The Tax Man Cometh

[TinkerTanker]

you guys aren't all committing tax fraud? I thought we all um...nevermind!

Seriously though, you have to maximize those deductions. If you're not getting money back every year you need to speak to a CPA. Just walk in and ask give him his hourly rate and ask him, "I'm making this, I deduct this, and i had to pay this. What can I do to get a ton of that and more back?"
You'd be surprised at the things you can deduct. Taxes aren't real. It's all a game and you have to play by their rules to get a fat return.

 

[dlbleak]

My goal is to break even but I don’t have my house interest, student loan or education credit anymore. I will get this straightened out for next year.

 

[MilitantBEEMER]

My wife went back to work last year and we both have zero deductions selected for our withholdings. Last week the Tax man came to the door, punched me in the face and took my savings account that we had accrued for a much need french drain.

 

[KOPBET]

1099 to ME

Policy had my name on it, not estate.


As far as State was concerned; neither were taxable income

Sounds like the State has it right. I would talk to a tax professional. Ask MetLife WTF?

 

[Parks 788]

You all would chit if I told you what my state and federal tax bill is this year! It makes my wife and I sick having to write those checks.

 

[dennishoddy]

You all would chit if I told you what my state and federal tax bill is this year! It makes my wife and I sick having to write those checks.

Because your still under Commifornika tax rules for this year.

 

[AKguy1985]

Only two things in life are certain: death and taxes.

 

[Gbonner]

Bend Over

raped from birth to death and beyond

1. Mom had a life insurance / burial policy. Cost of burial and policy were within $500. Cost covered. MetLife paid, no problems, except they sent a 1099, as income. IRS says I owe tax on the full amount.

2. Dad had purchased some Treasury Bonds, years ago. 20 year bonds in my name. HIS taxed wages used to GIVE goobermint $$$$ for a pittance in interest (interest paid with our stolen wages). Bonds redeemed and IRS steals 20% of the accrued interest.

What a F*****!!! mess. We don't stand a chance.

That’s why the rich people use a life insurance called. IUL it’a perfect non taxable income.

 

[Aries]

Only two things in life are certain: death and taxes.

But at least death doesn't get worse every year.

 

[Roy14]

We’re all just wage slaves on the tax farm. I envy my cattle.