Taxes!

Message Bookmarked
Bookmark Removed
Looks like today not much is happening with my crew, so I'm going to settle in, since I've got all my receipts and forms and things, and figure out what I owe. Already did a basic calculation for deductions, so I'm going to go through that again fine tooth comb-wise and make sure it's all looking right, then total it all up. Tres boring, but It Must Be Done. And what joy to think of how much money will be used to keep killing people in the name of freedom from terrorism, too!

Ned Raggett, Sunday, 3 February 2002 01:00 (twenty-three years ago)

So who waits until the last minute? Who has someone else do it for them? Do any Americans actually donate to the election campaign thing? Do any try and pay down the debt? Blah blah blah...

Ned Raggett, Sunday, 3 February 2002 01:00 (twenty-three years ago)

Accountant. Get one, if your tax situation is the least bit complicated. They _always_ save you money. Sometimes a _lot_.

Douglas, Sunday, 3 February 2002 01:00 (twenty-three years ago)

I've done my own deductions for a couple of years now and I'll second Douglas' general advice -- if you don't/can't take the time to sit down and plow through all your receipts (I always keep mine reasonably organized), get somebody to do it for you. My withholding has always been pretty good for my main job, and I would usually get a refund, but my freelance AMG work eats into that to an extent since taxes aren't withheld there. But with itemized deductions applied, it all comes out very balanced, *much* more so than if the standard deduction was taken.

Ned Raggett, Sunday, 3 February 2002 01:00 (twenty-three years ago)

wanna be my accountant, ned?

chaki, Sunday, 3 February 2002 01:00 (twenty-three years ago)

Once per year is enough for me. ;-)

Ned Raggett, Sunday, 3 February 2002 01:00 (twenty-three years ago)

I realized I needed an accountant when my calculations had me in the red a couple of bucks, and HIS calculations threw me a few hundred in the black. I don't know how he did it, but I'm mighty glad.

That said, would the assmonkeys I freelanced for PLEASE get their W2s in my mailbox now? Y'know, so I don't have to push the deadline envelope?

David Raposa, Monday, 4 February 2002 01:00 (twenty-three years ago)

I gotta an uncle thata lives ina taxes.

richard john gillanders, Monday, 4 February 2002 01:00 (twenty-three years ago)

i also get an accoutant , one at davids firm who i swear makes more in the three or four months of tax season freel ancing then anywhere else

anthony, Monday, 4 February 2002 01:00 (twenty-three years ago)

Fuck, I just phone it in on April 14, and mail my check in at midnight (I always owe). Time is money, as far as I'm concerned, and I'm giving the IRS as little of it as possible.

Kerry, Monday, 4 February 2002 01:00 (twenty-three years ago)

HOW DO YOU GET AN ACCOUNTANT TO DO IT? H AND R BLOCK?

Mike Hanle y, Monday, 4 February 2002 01:00 (twenty-three years ago)

would the assmonkeys I freelanced for PLEASE get their W2s in my mailbox now?

W2s? How interesting, I usually get 1099-MISC.

Ned Raggett, Monday, 4 February 2002 01:00 (twenty-three years ago)

I've never understood the whole american tax thing, you're not all self employed are you? doesn't it just come out of your wages every month?

CarsmileSteve, Monday, 4 February 2002 01:00 (twenty-three years ago)

It does indeed for me, and for many others. It's not exact, though, more like a general withdrawal based on your earnings then fine-tuned after the tax year ends when prepping up your return. For instance, if I were only working my regular job, I'd usually be due a small refund because we're set up here so that the automatic withdrawals, if you've reported your status correctly, cover your taxes and then some. Then as mentioned there's that income where taxes aren't immediately removed, which is the case with my AMG work. Then you factor in itemized deductions on top of that, if not standard, and etc. etc. And this is just me with a relatively simple setup of being a single person -- add on dependents, family situation, if I owned a house, if I had other investments, etc. and things get even more complicated.

Ned Raggett, Monday, 4 February 2002 01:00 (twenty-three years ago)

blimey...

CarsmileSteve, Monday, 4 February 2002 01:00 (twenty-three years ago)

ANSWER MY QUESTION IMMEDIATELY!!!!!!!!!!!!!!!!

