Tax Question

[GH2001]

  I made a prowlerish joke. 

BOOM MUTHA FUCKAS!!!! YEAHHH!!!!!!! RIP HIS GAWDDAMNNED HEAD OFF BEECHES YEAH!!!!! EAT SHIAATTT!!! BOOOOM!!!!!!

[wesfau2]

will definitely do your taxes pro bono boner.

[AUTiger1]

An update on MY thread -

What is your major malfunction, numbnuts? Didn't Mommy and Daddy show you enough attention when you were a child?

[AWK]

Really?  I made a prowlerish joke.  Somebody else embarked on a chopperian rampage based on that offhand comment. 

Unless they didn't.  But they did.

Roflcopters.  Based on that one offhand comment.  You fall into your own stereotype and don't even realize it. 

[Kaos]

Roflcopters.  Based on that one offhand comment.  You fall into your own stereotype and don't even realize it.

I made an offhand comment.  It's what I do.  Like picking a scab.  I hit the same point for effect. 

Somebody shit the bed.  Warn't me until the bed was done soiled.  Once there was shit in it, why not add my own? 

[GH2001]

I made an offhand comment.  It's what I do.  Like picking a scab.  I hit the same point for effect. 

Somebody shit the bed.  Warn't me until the bed was done soiled.  Once there was shit in it, why not add my own?

Some honesty? Someone put a tomato on your burger yesterday - didn't they?

[AWK]

Some honesty? Someone put a tomato on your burger yesterday - didn't they?

It was a Bammer fan to boot.

[wesfau2]

It was a Bammer fan to boot.

Wearing a "Who Dat?" shirt.

[bottomfeeder]

I guess I should just post the background -

I'm looking into doing a side gig teaching guitar at a local music shop.  They can give me 12 students.  Tuition is $80/month per student, and the owner of the music shop wants to take 50% for providing the students and the room and materials for teaching.  That brings the money down to $40/month per student minus whatever I lose through taxes.

I'm trying to figure out if whatever money I'll be bringing in is worth working six extra hours a week.

I have seen cases where either the state or IRS has penalized individuals for not paying their quarterly percentage.

[AWK]

Wearing a "Who Dat?" shirt.

and a democrat.

[Kaos]

I have seen cases where either the state or IRS has penalized individuals for not paying their quarterly percentage.

*Raises hand*

Have been so penalized.  Pisses me off. 

[Kaos]

Some honesty? Someone put a tomato on your burger yesterday - didn't they?

No.  Not really.  Just a morning meeting with the fucking accounting firm and the shell games.  What percentage of salary goes toward development, what goes to support, what blah blah blah. 

I should have just taken them my Neat Receipts File and told them to deduct it all and fuck all their questions. 

[AWK]

When you don't file and pay taxes by the due date prescribed, you are generally penalized.  That's usually the way it goes.

[Kaos]

When you don't file and pay taxes by the due date prescribed, you are generally penalized.  That's usually the way it goes.

Well yeah. 

Taxes due April 15.  Until we made it through the first year I was in business and saw what the shit eating K1 said I supposedly "made" the concept of quarterly wasn't a sure thing. We landed a major contract late in the year that changed the world. 

IRS didn't give a shit. They retroactively applied the concept that I should have paid quarterly, Said I should have "anticipated" it.  And jacked me because I didn't. 

That sparked me getting a new bookkeeper, and hiring two different accounting firms to handle business and personal taxes to keep me out of that bog.  And it's been a shell game ever since.   Fired one firm, picked up another, still (always) looking for the "right" fit -- the one that will fucking TELL ME how to dodge the IRS sledgehammers and not always and only look at what happened in the past and go "ooohhh... damn.... you're gonna owe $xxxx,xxxxxxxxxxxxxxxx" 

Accountants are miserable at that.  They're like damage assessors.  Most can't tell you what's going to happen, they only know how to react after the fact.  Which is, in my case, typically WORTHLESS.

[GH2001]

When you don't file and pay taxes by the due date prescribed, you are generally penalized.  That's usually the way it goes.

Doesn't your taxable income also have to be X amount before you actually have to file quarterly?

[AU_Tiger_2000]

Doesn't your taxable income also have to be X amount before you actually have to file quarterly?

We (wife and I) had to pay quarterlies my third year of working after college.  Basically you are right, they base it more on if you owe above a certain amount for a few years in a row, which in turn is based on your adjusted taxable income. 

They say you must pay quarterlies because the government should be getting to use that money throughout the year and you are keeping it from them by not having enough cut from your paycheck.  Of course, every year but two I've gotten a nice return, but they never pay me on a quarterly basis for withholding too much money from me.  I love double standards.

[GH2001]

  I love double standards.

The gov't loves them. Some people don't even mind if they control the insurance industry. They do such a lovely job with mail, education and taxes.

[bottomfeeder]

*Raises hand*

Have been so penalized.  Pisses me off.

Me to and me too.

[Godfather]

Just post: Troll Kaos likes to troll.

[Token]