What is going on with First Choice?

[marvelb0y]

They 100% are relevant as that's where the money originated from. And a third party service was used to receive the payments. So the paper trail would be as follows: cam site > First choice pay (shut down) > whoever pays out the wire transfer (I'm assuming the insurance company)

Those would be the requirements to properly prove where it came from and declare the money as income and pay the tax along with it. But again in most cases I don't think many banks will be asking questions unless the sums are like 5-6 digits.

The declaration of income should only be based on that paper trail of payments from the cam site to whatever bank account you chose. In this case, it happens to be Choice Bank. For example, if MFC paid you from Jan to Dec in 2017, you would declare those payments whenever you are supposed to declare income for 2017. The government would not care when you took money out of your bank account. Whether you saved your money or spent your money, it's still income for that year. Right now the discussion is about transferring money between two banks.

 

[a_haze420]

The declaration of income should only be based on that paper trail of payments from the cam site to whatever bank account you chose. In this case, it happens to be Choice Bank. For example, if MFC paid you from Jan to Dec in 2017, you would declare those payments whenever you are supposed to declare income for 2017. The government would not care when you took money out of your bank account. Whether you saved your money or spent your money, it's still income for that year. Right now the discussion is about transferring money between two banks.

Using first choice pay as a payment processor is not like using a bank. I used first choice pay. I did not have a bank account with choice bank. I used their services to obtain my money from a prepaid MasterCard. This is not a bank. This a payment transaticion. This money is income. Its just a different way of getting paid essentially. It is no way like transferring from bank to bank as all money stored in first choice was stored underr one account run by first choice/payoneer. Not a personal account with each fcp users name attached to it.

A large amount of people using first choice did so to avoid taxes by storing or using their money on fcp and never running it though their bank. So much of this money is not declared. Hence the documentation needed.

If this is not the case and taxes were already paid you would still need all the paper work I described to prove where the money came from as well as your statement from doing your taxes to prove it has been previously claimed.

 

[avantgart]

In most countries, you have to declare and pay the taxes the moment you produce invoice for your service(any kind of business), even if the customer havent paid you yet! So declaring it now is tax fraud nevertheless. You cannot connecting those papers like that in a bank(its not their job).court(where i dont want to end up) has juridiction for connecting those trails, and they can only prove you are not a criminal, just that you made couple of fellonies(tho,when you get caught for tax froud for this kind of amount, you go to jail for sure)
@a_haze420 you said multiple times how you have declared always your taxes, and i think you also said you have nonresident bank account in us?
So please, help all of us who want to receive without a problem this money and declare it, by telling us what bank you are using and how did you exactly declared it?(what description did you use and how did you declared fcp money)

 

[a_haze420]

In most countries, you have to declare and pay the taxes the moment you produce invoice for your service(any kind of business), even if the customer havent paid you yet! So declaring it now is tax fraud nevertheless. You cannot connecting those papers like that in a bank(its not their job).court(where i dont want to end up) has juridiction for connecting those trails, and they can only prove you are not a criminal, just that you made couple of fellonies(tho,when you get caught for tax froud for this kind of amount, you go to jail for sure)
@a_haze420 you said multiple times how you have declared always your taxes, and i think you also said you have nonresident bank account in us?
So please, help all of us who want to receive without a problem this money and declare it, by telling us what bank you are using and how did you exactly declared it?(what description did you use and how did you declared fcp money)

As an independent contractor you do not pay your taxes as soon as you provide the service ie: do a cam show. that would make 0 sense. Not sure where you got that idea from.

It is not tax fraud not to pay tax on each cam show you do as you do it that is ridiculous. You report your income and pay your taxes once per year (or however many per year your country requires) you don't pay tax each time you do a cam show and it is not illegal to not do so...that's like not how it works in the slightest.

I live in Canada so the banks I use will not be of any use to anyone that doesn't live in Canada. The American bank I use is BMO Harris.

I declare the money I earn camming each year once a year when taxes are due on my taxes as income earned as an independent contractor. It doesn't matter where it comes from payment by check, first choice pay and then take the cash and deposit it, wire transfer etc. I add all my income for all cam sites and clip sites I work on and pay the tax I am determined by my government to owe. I don't have to put a description it is claimed as: income as an independent contractor.