Mike Hanle y, Monday, 4 February 2002 01:00 (twenty-three years ago)

H & R Block, sure. You could also dig up software from e-file, I guess.

Ned Raggett, Monday, 4 February 2002 01:00 (twenty-three years ago)

two years pass...
Fuck you taxes, you are a bitch.
Fuck you, TurboTax Online, who, despite my saving and quitting, always pops be back a few redundant steps when I re-log on.
\Fuck you marriage penalty which only went away for people who make way less money than me!
Also, fuck me for delaying the adjustment of our withholdings this year meaning we'll almost certainly owe again next year. This used to be FUN when I was single, I always got loads back. No more!

anthony kyle monday (akmonday), Wednesday, 14 April 2004 15:39 (twenty-one years ago)

gotta pay the piper if you over-withhold (which i do ... and i do pay).

Eisbär (llamasfur), Thursday, 15 April 2004 01:38 (twenty-one years ago)

Ugh. Just finished writing a variety of checks to various governmental authorities, one of which was healthily into four figures. That'll teach me to do freelance book projects.

Taxes suck, but I like to think that my check is earmarked for non-killing government stuff like NASA telescopes or NEA grants or the OSHA for Kids web site.

m.e.a. (m.e.a.), Thursday, 15 April 2004 02:26 (twenty-one years ago)

I'm getting a total of $1,500 in refunds. Hate me now.

Michael Daddino (epicharmus), Thursday, 15 April 2004 02:27 (twenty-one years ago)

I will, thank you (as I owed a bit myself, but not too much thankfully).

Ned Raggett (Ned), Thursday, 15 April 2004 02:29 (twenty-one years ago)

Yeah, I'll hate too, thank you very much.

I'm told that the loan for the house I'm buying is structured in such a way that I can deduct the entirety of my mortgage payments. Something smells very Fat Tony about it, but if true I'm really looking forward to that.

m.e.a. (m.e.a.), Thursday, 15 April 2004 02:33 (twenty-one years ago)

I'm getting a nice refund myself, but don't hate me, as it's pretty much all getting funnelled right towards paying off other debt.

Girolamo Savonarola, Thursday, 15 April 2004 02:39 (twenty-one years ago)

I'm getting a pretty nice refund, although I think I missed out on some deductions I could have made and wasn't QUITE sure about some of the things I did deduct. I won't be able to spend it on anything fun anyway.

Jordan (Jordan), Thursday, 15 April 2004 02:40 (twenty-one years ago)

I won't hate you Girolamo since, according to the other thread, you are supposed to be dead.

Ned Raggett (Ned), Thursday, 15 April 2004 02:41 (twenty-one years ago)

My refund is better than your refund

gabbneb (gabbneb), Thursday, 15 April 2004 02:45 (twenty-one years ago)

There's a death-and-taxes joke in there somewhere, but I'm too busy hatin' on the folks getting refunds to think of one. (xpost)

m.e.a. (m.e.a.), Thursday, 15 April 2004 02:46 (twenty-one years ago)

I got a small refund about a month ago, after filing my taxes about three weeks before that. I've begun to utilize the assistance of the same woman my mother goes to, at an H&R Block place. She is the absolute best and makes the whole process go as smoothly as possible, which is really great because Lord knows there are more than enough headaches one can encounter in one's financial life without even going into the whole "taxes" issue!

Many Coloured Halo (Dee the Lurker), Thursday, 15 April 2004 03:43 (twenty-one years ago)

Gah. All I have to say is, fuck a self-employment tax.

the krza (krza), Thursday, 15 April 2004 04:07 (twenty-one years ago)

I just telefiled for the first time. Easy as pie. But then again, I'm single and only worked one job last year.

jaymc (jaymc), Thursday, 15 April 2004 04:10 (twenty-one years ago)

nine months pass...
I spent all day today going through mounds of receipts from the last five years, to prepare some back taxes. I'm probably gonna owe big time since I didn't file from 2000 on. (I tried to for 2000 but they wanted rent receipts and I didn't have 'em; I wasn't on a lease then. I haven't had one till last February, actually. Should be interesting.) And HOLY FUCK do my hands hurt! Cab receipts are TINY. ALL receipts are tiny, in fact.

