Page 1 of 2 12 LastLast
Results 1 to 25 of 27

Thread: Why you NEED to do your taxes

  1. #1
    Featured Member goreantx's Avatar
    Joined
    Sep 2005
    Location
    USA
    Posts
    1,109
    Thanks
    182
    Thanked 874 Times in 322 Posts
    My Mood
    Devilish

    Default Why you NEED to do your taxes

    This is the first year I have been camming, and I was terrified to do taxes. I was convinced that would owe the government a third of what I made. I knew I had to do it though, because I didn't want to start my camming career on the wrong foot with the IRS. Get this, I found Liz on this forum who has been doing taxes for 32 years. She is helping me set up a corporation, and she did my taxes. Guess what I ended up owing. -$6300. That's right. Do your taxes, specifically through Liz mslizvt(at)yahoo(dot)com. I GOT $6300 FOR DOING MY TAXES. (faint)
    Yes, I'm real.

  2. The Following 8 Users Say Thank You to goreantx For This Useful Post:


  3. #2
    Banned
    Joined
    Aug 2012
    Posts
    8
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default Re: Why you NEED to do your taxes

    you got 6300 or paid 6300?

  4. #3
    God/dess CourtneyRaine's Avatar
    Joined
    Aug 2011
    Posts
    2,326
    Thanks
    9,085
    Thanked 7,117 Times in 1,825 Posts
    My Mood
    Grumpy

    Default Re: Why you NEED to do your taxes

    Damn, girl! in 2011 I was having a lot of personal problems and didn't get to cam as much as I wanted to, even though it was my only source of income. When I filed I reported EVERYTHING I earned, even from sites that didn't issue a 1099. I am single with no kids and though I did end up owing it was only a few hundred. I even got back $25 from the state, lol. Really wasn't as bad as I thought it would be, and I feel better knowing that if I am ever audited one day I've done everything honestly and won't have to worry about back taxes and interest. It really is cheaper in the long run to just file honestly, unless you're okay with taking risks.

  5. The Following 2 Users Say Thank You to CourtneyRaine For This Useful Post:


  6. #4
    Featured Member goreantx's Avatar
    Joined
    Sep 2005
    Location
    USA
    Posts
    1,109
    Thanks
    182
    Thanked 874 Times in 322 Posts
    My Mood
    Devilish

    Default Re: Why you NEED to do your taxes

    Quote Originally Posted by ashleybasher View Post
    you got 6300 or paid 6300?
    I got 6300
    Yes, I'm real.

  7. #5
    God/dess anonymous camgirl's Avatar
    Joined
    Mar 2012
    Location
    HEAVEN
    Posts
    5,359
    Thanks
    6,513
    Thanked 11,807 Times in 3,965 Posts
    My Mood
    Sleepy

    Default Re: Why you NEED to do your taxes

    Quote Originally Posted by goreantx View Post
    I got 6300
    Now is that from setting a corporation?? I have NEVER in my life got that much back.. even with 2 kids.. hmm tell us what your situation is. I might have to dig deeper into my taxes.

  8. #6
    God/dess SarahTime's Avatar
    Joined
    Jul 2011
    Location
    Texas
    Posts
    3,681
    Thanks
    8,041
    Thanked 13,685 Times in 2,854 Posts
    My Mood
    Inspired

    Default Re: Why you NEED to do your taxes

    Quote Originally Posted by goreantx View Post
    This is the first year I have been camming, and I was terrified to do taxes. I was convinced that would owe the government a third of what I made. I knew I had to do it though, because I didn't want to start my camming career on the wrong foot with the IRS. Get this, I found Liz on this forum who has been doing taxes for 32 years. She is helping me set up a corporation, and she did my taxes. Guess what I ended up owing. -$6300. That's right. Do your taxes, specifically through Liz mslizvt(at)yahoo(dot)com. I GOT $6300 FOR DOING MY TAXES. (faint)
    Are you married with children? Those are usually the biggest factors in getting a refund. I always get money back also.

    However, for single girls with no children, they very well may end up paying a lot. So... don't get your hopes up too much just yet.

    Also, there are PLENTY of other reasons to make sure you pay your taxes other than the possibility of a refund. For starters, how about the avoidance of an audit which will cost you thousands.

