Open Thread 15 APR 21 ~ Tax Day?


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"We're facing one of the most complex tax seasons in our country's history."

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Welcome all. Seems like the IRS is in another bind this year. Their system is so complicated, they haven't the time to sort it out anymore. Blaming it on covid and lack of resources (really?). More like a structural problem, me-thinks. Ah, well. Warm up your calculators, check the batteries and watch the foolishness unfold...

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Logan says that with over half a million deaths, most of those in 2020, "there are a lot more final returns, estate returns and trust returns to do."

State tax returns
The federal tax filing deadline postponement to May 17, 2021, only applies to individual federal income returns and tax (including tax on self-employment income) payments otherwise due April 15, 2021, not state tax payments or deposits or payments of any other type of federal tax. Taxpayers also will need to file income tax returns in 42 states plus the District of Columbia. State filing and payment deadlines vary and are not always the same as the federal filing deadline. The IRS urges taxpayers to check with their state tax agencies for those details.
(Does this make any sense?)

“Doing your taxes with a brain injury is like having a tooth extracted without anesthetic.”

― Steven Magee

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Still looking for that willing soul to fill in for the Thursday OT. I know you are out there somewhere!
Open thread so scramble topics to your hearts content.

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Don't forget to write off reading C99 time as an eduction expense!

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Hoping today is not too taxing. Trying to fathom what is due today from the IRS website is a bit of a challenge. It appears my self employment tax for the state is due today. Unfortunately my accountant is swamped with business covid forms, so can't get to my questions for a couple more weeks. Oh well.

Imagine the H & R Block and Turbotax lobbies are pressuring the govt. to form another one of those infamous public / private partnerships which will cost us more. Like the UPS and Fedex lobbies have squeezed out the USPS branch of govt. Just more of the silly corporate take-over of citizen needs.

Sheesh. Keeps going deeper into the twilight zone.

Enjoy your day!

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10 users have voted.

@QMS
But all I have is SS, CSRS pension and IRA MRD's. Simple.
Itemized deductions would be harder if Trump hadn't effectively killed them.
Burns me to pay tax on my SS. Burns me even more that my impoverished brother-in-law with a total income of $30,000 and total assets of $2,000 (required by Medicais) also has to pay tax o on SS because we are "rich".

Understand that business forms are much more complex.

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6 users have voted.

I've seen lots of changes. What doesn't change is people. Same old hairless apes.

@The Voice In the Wilderness

Was taxed when I made the money to 'invest' in my retirement, now being taxed again as 'income' both state and fed. The monies I 'put aside' for most of my career weren't made in this state. And the value of the dollars made in the 60's, 70's, and 80's were worth many times more than the dollars being allotted to me now. It's a real pisser.

death and taxes..

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@QMS
Insteae we have confiscatory real estate tax. (burden falls higher on workers than managers).

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5 users have voted.

I've seen lots of changes. What doesn't change is people. Same old hairless apes.

@The Voice In the Wilderness

70% of the town budget is school.
The rates aren't as bad as surrounding towns
but we have few services

RI is a relatively expensive state to live in

Tax the rich much?

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@QMS
Flew in once for a vacation. Discovered the Legal Seafood restaurant chain.
Man! I wish they were here in Illinois!

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2 users have voted.

I've seen lots of changes. What doesn't change is people. Same old hairless apes.

@The Voice In the Wilderness

Maine, NH and Mass have a bunch.
Pretty good stuff.

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Lookout's picture

...purposely to protect the donor class. I think they also were responsible for issuing the stimulus checks which also probably set them back.

All the arguments about corporate rates when little is done to audit and collect from corporations and the elite at the current rate. Beefing up the IRS and letting them go after the elite would raise lots of money...so that ain't gonna happen! Instead it is the little folks they go after.

The IRS Admits It Doesn’t Audit the Rich Because It’s Too Hard
Only poor people have to pay back unpaid taxes.
https://www.gq.com/story/no-irs-audits-for-the-rich

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12 users have voted.

“Until justice rolls down like water and righteousness like a mighty stream.”

