Tax time

["W"]

Originally Posted by swamp snorkler

I got more back than ever this year without itemizing, Thank You Obama!


#inbeforeyougavethegovernmentaloan








































































J/K on the Obama part.

For real??? I always itemizing like a mother.......Thats why it takes me so long to do taxes....

[swamp snorkler]

Originally Posted by "W"

For real??? I always itemizing like a mother.......Thats why it takes me so long to do taxes....

Not enough deductions, I would have needed about $2,200 more and I didn't have that in deductions, believe me my tax prepper has a long list of deductions to look at and knows how much you bend it before Uncle Sam takes a look at it. This is my last year going to her though, I can do short form myself or get my mom to do it.

[Armand16]

Originally Posted by swamp snorkler

Not enough deductions, I would have needed about $2,200 more and I didn't have that in deductions, believe me my tax prepper has a long list of deductions to look at and knows how much you bend it before Uncle Sam takes a look at it. This is my last year going to her though, I can do short form myself or get my mom to do it.

Does anyone know what dollar amount or ratio triggers this red flag?

[Duck Butter]

Originally Posted by Armand16

Does anyone know what dollar amount or ratio triggers this red flag?

I made a mistake (an honest mistake) on my taxes one year and I am not a big baller by any means and they came after me. Long story short: fell from treestand, broke pelvis, owed $40k in medical bills due to no insurance at the time because I thought paying for health insurance was crazy for someone my age. I was able to settle for $10k and never thought anything of it. This was in 2006 I believe. Everything going fine until 2010, I got a letter from IRS stating I owed $8k in back taxes and penalties. The reason was that the $30k was taxable and I didn't report it, didn't know to report it, after all I had just paid $10k outta pocket for being stupid in a treestand. When I got that letter, it was like someone shot my dog. Let me be the first to tell you that the IRS does not play games. There was nothing I could do to try and settle or get them to drop the penalties. Don't frick with the IRS!

[mriguy]

Originally Posted by Duck Butter

I made a mistake (an honest mistake) on my taxes one year and I am not a big baller by any means and they came after me. Long story short: fell from treestand, broke pelvis, owed $40k in medical bills due to no insurance at the time because I thought paying for health insurance was crazy for someone my age. I was able to settle for $10k and never thought anything of it. This was in 2006 I believe. Everything going fine until 2010, I got a letter from IRS stating I owed $8k in back taxes and penalties. The reason was that the $30k was taxable and I didn't report it, didn't know to report it, after all I had just paid $10k outta pocket for being stupid in a treestand. When I got that letter, it was like someone shot my dog. Let me be the first to tell you that the IRS does not play games. There was nothing I could do to try and settle or get them to drop the penalties. Don't frick with the IRS!

That's f***** up!!!!!!!

[Duck Butter]

Originally Posted by mriguy

That's f***** up!!!!!!!

That was my first thoughts as well The IRS doesn't care about how a mistake happened, you are going to get penalized for it, because it is your fault. It is their job though and I respect them, but man it sure took the wind out my sails

["W"]

Originally Posted by Duck Butter

I made a mistake (an honest mistake) on my taxes one year and I am not a big baller by any means and they came after me. Long story short: fell from treestand, broke pelvis, owed $40k in medical bills due to no insurance at the time because I thought paying for health insurance was crazy for someone my age. I was able to settle for $10k and never thought anything of it. This was in 2006 I believe. Everything going fine until 2010, I got a letter from IRS stating I owed $8k in back taxes and penalties. The reason was that the $30k was taxable and I didn't report it, didn't know to report it, after all I had just paid $10k outta pocket for being stupid in a treestand. When I got that letter, it was like someone shot my dog. Let me be the first to tell you that the IRS does not play games. There was nothing I could do to try and settle or get them to drop the penalties. Don't frick with the IRS!

we have a guy offshore who has been telling people you dont have to pay taxes on your labor
He made his company take little as possiable out of his check, a said he will turn in his w-2 and not pay any taxes

I popped a bag of popcorn and said!! Ill watch you beat the IRS!!

[Duck Butter]

Originally Posted by "W"

we have a guy offshore who has been telling people you dont have to pay taxes on your labor
He made his company take little as possiable out of his check, a said he will turn in his w-2 and not pay any taxes

I popped a bag of popcorn and said!! Ill watch you beat the IRS!!

May not get him this year or next but they WILL get him. Its one thing to make an honest mistake but to do it intentionally that guy has some cojones or is just not right in the head.