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?

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.

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

Making some last minute edits as we speak.

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.

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?

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.

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 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.

:321GFY

anyone else filiing for an extension?

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 :(

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

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.

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.

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.

Just got my K1 today ...

i'll plug in the numbers tomorrow =)

~Brett

Extension filing for me.

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

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.

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

The regs on home office deductions.

:)

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

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

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.

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

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

DynaMite

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

I did mine while watching the Lakers vs Portland.

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 :winkwink:

We probably moved for the same reasons hehehe life can be great and simple....offcourse the weather is nice too :1orglaugh

DynaMite

I got my Extention sent...


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

....taxes...?