Hey...remember how those so called tax experts , last year, told us to report the "paper" rol or roi or whatever you call it, as taxable income? Now, I was just wondering how many of you, out there, actually paid taxes on that ghost money? I just reported what got into my bank acct...which was a big fat zero. :)
I am not in any way ridiculing you people, who fell for this, but, don't you feel ripped off by this "expert" advice from these jokers?
Jim
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Thread: Taken to the cleaners?
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07-04-2006, 07:49 AM #1
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Taken to the cleaners?
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07-04-2006, 04:12 PM #2
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Originally Posted by kirk
Jokers ? finaly some one got it!!$100.00 x 2.67% = $2.67 x 60 Days = $160.20 PLUS your initial Deposit of $100.00 = $260.20
sorry no links because its now private program
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09-04-2006, 02:24 PM #3
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Those of us in the financial and advisory world cautioned them on this, Kirk, they just refused to listen. For the record, it should be classified as Schedule B monies, if any are received, but then, what do I know..........
I'm pretty sure the IRS isn't going to let you write this off as an investment loss............
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09-04-2006, 07:03 PM #4
If everyone would listed Dark Blade it would be all OK.
He is one that help many open eye of reality and things way should be.
By the way were is Dark Blade, I miss his expertise?
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10-04-2006, 02:19 PM #5
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Offshore-Wealth.com
Funny,
Yes, I remember those so called experts on taxes encouraging us to pay first, pray we received anything second, and now look where we are? I am glad that I under no circumstances would pay the IRS first. LOL
Good luck to all, Mike
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10-04-2006, 02:47 PM #6
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Risk Free Pofit
Hummmm,
Always only report what you got into the bank account. But then again reinvest to generate passive income to have even more ways around. TrustFunds for example, Everything in that TF name.
Some "Tax Experts" reminder me of "Insurance Experts", full of it. I stay with the one that goes to court with me, incase. hehe
My 2 cents,
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10-04-2006, 02:52 PM #7
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".........don't count your chickens.............."
It ain't real until is jingles in your pocket. THEN it's taxable (maybe!).
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11-04-2006, 04:18 AM #8
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Yes, it's certainly laughable. The whole ROL as taxable income was a joke to begin with. Anyone who listened and paid was, frankly, stupid. I mean, the tax on what I should have got would've been more than my income anyway...
It's like saying "Well, there's a chance I might win the lottery, so I'd better pay tax on £6million just in case".
!!!!!!!
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11-04-2006, 04:53 AM #9
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Pre-paid Taxes, hang on... we've got something here!
Originally Posted by nej
Imagine saying "Honey, I'll get get us one of them pre-paid tax card so we can paid the IRS by sms!!!"
theBat$COMING TO PENANG?
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11-04-2006, 05:23 AM #10
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Originally Posted by thebat$Global Pension Plan: One Time Fee for a Great One Time Return
"Maybe GOD isn't omnipotent. Maybe he's just been around so long that he knows everything..."
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