? Apr 11, 2020 23:15 |
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rabble rabble posted:hello friends, I was going to post these in the bernie toxx thread, but in case anyone needs, here are some account reg gift certificates: Took 07E7A86-D4AF5A5E67-24A95, much appreciated.
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# ? Apr 11, 2020 23:36 |
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Plinkey posted:serious post: I think technically this is income and your donations to individuals are not deductible. I would instead claim it is performance art and then you buying food for goons is an expense to that end.
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# ? Apr 12, 2020 00:09 |
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Plinkey posted:So, talked to my mom's husband and I need an attorney to set up a non profilte You can do this without a lawyer in 3 minutes. (In delaware)
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# ? Apr 12, 2020 00:09 |
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Elephanthead posted:You can do this without a lawyer in 3 minutes. (In delaware) Different states can be very, very different in this regard, and getting the most advantage requires you to also interact with the feds. For the most part, setting up a corporation is a few minutes of filling out a short, potentially single-page form; individual states may or may not have specific types of business registrations for non-profit vs. profit, and the amount of benefit you get from registering as such various greatly from state to state. If you then want to become a 501(c)(3) charity, you have to do a lot of additional paperwork with the IRS. This paperwork is federal, and does not vary from state to state. It's 20-some pages of forms, plus a ton of supporting documentation, schedules, and other bullshit. I've seen an application for a relatively small charity that wound up over 100 pages. But 501(c)(3)s have much lower taxes than simple state-registered non-profits. The most fundamental truth of the US tax code is that it is designed, first and foremost, to give the greatest advantage to those who can afford to spend the most time and effort organizing their interaction with it. For anyone looking into this themselves:
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# ? Apr 12, 2020 01:02 |
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Elephanthead posted:You can do this without a lawyer in 3 minutes. (In delaware) GOONBUCKS: Hi, I'm in
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# ? Apr 12, 2020 01:10 |
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.... Did someone aim the IRS at Plink?
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# ? Apr 12, 2020 01:34 |
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Siegkrow posted:.... nah, he's just getting ready for the Patreon income to be taxed or hopefully get it into a charity so it can stay not-federally taxed but unless he sets something up,. the income goes on his own personal taxes and he'd have to square it with the fed (pay big)
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# ? Apr 12, 2020 01:41 |
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ShoulderDaemon posted:stuff Yeah, I talked to my mom's husband who is a CPA, but doesn't deal with the set up of the charity part, just doing the books for a few and it sounds like it'll cost about a grand to have a talk with a lawyer and draw up the paperwork. If anyone has advice of how to claim money paid out as a business expense as a private contractor for taxes, let me know
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# ? Apr 12, 2020 02:12 |
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Plinkey posted:Yeah, I talked to my mom's husband who is a CPA, but doesn't deal with the set up of the charity part, just doing the books for a few and it sounds like it'll cost about a grand to have a talk with a lawyer and draw up the paperwork. well the lawyer you're about to be paying a grand to could probably give you a few pointers, hopefully.
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# ? Apr 12, 2020 02:24 |
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Plinkey set up the 501c3.
RandomBlue has issued a correction as of 02:33 on Apr 12, 2020 |
# ? Apr 12, 2020 02:30 |
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There are two issues the main one being this is taxable income and you will get a k1 or some poo poo from paetron. The second issue is if you are going to be a not for profit and accept money you need to do it right because they don't want people scamming other people like Trump does and buying paintings with it. To be a not for profit you don't need to do poo poo with the IRS you just need to incorporate in your state or another state as one. It is just the contributions are not guaranteed to be tax deductible for the donors. It gets complicated as you accept money from many states and some require registration to do so. If you could find a local church or not for profit to run all this through it could solve some of plinkeys headaches. They might want a modest fee to do so. You could also show the activity on your tax return as some side business but I am not an expert on personal charities not of a legal entity type and IRS fuckaery. Either way you are aware of the issue(s) and it really does suck.
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# ? Apr 12, 2020 02:31 |
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Plinkey posted:Yeah, I talked to my mom's husband who is a CPA, but doesn't deal with the set up of the charity part, just doing the books for a few and it sounds like it'll cost about a grand to have a talk with a lawyer and draw up the paperwork. Seems like a valid use of the donations to pay for that lawyer so you don't get owned by the IRS. Here lies Plinkey, he wanted to do good but it's a real PITA.
