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 years ago) link
― Girolamo Savonarola, Thursday, 15 April 2004 02:39 (twenty years ago) link
― Jordan (Jordan), Thursday, 15 April 2004 02:40 (twenty years ago) link
― Ned Raggett (Ned), Thursday, 15 April 2004 02:41 (twenty years ago) link
― gabbneb (gabbneb), Thursday, 15 April 2004 02:45 (twenty years ago) link
― m.e.a. (m.e.a.), Thursday, 15 April 2004 02:46 (twenty years ago) link
― Many Coloured Halo (Dee the Lurker), Thursday, 15 April 2004 03:43 (twenty years ago) link
― the krza (krza), Thursday, 15 April 2004 04:07 (twenty years ago) link
― jaymc (jaymc), Thursday, 15 April 2004 04:10 (twenty years ago) link
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 (nineteen years ago) link
― Matos W.K. (M Matos), Sunday, 16 January 2005 10:44 (nineteen years ago) link
― Andrew (enneff), Sunday, 16 January 2005 11:39 (nineteen years ago) link
― Matos W.K. (M Matos), Sunday, 16 January 2005 12:16 (nineteen years ago) link
― teeny (teeny), Sunday, 16 January 2005 14:26 (nineteen years ago) link
― Kingfish MuffMiner 2049er (Kingfish), Tuesday, 8 February 2005 06:12 (nineteen years ago) link
― Ned Raggett (Ned), Sunday, 20 March 2005 20:25 (nineteen years ago) link
― kyle (akmonday), Sunday, 20 March 2005 23:26 (nineteen years ago) link
― Curious George Finds the Ether Bottle (Rock Hardy), Sunday, 20 March 2005 23:34 (nineteen years ago) link
― jones (actual), Sunday, 20 March 2005 23:37 (nineteen years ago) link
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 (nineteen years ago) link
― teeny (teeny), Wednesday, 6 April 2005 20:11 (nineteen years ago) link
― hstencil (hstencil), Wednesday, 6 April 2005 20:13 (nineteen years ago) link
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 (nineteen years ago) link
― kephm, Thursday, 14 April 2005 14:47 (nineteen years ago) link
― Ned Raggett (Ned), Thursday, 14 April 2005 14:58 (nineteen years ago) link
― o. nate (onate), Thursday, 14 April 2005 15:02 (nineteen years ago) link
― Samuel Glickstein (nordicskilla), Thursday, 14 April 2005 15:04 (nineteen years ago) link
I r queen of last minute taxes.
― luna (luna.c), Thursday, 14 April 2005 15:09 (nineteen years ago) link
― Alex in SF (Alex in SF), Thursday, 14 April 2005 15:12 (nineteen years ago) link
― Ned Raggett (Ned), Thursday, 14 April 2005 15:13 (nineteen years ago) link
― Samuel Glickstein (nordicskilla), Thursday, 14 April 2005 15:27 (nineteen years ago) link
― kephm, Thursday, 14 April 2005 15:46 (nineteen years ago) link
suckahs :-P
― Eisbär (llamasfur), Thursday, 14 April 2005 16:14 (nineteen years ago) link
― Alex in SF (Alex in SF), Thursday, 14 April 2005 16:18 (nineteen years ago) link
― jody the country girl doll (Jody Beth Rosen), Thursday, 14 April 2005 16:24 (nineteen years ago) link
― Mary (Mary), Thursday, 14 April 2005 17:49 (nineteen years ago) link
― Eric von H. (Eric H.), Thursday, 14 April 2005 17:52 (nineteen years ago) link
― M. White (Miguelito), Thursday, 14 April 2005 17:55 (nineteen years ago) link
― Eisbär (llamasfur), Thursday, 14 April 2005 17:59 (nineteen years ago) link
― Mary (Mary), Thursday, 14 April 2005 18:08 (nineteen years ago) link
― kephm, Thursday, 14 April 2005 18:13 (nineteen years ago) link
― Jordan (Jordan), Thursday, 14 April 2005 18:14 (nineteen years ago) link
xpost
― kephm, Thursday, 14 April 2005 18:14 (nineteen years ago) link
― AaronK (AaronK), Thursday, 14 April 2005 18:23 (nineteen years ago) link
― teeny (teeny), Thursday, 14 April 2005 18:27 (nineteen years ago) link
― Mary (Mary), Thursday, 14 April 2005 18:29 (nineteen years ago) link
anyway, you wind up owing money this way:
if you're married, and you mark "married filing jointly" on your withholding forms at work, they withhold LESS money from your check than they would if you marked "single." this is because the tax system (wrongly, in almost all cases) assumes that if you're married and filing jointly, you're supporting your wife. If both people are working, you have to go through the two-earner, two job worksheet to find out what the difference is b/w what they'll withhold and how much taxes you will actually owe. This is almost always short though for some reason. (note: this is all only true for Federal. State, which is what I owe, doesn't bother to give you a nice worksheet to figure this out. They just say "fuck you", give you no tools to find out how much you owe, and then charge you when you're short. This is called "California is broke and squeezing you for money, bitches.").
