I've been paying a lump sum for my taxes
Posted By: ebbie on 2007-01-07
In Reply to: as an IC you need to get a GOOD CPA.... - who can answer all your questions....sm
and was starting to get scared that I'm doing it wrong. Actually, my husband was doing the taxes, and this year we're separated. I've just been an IC two years and an MT for a little over three. So is it okay to send it all in April? This will be my first year to write off an office space and such. So many other things were going on before that I had no time to really think this all through. Numbers and taxes and math are not my thing! 
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Good, does that mean I can stop paying taxes? - nm
x
They may be citizens and are paying taxes like the rest of us.
What difference does it make?
Apparently paying my Iowa taxes
Man, they've gone up. Dang it all to heck.
Otherwise, I'll be using the difference by knocking out my small bills in anticipation of paying off our zillions of dollars worth of student loans in about 800 years.
lump on eyelid
A couple weeks ago I noticed a lump on my eyelid (looks just like a ball bearing underneath the lid). It is not hard and does not hurt. My vision is fine and I don't even realize its there unless I rub my eye and feel it. Has anyone come across this or know what it might be?
groin lump
My sister told me a couple of weeks ago that she had one. Her doctor asked her if she had any sores in her nose. Oddly, she did. The infection in her nose was what caused the infected lump in the groin area. Strange, but true, and very often misdiagnosed.
have a lump on my thyroid . . .sm
anyone ever have a nodule or diagnosed with thyroid cancer? My twin sister had thyroidectomy 1-1/2 years ago for thyroid cancer. I am feeling a little scared right now . . . I go for ultrasound tomorrow.
PS! All those mammos probably SQUASHED my lump!
*
have a question about groin lump sm
last weekend i woke up to a sore groin, and a little bit of my very upper thigh. i felt around and found about a "lima bean" sized lump. it was very sore to the touch. over the course of the week, the lump decreased in size and there is no tenderness. i still feel a lump. i figured it is probably a lymph node. probably about three to four inches away from this lump i had a bite, not sure what kind but i'm guessing a tick. i never did see a tick there, but the sore it left and how long i've had this sore makes me think a tick bite. i haven't gone to the doctor, but wondering if i should even though the soreness is gone now.
Wasn't trying to lump all bus drivers together.
I know there are some very good ones out there who are in it for the kids, definitely not the money. I was just offering a possible explanation to anon who asked.
Personally, I trust no one with my stepson unless I know them very very well. He doesn't ride the bus either but is picked up from school with us. The older a child gets, the more comfortable I am with it but in my opinion, not in elementary school. Fortunately my job allows such accomodations. I understand not all parent's are able to do such and there's nothing "wrong" with that. Just my personal opinion to choose not to leave my child with anyone if its avoidable. Besides the bus driver/stranger thing there are many other reasons I prefer my child not to ride the bus and not be left home alone.
Slightly hypothyroid, about 6 months ago I found a lump
in my neck, had the whole workup including thyroid blood work and US guided biopsy which was benign. They put me on Synthroid, which has greatly helped my fatigue, etc. I thought I was just getting old and tired, etc. However, the mass is still there, not any smaller, so they will probably want to remove part of my thyroid sooner or later. If it enlarges they will definitely want to remove it. I would think by having thyroid removed you would actually gain weight unless your thyroid medication is adjusted appropriately?
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. 
She's paying for it
You can be sure she is paying for the extra attention. Also, the hospital likely insisted that all that security be provided, not because they are necessarly worried about Britney but about people trying to get near her. The last thing they want is for her to get harmed while she's in their institution.
Usually if there is a VIP patient, they don't keep the chart all in one place - they parse it out in 3 or more different locations under lock and key.
Britney has always gotten that kind of treatment - when she was in Mousekeeters, everyone had to leave the gym where she worked out when she came for her exercise. Britney is a little snot, always has been even as a young teenager - turns on the sweetness for the cameras. Millions of people have bought her act.
However, I do feel for her in her present situation and hope she can turn her life around now.
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.
So how do you know they didn't pay taxes?
Some people on SS file because they make money on the side, or they also have things that give them interest income.
Are you against SS recipients getting money back? After all, those on SS paid in as long as they worked how many years, and they do deserve it. SS doesn't give eough to live on unless you made a fortune in your earlier years. I don't know anyone who can survive on just SS.
