Who out there has still not done their taxes? - GoFuckYourself.com

HeadPimp · 04-14-2002, 09:17 PM

I'll fess up that I am still fussing with mine. Anyone else put them off this long?

twistyneck · 04-14-2002, 09:21 PM

Haven't even started yet. I could probably just get them done in a couple hours but man, I hate doing them. I may just file the extension again this year and do them over the summer.

Vox · 04-14-2002, 09:23 PM

Haven't done mine in over 4 years... Just waiting for the vacation from ClubPen the Goverment will be sending me.

[Labret] · 04-14-2002, 09:37 PM

Making some last minute edits as we speak.

HeadPimp · 04-14-2002, 09:53 PM

I try to think of it as a game that if I play right, I win prize money... I love the IRS website by the way. Everything I ever need in language I will never fully understand.

TheEnforcer · 04-14-2002, 10:26 PM

Quote:

Originally posted by twistyneck
Haven't even started yet. I could probably just get them done in a couple hours but man, I hate doing them. I may just file the extension again this year and do them over the summer.

Um... don't you need to still do your taxes even if you file for an extension? I thought the extension was only for delaying paying what you owe?

twistyneck · 04-14-2002, 10:27 PM

Quote:

Originally posted by Vox
Haven't done mine in over 4 years... Just waiting for the vacation from ClubPen the Goverment will be sending me.

I went for years without filing once. Then one day, I had a panic attack and did them all at once. They were actually very nice about the whole thing and I didn't even get a nasty letter.

phogirl69 · 04-14-2002, 10:46 PM

I just filed an extension....

I went to a local CPA and it was pretty painless... but I still had to mail the IRS my payments.

My accountant told me that I can't deduct a portion of my rent ( I work from home) unless I use the ENTIRE area for business purposes only. Can anyone confirm if this is correct? Someone else told me that you CAN deduct a percentage of your rent for business expenses depending on how large your workspace area is.

FlyingIguana · 04-14-2002, 10:51 PM

i might do em this week

fuckin government wouldn't give me money to start my business cuss its adult, but they sure want the taxes on the money i make.

ace0r · 04-14-2002, 10:53 PM

anyone else filiing for an extension?

phogirl69 · 04-14-2002, 10:55 PM

Quote:

Originally posted by TheEnforcer

Um... don't you need to still do your taxes even if you file for an extension? I thought the extension was only for delaying paying what you owe?

Yes, you still have to pay even if you file an extension. You have to estimate the amount of money you will owe for the year and estimate your taxes based on that. My cpa told me you won't be penalized if you pay at least 80% of the amount owed.

I'm broke now

Forkbeard · 04-14-2002, 10:55 PM

Did 'em yesterday, but haven't mailed the form and the money yet.

sinmaster · 04-14-2002, 10:59 PM

Quote:

Originally posted by phogirl69
I just filed an extension....

I went to a local CPA and it was pretty painless... but I still had to mail the IRS my payments.

My accountant told me that I can't deduct a portion of my rent ( I work from home) unless I use the ENTIRE area for business purposes only. Can anyone confirm if this is correct? Someone else told me that you CAN deduct a percentage of your rent for business expenses depending on how large your workspace area is.

I have a small room 12x12 that has nothing but my computer/internet stuff in it and get to deduct a percentage of my rent/electric/phone. They view it as a dedicated office.

twistyneck · 04-14-2002, 10:59 PM

Quote:

Originally posted by phogirl69
My accountant told me that I can't deduct a portion of my rent ( I work from home) unless I use the ENTIRE area for business purposes only. Can anyone confirm if this is correct? Someone else told me that you CAN deduct a percentage of your rent for business expenses depending on how large your workspace area is.

The area you use has to be more or less sealed off from the rest of the house. The sqare footage dedicated to your desk won't cut it, it has to be a totally separate area.

That particular deduction is likely to cause trouble for you unless you are really careful about it.

[Labret] · 04-14-2002, 11:14 PM

Even though I have a home office that is used nearly 100% of the time for work, I have never written off a home office.

Every accountant I have every talked to told me that if I can just do without home office deductions, that I will be better off because it is one of the biggest audit flags and a favorite target of the IRS.

And since I have never heard of anyone walking out of an audit with their anus intact, I will live without writing it off.

BrettJ · 04-14-2002, 11:25 PM

Just got my K1 today ...

i'll plug in the numbers tomorrow =)

~Brett

Mr.Fiction · 04-14-2002, 11:31 PM

Extension filing for me.

