Home     Contact Us    
Main Board Job Seeker's Board Job Wanted Board Resume Bank Company Board Word Help Medquist New MTs Classifieds Offshore Concerns VR/Speech Recognition Tech Help Coding/Medical Billing
Gab Board Politics Comedy Stop Health Issues
ADVERTISEMENT




Serving Over 20,000 US Medical Transcriptionists

How tough is it to track taxes

Posted By: for IC status? on 2006-12-31
In Reply to:

Have a job offer but am worried about going IC.


Complete Discussion Below: marks the location of current message within thread

The messages you are viewing are archived/old.
To view latest messages and participate in discussions, select the boards given in left menu


Other related messages found in our database

I don't keep track
I buy stuff over the entire year. We also adopt a family for Thanksgiving and Christmas and spend around $500 on them.
I do it because I feel it is better to keep track..sm
than to ignore things and hope it all works out! I will have three daughters all with periods in the same month. How in the world would I know if anything is wrong in their monthly cycles if I am not keeping an eye on things? In this hectic world of non-stop activity I feel more comfortable knowing in advance when/if something is wrong. My mom always kept tract of mine and it was a good thing. I was so busy with dancing, sports and just being young that I didnt realize I had missed my period. When confronted about it we were able to get to the doc and get a handle on what was wrong. I feel just letting the kid be responsible to let me know she missed her period is just plain ignorant. You can let a kid be responsible for homework, pets, et cetera, but as a mother I am still in charge of her health and well being and if that means tracking periods then so be it.
We are going to the dog track with friends. sm
we have been doing this for years. Only spend a couple of dollars on each race (we really don't know what we are doing LOL) and then we play the slots. A couple of years ago I hit $2000.00 on "The Big Cheese". We only go once or twice a year so that makes it even more fun.
I keep track of my daughter's periods too - sm
Numerous reasons...

I have a genetic blood disorder and I need to know these things. If my mom had been a little more vigilant with mine, I would not have bled for 31 days straight and ended up in the hospital for severe anemia at the ripe old age of 11.

The cause was not discovered then either. I nearly bled to death in birthing my oldest. It was years later that they discovered the reason for it.

One of my daughters has tested negative for the same disorder, the other will be tested when she gets her periods on a regular basis.

The next reason is convenience. Each of the girls have their preferred "products" and I need to know who needs what and when so there is not a HUGE fight over why there isn't any of this or that.

Next reason, both girls are very active in sports and other extra cirricular activities. Being on the go and getting caught without is never fun. I make sure they are prepared.

Lastly, one of the girls is horribly hormonal. Towns have a warning siren before a tornado hits right? I need a warning for our little hormonal hurricane.

They don't care that I keep track and understand why I do. No biggee to them.


they have some system now that they can sign up for to track who views sm
their myspace. not sure how it works because i didn't sign up for it, but i see it posted all the time. i view my daughter's friends sites all the time. noone has said anything to me yet about it, but i do communicate with a lot of them on there as they are friends and any friends of my children are friends with me as well. they know i wouldn't going ratting off on them unless it was something majorly in the wrong.
I don't keep track either. Poor budget planner. Spend way too much - around $2k. nm
x
My husband is a runner and is very active in his track club.
He drives me a little crazy, because it's nothing for him to run 10-miles for a "simple" workout. But he does a lot with the club by setting up races, some of which benefit charities. And he's very good, by the way. He's finished well in national track meets. He's also the treasurer for our son's boy scout troop. I'm an assistant scoutmaster and do all of the outside stuff with the kids. Hubby HATES camping, hiking, backpacking. But that's the stuff for me! Our interests overlap in a few areas, but there have been times that we even take separate vacations. (Lots of people gasp at that.) But, occasionally, we can combine them. He's running in Maine next year, and I know that there is a river that passes in front of our hotel. I'm bringing my kayak! He can run all he wants! :)
Does anyone know the price of a stamp these days? I have lost track. I have some old ones,
want to mail some cards, but not sure if I can paste enough together to make enough postage? What is the price of one stamp now? Thanks
I had calendar on fridge kept track of rotated weeks
x
Tough on who??

tough for IRS to track you - not tough at all....they will catch you eventually if you are IC and don't pay taxes.


tough for you to track how to pay, when, etc.??  Also not tough.  Every time you get a check, take about 35% of that and put it in a savings account.  You could probably get away with paying yearly for awhile but safest bet is to pay quarterly.  Download forms from IRS or your tax program and you can print a payment coupon. 


