It's Tax Time!!

[Handsome Rob]

And so, with the new year upon us, millions of Americans are about to either subject themselves to the hassle of doing their own taxes by hand, a lesser hassle of buying tax software and doing it themselves, or they are going to pay someone to do it for them.

Which one are you?

For me, there's no way I'm going to pay someone else to do my taxes for me. And, I'll be danged if I'm going to buy software that tells me something I already 1) know or 2) know how to find out. I'll do my taxes by hand. :up:

After all, I don't have "CPA" at the end of my name for nothing, you know. :cwink:

[SuBe]

I hate the IRS. May a Pox be on their House.

[The Senator]

We already have a FairTax thread :o

http://forums.superherohype.com/showthread.php?t=290666

[SuBe]

Jman, this isn't about the FairTax, this is about the Current Tax Code.

Why do you always have to bring up the FairTax in every thread you are in? :o

[The Senator]

Jman, this isn't about the FairTax, this is about the Current Tax Code.

Why do you always have to bring up the FairTax in every thread you are in? :o

I picked up a few pointers from a poster formerly known as SupermanBeyond.

[SuBe]

I miss that guy.

[The Senator]

I miss that guy.

Last I heard, he fell in love with the Communist Manifesto and moved to Cuba to "find himself." :csad:

[POWdER-man]

I have done my over the past 10 years and have never had to pay any money to the government....:up:

I rather put money towards my RRSP then send more of my money to the Gov.

[ShadowBoxing]

I'm not reading any of the above posts, but since SuBe showed up in the thread I can only assume they are discussing FairTax.

[SuBe]

I have done my over the past 10 years and have never had to pay any money to the government....:up:

I rather put money towards my RRSP then send more of my money to the Gov.
You did pay the Government, you just paid them enough to get them off your back for one more year.

Do you have Income Tax Withdrawn from your Paychecks? You paid them then, it's a Falacy that if you don't owe anything more, that you didn't pay anything at all. tsk, tsk.

[SuBe]

Last I heard, he fell in love with the Communist Manifesto and moved to Cuba to "find himself." :csad:
LIES!!! Those are Plain Faced LIES!!!

[The Original Bamfer]

I sure hope my taxes treat me fairly. :o

:huh:

[Handsome Rob]

I have done my over the past 10 years and have never had to pay any money to the government....:up:

I rather put money towards my RRSP then send more of my money to the Gov.

You mean you've never had to write a check to the IRS because your tax liability was greater than your withholding? Or, is it because your tax liability was actually $0 (and you received a full refund from the IRS)? There's a big difference betwixt the two.

[SuBe]

I've had to pay a lot the last 2 years, hopefully this year it's corrected and I paid just enough to get some back, or even. I hate the IRS.

[POWdER-man]

You did pay the Government, you just paid them enough to get them off your back for one more year.

Do you have Income Tax Withdrawn from your Paychecks? You paid them then, it's a Falacy that if you don't owe anything more, that you didn't pay anything at all. tsk, tsk.

Well of course I am not a moron, I know I am paying taxes throughout the the year, that's why I said I don't want to pay any more taxes.

I suppose I should have been clearer and said I have never had to pay any taxes to the Government when I did my taxes but I didn't think it was necessary. People are nitpicky today.

[POWdER-man]

You mean you've never had to write a check to the IRS because your tax liability was greater than your withholding? Or, is it because your tax liability was actually $0 (and you received a full refund from the IRS)? There's a big difference betwixt the two.

I am from Canada..what's this I...R...S that you speak of...:woot::oldrazz:

However, between my taxes witheld during the year, combining that with my charity donations and RRSP investments I have not had to write any cheques to Revenue Canada.

[jaguarr]

My CPA is worth every penny. :heart:

jag

[SuBe]

HAHA, you wrote Checks with a "Q". You silly Northman! :hehe:

[amazingfantasy15]

I use TurboTax and always do them pretty much as soon as I get the info I need, since I always get a refund.

