DarksydePhil / TheyCallMeDSP / Phil Burnell - General Discussion

[Eekum Bokum]

DSP in Hitman 3, the guy is a former fighting champion too

View attachment 2677970

What mission/map is this? I don't recall this at all in Hitman 3.

 

[QwahlityKahntent]

devolved into a roommate type situation

its always been that

 

[PieceofShet]

My low effort meme, pls dont delete it, I spent minutes on it.

I still miss him btw!

 

[actually]

Idk who told you debt forgiveness isn't counted as income for tax purposes but it definitely is

https://www.thebalance.com/canceled-debts-are-not-taxable-income-in-bankruptcy-3973987

"Taxpayers who file for bankruptcy are generally not required to include the canceled debts in their taxable incomes," explains Cindy Hockenberry, an enrolled agent and tax information analyst with the National Association of Tax Professionals.

This is the case even if you receive a Form 1099-C from a lender showing the amount of the debt that's been canceled or discharged. Hockenberry advises, "Attach Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment), to your income tax return. This shows the IRS that the discharged amount is excluded from income under Code Section 108."1

Be sure to attach the form because the lender is also obligated to submit a copy of it to the IRS. It could raise a flag if you don't include the amount on your tax return without any supporting documentation or explanation.

 

[DSP's Tax Lawyer]

@actually Was Phil declared insolvent? Because the form and rulings you sent me have insolvent as the only way he would be allowed to not include that in his filings. But if he just got Chapter 7 bankruptcy then he is on the hook for that shit

Codification

26 U.S. Code § 108 - Income from discharge of indebtedness

www.law.cornell.edu

Form 982

https://www.irs.gov/pub/irs-pdf/f982.pdf

 

[LostMy1stAccount]

what kind of woman lets her husband do shit like this?

one that doesn't give a shit about her husband.

 

[Iron Hamster]

@actually Was Phil declared insolvent? Because the form and rulings you sent me have insolvent as the only way he would be allowed to not include that in his filings. But if he just got Chapter 7 bankruptcy then he is on the hook for that shit

Codification

26 U.S. Code § 108 - Income from discharge of indebtedness

www.law.cornell.edu

Form 982

https://www.irs.gov/pub/irs-pdf/f982.pdf

According to the begruptcy thread, he filed under 7

 

[Piece of Peace]

My working theory, since the bank documents didn't reveal any major payments nor any begging for the taxes, is that Phil didn't file his tax year 2020 tax returns. I think he assumes that he is on a payment plan and they will just continue to take in his returns through that instead of actually having to pay. So he might get hit with more late fees

FYI here's what we have for his payments to the IRS in the bank leaks:

I can't recall when he started making his 2018 back tax payments so I just assumed all payments of $500 were for that purpose.

Is he on any other payment plans besides that one? Otherwise I'd assume the other payments are going towards estimated tax payments for current years?

 

[N0thingICanDo]

After some Gin and WWE Champions

He slept and dreamed about games

While his kat and cat slept downstairs

 

[smackpops]

With regards to the whole is Khet still there thing,i dunno all i know is i've never had a gf that wouldn't come n bother ya with 20 stupid questions or ask ya to do something like take out trash etc. every time playing games and yet she never appears or never even hear her voice.

 

[DSP's Tax Lawyer]

FYI here's what we have for his payments to the IRS in the bank leaks:
View attachment 2678519
I can't recall when he started making his 2018 back tax payments so I just assumed all payments of $500 were for that purpose.

Is he on any other payment plans besides that one? Otherwise I'd assume the other payments are going towards estimated tax payments for current years?

Those all just look like payment plans and estimated payments

 

[detractorzer0]

With regards to the whole is Khet still there thing,i dunno all i know is i've never had a gf that wouldn't come n bother ya with 20 stupid questions or ask ya to do something like take out trash etc. every time playing games and yet she never appears or never even hear her voice.

After the way Panda took over (derailed) his streams any time she was on camera, there is no way he lets Kat anywhere near that room. I don't think Kat could do what Panda did, as far as putting Phil in his place and taking over the stream by being more charismatic (in comparison to Phil), but anybody new on stream would mean that nobody gives a fuck about Phil anymore.

 

[actually]

Is he on any other payment plans besides that one?

I would assume the $750 payments are a 2nd payment plan for 2019's federal taxes because that amount wasn't listed on his bankruptcy documents, which wouldn't have included anything for his 2019 federal taxes.

@actually Was Phil declared insolvent? Because the form and rulings you sent me have insolvent as the only way he would be allowed to not include that in his filings. But if he just got Chapter 7 bankruptcy then he is on the hook for that shit

Codification

26 U.S. Code § 108 - Income from discharge of indebtedness

www.law.cornell.edu

Form 982

https://www.irs.gov/pub/irs-pdf/f982.pdf

Thanks for the clarification. That's what I was trying to understand.

