Tax Season

NTP66
Posts: 35405
Joined: Sun Oct 04, 2015 2:00 pm
Location: FUCΚ! Even in the future nothing works.

Tax Season

Postby NTP66 » Tue Apr 17, 2018 12:11 pm

Source of the post If i had multiple heirs I would have a will, and a policy that funds the estate during the early part of administering the estate.
We only have one, but I still wanted a will and trust so that as much as possible would already be taken care of.

MrKennethTKangaroo
Posts: 8357
Joined: Sat Mar 28, 2015 3:50 pm

Tax Season

Postby MrKennethTKangaroo » Mon Oct 15, 2018 9:56 pm

What do accountants due from May - December
Not going to name names, but a certain, unnamed CPA is preparing his tax return on 9:52 on October 15 :? :? :face:

willeyeam
Posts: 21851
Joined: Wed Mar 25, 2015 12:49 pm
Location: Sticky Boy

Tax Season

Postby willeyeam » Mon Oct 15, 2018 10:04 pm

Bro

mikey
Posts: 29509
Joined: Thu Mar 26, 2015 10:58 pm
Location: More of a before-rehab friend...
Contact:

Tax Season

Postby mikey » Tue Oct 16, 2018 7:30 am

I just did my 2017 taxes last night too...2016 are still not quite done yet...I am developing a very spotty track record with the IRS...

mamaemeritus
Posts: 785
Joined: Sun Jun 14, 2015 12:54 pm
Location: The walls are closing in on me

Tax Season

Postby mamaemeritus » Tue Oct 16, 2018 8:51 pm

F that. Mine get done as soon as I have my stuff. This usually ends up working out nicely, since all of my clients wait til the last. damn. minute. EVERY YEAR.

dodint
Posts: 43557
Joined: Wed Mar 25, 2015 1:39 pm
Location: Engaging in sarcastic, unproductive wonder.
Contact:

Tax Season

Postby dodint » Mon Apr 08, 2019 12:35 pm

I forgot that PA is the only state I've lived in that has municipal taxes. I have to cut a several hundred dollar check to Shaler, whom I already give hundreds of dollars a month in property taxes. Lame.

count2infinity
Posts: 26161
Joined: Tue Mar 24, 2015 2:06 pm
Location: All things must pass. With six you get eggroll. No matter how thin you slice it, it's still baloney.
Contact:

Tax Season

Postby count2infinity » Mon Apr 08, 2019 12:40 pm

Owed over 2k last year, got $800 back this year. Thanks, Trump!!!
i actually have no idea if his stuff had an effect on us. We changed our withholdings and had a kid who is in daycare. So all that combined made a return rather than owing.

mac5155
Posts: 8347
Joined: Wed Mar 25, 2015 12:47 pm

Tax Season

Postby mac5155 » Mon Apr 08, 2019 2:04 pm

I do think the kid thing probably helped. I got a lot more this year than last.

MrKennethTKangaroo
Posts: 8357
Joined: Sat Mar 28, 2015 3:50 pm

Tax Season

Postby MrKennethTKangaroo » Mon Apr 08, 2019 2:17 pm

Owed over 2k last year, got $800 back this year. Thanks, Trump!!!
i actually have no idea if his stuff had an effect on us. We changed our withholdings and had a kid who is in daycare. So all that combined made a return rather than owing.
did you actually look at the line on your tax return that says TOTAL TAX and compared it to last year

it is a pet peeve when people talk strictly about refund and not about actual liability. I get that refunds have a strong mental influence, but come on people.

Beveridge
Posts: 3099
Joined: Wed Mar 25, 2015 6:17 pm
Location: Punxsutawney

Tax Season

Postby Beveridge » Mon Apr 08, 2019 2:24 pm

it is a pet peeve when people talk strictly about refund and not about actual liability.
That bugs me too. I still do returns for some family members now that I'm out of the tax business, and I made sure to print them a comparison page that showed tax line and effective tax rate. I got to use it for every single person because the first comment out of their mouth was "why did my refund go down and not up?".

CBear3
Posts: 5401
Joined: Fri Mar 27, 2015 10:02 pm
Location: KC, MO

Tax Season

Postby CBear3 » Mon Apr 08, 2019 2:27 pm

Wife's first full year at her new job after a $15k raise, I moved jobs and left my $18k 401k loan on the hook as a distribution, so my taxes doubled from $8k to $16k. How much did I plan? Not close to enough. Tax payment plan here I come.

dodint
Posts: 43557
Joined: Wed Mar 25, 2015 1:39 pm
Location: Engaging in sarcastic, unproductive wonder.
Contact:

Tax Season

Postby dodint » Mon Apr 08, 2019 2:33 pm

My sister did me a big favor. She's an accountant who works for a firm. She offered to do our taxes when we ran into heavy liability due to the 1099-R from my wife's inheritance. We set aside the money to pay the tax so it wasn't a big deal from that perspective, but my sister did the research and found out that type of disbursement is not taxable in PA even though TurboTax and every other source I could find had us on the hook for it. Very cool, went from owing $5,000+ to getting $160 back from PA. Very nice.

