Tax prep woes ...

[ripcord]

I just submitted our 2023 income taxes and I have to say I feel kind of traumatized. Between my wife's disorganized record keeping for her side business and those Byzantine IRS rules, I'm feeling traumatized.

Did I mention I'm feeling traumatized?

 

[Rand]

I sympathize however waiting till the last day only makes it worse.. so part self inflicted

 

[CKN]

I sympathize however waiting till the last day only makes it worse.. so part self inflicted

And not keeping accurate records....whose fault is that???

 

[Passport1]

Lots of Americans are sharing your dyspepsia today. The Byzantine reference is a bit unfair. The Byzantine empire levied a flat tax on its citizens. Something we could benefit from.

 

[Pablo]

Someone put poison ivy extract and cactus spines in my suppository lube

Mine was rejected

Thought I was getting a small refund butt owed $3000+

Someone didn’t send me one of those state marketplace amount forms. The premiums were not high enough!!!

 

[Zee09]

I just submitted our 2023 income taxes and I have to say I feel kind of traumatized. Between my wife's disorganized record keeping for her side business and those Byzantine IRS rules, I'm feeling traumatized.

Did I mention I'm feeling traumatized?

Same here..fleeced to the max. My buddies wife always pulls out the last bit of hidden details on 4/15 ...

 

[ripcord]

And not keeping accurate records....whose fault is that???

My wife's, but what am I gonna do? I can't make her do the taxes or we'll end up in tax jail.

 

[ripcord]

I sympathize however waiting till the last day only makes it worse.. so part self inflicted

I always file late. Well knows? I might die and then it's not my problem, lol. Besides, I get to keep my money until the last minute.

 

[Malo83]

Wife filed last week, no trauma on my part.

 

[Zee09]

Wife filed last week, no trauma on my part.

Ain't you special?

 

[John Galt]

 

[redhat]

Have had a rough bit with work since last year and unfortunately had to take an early withdrawal to remain solvent.

Have to pay between state a federal $11k. Sucks. But I guess having the funds, being fed, vehicles operational… still thankful.

Finally was able to collect unemployment.

Got a good interview coming up Wednesday. Really need this.

 

[awguy]

If you don't owe taxes you can file a six month extension.

 

[ripcord]

Have had a rough bit with work since last year and unfortunately had to take an early withdrawal to remain solvent.

Have to pay between state a federal $11k. Sucks. But I guess having the funds, being fed, vehicles operational… still thankful.

Finally was able to collect unemployment.

Got a good interview coming up Wednesday. Really need this.

Good luck! Hope you get a killer offer.

 

[bullwinkle]

If you don't owe taxes you can file a six month extension.

IIRC if you can estimate fairly closely what you owe, & send that in, you can still get an extension?

 

[CKN]

Same here..fleeced to the max. My buddies wife always pulls out the last bit of hidden details on 4/15 ...

"Fleeced to the Max" usually means "I made a lot of money last year"!

 

[Passport1]

Personal thoughts on the income tax.

Most individual income for the majority of Americans is produced through labor. Labor has value and a wage is given in exchange for it. In the Antebellum south, slaves worked for their employers (slave owners). The slaves' labor had great value but they, with rare exception, were paid nothing for it. The value of their labor was siphoned off at a 100% tax rate.

Since the 16th amendment passed in 1913 each American had an income tax burden of at least 1%, primarily on the wealthy. Today most Americans with an average income are in a 10-15% bracket. Some much higher and it creeps upward.

Comparing the slaves' (labor) tax rate to ours today, how can it be said that we aren't all just slaves, albeit somewhat less (10-15%).

 

[CKN]

IIRC if you can estimate fairly closely what you owe, & send that in, you can still get an extension?

Last I heard this was the case.

 

[andrew_j]

Paying taxes never bothered me a bit.

I live in great area , don’t worry about crime, kids and school is decent.

Visited many other states and countries and gladly pay the little bit of state and lot of federal to wake up where I do.

 

[Leo99]

IIRC if you can estimate fairly closely what you owe, & send that in, you can still get an extension?

Yes. I had to do this a few years ago. Tried to file myself and didn't understand a stock sale rules. I estimated and sent a big check and then went to a tax guy to figure it out. He was very impressed how close I came to what I owed.