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Old 03-23-2005, 07:19 PM   #1
DirkPitt
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Tax Question

What do you think the percent of expenses to income can be declared before a red flag at the irs?
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Old 03-23-2005, 07:20 PM   #2
After Shock Media
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Use your real expenses and your real income and you will not have a problem either way.
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Old 03-23-2005, 07:21 PM   #3
Scott McD
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I got a tax bill of $6000 last week. Sucks...
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Old 03-23-2005, 07:22 PM   #4
Basic_man
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Quote:
Originally Posted by Scott McD
I got a tax bill of $6000 last week. Sucks...
Holy shit, that sucks big time !
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Old 03-23-2005, 07:24 PM   #5
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Originally Posted by Basic_man
Holy shit, that sucks big time !
I should have been putting money aside for it, but of course, it was a case of "fuck it", and got drunk alot. So i didn't save shit.

Now i'm suffer for it
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Old 03-23-2005, 07:34 PM   #6
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Quote:
Originally Posted by Lord of the fungi
Use your real expenses and your real income and you will not have a problem either way.
Yeah but I don't have all my receipts because I have bills withdrew straight from a back account. I remember seeing a percentage posted somewhere but I don't remember where or what it was.
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Last edited by DirkPitt; 03-23-2005 at 07:35 PM..
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Old 03-23-2005, 07:35 PM   #7
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Originally Posted by Lord of the fungi
Use your real expenses and your real income and you will not have a problem either way.
yep. just be honest & dont care about red flags.
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Old 03-23-2005, 07:36 PM   #8
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Well, your first smart move was to come to GFY to ask us, rather than calling a CPA, or a tax professional.. God knows that those CPA guys are a bunch of worthless overpaid fucks...
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Old 03-23-2005, 07:40 PM   #9
DirkPitt
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Well, your first smart move was to come to GFY to ask us, rather than calling a CPA, or a tax professional.. God knows that those CPA guys are a bunch of worthless overpaid fucks...
Yeah I'm surprised I haven't seen I declare all my income to expenses...fuck the irs. Asking here is potluck by hay you get some kind of answers within a minute.
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