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Re: Tax Question: Accelerating deductions for 2005
Old 12-07-2005, 05:18 PM   #21
 
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Re: Tax Question: Accelerating deductions for 2005

And we both had to pay the penalty.
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Re: Tax Question: Accelerating deductions for 2005
Old 12-07-2005, 06:31 PM   #22
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Re: Tax Question: Accelerating deductions for 2005

Quote:
Originally Posted by MJ
It's only natural, a part of you really didn't want to pay the fricken tax.
The adult in you took care of busines as usual but the child in you said "not this time".
Exactly!

I'm still reeling from the reduction in my bank account. It was hard pressing the submit payment button for the IRS and Franchise Tax Board
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Re: Tax Question: Accelerating deductions for 2005
Old 12-07-2005, 09:53 PM   #23
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Re: Tax Question: Accelerating deductions for 2005

As a wage slave on direct deposit, out of sight, out of mind... But at tax time, the total is depressingly large...
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Re: Tax Question: Accelerating deductions for 2005
Old 12-08-2005, 06:47 AM   #24
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Re: Tax Question: Accelerating deductions for 2005

It's even more depressing when you have to add several thousand to what's been taken out of your paycheck every two weeks. I have to start reminding one of my partners about two weeks before the due date, he just can't bear to pay taxes, his mind blanks it out so much so that he's been late several times to the tune of a couple thousand in penalties.
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Re: Tax Question: Accelerating deductions for 2005
Old 12-08-2005, 09:00 AM   #25
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Re: Tax Question: Accelerating deductions for 2005

Maybe...watch out for Alternative Minimum Tax
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