Taxes

Tue Mar 04, 2003 11:07 am

I have a friend thats an accountant look over my tax records and it looks like i'm going to have to pay $4000 this year I have been trying to save up to buy a house but it looks like I am majorly screwed at this point:mad: any suggestion on what to do?? I will see if I can open up some IRA's before april 15....

oh and Stay away from credit cards whatever you do, those fuckers have been keeping me down since college

Tue Mar 04, 2003 11:23 am

move to mexico:P

Tue Mar 04, 2003 12:21 pm

that would work tow move to where the mex are

Tue Mar 04, 2003 12:25 pm

Are you talking about Puerto Rican income tax?

Tue Mar 04, 2003 12:58 pm

Wow, Joe, you ARE screwed. Maybe get a new accountant.

Good luck, man.

Tue Mar 04, 2003 1:03 pm

Originally posted by Ralph Wiggum
Are you talking about Puerto Rican income tax?

I guess me and the wife bring in too much dough.. keep in mind in PR you don't pay federal tax we should have had more money withheld during the year:(

Tue Mar 04, 2003 1:07 pm

TAXES BLAST ALL OF US. HAVE A GREAT TAX LADY, STILL PAID LOADS IN FEDERAL TAX LAST YEAR AND IN LOUISIANA WE HAVE STATE TAX ALSO!

YOU CAN WRITE OFF THE INTEREST WHEN YOU GET A PAD, HELPS!

Tue Mar 04, 2003 1:10 pm

There ya go Joe. Move back to the 50, start paying FIT again, and then buy a house asap cause its one of few tax shelters you get.

Oh yeah, one more thing, "Mama said credit cards is the devil."

Tue Mar 04, 2003 1:45 pm

Move to FL, no state income tax

Stop crying, aren't all of you conservatives happy with the President's Tax cuts?

Yeah, CCs are evil....

Tue Mar 04, 2003 2:23 pm

Originally posted by ECGNDan
Move to FL, no state income tax Stop crying, aren't all of you conservatives happy with the President's Tax cuts?

Yeah, CCs are evil....

I'm sure as hell happy with any tax cuts! My wife and I didn't buy a muffler with our "pathetic" rebate checks. We used them to take a freakin' vacation. A very nice, relaxing one at that.

Tue Mar 04, 2003 2:34 pm

we have been concidering moving to florida...my wife has family in Boca.. The problem is finding work we are making good money here which takes us back to problem # one...anyone down for robbing a bank?:ar15:

Tue Mar 04, 2003 3:02 pm

I was pretty sure that you didn't have to pay federal income tax. What are the P.R. rates like? As far as what you can do now, I am at a loss. You are able to contribute to your IRA retroactively? What about a 401(k)?

In answer to the other question: I am definitely happy with the cuts, but I still pay way too much, in my opinion. I am single, and haven't bought a house yet so they really soak me. I believe they've been withholding plenty from me, and that I only owe a couple hundred extra this year. Texas is also one of the few great states remaining without a state income tax.

Tue Mar 04, 2003 3:12 pm

Originally posted by Ralph Wiggum
I was pretty sure that you didn't have to pay federal income tax. What are the P.R. rates like? As far as what you can do now, I am at a loss. You are able to contribute to your IRA retroactively? What about a 401(k)?

I'm not sure what the rates are as my friend (certified accountant over here) did the paper work for me he was saying I have until april 15 to open IRA, as for 401k I have started a new one over here so there is basicly nothing in the account...just when I thought I was getting ahead I get smacked back down....Hopefully I will buy a house this year The one I planed on buying won't be finished until next year so i'm going to look into buying one that somone droppedout on(which are already or almost finished)

Tue Mar 04, 2003 3:26 pm

Been there done that.

Married, 2x good incomes, no house = IRS after you with a sand covered broomstick.

Tue Mar 04, 2003 3:35 pm

Don't even get me started about f'in Medicare and Social Security.