I submit my paperwork from my cam sites that show how much I was paid if its requested but so far it has not been so I just keep it filed in case of an audit.

I really really want you guys to understand how to do this but when no one listens and just shoots me down I can't help. So that's the last time im explaining it. Hope you guys get it figured but there should be no problems accepting money you WORKED for as long as you have the paper work I stated and declare the money. Even paying back taxes from previous years you might incur a fine but at least you will get your money.

Ps. Laws for tax declaration vary per country but generally they are similar. I took accounting in college and have done taxes for large businesses etc. So I'm not just spewing non sense.

 

[a_haze420]

Another good example of why you don't pay tax per transaction

A waitress is tipped 5$ on a table she serves. She doesn't have to run home and pay like .50 cents or whatever the tax percentage may be to the government. She doesn't pay on each tip. She declares on her taxes how much tips she has made in the year and then pays her portion of taxes.

 

[TheSence]

Well in germany you have to sign up as a independent worker BEFORE you start working and then its the same with taxes once declaration once a year but you have to pay every month income tax.

In spain you also need to sign up before you earn money otherwhise its illegal. And in spain as a independent (autonomo) you even pay tax for 3 month upfront for a enspected loan. If you earned less you get the money back you paid to much, if you earned more you have to pay afterwards the difference.

So it seems its not the same concept in the eu like its in canada... you cant pay tax afterwards. First sign up as a independent then pay tax for income. If i would do it here like you recommended i would end up in jail.

For example if you earn 2000 eur as a independent in germany you pay every month stuff like unemployment insurance, care insurance
pension insurance, healthcare insurance from your income, church tax, income tax, solidarity surcharge for east germany (yes in germany u pay shit like that). So you loose about 500-700 eur from that 2000 and keep 1500-1300.

Probably its different in canada? Doesnt work that way. At least not in germany or spain.

 

[a_haze420]

Well in germany you have to sign up as a independent worker BEFORE you start working and then its the same with taxes once declaration once a year but you have to pay every month income tax.

In spain you also need to sign up before you earn money otherwhise its illegal. And in spain as a independent (autonomo) you even pay tax for 3 month upfront for a enspected loan. If you earned less you get the money back you paid to much, if you earned more you have to pay afterwards the difference.

So it seems its not the same concept in the eu like its in canada... you cant pay tax afterwards. First sign up as a independent then pay tax for income. If i would do it here like you recommended i would end up in jail.

Im really unsure as to what you mean by "sign up" you don't really sign up to be self employed. You are just self employed unless you are registering yourself as a business but from what I've researched for camming in most countries (including European countries) that is not necessary.. I think you might be confusing an independent contractor with an independent business owner.

Here if you are a business.. for example: you clean houses on your own and are registered as a business.. you pay quarterly taxes (every 3 months like you stated) and then you also file once a year.

If you are self employed you report once per year on your total income.

You don't usually pre pay taxes as you don't know what you would owe until you make the money.. Even when tax is removed from a pay check in your own country it is based on the amount the check is written for. So it's after it was earned. So no you would not go to jail for reporting income after you make it. That's kinda how they determine what you owe is how much you made...

 

[avantgart]

Yea, its not the same in every country by far. In mine, you are obligated to pay within 15days as individual and every month as a company(+ per year if you exeed some amounts).plus all other things as TheSense stated. And if you declare it as a person tax is 50%.
The second example you made for a waitress and tips...here, if inspection caught her with more cash then she should have in a moment(with tips), it is a fellony(law does not recognize tips) haha...
Also as a plus for some countries...where average pay is $250 per month, receiving couple of thousend dolars will bring a lot more things in community upon you beside legal things....
I belive im not the only one here who live in a "great" country...

 

[a_haze420]

Either way. You are entitled to money you have earned. If you claim it now you may have to pay penalties and back taxes depending on when the money was earned.

If that's the way you should be paying taxes in your country you should have been doing that from the start in order to prevent later penalties.

All you can do now is claim it and pay the taxes and or penalties but I HIGHLY doubt you will be sent to jail for that unless it millions and millions of dollars you owe.

Use the paper work I have suggested as evidence to back your income and it shouldn't be a problem. Talk to a tax professional in your country it will probably be better info than you will get from all the misinformation and panic on forums associated with first choice.