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# ? Apr 12, 2020 02:32 |
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im tempted to go the llc/performace art route
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# ? Apr 12, 2020 02:33 |
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Plinkey posted:im tempted to go the llc/performace art route Feeding goons as performance art is pretty loving funny.
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# ? Apr 12, 2020 02:44 |
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This is the part where we decentralize everything and make the goon food blockchain.Inceltown posted:Feeding goons as performance art is pretty loving funny.
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# ? Apr 12, 2020 16:34 |
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if the IRS comes calling just tell them you are a free man of the land
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# ? Apr 12, 2020 17:16 |
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Epic High Five posted:if the IRS comes calling just tell them you are a free man of the land yell something about how the 16th amendment wasn't ratified correctly and how it does not apply
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# ? Apr 13, 2020 01:08 |
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I am an accountant with some non-profit experience. AMA.
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# ? Apr 13, 2020 01:59 |
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What does the IRS taste like?
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# ? Apr 13, 2020 17:04 |
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RandomBlue posted:What does the IRS taste like?
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# ? Apr 13, 2020 21:29 |
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RandomBlue posted:What does the IRS taste like? Stale cardboard and cheeto dust.
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# ? Apr 13, 2020 23:00 |
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Is everything frozen until the legal issues? I just found out that, because my wife abandoned me a year and a half ago and I have no way to get ahold of her, I can't get the stimulus check because she filed "Married Filling Separately" (no I don't know how she got my SSN) and now I would have to file the same, which I can't do because I don't know her SSN. Tried the IRS portal and talked to two tax places and I'm hosed. Edit: this means I'm also not getting a $500 EITC, either lol. I love bureaucracy.
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# ? Apr 13, 2020 23:16 |
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precision posted:Is everything frozen until the legal issues? I just found out that, because my wife abandoned me a year and a half ago and I have no way to get ahold of her, I can't get the stimulus check because she filed "Married Filling Separately" (no I don't know how she got my SSN) and now I would have to file the same, which I can't do because I don't know her SSN. Tried the IRS portal and talked to two tax places and I'm hosed. Cripes, that sucks, man. I feel you; I can't file for my return because I worked restaurants that never sent me my W2's, and now they're closed and I don't have a way to get them. Did you try this site? IRS just rolled it out for people who can't/didn't have to file bc they didn't make enough. No idea if it'll work for you, but maybe worth a shot to get them trumpbux. https://www.irs.gov/coronavirus/non-filers-enter-payment-info-here
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# ? Apr 14, 2020 00:46 |
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precision posted:Is everything frozen until the legal issues? No, it's still up and going, just need to figure this out sooner rather than later
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# ? Apr 14, 2020 00:55 |
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Thanks, I actually managed to get ahold of her on Facebook and got her SSN, so I should be getting my stimulus check, just gonna miss out on the $500. Crisis averted for now, I'll donate when my check gets in.
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# ? Apr 14, 2020 01:02 |
wait I can't tell, do you actually need help setting thsi up? you;ll want to open a registered 501c3, do it in Deleware, and make yourself the PRESIDENT. You will then make the patreon a contribution TO this "charity" which will then "give" the "money" to "people in need who need it" and you will use like turbotax or loving excel or some poo poo to track it and you probably have to have a yearly meeting as stipulated by the bylaws you're going to copy from the legalzoom.com torrent or whatever look i'll even spot you the buy in for the stupid legal poo poo lets goooooooo
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# ? Apr 14, 2020 01:45 |
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If only you had set this up as a business sooner, goons could have been fed by the fed
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# ? Apr 14, 2020 01:59 |
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rabble rabble posted:wait I can't tell, do you actually need help setting thsi up? you;ll want to open a registered 501c3, do it in Deleware, and make yourself the PRESIDENT. You will then make the patreon a contribution TO this "charity" which will then "give" the "money" to "people in need who need it" and you will use like turbotax or loving excel or some poo poo to track it yeah, basically all of that, is legal zoom/rocket lawyer legit and should i set up the physical address as a PO Box instead of my home address?
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# ? Apr 14, 2020 01:59 |
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# ? Jun 8, 2024 08:49 |
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Homeless Friend posted:If only you had set this up as a business sooner, goons could have been fed by the fed well yeah, it kinds blew up in the last like 4-6 weeks
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# ? Apr 14, 2020 02:00 |