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#1
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Re: Money tied up in Neteller, file delay for paying taxes
[ QUOTE ]
was wondering since it is tied up if I can file for a delay [/ QUOTE ] Sadly, while you can usually get an automatic extension to file your taxes, you would still have to pay your taxes by the due date. It's a tough situation. If you can line up a short-term loan from friend or family that might be the best approach for you. It depends how long it will take you to earn the difference, I guess. -pyg |
#2
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Re: Money tied up in Neteller, file delay for paying taxes
Please consult a CPA before taking my advice... but it's not technically "winnings," until you have "reasonable control," of your funds. You do not have this currently. It is interesting because you did at one time have control over them, so I'm not sure if it would be a good excuse if audited.
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#3
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Re: Money tied up in Neteller, file delay for paying taxes
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Please consult a CPA before taking my advice... but it's not technically "winnings," until you have "reasonable control," of your funds. You do not have this currently. It is interesting because you did at one time have control over them, so I'm not sure if it would be a good excuse if audited. [/ QUOTE ] Please consult a CPA before taking my advice... You may also be able to make a case for not only collectability but uncertainity of the actual dollar amount that MAY BE collected if and when the situation is resolved.. |
#4
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Re: Money tied up in Neteller, file delay for paying taxes
I mentioned in another post, that I don't feel at all comfortable paying taxes on my frozen neteller money. At this point its fifty fifty (maybe) that that money is any more real than play money at this point. Certainly it is uncertain that we will ever get to spend it. I am sure that if I pay taxes on it and never see it (a real possibility) I will never get that money back, and have a heck of a time trying. I want the government to come out and give me assurance I will get my money then I will pay taxes on it. I will pay taxes on the money I was lucky enough to get out.
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