You may want to do a search on the main board on this subject.  It has been discussed.  Some put aside 25%, some 30%, some 35%.  Some pay quarterly, some yearly.  Depends on if co-file and if that person takes money out of his/her check to cover part of your taxes.


That's a tough one.
Wow! Talk about going overboard. I thought my parents and MIL were bad - your MIL is really obsessed with those VERY expensive baskets.

Has your hubby tried talking to her?

How about giving them away as gifts to teachers or someone you think might be able to use them w/o your MIL knowing of course.

I really do feel for you because though your MIL means well and sounds like a beautiful person just the same it's just too much and such a waste of money.

Lots of luck to you.


Boy, that's a tough one

One of the defining moments of my life was when I saw my son's tiny heart fluttering on an ultrasound screen. Up to then, although I had known I was pregnant (I was 8 weeks), the reality of it hadn't hit me, not in the way that it did when I saw that tiny beating heart.


I am definitely not pro-choice but I am not radically pro-life either. What I do oppose is additional governmental inference in our lives. So, as I said, this is a tough one....my heart says "yes" but my head says "no".


Tough one.

My thoughts are when the children are small, they won't care if you live in a tent in a national park (in fact, they would probably prefer it).  When they are teens, it doesn't matter where you/they live, they are going to complain about it.  Bill Gates' kids will probably be asking why can't they live in a normal house like all their friends, and why do they have to have such a large carbon footprint? 


We lived in a single family home with lots of acreage.  Some of the kids' best friends lived in apartments in the city as well as mobile home parks.  It made no difference whatsoever to them about the living circumstances of their friends and their friends' parents, and they stayed over at those friends just as often as those friends stayed over with us.  Our house at that time was *very* nice and we had 4 or 5 horses at all times for riding, but were our kids impressed by that?  No, they complained because we were hicks because we had chickens in our yard and their city friends did not.


I think the bottom line is wherever you are the happiest is where they will be the happiest.


Tough
Wow, that is a tough one.  I know that you don't want to step on your son's toes by stepping in.  Besides, he would probably be embarassed.  I tell my 5-year-old daughter that if someone is not nice to her then they are not her friend.  We have a similar situation going on here with the neighbor across the street who rides the bus with my daughter.  She is much older and picks on my daughter.  I had a talk with the older "bully" that seemed to work for now.  Good luck! 
that's tough...
I don't know anything about this but could it possible be that she has dermatillomania. Google it, there is a lot of information. I went to elementary school with a girl who had trichotillomania (pulling out hair, eyebrows, eyelashes, etc.) and that is what prompted me to google and found dermatillomania. I think you made a good call asking your son to talk to a counselor about it. From what you have described it sounds like she definitely needs some help but who knows how her parent's would react to you contacting them directly.
It's tough, that's for sure.
I tried smaller companies and larger. Gotta tell you there are a lot of companies (big and small) out there looking to take advantage of a new MT. I came across several myself. One wanted me to start working immediately, that day, right now, with no hiring agreement or anything. All they knew was my first name, had a cut and paste partial resume, phone interview, and a "test" which I don't even think was a test but free work.

It is sad what the jobs are like out there right now for MTs. I am fortunate to have a husband with a good job, not much financial overhead, and more in need of flexibility. For my "foot in the door" so to speak and a foot out of the 24/7 schedule of inhouse hospital transcription it was the price I had to pay.
That's a tough one.
I hate politics...especially among parents in school and sporting events.

I would follow your gut. You didn't say if you agree with what was done to the previous president or not. As little association with the annoying neighbor as possible seems logical to me. There's no reason why your children can't be friends and the 2 of you can be acquaitances but not great friends. I think you did the right thing by not joining in her comments and if it continues in the future, maybe just get up and say you have to go. She should get the message.

