The Conservative Cave
Current Events => The DUmpster => Topic started by: SSG Snuggle Bunny on March 01, 2011, 06:53:00 AM
-
Mimosa Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Tue Mar-01-11 01:19 AM
Original message
Has the IRS threatened to take your home for small tax debts (under 10K)? Goodbye from Mimosa.
Edited on Tue Mar-01-11 01:27 AM by Mimosa
This might well be my last post on Democratic Underground. regard this as my 'goodbye' post, although I don't want to go. :( *crying*
I am scared the gov will get mad because I post the wrong things. I have reason to believe this.
My partner and I usually bring in under 50K a year but health care out of pocket expenses including premiums and Rxs cost us well over 12K. Being self employed, paying for helth insurance premiums as well as trying to keep up with self-employed FICA mean we fall behind *all the time*.
Usually we can make payment deals with the IRS. But lately they are saying NO. We owe 8K for taxes. Sale of our condo in this down market might not reap them that 8K. Mortgage might be underwater. But the IRS TODAY sent a letter stating they will file to take away our unpaid for condo. We bought it 4.5 years ago. The value has gone down. But the fear of losing my roof and home is scaring me to death. let me stress again that I am in the under 50K income level and am approaching age 60.
So the federal government is threatening to take away our home because my partner and I can't afford to keep paying 12K a year for health insurance premiums and also pay quarterly taxes. There is no way to pay health insurance premiums and taxes at the same time. We are broke.
But the IRS rep said they send out the 'we will file to foreclose on your house' letters all the time. She said they do it to 'get attention'.
I'm scared. I'm very scared, and sick. I'm not on SSI. I have no means. My partner works 12 hours a day to pay our bills. Tthis might be near my last post on D.U.. :(
The government needs big money for the continuing wars. They don't seem to be going after it from the rich people who profit from wars.
But, I'm an idiot. I'm low hanging fruit. They've scared me. I think they know I post here and say all the wrong things. I think the intimidation factor is playing out.
I don't want to leave D.U. ever. But I know i have posted all the wrong things. *crying*
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x530923
You get this bullshit (even if 100% factual it is still bullshit)?
What you are seeing here is:
1) boohoo! We're gay and society treats those who are different differently. If only we could file as married.
2) boohoo! We don't have national health single-payer care.
And yet...and yet...
...for all the idiotic advice and even more idiotic *hugs* not one DUmbass has pointed out that health care is deductible...because there is no reason to ruin a good pity party that can be used to bash the opposition. If they deducted their itemized costs they would be making less than $38,000 by its own reckoning.
-
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x530923
You get this bullshit (even if 100% factual it is still bullshit)?
What you are seeing here is:
1) boohoo! We're gay and society treats those who are different differently. If only we could file as married.
2) boohoo! We don't have national health single-payer care.
And yet...and yet...
...for all the idiotic advice and even more idiotic *hugs* not one DUmbass has pointed out that health care is deductible...because there is no reason to ruin a good pity party that can be used to bash the opposition. If they deducted their itemized costs they would be making less than $38,000 by its own reckoning.
You forget, these are the "smartest people on the planettm"
"THEY" know what's best, for ALL of us. IF only "THEY" were in charge. (I thank God every day "THEY" aren't!)
-
Seems odd to me that the intelligent elite have such crappy lives. :lmao:
-
Sonoman (824 posts) Mon Feb-28-11 08:29 PM
Response to Original message
6. ...
Filing a lien would be their most probable tactic, in my opinion and from my experiences with the bastards. I owe them brazillions of dollars
I thought the DUmmise LOVED LOVED LOVED taxes. "I am proud and happy to pay my taxes!"
-
Seems odd to me that the intelligent elite have such crappy lives. :lmao:
I bring that up all the time to left-wing loons at my sports board. "If you libs are the enlightened ones, and know how to fix everything....and are the most intelligent, why is it that you idiots are ALWAYS the ones that can't do something as menial as tie your f'n shoes without government intervention?"
-
Exactly. I have nice things. My kids never go without. I also work 3 jobs to make it all work out. I've never had a car repoed. I've never had a house repoed. I've NEVER TAKEN GOVERNMENT ASSITANCE. My life pretty much kicks ass.
-
Exactly. I have nice things. My kids never go without. I also work 3 jobs to make it all work out. I've never had a car repoed. I've never had a house repoed. I've NEVER TAKEN GOVERNMENT ASSITANCE. My life pretty much kicks ass.
Funny how they're all into evolution, but don't seem to agree with one, main tenet of the evolutionary chain known by it's street name as Darwinism. Anywhere else in the animal kingdom these idiots would be either dead or subservient. ...and they think they're the ones that should lead the pack? :whatever:
-
This tale of woe from the DUmp as they all do resembles this...
