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RecycleMichael
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« Reply #1605 on: March 23, 2014, 05:30:11 pm » |
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Oh. You post gibberish innuendo from idiots and I am the one who needs to be worried about looking bad.
Look in the mirror.
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Power is nothing till you use it.
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guido911
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« Reply #1606 on: March 24, 2014, 05:53:26 pm » |
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« Last Edit: March 24, 2014, 06:01:45 pm by guido911 »
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Someone get Hoss a pacifier.
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RecycleMichael
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« Reply #1607 on: March 24, 2014, 09:01:40 pm » |
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I just love your sources. The writer of the article (Jack Minor) you referenced is quite the piece of work. Here is some of headlines of articles he has written recently...
NOW OBAMACARE IS 'SEEING DEAD PEOPLE'
LIBERALS WORST NIGHTMARE ABOUT TO COME TRUE
FRIGHTENING NEW REASON TO FEAR POLICE
GAY LAWS SET STAGE FOR PEDOPHILIA RIGHTS
Forgive me if I want to wait for a little more confirmation than these guys are providing. Go ahead and believe them if you have to.
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Power is nothing till you use it.
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guido911
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« Reply #1608 on: March 24, 2014, 09:40:59 pm » |
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I just love your sources. The writer of the article (Jack Minor) you referenced is quite the piece of work. Here is some of headlines of articles he has written recently...
NOW OBAMACARE IS 'SEEING DEAD PEOPLE'
LIBERALS WORST NIGHTMARE ABOUT TO COME TRUE
FRIGHTENING NEW REASON TO FEAR POLICE
GAY LAWS SET STAGE FOR PEDOPHILIA RIGHTS
Forgive me if I want to wait for a little more confirmation than these guys are providing. Go ahead and believe them if you have to.
ABC News, The Hill, and Wash Post weighing in... http://gretawire.foxnewsinsider.com/video/video-matt-drudge-obamacare-and-the-liberty-tax/ |
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Someone get Hoss a pacifier.
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RecycleMichael
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« Reply #1609 on: March 25, 2014, 08:30:57 am » |
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You are quoting Greta Van Susteren?
hahahahahahahahaha
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Power is nothing till you use it.
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Hoss
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« Reply #1610 on: March 25, 2014, 08:49:11 am » |
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And of course, Drudge is paying this so-called 'liberty tax' well before the processes for paying the penalty are in place. He didn't even have to pay it.
Can anyone say 'media attention whore'?
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Libertarianism is a system of beliefs for people who think adolescence is the epitome of human achievement.
Global warming isn't real because it was cold today. Also great news: world famine is over because I just ate - Stephen Colbert.
Somebody find Guido an ambulance to chase...
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Conan71
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« Reply #1611 on: March 25, 2014, 09:26:03 am » |
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And of course, Drudge is paying this so-called 'liberty tax' well before the processes for paying the penalty are in place. He didn't even have to pay it.
Can anyone say 'media attention whore'?
Did you not read the part that the self-employed who are required to pay quarterly taxes for tax year 2014 are starting to pay this with this quarter’s remittance? Otherwise, taxpayers who do not fall into this requirement won’t have to pay until next April. |
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"It has been said that politics is the second oldest profession. I have learned that it bears a striking resemblance to the first” -Ronald Reagan
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Hoss
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« Reply #1612 on: March 25, 2014, 10:06:14 am » |
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Did you not read the part that the self-employed who are required to pay quarterly taxes for tax year 2014 are starting to pay this with this quarter’s remittance?
Otherwise, taxpayers who do not fall into this requirement won’t have to pay until next April.
I didn't say they weren't. What I am saying, however, is that the process for paying penalties is not yet even completed, and still not a requirement. Did you not read THAT?  |
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Libertarianism is a system of beliefs for people who think adolescence is the epitome of human achievement.
Global warming isn't real because it was cold today. Also great news: world famine is over because I just ate - Stephen Colbert.
Somebody find Guido an ambulance to chase...