Those $1000 and $1500 payments might be estimated payments, but even $1500 * 12 months = $18000, and his estimated tax liability was north of $20,000 for the year(s) they were estimated. He's definitely made as much, if not more, during 2020 and 2021, and if the debt forgiven through bankruptcy counts as income, he's got a massive lump amount that will be due b/c he hasn't kept up on the $1500 payments.

@DSP's Tax Lawyer, what do you think?

 

[Piece of Peace]

Those all just look like payment plans and estimated payments

So if I were to interpret this correctly, those estimated payments (not including the 2018 monthly back tax payment) would be specifically for his current year self employment taxes, but not his personal income tax which we'd be looking for more of a lump sum going into tax time?

Cause if so, Dave's going to be in a bit of trouble (assuming his net income after "business expenses" isn't like $20,000).

 

[Derich 2nd of coomland]

With regards to the whole is Khet still there thing,i dunno all i know is i've never had a gf that wouldn't come n bother ya with 20 stupid questions or ask ya to do something like take out trash etc. every time playing games and yet she never appears or never even hear her voice.

I hear you. But I still don't think she's gone.
IMO it does however back up the theory that they are just room mates.

 

[SkippyLongbottom]

After some Gin and WWE Champions

He slept and dreamed about games

While his kat and cat slept downstairs

View attachment 2678548View attachment 2678549

I'm looking into this a little too much but why would it be dream/nightmare? Can he not discern the two?

I'm going to assume that he didn't and couldn't pick between the two for some more bullshitting on why he loves this game that he pick to play for his shitathon and make sure you tip him because of all the fun he's having.

Also, nigger, it's not October Spooky month anymore. In fact, you had all month to play it or lead up to Halloween with it yet you whined about replaying shit because remasters/remakes and sequels. You already played this fuckin' games same segment when it was early access.

 

[DSP's Tax Lawyer]

I would assume the $750 payments are a 2nd payment plan for 2019's federal taxes because that amount wasn't listed on his bankruptcy documents, which wouldn't have included anything for his 2019 federal taxes.


Thanks for the clarification. That's what I was trying to understand.

Those $1000 and $1500 payments might be estimated payments, but even $1500 * 12 months = $18000, and his estimated tax liability was north of $20,000 for the year(s) they were estimated. He's definitely made as much, if not more, during 2020 and 2021, and if the debt forgiven through bankruptcy counts as income, he's got a massive lump amount that will be due b/c he hasn't kept up on the $1500 payments.

@DSP's Tax Lawyer, what do you think?

So the estimated payments would probably be accurate. The estimated amount for Phil would most likely go off of the previous year and he would also have Self Employment taxes (which he would be able to deduct half of for his income once it flows through to his 1040). He probably won't get in trouble for having a low estimated payment for his taxes but he will end up owing a lot of money. Also the estimated tax payment is a much more complicated calculation than just multiplying by 4. He definitely has a much larger tax liability and I am curious if his Adjusted Gross Income (AGI) has reached a certain threshold that would disqualify him from certain credits. would be interesting to find out. But if he thinks he can skirt by without paying or claiming an error he is in for a rude awakening since he has put a lot more scrutiny on his finances. IRS doesn't have enough manpower to actively watch everyone's returns (thank God) but if you pop up with bad math or do something like, idk, fail to pay for a few years then you end up on their radar.

So if I were to interpret this correctly, those estimated payments (not including the 2018 monthly back tax payment) would be specifically for his current year self employment taxes, but not his personal income tax which we'd be looking for more of a lump sum going into tax time?

Cause if so, Dave's going to be in a bit of trouble (assuming his net income after "business expenses" isn't like $20,000).

That is a correct assumption. Nothing on there really screamed federal income taxes. The only pause I would have is his $300 payment on April 15th. That looks like an extension payment for his taxes but no idea if and when he paid the actual amount. He is technically allowed to pay his income taxes anytime from that 4-15 extension date (which got pushed back to 5-17) up until October 15th so we might not have the full documents for that. We also don't have any idea about what specifically the payments are for (idk if the bank would have provided that info) so its all kind of speculation at this point. But considering that the IRS interest rate is the fed short term rate + 3% (roughly), Phil could have racked up some serious back payments

 

[Iron Hamster]

he hasn't kept up on the $1500 payments.

He has to take a break and get some dashpulls in dude.

EDIT: is Phail trying to debunk that he actually hates video games with that dream tale?

 

[Vic Viper T301]

So after cockteasing his audience with the possibility of playing Metroid Dread for weeks, he has again made an executive decision to play some walking sim horror game he got on Gamepass. I am shocked. Shocked.

 

[Tsoliassssssssssssss]

Spoiler: edit

I was looking for something else related to cookie monster...

Spoiler: edit2

Spoiler: edit3

edit note: ohh the articles are real, last one has a changed picture