I'm trying to get it done by Tuesday so I can just go to my accountant's and be like, "here's the stuff, it's done, go to it." Then I get to watch my hard-earned checking account drain away. Sigh. It'll be worth it to have it behind me, though.

Matos W.K. (M Matos), Sunday, 16 January 2005 10:43 (twenty years ago)

Did 2002 already; the other years are separated out. So I have to go through 2000-1 and 2003 and figure out my total income and deductibles. I'll go to it tomorrow; right now I'm beat (and at the office, where all the paperwork is, eurgh.)

Matos W.K. (M Matos), Sunday, 16 January 2005 10:44 (twenty years ago)

2004 will be done during normal tax time, as w/everyone else.

Matos W.K. (M Matos), Sunday, 16 January 2005 10:44 (twenty years ago)

I finally did my Taxes for the last financial year yesterday. It was a lot easier than I'd built it up to be.

Andrew (enneff), Sunday, 16 January 2005 11:39 (twenty years ago)

yeah, if it weren't for all the damn bits of paper (five frickin' years' worth, ugh) so would mine be.

Matos W.K. (M Matos), Sunday, 16 January 2005 12:16 (twenty years ago)

whoo, that sounds awful matos! Things will be a little worse this year for me than usual because I have to figure my and my husband's taxes separately, then together to see which way is better, but at least I'm fairly certain there's a refund at the end. Back taxes, yuck.

teeny (teeny), Sunday, 16 January 2005 14:26 (twenty years ago)

three weeks pass...
okay, exactly how strict are they about monitoring moving expenses? mine may or may not be work-related, in that i left michigan with one job, then drove to oregon, and eventually got another job.

Kingfish MuffMiner 2049er (Kingfish), Tuesday, 8 February 2005 06:12 (twenty years ago)

one month passes...
Everyone having fun yet? (Calculated mine for feds and state today and essentially have a 'refund' in that the amount I set aside regularly each year to cover things beyond withholding will barely need to be touched, so I'll apply the balance to the Euro trip -- most handy.)

Ned Raggett (Ned), Sunday, 20 March 2005 20:25 (twenty years ago)

oh fuck I have to go to an accountant soon

kyle (akmonday), Sunday, 20 March 2005 23:26 (twenty years ago)

A nice refund this year, for once. My accountant suggested that I use it to make all of this year's quarterly estimated payments in advance and I said "hahahaha... no."

Curious George Finds the Ether Bottle (Rock Hardy), Sunday, 20 March 2005 23:34 (twenty years ago)

ever since i learned they have people who correct your mistakes, i just fill in random numbers and send them all my forms and stuff to "double-check".

jones (actual), Sunday, 20 March 2005 23:37 (twenty years ago)

two weeks pass...
So, yeah. 1099-MISC from City Pages, roughly $2500 in "self-employment" earnings. Do I use Schedule C, Schedule C-EZ or Schedule F (for profit/loss from farming)? Probably not F, of course. But I can't figure out how to use the other two. And then I guess I need Schedule SE on top of it all?!

Nothing was taken from that relatively small amount of profit, but I assume it will absolutely drain any chance I have at a refund. (The last few years have been just under $1K.)

Eric H. (Eric H.), Wednesday, 6 April 2005 20:02 (twenty years ago)

I used turbotax online this year since I had some tricky stuff, I totally loved it. It cost like 50 bucks for the state and federal combined though.

teeny (teeny), Wednesday, 6 April 2005 20:11 (twenty years ago)

oh shit, i should do mine soon.

hstencil (hstencil), Wednesday, 6 April 2005 20:13 (twenty years ago)

GO FUCK YOURSELF STATE OF CALIFORNIA

I can't see how I can possibly owe you two grand. I'm sure there are people who make twice as much as me who don't owe fuck.

kyle (akmonday), Wednesday, 6 April 2005 21:49 (twenty years ago)

FUCK A TAX DAY

kephm, Thursday, 14 April 2005 14:47 (twenty years ago)

Have fun!

Ned Raggett (Ned), Thursday, 14 April 2005 14:58 (twenty years ago)

Argh...

o. nate (onate), Thursday, 14 April 2005 15:02 (twenty years ago)

We owe the same as Kyle. Fucking ridiculous.