As far as you continuing on as president, you should do it for your kids but only for your kids. If there's a point where you can't handle it, ask for help. Who knows, the ex-president might even be willing to help you out or give pointers....don't take someone else's word for it that she didn't do a good job...maybe this annoying neighbor is just pushy. Sounds to me like there might be an underlying reason why no one else (mainly the annoying neighbor) wanted to be president but wanted you to do it. If you really think you have gotten in over your head, you're probably better off getting out now than waiting to when the school year starts. Surely someone else can step in. The school isn't going to fall apart.
I am so sorry. You are going to have to get really tough it looks like nm
x
So sorry - this is a tough one
I REALLY feel badly for you. This has got to be absolutely horrible for you to deal with, as there is not much that can be done, and it is hurting your health. There is only one thing you can do, and that is move. Is there some way you could find a way to do it? The problem with apartment living is that this could happen again, even if you do move, but don't know if it would be this bad. I truly feel your pain, I wish there was a more helpful suggestion to make.
It's tough
but it does get easier as they get a bit older.

I had two and both had colic ... yikes! I also got mastitis in one breast and felt pretty sick. I breast fed for only a few weeks with the first and a couple months with the second.

My youngest just had her first baby in April. She is feeling similar (and got mastitis in both breasts) and thinks she will stop breast feeding at about two months. She says she barely goes to the bathroom some days because she is always busy with the baby or holding him.

As they get more alert, you will ironically have more free time. Plus it is much easier to carry them around once they can just ride on your hip.

I would say if breast feeding is done long enough to get the colostrum, that's the main thing.

P.S. FYI, I found having two much more work than one for at least the first year.
that is tough
but he probably figures what is the point...not going to change the outcome.
that's certainly a tough one. but there are some rxs when all else fails.
.
Must be tough for you guys
Sorry for your troubles and losses...
Isolation is tough sm
I had an office doing this but never had the time to socialize with anyone in the building as I hated it if they came into my office because it meant I had to stop working. They used to call me "the robot" and that's exactly what I was. I am now home and don't get out to do things in the neighborhood, don't know my neighbors nor do I want to. I do feel like I missed out on life although I had a good thing going and it helped get my kids through school, etc., except it made me socially inept. Even when I had someone working for me, I would not stop to talk to them and resented it if they took time to jabber on the phone, etc. I was a slave driver to myself and everyone else. This job is enough to drive one to the looney bin. We shall all have to end up in the same place I guess when we get old. I don't know how to socialize anymore and I used to enjoy people. Perhaps this work has made me an introvert or I went into this profession because I am an introvert, who knows? I can relate. No one else outside the field can though, I guess they are "normal" and I am not. When I do go out to do something, I always think of the lines I am losing and feel like I'm wasting time and could be making a line count. Crazy!!
tough call
I know this is tough for you. . I have always hated to tell my daughter no. . Unfortunately, I have had to tell her no many times. . if you don't have the money, you don't have it. . not much you can do. . BUT. are there any programs or anything that could help your daughter - where I live, we have a free clinic for people to go to who don't have insurance. .
Sounds tough
Get what you can for the house, furniture and whatever you have, buy a truck with a camper, head for the warmer climes or even Mexico and live the good life and be mobile and go where the jobs are like a migrant worker. Think outside the box.Just a thought, it might even be fun, an adventure.
Tough times
I just skimmed your post and didn't read the others, but I know that often children will feel the mom is more to blame for a breakup between parents, so he might feel a little betrayed by you right off the bat, making him more sensitive to anything else you say or do.

When you think about how hard it is for adults to understand their own emotions and then present them to another, it makes it easy to understand why children have such a hard time.

I think the best thing is to try to help him feel comforatable sorting out and expressing his real feelings to you. Most of our actions and words are the consequence of a deeper/bigger emotion and not the actual issue.
Tough question
I would like to give a really deep answer, but probably Paula Deen. I love to cook and she just seems like so much fun. I read her book and know that she has overcome much in her life. I really admire her.
TAXES

This is my first year having to figure taxes w/ IC and I've only done it for a few months.  I'm wondering if anyone can tell me anything they think would be helpful to me regarding filing my taxes.


