Inactive Richard "Lowtax" Kyanka - Deadbeat (emphasis on "Dead") founder of Something Awful, forced out of his own community, on his second divorce, stuck his dick in crazy, "Birth Giver"

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ellroy said:
I wonder how much legit debt the LLC has and how much Lowtax personally has. Didn't Lowtax's patreon go to him directly and he got taxed on half of it? Concerning the payout, people here have speculated Jeffrey could make his money back in under two years, it just takes lowtax not having a single rational thought in his head for three months to go through with it. He must have some revenue stake in the future of the company.
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I think that's an unanswerable question. The only real answer is "how much legit debt SA LLC should have had if it wasn't run by a complete tard".

As I understand it, andif I'm remembering right, if you basically use your LLC as your personal piggy bank and don't make efforts to have the finances separated, your personal debts and that debts of the of the LLC become effectively one and same; basically run the LLC finances like a sole proprietorship, get all the negatives of sole proprietorship.

The patreon seems to have gone (and continues to go) to Lowtax directly. Lowtax's tax problems are not from patreon, they are most likley from Missouri taxing online services and Lowtax continuing to file saying he earned 0% sales tax. Since was very likely not making proper LLC distributions from the business account, the tax debt was likely pegged to both the LLC that earned it and Lowtax personally as he was treating the LLC accounts as his own, making all LLC income personal income.
 
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So let me get this straight: Lowtax allowed the IRS to tax him twice? First for his LLC, then him personally, for the same amount of money?
 
kuniqsX said:
So let me get this straight: Lowtax allowed the IRS to tax him twice? First for his LLC, then him personally, for the same amount of money?
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No. One tax bill. He very likely fucked up trying to run deductions.

Lowtax apparently has problems with the IRS as well, but he had a lien that was filed by the Missouri Department of Revenue (Missouri IRS) against him, personally, for 6 figures. That's fact.

Speculation is that he got dinged by a Missouri change in tax code a few years before that made Online services, not just physical goods, were taxable if the business had a presence in Missouri.

While the LLC ran it up, because he very likely treated the LLC accounts like his own piggy bank, he was likely deemed to be personally on the hook for the tax bill, and also very possibly expected to pay 1099 income on money that was taken from the business account and used to make personal purchases (which might be how he also got into trouble with the Federal IRS).
Tax collection departments (or any debtor with cause) can do this if they believe that someone is intentionally planning to loot their LLC so there are no assets to seize to offset debt when it goes belly up.

So while it is just one tax bill, Lowtax still owes even if the LLC folds. Missouri IRS doesn't care who how it gets paid, just that it gets paid.
They had a active lien against him & Maplewife that was closed; that doesn't mean paid off, that just means they entered into a payment plan or similar.
 
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Patreon now down to $265 a month.

SAP.JPG
 
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moonman1488 said:
In the SA thread recently there’s a screenshot from Jeff stating that he did not actually buy Something Awful, LLC but just bought “assets” from Lowtax. Which is why after all these months SA is still listed as being owned by Richard on the LLC registry.

So I dunno, maybe someone smarter at this stuff than me can chime in but to me that makes it sound like Jeff could be “renting” SA from lowtax? Either way Jeff has been opaque as to what the sale actually entailed and this sounds even more suspicious.
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Jeff only bought the domain name and forum/s asset's. Lowtax kept the LLC and it's other contents/assets + debt. As the IRS has a lien on the SomethingAwful LLC. So there was 0 chance possible that LowTax could remove himself from the LLC

Jeff would have had to "Purchase" the LLC and thus payout all debts to get all the marbles. so to speak.
 
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RCWCO2e said:
Jeff only bought the domain name and forum/s asset's. Lowtax kept the LLC and it's other contents/assets + debt. As the IRS has a lien on the SomethingAwful LLC. So there was 0 chance possible that LowTax could remove himself from the LLC

Jeff would have had to "Purchase" the LLC and thus payout all debts to get all the marbles. so to speak.
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Unless there was a new document uncovered and I missed it, there was never an IRS lien, only one from the Missouri Department of Revenue (State IRS). Per both Lowtax & @Mormon BPD Cokewhore he does owe money to the IRS as well (though they might just be using IRS as short hand for tax debt) Granted neither of them are exactly reliable narrators.

Anyway, the MDR lien was removed; that doesn't mean that the tax debt was paid off, just that the state collection agency removed it, likely because Lowtax entered into a payment plan being that complaints about back taxes come post-lien settlement and were confirmed by @Mormon BPD Cokewhore . Again, not reliable narrators.