Samuel Glickstein (nordicskilla), Thursday, 14 April 2005 15:04 (twenty years ago)

Ime the most common things the IRS catches and sends correction letters on are:
1. Unreported self employment income
2. Investment income that is in your name but a relative deals with the account and you don’t have the paperwork sent to you so you often forget it exists (see also: aging parents)
3. Unemployment income for short periods of time
4. Cashing out a retirement plan or life insurance policy from a former job especially if there was hardly any money in it to begin with
5. A w2 from a job you quit in January that you forgot about and they sent it to an old address

sarahell, Tuesday, 30 April 2024 20:07 (one year ago)

6. Investment income from a stock plan from a company you no longer work for because brokerage firms will often not report the basis of employer stock so when you sell it it shows the cost basis as 0 and it looks like you made a huge profit

sarahell, Tuesday, 30 April 2024 20:09 (one year ago)

The IRS fairly primitive computer system

every year I get a letter from them about 1099s and it's like "Sorry, but the name doesn't match the SSN#" and invariably the name DOES match the actual SSN# but their 1953 scanners read the name and/or SS number wrong

Andy the Grasshopper, Tuesday, 30 April 2024 20:16 (one year ago)

We had an issue where the IRS kept saying we owed money that had already been paid long before. We had the receipts and everything, yet every two to three months we went through the cycle of getting a letter in the mail stating we still owed the money > logging in to see that indeed the payment had been made but was listed as "processing" > waiting on hold for two hours for a rep to confirm we had been paid and no need to worry, the system was just lagging behind due to the pandemic backlog > getting another letter stating we owed the money > rinse and repeat for about 16 months before it was finally resolved.

Maxmillion D. Boosted (jon /via/ chi 2.0), Tuesday, 30 April 2024 21:23 (one year ago)

Ugh … sorry.., I mean I don’t work for the IRS so it’s not my fault but

sarahell, Tuesday, 30 April 2024 22:00 (one year ago)

_The IRS fairly primitive computer system_

every year I get a letter from them about 1099s and it's like "Sorry, but the name doesn't match the SSN#" and invariably the name DOES match the actual SSN# but their 1953 scanners read the name and/or SS number wrong


Do you handwrite them or something??

sarahell, Tuesday, 30 April 2024 22:00 (one year ago)

hey guys did you know I'm so baller that in addition to working my full-time job, I made $14,000 in non-employee compensation from DoorDash in 2022?

Me neither! but the IRS seems to think I did!

RICH BRIAN (Neanderthal), Thursday, 2 May 2024 20:24 (one year ago)

(i'm not actually even stressed, I'm giggling .....clearly someone fucked up)

RICH BRIAN (Neanderthal), Thursday, 2 May 2024 20:25 (one year ago)

i may have questions for this thread as I report this obvious mistake.

RICH BRIAN (Neanderthal), Thursday, 2 May 2024 20:26 (one year ago)

Did someone steal your SSN# or something?

Andy the Grasshopper, Thursday, 2 May 2024 20:27 (one year ago)

i think if someone outright stole it, I'd have noticed before now. but I am checking my credit report just in case.

feel like it's more a case of someone who was keying in an SSN made a one digit error, but who knows.

RICH BRIAN (Neanderthal), Thursday, 2 May 2024 20:32 (one year ago)

apparently this is a thing that has happened to other people though:

https://www.reddit.com/r/IRS/comments/18rk1gu/someone_used_my_wifes_social_for_doordash/

RICH BRIAN (Neanderthal), Thursday, 2 May 2024 20:35 (one year ago)

Yeah, it's not like DoorDash requires you to show the actual SS Card - you can probably tell them any old number

years ago I worked at design firm and we briefly had a contractor from eastern europe.. I kept asking her to complete the W-2 (she claimed her SSN# was 'private') and when she finally handed it back to me, her SSN# was XXX-XX-1234 .. literally 1234 were the last four digits. Huh, what are the chances of that?

Andy the Grasshopper, Thursday, 2 May 2024 20:39 (one year ago)

CONFIRMED - IDENTITY STOLEN.

looked at the transcripts and you can see the address that Doordash had for me is one I've never had in history. this should be a fairly easy process to dispute as I can prove on my own credit report I've never lived there. have set up credit freeze and fraud alert on my account. have all of the forms ready to go.

