Platyfish cash card hack

Some options, like Plastiq , allow you to use credit cards to pay bills that don't normally accept cards. When your credit card gets refunded for your return, the points, miles or cash back you earned on that purchase will be subtracted from your rewards balance. That includes any bonus rewards you may have earned. Digital payment options like PayPal and Venmo have made it fast and easy to move money around.

Need to send money to pay back your friend who bought you dinner last week? To your neighbor for babysitting? With a few swipes, that money can be sent instantly with these services. The catch? You won't earn any rewards on those transactions. Just in case, though, Verifone said retailers are "strongly advised to change the default password.

In any case, the fault lies with retailers and their special vendors. It's like home Wi-Fi. If you buy a home Wi-Fi router, it's up to you to change the default passcode. Retailers should be securing their own machines. And machine resellers should be helping them do it. Trustwave, which helps protect retailers from hackers, said that keeping credit card machines safe is low on a store's list of priorities.

This problem reinforces the conclusion made in a recent Verizon cybersecurity report: that retailers get hacked because they're lazy. This sounds like a very interesting strategy. Eric, no tax liability is different from no tax due. However, in this instant it is the same. The IRS cannot force you to overpay your taxes. I can only think of what would happen if you contacted your Congressman and inform them the IRS wants to bankrupt you by forcing you to give the government a large interest free loan.

I give it 30 seconds. A lock-in letter results from large balance dues on your tax return and claiming exempt or a large number of exemptions. Once again, if you pay your taxes via another route, the IRS has a hard time forcing you to overpay through withholding. There have been several comments revolving around this same issue. If the IRS at some point forces you to withhold from your wage you can always stop the strategy in this post.

People are overthinking this. If you file an extension and owe you will also face an interest penalty. Finally, claiming Exempt is an extreme example to illustrate what is possible. Unless you are going for mega miles you will be less extreme. Changing your W-4 is not unusual. Claiming a large number of exemptions or Exempt late in the year is a strategy some people use to increase their take home pay for the holidays. They overpay early in the year to cover their annual tax liability and reduce their withholding sometimes to zero late in the year.

To your first question again. A liability is something you owe. One more thing to keep in mind. Withholding is considered paid equally throughout the year; estimated payments are credited when received by the IRS. This is a strategy that works only if you use common sense.

Thanks Keith, that explanation smooths over my concerns with this strategy. Keith — not trying to beat a dead horse but just want to make sure I do this right. I am planning to claim exempt and pay my federal taxes via credit cards for bonus points. Just trying to make sure I pay often enough. I may have missed the answer to this in the comments.

Due to a modest income, a child, a homemaker spouse, and a couple other tax credits, I have zero tax liability for I did have some withholding, which I will get a full refund of. I could really use a couple thousand dollars of spend to meet a signup bonus.

So my question is… Could I make a tax payment for via credit card in, say, February even though I owe no taxes, and then file my tax return a week or two later to get my ordinary refund plus a refund of the non-necessary credit card payment? There is certainly nothing against the rules making an extra ES payment just in case and then getting it back in a refund.

Thanks, Keith. Good to know. And it looks like I may have asked at the right time by happenstance, since Q4 estimated tax payments are due tomorrow and the online payment systems may not allow it after tomorrow.

So maybe I just pay now rather than February when I will have everything needed to file my return. Hi Keith, thanks for this great post. One question for you: Is filing the extension necessary if on April 15th I am ready to meet my credit card bonus spend?

Or is filing the extension a necessary component of this deal? I think it takes a day or so at least for payments to post at the IRS. You can always request the IRS to send the remainder, but that might take more time than you want. But if I owe money on my return, how can I make this work, then?

Does this only work if I am owed a refund? You got it, JC. Owing taxes is why this was set up. Be sure to file by October 15th. However, when I go to any of the tax payment sites you linked to above, paying an estimated payment for is no longer an option. Do I just make the payment against the regular Series rather than the ES estimated tax? Thank you! It seems like a great way to get legitimate spend.

My understanding is that they are companies that need help buying products from stores or online to circumvent promotional restrictions. You basically but it, ship it to them and they pay you. How can you tell which companies are safe to work with?

They probably open fairly quickly here as ES payment due dates are all past. As soon as they accept payments you can catch up.

Just hold the funds until the IRS can accept the money for The initial deluge meant acknowledgements were slow. Matthew, the IRS has struggled with this. What I recommend and do in my office is fill out the W-4 as best as possible. Then do a back of the envelope calculation on your annual tax and compare to the withholding you have from the submitted W This allows for micro management of your refund. Subscribe Now! I will save the links until the end of this post so we can focus on the process.

Pump Up the Volume Owing money when you file your tax return limits the opportunities to capitalize on credit card rewards. The Ultimate Hack What I outlined above still limits your spending to your actual tax. From now on I want you to file your taxes late. This is all legal. Bringing it Together This is a simple hack merging credit cards and taxes. Business owners can turn payroll tax payments into cash or vacations Anyone can reduce their federal withholding at work and make estimated payments instead via credit card.

One way to prevent these things from happening by not giving out your own phone number, but another phone number when registering on Cash App. Bypass the Cash App verification code process by getting a fake or virtual number. You can increase these limits by verifying your identity using your full name, date of birth, and the last 4 digits of your SSN.

If we are unable to verify your account using this information, we may ask you to provide additional information. To receive a Cash Card, you will need to verify your account using your full name, date of birth, the last 4 digits of your SSN, and your mailing address.