I really want everyone to get the money they earned and don't want some one to not accept a wire transfer because they think they are going to go to jail.

Please consult a tax professional in your country.

 

[TheSence]

Sorry i dont know the words in english. But yes here you have to register as self employed and automaticly as a business, in spain there are 2 things. Employe and self employe and i get handled the same like someone who owns a shop in the city and sales clothes... once a year is only the tax declaration where you declare your in and outcomes. But here you need to register before you start working. If you work without registration its black work like working without contracts and you would break the law because like i said here u pay every month different taxes.

I know when i was a child a lot of people said to me that canada has the best tax system, very easy and not complicated like in the other countrys.

I thought about going to a tax professional but even they have to report you now if they suspect money laundry. Also lawyers, they just changed the law last year. Before that they are not allowed to report anything to anyone, now you dont have stuff like bank secrets anymore in the EU.

But yeah we will see... would be good the know first where the payouts are coming from. Off shore or the us...

 

[isitgoneforver]

In my country you have to register as "a company" or "a self employed" and only then you can make income legally, it's illegal otherwise.
And after registration as "a company" you have to declare your income to feds 4 times a year(or annually). You can't just say oh i made some buck a year ago here my taxes. It doesnt work like that.
All other ways of doing it is illegal.
It means huge financial and other penalties.

Even if you made it the right way. It will be a bureaucracy nightmare to receive it, the bank will ask for many many papers.

And most of all, all "cam/porn" related business is NOT LEGAL.
In some cases i think it's even jailtime, i'm not sure.

 

[a_haze420]

In my country you have to register as "a company" or "a self employed" and only then you can make income legally, it's illegal otherwise.
And after registration as "a company" you have to declare your income to feds 4 times a year(or annually). You can't just say oh i made some buck a year ago here my taxes. It doesnt work like that.
All other ways of doing it is illegal.
It means huge financial and other penalties.

And most of all "cam/porn" related business is NOT LEGAL.
In some cases i think it's even jailtime, i'm not sure.

And even if you all good with all of this
It will be a bureaucracy nightmare to receive it, the bank will ask for many many papers.

Porn is only illegal in a few countries. And none of which are EU nations at my last check. So no its not illegal to make money doing pornography in most countries. Countries with restrictions and illegal restrictions include some African nations, middle eastern countries etc and there are some restrictions in Russia but not 100% illegal.

That is why I stared what papers to get. From your cam sites, from first choice and from who is paying you out. (I'm assuming the insurance company). Better than having nothing. And is a start in the right direction.

It is not ideal to report income after you make it but it is possible. My first year camming I did it very sporadically and didn't make much $ and didn't report it. The following year when I was doing full time sex work I reported all income I made including in my first year as I wanted to pay what I owed on that in case I was auditied. I paid a small penalty and carried on my way because it wasn't millions of dollars as I'm sure none of you have with fcp. There will be fines yes. But jail time. Very doubtful.

I'm a book keeper/accountant in my country by trade and I highly highly suggest you consult a tax pro in yours they can help you figure out your best way to proceed legally and in your best interest.

Im officially done trying to help and will no longer be checking this thread. Whenever I try to help I'm just shot down so I'm not going to bother anymore

Good luck all! I highly recommend you consult a tax pro.

 

[SillyLily]

Hey, guys! I am one of those, who have big amount on account and wasn't even offered 70%, since got no response except very first email, where they asked for phone number.
I just hope that they didn't forgot me for good hehe


Wanted to ask, if any one thought about Paxum Bank? When I contacted Ruth and Octav, they told me that paxum can't accept wire in USD from 3rd parties, but paxum bank can. Yes, they will also ask for documents, but probably in such way we can avoid problems with being with taxes and black working? Or I am mistaken?

 

[isitgoneforver]

Porn is only illegal in a few countries. And none of which are EU nations at my last check. So no its not illegal to make money doing pornography in most countries. Countries with restrictions and illegal restrictions include some African nations, middle eastern countries etc and there are some restrictions in Russia but not 100% illegal.

That is why I stared what papers to get. From your cam sites, from first choice and from who is paying you out. (I'm assuming the insurance company). Better than having nothing. And is a start in the right direction.

