US INCOME TAX!

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.)

Yeah, the Armenian thing is politically very strong in CA, but it's not as amusing if you explain that income category.

I owe tax this year, too.

Where's my six hundo?! Government did its dude wrong.

i don't pay that bullshit

Oh wait, it's separate. Ok, cool.

xpost lol you don't pay your federal income tax? You must be one smooth mofo.

If you don't make any money, you don't have to pay any tax, kenan.

Also, if you are paid in cash (e.g., my housekeeper), it's really up to you how much you wanna pay.

mkcaine is probably total gangsta fat wads of US dolla, so gov't doesn't even know he exists.

it's really up to you how much you wanna pay.

"Oh, hi, Government. Listen I was thinking about how much I want to pay in taxes this year. Don't take this the wrong way, but... how about zero? Is zero ok with you?"

The world doesn't work like a computer, kenan.

Sadly, in many ways it does.

"Hey, computer, I was thinking about all those files I accidentally wiped out. I know you have them there in the basement somewhere... would it be ok if I could just have them back? What do you mean 'grep'? Aw, don't do that to your boy!"

How does it work for a housekeeper or similarly situated worker? If it's your full time job then does the IRS calculate imputed income for you? At my first waitering job I was negligent (purposely so) about reporting tips, but the company reported a small amount of imputed tip income to the IRS when a tipped worker reported absurdly low tips (e.g., $25 for 8 hours).

At my last waitering job the accountants reported curiously accurate imputed tips (this is what really made it fucking painful when a guest would stiff me since I wound up netting LESS than $0.00 income on the check.)

It is kind of up to a cash-paid worker what they will pay each year, but they surely have to stay within credible parameters.

My housekeeper is self-employed and owns a house in San Francisco, so I kinda sorta suspect that she doesn't report very much at all.

.....

it's weird because you seem like a pretty smart person otherwise

Why else would she demand to be paid in cash?

I LOVE TURBOTAX.

I got my refund two weeks ago.

Thanks to TurboTax, I was able to do our taxes last night in just about 90 minutes.

Yes, you too can find it's easier than ever to use TurboTax.

I love TurboTax so much I had its logo tattooed on my ballsack.

I love TurboTax so much I donated my refund to John McCain.