Epass And Taxes - GoFuckYourself.com

tab · 10-04-2010, 09:06 PM

Anyone ever pay taxes on the revenue held in Epass?

Mutt · 10-04-2010, 09:17 PM

Quote:

Originally Posted by tab

Anyone ever pay taxes on the revenue held in Epass?

tab · 10-04-2010, 09:19 PM

Quote:

Originally Posted by Mutt

I take that as a "no"

tab · 10-04-2010, 09:21 PM

So anyone ever get a wd-40 or a bullshit dot 2 or a t5 and a half from Epass???

epitome · 10-04-2010, 09:22 PM

Does tab stand for taxes audit bureau?

We're onto you...

epitome · 10-04-2010, 09:22 PM

Quote:

Originally Posted by tab

So anyone ever get a wd-40 or a bullshit dot 2 or a t5 and a half from Epass???

It doesn't matter. It is your responsibility to report income.

CYF · 10-04-2010, 09:23 PM

Quote:

Originally Posted by tab

Anyone ever pay taxes on the revenue held in Epass?

I really hope you're joking. I claim all my income, so should you.

cosis · 10-04-2010, 09:25 PM

Quote:

Originally Posted by tab

Anyone ever pay taxes on the revenue held in Epass?

tab · 10-04-2010, 09:26 PM

Lot a nervous fidgeting going on now...lol

tab · 10-04-2010, 09:45 PM

Look...
My feeling is that most of the money in epass was undeclared revenue.
Better still, you could stream this undeclared revenue on to a visa card and live a jolly good life.
Mr. Mallick didn't fuck up even though he can be a bit of a narcissistic bozo.
He just never imagined that the great weight of the US treasury department and the IRS would lift itself off its comfy office chair to squash him.
I have no idea how much money moved through epass, anyone care to throw out a figure?
However, the tax losses must have been enormous.
Enough so that the IRS forces a meeting with Visa and the hammer drops.
Shut it down.
And down it shuts.
Uncle Sammy wants his moola.....

epitome · 10-04-2010, 09:48 PM

Quote:

Originally Posted by tab

Look...
My feeling is that most of the money in epass was undeclared revenue.
Better still, you could stream this undeclared revenue on to a visa card and live a jolly good life.
Mr. Mallick didn't fuck up even though he can be a bit of a narcissistic bozo.
He just never imagined that the great weight of the US treasury department and the IRS would lift itself off its comfy office chair to squash him.
I have no idea how much money moved through epass, anyone care to throw out a figure?
However, the tax losses must have been enormous.
Enough so that the IRS forces a meeting with Visa and the hammer drops.
Shut it down.
And down it shuts.
Uncle Sammy wants his moola.....

Not a new theory.

Let's see, Epass went down on 9/3, and people have been speculating about that very same scenario since...I think right around 9/4.

tab · 10-04-2010, 09:50 PM

Quote:

Originally Posted by epitome

Not a new theory.

Let's see, Epass went down on 9/3, and people have been speculating about that very same scenario since...I think right around 9/4.

Crap I must have missed it...
Can you point me to the thread...

Thanks

tab · 10-04-2010, 10:33 PM

Quote:

Originally Posted by epitome

Not a new theory.

Let's see, Epass went down on 9/3, and people have been speculating about that very same scenario since...I think right around 9/4.

At first you answered me 1 minute after my post.
At second you answered me 2 minutes after my post.
A third you answered me 3 minutes after my post.

Now more then 40 minutes have gone by and no answer?

Please do point out to me the thread where this theory has been discussed so I can invoke a colloque of like minded acolytes of sameness for being and gratification.
Please I do await your answer.

With all due respect of course...

GatorB · 10-04-2010, 11:17 PM

Quote:

Originally Posted by tab

Anyone ever pay taxes on the revenue held in Epass?

I've always claimed income. If the IRS ever decide to lok they would have found the money anyways so why put up with having the IRS on your ass?

