Tax Season.

[eileenbunny]

IBWIP and I will probably owe a fair amount. I inherited a lot this past year and I don't know yet how all that is gonna work out. Fortunately we can spread out our payments to the IRS over the next 3 years, so even though we have the money to pay, we can keep it working for us instead of for the feds for a while. This might be a time for us to hire someone to do our taxes. We'll give turbo tax a shot first.

 

[Dharma1521]

He works for his gov't. But, lives here in the US.
but, I guess foreign people who get stationed in the US for work, and work for THEIR gov't are assholes.

I'm not saying he's an asshole.

 

[Applesauce]

And I didn't say he was 'stationed' here.
*snicker*

 

[Duke]

btw, a good chunk of mine is going my S&P index fund. I'm loving this stock market right now!

All those times over the past decade where one kicked themselves going 'man, if I only invested in the market when'...

Now they have their do-over.

 

[OzSTEEZ]

You're welcome for roads and stuff

I believe that doesn't come out of your federal income tax..

 

[Syrup Beaver]

I believe that doesn't come out of your federal income tax..

Depending on the road, I believe you're incorrect.

 

[OzSTEEZ]

Isn't the federal fuel tax the main source of funding for all transportation infrastructure?

 

[Shalimar]

Its a shame that Beerad is too busy lining up mining jobs in British Columbia to post in this thread.

poor brad.

 

[Duke]

Isn't the federal fuel tax the main source of funding for all transportation infrastructure?

Main source, maybe. Only source? Definately not.

 

[Shalimar]

speakin' of taxes.. if I sell the house, do we pay taxes on the profit?

 

[OzSTEEZ]

Main source, maybe. Only source? Definately not.

Then how much of it comes from federal income tax? I highly doubt much at all..

 

[Dharma1521]

I believe that doesn't come out of your federal income tax..

Shhhh its ok. You don't need to thank me again. :hugs:

 

[OzSTEEZ]

Shhhh its ok. You don't need to thank me again. :hugs:

Getting a thanks out of me is like getting blood out of a stone..

 

[Syrup Beaver]

speakin' of taxes.. if I sell the house, do we pay taxes on the profit?

Unless you're making over $500,000 on the sale as a married couple, or you've been there less than two years you'll be okay I think.

 

[fly]

All those times over the past decade where one kicked themselves going 'man, if I only invested in the market when'...

Now they have their do-over.

Except since the talking heads seem to think that the sky is falling, people will believe them (again). Historically speaking, this is the BEST time to be in the stock market.

speakin' of taxes.. if I sell the house, do we pay taxes on the profit?

Unless you're making over $500,000 on the sale as a married couple, or you've been there less than two years you'll be okay I think.

Last I checked, you had 2 years to reinvest the money into another house or pay capital gains taxes on the profits. That was quite a while ago tho.

 

[Dharma1521]

Getting a thanks out of me is like getting blood out of a stone..

Are you trying to make an ellipsis? It's actually like this …

 

[OzSTEEZ]

Are you trying to make an ellipsis? It's actually like this …

No.

 

[Mean Mr. Mustard]

Speaking of taxes & investing, Blockbusters stock just plummeted 79% in value on word that theyre looking into bankruptcy

http://consumerist.com/5163714/blockbusters-stock-nosedives-on-news-it-is-investigating-bankruptcy

 

[Dharma1521]

No.

Hugs?

 

[Syrup Beaver]

Speaking of taxes & investing, Blockbusters stock just plummeted 79% in value on word that theyre looking into bankruptcy

http://consumerist.com/5163714/blockbusters-stock-nosedives-on-news-it-is-investigating-bankruptcy

Fine with me, last time I rented a movie there it was five bucks.