Taxes 2005 - Page 2

Happy Monkey · 03-22-2006, 03:58 PM

No, you gotta buy a bunch of 2 centers.

BrianR · 03-22-2006, 08:19 PM

uh oh. my cable bill is gonna be LATE!

lookout123 · 03-22-2006, 11:27 PM

don't forget that most retirement plans have tax benefits - even your Roth (a lot of CPA's don't know that).

oh yeah - do not fund your IRA's/Roth's with your CPA, Insurance agent, bank, etc... they generally don't have the slightest damn clue what they are doing.

wolf · 03-23-2006, 01:49 PM

Quote:

Originally Posted by BrianR

Do we get a grace period to use up old stamps and buy new ones?

It was called January.

Rock Steady · 03-24-2006, 12:04 AM

Quote:

Originally Posted by tw

Government has now announced a (potential) rule change. Those tax software companies can sell information on your tax forms. The George Jr administration approves of this idea. I think they just tried to slip that one past us and the press caught wind of it. Actually, when you submit your tax returns to a tax preparation company, technically, they own the data.

unbelievable. thanks for the heads up. A private CPA is more obligated to the client than a big tax prep company. The annual $600 seems more reasonable all the time.

farfromhome · 03-27-2006, 12:03 AM

I've been advised by two different tax preparers that married filing separately is the worst possible way. I have not lived with my ex in three plus years and probably never will again. However, neither of us has the financial wherewithal to make it legal...kid issues, etc. My preparer this year said that * wink * many people in my position file as if they were still together. Assuming your ex is agreeable...Do any cellarites have any experience or opinon about this?

xoxoxoBruce · 03-27-2006, 07:50 PM

HTML Code:

Assuming your ex is agreeable

Fly in the ointment...an agreeable ex that isn't lying and intending to turn your ass in to the IRS.

keryx · 03-27-2006, 08:41 PM

Quote:

Originally Posted by farfromhome

I've been advised by two different tax preparers that married filing separately is the worst possible way. I have not lived with my ex in three plus years and probably never will again. However, neither of us has the financial wherewithal to make it legal...kid issues, etc. My preparer this year said that * wink * many people in my position file as if they were still together. Assuming your ex is agreeable...Do any cellarites have any experience or opinon about this?

As long as you are still legally married, you can file married filing jointly. And yes, it would be strongly recommended that you do so if possible. There are all kinds of little known rules about married filing separately that can really mess you up: like the fact that if one spouse files separately and itemizes deductions, then the other spouse who files must also itemize. This can really screw the spouse that has nothing to itemize. No, you cannot take the standard instead. To say nothing of the unbelievably high tax rate. MFJ has the best tax rate, MFS the worst (same as single!)

Those separated, but still married people might also be able to file head of household, if they have a qualifying dependent and pay more than 50% of the cost of maintaining a home for that dependent, AND have been separated for the last 6 months of the year.

It is possible for one spouse to be able to file as head of household and the other stuck filing MFS.

I did taxes for several years, and the basics of the tax code never changed. I was able to refresh my memory by going to www.irs.gov website, which is full of information and basically up to date.

Yeah, I know reading through tax code is about as exciting as, well, watching paint dry.

dar512 · 03-28-2006, 10:14 AM

Woohoo. Did my taxes over the weekend. Done for another year.

glatt · 03-28-2006, 10:22 AM

Good feeling, isn't it?

wolf · 03-29-2006, 06:08 PM

I always still feel miserable, but at least it's over with. I wouldn't go so far as to describe the feeling as "good."

I must say, though, that I am happier with the pittance I shall get back than one of my friends is over the $23,000 (no, I did not misplace the period) he has to pay.

Kitsune · 03-30-2006, 03:25 PM

It is over and thank god for that. There is no hell quite as fun as working a 1099 and having to deal with the quarterly payment system and investing into a Self Employment Pension Plan. Three years of this and I'm glad I won't have to deal with those problems while doing taxes, anymore!

xoxoxoBruce · 04-01-2006, 02:44 AM

Quote:

than one of my friends is over the $23,000 (no, I did not misplace the period) he has to pay.

That's nothing compared to what I'm going to have to pay after I win the PowerBall drawing Saturday night.

03-22-2006, 03:58 PM	#16
Happy Monkey I think this line's mostly filler. Join Date: Jan 2003 Location: DC Posts: 13,575	No, you gotta buy a bunch of 2 centers. __________________ _________________ \|...............\| We live in the nick of times. \| Len 17, Wid 3 \| \|_______________\| [pics]

03-27-2006, 12:03 AM	#21
farfromhome Management Consultant Join Date: Nov 2003 Location: Portland,OR/Conesus,NY Posts: 166	I've been advised by two different tax preparers that married filing separately is the worst possible way. I have not lived with my ex in three plus years and probably never will again. However, neither of us has the financial wherewithal to make it legal...kid issues, etc. My preparer this year said that * wink * many people in my position file as if they were still together. Assuming your ex is agreeable...Do any cellarites have any experience or opinon about this? __________________ When you ain't got nothing-you ain't got nothing to lose.

03-27-2006, 07:50 PM	#22
xoxoxoBruce The future is unwritten Join Date: Oct 2002 Posts: 71,105	HTML Code: Assuming your ex is agreeable Fly in the ointment...an agreeable ex that isn't lying and intending to turn your ass in to the IRS. __________________ The descent of man ~ Nixon, Friedman, Reagan, Trump.

03-28-2006, 10:14 AM	#24
dar512 dar512 is now Pete Zicato Join Date: May 2003 Location: Chicago suburb Posts: 4,968	Woohoo. Did my taxes over the weekend. Done for another year. __________________ "Against stupidity the gods themselves contend in vain." -- Friedrich Schiller

03-29-2006, 06:08 PM	#26
wolf lobber of scimitars Join Date: Jul 2001 Location: Phila Burbs Posts: 20,774	I always still feel miserable, but at least it's over with. I wouldn't go so far as to describe the feeling as "good." I must say, though, that I am happier with the pittance I shall get back than one of my friends is over the $23,000 (no, I did not misplace the period) he has to pay. __________________ wolf eht htiw og "Conspiracies are the norm, not the exception." --G. Edward Griffin The Creature from Jekyll Island High Priestess of the Church of the Whale Penis

03-22-2006, 08:19 PM	#17
BrianR Cleverly disguised as a responsible adult Join Date: Jan 2001 Location: Dallas, TX Posts: 3,338	uh oh. my cable bill is gonna be LATE!

03-22-2006, 11:27 PM	#18
lookout123 changed his status to single Join Date: Apr 2004 Location: Right behind you. No, the other side. Posts: 10,308	don't forget that most retirement plans have tax benefits - even your Roth (a lot of CPA's don't know that). oh yeah - do not fund your IRA's/Roth's with your CPA, Insurance agent, bank, etc... they generally don't have the slightest damn clue what they are doing.

03-28-2006, 10:22 AM	#25
glatt ™ Join Date: Jul 2003 Location: Arlington, VA Posts: 27,717	Good feeling, isn't it?

03-30-2006, 03:25 PM	#27
Kitsune still eats dirt Join Date: Sep 2003 Location: Tampa, FL Posts: 3,031	It is over and thank god for that. There is no hell quite as fun as working a 1099 and having to deal with the quarterly payment system and investing into a Self Employment Pension Plan. Three years of this and I'm glad I won't have to deal with those problems while doing taxes, anymore!

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