DarksydePhil / TheyCallMeDSP / Phil Burnell - General Discussion

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actually said:
If you're talking about the self-reported income, that number was just flat wrong. Without looking at the docs, I'm 99% sure it asked for gross income and he/his lawyer put in net income. The reason I remember this is that the 6 months of 2019 that he actually spelled out his income totalled somewhere near his alleged yearly income.
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The autism vortex was calling me so I went back to the Bankruptcy documents. They ask for net income from operating a business but gross wages, salary, tips, etc. for employee income:

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According to the filing DSP and Khet make a combined total of $5,733/month or $68,796/year (before taxes). Therefore:

(1) DSP's tax filings match the bankruptcy numbers and he lied about getting the check.

(2) DSP and Khet filed jointly raising the limit for the stimulus check to $150k/year and he lied about getting the check.

(3) DSP's self-reported income on his bankruptcy ($3,990x12=$47,880) was $40,000 less than what he reported on his tax filing for 2019 and he was truthful about not getting the check (the stimulus phases out starting at $75k and you don't get a check as an individual if you make over $87k). Somehow Nancy did not notice this massive discrepancy between the two documents.

Given how much Phil likes to memory-hole or obfuscate his income lying about the check seems more likely to me ('member how that $1k overnight contribution that got noticed on the StreamLabs leaderboard became a bannable offense?).

I will take your puzzle pieces now.
 
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DawnDusk said:

DSP dropping knowledge bombs on Black DSP.
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A couple points here:

(1) "Internal Revenue Code (IRC) Section 6050W states that all US payment processors, including PayPal, are required by the Internal Revenue Service (IRS) to provide information to the IRS about certain customers who receive payments for the sale of goods or services through PayPal.

PayPal is required to report gross payments received for sellers who receive over $20,000 in gross payment volume AND over 200 separate payments in a calendar year.

Some US States require merchant reporting at a lower threshold:
  • Vermont, Massachusetts, Virginia, Maryland: $600 USD in gross payment volume from sales of goods or services in a single calendar year regardless of the number of transactions;
  • Illinois: $1,000 USD in gross payment volume from sales of goods or services in a single calendar year with at least 3 payment processed
Personal payments that are not payments for the sale of goods or services will not be counted when determining if the IRS thresholds have been reached and will not be included on your Form 1099-K if you exceed the thresholds. However, all payments received for the sale of goods or services will be used to calculate the gross payment volume to be reported. PayPal monitors accounts to ensure that personal payments are not being used for sales of goods and services."

So LTG could avoid having this income reported to the IRS by having people choose friends and family. However, there's nothing stopping LTG from reporting this income when he files his taxes and paying what he actually owes. So this isn't smoking gun evidence that he's trying to commit tax evasion, but if he were trying to, this is one way he could. It's totally possible that it's just a lot harder to chargeback the family and friends option (since there is no expectation of a good or service in return that someone could claim they never received) and that's all Dale is thinking about. It still might open him up to liability with the IRS because he is mislabeling these transactions, even if he has the best intentions.

(2) Dark is totally wrong about gift taxes (shocking I know). Assuming you aren't doing stupid shit like trying to disguise the exchange of goods and services as gifts ("No, no Mr. IRS man you've got it all wrong I gave him $20,000 as a gift and then later he gave me that car as a gift") then the gift giver, not receiver, is liable to pay taxes. But only if the gift giver exceeds the annual limit and then only if he has already used up his lifetime gift exemption which is in the millions of dollars. The short version of gift taxes is that they are put in place to stop people from skirting inheritance taxes.
 
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Dread Pirate Retard said:
The autism vortex was calling me so I went back to the Bankruptcy documents.
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You convinced me to go back and look too. I was thinking about the main bankruptcy document (the one that's 50 pages long). If you look at Page 35, you'll see this, which is what I was thinking of:

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It's asking for his gross income, but he clearly listed his net income. That said, your point is a good one. I have no idea at all whether the stimulus check income cutoff was based on gross or net income.

