Tuesday, February 07, 2006

IRS Trouble - YMMSS/Kim Inman scams members again

Now they are saying "after careful review" YMMSS has to issue 1099s to US citizens for EPCs earned. This means you could have put in thousands of dollars, cycled, but never received one penny and unlikely to regain your money, but still have to pay taxes on it.

Once again Kim and Co. have mislead its members and on top of putting them into a financial hurt, now they will be in trouble with the IRS unless they pay taxes on fictitious money.

On top of this there are still so many members that appear happy to get the few pennies that Kim Inman has graciously decided to throw their way.

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