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Started By
Message
1
Posted on 4/15/16 at 11:30 am to Broke
33k.
I hope the government sucks on it. Effin crooks.
I hope the government sucks on it. Effin crooks.
Posted on 4/15/16 at 11:31 am to Broke
$6000 on 1090 and for my LLC and thats on top of what they took out for my W-2 stuff throughout the year
and then $3000 for first quarter 2016 estimates
I bitch but it would be so much worse without my CPA
I love him.
and then $3000 for first quarter 2016 estimates
I bitch but it would be so much worse without my CPA
I love him.
Posted on 4/15/16 at 11:32 am to Broke
taxes? Blade don't have to pay no fricking taxes
Posted on 4/15/16 at 11:35 am to Broke
$237,013.69
Pissed
Pissed
Posted on 4/15/16 at 11:37 am to Broke
I had $20k of my bonus withheld and still owed $2000. This is after withholding throughout the year.......
Last year I withheld $40k of my bonus and still paid $7500.......
Last year I withheld $40k of my bonus and still paid $7500.......
Posted on 4/15/16 at 11:39 am to Broke
This post was edited on 11/8/20 at 11:53 am
Posted on 4/15/16 at 11:39 am to Warfarer
quote:My dad started his last year. And had a great year.
Hell Yeah, high five for owning living the American dream and starting your own business!
However, he didnt any make quarterly payments, as his CPA didnt think to mention(I, his son, is a CPA as well. Never thought to mention it to him. I assumed it was obvious. However, as an employee his whole life taxes have always been taken out for him)
Anyways, as you can imagine, he owes alot
Like ALOT ALOT. He also said there would be a revolution if all taxes were done this way, with a bill at the end of the year and not taken out with a paycheck
Posted on 4/15/16 at 11:47 am to Warfarer
quote:
But let me pay in more to support more freeloaders that are slightly less poor than me.
I despise some our tax structures, and I tell those who want higher taxes to voluntarily pay the US government more it they believe they're under-taxed. However, if you think you'll be slightly less poor by not working at all, I encourage you to call it quits and do exactly that.
There are problems with entitlements, but let's not get caught up in hyperbole act like someone with a tax bill of $60k per year would be only slightly worse off by not working.
Posted on 4/15/16 at 12:00 pm to lsupride87
quote:
However, he didnt any make quarterly payments, as his CPA didnt think to mention(I, his son, is a CPA as well. Never thought to mention it to him. I assumed it was obvious. However, as an employee his whole life taxes have always been taken out for him)
In all of my dealings with clients and their CPAs I'm always taken back by how little proactive advice they are given. Obviously that is not always the case, but more times than not their CPA is helping them fix problems instead of eliminating them before they happen.
Part of the problem is that many people think HR Block or a bookkeeper in a mom and pop place is a CPA - which the majority are not. The other problem I see is that they tend to take a short-term approach to everything.
Owe $1500 in federal taxes? Make a $5,000 IRA contribution and it will go away.
Owe nothing in federal taxes for 2016? Don't even bother brining up the IRA contribution for the year.
Cannot tell you how often that happens when I talk to prospective clients. However, once they're a client I consider it my duty to fill that void, and I do.
Posted on 4/15/16 at 12:24 pm to TigerstuckinMS
$12,150 to fed.
This post was edited on 4/15/16 at 12:25 pm
Posted on 4/15/16 at 12:37 pm to slackster
I work in the tax department for Lexington, you'd be amazed how many people pay CPA's and payroll companies to do their taxes wrong, and our tax codes are fairly simple.
Posted on 4/15/16 at 12:39 pm to Broke
I owe the fed another $5171 and I already paid way more than that four times last year in estimated taxes. They are such crooks.
Posted on 4/15/16 at 12:39 pm to Broke
Getting back $100 fed., $75 state.
Posted on 4/15/16 at 12:39 pm to Cdawg
quote:
Real balla's file extensions.
which only extends the time to file, not the time to pay...
Posted on 4/15/16 at 12:40 pm to DayBowBow
quote:
you'd be amazed how many people pay CPA's and payroll companies to do their taxes wrong, and our tax codes are fairly simple.
I'm not trying to bash CPAs because I understand there are good and bad ones like any other profession, but there are definitely some head-scratchers our there. I know they can only work with what they're told, but I wish more would take a more comprehensive approach to their client's situation, especially if they charge by the hour.
Posted on 4/15/16 at 12:41 pm to LSU2NO
quote:
Getting back $100 fed., $75 state.
My hero. Congrats on the precise withholdings and/or quarterly estimates.
Posted on 4/15/16 at 12:44 pm to slackster
Explain to me how to do this. Claim 0 and none??
Posted on 4/15/16 at 12:58 pm to 610man
quote:
Explain to me how to do this.
First off, don't do this.
quote:
Claim 0 and none??
Personally, I file married and 99 exemptions and then use line 6 on the W-4, the optional additional amount, if any, you want withheld, and prorate my expected federal tax liability over the 26 paychecks. Assuming a typical year, you can use your previous year withholding as a barometer, since you're not going to be penalized for underpayment if you withhold at least as much as you withheld the previous year.
The way the L-4 is worded in LA leads me to believe I cannot file anything other than married and 4 deductions, so I just deal with state taxes at the end of the year.
Posted on 4/15/16 at 1:06 pm to DayBowBow
quote:
our tax codes are fairly simple.
Oh come on.
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