BV · 04-14-2002, 11:33 PM

Quote:

Originally posted by [Labret]
Making some last minute edits as we speak.

Yah,
I feel like moving that decimal point one spot to the left too!
This shit just does not seem right to me.

baddog · 04-15-2002, 01:07 AM

It is 1 AM on the 15th and I just finished them, hope I have time to get to the post office tomorrow, or remember to go there.

genomega · 04-15-2002, 07:03 AM

http://www.irs.gov/pub/irs-pdf/p587.pdf

The regs on home office deductions.

zubr · 04-15-2002, 07:20 AM

not yet... i wanna wait till the last week. the forms freak me out

Brad Mitchell · 04-15-2002, 07:28 AM

I hate accounting... I don't actually do much, my CPA does it all. However, I always procrastinate reviewing everything. I need to give them a call and file the extensions!

Brad

stangster · 04-15-2002, 07:50 AM

Quote:

Originally posted by phogirl69
Can anyone confirm if this is correct?

Correct.

If you have a 3 bedroom home, you must dedicate whatever room you choose for just business purposes. Then you must calculate the percent of that space vs. the rest of the ENTIRE house. You can't just say the room is worth $500 bucks. So if you have a 180ft² room with a 1700ft² house..that's a measily 10.5 percent of your mortgage that you can claim.

It would be alot easier to just rent space from some house and claim that as your office.

DarkJedi · 04-15-2002, 08:11 AM

are you saying I have to pay taxes from money made on porn ?

ServerGenius · 04-15-2002, 08:15 AM

I live in Spain....no need to bother taxes here

DynaMite

HeadPimp · 04-15-2002, 09:03 AM

Got em done last night and I win! $700 back to me! Yeah!

Hawkeye · 04-15-2002, 09:08 AM

I did mine while watching the Lakers vs Portland.

E-van · 04-15-2002, 09:19 AM

Quote:

Originally posted by DynaSpain
I live in Spain....no need to bother taxes here

DynaMite

yup, I pay my CPA $60 a month and he takes care of everything, I don't get money back, but I don't give them a penny either, nice

ServerGenius · 04-15-2002, 09:37 AM

Quote:

Originally posted by E-van

yup, I pay my CPA $60 a month and he takes care of everything, I don't get money back, but I don't give them a penny either, nice

We probably moved for the same reasons hehehe life can be great and simple....offcourse the weather is nice too

DynaMite

Wizzo · 04-15-2002, 09:44 AM

I got my Extention sent...

The sad part is they have a "extention" too..of a different kind!!

the real magoo · 04-16-2002, 08:14 AM

....taxes...?

04-14-2002, 09:17 PM	#1
HeadPimp Bad Mo-Fo Industry Role: Join Date: Jul 2001 Location: Seattle, WA Posts: 2,772	Who out there has still not done their taxes? I'll fess up that I am still fussing with mine. Anyone else put them off this long?

04-14-2002, 09:23 PM	#3
Vox Confirmed User Industry Role: Join Date: Mar 2002 Location: Montreal Posts: 2,710	Haven't done mine in over 4 years... Just waiting for the vacation from ClubPen the Goverment will be sending me. __________________ Social profile assassination for hire

04-15-2002, 07:20 AM	#21
zubr Confirmed User Join Date: Jan 2002 Location: Toronto Posts: 1,227	not yet... i wanna wait till the last week. the forms freak me out __________________ Alex - ICQ:61889253 - MSN:zubr_zubr at hotmail.com - Skype:zubrzubr

04-15-2002, 07:28 AM	#22
Brad Mitchell Confirmed User Industry Role: Join Date: Nov 2001 Location: Southfield, MI Posts: 9,813	I hate accounting... I don't actually do much, my CPA does it all. However, I always procrastinate reviewing everything. I need to give them a call and file the extensions! Brad __________________ President at MojoHost \| brad at mojohost dot com \| Skype MojoHostBrad 71 industry awards for hosting and professional excellence since 1999

04-15-2002, 08:11 AM	#24
DarkJedi No Refunds Issued. Industry Role: Join Date: Feb 2001 Location: GFY Posts: 28,300	are you saying I have to pay taxes from money made on porn ? Last edited by DarkJedi; 04-15-2002 at 08:12 AM..

04-14-2002, 09:21 PM	#2
twistyneck So Fucking Banned Join Date: Jan 2002 Location: Hanging by the neck until dead. Posts: 4,660	Haven't even started yet. I could probably just get them done in a couple hours but man, I hate doing them. I may just file the extension again this year and do them over the summer.