Lemon Berry Lobster
Posts: 12694
Joined: Fri May 22, 2015 3:13 pm
Location: dodint is a millennial

Tax Season

Postby Lemon Berry Lobster » Mon Apr 08, 2019 2:36 pm

Lit

count2infinity
Posts: 26161
Joined: Tue Mar 24, 2015 2:06 pm
Location: All things must pass. With six you get eggroll. No matter how thin you slice it, it's still baloney.
Contact:

Tax Season

Postby count2infinity » Mon Apr 08, 2019 2:39 pm

Owed over 2k last year, got $800 back this year. Thanks, Trump!!!
i actually have no idea if his stuff had an effect on us. We changed our withholdings and had a kid who is in daycare. So all that combined made a return rather than owing.
did you actually look at the line on your tax return that says TOTAL TAX and compared it to last year

it is a pet peeve when people talk strictly about refund and not about actual liability. I get that refunds have a strong mental influence, but come on people.
I did. Stayed about the same. I just paid slightly more through the year and had a kid which resulted in a return instead of owing.

mikey
Posts: 29509
Joined: Thu Mar 26, 2015 10:58 pm
Location: More of a before-rehab friend...
Contact:

Tax Season

Postby mikey » Mon Apr 08, 2019 2:42 pm

Still fighting the IRS over my 2016 return...so I'll probably file an extension again this year...

mac5155
Posts: 8347
Joined: Wed Mar 25, 2015 12:47 pm

Tax Season

Postby mac5155 » Mon Apr 08, 2019 2:49 pm

it is a pet peeve when people talk strictly about refund and not about actual liability.
That bugs me too. I still do returns for some family members now that I'm out of the tax business, and I made sure to print them a comparison page that showed tax line and effective tax rate. I got to use it for every single person because the first comment out of their mouth was "why did my refund go down and not up?".
My tax bill was $6,367 less this year than last. Guess that explains the ~$4k increase in 'return'. Amount paid was within $100 each year.

I don't know how (or why) it would've gone down other than the standard deduction change + child tax credit. Which would be about $5k I guess.

willeyeam
Posts: 21851
Joined: Wed Mar 25, 2015 12:49 pm
Location: Sticky Boy

Tax Season

Postby willeyeam » Mon Apr 15, 2019 9:48 am

Image

MrKennethTKangaroo
Posts: 8357
Joined: Sat Mar 28, 2015 3:50 pm

Tax Season

Postby MrKennethTKangaroo » Mon Apr 15, 2019 10:02 am

did you culturally appropriate my use of today was a good day as the official april 15th end of tax season theme

willeyeam
Posts: 21851
Joined: Wed Mar 25, 2015 12:49 pm
Location: Sticky Boy

Tax Season

Postby willeyeam » Mon Apr 15, 2019 10:09 am

did you culturally appropriate my use of today was a good day as the official april 15th end of tax season theme
Why yes I have

dodint
Posts: 43557
Joined: Wed Mar 25, 2015 1:39 pm
Location: Engaging in sarcastic, unproductive wonder.
Contact:

Tax Season

Postby dodint » Mon Apr 15, 2019 10:14 am

My wife just left with four envelopes to be mailed. Doing my MILs last tax return with one pay period on it was a bigger headache than my own taxes.

MrKennethTKangaroo
Posts: 8357
Joined: Sat Mar 28, 2015 3:50 pm

Tax Season

Postby MrKennethTKangaroo » Mon Apr 15, 2019 10:39 am

did you culturally appropriate my use of today was a good day as the official april 15th end of tax season theme
Why yes I have
my man

Factorial
Posts: 8922
Joined: Wed Mar 25, 2015 1:03 pm

Tax Season

Postby Factorial » Mon Apr 15, 2019 10:53 am

Oh look, second year in a row I owe $695 to the government because I didn't have health insurance.
Do they still make you pay this?

Lemon Berry Lobster
Posts: 12694
Joined: Fri May 22, 2015 3:13 pm
Location: dodint is a millennial

Tax Season

Postby Lemon Berry Lobster » Mon Apr 15, 2019 11:01 am

Oh look, second year in a row I owe $695 to the government because I didn't have health insurance.
Do they still make you pay this?
I had insurance this year, otherwise I would have had to. The lady that did my taxes said this will be the last year they are able to fine you.

Factorial
Posts: 8922
Joined: Wed Mar 25, 2015 1:03 pm

Tax Season

Postby Factorial » Mon Apr 15, 2019 11:24 am

Oh look, second year in a row I owe $695 to the government because I didn't have health insurance.
Do they still make you pay this?
I had insurance this year, otherwise I would have had to. The lady that did my taxes said this will be the last year they are able to fine you.
It will probably be back in 2020 if Trump used an executive order to get rid of it.

NTP66
Posts: 35405
Joined: Sun Oct 04, 2015 2:00 pm
Location: FUCΚ! Even in the future nothing works.

Tax Season

Postby NTP66 » Mon Apr 15, 2019 11:25 am

Doubtful. I'm told that we're going to be getting the best healthcare brought to us by the smartest people in 2020.

Who is online

Users browsing this forum: Freddy Rumsen, Google [Bot], mikey and 49 guests