ContentPimp · 10-04-2010, 11:46 PM

of course :D And I gave 35% of my epass earnings to government so I can scream at organized protests that I am a tax paying citizen and I DEMAND JUSTICE ____fill__in___cause___here! ;) ;)

McSpike · 10-05-2010, 01:07 AM

If the speculation was true I would imagine the US webmasters would have their assets frozen in the banks that handle wires and SKNANB that handles their VW. This would have also surfaced by now. Just as it did with Neteller.

It could be a dozen other things. The way epass did their due dilligence it is unbelievable no one put a stop to this organization. Not that it was illegal or anything, but the way due diligence was performed... no solid bank does it that poor. But then, they were not a bank.

u-Bob · 10-05-2010, 01:27 AM

<--- declares all income.

Sid70 · 10-05-2010, 02:22 AM

Emil · 10-05-2010, 02:26 AM

Quote:

Originally Posted by tab

Anyone ever pay taxes on the revenue held in Epass?

I did. After the meeting the tax agency had with me... Feels better to know that all money I got is mine and there wont be any problems in the future.

RycEric · 10-05-2010, 02:35 AM

Quote:

Originally Posted by tab

Anyone ever pay taxes on the revenue held in Epass?

No... but we do/did pay taxes on the withdrawals and subsequent deposits in our bank accounts.

DWB · 10-05-2010, 02:36 AM

I doubt anyone who used epass paid taxes on the money.

V_RocKs · 10-05-2010, 02:46 AM

I did. Kind of normal. The people that paid me via ePassporte also sent me 1099's. No different than checks. I only used the account to pay bills so those people might have something to answer for.

signupdamnit · 10-05-2010, 02:50 AM

Quote:

Originally Posted by DirtyWhiteBoy

I doubt anyone who used epass paid taxes on the money.

If they live in the U.S. then they'd be fools not to have. Especially if it's a large amount of money.

TheDA · 10-05-2010, 03:07 AM

Of course.

Denny · 10-05-2010, 03:22 AM

Sure thing.

Zuzana Designs · 10-05-2010, 03:30 AM

I always transfer my money into a US bank account and always claim everything.

v4 media · 10-05-2010, 03:37 AM

If the payment was from a US co, then dont they have to fill out a W9?

BlackCrayon · 10-05-2010, 04:59 AM

if you have large amounts going through your epass, you sure as hell better. they are watching...it typically doesn't even matter if you claim it or not, if you have large amounts going through you could have some explaining to do and the tax man does not lkie it when you despoit random amounts of cash into your bank account and can't trace the amounts back to your epass withdrawls, so apparently you should be depositing the same amounts you withdraw ie withdraw 568, deposit 568 that same day, etc. if its going straight to your bank account from epass with no cash being involved, its much less messy should the tax man come after you.

notime · 10-05-2010, 05:03 AM

All properly booked, taxes paid, invoiced and checked by our accountants.

NinjaSteve · 10-05-2010, 05:23 AM

You should seek legal council about your taxes.

cykoe6 · 10-05-2010, 05:31 AM

I pay taxes on all of my online income. I use Stats Remote to keep track of revenues. People using Epass for tax evasion and illegal activities is likely the reason why Epass is gone.

Ethersync · 10-05-2010, 05:35 AM

Yes, all by the book here as well.

Magix · 10-05-2010, 06:38 AM

Quote:

Originally Posted by Adultmix

The best Sig on GFY

tab · 10-05-2010, 06:46 AM

Quote:

Originally Posted by BlackCrayon

if you have large amounts going through your epass, you sure as hell better. they are watching...

The IRS and Revenue Canada are not and could not watch Epass.
They are watching you.
So long as you do not give them a reason to look they won't.
Living the good life off of an off-shore credit card is very hard to detect.
Just make sure none of that webmaster revenue ever shows up in an on-shore bank and your good to go.
Visa won't report it, they earn a percentage with every transaction you make.
Epass won't report it they also earn off of every transaction you make.
And the same goes for the bank in St.Kitts and the shop keeper that accepted your credit card.
Epass was a great deal all around for everyone except the IRS

Agent 488 · 10-05-2010, 06:50 AM

there is going to be a nice chunk of liquidity flowing into an ailing banking system this month. kind of weird, probably intentional.

