Quote from: dothebeats on Today at 02:33:59 PM

Quote from: un_rank on April 30, 2024, 07:02:29 PM

The Uniited States tax laws are insane. Despite several attempts to try and wrap my head around it, I hit a brick wall every time. It seems like a design intended to indict people rather than make the process easier for them, you have to figure out what to do and when to do it, otherwise you'll face prosecution.

Let's see as more details unfold regarding this case.

- Jay -

As someone who worked with helping people file their taxes in the US, I understand why there is a huge number of citizens that do not know how to file for their taxes and would rather pay other people to do it for them, even if it means that it might be an additional amount equivalent to the tax that they should be paying. This goes out to individuals that are earning modestly and quite 'comfortably', but I'm not certain about people who are earning millions from whatever venture they have.

I'm pretty sure Roger Ver knows his taxes. He may have forgotten that he's still obligated to pay his taxes (that's how absurd it is) even though in his mind, he no longer has this obligation to the US.

years ago there were some social media trends about tax avoidance by seeking citizenship else where. and alot of people didnt and still dont realise that by the very act of trying to change citizenship is a trigger of a taxable event in of itself.
back then we had many crypto scammers trying to offer citizenships onboard their off short boats, seapods, steasteading campaigns.. it was hilarious calling out them scams.

many dont realise that revoking your own citizenship stops the clock meaning it alienates you from the laws that could have aided you. and you are then stuck as an outlaw knowing if you returned, you will get targetted..

its much easier to just learn the laws to learn the loopholes of how to legally avoid tax, rather than find the evasion tricks found in social media

,,
one other thing about one of the charges against ver is a silly administration one that started the headaches against ver..
him filing a valuation based on 3/2/14 instead of 2/3/14 (well if you are in the EU or US they switch meaning of actual calendar real time..)
EU 2/3/14 is 2nd march but in US is 3rd Feb
thats where one of the charges are called 'erroneous' because its just a slip up. but started several balls rolling of vers arguments against valuations in 2014+
so even little errors can start big avalanches