who else forgot to file taxes....... (in Off-topic)
April 14 2005 10:22 PM EDT
going to be a late night tonight...darn feds messing with my cb time..whats the world coming too?
/me already got his refund back from the feds and 2 states.
Oh, wait did i answer the wrong question again?
April 15 2005 1:08 AM EDT
I didn't have to file taxes this year, working for cash rules...
I owed exactly one dollar this year.
ahh the joys of being in high school and not having to worry about taxes...
Best be careful about that Reebok. A friend of mine got busted last year for that, and is paying something like 10k a year for the next several years in back taxes and fines.
got 1200 back and 500 of that was just school stuff :)
April 15 2005 1:17 AM EDT
good ole extension from the CPA ...., I have never filed on time, except for my first time but that does not count
April 15 2005 2:00 AM EDT
$35,000 owed. Owch.
April 15 2005 2:18 AM EDT
get a new CPA!
April 15 2005 2:27 AM EDT
Or get one in the first place. :D 2005's going to be even worse with the contract I just landed...
Dumped a $30 deduction and now I can e-file!!!
/me does the Special Ed Happy Dance "Yay!!!!!"
Missed a BoNE in the shop while dancing..."Boo".
April 15 2005 3:42 AM EDT
Pizza delivery = under table.
They can bust me.... but they'd have to bust the whole industry...
Approxmetly 11% of workers in the United States are payed under the table. Of that 7% or so are here illegally.
Heard that on like CNN or somethin the other night.
But I love my mexicans.
Those numbers sound accurate Undrtow, but keep in mind that the IRS was massively understaffed in the 90's, which led to most infractions like that being overlooked. Starting in 2000, the IRS did a massive hiring and started focusing on cracking down on people who fail to pay taxes. A couple of months ago there was a big story about how they finally worked out the last deals for one of the worst tax shelters in the 90's, and their renewed focus on catching people who do not file their taxes.
I know some people who are paid under the table, kinda makes me upset, but when I think about it more, the people who work under the table are the ones getting ripped off. If you aren't a documented worker, you won't qualify for unemployment if you ever leave that job, you don't get the benefits of working within the L&I system if you are injured. And plus, you get the added bonus of having a looming threat of government intervention if someone finds out.
I'm pretty sure there are a lot more things, but those are the big ones I can think of.
Don't forget that, if you don't file an income for enough years, you will not qualify for social security when you retire. My mother-in-law is a stay-at-home hermit, but needs to find 3 more years of work to qualify for her social security retirement benefits.
Ahh well, its okay, they are 'beating the system'. So, I guess let them have their joy, it's only their future they are messing with.
April 15 2005 1:26 PM EDT
April 15 2005 1:39 PM EDT
w00t w00t for a refund that's coming to me of a net of $200. I owed something like $30 and my refund it $236. Not to mention I'm in the running for an awesome summer job! I'm SO in the money for the first time in too many months. =D
lol, reebok, saying you work for cash, and your acct picture is a mary-jane leaf, that doesn't look good....lol.
I use the new forum style, and right next to you saying that is the leaf picture...lol.
Could've sworn bud had 7 leaves
April 16 2005 1:09 PM EDT
You really need a CPA, asap.
What you should have done is pay the 35K, and file for an extension, then get a CPA to help you out. There is no reason to pay that much in taxes usually. A CPA would have perfect and legit deductions you may have missed.
Since you [probably] already filed, you should find a CPA and have them go through your stuff, and refile an amended return.
You dont need a CPA to do your accounting, I only see mine twice a year, to drop off my stuff for taxes, and to pick it up.
April 16 2005 5:16 PM EDT
Yah, I don't pay taxes, however, I'm not FOND of that fact. I just love my job. I've been fighting to get payed over the table for awhile.
I can't verify income, that's my biggest problem. Can't get a car, or an appartment, or anything. I walk in, and beg "I make money, for the love of god, I make money!!!" but they don't believe me.
I've been looking into what it takes to file as an idependant contractor, but I don't know if that screws with my boss. I dont' want to raise any crud with him, he's a really nice guy and he's helped me a lot.
April 16 2005 6:41 PM EDT
You dont have to tell anyone where you are getting your money from. You just make money as a consultant [or whatever] , and pay your taxes on it, all of a sudden you have documented income as beign self employed, and you can start to look for deductions to pay less taxes. [and a good CPA can help you fudge your numbers a bit to qualify you for the nicer car, wink].
You wont have to tell anyone whoyou are getting money from, its the ohter way around, they are supposed to tell the feds they gave you money, and you were not an employee . The feds dont know if you worked at one place and made $50k or worked at 84 places and made $599 at each place [84*599=~50k]. 1099's are for over $600.
April 16 2005 6:56 PM EDT
I probably don't get nearly clever enough with my deductions. That's good advice I'll certainly follow for the next year around. Thanks man. :D
This thread is closed to new posts.
However, you are welcome to reference it
from a new thread; link this with the html
<a href="/bboard/q-and-a-fetch-msg.tcl?msg_id=001I9p">who else forgot to file taxes.......</a>