Here are a few things I have heard:  That I need to send in 30%-40% of my gross pay quarterly.  I have heard I can claim my office space, percentage of my utilities, and any other cost involved with my work BUT  I have also heard that amount has to exceed a certain $ amount before I will be able to claim it.  That really doesn't make any sense to me but I honestly have no clue. 


We normally have our taxes done by a certain company and am considering going to someone else and, of course, plan to ask him loads of questions but I'd like to have some sort of idea from any of you who are doing this of what to expect.


Thank you for any help you can give me.  



 


Taxes

Be sure to read all the way to the end!



Tax his land,
Tax his bed,
Tax the table
At which he's fed.


Tax his tractor,
Tax his mule,
Teach him taxes
Are the rule.


Tax his cow,
Tax his goat,
Tax his pants,
Tax his coat.


Tax his ties,
Tax his shirt,
Tax his work,
Tax his dirt.


Tax his tobacco,
Tax his drink,
Tax him if he
Tries to think.


Tax his cigars,
Tax his beers,
If he cries, then
Tax his tears.


Tax his car,
Tax his gas,
Find other ways
To tax his ass


Tax all he has
Then let him know
That you won't be done
Till he has no dough.


When he screams and hollers,
Then tax him some more,
Tax him till
He's good and sore.


Then tax his coffin,
Tax his grave,
Tax the sod in
Which he's laid.


Put these words
upon his tomb,
"Taxes drove me
to my doom..."


When he's gone,
Do not relax,
Its time to apply
The inheritance tax.


Accounts Receivable Tax
Building Permit Tax
CDL license Tax
Cigarette Tax
Corporate Income Tax
Dog License Tax
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax,
Fuel permit tax
Gasoline Tax (42 cents per gallon)
Hunting License Tax
Inheritance Tax
Interest expense
Inventory tax
IRS Interest Charges
IRS Penalties (tax on top of tax)
Liquor Tax
Luxury Taxes
Marriage License Tax
Medicare Tax
Property Tax
Real Estate Tax
Service charge taxes
Social Security Tax
Road usage taxes
Sales Tax
Recreational Vehicle Tax
School Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone federal excise tax
Telephone federal universal service fee tax
Telephone federal, state and local surcharge taxes
Telephone minimum usage surcharge tax
Telephone recurring and non-recurring charges tax
Telephone state and local tax
Telephone usage charge tax
Utility Taxes
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft registration Tax
Well Permit Tax
Workers Compensation Tax


COMMENTS: Not one of these taxes existed 100 years ago,
and our nation was the most prosperous in the world.
We had absolutely no national debt, had the largest middle class
in the world, and Mom stayed home to raise the kids.
What happened?


And I still have to "press 1" for English
I hope this goes around world 10 times



It's America, I shouldn't have to press
anything to hear English. The constitution
was written in English, not Spanish.


I do our taxes myself
and he never even looks at them. Hopefully we won't refinance or anything anytime soon where they'll need to be looked over. I'm going to pay these things off and stop it... hopefully within the year.
I would rather pay more in taxes than to have--sm
someone garnishee my wages for her insurance program that I may or may not want!! Besides, his idea of changing the way taxes are collected is much more fair than the way it is now. Is that all you have against him?? Gotta do better than that!
Taxes
Honey, I feel your pain.  And, if at all possible you do need to get on top of your quarterlies.  I failed to do that and now owe about $40,000.  My husband and I called the IRS and they generally will work with you on a payment plan that you can afford, but unfortunately, interest and penalties contine to accrue.  I think as long as they see you are making an effort they will work with you.  I think if you make payments to the IRS you can claim that as a deduction for the next year's taxes as well.  Best of luck to you!!!
Me, myself and I and my taxes sm

mmm 'scuse me.  I had only my IC income and only Federal taxes to pay last year.  I paid in $7000 and some.  I don't quality for a stimulus check either.  Raking it in? Hardly!  I pay 30% of my taxable income in taxes and I can only take the standard deduction, plus what came out to about $2000 in office expenses last year.  You add up $7K x 3, + 2007 standard deduction for a single person + $2000 and you got my income. 


