US INCOME TAX!

felicity - i am trying to help someone file a return for 2006. i'm no accountant but i at least understand a little bit about it. they have none of their tax forms from previous years and 2007 was the first year they filed. they did receive a letter saying that they needed to file for 2006. what is the next step?

Postmarked by midnight is fine. Yeah I should probably get back to work paying my mortgage with money from spoiled rich people who are crying about being indicted for tax fraud.

xp I would hire a tax lawyer.

I e-filed this year for the first time for the sole reason that I have my W2s sent to me online but I don't have a printer. Thought about going to the library, but the $8 fee was worth it to stay at home in my PJs and not have to whip out a calculator.

e-Filing is indeed very pleasant. I have this vague notion that I shouldn't e-file any more, since somehow owning a house makes it financially inadvisable not to have an accountant, but maybe I'm wrong.

was janet reno a good boss? he seemed like a dick

-- akm, Monday, April 14, 2008 10:48 AM (26 minutes ago) Bookmark Link

She was really tall. Reno's big thing was using the Internet to catch catch child pr0nographers and sex offenders.

like, even in the workplace?

She was really tall

otm!

I think it may have been a political p.r. maneuver to deflect attention from the criticism of the disproportionately harsh mandatory sentencing guidelines for drug crimes.

Civil forfeitures are fun.

I still love the idea that my inability to suffer fools gladly comes in "episodes"

Can't wait for the May sweeps.

From my delinquencies and fits of avoidance, I learned that if you have a refund coming to you, it is OK not to file (for a certain number of years?), but it is NOT OK if you owe money. I skipped filing for 2 years at one point and then on the 3rd year I filed, got refunds for each year from federal as well as state, received a very lovely chunk of change which I then used to purchase a car and some pretty baubles.

xp I would hire a tax lawyer.

-- felicity, Monday, April 14, 2008 5:58 PM (1 hour ago) Bookmark Link

heh ok zing i guess but i thought you were giving out free advice today

i will do my own research, this person cannot afford a "lawyer"

No because people were rude and I actually do need to work for my paying clients.

KOOL-AID MAN knows what's up

yeah ask that dude. He'll be cool.

yeah i know someone who had refunds due to him but for assorted laziness reasons didn't file for over five years. he finally did and got a big chunk of money back.

listen i still haven't filed my '06 taxes and i'm wondering if i'm SOL with the DOJ and the IRS, or maybe if i can get an extension

vaguely hilarious in the context of your chosen logon

I am very butthurt! From now on I will only dispense edgy, ironic, purportedly, humorous, awful, house, legal, advice, if any.

i owe the feds some scrill but fortunately not much, i was worried it might be more for some reason.

this thread is just making me butthurt at myself for not doing my undergrad in accounting or something

ehhh shit i kept meaning to make planz to have them done, but kept sleeping on it, and now i'll have to whip thru them online. my major expense will be not having anything to itemize against a pile of undeducted freelance income. you pay to be lazy.

owning a house makes it financially inadvisable not to have an accountant

Dude the mortgage deduction requires 1) looking at the form your mortgage lender sent you and 2) transfering the amount in box 2 into the line something or other on your Schedule C. No accountant required. I did our federal and state in under an hour and had both mortgage and student loan interests to deduct. Piece o' cake. So just file dude.

I think what I'll do is just estimate what's on the forms I don't have, file with that, then file an amended return when they turn up, which ought not be too long.

you should just flee the country

Don't pander to my wife OK???

he can't flee the country dude, he OWNS PROPERTY.

You can always flee for 2 weeks or so.

don't talk about his wife that way xpost

http://www.seizedluxuryhomes.com/art/seizedrealestateMain2.jpg

22

Resource for meme early adopters

I filed in January and have already spent my tax return. :)

argh argh argh fuck why didn't i read form 970 before fucking w/ "tuition expenses" and "education credits"

here's a q for any currently-enrolled independent full-time students out there

if you're getting a scholarship / fellowship / grant (not a loan), and the amount is less than the "qualified expense" on the 1098-T, there's no point in even fucking around w/ education credits or tuition expenses because it's essentially saying that 100% of that money went into the qualified expense so it doesn't even need to be reported as wages? (looking at worksheet 1-1 in form 970)

that was my impression when I was on the tuition reimbursement program at my last company, yes. none of my tuition reimbursement payments ever even showed up on my W2.

the 1098-T is the one you get from your school telling you how much you paid them, right?

yeah it tells you how much they gave you in the form of "free money" non-teaching fellowships and how much your "qualified expense" was (ie tuition + processing fees)

i guess the fact that i never received w-2 for this money should have tipped me off but i get really paranoid w/ tax forms and just *assume* that you have to report everything. and then in the 1040 instructions there's a bit about "taxable fellowship funds not reported on a w-2", which i dutifully entered, and then freaked out because the maximum deduction for education is like $4000, so i owed like $500 tax, so i tried to claim education credit, which doesn't work if you're actually doing the education at the same time, but then i finally looked at 970 worksheet 1-1 and realized it's not actually taxable ... fuck, i'm stupid ...

anyway, taxes done A++ would file again

i don't even know why i bothered w/ 1040 this year because i don't have kids, mortgage, interest, dividends, itemized deductions (except the $250 teacher supplies wheeee!) or anything else that would make it worthwhile ...

http://i181.photobucket.com/albums/x18/gr8080/testes.jpg

Everyone gets that code too.

You May Now File Your Form N-13 On-Line!!!
https://dotax.ehawaii.gov/efile/images/HICefile.gif

We ran the numbers, and it looks like your income was too high to get the tax rebate for 2008.

Ironically enough, I just learned that I owe $1000 for (my wife) not filing on time last year.

CA income categories include:

Ottoman Turkish Empire Settlement Payments

Ha ha.

So the key question is whether it's worth filing an amended return. I found all the real tax documents so I didn't have to guess any numbers, but I skipped some deductions I could probably have gotten, like student loan interest-related deductions (not much, since I'm almost paid off).

this year i owed federal for the first time ever :/
still received a small state refund as usual

Farewell 1st quarterly estimated self-employment tax installment, it was nice having you in the bank for a day or two ;_;

CA income categories include:

Ottoman Turkish Empire Settlement Payments

-- libcrypt, Wednesday, 16 April 2008 02:08 (1 hour ago)

iirc, the settlement payments are for a lawsuit won by the descendants of Armenians who fled from Turkey to the US to escape the genocide of 1915

(BTW I was laughing at douchecrypt's tax penalty, not the Armenians.)