It is not ideal to report income after you make it but it is possible. My first year camming I did it very sporadically and didn't make much $ and didn't report it. The following year when I was doing full time sex work I reported all income I made including in my first year as I wanted to pay what I owed on that in case I was auditied. I paid a small penalty and carried on my way because it wasn't millions of dollars as I'm sure none of you have with fcp. There will be fines yes. But jail time. Very doubtful.

I'm a book keeper/accountant in my country by trade and I highly highly suggest you consult a tax pro in yours they can help you figure out your best way to proceed legally and in your best interest.

Im officially done trying to help and will no longer be checking this thread. Whenever I try to help I'm just shot down so I'm not going to bother anymore

Good luck all! I highly recommend you consult a tax pro.

Thank you for your point of view and letting us know how it works in your country. It might be helpful for someone.
But it's different in every country.

 

[a_haze420]

Thank you for your point of view and letting us know how it works in your country. It might be helpful for someone.
But it's different in every country.

I am aware of that however every country would have tax professionals you can consult. I really really suggest anyone struggling thinking that they can't receive their money contact one. There are ways to pay back taxes in almost every country just different ways to do so. Good luck!

 

[JennyFae]

Applied for payoneer, three weeks ago, just got approved. Can't log in. So I changed my password. Still can't log in.

Fuck this.

 

[MelissaLauren]

Im really unsure as to what you mean by "sign up" you don't really sign up to be self employed. You are just self employed unless you are registering yourself as a business but from what I've researched for camming in most countries (including European countries) that is not necessary..

Just wanted to chime in really quickly so people reading this do not get false ideas about what their obligations are as self-employed people, you absolutely have to register before you start working in most EU countries.
I've lived both in Ireland and France and both require you to set things up before you start earning.

 

[LilFitVeve]

Hi all

Has anyone actually succeeded in filling out the form correctly ? I sent three variations of it ( inspired by the form posted by someone here a few pages Back) and still they are saying i am filling IT out wrong...

Mr. Thompson just said now that they don't need my FCP account number and i should put my regular bank account instead there


Are they playing a charade and inventing mistakes up now ?!


Thx for any help

 

[HelenaL]

Someone asked the question what will be the purpose of payment?

 

[Keanu]

Hi all

Has anyone actually succeeded in filling out the form correctly ? I sent three variations of it ( inspired by the form posted by someone here a few pages Back) and still they are saying i am filling IT out wrong...

Mr. Thompson just said now that they don't need my FCP account number and i should put my regular bank account instead there


Are they playing a charade and inventing mistakes up now ?!


Thx for any help

I had the same issue and resent the form with the IBAN both there and in the Beneficiary Bank Account No field and they said it’s all good now.

 

[a_haze420]

Just wanted to chime in really quickly so people reading this do not get false ideas about what their obligations are as self-employed people, you absolutely have to register before you start working in most EU countries.
I've lived both in Ireland and France and both require you to set things up before you start earning.

Thanks! Good to know some are like Canada where you report as self employed but don't have to pre register and only pre register if you are incorporating yourself as a business. I only know a couple countries in and out and that's just from my vanilla work.

That's why I think we should all be checking our obligations etc with a tax professional in your country because it's very hard to find proper info on the internet with so many people discussing things! Even if you haven't started camming yet checking these things out is a really good idea. I didn't and ended up paying penalties! So I wish I had! It wasn't a huge amount but money is money!

 

[Fatquack]

The only reliable information on the internet about taxes in your country is the official website of your country's tax office.
Go there and read it.

 

[marvelb0y]

The idea of paying taxes is the same everywhere but laws are different enough that knowledge of laws in one country is probably of little use in another.

Right now the amounts that are being unfrozen are small enough, I can see a case where you might not want to bother claiming it.

For example, if for whatever reason you failed to declare your taxes in 2017 and if the amount of taxes you would owe is more than the amount frozen, then you would basically use all that money just to pay taxes once you get it back. This isn't even counting all the legal risks you could run into having to back fill unpaid taxes. I'm definitely not advocating not paying your taxes. But my feeling is for a lot of these cases, it's already too late. You either jump through a lot of legal hoops just to have that money taken from you again by the government or just leave it there. In other words, the advice to go pay your taxes is only helpful if you also have a time machine.