Per the IRS: "To receive the full $2,400 payment, married couples who filed a joint return must have had an adjusted gross income in 2018 (or 2019) that is less than $150,000." I guess the question is whether or not his AGI is similar to his net income.
 
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actually said:
You convinced me to go back and look too. I was thinking about the main bankruptcy document (the one that's 50 pages long). If you look at Page 35, you'll see this, which is what I was thinking of:

View attachment 1903847

It's asking for his gross income, but he clearly listed his net income. That said, your point is a good one. I have no idea at all whether the stimulus check income cutoff was based on gross or net income.

Per the IRS: "To receive the full $2,400 payment, married couples who filed a joint return must have had an adjusted gross income in 2018 (or 2019) that is less than $150,000." I guess the question is whether or not his AGI is similar to his net income.
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My admittedly rudimentary understanding is that for a sole proprietorship or any other 'pass-through' entity your net profit is the starting point for calculating AGI. Net profit gets calculated on 1040 schedule C, that number goes into 1040 schedule 1 and totaled up with other sources of income, and then that number gets entered into 1040 line 8 which is used to calculate total income. Then I would assume he is using deductions or other adjustments to lower his AGI (line 11 on the 1040). So his AGI should be at most as high as his net profit, but likely lower.

EDIT: The gross vs. net issue is confusing. It seems weird to me that Rochelle would mess this up. All the other mistakes were probably DSP neglecting to mention stuff but this one seems like a huge oversight. Maybe there's some specific terminology that I'm not getting.
 
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Tatu Carreta said:
Phil just came back from his bathroom break and said "wouldn't you know? As I was on break I received a 97$ dollar tip and we hit the tips goal ack ack,just kidding"
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I don't know what to make of that because it literally happened before. So... what was that time about, Phil?

The chat has got Phil talking about the "Me! REEE!" incident and Phil is pretending he doesn't know what it is, then halfheartedly reenacting it, then saying that this is what the stupid people who hate him find funny.

But... zooming in on your stroked out face and screaming 'NO!' is the height of comedy?
Oh, I see. It's funny because Phil does it intentionally, versus tripping over his mushmouthed words in some wild hog rage.

Someone also just told him about the "thats 100% a lie" channel, framing it as dedicated to 'his one liners'. Phil sarcastically said "That's nice." So he is likely already aware of it, because how would that not be something funny or cool... unless you knew it was an archive of all the stupidest lines you have ever said.
 
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Pandalee’s Tits said:
He clings onto so many outdated bigoted and homophobic slurs it’s absolutely going to come back to bite him with Twitch TOS eventually. I literally haven’t heard someone say “buttbuddy” since I was in like 5th grade.
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Except for South Park reruns (which is probably what he's mimicking & what he'll try to use as his mealymouthed Howard Stern Defense™ scapegoat if we were in the timeline where Twitch actually followed through on its fucktarded snowflake-centric written rules), neither have I.

And given that it's DSPoliticallycorrect, I'm actually the retard here for being momentarily bewildered that he can't even control his cockholster & which of his vapid thoughts spew out of it for even 48h after the last time he violated TOS, over a span of 6 days that it happened twice.

And both times, the only person who saw cause to visibly panic that this would be The Spergout that finally caused the hammer to fall (& we're the minority but I completely agree w/ you; it will), was him. At this point, almost everyone else who watches him is just resigned to what a welcome, pleasant shock it will/would be when/if he's finally taken to task, or they've just gone all-in & subscribed to that assclown 'Unkillable' meme.

TL;DR:
This faggot retard is what you'd get if you could take the concept of Beer Muscles & sheath it in a sack of skin.
 
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Phil opened his stream tonight saying that he spent 45 minutes working on his taxes, and will do so again after.
Someone help me out here, as I don't own or operate a small business/scam in the US.