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Red Arrow
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« Reply #1613 on: March 25, 2014, 11:44:20 am » |
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I didn't say they weren't. What I am saying, however, is that the process for paying penalties is not yet even completed, and still not a requirement. One of my friends once got into difficulty with the IRS for not anticipating a stock dividend and paying the quarterly estimate of the tax on that dividend before he even got the dividend. They wanted penalties and interest on top of the tax. He didn't object to the tax part, just the penalties and interest. Better to be safe than sorry with the IRS. |
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Cats Cats Cats
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« Reply #1614 on: March 25, 2014, 11:57:56 am » |
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"got into difficulty"? Don't you get your taxes, realize you under paid and if its over a certain amount you pay a penalty? I would figure your only difficulty is if you didn't do your taxes right and pay the penalty that was owed.
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« Last Edit: March 25, 2014, 12:17:09 pm by CharlieSheen »
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nathanm
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« Reply #1615 on: March 25, 2014, 12:26:02 pm » |
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One of my friends once got into difficulty with the IRS for not anticipating a stock dividend and paying the quarterly estimate of the tax on that dividend before he even got the dividend.
Your friend should have pointed the IRS at their own rulebook. If you pay at least last year's total tax due in quarterly payments this year you qualify for safe harbor, despite having technically underpaid (tax is due when the income is earned, not on April 15th). It's more complicated if you have both W2 and non-W2 income, since the benchmark is no longer total tax, but the effect is the same. In no case do you owe tax on income that is not yet income. For most people, that means when it is received, but again, things can get more complicated for some people. That does not mean that the IRS won't have questions for you to determine if you paid the tax when due, of course. |
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"Labor is prior to and independent of capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration" --Abraham Lincoln
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guido911
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« Reply #1616 on: March 25, 2014, 05:56:00 pm » |
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You are quoting Greta Van Susteren?
hahahahahahahahaha
Did you not watch the video? ABC News political director, The Hill, and Washington Post people were on it you confirmed jackhole. |
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Someone get Hoss a pacifier.
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Red Arrow
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« Reply #1617 on: March 25, 2014, 06:56:27 pm » |
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Your friend should have pointed the IRS at their own rulebook. If you pay at least last year's total tax due in quarterly payments this year you qualify for safe harbor, despite having technically underpaid (tax is due when the income is earned, not on April 15th). It's more complicated if you have both W2 and non-W2 income, since the benchmark is no longer total tax, but the effect is the same. In no case do you owe tax on income that is not yet income. For most people, that means when it is received, but again, things can get more complicated for some people. That does not mean that the IRS won't have questions for you to determine if you paid the tax when due, of course.
Charlie missed it. You are close. I don't remember the details as it happened at least 15 years ago and since my friend has passed away (age 92), I can't ask him. He was retired at that time and a good portion of his income was from investments. As such, his income varied from year to year. This was not an April 15th deal but more like a dividend larger than he expected that he got mid year shortly after a quarterly filing date. He paid the quarterly payment based on what he thought he was going to get. I believe he also adjusted his next quarterly payment for the amount that was underpaid. I think he eventually got it settled but of course dealing with the IRS was less than a pleasant experience. Timing was the issue and as I indicated, he never contested the amount of actual tax. |
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Conan71
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« Reply #1618 on: March 25, 2014, 08:27:19 pm » |
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As someone who has W-2 income plus pays quarterlies, and is penalty-averse, you pay everything you think you will owe. I'm not into giving the government interest-free loans and I'm pretty good at not doing that. As the saying goes amongst tax accountants: "If you are getting $5000 back, you are definitely doing it wrong!"
That said, the ACA penalty isn't something I have to worry about since I have employer-provided insurance, but if I did not, I would be paying my anticipated "penalty" or "liberty tax".
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"It has been said that politics is the second oldest profession. I have learned that it bears a striking resemblance to the first” -Ronald Reagan
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heironymouspasparagus
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« Reply #1619 on: March 25, 2014, 08:56:01 pm » |
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And of course, Drudge is paying this so-called 'liberty tax' well before the processes for paying the penalty are in place. He didn't even have to pay it.
Can anyone say 'media attention whore'?
That plus just a plain ole liar. That's what Matt Sludge has always been about. And there's a lot of Okies who really like that..... |
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"So he brandished a gun, never shot anyone or anything right?" --TeeDub, 17 Feb 2018.
I don’t share my thoughts because I think it will change the minds of people who think differently. I share my thoughts to show the people who already think like me that they are not alone.
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