    Glad you got some back though, it's always nice when that happens!
    xoxo ~ Sarah




  9. The Following 9 Users Say Thank You to SarahTime For This Useful Post:


  10. #7
    Veteran Member Tbean's Avatar
    Joined
    May 2012
    Posts
    203
    Thanks
    162
    Thanked 248 Times in 94 Posts
    My Mood
    Doh

    Default Re: Why you NEED to do your taxes

    I have a few other reasons to always file...proof of income. Want a car? A house? Anything you will need a loan for in the semi-near future? Start building a credible solid proof of income and also responsibility...if you can show a bank that you can hold your own for a few years and have had no problems paying your current bills they will have less problems giving you what you want to get what you need. Also, for those ladies who are single moms and if you do hit hard times, say you are suddenly facing dead rooms and a crap income for a few months and could be facing very scary situations, like not being able to pay your water, rent, buy food for your kids, etc. If you can't prove that you are doing something and trying at least and really are just having a rough patch, you could be told that you don't have enough of an established income history to qualify...it actually happened to someone i know, not because they didn't do their taxes but they didn't work much and didn't have any credible income to show when they needed help. Sounds weird, I know...but at the same time, I'm glad that at least some places aren't just handing out money to just anyone who claims to need it too.
    I'm on Twitter, follow me I'll follow you!




    Quote Originally Posted by DaddyslilHeaven View Post
    If I get upset, I just think about bubbles then go blow some...nothing makes me happier than watching beautiful, innocently fragile spheres float through the air then die. LOL!

  11. The Following 2 Users Say Thank You to Tbean For This Useful Post:


  12. #8
    Featured Member goreantx's Avatar
    Joined
    Sep 2005
    Location
    USA
    Posts
    1,109
    Thanks
    182
    Thanked 874 Times in 322 Posts
    My Mood
    Devilish

    Default Re: Why you NEED to do your taxes

    Liz is amazing, she knows the tax code in and out. She said we got so much back because we (legitamitely) qualified for earned income credit and child care credit and Additional Child Credit because our overall income is low and my husband had earned income and we have two children.
    Yes, I'm real.

  13. #9
    God/dess sexysusie's Avatar
    Joined
    Apr 2012
    Location
    UK
    Posts
    5,664
    Thanks
    8,080
    Thanked 10,331 Times in 3,728 Posts
    My Mood
    Aggressive

    Default Re: Why you NEED to do your taxes

    Lol not sure how you managed this. I owed £371 in my first tax year after earning around 3k in a few months. Wish i had your accountant!!!
    "If you want to earn more, learn more" ~ Zig Ziglar




  14. #10
    God/dess LAChloe's Avatar
    Joined
    Sep 2007
    Location
    los angeles
    Posts
    2,107
    Thanks
    5,428
    Thanked 2,927 Times in 999 Posts

    Default Re: Why you NEED to do your taxes

    what is her handle on this forum?

  15. The Following User Says Thank You to LAChloe For This Useful Post:


  16. #11
    Featured Member HaydenBlue's Avatar
    Joined
    Apr 2011
    Posts
    1,915
    Thanks
    6,574
    Thanked 8,886 Times in 1,532 Posts
    My Mood
    Flirty

    Default Re: Why you NEED to do your taxes

    Does she have a website? Just an email...i'unno man.







  17. The Following 4 Users Say Thank You to HaydenBlue For This Useful Post:


  18. #12
    Newbie MsTakeU's Avatar
    Joined
    Feb 2012
    Posts
    6
    Thanks
    0
    Thanked 19 Times in 3 Posts
    My Mood
    Cheerful

    Default Re: Why you NEED to do your taxes

    LAChole, et al, Hi!

    MsTakeu, that's me. I'm the one who GoreanTX now calls the Tax Fairy!

    No website, been there done that. I'm pretty low key.

    For decades I had the big office, staff, hundreds of clients. Now it's just me, working from home, and have more time on my hands to do more of what I want, instead of 80 hour weeks, making money to just pay the people working for me.

    If anyone has questions for me, please totally feel free to email me at mslizvt (at) yahoo (dot) com or even add me on messenger.

    The bottom line is I love what I do, which is why I've been doing it for so long. At the same time, for almost as long as I've been doing taxes, I've had clients in the sex industry, from escorts to bdsm toy manufacturers. Can't help it, it's the world I fit into.

    Am I making sense?


    Ms. Liz


  19. #13
    Featured Member Jessica1001's Avatar
    Joined
    Nov 2010
    Posts
    931
    Thanks
    1,245
    Thanked 2,276 Times in 580 Posts

    Default Re: Why you NEED to do your taxes

    As soon as I am no longer border-straddling, and only have US taxes to file, I will SO hire you. :-)

    (Don't tell me you do Canadian taxes too, now, because I don't think my poor heart could handle the elation.)

    :-)
    Quote Originally Posted by sugarmouse0707 View Post
    What I DO have issues with, is that this was a couple of years ago And Judas is still in the freezer.

