The Cellar

The Cellar (http://cellar.org/index.php)
-   Home Base (http://cellar.org/forumdisplay.php?f=2)
-   -   Taxes 2005 (http://cellar.org/showthread.php?t=10287)

Happy Monkey 03-22-2006 03:58 PM

No, you gotta buy a bunch of 2 centers.

BrianR 03-22-2006 08:19 PM

uh oh. my cable bill is gonna be LATE!

lookout123 03-22-2006 11:27 PM

don't forget that most retirement plans have tax benefits - even your Roth (a lot of CPA's don't know that).

oh yeah - do not fund your IRA's/Roth's with your CPA, Insurance agent, bank, etc... they generally don't have the slightest damn clue what they are doing.

wolf 03-23-2006 01:49 PM

Quote:

Originally Posted by BrianR
Do we get a grace period to use up old stamps and buy new ones?

It was called January.

Rock Steady 03-24-2006 12:04 AM

Quote:

Originally Posted by tw
Government has now announced a (potential) rule change. Those tax software companies can sell information on your tax forms. The George Jr administration approves of this idea. I think they just tried to slip that one past us and the press caught wind of it. Actually, when you submit your tax returns to a tax preparation company, technically, they own the data.

unbelievable. thanks for the heads up. A private CPA is more obligated to the client than a big tax prep company. The annual $600 seems more reasonable all the time.

farfromhome 03-27-2006 12:03 AM

I've been advised by two different tax preparers that married filing separately is the worst possible way. I have not lived with my ex in three plus years and probably never will again. However, neither of us has the financial wherewithal to make it legal...kid issues, etc. My preparer this year said that * wink * many people in my position file as if they were still together. Assuming your ex is agreeable...Do any cellarites have any experience or opinon about this?

xoxoxoBruce 03-27-2006 07:50 PM

HTML Code:

Assuming your ex is agreeable
Fly in the ointment...an agreeable ex that isn't lying and intending to turn your ass in to the IRS.:lol:

keryx 03-27-2006 08:41 PM

Quote:

Originally Posted by farfromhome
I've been advised by two different tax preparers that married filing separately is the worst possible way. I have not lived with my ex in three plus years and probably never will again. However, neither of us has the financial wherewithal to make it legal...kid issues, etc. My preparer this year said that * wink * many people in my position file as if they were still together. Assuming your ex is agreeable...Do any cellarites have any experience or opinon about this?

As long as you are still legally married, you can file married filing jointly. And yes, it would be strongly recommended that you do so if possible. There are all kinds of little known rules about married filing separately that can really mess you up: like the fact that if one spouse files separately and itemizes deductions, then the other spouse who files must also itemize. This can really screw the spouse that has nothing to itemize. No, you cannot take the standard instead. To say nothing of the unbelievably high tax rate. MFJ has the best tax rate, MFS the worst (same as single!)

Those separated, but still married people might also be able to file head of household, if they have a qualifying dependent and pay more than 50% of the cost of maintaining a home for that dependent, AND have been separated for the last 6 months of the year.

It is possible for one spouse to be able to file as head of household and the other stuck filing MFS.

I did taxes for several years, and the basics of the tax code never changed. I was able to refresh my memory by going to www.irs.gov website, which is full of information and basically up to date.

Yeah, I know reading through tax code is about as exciting as, well, watching paint dry. :zzz:

dar512 03-28-2006 10:14 AM

Woohoo. Did my taxes over the weekend. Done for another year.

glatt 03-28-2006 10:22 AM

Good feeling, isn't it?

wolf 03-29-2006 06:08 PM

I always still feel miserable, but at least it's over with. I wouldn't go so far as to describe the feeling as "good."

I must say, though, that I am happier with the pittance I shall get back than one of my friends is over the $23,000 (no, I did not misplace the period) he has to pay.

Kitsune 03-30-2006 03:25 PM

It is over and thank god for that. There is no hell quite as fun as working a 1099 and having to deal with the quarterly payment system and investing into a Self Employment Pension Plan. Three years of this and I'm glad I won't have to deal with those problems while doing taxes, anymore!

xoxoxoBruce 04-01-2006 02:44 AM

Quote:

than one of my friends is over the $23,000 (no, I did not misplace the period) he has to pay.
That's nothing compared to what I'm going to have to pay after I win the PowerBall drawing Saturday night.:D


All times are GMT -5. The time now is 06:23 PM.

Powered by: vBulletin Version 3.8.1
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.