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How much TAX do I owe?

Discussion in 'Business Operations' started by Guardian, Mar 18, 2002.

  1. Kent Lawns

    Kent Lawns LawnSite Senior Member
    from Midwest
    Messages: 870

    Read before posting.
  2. thelawnguy

    thelawnguy LawnSite Silver Member
    Messages: 2,411

    Go to the IRS website, download form 1040 with instructions and fill out the form.

    If you're big enough boy to run your own business you should be big enough to follow simple directions and figure your own tax liability. At least a rough guesstimate. If that fails buy yourself a tax computation software application.
  3. Guardian

    Guardian LawnSite Senior Member
    from Florida
    Messages: 269

    Did you know theres a deadline on filing Sub chapter S?

    It was Friday.
  4. Charles

    Charles Moderator Staff Member
    Messages: 8,822

    How much will you owe? If you are like the rest of us you will owe alot more than you can afford. You can write off everything but your last name and you will still come out in a mfing hole. You can either stay broke buy alot of equipment and using it as write off or you can stay broke paying your taxes. Either way we are being screwed to the max.
    I just got my returns finished by an accountant and I owe 2000$$ more than I thought I would. I thought I wrote off enough crap to come out pretty good this year but nooooo.
    I know I need to pay some money into social security. But I would feel better about paying into it if our stupid government was managing it better. One day they say its going bankrupt and then they say they are going to fix it. Well who the f knows.
    All I know is alot of big corporations pay no taxes while us small businesses get the shaft
  5. RYAN

    RYAN LawnSite Member
    Messages: 211

    I owe one thousand more than I thought I would also. I don't have the money right now but I will figure something out i
    guess. Still pisses me off
  6. bridges

    bridges LawnSite Member
    from RI
    Messages: 196

    I thought it was just me.

    I owe $1,600 for last year, I thought my 4 payments of 750 was more than enough.

    Now the payments for this year is 1,100 X 4 payments.

    I'm going to have to find a second job to pay these taxes.:angry:

    What the heck are we to do?

    And they only want to $10.00 for a lawn cutting. What is up with these people:confused:
  7. Charles

    Charles Moderator Staff Member
    Messages: 8,822

    I spent the whole night tossing and turning. It took me awhile to go to sleep to begin with. Let me see. If I cut my cable off, cut my telephone services and do I really need a cell phone? Maybe sell my home and move into a box would do the trick. Cancel my health insurance and cut the thermestat down to 40 degrees. Maybe, just maybe if I do all these things I will be able to afford to pay my taxes.
    On top of all this we were paying $1.50 for a gallon of gas most of the summer last year.
    I hate to be negative but I don't see much positive in this situation.
    Oh ya, we do get to work outside:cry: :D

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