RICH BRIAN (Neanderthal), Thursday, 2 May 2024 21:58 (one year ago)

shit, that sucks! Nothing with the IRS is ever quick & easy, tho

Andy the Grasshopper, Thursday, 2 May 2024 22:01 (one year ago)

they haven't met a guy with infinite patience to be annoying like me before

RICH BRIAN (Neanderthal), Thursday, 2 May 2024 22:20 (one year ago)

You will end up getting an IP PIN that they will send you each year until you die

sarahell, Thursday, 2 May 2024 22:35 (one year ago)

bleh.

looks like the guy got deactivated eons ago but may have actually been using my DoorDash account. cunning.

FTC report and IRS ID theft report filed electronically, just gotta respond to the CP2000 now.

RICH BRIAN (Neanderthal), Thursday, 2 May 2024 22:38 (one year ago)

jeeeeezus

the talented mr pimply (Alfred, Lord Sotosyn), Thursday, 2 May 2024 23:11 (one year ago)

Doordash replied with what seems like a form letter to indicate yes it was fraud and they deactivated the account. apparently this happens so much at their great, well-run company that they already have a template for it.

welp that'll make my claim with IRS easier.

RICH BRIAN (Neanderthal), Friday, 3 May 2024 20:54 (one year ago)

Tempted to post in the No Way NYT thread about the morning newsletter that gets a basic analysis of the 2017 TCJA wrong in terms of homeownership deductions… but people would probably be annoyed/disappointed by the banality of my no way

sarahell, Monday, 13 May 2024 15:49 (one year ago)

Still no refund. Anticipating full fucking audit and utter financial ruin.

butt dumb tight my boners got boners (the table is the table), Monday, 13 May 2024 15:50 (one year ago)

I seriously doubt that, T … re audit

sarahell, Monday, 13 May 2024 17:02 (one year ago)

Though I totally understand the anxiety… I remember when I got cited for having “borrowed” registration tags on my car and I had convinced myself that I was going to be sentenced to jail or picking up garbage on the freeway in a yellow vest … I ended up with a $250 fine and that’s it

sarahell, Monday, 13 May 2024 17:05 (one year ago)

six months pass...

My tax preparer is a Republican (they're hard to avoid around here), and we've tacitly agreed to avoid politics when I meet with him every year. I asked him if there were any tax credits for our new heat pump, and got in a dig at red states that dragged their feet about implementation of the Inflation Reduction Act, hoping for a Trump win so they wouldn't have to do anything at all. He sent me an info sheet with a list of tax credits, seemingly not specifically tied to the IRA, and said I'd qualify for the $600 for a new AC. I said "what about the $2K further down the page that specifically refers to heat pumps?" He said "oh gosh you're right!" I think I need a new tax person.

WmC, Wednesday, 13 November 2024 16:42 (seven months ago)

I don’t use ILX to solicit clients but if you want to DM me about it…

sarahell, Wednesday, 13 November 2024 16:55 (seven months ago)

two months pass...

Huzzah. (Everything is ready, I just need one more form, and it sure would be nice to get that one more form, he said generally to the universe.)

Ned Raggett, Wednesday, 29 January 2025 21:08 (five months ago)

Man there’s stuff I don’t get until well into February

Dialysis Den (Boring, Maryland), Wednesday, 29 January 2025 21:15 (five months ago)

Thought the bump would be with the deadline looming here in the UK.

brain (krakow), Wednesday, 29 January 2025 22:57 (five months ago)

two months pass...

Balls

trm (tombotomod), Wednesday, 2 April 2025 18:18 (three months ago)

The Doge kids approved my refund, so that’s one less thing to worry about.

Crack's Addition (Boring, Maryland), Wednesday, 2 April 2025 18:39 (three months ago)

Gotta pay the man this year. (Last year was weird income-wise and I misunderestimated my estimated payments.) Wonder what happens if I don't ...

jk jk but for real who will even notice?

paper plans (tipsy mothra), Wednesday, 2 April 2025 18:45 (three months ago)

I've wondered that myself. I decided last year to stop claiming a business loss on my old freelance work in 2025, but I think I could go along for a few more years with doge's blessing.