I don't call that raking it in!


taxes

You can claim your adult kids (if you are single) to put you in the head of household category (which is a lower tax bracket) than claiming single. You can't claim married and head of household.   


AND


You have to be able to prove you provided over 50% of their expenses, such a rent, food, utilities.  If they have a job and are working you can't claim them unless you can still prove what you are paying for them is over 50% of their expenses.  So basically they have to have a really lousy job or no job at all or be working spoiled brats!  Mine have fit into all of those categories at one time or another. 


Yeah, tough call, as I said above -
There are many many reasons why someone might choose abortion, not just as birth control.

I should clarify that when I said I disagree with abortion, what I mean is that I wouldn't personally choose it for myself but I would NOT tell someone else that they shouldn't.

Many years ago, I walked through a picket line with a friend who found herself pregnant and her husband still left her for another woman. Not just left her, he left the COUNTRY after 12 years of marriage. He did NOT want any more kids (they had 3.)

Tough call for her and I know she struggled with it enough without me telling her she shouldn't.
""Love Must Be Tough" -- written by (sm)
Dr. James Dobson -- excellent for couples with significant marriage problems -- please read.

Sounds like your husband is seriously involved with "someone else." And, if so, you could never be organized enough or tall/thin enough. His insulting remarks are possibly his outlet to relieve himself of "guilt." Don't give up -- be tough!!

Just another opinion!! May God bless you in your decision-making.
The first day of any drastic change is tough!
In fact, the first couple of days! But it'll be soooo worth it. I've always eaten plenty of health foods. Problem is, I've also eaten plenty of really bad stuff, as well. I won't even list my weaknesses, because they are the usual fat and sugar things, and there's no need to have us both wishing for those things!
Just today I started back on my WW plan. It's worked for me before, but there are a lot of things allowed on WW that I won't go near, like fat-free processed foods and sugar substitutes. I'd rather concentrate on natural foods. Lucky for me, my mother was a real tyrant when it came to soda. She wouldn't allow us to have it. I thought she was absolutely wicked when I was a kid, but I have to say, as a result of her soft drink ban, I never developed a real love for the stuff. I much prefer plain old water, and probably only drink soda a couple times a year. Today I've been pretty good, though I'm behind on my water intake. But, I did go to the YMCA and did 30 minutes on the elliptical machine. I've found that exercise helps so much. I hate doing it. I hate even thinking about exercise. I hate absolutely everything leading up to exercise, and I hate about the first 10 or 15 minutes of exercising. However, the feeling after I've completed a workout is FANTASTIC! And I know that in a week or so, after walking, swimming and just plain moving each day, I will feel sooo much better.
You need support to get through this. If you find a good on-line group, let me know! Or email me, and we'll try to lift each other up. I've got 60 pounds to lose. (Who am I kidding... it's more like 75), so I have a long road to walk, too, and I've got to pick up the pace, because I'm not getting any younger, and the health problems are starting to pile on with the pounds.
I agree you have a tough situation there sm
my friend any my heart goes out to you. I wonder if the school has any suggestions,maybe if you spoke to the school psychologist, if one is available? I'm not an expert here but someone other than your main doctor might have some answers and guidance for you. You and your son are in my thoughts and prayers.
It was a tough decision, but I'm glad you got
your daughter's input and did not have to make the decision alone. Two things will happen. She will find out what a paddling is...and it sounds like she will only need ONE lesson about that issue. The second is that the paddling is over and done with...HER choice. You can't save her from all the bad things life is going to bring her, and she brought the consequence on herself and chose her punishment.

You should be proud that she chose EDUCATION by not missing class. THAT will last a lot longer than some stinging on the bum for a few hours. It does not matter which punishment she received, she will feel regret. She will receive a lesson in following the rules and not ruin her grades by missing class.

