2018-06-08 - "Pending bad news that I can't talk about right now"

wut is da bad news?

  • Finances

    Votes: 205 37.6%

  • Accounts (YT/Twitch)

    Votes: 83 15.2%

  • Health

    Votes: 68 12.5%

  • Relationships

    Votes: 67 12.3%

  • Late life autism diagnosis

    Votes: 122 22.4%
  • Total voters
    545
Status
Not open for further replies.
Is he going to do it?
PAYMETONS.png
 
  • Winner
  • Like
  • Agree
Reactions: Mike Hunt, Vocaloid Ruby, For The Internet and 20 others
SoapQueen1 said:
I'm guessing the final word came down and, as he feared, the Washington Dept of Revenue said "No," to the payment plan.
Click to expand...

To be clear here, you think WA state is going to demand payment in full of the 2014-2016 back state taxes? If so, that would probably be at least $5000 plus penalties and fees (unless the state waives those, I guess).

Edit: I also find it a bit hard to believe that he's getting a heads-up on taxes at midnight on a Friday. Maybe he just knows that the fed taxes are coming due in a week and if he doesn't have enough to pay it (somehow), that would be bad news?
 
Last edited:
  • Agree
Reactions: Vocaloid Ruby
neger psykolog said:
DSP pays Federal taxes as "estimated taxes" as he's said plenty of times. Turns out the due date is fairly soon:

View attachment 469058
https://www.irs.gov/faqs/estimated-tax/individuals/individuals-2
Click to expand...
Those quarterly payments are completely optional and there's no penalty for not making them- as long as come tax filing time you've paid close to what you owe. I don't expect DSP to know that though.
actually said:
To be clear here, you think WA state is going to demand payment in full of the 2014-2016 back state taxes? If so, that would probably be at least $5000 plus penalties and fees (unless the state waives those, I guess).
Click to expand...
Yeah. I could see them saying "Mr. Burnell we're only asking that you pay 5% of your annual income, we aren't putting you on a multi-year or indefinite payment plan for such a small amount. Here is your due date."
 
  • Informative
Reactions: Ravelord, Vladislav and actually
neger psykolog said:
DSP pays Federal taxes as "estimated taxes"
Click to expand...
Could you please explain what that means? Whats the difference between these two tax´?

Damn no professional youtuber would pull the "I feel horrible but cant tell you why, you need to guess" - card. What an idiot.
 
Rokko said:
Could you please explain what that means? Whats the difference between these two tax´?

Damn no professional youtuber would pull the "I feel horrible but cant tell you why, you need to guess" - card. What an idiot.
Click to expand...

I'm sure @SoapQueen1 can be more detailed, but the gist is that a business pays estimated federal taxes quarterly based on their anticipated income for the year, as determined by how much they've made so far and what they expect to roughly make the rest of the year. The idea is similar to withholding for personal taxes--you pay the same amount spread out over a longer period to lessen the burden.
 
  • Informative
Reactions: Rokko
actually said:
I'm sure @SoapQueen1 can be more detailed, but the gist is that a business pays estimated federal taxes quarterly based on their anticipated income for the year, as determined by how much they've made so far and what they expect to roughly make the rest of the year. The idea is similar to withholding for personal taxes--you pay the same amount spread out over a longer period to lessen the burden.
Click to expand...
The IRS wants to get the majority of the tax dollars it's owed by the time tax filing time comes around. If you owe tons of money you're assessed a penalty. The IRS offers a system people can use to prevent themselves from owing this penalty called estimated tax payments. Once in a while (you can do it however often you want: e.g. weekly, monthly, or quarterly) you pay some money to the IRS so that when tax filing time comes around you've payed almost all of or more than you owe. These estimated tax payments are not mandatory; you can simply pay most or all of what you'll owe before you file your tax information (income, deductions, etc) and as long as the IRS has recieved your payment before they process your tax information they won't care.

DSP probably doesn't know this, and if he does he's probably too anal to make estimated payments more often or less often than quarterly based on what makes him feel most comfortable. He probably does it quarterly regardless of whether or not it is the right decision financially or for his "business."
 
  • Informative
  • Agree
Reactions: Vladislav, Rokko, actually and 1 other person
So theory is - Soulmaid is gone.

Or Taxes Season 2 - Washington is "we know how much you are earning each month fucking give us it all." Last month he got at least 8k, feds and tax guys looking at that will be bitch can pay it in full. "

My wild theory which could see weight. I think the IRS is going to audit him and calculate his assets and see how much he should really be earning. I think Phil has been doing some shady number crunching and when you are earning 100k in a year and paying only 5k in state back taxes, yeahhhh.
 
  • Thunk-Provoking
  • Agree
Reactions: Vladislav, Nurse Ratchet, Stay safe and 2 others
Phalanx said:
So theory is - Soulmaid is gone.

Or Taxes Season 2 - Washington is "we know how much you are earning each month fucking give us it all." Last month he got at least 8k, feds and tax guys looking at that will be bitch can pay it in full. "

My wild theory which could see weight. I think the IRS is going to audit him and calculate his assets and see how much he should really be earning. I think Phil has been doing some shady number crunching and when you are earning 100k in a year and paying only 5k in state back taxes, yeahhhh.
Click to expand...

I don't think she's left him quite yet because he described it as pending bad news. If she was gone he would describe it as "more bad news" or not even describe it that way and just say she left him in a message on his forum.

But then again this is Phil, so he could have just fucked up the verbiage. My money is on tax saga part 2 or 3 or whatever part we're up to or more YT/Twitch fuckery.
 
  • Agree
Reactions: Vocaloid Ruby and For The Internet
Something about Phil's pity party bothered the fuck out of me, and I think I figured out what it is. He got $1200+ (tips+cheers+subs) on the 6th during his freakout stream (and 2nd stream). That's as much as somebody working a full time minimum wage job would earn in a fucking month. And he has the sack to put on a "woe is me" act? Man.
 
  • Agree
  • Feels
Reactions: gREEEEEEEEEr, Vladislav, BrandNewDetractor and 7 others
N0thingICanDo said:
Just speculating, but its E3 time again and apparently someone tweeted iJustine Phil's disgusting comment from last year, maybe iJustine contacted her twitch partner network and wanted to shut down Phil's channel?

View attachment 469178
Click to expand...
iJustine was made aware of Phils remark at the time she tweeted back to someone who tweeted like that and didn't seem to care and basically called him a toxic old man with no friends (a pretty accurate assessment of Phil tbh)

(can someone find that tweet? So she doesn't think I'm taking her words out of context lol)
 
  • Informative
  • Optimistic
Reactions: Vocaloid Ruby, For The Internet, Vladislav and 7 others
N0thingICanDo said:
Just speculating, but its E3 time again and apparently someone tweeted iJustine Phil's disgusting comment from last year, maybe iJustine contacted her twitch partner network and wanted to shut down Phil's channel?
Click to expand...

While I don't necessarily think the iJustine comment is the reason for the "pending bad news", it is hilarious Phil didn't speak it aloud, instead choosing to write in easily screencappable text :D
 
Status
Not open for further replies.
Back