Pathway-2-Prosperity - Pathway-2-Poverty - Pathway-2-Ponzi

Originally Posted by Unregistered

fletcher
I don't know where you reside but Canada to us in USA is foreign country.
Payment processor is just that nothing else. They are asking for the Financial institution or whatever p2p is this is where you're making the money not the PP.
Even the CPAs are not sure of how to handle this neither is IRS
As far as do i really have to tell them according to Treasury Dept. you bet YOU.
I am not so concerned with IRS cause you file without 1099 issued that's all. That's not a big deal

Turbo Tax online chat said to create your own 1099INT or 1099DIV no problem tax is the same for both.

Originally Posted by Unregistered

June 26, 2008 payouts going out now!

Very good observation P2PFanClub.................now when will it hit "the real bank"


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Why is my cash forum off line?

Concerning "Informing the IRS of your profits from P-2-P"

I don't plan t advise the IRS of anything made outside the US. I will make deposits of less than $10,000 each in my US bank account. If I / you deposit more than $10K, you will be given a form to fill out at the bank explaining where the money came from. Without this form the IRS has no record of the profits IF the funds are brought into the US by a foreign pay processor.

To be on the safe side, contact your payment processor and find out if they will advise the US IRS about the transactions or not. If there is no paper trail..........then do what you want.

Originally Posted by Unregistered

Concerning "Informing the IRS of your profits from P-2-P"

I don't plan t advise the IRS of anything made outside the US. I will make deposits of less than $10,000 each in my US bank account. If I / you deposit more than $10K, you will be given a form to fill out at the bank explaining where the money came from. Without this form the IRS has no record of the profits IF the funds are brought into the US by a foreign pay processor.

To be on the safe side, contact your payment processor and find out if they will advise the US IRS about the transactions or not. If there is no paper trail..........then do what you want.

Bad decision!

Originally Posted by Unregistered

Why is my cash forum off line?

This is a good thing! Now we only have the Private forum.

Originally Posted by Unregistered

I believe he was speaking about the majority of investor/members, not a handful of ponzi promoting top pimps and the Admin.

Oh I SEE YOU ARE 100% SURE OF THAT. YOU ARE SO FULL OF IT IT STINKS! YOU ACTUALLY BELIEVE THAT? GOES TO SHOW YOU THAT YOU DON'T KNOW WHAT YOU ARE TALKING ABOUT. WHERE DO THEY FIND PEOPLE LIKE YOU?

Originally Posted by Unregistered

Looks like a ponzi disguised as an HYIP. Definitely short-life before
>> it collapses as no product is involved -

Name closely matches a gifting program that collapsed about the time this one started. I bet I know at least three of the criminals behind it.

Pure money-shuffling scam with no product, anonymized domain registration, and totally opaque accounting. That they're not using Paypal or E-Gold for moving the money around proves that there have been complaints, and the organizers aren't willing to risk being frozen out by an ethical payment processor.

An investigation is already under way in Canada, it seems.

2% a day returns? Hmphhhh.

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Originally Posted by Unregistered

Turbo Tax online chat said to create your own 1099INT or 1099DIV no problem tax is the same for both.

You guys don't get it! Treasury Department has nothing to do with reporting taxes. The form TD F90-22.1 has to do reporting your earnings anything over 10k if you don't there is a penalty. Has nothing to do with 1099int or div that's for reporting income to IRS.

Originally Posted by Unregistered

Very good observation P2PFanClub.................now when will it hit "the real bank"


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Sooner than you think. Are you that dense?