IRS Trouble

[Gordon Gekko]

Quote from silk:

You always seemed like a reasonable guy who just had some tough breaks as a trader.

Now i see you got far bigger problems. Any moron knows you have to file a return yearly. Or at least file for an extension if you are going to be late.

Get with the program dude.

hey maybe if i could afford to pay accountants to do everything for me like probably you guys i wouldn't be in this situation. if you were struggling to make it you would be pinching pennies, too.

 

[pspr]

The IRS and God - your two biggest problems! Or are there others we don't know about? You make a great contrarian - always zig when the rest of the world zags and to h*ll with what is right.

 

[snooptrader]

Quote from jem:

gg I have routinely paid my taxes on time but filed a late return- my business accountant was not to timely and told me besides it is better to file the return a little late. As long as you paid you are golden. Just call the fricken irs lady up ( they have become friendly the last two years). Tell her your deal and she will be cool and ask you when you will file. It is a nice touch that you are saving money to have it done right.

By the way you can not be thrown in jail for this. If you committed fraud that might be jail time but not getting your return in is almost your constitutional right.

Those tax protesters (probably incorrectly) talk about not signing your return.
There are laws in this country that state debtors can not go to jail and I have never heard of anyone go to jail for tax problems unless they were convicted liars.

I know of one lawyer in new york who wrote off everything he did and spent because he said it was related to promoting his business. He battled the irs for years. He never went to jail, they just took the money they said they were owed from his estate when he died.

Chill out the IRS is friendly now.

Dude - this is not true. Your accountant may have sent your return in late, but he probably filed an extension. GG did not do anything.

He is not "golden" if he just sent them a check without a return, or did not file an extension. He is in trouble. Don't give out bad advice.

 

[snooptrader]

Quote from Gordon Gekko:


hey maybe if i could afford to pay accountants to do everything for me like you guys i wouldn't be in this situation. if you were struggling to make it you would be pinching pennies, too.

Thus far people have told you about TurboTax, Kiplinger, and cheaper than $500 tax preparers. You obviously have not read the posts, as you are still talking about having to pay accountants. This is why people do not like you - you are stupid.

 

[Gordon Gekko]

Quote from kgharris:



Oh, that makes a difference.

GG, you HAVE to send in a tax return or it doesn't matter how much money you send. Unless you file for an extension - which, btw, was another option you had.

Glad that out of everything in my post you chose to focus on correcting me about the amount of money you paid.

i didn't say it made a difference, i was just correcting what you said.

i actually did file an extention...twice.

 

[Gordon Gekko]

Quote from silk:

You always seemed like a reasonable guy who just had some tough breaks as a trader.

Now i see you got far bigger problems. Any moron knows you have to file a return yearly. Or at least file for an extension if you are going to be late.

Get with the program dude.

i know you have to file yearly.

eventually when i have some money i'll have someone help and i'll file on time.

when you are young and struggling you have to pinch pennies. that's what i'm doing. if the tax code was in english, i would have sent it in already.

 

[maggandre]

Quote from jem:

gg I have routinely paid my taxes on time but filed a late return- my business accountant was not too timely and told me besides it is better to file the return a little late. As long as you paid you are golden. Just call the fricken irs lady up ( they have become friendly the last two years). Tell her your deal and she will be cool and ask you when you will file. It is a nice touch that you are saving money to have it done right.

By the way you can not be thrown in jail for this. If you committed fraud that might be jail time but not getting your return in is almost your constitutional right.

Those tax protesters (probably incorrectly) talk about not signing your return.
There are laws in this country that state debtors can not go to jail and I have never heard of anyone go to jail for tax problems unless they were convicted liars.

I know of one lawyer in new york who wrote off everything he did and spent because he said it was related to promoting his business. He battled the irs for years. He never went to jail, they just took the money they said they were owed from his estate when he died.

Chill out the IRS is friendly now.

As an accountant who prepared taxes for over ten years, I would dispute most of what is in this post. If it works for you, fine. But I would not advise anyone to continuously file late without an extension.

"If you committed fraud that might be jail time but not getting your return in is almost your constitutional right." Again, without filing an extension, you are playing with fire. This reminds me of those infomercials around March/April every year that talk about how you don't have to pay taxes at all. Just buy the program for $99.99 and they will tell you how...

 

[Gordon Gekko]

Quote from snooptrader:



Dude - this is not true. Your accountant may have sent your return in late, but he probably filed an extension. GG did not do anything.

He is not "golden" if he just sent them a check without a return, or did not file an extension. He is in trouble. Don't give out bad advice.

i read somewhere they can't fine you if you overpay on time but file late. look it up.

i did file 2 extensions, but yes, it's still late.

i'm not defending myself saying i'm totally innocent here. i'm just saying the tax system is a joke and they should not be threatening to send me to jail for something like this.

 

[Gordon Gekko]

Quote from snooptrader:



Thus far people have told you about TurboTax, Kiplinger, and cheaper than $500 tax preparers. You obviously have not read the posts, as you are still talking about having to pay accountants. This is why people do not like you - you are stupid.

STFU

 

[maggandre]

Quote from Gordon Gekko:


i know you have to file yearly.

eventually when i have some money i'll have someone help and i'll file on time.

when you are young and struggling you have to pinch pennies. that's what i'm doing. if the tax code was in english, i would have sent it in already.

Taxes ARE a pain in the ass, but come on - they are not that complicated. Do you own your own house? Business? Do you itemize? There are so many things I am sure you do not have to worry about, Gordon. Why do you keep complaining about how hard it is? Spend a weekend afternoon with a book or a tax prep program. Seriously, put in a little effort - if you can add or subtract you can do this yourself. And, with a tax prep program all you have to do is answer the questions - for God's sake! You don't even have to know how to add or subtract.