If it were ever to happen again, I would ask for an option of extra school work of some sort...a book report, etc., or running laps around the track.

Don't let these extremists make you feel so bad. I seriously doubt there will be any bruising. You made a good choice for letting her have input into her consequence. It sounds like no matter what happens, she has learned a lesson.

Good luck to you!
A tough situation? She's rich.
thinks of this young man now?  Ohhhh, maybe it's okay because she's supposedly doing the right thing.  Pulleezzee!!!!  God bless her!!! 
Maybe, but do they have to be that tough even in high school? sm
There are so many stories of homosexual high-schoolers being bullied and some even killed. I agree that they have to learn to live in the world as it is, but as high-schoolers, I am inclined to say they deserve some protection.
This was great but the box was tough to chew!
..Just kidding, love mac & cheese and this is so easy!
This was great but the box was tough to chew!
..Just kidding, love mac & cheese and this is so easy!
Facing a tough decision soon (sm)
We have been renting for about 5 or 6 years, I can't remember exactly, but the landlord has since divorced and is ready to sell his house. He has always said he would offer to us first. Last year I had asked about owner financing, which he said he'd think about.

I get a call today from him stating that he's ready to take that step and that no, he cannot finance. He wants to get cash, pay off a loan he has against this house (that he had to get to pay for his divorce) and wants to move on. He's a super nice guy and said he wasn't in a major hurry, but is in the thinking phase, so he was letting me know that it's going to be available sometime this year. He said he'd give us time to talk to the bank and what not, and that he knows it will take some time to get things moving.

Thing is, I'm afraid to call the bank. Both DH and I have lousy credit right now. I asked a friend if they would still finance and she said it can't hurt to call to find out.

I guess we can go find another place to live, but I really like this area and the house (but it does need some work). The landlord told me the appraisal from 3 years ago, which I can't believe it appraised as high as he said. He said he would pay for another appraisal from a friend of his, but my friend who works in the bank said the bank would do their own appraisal and it probably wouldn't be as high as the one his friend did.

Wish us luck in figuring this out! Has anyone else ever had to face this??? If so, what did you do?
Indiana taxes
A family I know in Fort Wayne area had taxes double this year since annex of Allen County to Fort Wayne. What can I say, welcome to my world in New Jersey (12,000 for property taxes in a townhouse with no backyard)
I agree wth what you said about taxes

I loved what that professor said on the show about Hurricaine Katrina.  Of course we didn't see who could pay before we rescued them.  We just needed to help them in a time of natural disaster, and the professor pointed out that if a woman gets breast cancer that IS a natural disaster to her.  I don't think she should have a better chance for survival if she is a rich American versus a poor or middle-class American.


If we can afford the very expensive war we have been in for the last 5 years I think we can afford better healthcare for US citizens.  I feel like although it is important to be safe from terrorists, the most likely threat in many of our lives isn't a terrorist's bomb; I think it is a disease that will cost us hundreds of thousands of dollars in medical bills that we may or may not be able to pay.  I think many Americans die each year because they cannot afford the lifesaving treatment they need to save their own lives, and that is tragedy in my book.


When you file your taxes
NM
Churches should pay Taxes?
My question Do yall think Churches should pay Taxes? I see and hear a lot about some of these well to do Pastors driving MERCEDES and living in fine homes!I personally believe they should why are they exempt?

At least you own property to pay taxes on -
I don't have my own pot to p__s in or window to throw it out of. I was totally depending on that refund to help pay down my gas credit cards.
are your taxes and insurance in with
the house note? By the time you have to pay for these out of pocket, will you realize much difference; I'd say keep paying your house notes and work on the other stuff; just my thinking. DO NOT TOUCH THE 401K; you will be horribly taxed on it as income. Actually, you guys are not that bad off debt-wise, know it's crowded, but you can survive for awhile yet and may another addition to the house would be feasible later; sounds charming, I love rock houses. If you have land, I'd say hold onto this deal, land's getting harder and harder to come by. For sure you don't have homeowner's agency to contend with. This will get better; just keep on keeping on. Good luck.