BlackCrayon · 10-05-2010, 06:56 AM

Quote:

Originally Posted by tab

The IRS and Revenue Canada are not and could not watch Epass.
They are watching you.
So long as you do not give them a reason to look they won't.
Living the good life off of an off-shore credit card is very hard to detect.
Just make sure none of that webmaster revenue ever shows up in an on-shore bank and your good to go.
Visa won't report it, they earn a percentage with every transaction you make.
Epass won't report it they also earn off of every transaction you make.
And the same goes for the bank in St.Kitts and the shop keeper that accepted your credit card.
Epass was a great deal all around for everyone except the IRS

Maybe if you used a fake name/fake address, otherwise it can still come back to you.

martinsc · 10-05-2010, 07:01 AM

CaptainHowdy · 10-05-2010, 07:08 AM

Quote:

Originally Posted by Adultmix

Best reply so far...

Naughty-Pages · 10-05-2010, 07:40 AM

Quote:

Originally Posted by V_RocKs

I did. Kind of normal. The people that paid me via ePassporte also sent me 1099's. No different than checks. I only used the account to pay bills so those people might have something to answer for.

Ditto.. kind of hard to use epass to avoid paying taxes when 1099's are being sent.

And the IRS is going to be requiring paypal, google checkout, and others to report stuff using a"1099-K" starting next year.. (and that might also include ccbill as that is technically a 3rd party processor).

The big problem i foresee is with this is companies that use paypal or ccbill etc for payouts that send 1099's already.. it is going to get real confusing at tax time because there are bound to be a ton of double entries. (which is probably why they use a unique form, but in the end it means alot of extra paperwork.. ugghh..).

If you ask me, they should just kill off the IRS and instead collect a higher sales tax.. then even drug dealers and hookers would pay, and there would be no need for filing returns, no need for the IRS, and no way to evade taxes... And it would be fair across the board, the more you make, the more you spend, the more you pay..

Either way, all of those ebay people are gonna be in for a big surprise lol..

David! · 10-05-2010, 07:47 AM

A lot of people used ePassporte for its convenience, not for tax evasion since if you are a US entity, you have to fill up a W-9, so how you get paid doesn't really matter since the IRS knows how much you are getting paid...

SmokeyTheBear · 10-05-2010, 10:17 AM

Mos people used epass for payments from sponsors who report the income anyways so it's a moot point really. Most people have no choice but to report it.

TurboAngel · 10-05-2010, 10:21 AM

Quote:

Originally Posted by MCO_David

A lot of people used ePassporte for its convenience, not for tax evasion since if you are a US entity, you have to fill up a W-9, so how you get paid doesn't really matter since the IRS knows how much you are getting paid...

You got it! My aunt is an accountant and she does mine every year.

TylerBang · 10-05-2010, 10:21 AM

Quote:

Originally Posted by tab

Anyone ever pay taxes on the revenue held in Epass?

Dude seriously, of course.

I hate prison.

Cash · 10-05-2010, 10:37 AM

Quote:

Originally Posted by tab

I take that as a "no"

Klen · 10-05-2010, 10:40 AM

Quote:

Originally Posted by SmokeyTheBear

Mos people used epass for payments from sponsors who report the income anyways so it's a moot point really. Most people have no choice but to report it.

Well if you are from usa and using usa sponsor,then you need to fill w9 form and cant avoid it.

tab · 10-05-2010, 02:16 PM

Quote:

Originally Posted by SmokeyTheBear

Mos people used epass for payments from sponsors who report the income anyways so it's a moot point really. Most people have no choice but to report it.

Quote:

Originally Posted by MCO_David

A lot of people used ePassporte for its convenience, not for tax evasion since if you are a US entity, you have to fill up a W-9, so how you get paid doesn't really matter since the IRS knows how much you are getting paid...

Quote:

Originally Posted by KlenTelaris

Well if you are from usa and using usa sponsor,then you need to fill w9 form and cant avoid it.

