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  #11  
Old 03-25-2004, 12:25 PM
Jimbo Jimbo is offline
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Join Date: Feb 2002
Location: Central Maryland
Posts: 1,093
I cant really feel sorry for you guys. Get a load of this.

I spent a total of $1065 on tax prep fees for 2003.

A previous accountant screwed things up bad and I didnt know the wiser so I signed the papers and mailed them off. I had to have a new CPA redo 2001-2002 personal and Biz returns. He made dozens of calls to the IRS and they didnt even know how to fix things.
Finally he has everything corrected after 1K in fees.

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  #12  
Old 03-25-2004, 02:49 PM
pghlandscape pghlandscape is offline
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Join Date: Mar 2003
Location: pgh,pa.
Posts: 61
11,000+ if your paying alot in tax it means your making money
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  #13  
Old 03-25-2004, 05:26 PM
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rodfather rodfather is offline
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Join Date: Aug 2001
Location: Clinton, NJ
Posts: 9,632
If you owe alot, that means you are not sending enough for your estimated quarteries...see your accountant about that.
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  #14  
Old 03-25-2004, 06:45 PM
lbmd1 lbmd1 is offline
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Join Date: Jan 2000
Location: Coastal NH
Posts: 461
Quote:
Originally posted by MLI
owe taxes?!.....not a bad thing!.....means your making money!!
Not always, could also mean you don't have enough deductions. I would rather go out before dec 31st and buy some new equipment than give the $$$ to Uncle Sam!
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  #15  
Old 03-25-2004, 07:01 PM
Evan528 Evan528 is offline
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Join Date: Jan 2000
Location: Montgomery County, PA.
Posts: 2,144
I owe a bundle also. Last year I owed only about 2,000 additional at the end of the year. This year about 7 times that....lets just say this isnt a good start to the year for me. quite unexpected! When I think about how much I have paid for 2003 im sickend.

And Jimbo, you think 1,000 dollars to your Cpa is bad? Wanna trade bills? I paid $2600 this year to my CPA. Did I mention I hate Uncle sam with a passion?
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  #16  
Old 03-25-2004, 07:18 PM
lawnman_scott lawnman_scott is offline
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Join Date: Jan 2001
Location: st pete, FL
Posts: 7,549
Quote:
Originally posted by bugspit
Another subject that gets under the skin.

If you hate the IRS and paying taxes, and wish you had more of your earned money, there is a better way.
Check this site out, it's something that is getting some attention and gaining momentum.

http://www.fairtax.org/
Thats absolutly brilliant, the working class that spend most of their money will get taxed, and the multimillionairs that invest and bank their money wont be taxed. wooooooooooooohooooooooooo problem solved.
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  #17  
Old 03-25-2004, 07:49 PM
bobbygedd bobbygedd is offline
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Join Date: Nov 2000
Location: NJ
Posts: 10,188
i could never understand it, a bunch of guys that would enlist in the service, happily go to war, risk getting thier brains blown out, to serve thier country. BUT, ask them to pay taxes, and you're out of your mind.
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  #18  
Old 03-25-2004, 09:12 PM
specialtylc specialtylc is offline
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Join Date: Jan 2004
Location: Washington state, eastsider
Posts: 1,652
Quote:
Originally posted by rodfather
If you owe alot, that means you are not sending enough for your estimated quarteries...see your accountant about that.
I will be sending uncle sam over $17,000 on april 14. I dont send in quarterly, never have. Its not a requirement but I do have to pay about $300 late penalty.
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  #19  
Old 03-25-2004, 11:27 PM
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promower promower is offline
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Join Date: Jan 2003
Location: Wisconsin
Posts: 1,221
Why send in quarterlies when that money can sit in the bank and make you interest. I budget my income and put some aside for taxes each month, usually more then enough so I know I'm covered come end of the year.
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  #20  
Old 03-26-2004, 06:09 AM
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rodfather rodfather is offline
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Join Date: Aug 2001
Location: Clinton, NJ
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Quote:
Originally posted by promower
Why send in quarterlies when that money can sit in the bank and make you interest.
Answer...so you don't have to pay interest and penalites.
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