What do you do if you owe taxes this year but
Pay part of it? Do they have payment options?
Me again, tell you what I did about paying a bill for a dog
like I said above, huge animal lover. I have 3 furkids but a friend of mine whose son is a druggie, was not seeing about his dog. The dog needed an operation for a growth on his foot. I paid over $1000.00 for that and now I buy my newly adopted doggie its medicine each month. I never give my friend money because want the money to go for the doggie, not drugs for her kid but you can believe I am seeing the doggie is comfy!
Okay, I don't mind paying
to make sure everything is in order! Thanks for all the advice!
...paying for it himself out of his PT job earnings. nm
s
paying for college
I have two sons in college right now ...one out-of-state, one in a private university. They both end up getting paid to go to school because they have so many scholorships. Did the high school counselor help me find any....NO. We are in a small town and I got no help from the school or town. Neither one of my sons played any sports...but I will tell you what I found out...what is more important is that your child is involved in school and the community. They don't care if they have ever worked a day in their life...they want to know what they have done in school grade wise, and community wise. Even just ringing the bells for the Salvation Army at Chrismtas time will earn you a scholorship. I filled out over 56 scholorships for both my sons to go to school for free...you just have to learn as you go how to word answers on the scholorships. We are not poor but we are not rich...but we made to much money to get any FAFSA help.
paying off bills
In our case, we refinanced through someone in our church who had a refinance company. It included all our credit cards and no, we did not have to cut them up. We still have them and DO NOT EVER USE THEM. It also included paying off our cars. The reason we had so much debt is because I wasn't able to get enough work at that time, now it is great and I can only say we pray and God has blessed us above measure, more than we deserve.
paying off bills
BTW we also pay an extra $100 each month on our mortgage. Years ago someone told us to do that and were never able to until now. Yes, I work hard, but we are doing great and even eat out once or twice a wk and sometimes more. This friend in our church also agreed paying the extra $100 a month. I have heard other fincance people on the Christian radio station saying the same thing, so it does make sense. You pay the extra amount on the principal only.
paying bills
x
Same here paying bills - NM
NM
I am not against paying for your child's
but I have no intention of doing that for my own children. There are so many kids out there who have everything handed to them. I believe it will teach my children the value of a dollar and the value of their education if they pay for it themselves or with scholarships and hard work. I do encourage them to keep their grades up and will encourage them to apply for scholarships, grants, etc. I think either parent should have to foot the bill for college. If they want to, great; if not, I don't believe the court system should get involved.
Wow if you & hubs are paying that much
in taxes and didn't qualify for stimulus check (because you make too much?), ya'll must be rakin' it in!! Don't think you deserve much sympathy either, right? I know you we're asking for it, but seems a little harsh to kick someone when they're down...
Paying down debt
It is getting harder to make ends meet because of all the straws in our bank account. I have 17k in CC dept alone. It is with 4 different CC companies. One CC has $200, #2 has about 4K, #3 has about 2K, #4 has 10k. The 10K one has a 15 % APR, the others I believe range from 24% to 29% APR. My biggest monthly payment is my house and I owe only $4700 on it and it has 6.3% APR. I sold some things and am getting $5K and that will be enough to pay off my house. I would love to finally, officialy own this house and get rid of that $350 monthly pmt, but I wonder if I should not pay down on the CC because of the high interest rates. Any opinions. TIA.
Paying Down Debt
I feel you, believe me. First, Bravo to you for facing this. That's the hardest part. I think if you are so close to paying off your house, you wouldn't want to take out yet another loan against it. Additionally, the interest rates aren't that great. What is the total of payments you are making on your credit cards? If you can slap that 5000.00 on your debt first on all of the higher interest ones perhaps paying some of them off. That will free up extra money to put on the rest of your credit cards. Then once the credit cards are paid off, you can then work on the mortgage (I WISH I had your mortgage..). Also we work in an industry where it is easy to pick up extra work---have you thought of that just to get extra money to pay off the debt? That's what I'm trying to do. Things are just so bad right now. Good luck, hope this helps...
Forgot to add - what about them paying
for their part of the cell phone bill as well as insurance on their vehicle?
How tough is it to track taxes
Have a job offer but am worried about going IC.
What are you talking about. I work and pay taxes.
p
Do you pay her taxes like a good employer?!
nm
Selling house, how much taxes will I owe?
