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ELI5: Why when a TV show or a movie becomes a tax write-off, it can never be shown again?

Main Post: ELI5: Why when a TV show or a movie becomes a tax write-off, it can never be shown again?

Top Comment: In accounting terms, if a studio is writing something off, they're essentially closing the book on it by saying it won't make any more money. Showing a film generates revenue, so they need to ensure that doesn't happen.

Forum: r/explainlikeimfive

Why many stores in Japan show prices without tax mainly?

Main Post:

Who cares a price without tax? It only confuses customers.

Top Comment: They dont, they have to show the price with tax but that is recent (last couple of years maybe?). A lot of them show the price without in bigger text and with in brackets or in smaller text.

Forum: r/japan

Does a CP11 notice show my total balance?

Main Post:

I filed my 2021 taxes using TurboTax and owed 7.1K, which I have not yet paid

I then received a CP11 notice showing that 4.5K is owed.

Does that mean I owe less than expected and the error was in my favor?

Or does that mean I now owe 11.6K?

FYI, I called the IRS but can't get a real person because of high call volume, and I've been hold with TurboTax forever. I included a poll, but explanations would be appreciated.

Top Comment:

You owe the amount due on the notice. The adjustment described was evidently in your favor.

Forum: r/tax

Crypto taxes are a shit show

Main Post:

(US Taxes) I’ve tried multiple tax tools trying to get my taxes straight this year and none of them are coming through, either the API fails to load or CSV won’t import.

I have used around 10 exchanges and some of them have hundreds of transactions I need to correct plus these dust drops in my trust wallet causing it to say I have 4 mill in unrealized gains wtf.

I can’t be the only one pulling my hair out trying not to get audited. What are you guys doing for yours? Any tips? This experience has made a hodler out of me!!!

Edit: thanks guys you make me feel better knowing we are all struggling together 💪🏻💪🏻

Last edit: Just submitted my taxes thanks for the tips, now let’s wait for the “accepted” email 😅

Top Comment:

I’m in the same boat but I just did what I could and filed. It’s probably 90% accurate

Forum: r/CryptoCurrency

T5 from Questrade - I'm confused. Does not show box number (Tax Return inputs)

Main Post:

Is this even T5? Wealthsimple's T5 shows box numbers for tax input purposes.

Top Comment: There should be a proper T5 if you scroll to one of the following pages.

Forum: r/Questrade

Trump's tax returns show he paid no taxes in 2020 - Reddit

Main Post: Trump's tax returns show he paid no taxes in 2020 - Reddit

Forum: r/news

TurboTax wants to use your tax return to show you ads. You can say no.

Main Post: TurboTax wants to use your tax return to show you ads. You can say no.

Top Comment: Please downvote me. Why do I live in a country where I have to pay a company to help me file taxes when the government already knows what I owe and refuses to tell me. Look at Estonia. You get an email and click accept or amend. Disgraceful.

Forum: r/privacy

Final Space Official Twitter Account Changed Their Bio Yesterday, Final Space Written Off As Tax Cut for WBD

Main Post: Final Space Official Twitter Account Changed Their Bio Yesterday, Final Space Written Off As Tax Cut for WBD

Top Comment:

You know, sometimes I wonder if there is ever going to be proper Justice when shit like this continues to happen to creators. Just... wow.

Forum: r/FinalSpace