04-14-2002, 09:37 PM	#4
[Labret] Registered User Industry Role: Join Date: May 2001 Location: Са́нкт-Петербу́рг Posts: 10,945	Making some last minute edits as we speak.

04-14-2002, 09:53 PM	#5
HeadPimp Bad Mo-Fo Industry Role: Join Date: Jul 2001 Location: Seattle, WA Posts: 2,772	I try to think of it as a game that if I play right, I win prize money... I love the IRS website by the way. Everything I ever need in language I will never fully understand.

04-14-2002, 10:46 PM	#8
phogirl69 Confirmed User Join Date: Jul 2001 Posts: 3,330	I just filed an extension.... I went to a local CPA and it was pretty painless... but I still had to mail the IRS my payments. My accountant told me that I can't deduct a portion of my rent ( I work from home) unless I use the ENTIRE area for business purposes only. Can anyone confirm if this is correct? Someone else told me that you CAN deduct a percentage of your rent for business expenses depending on how large your workspace area is.

04-14-2002, 10:51 PM	#9
FlyingIguana aspiring banker Join Date: Mar 2002 Location: toronto Posts: 10,870	i might do em this week fuckin government wouldn't give me money to start my business cuss its adult, but they sure want the taxes on the money i make.

04-14-2002, 10:53 PM	#10
ace0r Confirmed User Industry Role: Join Date: Feb 2001 Location: Calabasa, CA & Chicago, IL Posts: 1,410	anyone else filiing for an extension?

04-14-2002, 10:55 PM	#12
Forkbeard Confirmed User Industry Role: Join Date: Feb 2002 Location: I Roam Around Posts: 2,236	Did 'em yesterday, but haven't mailed the form and the money yet.

04-14-2002, 11:14 PM	#15
[Labret] Registered User Industry Role: Join Date: May 2001 Location: Са́нкт-Петербу́рг Posts: 10,945	Even though I have a home office that is used nearly 100% of the time for work, I have never written off a home office. Every accountant I have every talked to told me that if I can just do without home office deductions, that I will be better off because it is one of the biggest audit flags and a favorite target of the IRS. And since I have never heard of anyone walking out of an audit with their anus intact, I will live without writing it off.

04-14-2002, 11:25 PM	#16
BrettJ ol' timer Industry Role: Join Date: Jan 2001 Location: Seattle WA Posts: 4,715	Just got my K1 today ... i'll plug in the numbers tomorrow =) ~Brett

04-14-2002, 11:31 PM	#17
Mr.Fiction Confirmed User Join Date: Feb 2002 Location: Free Speech Land Posts: 9,484	Extension filing for me.

04-15-2002, 01:07 AM	#19
baddog So Fucking Banned Industry Role: Join Date: Apr 2001 Location: the beach, SoCal Posts: 107,089	It is 1 AM on the 15th and I just finished them, hope I have time to get to the post office tomorrow, or remember to go there.

04-15-2002, 07:03 AM	#20
genomega Confirmed User Join Date: Feb 2002 Location: NW Florida Posts: 1,190	http://www.irs.gov/pub/irs-pdf/p587.pdf The regs on home office deductions.

04-15-2002, 08:15 AM	#25
ServerGenius Confirmed User Join Date: Feb 2002 Location: Amsterdam Posts: 9,377	I live in Spain....no need to bother taxes here DynaMite __________________ \| http://www.sinnerscash.com/ \| ICQ: 370820 \| Skype: SinnersCash \| AdultWhosWho \|

04-15-2002, 09:03 AM	#26
HeadPimp Bad Mo-Fo Industry Role: Join Date: Jul 2001 Location: Seattle, WA Posts: 2,772	Got em done last night and I win! $700 back to me! Yeah!

04-15-2002, 09:08 AM	#27
Hawkeye Confirmed User Join Date: Feb 2002 Location: Los Angeles Posts: 1,291	I did mine while watching the Lakers vs Portland.

04-15-2002, 09:44 AM	#30
Wizzo 2011 GFY Hall of Fame! Industry Role: Join Date: Nov 2000 Location: Back in Texas! Posts: 15,224	I got my Extention sent... The sad part is they have a "extention" too..of a different kind!! __________________ Looking for Opportunity!

04-16-2002, 08:14 AM	#31
the real magoo So Fucking Banned Join Date: Sep 2001 Location: EU Posts: 1,637	....taxes...?