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| Tom Hanks: Rich People problems https://mail.chicagofanatics.com/viewtopic.php?f=47&t=84323 |
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| Author: | jimmypasta [ Tue Jan 07, 2014 6:30 pm ] |
| Post subject: | Tom Hanks: Rich People problems |
This story is a few months old but something that never occurred to me,but the IRS is everywhere! Tom Hanks is stuck in a bizarre situation thanks to a New York City apartment he owns, and it has to do with the IRS. Hanks, 57, has a primary residence in California which means the Tax Man only allows him to spend 183 days per year at his apartment in NYC and the Apollo 13 is already at about 149 days this year, so he has to be careful now with how he splits his time. According to Showbiz411, the A-lister even had to skip out early at his Captain Phillips premiere at the New York Film Festival last Friday night because he had to fly back to California so he didn’t take up an extra day of his New York time. “There are no exceptions for celebrities at the IRS. And Hanks has spent roughly 149 days in New York this year already between rehearsing for and appearing in Lucky Guy on Broadway,” the website reported. His days are running out, it was explained to me. And Hanks still has to open Captain Phillips properly on October 10th, and he has Saving Mr Banks coming from Disney in December.” In order to fulfill all of his publicity duties for his upcoming projects, Hanks will have to ration his days in the Big Apple carefully. “He had to get back to Los Angeles pronto on Friday. And let me tell you, I was reading about this: the IRS is very strict. Apparently they really watch the whole bicoastal thing with actors, singers, celebs of all kinds,” Showbiz411 said. “It’s the price you pay for being rich and famous.” |
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| Author: | bigfan [ Tue Jan 07, 2014 7:18 pm ] |
| Post subject: | Re: Tom Hanks: Rich People problems |
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| Author: | bigfan [ Tue Jan 07, 2014 7:21 pm ] |
| Post subject: | Re: Tom Hanks: Rich People problems |
He is ALLOWED to spend all the time he wants anywhere. However, you need to declare something as your primary residence and thats how they determine it. Additionally, he would be the first celeb that wasnt compensated for living arrangements while working on a project. |
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| Author: | jimmypasta [ Tue Jan 07, 2014 7:21 pm ] |
| Post subject: | Re: Tom Hanks: Rich People problems |
 Yeah,I know. I'm just saying that's a weird problem to have. He's bi-Coastal because everyone knows the millions of people in between Cali & NY count for shit.
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| Author: | conns7901 [ Tue Jan 07, 2014 7:31 pm ] |
| Post subject: | Re: Tom Hanks: Rich People problems |
Doesn't California have worse taxes? |
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| Author: | bigfan [ Tue Jan 07, 2014 7:36 pm ] |
| Post subject: | Re: Tom Hanks: Rich People problems |
The IRS lets you write off the property taxes on your second home. However, the way that you use your second home will determine how you write it off. If if is truly a personal residence, which means that you rent it out fewer than 14 days a year, you can write it off with the property taxes on your first house. If it is rented out more than 14 days a year, you must allocate the deduction by the percentage of personal use and rental use. |
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| Author: | bigfan [ Tue Jan 07, 2014 7:37 pm ] |
| Post subject: | Re: Tom Hanks: Rich People problems |
The whole thing is just stupid. Feel dumber for even commenting on it. I would bet Hanks has about 23 LLCs set up for various projects, investments, etc and he can do what he wants. |
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| Author: | badrogue17 [ Tue Jan 07, 2014 7:53 pm ] |
| Post subject: | Re: Tom Hanks: Rich People problems |
Who the fuck keeps track of it? IRS watching him like a hawk counting his nights in NYC?? |
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| Author: | Colonel Angus [ Tue Jan 07, 2014 7:58 pm ] |
| Post subject: | Re: Tom Hanks: Rich People problems |
badrogue17 wrote: Who the fuck keeps track of it? IRS watching him like a hawk counting his nights in NYC?? I wouldn't doubt it. |
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| Author: | IkeSouth [ Tue Jan 07, 2014 10:23 pm ] |
| Post subject: | Re: Tom Hanks: Rich People problems |
Colonel Angus wrote: badrogue17 wrote: Who the fuck keeps track of it? IRS watching him like a hawk counting his nights in NYC?? I wouldn't doubt it. the government does employ more people then any other mafia |
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| Author: | newper [ Tue Jan 07, 2014 11:23 pm ] |
| Post subject: | Re: Tom Hanks: Rich People problems |
jimmypasta wrote: :lol: Yeah,I know. I'm just saying that's a weird problem to have. He's bi-Coastal because everyone knows the millions of people in between Cali & NY count for shit. I'm bi-coastal if you count the Mississippi as one of the coasts. |
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| Author: | Spaulding [ Tue Jan 07, 2014 11:28 pm ] |
| Post subject: | Re: Tom Hanks: Rich People problems |
What if he didn't stay in his place in NY? Could he rent a hotel room and have it not count as one of his 149 days? |
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| Author: | Beardown [ Tue Jan 07, 2014 11:33 pm ] |
| Post subject: | Re: Tom Hanks: Rich People problems |
And what happens if he goes OVER the number of days in NY? What? He pays a fine to the IRS. Or he doesn't get a property tax write off on his NY apartment? So that's a few grand. What's that to him? Nothing. If that story is true, I can't believe Tom Hanks is actually running back to California just to avoid this fine or tax break. No way that can be true. It's not like they're gonna throw him in jail. |
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| Author: | Don Tiny [ Tue Jan 07, 2014 11:34 pm ] |
| Post subject: | Re: Tom Hanks: Rich People problems |
Pretty simple solution ...... 
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| Author: | jimmypasta [ Tue Jan 07, 2014 11:45 pm ] |
| Post subject: | Re: Tom Hanks: Rich People problems |
DT that's perfect: I actually thought the writing on that show was pretty clever & the future Mrs. Ackroyd was on it: 
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| Author: | rogers park bryan [ Wed Jan 08, 2014 10:10 am ] |
| Post subject: | Re: Tom Hanks: Rich People problems |
Beardown wrote: And what happens if he goes OVER the number of days in NY? What? He pays a fine to the IRS. Or he doesn't get a property tax write off on his NY apartment? So that's a few grand. What's that to him? Nothing. If that story is true, I can't believe Tom Hanks is actually running back to California just to avoid this fine or tax break. No way that can be true. It's not like they're gonna throw him in jail. Not having a place be your primary residence can change the taxes more than just a few thousand |
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| Author: | Brick [ Wed Jan 08, 2014 10:15 am ] |
| Post subject: | Re: Tom Hanks: Rich People problems |
Beardown wrote: And what happens if he goes OVER the number of days in NY? What? He pays a fine to the IRS. Or he doesn't get a property tax write off on his NY apartment? So that's a few grand. What's that to him? Nothing. It sounds like he is under investigation for them suspecting he has violated this rule in prior years. If so, that is tax evasion and it's more than a small fine.
If that story is true, I can't believe Tom Hanks is actually running back to California just to avoid this fine or tax break. No way that can be true. It's not like they're gonna throw him in jail. |
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