I lost everything I have, including my sanity in a boating accident. People still think that when you send money via Venmo and Zell and Apple Pay its all not "findable" This is a real gotcha. Lets say at work, on person buys lunch every day, I don't know to get Credit Card Miles or some shit. The other 3 people at the table Venmo or Apple Pay the guy. No harm no foul? Lunch cost likely $18 bucks lets say, and if you go out 3x a week with these office fucks, they pay you, $162 a week for lunch you paid for to get credit card miles. x 50 weeks (vacation bruh) To the IRS you made ~8100 a year off of a "side hustle" They have no idea what you are doing, and don't give a fuck, but you have clear income of 8100 bucks.
Can you fight this and win, yeah, sure. But you didn't keep receipts.
Its my opinion that no work should be taxed unless you work for a billion dollar business, then let them pay the fucking tax out of their operating costs.
The power to tax is the power to crush. The IRS does not want you making money, they want you working for an entity that they can have full tracking on.
I don't disagree. The vid just covers the law. Surprisingly there are zero reporting requirements for PM sales, UNLESS you exceed the quantity of a standard futures contract unit - whatever those may be. Always good to know what one is up against, and the "rules" thereof. A person can exercise free will based on their ethos and moral compass. It's just that your free will can also have consequences.
Agree totally. I like knowing the law well enough to see the loopholes.