| Chicago Fanatics Message Board https://mail.chicagofanatics.com/ |
|
| doing taxes https://mail.chicagofanatics.com/viewtopic.php?f=47&t=127766 |
Page 1 of 1 |
| Author: | IkeSouth [ Mon Apr 04, 2022 7:27 pm ] |
| Post subject: | doing taxes |
i just started my taxes. i have my personal info entered. is that enough |
|
| Author: | denisdman [ Mon Apr 04, 2022 7:43 pm ] |
| Post subject: | Re: doing taxes |
Yes it will point the IRS right to you. |
|
| Author: | IkeSouth [ Mon Apr 04, 2022 7:48 pm ] |
| Post subject: | Re: doing taxes |
great im glad they know what i should be sending them. now they can just invoice me. |
|
| Author: | HawaiiYou [ Mon Apr 04, 2022 7:52 pm ] |
| Post subject: | Re: doing taxes |
I had an accountant for years. Like 12 years later found out he was fucking everything up and costing me $$. Do it myself now. But it's a pain in the ass. |
|
| Author: | IkeSouth [ Mon Apr 04, 2022 8:26 pm ] |
| Post subject: | Re: doing taxes |
yea and if they get you too big of a refund, youre still on the hook for the mistakes. i will probably go with accountant if i ever make significant sales through my LLC, but for now i just include it as personal income and let them rape me on taxes. |
|
| Author: | denisdman [ Mon Apr 04, 2022 8:29 pm ] |
| Post subject: | Re: doing taxes |
LLC’s are pass through entities so it will flow to your personal tax return regardless. |
|
| Author: | IkeSouth [ Mon Apr 04, 2022 10:55 pm ] |
| Post subject: | Re: doing taxes |
well thats good. i have no idea what im doing i just enter what i feel like and wait for jail |
|
| Author: | Nardi [ Tue Apr 05, 2022 12:28 am ] |
| Post subject: | Re: doing taxes |
IkeSouth wrote: well thats good. i have no idea what im doing i just enter what i feel like and wait for jail LLCs were created for money laundering. Good luck in your endeavors. |
|
| Author: | Seacrest [ Tue Apr 05, 2022 7:26 am ] |
| Post subject: | Re: doing taxes |
IkeSouth wrote: well thats good. i have no idea what im doing i just enter what i feel like and wait for jail Don't worry, you can write off all the illicit drugs you do as a medical exemption. |
|
| Author: | good dolphin [ Tue Apr 05, 2022 8:09 am ] |
| Post subject: | Re: doing taxes |
remember to keep those losing betting slips to offset any winnings. |
|
| Author: | Bagels [ Tue Apr 05, 2022 8:25 am ] |
| Post subject: | Re: doing taxes |
Frank |
|
| Author: | IkeSouth [ Tue Apr 05, 2022 10:53 am ] |
| Post subject: | Re: doing taxes |
I didnt win anything last year only lost lost like 3k I owe nothing they owe me everything fuck them |
|
| Author: | denisdman [ Tue Apr 05, 2022 10:55 am ] |
| Post subject: | Re: doing taxes |
IkeSouth wrote: I didnt win anything last year only lost lost like 3k I owe nothing they owe me everything fuck them Gambling losses can only offset wins. If you are net down, you will not be deducting anything. It is not like capital losses, which can offset a certain amount of regular income ($3,000 per year I believe). |
|
| Author: | Nardi [ Tue Apr 05, 2022 11:01 am ] |
| Post subject: | Re: doing taxes |
denisdman wrote: IkeSouth wrote: I didnt win anything last year only lost lost like 3k I owe nothing they owe me everything fuck them Gambling losses can only offset wins. If you are net down, you will not be deducting anything. It is not like capital losses, which can offset a certain amount of regular income ($3,000 per year I believe). I found that out in like 1985. It's a shame Ike had to find that out today. |
|
| Author: | IkeSouth [ Tue Apr 05, 2022 9:39 pm ] |
| Post subject: | Re: doing taxes |
i will offset my capital gains with my losses on stupid etrade thanks guys |
|
| Author: | a retard [ Wed Apr 06, 2022 7:13 am ] |
| Post subject: | Re: doing taxes |
I have always done my own taxes and in an odd way I enjoy it. Except of course when it comes time to make the payments. Capital losses amount I believe depends if you are married or not. And losses can be carried forward  And there is talk of raising the capital gains tax 
|
|
| Author: | Heisenberg [ Wed Apr 06, 2022 9:06 am ] |
| Post subject: | Re: doing taxes |
I pay an accountant, and always feel some regret as he is basically populating TurboTax with data I provide. But, I have a few complexities, and look at it as sort of an insurance policy—if I get audited, I have someone at the table with me. |
|
| Author: | Harvard Dan [ Wed Apr 06, 2022 9:29 am ] |
| Post subject: | Re: doing taxes |
Heisenberg wrote: I pay an accountant, and always feel some regret as he is basically populating TurboTax with data I provide. But, I have a few complexities, and look at it as sort of an insurance policy—if I get audited, I have someone at the table with me. Same, after my wife passed ten years ago and I had to find alternative education resources for my struggling daughter (who is doing great now, gainfully employed and facing her demons day to day) along with dealing with the life insurance payout. I used a local CPA to figure out how to claim her education costs and other tax situations. Now I just use TurboTax and pay for the extra service which will represent me in case of an audit. |
|
| Page 1 of 1 | All times are UTC - 6 hours [ DST ] |
| Powered by phpBB® Forum Software © phpBB Group https://www.phpbb.com/ |
|