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View Full Version : Friendly Reminder for All US Residents


Naga Royal Guard
02-22-2005, 06:02 PM
Your Income taxes are due on April 15th, which is like really soon so get em done yall'. <IMG NAME="icon" SRC="http://www.germancarfans.com/images/forums/laugh2.gif" BORDER="0"> <IMG NAME="icon" SRC="http://www.germancarfans.com/images/forums/cool.gif" BORDER="0">

Cozz
02-22-2005, 10:10 PM
I already did mine last week. <IMG NAME="icon" SRC="http://www.germancarfans.com/images/forums/ylsuper.gif" BORDER="0"> <IMG NAME="icon" SRC="http://www.germancarfans.com/images/forums/banana.gif" BORDER="0">

Andre
02-22-2005, 11:14 PM
I usually wait until right after my birthday (crappy reminder, eh?)<p>Birthday is March 15

knicks125
02-23-2005, 06:08 AM
A friendlier reminder that i'd be happy to prepare taxes for CSS members for a nominal fee (huge discounts do apply, please inquire within)<p>lol...j/k <IMG NAME="icon" SRC="http://www.germancarfans.com/images/forums/biggrin.gif" BORDER="0"> <IMG NAME="icon" SRC="http://www.germancarfans.com/images/forums/biggrin.gif" BORDER="0"> <IMG NAME="icon" SRC="http://www.germancarfans.com/images/forums/biggrin.gif" BORDER="0"> <IMG NAME="icon" SRC="http://www.germancarfans.com/images/forums/biggrin.gif" BORDER="0">

Santeno
02-23-2005, 08:00 AM
I'm getting ready to do mine. I just have to go and max out an IRA for the year first so I can reduce my taxable income.

Naga Royal Guard
02-23-2005, 08:37 AM
yeh, they uped to max ira contribution for this tax year

knicks125
02-23-2005, 08:43 AM
and it's going to continue to go up for the next couple of years <IMG NAME="icon" SRC="http://www.germancarfans.com/images/forums/beigesmilewinkgrin.gif" BORDER="0">

Naga Royal Guard
02-23-2005, 09:00 AM
as long as they dont lower it, that would Suck!

knicks125
02-23-2005, 09:18 AM
and given you have enough $$$ saved for the IRA, and all of these don't mean anything if you are currently covered under a pension plan

Cozz
02-23-2005, 06:20 PM
Talking about IRA's, I just used $10K from my IRA towards my new home that I bought. Problem is, my tax guy is taxing me on the $10K when I don't think he can about 20% in taxes. He said he looked at the taxable amount that my bank had on the paper but how is the bank going to know where the money is going? All the bank does is open and closes accounts and gives the report at the end of the year. It's up to my tax idiot to know what laws work for me...no?<p>I'm so screwed...<p>Anyone got any info on what should be done? He's gonna give me a call by the end of the week.

anonms
02-23-2005, 08:13 PM
I have no income to be taxed. Yay. The joys of my parents not letting me get a part-time job to occupy the copious amounts of free time that I have<p>My brother's birthday is income tax day.<p>XD

knicks125
02-24-2005, 07:24 AM
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>Cozz</b> &raquo;</i></TD></TR><TR><TD CLASS="quote">Talking about IRA's, I just used $10K from my IRA towards my new home that I bought. Problem is, my tax guy is taxing me on the $10K when I don't think he can about 20% in taxes. He said he looked at the taxable amount that my bank had on the paper but how is the bank going to know where the money is going? All the bank does is open and closes accounts and gives the report at the end of the year. It's up to my tax idiot to know what laws work for me...no?<p>I'm so screwed...<p>Anyone got any info on what should be done? He's gonna give me a call by the end of the week.</TD></TR></TABLE><p>Cozz what kind of IRA is it? If it's the regular IRA (not Roth), then whatever you take out is taxed (to offset the deduction you got when you purchase the IRA). 20% isn't that bad, right? If you want, let me know the specifics, maybe I'd be able to help you <IMG NAME="icon" SRC="http://www.germancarfans.com/images/forums/beigesmilewinkgrin.gif" BORDER="0"> <p>chibi ichigo, just had a thought...maybe we should have 4/15 as a holiday, so people can get their taxes done <IMG NAME="icon" SRC="http://www.germancarfans.com/images/forums/beigesmilewinkgrin.gif" BORDER="0">