I think we're all Bezos on this bus (WmC), Wednesday, 2 April 2025 20:32 (three months ago)

i’ve had a refund in the mail to me for about a month now.

Tracer Hand, Wednesday, 2 April 2025 21:12 (three months ago)

not looking forward to this

sleeve, Wednesday, 2 April 2025 21:16 (three months ago)

Having to tell people they owe money to corrupt fascists is unpleasant.

sarahell, Thursday, 3 April 2025 15:10 (three months ago)

Olson discussed the impact of the cuts during a March 24 appearance on C-SPAN’s Washington Journal, where she said that between layoffs and buyouts, up to 50% of the IRS’s staff could eventually be cut. She explained that taxpayers must work with the IRS well beyond tax season and that the staffing cuts will make it difficult to get through to anyone on the phone to resolve their problems or have their correspondence processed in a timely manner. With the IRS’s move toward automation, more taxpayers will receive automatic notices but won’t be able to contact a person working for the agency to resolve them, she said.

sarahell, Thursday, 3 April 2025 20:26 (three months ago)

Wonder what happens if I don't ...

jk jk but for real who will even notice?

― paper plans (tipsy mothra), Wednesday, April 2, 2025 2:45 PM (yesterday)

i had a tax mishap w/ an old account over covid where my payment wasn't sent and honestly nothing really happens you just get a letter one day saying you owe money from an old return

slob wizard (J0rdan S.), Thursday, 3 April 2025 20:39 (three months ago)

There’s stuff that’s automated like if what they have on file indicates that you owe but you haven’t paid… so they will notice, because it’s easy to automate… there are other things that automation doesn’t catch and can go unnoticed/unenforced …

Basically you get a letter saying you owe … then, if you don’t pay, you get another letter… they add penalties and interest… if you still don’t pay (or amend the return), you will get a letter saying they are imposing a lien. If you are due a refund in a future year, they will likely take it to pay the balance due. They can also garnish wages, and levy bank accounts…

sarahell, Thursday, 3 April 2025 20:56 (three months ago)

Your refund was mailed on March 07, 2025. For information about how to file a claim because you have not received your refund check, please read the information below.

If you did not receive a check, or it was lost, stolen, or destroyed, you may file a claim if you know your current address.

Tracer Hand, Thursday, 10 April 2025 11:25 (two months ago)

fml

Tracer Hand, Thursday, 10 April 2025 11:25 (two months ago)

Oh no

trm (tombotomod), Thursday, 10 April 2025 12:13 (two months ago)

No direct deposit for you?

Crack's Addition (Boring, Maryland), Thursday, 10 April 2025 12:57 (two months ago)

I don’t have a US bank account. tbf the letter is being mailed internationally but even so..

Tracer Hand, Thursday, 10 April 2025 13:09 (two months ago)

We had some useless accountants do our taxes a couple years ago and for whatever reason they had our refund mailed to us instead of direct depositing it. Some dummy intercepted the letter from IRS, endorsed the check IN HIS OWN NAME, and we had to jump through all sorts of hoops to get the IRS to send us a replacement. It was a huge refund too!

trm (tombotomod), Thursday, 10 April 2025 15:32 (two months ago)

Did they have your bank info? Did you specifically request direct deposit? … Not to get into the minutiae of tax software defaults and legal requirements for the practice … but, in general, clients tend to assume accountants have psychic powers and access to special databases that they absolutely do not.

sarahell, Thursday, 10 April 2025 16:11 (two months ago)

They had it direct deposited to us the year before! And they didn’t even ask our preference the year this happened. We fired them and I just do my own taxes now.

trm (tombotomod), Thursday, 10 April 2025 16:13 (two months ago)

But you just assumed that it would be the same? … Dude … no. Maybe they sucked in other ways, but confirming check vs direct deposit is your responsibility as the client.

sarahell, Thursday, 10 April 2025 16:19 (two months ago)

OK

trm (tombotomod), Thursday, 10 April 2025 16:20 (two months ago)

Like imagine if you changed banks at some point in the past year and they just had the refund direct deposited to the same account? … You would probably have ended up getting a check tbh.

sarahell, Thursday, 10 April 2025 16:22 (two months ago)


You must be logged in to post. Please either login here, or if you are not registered, you may register here.