  20. #14
    Featured Member DiamondCupcakes's Avatar
    Joined
    Dec 2011
    Location
    In Your Computer
    Posts
    794
    Thanks
    414
    Thanked 1,265 Times in 422 Posts
    My Mood
    Busy

    Default Re: Why you NEED to do your taxes

    Sounds great =) Congrat girly!
    @mstakeu Do you have references? Just have never heard of you and would love to know more.

  21. The Following 2 Users Say Thank You to DiamondCupcakes For This Useful Post:


  22. #15
    Newbie MsTakeU's Avatar
    Joined
    Feb 2012
    Posts
    6
    Thanks
    0
    Thanked 19 Times in 3 Posts
    My Mood
    Cheerful

    Default Re: Why you NEED to do your taxes

    Jessica, hi!

    You should be sitting down. I live within two hours of the Canadian border. I've been doing Canadian and USA/Canada returns since the 80's! That's not to mention, I ***love*** Canada, and ponder moving there a lot.

    How's your heart doing?


    Liz

  23. #16
    Featured Member Jessica1001's Avatar
    Joined
    Nov 2010
    Posts
    931
    Thanks
    1,245
    Thanked 2,276 Times in 580 Posts

    Default Re: Why you NEED to do your taxes

    ^^^ Arrhythmia. :-) Will e-mail you.
    Quote Originally Posted by sugarmouse0707 View Post
    What I DO have issues with, is that this was a couple of years ago And Judas is still in the freezer.

  24. #17
    Newbie MsTakeU's Avatar
    Joined
    Feb 2012
    Posts
    6
    Thanks
    0
    Thanked 19 Times in 3 Posts
    My Mood
    Cheerful

    Default Re: Why you NEED to do your taxes

    Diamond, Hi!

    Probably my best reference at the moment is GoreanTX. But yes, I certainly do have references, albeit, I would have to get in contact with them to ask their permission to give their names. Privacy is important on all levels.

    At the same time, it would be best for us to get in touch with each other, chat/talk/email to get to know each other a bit.

    As far as an online presence, I'm pretty old school in a lot of ways. Historically, my clients have all come from meeting people through various aspects of my life. Some clients I met professionally in the business world, some through my hobbies, and sports, some just randomly, and some via my more personal interests. Everyone needs to file taxes. So over the years, I've never felt compelled to do big advertising campaigns, or in today's world, have a flashy website to get new clients. Word of mouth, from happy clients has always worked very well for me.

    I hope that doesn't sound too wishy washy.


    Liz

  25. #18
    God/dess SarahTime's Avatar
    Joined
    Jul 2011
    Location
    Texas
    Posts
    3,681
    Thanks
    8,041
    Thanked 13,685 Times in 2,854 Posts
    My Mood
    Inspired

    Default Re: Why you NEED to do your taxes

    Welcome Liz I'd like to see some of your input over in the Dollar Den section as well. Lots of great tax questions over there!
    xoxo ~ Sarah




  26. The Following 3 Users Say Thank You to SarahTime For This Useful Post:


  27. #19
    Banned Melonie's Avatar
    Joined
    Jul 2002
    Location
    way south of the border
    Posts
    25,932
    Thanks
    612
    Thanked 10,563 Times in 4,646 Posts
    Blog Entries
    3
    My Mood
    Cynical

    Default Re: Why you NEED to do your taxes

    Hi MsTakeU / Liz ! If you feel inclined to read and respond to any Dollar Den threads, your input would be greatly appreciated.

  28. #20
    Newbie MsTakeU's Avatar
    Joined
    Feb 2012
    Posts
    6
    Thanks
    0
    Thanked 19 Times in 3 Posts
    My Mood
    Cheerful

    Default Re: Why you NEED to do your taxes

    Quote Originally Posted by SarahTime View Post
    Welcome Liz I'd like to see some of your input over in the Dollar Den section as well. Lots of great tax questions over there!
    Quote Originally Posted by Melonie View Post
    Hi MsTakeU / Liz ! If you feel inclined to read and respond to any Dollar Den threads, your input would be greatly appreciated.
    Sarah, Melonie, et al, Hi!

    I'll start reading through the threads in Dollar Den. With just a quick glance, seems like a lot of tax talk there, not to mention you've both been very active and doing a lot of wonderful support in the threads.

    I'll jump in when I see something that needs clarification or more information, for sure. Oh and please, everyone, feel free to let me, send me a message, or whatever, if you see a thread you'd like my input on. Actually, any of them specifically you all could suggest now, would be a big help.

    Thanks for the suggestion!