[SuBe]

My CPA is worth every penny. :heart:

jag
Could you imagine not ever needing one anymore? :heart:

No more filings, not more CPAs, not more Lobbyists, no more April 15th being Deadline Day. No more IRS. :(

[jaguarr]

Could you imagine not ever needing one anymore? :heart:

No more filings, not more CPAs, not more Lobbyists, no more April 15th being Deadline Day. No more IRS. :(

You'd no longer be able to carry on a conversation, either. :o

jag

[SuBe]

You'd no longer be able to carry on a conversation, either. :o

jag
True, true. I would have to get another Schtick.

[jaguarr]

True, true. I would have to get another Schtick.

I'm just saying rehabilitation and therapy would be required before you could really function in society again.

jag

[Manic]

I use TaxCut. H&R Block gave me a free copy back when I sold retail software, and I liked it.

[jaguarr]

I used to use tax preparation software. When I was singing in my blues band, however, the taxes started to become a little more complex so I found a good CPA. He saved me a couple grand more than what TurboTax was telling me my returns would be for that same year. I've used him ever since and he's always made it more than worth the $120 it costs to have my taxes prepared. :up:

jag

[Manic]

You sing the blues?! God damn, Jag. Can you also solve Rubix cubes?

[jaguarr]

You sing the blues?! God damn, Jag. Can you also solve Rubix cubes?

I was never very good with the Rubik's cubes.

jag

[SuBe]

I sing the Blues everytime I look at my Pay Stub and see how much the Government is Confiscating from me.

[Immortalfire]

I do em myself.

[jaguarr]

I sing the Blues everytime I look at my Pay Stub and see how much the Government is Confiscating from me.

That's called the "1040 Blues" and Robert Cray beat you to it a looooong time ago.

jag

[SuBe]

That's called the "1040 Blues" and Robert Cray beat you to it a looooong time ago.

jag
Good, he feels my pain.

[Immortalfire]

True, true. I would have to get another Schtick.

I've often wondered what your next thing would be should the Fair Tax go into effect.

[jaguarr]

Good, he feels my pain.

Not really. He's a talented, famous and relatively wealthy blues superstar. You're....you. :o

jag

[SuBe]

I've often wondered what your next thing would be should the Fair Tax go into effect.
Probably Porn. :hehe:

[jaguarr]

Probably Porn. :hehe:

You'd get fired after yelling out "Fairtax!" in mid-coitus repeatedly during the shoot. :funny:

jag

[SuBe]

You'd get fired after yelling out "Fairtax!" in mid-coitus repeatedly during the shoot. :funny:

jag
Its one of many reasons my girlfriend wears earplugs.

I kid.

[Immortalfire]

Woman: "Say my name, b***h!"
SuBe: "Fairtax!"
Woman: "Wtf..."

[ShadowBoxing]

That's called the "1040 Blues" and Robert Cray beat you to it a looooong time ago.

jag
I have one of his CDs in my car.

[ShadowBoxing]

Probably Porn. :hehe:
SuBe's idea of dirty talk

"Oh yeah Baby, I'm going to make you file a 1040 form. C'mon b*tch, tell me what other assets you need to declare. How about some loopholes, I'll give you some loopholes. I'm gonna write you off so bad...that's how you like it, isn't it"

[jaguarr]

I have one of his CDs in my car.

:up:

jag

[SuBe]

SuBe's idea of dirty talk

"Oh yeah Baby, I'm going to make you file a 1040 form. C'mon b*tch, tell me what other assets you need to declare. How about some loopholes, I'll give you some loopholes. I'm gonna write you off so bad...that's how you like it, isn't it"
That's awesome.

[Handsome Rob]

What did y'all do to my thread while I was gone? :csad:

[Handsome Rob]

Attention lower-income Hypesters:

From the IRS Website:

Volunteer Income Tax Assistance Program

The VITA Program offers free tax help to low- to moderate-income (generally, $42,000 and below) people who cannot prepare their own tax returns. Certified volunteers sponsored by various organizations receive training to help prepare basic tax returns in communities across the country. VITA sites are generally located at community and neighborhood centers, libraries, schools, shopping malls, and other convenient locations. Most locations also offer free electronic filing. To locate the nearest VITA site, call 1-800-829-1040.

When I was in college, I did an internship as a VITA preparer at a community credit union. It's a good service. If you can't really afford software or a paid tax professional, you should definitely consider it.

