The Hobbit Hole XXVIII - Through shadows to the edge of night

http://freeper.the-hobbit-hole.net/ ^

[Corin Stormhands]

Just distract 'em with yer piles of horse poo...

[Corin Stormhands]

I'm in denial about my tax issues this year. You wouldn't believe how bad.

~I~ would...

[HairOfTheDog]

I had no withholding last year.

They switched me to a contractor instead of an employee... this is something they ~talked~ about doing, but I didn't know that they had actually done. They never send me stubs.

So there's a good side, and a bad side about not having talked to my boss since last October.

[Corin Stormhands]

Wife had no withholding for her second (and soon to be only) job. We'll have to estimate for next year. I'm mostly PO'd 'cause I didn't plan better. I had questimated that we'd come out basically even.

I was very very very very very wrong (yes, that's ~five~ "veries")

[TalonDJ]

I kinda wish they would not to withholding for ANYONE for a year or two. Then there would be a HUGE public outcry about how high taxes were... *sigh*.

[TalonDJ]

I don't suppose anyone knows which way my taxes will move after getting married? Will I get burned by having deductions at a single persons rate for most of the year and then filing married?

[Corin Stormhands]

I think you need to look at all your options...married filing jointly, married filing separately, etc. And you'll have to contend with two states as well.

[SuziQ]

I don't know what Wayne has, but I called that ambush on the road!

[TalonDJ]

Oh yeah... three actually since Jen is going home for the summer and will work there as well as at school now :P

[ecurbh]

I kinda wish they would not to withholding for ANYONE for a year or two. Then there would be a HUGE public outcry about how high taxes were... *sigh*.

Ditto... right now, it's "out of sight, out of mind." Plus, most people seem to think of a tax refund as free money. ~sigh~

[ecurbh]

Have I mentioned lately how much I hate taxes?

OK, my weekly meeting is over, time for some lunch.

[HairOfTheDog]

I kinda wish they would not to withholding for ANYONE for a year or two. Then there would be a HUGE public outcry about how high taxes were... *sigh*.

I whole-heartedly agree. Withholding should be eliminated and people should have to write checks. It'd change people's whole attitude about taxes.

As long as they are ~aware~ of it.

I should have known. I'll have penalties because I didn't pay estimates.

[TalonDJ]

You should not have penalty unless you don't pay before the 15th. Then it is based on how much you owe, so don't let it go passed. I just had to pay some of those because I had not bothered to file in the passed two years... I did not owe much though so it was not a big deal.

[SuziQ]

Sounds good, but at some point, you may need to get all that inspected so that you won't have any problems when you go to sell that house for something larger.;o)

We found out that, on the Gulf Coast, because they are having such difficulty finding enough people to do the work, you can do all the work on your own home, but you just have to have a licensed electrician, or a licensed plumber come in and 'bless' the work. Since SirKit knows how to do all that stuff, and has time to do it now, we could get a Katrina damaged house and fix it up! Who knows, maybe we could buy two or three, fix them up, and make some money out of the deal! Sounds good to me!

I was talking to my older sister this morning. She and her husband lost their house during Katrina, and I mean that literally. They've only found a few pieces of the concrete block walls since. Her husband is looking forward to our bringing 'Gimli', our little Terramite front loader/backhoe, home with us! He wants to borrow it to finish clearing their lot!

[HairOfTheDog]

I probably have a penalty for failing to pay estimates. It depends, I guess on whether our total tax owed last year is higher or lower than this year, and our income and tax went up this year.

Dad's a CPA, and he's gonna help keep me out of prison. Or we might be packin' up into the hills to live with the survival types in the forest. :~D

[SuziQ]

We like Aaron, too! I don't think he had anything to do with the attack on Wayne. In the previews, it looked like he was going through the woods calling for Wayne, but I think that was to find him before the 'bad guys' did. I suspect the slimy Veep is behind this!

[Corin Stormhands]

No, Hair's right. If you don't withhold enough or pay estimates, you'll get penalized. I'm already looking at filing an extension 'cause I just won't have that amount of cash handy on April 15.

[HairOfTheDog]

At least we don't have state income tax :~D

[HairOfTheDog]

I'll owe the tax from last year and this year's first quarter estimate both on the 15th.

[Corin Stormhands]

pfffft....I only owe the state $200.

We're due for the tax and the estimate as well. It's not going to be pretty.