Never lived at this property, got in my name about 6 years ago, never had it appraised, the person living there before also did not. My question is how much will I owe on taxes, say on a percentage basis, according to what it sells for? How do I go about figuring this out? Thanks.
That $6K a month I presume is before taxes - sm
if so, I highly doubt you can afford such an expensive house. My DH makes $70K, I make about $15K; even with the 2 incomes it gets tight, and our mortgage is only $1K a month. However we put about $800 a month into a 401K plan, another $210 a month into a college fund/plan with the state, another $150 a month for our life insurance; what is left to pay bills/buy food after the mortgage is about $1500. Believe me it goes fast. Taxes take a huge chunk, and no we do not get a big refund, maybe $1200 if we are lucky; owed this year for the first time in years. If you can I'd max out at $300K on a house. I am looking forward to when ours is paid off, which will be in about 6 years at the most (10 year mortgage); we also try to make extra principal payments when we can. This is w/o car payments too, can't imagine how we would do it if we had that too; guess I'd work more, the kids would have less stuff which would be a good thing and we'd eat more frugally. Babies are expensive, diapers, formula (not all women can breastfeed or want to), daycare presuming your wife goes back to work if not, then there is no way you can make your mortgage on $2K a month, daycare would be $500 a month probably. What if one of you loses their job, any plan for that? I would want a little less stress myself if I were buying a home with a baby on the way. Find something more affordable, sure it won't have all the bells and whistles but do you really need all that? Remember to ask yourself if you need it or want it. Big difference.
Must be he owes back taxes or is
wanted for some other crime that worse than $200,00 is good!
Property taxes...oh my goodnes!!
Our area and I think much of the state were being reassessed this year. The first tip was when my husband read in the paper that our particular county did an outstanding job with their assessment and should be an example for the rest of the state. My husband called today to see when we would could be expecting our tax bill and was told they could give us the amount, did he want them too. He told them he really wasn't sure he wanted to hear it!! OK - this marvelous job that our county did was -------- a 60% increase. Can you believe it????? And we do not live in an extravagent area at all! We have to come up with an extra $1900 in three months! Piece of cake!
I fear America is in for tough days ahead. Our society in general cannot keep up with the increases that we see on every hand. Milk - Close to $4 a gallon here. Gas price increases - and we live 30 miles away from anything, work, church, shopping. Cheese - $7 for a pound of cheese!
How can we continue on this pathway when our incomes do not increase at the same rate? Can't our congress people and senators see the predicament we are in??
Another issue along the same line - I'm wishing today that I was on Welfare. If I was on Welfare, I would have no problem running to the eye doctor because I desparately need my lenses changed in my glasses which are at least three years old. My son needs to go to the doctor for an infected, ingrown toenail - no money so he endures it. My daughter needs a graft on the gum line of her teeth where here gumline is beginning to expose the root of the tooth - again no money for that so it won't get done. I could go on and on - but I'm paying for all the Welfare people to go to the doctor for their sniffles. Yes - I have insurance that we would be covered for a major medical expense, cancer, etc - but there is $3000 deductible so none of these smaller things are covered.
OK - I'm totally overwhelmed with these issues right now and I know that I am not the only one with these issues. Thanks for the listening ear and the wonderful sounding board that you all are!!!
When you are sinking in this deep pit - it hard to remember and to comprehend that "MY GOD SHALL SUPPLY ALL YOUR NEEDS ACCORDING TO HIS RICHES IN GLORY." I'm sure He will do that because He never fails. I'm anxious to see how he supplies that need.
You talk like the only ones involved with big taxes
My father got killed in an accident, left me his property, I sold and for upcoming year MY taxes on that ALONE over $13,000.00. I did not fuss, I did not oh woe me- just put that money in the bank to draw interest until tax time. Know I owe and have that set aside. That does not count all the other taxes DH and I pay for the year and I sound like a grinch? Sure don’t get that remark. I am as much into keeping all that I can but EVERYONE (unless on welfare) has to pay their share, until and if they change the laws. I would be glad for any bonus he or I either one got but not happening here, so where does grinch come in?
We pay property taxes in KY on car tags. (nm)
x
SKIING! Taxes done or still procrastinating?
.
Taxes done. Mountains or Ocean?
.
you should only get money back if you pay taxes.nm
nm
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