(http://1.bp.blogspot.com/_MSkNpsrtnzc/Srp_h6JxlZI/AAAAAAAAACk/5G1VJBEa4TQ/s320/Swiss+Cheese.jpg)
-
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x530923
You get this bullshit (even if 100% factual it is still bullshit)?
What you are seeing here is:
1) boohoo! We're gay and society treats those who are different differently. If only we could file as married.
2) boohoo! We don't have national health single-payer care.
And yet...and yet...
...for all the idiotic advice and even more idiotic *hugs* not one DUmbass has pointed out that health care is deductible...because there is no reason to ruin a good pity party that can be used to bash the opposition. If they deducted their itemized costs they would be making less than $38,000 by its own reckoning.
It's a rather incoherent ramble, much reference to mimosa being self-employed but all the talk about actual work is that of the partner.
-
First, they told me if I voted for McCain that the IRS would take people's homes and kick them out on the street....
Schedule SE is a very evil form. There is no deductions it was a straight 15.3% FICA and 2.9% medicare. However under the tax hike known as Obama HellCare medicare is now 4.5%. So that is 18.2% off your income up to $107,000. Employees only pay half and your employer pays half, which could be going to the employee but goes to Big Government.
I'll assume that the $50K is the net profit from Sched C and his premiums are $12k/year.
50K*.182 = $9100 (which you can deduct 50% of $4500).
$50000-4500-12000=$33500
Stick with the standard deduction of $5700 and exemption of $3650 and your adjusted gross income is $24,150.
Income tax as a single filer is $3201
TOTAL PAID TO BIG GOVERNMENT IS $9100+$3201= $12301.
Take home without state and city income taxes is $37,699 or netting $725/week.
After taking out insurance $37,699-$12,000=$25,699 or $494/week net.
That does not include the 12hr/day that it's partner works. Sounds to me like someone made a bad decision in buying an overpriced condo and a loan that was unsustainable or a bouncy and a bad one at that.
DUmmies lie, DUmmies lie all the time.
-
It's a rather incoherent ramble, much reference to mimosa being self-employed but all the talk about actual work is that of the partner.
booty call = work
-
booty call = work
I was thinking "Pot dealer," but I think we're on the same track...
-
DUmmy Mimosa nails it:
Mimosa Donating Member (1000+ posts) Tue Mar-01-11 01:19 AM
Original message
But, I'm an idiot.
-
It's a rather incoherent ramble, much reference to mimosa being self-employed but all the talk about actual work is that of the partner.
Heaven forbid the 'fag' get a job and help out. What did they do, buy a condo when congress made the banks loan money to asshats like this that didn't have a prayer in payin' it back? Boo ****in' Hoo! It says it's "partner" is "self employed". What the hell does that mean? If you are responsible for your own taxes, aren't ya supposed to put enough away in order to pay said taxes?
One other thing, did this asshat ever hear of the "Head of Household" filing status? It amounts to the same as married filing jointly. The "Head" of the house uses the slacker, who does nothing, as a dependent!
-
I'm scared. I'm very scared, and sick. I'm not on SSI. I have no means. My partner works 12 hours a day to pay our bills. Tthis might be near my last post on D.U..
Good Gawd! What a pathetic bucket of self deprecating mush. :asshat:
Last time I checked there are innumerable positions in the modern workplace consisting of sitting at a keyboard and typing. If this drama queen can post a Harlequin novel of woe then he-she can get off the pedestal and get a freakin' job! :bs:
-
This tale of woe from the DUmp as they all do resembles this...
(http://1.bp.blogspot.com/_MSkNpsrtnzc/Srp_h6JxlZI/AAAAAAAAACk/5G1VJBEa4TQ/s320/Swiss+Cheese.jpg)
and don't forget the wine
-
and don't forget the wine
You mispelled "whine".
:-)
These are liberals we're talking about after all.
:cheersmate:
-
Firstly -- Sounds like the primitives bought more home than they could afford.
Secondly -- The primitive should be able to find at least a part-time job as a register jockey at Walmart.Oh wait, they hate Walmart..Nevermind.
Thirdly -- Why is the primitive wasting it's time whining about it on DU ? Nearly any advice a primitive gives is bad advice -- save for how to turn almost any object into a bong, and where to go to score something good to use with said bong..
Finally -- If the primitive is hoping to stir up his own fund drive on DU, Skins will shut that down instantly. One does not interfere with skin's income and gets away with it.
-
The primitive should be able to find at least a part-time job as a register jockey at Walmart.Oh wait, they hate Walmart..Nevermind.
Why do they hate Walmart?? Walmart will take their EBT cards......