Sounds good.
I get a fist full of "W" whatever's once a year from all the USA sponsors.
I get nothing from sponsors outside the US of which there are plenty.
Can't hand a "W" nothing to my accountant can I?

Keep in mind the actual reason for starting the thread wasn't to get anyone to fess up to anything.
I know everyone on this board pays all of their taxes properly and in full just like me.

I was just rooting around for the real reason for the sudden no notice shutdown....

Unless some genius discovered al qaeda was pumping money through epass the only other thing I can think of is that the IRS was pissed that too many dollars were going untaxed.

Mallick would have avoided this if he could because that Epass must a been a humdinger of a cash cow

This was coming from an angle he did not anticipate at all otherwise he would a patched the hole fast.

10-04-2010, 09:06 PM	#1
tab Registered User Join Date: Aug 2005 Posts: 25	Epass And Taxes Anyone ever pay taxes on the revenue held in Epass?

10-04-2010, 11:46 PM	#15
ContentPimp Confirmed User Join Date: Nov 2008 Posts: 3,184	of course :D And I gave 35% of my epass earnings to government so I can scream at organized protests that I am a tax paying citizen and I DEMAND JUSTICE ____fill__in___cause___here! ;) ;) __________________ Blog Post Writing and Reviews are 2 cents per word & Titles and Gallery Descriptions 1 cent per word We also write Pay Site Reviews, SEO and Mainstream text www.contentpimp.info Contact me on ICQ at 400792466 Payoneer, Paxum and Paypal Accepted forms of Payment by the Pimp

10-05-2010, 02:22 AM	#18
Sid70 Downshifter Industry Role: Join Date: Dec 2002 Location: Road trip Posts: 16,413	__________________ Русня, идите нахуй!

10-05-2010, 03:22 AM	#25
Denny Too lazy to set a custom title Industry Role: Join Date: Feb 2005 Posts: 17,286	Sure thing. __________________

10-05-2010, 03:30 AM	#26
Zuzana Designs All Your Design Needs Industry Role: Join Date: Feb 2005 Location: [email protected] Posts: 20,851	I always transfer my money into a US bank account and always claim everything. __________________ Website Design - Consulting - Development sarah [at] zuzanadesigns.com - See Our Work

10-04-2010, 09:21 PM	#4
tab Registered User Join Date: Aug 2005 Posts: 25	So anyone ever get a wd-40 or a bullshit dot 2 or a t5 and a half from Epass???

10-04-2010, 09:22 PM	#5
epitome So Fucking Lame Industry Role: Join Date: Jun 2009 Location: St. Petersburg, FL Posts: 12,156	Does tab stand for taxes audit bureau? We're onto you...

10-04-2010, 09:26 PM	#9
tab Registered User Join Date: Aug 2005 Posts: 25	Lot a nervous fidgeting going on now...lol

10-04-2010, 09:45 PM	#10
tab Registered User Join Date: Aug 2005 Posts: 25	Look... My feeling is that most of the money in epass was undeclared revenue. Better still, you could stream this undeclared revenue on to a visa card and live a jolly good life. Mr. Mallick didn't fuck up even though he can be a bit of a narcissistic bozo. He just never imagined that the great weight of the US treasury department and the IRS would lift itself off its comfy office chair to squash him. I have no idea how much money moved through epass, anyone care to throw out a figure? However, the tax losses must have been enormous. Enough so that the IRS forces a meeting with Visa and the hammer drops. Shut it down. And down it shuts. Uncle Sammy wants his moola.....

10-05-2010, 01:07 AM	#16
McSpike Confirmed User Join Date: May 2001 Posts: 1,042	If the speculation was true I would imagine the US webmasters would have their assets frozen in the banks that handle wires and SKNANB that handles their VW. This would have also surfaced by now. Just as it did with Neteller. It could be a dozen other things. The way epass did their due dilligence it is unbelievable no one put a stop to this organization. Not that it was illegal or anything, but the way due diligence was performed... no solid bank does it that poor. But then, they were not a bank.

