Did Anyone Screen Shot of Their VV Balance To Write Off? - GoFuckYourself.com

DavieVegas · 09-24-2010, 12:06 AM

I did. Now its printed out for the lawyers that need it and i'm going to write it off as a loss for taxes...Red Flags all over the Epass. Also, FBI was tipped off about this after today's announcement I am hearing from people with way more money then I have in it. FUCKING CROOKS!

P.S

Lets get behind shap also on this one. We all need some good news

Jdoughs · 09-24-2010, 12:09 AM

Google bomb www.meatspin.com with the anchor text "Chris Mallick".

BloodFart · 09-24-2010, 12:11 AM

Screencaps, legally as good as a notarized statement I suppose right?

I fucked up tho, I only have an irc log talking about how much i lost, Im sure thats good enough for a write off too.

Jdoughs · 09-24-2010, 12:14 AM

I would think that neither a screenshot or a screencap of a convo will prove any losses.

DavieVegas · 09-24-2010, 12:16 AM

ya not sure about a convo but i did a screeen shot of the amount just in case

BIGTYMER · 09-24-2010, 12:20 AM

I hope the date is somewhere on the screenshot.

DavieVegas · 09-24-2010, 12:25 AM

Quote:

Originally Posted by BIGTYMER

I hope the date is somewhere on the screenshot.

I asked my lawyer. Its not needed since All i have to do is show the IRS if they ask all the epass threads when you search google that has the dates that all this happened on all the different news websites

DavieVegas · 09-24-2010, 12:27 AM

Also I printed out the sept 23rd message from epass stating the bad news.

PSD · 09-24-2010, 12:34 AM

According to IRS, they do not allow one to write off bad debts if they were not previously recorded as income. So for those doing accounting on a cash vs accural basis, you record income when you actually get it and since we never got it, well ...

http://www.irs.gov/taxtopics/tc453.html

Trader Fr · 09-24-2010, 12:37 AM

how do you think IRS will help you.
They will ask you the taxes for sure and let you down with your epass problem lol

DavieVegas · 09-24-2010, 12:44 AM

JCK, IF you INCLUDE epass as income it DOES count for writing off even if you never received it. Its the same as getting paid and then paying out for advertising etc. so if you received 500 and then just sent 500 out you still need to have that paper trail recorded and it still needs to be counted.

DavieVegas · 09-24-2010, 12:45 AM

Quote:

Originally Posted by Trader Fr

how do you think IRS will help you.
They will ask you the taxes for sure and let you down with your epass problem lol

Your lost and understand english before you post.

DavieVegas · 09-24-2010, 12:47 AM

Quote:

Originally Posted by JCK

According to IRS, they do not allow one to write off bad debts if they were not previously recorded as income. So for those doing accounting on a cash vs accural basis, you record income when you actually get it and since we never got it, well ...

http://www.irs.gov/taxtopics/tc453.html

"To deduct a bad debt, you must have previously included the amount in your income or loaned out your cash"

I am including this in my income and I can write this off as a bad debt.

also,

"If you are a cash basis taxpayer, as most individuals are, you may not take a bad debt deduction for money you expected to receive but did not"

I did receive the money in epass(screenshot) which counts as income that I report.

PSD · 09-24-2010, 12:59 AM

Depends on when you record it, its an accounting thing.

Those who record their income on a cash basis do so when they actually physically receive/control the funds and so for those since they have not received the funds they can't record it yet and thus are not eligible to write it off. I guess you could say you "recevied it" by it going to epassporte.

Those who record their income on an accural basis do so when they actually earned it and so for those they would have already earned it and recorded it and thus would be eligible to write it off.

In any case, since you are recording it as received income accounting wise then you should definetely write it off. Just did not want people that are not reporting it as income to try and write it off.