-
Why do they hate Walmart?? Walmart will take their EBT cards......
Wal-Mart refuses to jack its prices by 30% to accomodate union salaries, ergo Wal-Mart must die.
-
Why do they hate Walmart?? Walmart will take their EBT cards......
There are a lot of reasons for primitives to like Walmart - but they view it with contempt since the company is based out of Arkansas. - They look down on it as a 'redneck' chain store.Walmart is also non union. Anyway, Primitives make sites LIKE THIS ONE (http://www.peopleofwalmart.com)to show the world how much better they are than the average Walmart shopper..
-
There are a lot of reasons for primitives to like Walmart - but they view it with contempt since the company is based out of Arkansas. - They look down on it as a 'redneck' chain store.Walmart is also non union. Anyway, Primitives make sites LIKE THIS ONE (http://www.peopleofwalmart.com)to show the world how much better they are than the average Walmart shopper..
No way do we want unions!!! Many associates as it is can't afford day to day living to have to pay union dues(especially the part timers) which is the bulk of Walmart Associates. We have many people from all walks of life come to Walmart. Plus , I don't know if many retail giants that are unionized. Though I have heard that some Walmarts are unionized, don't know how true that is however.....
-
Mimosa Donating Member (1000+ posts) Tue Mar-01-11 01:19 AM
Original message
Has the IRS threatened to take your home for small tax debts (under 10K)? Goodbye from Mimosa.
Edited on Tue Mar-01-11 01:27 AM by Mimosa
My partner and I usually bring in under 50K a year but health care out of pocket expenses including premiums and Rxs cost us well over 12K. Being self employed, paying for helth insurance premiums as well as trying to keep up with self-employed FICA mean we fall behind *all the time*.
So the federal government is threatening to take away our home because my partner and I can't afford to keep paying 12K a year for health insurance premiums and also pay quarterly taxes. There is no way to pay health insurance premiums and taxes at the same time. We are broke.
I'm scared. I'm very scared, and sick. I'm not on SSI. I have no means. My partner works 12 hours a day to pay our bills.
Ok. Something seems fishy here DUmmie. In sentence one, you say that you and your partner work for under 50K a year. Then in the last sentence, you say that your partner works 12 hours a day to pay the bills.
So, Mimosa, do you work or don't you? Me thinks your post deserves NO BONG!!
-
If I was in decent health I think I'd find a way to lower my health care premiums and use that extra money to the IRS. I'd either get less coverage or maybe just get catastrophic coverage. I might even do without it for a bit if that's what it took.
I bet they waited til the IRS had threatened them a number of times before they actually called them. We owed one year and couldn't pay it all at once. They were great to work with. They set up a payment plan we could afford and gave us a very low interest rate.
Cindie
-
There are a lot of reasons for primitives to like Walmart - but they view it with contempt since the company is based out of Arkansas. - They look down on it as a 'redneck' chain store.Walmart is also non union. Anyway, Primitives make sites LIKE THIS ONE (http://www.peopleofwalmart.com)to show the world how much better they are than the average Walmart shopper..
I think peopleofwalmart is one of the funniest sites on the whole innertube.
-
If I was in decent health I think I'd find a way to lower my health care premiums and use that extra money to the IRS. I'd either get less coverage or maybe just get catastrophic coverage. I might even do without it for a bit if that's what it took.
I bet they waited til the IRS had threatened them a number of times before they actually called them. We owed one year and couldn't pay it all at once. They were great to work with. They set up a payment plan we could afford and gave us a very low interest rate.
Cindie
Hell, I owed 'em $322 last year, filed and extension and made a deal they would just keep it from what i gave 'em this year.
It ain't a big deal unless of course you get so far behind you run into the thousands.
-
I think peopleofwalmart is one of the funniest sites on the whole innertube.
The sad irony is damn near all of the people 'spotlighted' are primitives..
-
The sad irony is damn near all of the people 'spotlighted' are primitives..
If not Island primitives, then they at least vote the same way.
-
OK, I wandered over to PeopleofWalmart, and there was a link there at the top to "White Trash Repairs." Funniest damn thing. Check it out.
-
OK, I wandered over to PeopleofWalmart, and there was a link there at the top to "White Trash Repairs." Funniest damn thing. Check it out.
Is it similar to thereifixedit (http://thereifixedit.failblog.org/) ?
-
If I was in decent health I think I'd find a way to lower my health care premiums and use that extra money to the IRS. I'd either get less coverage or maybe just get catastrophic coverage. I might even do without it for a bit if that's what it took.
I bet they waited til the IRS had threatened them a number of times before they actually called them. We owed one year and couldn't pay it all at once. They were great to work with. They set up a payment plan we could afford and gave us a very low interest rate.