More information on the VITA service and what you need to bring with you to have your taxes done can be found here:

Free Tax Return Preparation For You by Volunteers (http://www.irs.gov/individuals/article/0,,id=107626,00.html)

[Handsome Rob]

I am from Canada..what's this I...R...S that you speak of...:woot::oldrazz:

However, between my taxes witheld during the year, combining that with my charity donations and RRSP investments I have not had to write any cheques to Revenue Canada.

Ahhh . . . I get it. :up:

[DV8]

I finished my taxes today for free on TurboTax.com, and no this isn't an ad, and yes I'd recommend it to all my friends :ninja:

[Immortalfire]

SuBe's idea of dirty talk

"Oh yeah Baby, I'm going to make you file a 1040 form. C'mon b*tch, tell me what other assets you need to declare. How about some loopholes, I'll give you some loopholes. I'm gonna write you off so bad...that's how you like it, isn't it"

:lmao:

[Majic Walrus]

Were is the option for "Not going to do it, hope I don't get caught."?

[SuBe]

Were is the option for "Not going to do it, hope I don't get caught."?
18% of the "Taypayers" in this country don't file. 1% of all 141 million Taxpayers ever get audited. You chances of not getting caught are very high.

Though, if you don't pay taxes, I pick up your Slack, and THAT pisses me off. :cmad: So don't do it!

We need a FairTax.

[Scarlet spidey]

Income tax is unconstitutional.:o

[black_dust]

Ahhhh VAT and National Tax im glad i live in the UK then i dont have to fill anything out :)

Oh wait.... im still paying Tax DAMMIT!! :mad:

[BlackLantern]

I did mine on the TurboTax website last year and paid like 10 bucks to do my state taxes there as well....it worked out ok.

[SuBe]

Income tax is unconstitutional.:o
Not since the 16th Amendment. Bastards.

[BlackLantern]

SuBe's idea of dirty talk

"Oh yeah Baby, I'm going to make you file a 1040 form. C'mon b*tch, tell me what other assets you need to declare. How about some loopholes, I'll give you some loopholes. I'm gonna write you off so bad...that's how you like it, isn't it"

:lmao: good stuff...throw in some "Whose deduction is this!! Whose deduction is this!!"

[SuBe]

Ahhhh VAT and National Tax im glad i live in the UK then i dont have to fill anything out :)

Oh wait.... im still paying Tax DAMMIT!! :mad:
UK Tax Rate:

Corporate: 30%
Individual: 0-40%
VAT: 15%
COMBINED: 85%

US Tax Rate:

Corporate: 15-35%
Individual: 15-35%
VAT: 0%
Combined: 30%-70%, with 13.85% FICA (Payroll Taxes) 43.85-83.85%

Remember, YOU pay Corporate Tax Rates, not Corporations.

[Immortalfire]

:lmao: good stuff...throw in some "Whose deduction is this!! Whose deduction is this!!"

Hawt :wow:

[rizzo51]

I have gone for both a tax service and turbo tax but this year mine are pretty simple so i'll probally just do it myself

[Marx]

I always do my taxes on my own.

[Handsome Rob]

Are You E-Filing?

http://www.irs.gov/newsroom/article/0,,id=202537,00.html?portlet=6

Here's some information from the guv'ment on e-filing your tax return. For those of you due a refund from the IRS, it's a faster way to get your money back and working for you.

[SuBe]

Did I say I hate the IRS before? Cause I do.

[ComicChick]

doing mine on Turbo Tax right now:up:
used it the last 3 yrs.

I got my W-2 today, and instead of waiting a month for the Dept of Ed to send me the tax form about my student loan, I logged into their website to get my tax information. It's already up on their site without having to wait for it by mail.
and i'm getting back all that I paid :up:

[Nirvana]

With Taxes come FASFA. :csad:

[Handsome Rob]

doing mine on Turbo Tax right now:up:
used it the last 3 yrs.

I got my W-2 today, and instead of waiting a month for the Dept of Ed to send me the tax form about my student loan, I logged into their website to get my tax information. It's already up on their site without having to wait for it by mail.
and i'm getting back all that I paid :up:

I like Turbo Tax. I used to use it before I went back to school for accounting.