09-24-2010, 12:06 AM	#1
DavieVegas Confirmed User Industry Role: Join Date: Jun 2004 Location: Las Vegas Posts: 6,116	Did Anyone Screen Shot of Their VV Balance To Write Off? I did. Now its printed out for the lawyers that need it and i'm going to write it off as a loss for taxes...Red Flags all over the Epass. Also, FBI was tipped off about this after today's announcement I am hearing from people with way more money then I have in it. FUCKING CROOKS! P.S Lets get behind shap also on this one. We all need some good news __________________ SKYPE#: davievegas - email: ddmedia702[at]mail[.]com

09-24-2010, 12:09 AM	#2
Jdoughs Confirmed User Industry Role: Join Date: Mar 2004 Location: Great White North Posts: 5,794	Google bomb www.meatspin.com with the anchor text "Chris Mallick". __________________ LinkSpun - Premier Adult Link Trading Community - ICQ - 464/\281/\250 Be Seen By New Webmasters/Affiliates * Target out webmasters/affiliates based on niches your sites are for less than $20 a month. AmeriNOC - Proudly hosted @ AmeriNOC!

09-24-2010, 12:14 AM	#4
Jdoughs Confirmed User Industry Role: Join Date: Mar 2004 Location: Great White North Posts: 5,794	I would think that neither a screenshot or a screencap of a convo will prove any losses. __________________ LinkSpun - Premier Adult Link Trading Community - ICQ - 464/\281/\250 Be Seen By New Webmasters/Affiliates * Target out webmasters/affiliates based on niches your sites are for less than $20 a month. AmeriNOC - Proudly hosted @ AmeriNOC!

09-24-2010, 12:16 AM	#5
DavieVegas Confirmed User Industry Role: Join Date: Jun 2004 Location: Las Vegas Posts: 6,116	ya not sure about a convo but i did a screeen shot of the amount just in case __________________ SKYPE#: davievegas - email: ddmedia702[at]mail[.]com

09-24-2010, 12:27 AM	#8
DavieVegas Confirmed User Industry Role: Join Date: Jun 2004 Location: Las Vegas Posts: 6,116	Also I printed out the sept 23rd message from epass stating the bad news. __________________ SKYPE#: davievegas - email: ddmedia702[at]mail[.]com

09-24-2010, 12:11 AM	#3
BloodFart Confirmed User Join Date: Feb 2004 Posts: 728	Screencaps, legally as good as a notarized statement I suppose right? I fucked up tho, I only have an irc log talking about how much i lost, Im sure thats good enough for a write off too.

09-24-2010, 12:20 AM	#6
BIGTYMER Junior Achiever Industry Role: Join Date: Nov 2004 Location: Walled Garden Posts: 17,066	I hope the date is somewhere on the screenshot.

09-24-2010, 12:34 AM	#9
PSD PornSiteDomains.com Industry Role: Join Date: Oct 2002 Location: US Posts: 1,265	According to IRS, they do not allow one to write off bad debts if they were not previously recorded as income. So for those doing accounting on a cash vs accural basis, you record income when you actually get it and since we never got it, well ... http://www.irs.gov/taxtopics/tc453.html __________________ PornSiteDomains.com

09-24-2010, 12:37 AM	#10
Trader Fr Registered User Join Date: Dec 2004 Posts: 87	how do you think IRS will help you. They will ask you the taxes for sure and let you down with your epass problem lol

09-24-2010, 12:44 AM	#11
DavieVegas Confirmed User Industry Role: Join Date: Jun 2004 Location: Las Vegas Posts: 6,116	JCK, IF you INCLUDE epass as income it DOES count for writing off even if you never received it. Its the same as getting paid and then paying out for advertising etc. so if you received 500 and then just sent 500 out you still need to have that paper trail recorded and it still needs to be counted. __________________ SKYPE#: davievegas - email: ddmedia702[at]mail[.]com

09-24-2010, 12:59 AM	#14
PSD PornSiteDomains.com Industry Role: Join Date: Oct 2002 Location: US Posts: 1,265	Depends on when you record it, its an accounting thing. Those who record their income on a cash basis do so when they actually physically receive/control the funds and so for those since they have not received the funds they can't record it yet and thus are not eligible to write it off. I guess you could say you "recevied it" by it going to epassporte. Those who record their income on an accural basis do so when they actually earned it and so for those they would have already earned it and recorded it and thus would be eligible to write it off. In any case, since you are recording it as received income accounting wise then you should definetely write it off. Just did not want people that are not reporting it as income to try and write it off. __________________ PornSiteDomains.com Last edited by PSD; 09-24-2010 at 01:01 AM..