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hello!
The whole tax thing has me a little nervous. I'd like to keep some of the money, you know? But I don't want to go to jail either. My question is, when we let the fed know that we are making this money, are we taxed on all the funds that have accrued, or just what we withdraw? Is there an info source somewhere that can tell me how best to approach the.....the....(ick! ick!).......irs?
thanks,
Ourhouse :D
Are taxes really the concern here? When no one is getting paid this year at all (with one or two minor exceptions?)
The only tax relevancy I see here is being able to write off as a total loss my entire PIPS investment. I hope. Then I can at least get SOMETHING out of this mess.
You have nothing to worry about at this point.Quote:
Originally Posted by ourhouse37
Hello Ourhouse.Quote:
Originally Posted by ourhouse37
If you are a taxpayer, then this money would be "income"... and taxable, I would suggest that you dont' have to declare it till you get it, but that isn't hither nor yon.
Now the question is, are you a taxpayer???
There are a LOT of ways that you can learn to manage your taxes and reduce them or eliminate them completely depending on your tactics and comfort level. I work with a company that sells information products, CD packages, Seminars and Pre-vetted service providers that can help you organize your affairs for Privacy, and legal tax management.
If you are interested in taking a serious look at the options please PM me.
Only "PAID" available funds are taxable.Total ROL is simply account value,we only take a daily percentage that when received becomes taxable income on a return from a Debenture Trust Fund Loan not interest on an investment.Keep it simple and don't worry about jail jusy pay your due taxes and everything will be fine.
I'd be more concerned when I actually start to receive returns when that finally happens. 8)