 

[mrfunk]

After 2 days I sent info to Mr. Thompson no receipt about the wire.
I asked him and I'm waiting his reply.

 

[a_haze420]

The idea of paying taxes is the same everywhere but laws are different enough that knowledge of laws in one country is probably of little use in another.

Right now the amounts that are being unfrozen are small enough, I can see a case where you might not want to bother claiming it.

For example, if for whatever reason you failed to declare your taxes in 2017 and if the amount of taxes you would owe is more than the amount frozen, then you would basically use all that money just to pay taxes once you get it back. This isn't even counting all the legal risks you could run into having to back fill unpaid taxes. I'm definitely not advocating not paying your taxes. But my feeling is for a lot of these cases, it's already too late. You either jump through a lot of legal hoops just to have that money taken from you again by the government or just leave it there. In other words, the advice to go pay your taxes is only helpful if you also have a time machine.

Better late than never. Trying to hide the money and avoid taxation isn't really a good option in this case as you could be audited and penalized even more.

 

[Boerman]

Just wanted to chime in really quickly so people reading this do not get false ideas about what their obligations are as self-employed people, you absolutely have to register before you start working in most EU countries.
I've lived both in Ireland and France and both require you to set things up before you start earning.

T

Thank you so much MelissaLauren. Your post has been one of the most helpful I have read in this thread. Some of my dearest friends live in Romania and I have been having such a hard time wrapping my brain around what they have been telling me about all this mess. For those of us who are used to American and Canadian tax systems, the tax laws of the EU are totally illogical. In the US, children receive a tax ID very early in life so their parents can report them each year on their tax forms. Then when they are older and they get a job, that tax ID is the same one that they use to report their income. It makes absolutely no sense to us that it can be illegal to make money until AFTER you sign up as a company. But I accept that that's the way it is. Where do you get the money to register as a company? It seems to me that this system discourages new businesses from starting up. It is no surprise to me that EU countries have such low economic growth. Can their leaders be THAT stupid?

a_haze420 - I appreciate all your efforts to help in this thread and I understand your frustration. But in many instances, you and those you have been feeling attacked by are speaking different languages (no pun intended). You and I are used to the idea of having to pay a penalty for failing to accurately report income. My friends have been expressing to me a very real fear that they could have their houses and cars and other property confiscated and they could actually go to prison. I hope someone here more knowledgeable than I will comment on a tax law passed in Romania or maybe the entire EU around 2013.

 

[jessy]

Someone else recived that form to complete and sent it back to them? They told me today it will take 1 week from tomorrow to have the amount in my bank. Anyone here have the same information?

what did u write in there?
BENEFICIARY INFORMATION:
Beneficiary Name: i know
Beneficiary Address: i know
Beneficiary Account No i dont know???

 

[jessy]

After 2 days I sent info to Mr. Thompson no receipt about the wire.
I asked him and I'm waiting his reply.

what did u fill there "Beneficiary Account No "

 

[LilFitVeve]

what did u write in there?
BENEFICIARY INFORMATION:
Beneficiary Name: i know
Beneficiary Address: i know
Beneficiary Account No i dont know???

A few pages Back someone here said we should put our FCP account number there. I put it and MrThompson said it's wrong and there should be our normal bank account number. Which for me doesn't make sense

Maybe someone with an already APPROVED form helps us out

Or maybe they ( Choice Bank) just act a fool or really have themselves no idea

 

[jessy]

so they dont need account of fcp in the from

A few pages Back someone here said we should put our FCP account number there. I put it and MrThompson said it's wrong and there should be our normal bank account number. Which for me doesn't make sense

Maybe someone with an already APPROVED form helps us out

Or maybe they ( Choice Bank) just act a fool or really have themselves no idea

A few pages Back someone here said we should put our FCP account number there. I put it and MrThompson said it's wrong and there should be our normal bank account number. Which for me doesn't make sense

Maybe someone with an already APPROVED form helps us out

Or maybe they ( Choice Bank) just act a fool or really have themselves no idea

kgarbutt-fcp@choicebankltd.com maybe they can recommened what should we put there, they answer quite fast..few hours...