Taxes. How much do you owe? - FreeiPodGuide Forums

EatChex89

23-02-2006 13:21:38

I owe freaking $136.

damn it. stupid freaking IRS.

Veek

23-02-2006 13:29:02

I owe nada!

Admin

23-02-2006 13:48:34

~$1850

EatChex89

23-02-2006 14:04:25

[quote3f60a8ef07="Admin"]~$1850[/quote3f60a8ef07]

and i thought I had it bad..

Johnson

23-02-2006 14:05:04

[quote2dd8ebbfa0="Admin"]~$1850[/quote2dd8ebbfa0]

HA HAH

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HA HAH

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HA HAH

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HA HAH

HA HAH lol

tylerc

23-02-2006 14:24:19

Thank god that asshat got banned.

JUNIOR6886

23-02-2006 16:19:13

[quote811405ddfb="Admin"]~$1850[/quote811405ddfb]

how can a 19 year old owe 1850 in taxes? You must be making a shitton of money.....

I havnt filed my taxes yet (im doing it tomorrow) but i expect to actually get a massive (1k) tax return

johnjimjones

23-02-2006 16:33:32

I don't file my taxes.

double_d

23-02-2006 16:34:52

I got $1600 back

kevxross

23-02-2006 16:44:28

[quoteaf5f98827d="JUNIOR6886"][quoteaf5f98827d="Admin"]~$1850[/quoteaf5f98827d]

how can a 19 year old owe 1850 in taxes? You must be making a shitton of money.....

I havnt filed my taxes yet (im doing it tomorrow) but i expect to actually get a massive (1k) tax return[/quoteaf5f98827d]

He makes a lot of internet affiliate income and they don't take out any taxes beforehand like a normal job does, so it all comes at him at the end of the year like a punch to the face.

http//forum.freeipodguide.com/smilies_mod/upload/0de66723c22f03beb44f2f1ac59f1b8f.gif[" alt=""/imgaf5f98827d]

Admin

23-02-2006 16:49:54

While that's true, the majority of my taxes are from FiPG donations which I choose to report. I could probably get away with not reporting them, but I try to stay honest where possible. Paying those taxes is not going to present a financial hardship.

I'm not looking forward to paying 2006 taxes though. I owe probably $3k already (

Kidd

23-02-2006 16:56:11

geez admin rolls huge stacks

CollidgeGraduit

23-02-2006 18:39:35

Exactly.. you don't get taxed $1850 out of no income. Your tax is a piece of a larger pie.

Shaggy135

24-02-2006 00:27:15

I have to pay like $60 total to Missouri and Kansas for state taxes, I get back ~$550 from Virginia state and I get back ~$3600 from Federal. Big refund for me!!! HAHAHAHA!!!!

ragefu

24-02-2006 16:36:59

Yeah VA owes me money since I only made like 5k last year, not sure how much yet, I need to fill out the form

Vector

24-02-2006 17:09:14

Im getting about $40.

theysayjump

24-02-2006 17:47:10

I got $600 back from the Feds and I only worked about 12 weeks last year. I think I'm due about $180 or something from the State.

Fugger

24-02-2006 18:01:39

http/" alt=""/img517.imageshack.us/img="517/7459/taxesrus7jg.png[" alt=""/img19c7554939]

cwncool

25-02-2006 07:32:35

[quoted49efdec17="Fugger"]

http/" alt=""/img517.imageshack.us/img="517/7459/taxesrus7jg.png[" alt=""/imgd49efdec17][/quoted49efdec17]
nice!

jy3

25-02-2006 12:24:47

lol dont ask. big change in money made made this year a year to remember. gotta figure out if we can lower it with house closing costs/taxes/etc but doing it quick on turbo tax -> depressing results
-$2500 federal (DOH!)
+$300 on state
federal should go down more...state should end up around $600 but still gonna net at least 1800 negative (
need to change that w-4

megotcash

25-02-2006 16:42:38

yeah, i finally did mine last night.

~250 from feds

6...yes, only 6 dollars from kansas. i guess my employer (grocery store () has it pretty accurate.

for those of you that have gotten laptops and bigger freebies from Nuitech, what did you have to pay? something like $300??? i have no clue, but will probably have to pay some extra taxes in 2006 on some bigger things.

fgr_admin

25-02-2006 19:39:59

Damn all yall got off easy.

I guess da man likes yall

I got hit for a lil over $9k

gonna have to finish a lot more sites to pay it off, lol

jy3

25-02-2006 22:11:13

[quote46fe155a92="fgr_admin"]Damn all yall got off easy.

I guess da man likes yall

I got hit for a lil over $9k

gonna have to finish a lot more sites to pay it off, lol[/quote46fe155a92]
9k!?
wow
u need to increase what they take out from your paycheck ) just like i do, but more so!

fgr_admin

25-02-2006 23:37:31

[quoted003f23342="jy3"][quoted003f23342="fgr_admin"]Damn all yall got off easy.

I guess da man likes yall

I got hit for a lil over $9k

gonna have to finish a lot more sites to pay it off, lol[/quoted003f23342]
9k!?
wow
u need to increase what they take out from your paycheck ) just like i do, but more so![/quoted003f23342]

Lol i would but i work for myself so no paycheck, lol

I get paid to have a bad back and stare at computer screens all day

Averagejoe1039

26-02-2006 08:43:38

Well, my taxes are over 20k each year. )

tylerc

26-02-2006 10:43:33

http//home.comcast.net/~k_laster/orly.jpeg[" alt=""/img88909007d8]

megotcash

26-02-2006 10:55:21

haha. i like the original orly pics. nonetheless, i do not understand why he has 20k in taxes. what do you do Averagejoe? or, are you just raking in freebies like crazy?

Averagejoe1039

26-02-2006 11:00:52

Well, I still live with my parents.... oops and my dad makes around 60k to 70 k each year and my mom makes around 20k. When we add all ours up together, we owe about 20k each year. Not counting deductions and refunds.

UniPrize Media

26-02-2006 11:12:44

[quotec0a09d7c27="Admin"]While that's true, the majority of my taxes are from FiPG donations which I choose to report. I could probably get away with not reporting them, but I try to stay honest where possible. Paying those taxes is not going to present a financial hardship.

I'm not looking forward to paying 2006 taxes though. I owe probably $3k already ([/quotec0a09d7c27]

So do you get to deduct what you give out to people from your fusioncash site?

tylerc

26-02-2006 11:31:39

[quote205205bc80="Averagejoe1039"]Well, I still live with my parents.... oops and my dad makes around 60k to 70 k each year and my mom makes around 20k. When we add all ours up together, we owe about 20k each year. Not counting deductions and refunds.[/quote205205bc80]

Ok, so YOU don't owe 20k.

GET OUT OF YOUR HOUSE!!

Averagejoe1039

26-02-2006 11:51:37

I know, I need to move out. I guess I'm just afraid of the real world. Of course, I'm not a nerd. ;)

Admin

26-02-2006 17:08:28

[quote22c576f283="ulenie"]

So do you get to deduct what you give out to people from your fusioncash site?[/quote22c576f283]

Yes - cashouts paid are listed under 'rewards/refunds' or 'commission' on your schedule C (assuming sole proprietership). the money paid out is essentially a business expense and is deductible. i'm not a tax professional by any stretch but i've spoken with several and they all agreed that commissions paid are deductible. i mean, that's the entire reason why you need to send in a w-9 to high-priced freebie sites. so they can report the outgoing money to the irs as a justification for the deduction.