10-05-2010, 01:27 AM	#17
u-Bob there's no $$$ in porn Industry Role: Join Date: Jul 2005 Location: icq: 195./568.-230 (btw: not getting offline msgs) Posts: 33,063	<--- declares all income.

10-05-2010, 02:36 AM	#21
DWB Registered User Industry Role: Join Date: Jul 2003 Location: Encrypted. Access denied. Posts: 31,779	I doubt anyone who used epass paid taxes on the money.

10-05-2010, 02:46 AM	#22
V_RocKs Damn Right I Kiss Ass! Industry Role: Join Date: Dec 2003 Location: Cowtown, USA Posts: 32,409	I did. Kind of normal. The people that paid me via ePassporte also sent me 1099's. No different than checks. I only used the account to pay bills so those people might have something to answer for.

10-05-2010, 03:07 AM	#24
TheDA Confirmed User Industry Role: Join Date: May 2006 Posts: 4,665	Of course.

10-05-2010, 03:37 AM	#27
v4 media Confirmed User Industry Role: Join Date: Feb 2005 Location: Spain Posts: 2,934	If the payment was from a US co, then dont they have to fill out a W9?

10-05-2010, 04:59 AM	#28
BlackCrayon Too lazy to set a custom title Join Date: Jun 2003 Location: Ottawa Posts: 19,631	if you have large amounts going through your epass, you sure as hell better. they are watching...it typically doesn't even matter if you claim it or not, if you have large amounts going through you could have some explaining to do and the tax man does not lkie it when you despoit random amounts of cash into your bank account and can't trace the amounts back to your epass withdrawls, so apparently you should be depositing the same amounts you withdraw ie withdraw 568, deposit 568 that same day, etc. if its going straight to your bank account from epass with no cash being involved, its much less messy should the tax man come after you. __________________ you don't know you're wearing a leash if you sit by the peg all day..

10-05-2010, 05:03 AM	#29
notime Confirmed User Industry Role: Join Date: Jun 2003 Location: cyberspace Posts: 8,022	All properly booked, taxes paid, invoiced and checked by our accountants.

10-05-2010, 05:23 AM	#30
NinjaSteve Too lazy to set a custom title Industry Role: Join Date: Dec 2003 Posts: 11,089	You should seek legal council about your taxes. __________________ ...

10-05-2010, 05:31 AM	#31
cykoe6 Confirmed User Industry Role: Join Date: Apr 2005 Location: Vegas Posts: 4,499	I pay taxes on all of my online income. I use Stats Remote to keep track of revenues. People using Epass for tax evasion and illegal activities is likely the reason why Epass is gone. __________________ бабки, шлюхи, сила

10-05-2010, 05:35 AM	#32
Ethersync Confirmed User Join Date: Mar 2008 Location: London, Saint-Tropez, Bermuda, Moscow Posts: 5,289	Yes, all by the book here as well. __________________ The best ePassporte replacement I have found: OKPAY

10-05-2010, 06:50 AM	#35
Agent 488 Registered User Industry Role: Join Date: Feb 2006 Posts: 22,511	there is going to be a nice chunk of liquidity flowing into an ailing banking system this month. kind of weird, probably intentional.

10-05-2010, 07:01 AM	#37
martinsc Too lazy to set a custom title Industry Role: Join Date: Jun 2005 Location: 127.0.0.1 Posts: 27,047	__________________ Make Money

10-05-2010, 07:47 AM	#40
David! By the wrath of Agamemnon Industry Role: Join Date: Apr 2004 Location: Miami Posts: 6,501	A lot of people used ePassporte for its convenience, not for tax evasion since if you are a US entity, you have to fill up a W-9, so how you get paid doesn't really matter since the IRS knows how much you are getting paid... __________________ .

10-05-2010, 10:17 AM	#41
SmokeyTheBear ►SouthOfHeaven Join Date: Jun 2004 Location: PlanetEarth MyBoardRank: GerbilMaster My-Penis-Size: extralarge MyWeapon: Computer Posts: 28,609	Mos people used epass for payments from sponsors who report the income anyways so it's a moot point really. Most people have no choice but to report it. __________________ hatisblack at yahoo.com