Cozz
02-24-2005, 06:56 PM
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>knicks125</b> &raquo;</i></TD></TR><TR><TD CLASS="quote"><p>Cozz what kind of IRA is it? If it's the regular IRA (not Roth), then whatever you take out is taxed (to offset the deduction you got when you purchase the IRA). 20% isn't that bad, right? If you want, let me know the specifics, maybe I'd be able to help you <IMG NAME="icon" SRC="http://www.germancarfans.com/images/forums/beigesmilewinkgrin.gif" BORDER="0"> <br> </TD></TR></TABLE><p>Hmmm, I don't know. I guess it's a regular IRA. I'll have to call the bank tomarrow and get more details. We got some cash acouple of years ago from stocks and decided to throw it in a IRA.<p>But is there a tax law that sais I can use $10K towards the purchase of a new home as long as you're a first time home buyer? <IMG NAME="icon" SRC="http://www.germancarfans.com/images/forums/1zhelp.gif" BORDER="0"> <p>I think they charged me 10% twice for some odd reason instead of the srtaight 20%.

knicks125
02-24-2005, 07:03 PM
Cozz, I looked up Google and found this:<p>Now the law allows individuals to receive distributions from their traditional IRAs to pay up to $10,000 of first-time homebuyer expenses without incurring the 10% early withdrawal penalty that usually applies to withdrawals from a traditional IRA before age 59 1/2. <B>But, even though the penalty is waived, you will still be required to pay taxes (as applicable) on the traditional IRA withdrawal itself.</B><p>- Fool.com<p>You can read the whole article here: <A HREF="http://www.fool.com/money/allaboutiras/allaboutiras12.htm" TARGET="_blank">http://www.fool.com/money/alla...2.htm</A><p>Does that help?

knicks125
03-15-2005, 09:45 AM
And, there is only a month left, exactly, let the countdown begin...I can already see people jamming up to the post office at 11:59pm on 4/15 <IMG NAME="icon" SRC="http://www.germancarfans.com/images/forums/biggrin.gif" BORDER="0"> <p>The below still apply <IMG NAME="icon" SRC="http://www.germancarfans.com/images/forums/biggrin.gif" BORDER="0"> <IMG NAME="icon" SRC="http://www.germancarfans.com/images/forums/biggrin.gif" BORDER="0"><p><TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>knicks125</b> &raquo;</i></TD></TR><TR><TD CLASS="quote">A friendlier reminder that i'd be happy to prepare taxes for CSS members for a nominal fee (huge discounts do apply, please inquire within)<p>lol...j/k <IMG NAME="icon" SRC="http://www.germancarfans.com/images/forums/biggrin.gif" BORDER="0"> <IMG NAME="icon" SRC="http://www.germancarfans.com/images/forums/biggrin.gif" BORDER="0"> <IMG NAME="icon" SRC="http://www.germancarfans.com/images/forums/biggrin.gif" BORDER="0"> <IMG NAME="icon" SRC="http://www.germancarfans.com/images/forums/biggrin.gif" BORDER="0"> </TD></TR></TABLE>

BMW rulez
03-15-2005, 11:25 AM
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>Andre</b> &raquo;</i></TD></TR><TR><TD CLASS="quote">I usually wait until right after my birthday (crappy reminder, eh?)<p>Birthday is March 15</TD></TR></TABLE><p>Happy Birthday!! <IMG NAME="icon" SRC="http://www.germancarfans.com/images/forums/tuut.gif" BORDER="0"> <IMG NAME="icon" SRC="http://www.germancarfans.com/images/forums/banana.gif" BORDER="0">

LoneWolf
03-15-2005, 11:25 PM
Another $1600 down the drain to support useless social programming and government waste.<p>But I'm not bitter! ;-)

knicks125
03-16-2005, 06:30 AM
Agreed, although doesn't that mean you didn't pay enough taxes for the year?

knicks125
04-15-2005, 05:37 AM
Get your taxes done...they are due today!!!!

Naga Royal Guard
04-15-2005, 08:38 AM
my library books were due today lol

knicks125
04-15-2005, 10:31 AM
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>Naga Royal Guard</b> &raquo;</i></TD></TR><TR><TD CLASS="quote">my library books were due today lol</TD></TR></TABLE><p>well better get that in as well...lol<p>just get everything in...who cares they are due or not <IMG NAME="icon" SRC="http://www.germancarfans.com/images/forums/biggrin.gif" BORDER="0">

Andre
04-15-2005, 11:19 AM
Got mine in over a week ago :D

knicks125
04-15-2005, 11:33 AM
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>Andre</b> &raquo;</i></TD></TR><TR><TD CLASS="quote">Got mine in over a week ago :D</TD></TR></TABLE><p> <IMG NAME="icon" SRC="http://images.zeroforum.com/smile/emthup.gif" BORDER="0"> <p>Received my federal refunds two weeks ago; New York State today - considerably less, damn NY with little or no deductions <IMG NAME="icon" SRC="http://www.germancarfans.com/images/forums/biggrin.gif" BORDER="0">