EDIT: And congrats on the refund!

[jaguarr]

Here's another hot tip: you may be eligible for yet more economic stimulus rebate if you meet certain conditions. We had a kid last year, so we're going to get some more $$$. :up:

http://www.irs.gov/newsroom/article/0,,id=186065,00.html

jag

[Handsome Rob]

Are you in a non-state-income-tax state and itemizing your deductions?

If so, you generally have three options for deducting your state and local sales taxes:

1. If you saved your receipts for the year, you can use the total of those sales taxes paid for your deduction.

2. You can use the deduction tables starting on page A-11 of the instructions for Schedules A and B (found here: http://www.irs.gov/pub/irs-pdf/i1040sa.pdf )

3. You can use the sales tax calculator found here: http://www.irs.gov/individuals/article/0,,id=152421,00.html

My advice: Check all three (or at least numbers 2 and 3) and see which one allows for the largest deduction. For me, that was the sales tax calculator.

[terry78]

Anybody get their refunds back yet? I filed mine on 1/24, and supposedly it's supposed to be deposited on 2/6, but people have been saying they got glitches and ****.

[terry78]

Anybody get their refunds back yet? I filed mine on 1/24, and supposedly it's supposed to be deposited on 2/6, but people have been saying they got glitches and ****.

[mrvlknight21]

Fair Tax FTW!

[Figs]

Anybody get their refunds back yet? I filed mine on 1/24, and supposedly it's supposed to be deposited on 2/6, but people have been saying they got glitches and ****.


Be patient and be glad your getting one terry. More importantly, be glad you don't live in CA like me and a number of others who will most likely be getting IOUs.:csad:

[SuBe]

Fair Tax FTW!
F*** Yeah!

[huskerwebhead]

TurboTax FTW. I've used H&R Block, TurboTax, Hewlett Jackson, and TaxAct. TurboTax always gives me the better return.

[terry78]

Fair Tax FTW!

I don't have time for that ********, I gots bills to pay. :o

[SuBe]

I don't have time for that ********, I gots bills to pay. :o
If we had the FairTax, it would be easier for you to pay those bills. :o

[AndThePickles]

Tax season honestly makes me feel like a friggin idiot. As much as I try to read up on taxes, I feel like I just don't understand it. I had to call my state comptroller with a question about a form today, and even when he asked me basic questions such as, "did you itemize your deductions for federal taxes in 2007?" I felt like he was speaking a foreign language. This will be my first year actually having to pay when I file my taxes because before I was in college and could just apply for my refund...so it should be an interesting process. Ugh :csad:

[SuBe]

Tax season honestly makes me feel like a friggin idiot. As much as I try to read up on taxes, I feel like I just don't understand it. I had to call my state comptroller with a question about a form today, and even when he asked me basic questions such as, "did you itemize your deductions for federal taxes in 2007?" I felt like he was speaking a foreign language. This will be my first year actually having to pay when I file my taxes because before I was in college and could just apply for my refund...so it should be an interesting process. Ugh :csad:
With the FairTax, you would never need to pay someone to do your taxes again, AND you never even need to file. It's so simple and easy to understand the Actual Bill is only 128 Pages long. Our current Tax Code is over 70,000 Pages long.

Or in Pelosi Math: It's over 20 Millions Pages long!!!

[Nell2ThaIzzay]

I'm only getting $300 back this year :(

[SuBe]

Be Glad you are not paying more.

[Hobgoblin]

I want my taxes done right, so I'll pay someone to do it for me. A $60 fee is nothing.

[SuBe]

H&R Block misfiled their 2005 Taxes. It's so complicated that If you ask 49 different Tax Preparers, and the IRS to do your taxes, you will get 50 different results.

[CorpusBlack]

You'd no longer be able to carry on a conversation, either. :o

jag

:lmao:

[amazingfantasy15]

Did my taxes yesterday and ordered tickets to Vegas today to give those fine casino orders that money.

[terry78]

Did my taxes yesterday and ordered tickets to Vegas today to give those fine casino orders that money.

You got direct deposit?

[amazingfantasy15]

You got direct deposit?

Yeah, trip isn't till March though, just wanted to know how much I was getting before commiting to a flight and where I could afford to stay.