    Liz

  29. The Following User Says Thank You to MsTakeU For This Useful Post:


  30. #21
    Featured Member
    Joined
    Jun 2010
    Posts
    1,425
    Thanks
    1,866
    Thanked 2,048 Times in 719 Posts
    My Mood
    Angelic

    Default Re: Why you NEED to do your taxes

    Quote Originally Posted by sexysusie View Post
    Lol not sure how you managed this. I owed £371 in my first tax year after earning around 3k in a few months. Wish i had your accountant!!!

    Sack your accountant , in the UK we are allowed to make our Tax allowance ( of around 6k depending on which year ) before we're eligible to pay ANY tax ! Unless you were also an employee that year and used your allowance that way !

    - ^ got Tax back because she's in America and their system is slightly different to ours ( but think of our working tax credits, which you can claim employed or self employed, personally I stay away from the UK ones - I earn too much anyway , but it's surprising how much you can earn and still be entitled , just expect them to come knocking for it back when they miscalculate it - which they do with 1000s of people every year , more trouble than it's worth )

  31. #22
    Veteran Member
    Joined
    Nov 2010
    Posts
    347
    Thanks
    168
    Thanked 199 Times in 99 Posts
    My Mood
    Happy

    Default Re: Why you NEED to do your taxes

    agreed ^^

    also if you set yourself up as a limited there are ways around paying corp and income tax legally (mums oh owns a business and his business partner is an accountant so they pay such little tax for corp and no income tax!) by the time you have had your accounts reviewed by a good accountant they gov should* be owing you money

    on another note uk ladies do you go to a local accountant or do you do it all online?
    I deserve the life i want. To be adored by men, treated like a princess and to be indulged. I deserve nothing but a life of luxury.

  32. #23
    God/dess justanothercamgirl's Avatar
    Joined
    Mar 2012
    Posts
    5,198
    Thanks
    17,219
    Thanked 19,858 Times in 4,131 Posts
    My Mood
    Lurking

    Default Re: Why you NEED to do your taxes

    I didn't cam much last year compared to this year, but when I got my taxes done I didn't owe a penny! (*does a happy snoopy dance*)

    Okay, it isn't as epic at 6300 back but I was so happy hear that I was going to get to keep all the money that I made.

  33. #24
    God/dess justanothercamgirl's Avatar
    Joined
    Mar 2012
    Posts
    5,198
    Thanks
    17,219
    Thanked 19,858 Times in 4,131 Posts
    My Mood
    Lurking

    Default Re: Why you NEED to do your taxes

    Quote Originally Posted by MsTakeU View Post
    Jessica, hi!

    You should be sitting down. I live within two hours of the Canadian border. I've been doing Canadian and USA/Canada returns since the 80's! That's not to mention, I ***love*** Canada, and ponder moving there a lot.

    How's your heart doing?


    Liz
    Oh fantastic! Someone who knows about Canadian taxes. I am so happy to have someone to ask this question to because it has been driving me freaking batty. I know camgirls that file both ways. Are we supposed to be filing as 'independent contractors' or 'self-employed' in Canada. I filed as an 'independent contractor' and my friend filed as 'self-employed' and she got a shit ton of money back. o_O

  34. #25
    Newbie MsTakeU's Avatar
    Joined
    Feb 2012
    Posts
    6
    Thanks
    0
    Thanked 19 Times in 3 Posts
    My Mood
    Cheerful

    Default Re: Why you NEED to do your taxes

    Quote Originally Posted by justanothercamgirl View Post
    Oh fantastic! Someone who knows about Canadian taxes. ... Are we supposed to be filing as 'independent contractors' or 'self-employed' in Canada. ... o_O

    Justanothercamgirl, hi!

    The quick answer to your question of is " ... it depends... " It depends on what the work situation was, where it was, where one lives, whether one is a defacto employee or one has control of their own work destiny, etc.

    Hope this is okay, but I'm going to send off a private message to you.




    Liz

Page 1 of 2 12 LastLast

Similar Threads

  1. Taxes?!
    By poleprincess19 in forum Stripping (was Stripping General)
    Replies: 0
    Last Post: 01-23-2012, 12:07 AM
  2. Taxes!
    By cocoabuttasaki in forum Newbie Board
    Replies: 3
    Last Post: 01-08-2011, 04:17 PM
  3. TaXES
    By sfcenterfoldz in forum Stripping (was Stripping General)
    Replies: 3
    Last Post: 01-23-2010, 03:53 AM
  4. Replies: 6
    Last Post: 05-01-2008, 01:07 PM
  5. Taxes
    By wkaatje in forum Newbie Board
    Replies: 2
    Last Post: 04-16-2006, 09:11 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •