"How am I supposed to pay?" - Mizkif reveals he's $700k behind in taxes
During a recent stream, Twitch star Matthew "Mizkif" disclosed that he is currently facing a significant financial burden. He explained that his former accounting firm lacked a proper understanding of how streaming income is taxed, which has resulted in a $718K tax bill that he must pay.
The streamer also shared that his previous accountant had overpaid for his business expenses. While he has received a check from the IRS for over $360K, he explained that the reimbursement process would take some time.
Speaking about his current predicament, he said:
Mizkif's $718K tax bill came as a shock to him, as he was previously unaware of its existence and the deadline for payment was April 20. During his stream, he recounted a conversation he had with his current accountant:
(Timestamp: 00:26:11)
The OTK co-owner continued:
Although he is still about 100K short of his target, Mizkif disclosed that Emily "Emiru" (also a streamer and OTK co-owner) came to his rescue by lending him a few hundred thousand dollars. He added:
The video clip was swiftly circulated within the popular livestreaming subreddit r/LivestreamFail, where members sarcastically responded to the streamer's predicament. Some rhetorically questioned how a millionaire could struggle to pay such a sum. Here are some of the notable reactions:
Despite facing a significant tax bill, Mizkif has not shied away from spending money. For example, in a live auction last year, he purchased a Warcraft movie sword for $9.5K. Given his spending habits, it's unsurprising that fans would criticize him, especially since he is already a millionaire.
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