One for me, nineteen for the IRS

Posted by $ jbrenner 9 years, 10 months ago to Government
40 comments | Share | Flag

I just got done paying taxes for my wife and I, for each kid, for each kid's trust, for my parents, for my mom's yearly estate bill, and for her estate (or as the IRS puts it, exit taxes) tax.

I think I need a little therapy.

All Comments

Previous comments...   You are currently on page 2.
  • Posted by $ prof611 9 years, 10 months ago
    I just got back home from getting my 1040 forms at Office Max. It could only happen in the Virgin Islands.

    Yesterday I got on my computer to download and print out the forms, as I have been doing for many years. But my printer refused to function. I tried every piece of advice I could find in order to fix it - ending up after over an hour online with Epson by realizing that the printer was kaput. They said to just take it to my nearest service center, but that's almost 100 miles away by either plane or boat, since it's in Puerto Rico. So it would cost me over.three times the original cost of the printer to go there and back.

    After tossing my printer in the ocean, I went to the local IRS office to get the forms. What forms? We're out, and won't be getting any more until next week at the earliest.

    So that's why I have wasted the better part of a day just getting the forms to fill out. Now comes the fun part where I figure out just how much more money the IRS is going to extort this year.
    Reply | Permalink  
  • Posted by scojohnson 9 years, 10 months ago
    I can sympathize, just did my taxes, my son's, my father-in-law's trust my wife manages, and a sister-in-law's, Thank God for TurboTax.

    We disposed of some ghetto-rentals the trust owned last year, I've had zero to do with the things, questions like basis cost+improvements (since 1981) with zero record keeping - well, I was creatively conservative you might say.
    Reply | Permalink  
  • Posted by Herb7734 9 years, 10 months ago
    JB:
    Are you familiar with a device called a bataka? It's a sort of small, firm, l pillow with a handle at one end. Its purpose is to grasp the handle and beat the living crap out of a mattress or another pillow. You might find that to be quite cathartic. It has kept me out of jail, many times.
    Reply | Permalink  
  • Posted by jchristyatty 9 years, 10 months ago
    Be glad you don't get all of the "government" you pay for???

    Small consolation!
    Reply | Permalink  
  • Comment hidden due to member score or comment score too low. View Comment
  • Posted by $ MichaelAarethun 9 years, 10 months ago
    They used to be called inheritance taxes now the Government Party inherits everything and there is a tax on transfer of the funds. they call it found money

    There used to be an annual exemption for gifting a certain amount to the offspring but many have there funds tied up in the value of the land they rent from the government so now it's probably gone since they can re-rent it to someone else.
    Reply | Permalink  
  • Comment hidden due to member score or comment score too low. View Comment
  • Posted by $ MichaelAarethun 9 years, 10 months ago
    Try Turbo Tax it worked when all the other resources such as CPAs failed. The last place to look for help is the 1040 instructions they have been wrong six years out of six.

    Second tidbit

    IRS does all the filings that are paying first, Then they do the ones that have refunds indicated

    If they find you owe they don't make a notification but post it on a web site called something like status of refund under http://IRS.Org the main url.

    If you don't get your refund check there chances are you owe and it's the 60 day clock ticking.

    They do not indicate why or show an adjusted 1040 just say pay this much additional and give a slight hint as to which section ....and no humans respond. Assuming there are any.

    Other than harassing the working class I can't imagine why they exist nor why anyone would vote for their two main supporters Democrats and Republicans. (Socialist left and Socialist Right wings)
    Reply | Permalink  
  • Posted by term2 9 years, 10 months ago
    I resent giving one cent to the IRS. They only use my success to bring me down and give money and power to the system. I can see why john galt had little trouble getting people to shrug. Except for DAgny and Hank, who needed to really see what was going on. AS movie brought that home in the form of Francisco ("this is a war and we need to take sides"), and Orren Boyle after the success of the John Galt Line ("we use their success to bring them down"). VERY true lines, for sure.
    Reply | Permalink  
  • Posted by $ blarman 9 years, 10 months ago in reply to this comment.
    In a just world, there wouldn't be estate taxes at all. Oh man, don't get me started...
    Reply | Permalink  
  • Posted by $ jbrenner 9 years, 10 months ago
    BTW, both Bernie and Hillary want to reduce the exemption for the estate tax from 5+ million dollars down to 3.5 million.
    Reply | Permalink  
  • Posted by $ Olduglycarl 9 years, 10 months ago
    Every time I think about taxes I feel a bit of vomit in my mouth.., taxes on taxes and the remaining amount being taxed, I am left with poverty level income in which I have to pay for the things to keep me alive in order to pay taxes and each one of those things get taxed also...being homeless looks more and more attractive every day...it just doesn't pay to pay.
    Reply | Permalink  

  • Comment hidden. Undo