Replies: 18
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All-In [35541]
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Filed my taxes
Feb 4, 2019, 5:56 PM
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getting back about $400. Dang near broke even!
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CU Medallion [50635]
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well done,the henry's will be paying***
Feb 4, 2019, 6:01 PM
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CU Medallion [54011]
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The henry’s need to make some new babies.***
Feb 4, 2019, 6:06 PM
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Oculus Spirit [93668]
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Henry may need some help.
Feb 4, 2019, 6:48 PM
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Take the blue pill, henry.
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CU Medallion [54011]
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Oddly enough I did better than normal cause of the raised child tax credit.
Feb 4, 2019, 6:05 PM
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But from what I understand, I will have to wait at least a month before federal government processes the actual payment of the return for anyone that got either the child tax credit or earned income child tax credit. I wasn’t in a hurry but it was kind of surprising.
Either way, I’m thinking of making more babies and getting a part time job. Those tax credits ain’t no joke brah. If I could somehow weasel my way into EIC, I would be a legit season ticket holder. Nomasayin?
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All-In [35541]
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I even cashed out a 401k last year and Im no where near
Feb 4, 2019, 6:28 PM
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retirement. Im pretty proud of myself. Had my W4 set to Single 5 all year except for one bonus check where I was exempt.
Looking forward to next year when I get to claim all this tuition Im paying
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All-In [30829]
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CU Medallion [55747]
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Posts: 35292
Joined: 11/30/98
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Meeting with our accountant Friday. #I'mSkeert
Feb 4, 2019, 7:07 PM
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Past two years our accountant has had unpleasant surprises. We fired her. Have a new one. He's been great so far, but Friday it gets put to the test.
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CU Medallion [54011]
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If this one’s bad you know what that means right?
Feb 4, 2019, 7:20 PM
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Y’all were wrong about the first accountant. Time to start letting the mafia do your taxes.
How many 5K entry fees are you trying to write off? And did you know that cauliflower wings brought to a business meeting can be written off even if no one eats them? Just trying to help.
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CU Medallion [55747]
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Grazie paisan, grazie.***
Feb 4, 2019, 7:33 PM
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Oculus Spirit [75717]
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How long until you can write off all of your
Feb 5, 2019, 8:15 AM
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camera purchases? I'm still trying to sort out my podcast idea. Need to know how to quickly turn it from hobby to business to all of my beer and concerts can be deductible.
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All-In [35541]
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ya know I didn't even think about doing that
Feb 5, 2019, 11:25 AM
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but I believe I need an LLC before I can do that. Right?
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Oculus Spirit [81061]
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didn;t used to
Feb 5, 2019, 11:28 AM
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If you reported income from them, deduct them.
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All-In [35541]
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Oh nah I also shoot for free. I've never charged anyone
Feb 5, 2019, 11:31 AM
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for my photog services.
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CU Medallion [54011]
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How about that time you charged me a dollar for that photo shoot?
Feb 5, 2019, 11:35 AM
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Sounds like you took a loss in that job. Don’t forget to write it off.
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All-In [35541]
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You misunderstood. I was like "Holler!" I was saying that
Feb 5, 2019, 11:40 AM
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as I was leaving as in Hollar at you later. You chased me down and put a dollar in my hand.
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All-In [31891]
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no, you don't...
Feb 5, 2019, 11:36 AM
[ in reply to ya know I didn't even think about doing that ] |
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you just need to keep some kind of business ledgers
showing expenses and income
You basically deduct the expenses from your income so that you only pay taxes on the profits.
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All-In [35541]
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How does it work if Im a non profit organization .***
Feb 5, 2019, 11:39 AM
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Oculus Spirit [75717]
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Or an organization who simply doesn't have income?***
Feb 5, 2019, 11:44 AM
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Replies: 18
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