Cindie
Several many years ago, based on some incorrect info provided by my Moonbat Aunt I ended up owing the IRS a nice ole honking chunk of change. As soon as I got the letter, I consulted a friend of mine who was a CPA, and he helped me draft a letter to the IRS. They took pity on me, waived my penalties, and set up a payment plan, for auto draft. They even let me pick the day for the autodraft.
-
Several many years ago, based on some incorrect info provided by my Moonbat Aunt I ended up owing the IRS a nice ole honking chunk of change. As soon as I got the letter, I consulted a friend of mine who was a CPA, and he helped me draft a letter to the IRS. They took pity on me, waived my penalties, and set up a payment plan, for auto draft. They even let me pick the day for the autodraft.
My late Dad had a rather unique theory on capital gains taxation, to which the IRS took serious exception after they finally caught up to him on it, and although they socked pretty heavily with a lump sum on it, deducted from his retirement by payroll deduction; in terms of back taxes, penalties, and interest, they actually let him off pretty lightly and stretched the plan over two years. While there are some of them who are dicks, by and large my experience with them is that they are pretty reasonable people.
-
My late Dad had a rather unique theory on capital gains taxation, to which the IRS took serious exception after they finally caught up to him on it, and although they socked pretty heavily with a lump sum on it, deducted from his retirement by payroll deduction; in terms of back taxes, penalties, and interest, they actually let him off pretty lightly and stretched the plan over two years. While there are some of them who are dicks, by and large my experience with them is that they are pretty reasonable people.
I was much younger at the time, and I consider myself fortunate to have known this CPA that I did. He advised me to send my mea culpa letter ASAP. The situation could have been a lot worse, but owning up to the mistake with them and arranging a payment plan seemed to make the situation a lot less painful.
-
I was much younger at the time, and I consider myself fortunate to have known this CPA that I did. He advised me to send my mea culpa letter ASAP. The situation could have been a lot worse, but owning up to the mistake with them and arranging a payment plan seemed to make the situation a lot less painful.
Sound advice; of course anyone in Dutch with them does need to be aware that they DEFINITELY regard anything you owe them as taking priority over any other debts you have, and not something to be fitted in to your budget after the credit card payments and car payment.
-
OK, I wandered over to PeopleofWalmart, and there was a link there at the top to "White Trash Repairs." Funniest damn thing. Check it out.
Now Karin, you know us neanderthals need links, right?
Several many years ago, based on some incorrect info provided by my Moonbat Aunt I ended up owing the IRS a nice ole honking chunk of change. As soon as I got the letter, I consulted a friend of mine who was a CPA, and he helped me draft a letter to the IRS. They took pity on me, waived my penalties, and set up a payment plan, for auto draft. They even let me pick the day for the autodraft.
Back around '93 my company screwed up our out of town expenses and they got included in our wages. Major, major Charlie Foxtrot!
I ended up owin' all kinds of cash, so like anyone, I challenged them and quit filin' my taxes! That really showed 'em! I think I ended up payin' a hundred bucks a month and they kept my tax returns for 5 years!
-
Back around '93 my company screwed up our out of town expenses and they got included in our wages. Major, major Charlie Foxtrot!
So, you're saying you are still owed beer and travel money?
-
So, you're saying you are still owed beer and travel money?
Not at all! That's what the problem was! I got my beer and travel money and it wasn't supposed to be taxed! You're not supposed to have pay taxes on Beer and Travel money, doncha know? Just ask HumDrumThoughts, he'll tell ya!
-
Not at all! That's what the problem was! I got my beer and travel money and it wasn't supposed to be taxed! You're not supposed to have pay taxes on Beer and Travel money, doncha know? Just ask HumDrumThoughts, he'll tell ya!
Strange but as neither Hubby or I know anything about finances except how to balance a check book, when we bought our home all the gobble gook to said conditions was not easy to understand.
So as we use H&R Block we found to our dismay a few years ago we could not take any take deduction on our home for interest. Seems that we had paid off the interest first before the cost of the home. We had to come up with $10,000 in deductions and we were both covered with health insurance so we could just file a simple return.
What ever happend to double pay taxes where you can deduct any and all federal taxes that have all ready been paid.??? Gas, heating, phone, cigarettes and booze.?? I know we can deduct our losses on lottery and scratch tickets but no more interest on credit cards or auto loans.
Tax time and very confusing even for the Tax Lawyers. Now to take a Charity donation off taxes one has to some how get a receipt from local churches, the Santa with the bell on Xmas, anything donated to Good Will, who decides what the goods are worth???
Very frustrating , we do want to pay our fair share but few want to over pay on taxes.