The MDR would voluntarily lift the lien before the debt was settled because a business with a lien is advertising they cannot be trusted and to get all payment upfront. No one wants to buy a business with a lien on it because it just means there are probably other outstanding debts. All of these things prevent the MDR from getting the money they are owed. Basically the lien is just leverage to get you to sit down and negotiate.
 
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Ghostse said:
No. One tax bill. He very likely fucked up trying to run deductions.

Lowtax apparently has problems with the IRS as well, but he had a lien that was filed by the Missouri Department of Revenue (Missouri IRS) against him, personally, for 6 figures. That's fact.

Speculation is that he got dinged by a Missouri change in tax code a few years before that made Online services, not just physical goods, were taxable if the business had a presence in Missouri.

While the LLC ran it up, because he very likely treated the LLC accounts like his own piggy bank, he was likely deemed to be personally on the hook for the tax bill, and also very possibly expected to pay 1099 income on money that was taken from the business account and used to make personal purchases (which might be how he also got into trouble with the Federal IRS).
Tax collection departments (or any debtor with cause) can do this if they believe that someone is intentionally planning to loot their LLC so there are no assets to seize to offset debt when it goes belly up.

So while it is just one tax bill, Lowtax still owes even if the LLC folds. Missouri IRS doesn't care who how it gets paid, just that it gets paid.
They had a active lien against him & Maplewife that was closed; that doesn't mean paid off, that just means they entered into a payment plan or similar.
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If he'd only listened to the most basic bitch commonsense advice when plenty of $ was rolling in and hired a business manager, or steady accountant at the least. They coulda had him move the llc to a different state before that law became applicable & saved him so much $ and hassle. He had to do his "lmao I'm not a serious corporate businessman" shuffle repeatedly for years straight though, while that tax bill kept growing :story:
 
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Whatever you do, don't say in streamchat that you see a can of extremely flammable liquid sitting around in Richard's new home. At some point a gimmick ceases to be a gimmick and strays into the territory of "the ladyboy doth protest too much."



For the record, there did not actually appear to be any cans of motor oil in view, thus keeping his Jewish lightning plans a secret for now. Also, he seems to have gone down a rung or two from perusing Goldbelly for all his nutritional needs.

 
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RapidUnplannedDisassembly said:
Looking nappy as fuck. All that scrip abuse just adding years to his face. The real question is, did he wake up off a bed and immediately take that picture, or the floor?
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He looks 60 years old. When is he going to die?
moonman1488 said:
50 is going to look great on him
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If anyone cared about this guy they'd do an intervention. Because this man is obviously dying. Unluckily for him he's such a piece of shit not a single living soul cares whether he lives or dies, just whether it's funny when it happens.
 
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Leonard Helplessness said:
Whatever you do, don't say in streamchat that you see a can of extremely flammable liquid sitting around in Richard's new home. At some point a gimmick ceases to be a gimmick and strays into the territory of "the ladyboy doth protest too much."

View attachment 1986815

For the record, there did not actually appear to be any cans of motor oil in view, thus keeping his Jewish lightning plans a secret for now. Also, he seems to have gone down a rung or two from perusing Goldbelly for all his nutritional needs.

View attachment 1986816
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Can't wait until Lowtax's landlord upstairs comes down one night during a stream and knocks on the door and yells at him to shut the fuck up.

AnOminous said:
If anyone cared about this guy they'd do an intervention. Because this man is obviously dying. Unluckily for him he's such a piece of shit not a single living soul cares whether he lives or dies, just whether it's funny when it happens.
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I'd love to see an episode of Intervention with Richard on it. The only person that would show up would be the counsellor and his mom. He'd be one of the ones that insists that it's THEM that have the problem and he doesn't even take drugs or drink and storms out to hit the nearest liquor store.
 
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moonman1488 said:
Can't wait until Lowtax's landlord upstairs comes down one night during a stream and knocks on the door and yells at him to shut the fuck up.
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"Do you know who I am Goof Troop?! I am the internet legend Lowtax!" He says as the landlord is kicking him out midstream.

I know it's not healthy to take such a pleasure in others misery but this whole endcap couldn't have happened to a more deserving personality. I wonder where things would be if he didn't give full reigns to the cat lady brigade back in the early 2010's

Edit: or would it be mod 2000's? Internet Time past is all a blur now
 
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RapidUnplannedDisassembly said:
That popcorn ceiling and generic light fixture aren't the only things out of the 80's happening over there.
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I haven't seen a ceiling like that since I was in my 20s and on a combination of drugs that would make Hunter S. Thompson tell me I needed to chill and back down a bit.
 
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