If your income fluctuates from month to month because of overtime or bonuses or something, then God help you.
Being married sucks for taxes because of this, and also, this: say you make 70k. Say your spouse make 40k. If you're single, you pay the tax rate for someone making 70k, and your spouse would pay the rate for someone making 40k. But if you're married, you pay the rate for ONE income making 110k. Which is a higher percentage than the others. This means you pay more taxes when you're married than single people making the same money. This is called the marriage penalty and everyone thinks that they got rid of it last year. They did, but only for very low income people. The rest of the country (ie: the middle class) gets fucked.
― kyle (akmonday), Thursday, 14 April 2005 18:58 (nineteen years ago) link
― kyle (akmonday), Thursday, 14 April 2005 19:03 (nineteen years ago) link
― The Ghost of Dan Perry (Dan Perry), Thursday, 14 April 2005 19:38 (nineteen years ago) link
https://www.youtube.com/watch?v=l_YMrHssFXo
― Andy the Grasshopper, Tuesday, 30 April 2024 16:57 (four months ago) link
that’s what i used too
― butt dumb tight my boners got boners (the table is the table), Tuesday, 30 April 2024 17:27 (four months ago) link
Full scale audits are too expensive to impose them on us little people.
― sarahell, Tuesday, 30 April 2024 19:48 (four months ago) link
So … the things that could happen that not getting your refund in 3 weeks could indicate:1. It might show up next week because of their processing cycle.2. The IRS thinks there was a mistake:2a. The IRS fairly primitive computer system matches what you report on your tax return to what others have reported as having been paid to you or received from you. 2b. The IRS rarely gaf if you fail to report student loan interest paid or take a deduction for mortgage interest… so usually it’s an income side mismatch.2c. If you failed to report income of a type they have on record that you received or if you reported less than what they have on record that you received, they will most likely send you a correction letter.3. This is a classic pass-agg document that says “you said this” … “however we think you should have said that. If you disagree, file an amended return or contact us, otherwise we will assume we are right and you owe us money.” The document will also come with instructions how to pay them what they think you owe.4. Sometimes they are wrong. 5. Unless you agree with their corrections, it’s often best to file an amended return because there are potential deductions in relation to the income that the IRS is not going to calculate for you.
― sarahell, Tuesday, 30 April 2024 20:01 (four months ago) link
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 (four months ago) link
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 (four months ago) link
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 (four months ago) link
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 (four months ago) link
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 (four months ago) link
_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
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 (four months ago) link
(i'm not actually even stressed, I'm giggling .....clearly someone fucked up)
― RICH BRIAN (Neanderthal), Thursday, 2 May 2024 20:25 (four months ago) link
i may have questions for this thread as I report this obvious mistake.
― RICH BRIAN (Neanderthal), Thursday, 2 May 2024 20:26 (four months ago) link
Did someone steal your SSN# or something?
― Andy the Grasshopper, Thursday, 2 May 2024 20:27 (four months ago) link
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 (four months ago) link
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 (four months ago) link
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 (four months ago) link
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 (four months ago) link
shit, that sucks! Nothing with the IRS is ever quick & easy, tho
― Andy the Grasshopper, Thursday, 2 May 2024 22:01 (four months ago) link
they haven't met a guy with infinite patience to be annoying like me before
― RICH BRIAN (Neanderthal), Thursday, 2 May 2024 22:20 (four months ago) link
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 (four months ago) link
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 (four months ago) link
jeeeeezus
― the talented mr pimply (Alfred, Lord Sotosyn), Thursday, 2 May 2024 23:11 (four months ago) link
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 (four months ago) link
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 (four months ago) link
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 (four months ago) link
I seriously doubt that, T … re audit
― sarahell, Monday, 13 May 2024 17:02 (four months ago) link
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 (four months ago) link