Is it reasonable that it would take him hours of work to get his taxes ready? Consider the following factors as well:
1. He has a 'tax guy' that... does something in this equation
2. He has already been paying his quarterly taxes and as late as September, renegotiated a payment plan for his back taxes
3. Receives much of his income through Paypal and Twitch which should be able to provide documentation
4. Has made no visible purchases that differ from previous years for the business, outside of the PS5 and a couple of headphones

I feel like a lot of this info should be readily available or should already be somewhat up to date. I have no doubt that he has done no prep or organization to make it easy, and I know this is mostly a cover to turn up late because he is mired in his gacha, but I'm just curious as to how insane this claim of hours upon hours of compiling spreadsheets is.

Sidenote: He is currently complaining that the day stream stepped up for Fenix, but the night stream is 'slow'.
Ignoring, I guess, that whales specifically asked it to be during the day so they could contribute last time. Those goal posts are on wheels... like so many Robs...
 
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Surly Muppet said:
Phil opened his stream tonight saying that he spent 45 minutes working on his taxes, and will do so again after.
Someone help me out here, as I don't own or operate a small business/scam in the US.

Is it reasonable that it would take him hours of work to get his taxes ready? Consider the following factors as well:
1. He has a 'tax guy' that... does something in this equation
2. He has already been paying his quarterly taxes and as late as September, renegotiated a payment plan for his back taxes
3. Receives much of his income through Paypal and Twitch which should be able to provide documentation
4. Has made no visible purchases that differ from previous years for the business, outside of the PS5 and a couple of headphones

I feel like a lot of this info should be readily available or should already be somewhat up to date. I have no doubt that he has done no prep or organization to make it easy, and I know this is mostly a cover to turn up late because he is mired in his gacha, but I'm just curious as to how insane this claim of hours upon hours of compiling spreadsheets is.

Sidenote: He is currently complaining that the day stream stepped up for Fenix, but the night stream is 'slow'.
Ignoring, I guess, that whales specifically asked it to be during the day so they could contribute last time. Those goal posts are on wheels... like so many Robs...
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Depends on how organized DSP has been throughout the year. Ideally, all he should have to do is just hand over documentation to the tax guy. But given what DSP's desktop looks like this is unlikely.
RIP_SANITY said:
BTW, DSP showed his desktop again guys (Bugged desktop mechanics much?)
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Also given comments he's made about his accounts and his bankruptcy filing it appears that he doesn't have separate business and personal accounts. If he had separate business and personal accounts, he could just gather his monthly and end-of-year statements for the business accounts and send them over. But if he used the same accounts for business and personal expenses, he would have to go through each statement line by line.
 
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Nurse Ratchet said:
I said this somewhere else a few minutes ago but yeah no. He's getting his toys for tonight on the sneak again. He's nowhere near his own appropriate levels of vitriolic cunt for being @ $15 w/ 5m left before he's supposed to bounce out for the night.
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I agree and it's typical Phil scumbaggery. He knows that tips dry up as soon as he hits $100. We've seen him stall on tips that put him over that point so multiple people will give him the remaining balance of $100.

Now he very likely has resorted to his close knit whales (Onlyicedcoffee) sending their money silently to him to trick his other viewers.

Just disgusting.
 
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Nurse Ratchet said:
I said this somewhere else a few minutes ago but yeah no. He's getting his toys for tonight on the sneak again. He's nowhere near his own appropriate levels of vitriolic cunt for being @ $15 w/ 5m left before he's supposed to bounce out for the night.
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OiC is in the chat saying this doesn't work as a night stream. He probably slipped Phil a little consolation money (and a handy) under the table.
If he is there, I just assume he is servicing the pig in some capacity - it's all he is good for.

Dread Pirate Retard said:
If he had separate business and personal accounts, he could just gather his monthly and end-of-year statements for the business accounts and send them over.
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Ah, good point, I wasn't thinking of this detail. It probably is a train wreck then.
It also makes more sense that the tax guy is pressuring Phil early - he has now seen how messed up Phil's situation is and is likely wary of an audit. He might actually be looking out for his client, and Phil is on stream saying his life isn't based around taxes like this dude. Fits the bill that he'd shit on someone trying to keep him on track.
 
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