Raggedy Ann's picture

I always owe so I always wait until the last minute to mail it in. My state went to May 17th too, so I can hold onto my money one more month. Found out there are plenty of people who forget to file. One person for 12 years! How does one recover from that? I don't want to file or pay mine, but I don't want the consequences, either.

Enjoy the day without having to pay taxes! Pleasantry

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11 users have voted.

"The “jumpers” reminded us that one day we will all face only one choice and that is how we will die, not how we will live." Chris Hedges on 9/11

@Raggedy Ann

Unfortunately, the penalties are much larger than the back taxes. My brother got nailed once. Between the lawyers, fines and 'estimated tax payments', he was socked with a $30K bill.
Garnished wages, etc. Which was about what he was making at the time. Ouch!

The tax codes are so full of loop holes for the wealthy, they have to hire a boatload of accountants to have a zero liability. Darn system is rigged for sure.

Good luck!

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enhydra lutris's picture

ag@newspot:~$ rand -M 64
12

I Ching Hexagram 12
P'i (Standstill) -- hmmm? lesse

HEXAGRAM NUMBER TWELVE --

DIVORCEMENT

Other titles: Standstill, The Symbol of Closing, Stagnation, Obstruction, The Wife, Obstructed, Decadence, Disjunction, Impasse, "Yin supporting yang which is wrong, they part company. Bad prospects for marriage or partnership. " -- D.F. Hook

Judgment:

Legge: Divorcement means there is a lack of communication between the different classes of men. This is unfavorable to the superior man. The great has departed and the inferior has arrived.

Wilhelm/Baynes: Standstill . Evil people do not further the perseverance of the superior man. The great departs; the small approaches.

Blofeld: Stagnation (obstruction) caused by evil doers. Although the omen portends ill for the Superior Man, he must not slacken his righteous persistence. The great and the good decline; the mean approach. [When heaven and earth cease to co-operate, no growth is possible and stagnation results. The trigram (earth), when in intercourse with heaven, has the auspicious meaning of glad acceptance; but, when separated from heaven, it represents weakness and darkness, etc.]

Liu: Stagnation. Stagnation is of no benefit, although not of man's doing. The superior man carries on (according to his principles). The great is departing. The small is arriving.

Ritsema/Karcher: Obstructing it , in-no-way people. Not Harvesting: chun tzu, Trial. the great going, the small coming. [This hexagram describes your situation in terms of being blocked or interfered with. It emphasizes that accepting the hindrances that temporarily interrupt the flow of life and thwart communication is the adequate way to handle it. To be in accord with the time, you are told to: accept obstruction!]

Shaughnessy: The wife's non-persons; not beneficial for the gentleman to determine; the great go, the little come.

Cleary (1): Obstruction’s denial of humanity does not make the superior person’s rectitude beneficial. The great goes and the small comes.

Cleary (2): … Does not make the leader’s correctness beneficial, etc.

Wu:Stagnation is destined to cause obstruction of normal course of action. It is not beneficial to the jun zi who takes a persevering stand. The great goes out and the small comes in.

http://www.jamesdekorne.com/GBCh/hex12.htm

So just how relevant is this?
ag@newspot:~$ ^C
ag@newspot:~$ rand -M 20
14

Magic 8 ball #14 (out of 20) == "Cannot predict now"

so there you have it; shit is unpredicatble. Ah well, quelle surprise, no?

I see that the above re: other titles for Hex 12 is courtesy of one -- D.F. Hook
, which could be significant in and of itself:

So, uh, where were we? possibly time for breakfast, coin toss says tails but that means nothing in and of itself, so I guess I'll drag my tail on in to the kitchen and start myself some sort of repast.

be well and have a good one

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That, in its essence, is fascism--ownership of government by an individual, by a group, or by any other controlling private power. -- Franklin D. Roosevelt --

@enhydra lutris

P'i --

Heaven and earth are out of communion and all things are benumbed.
What is above has no relation to what is below,
and on earth confusion and disorder prevail.

Smoothie Song Nickel Creek
https://www.youtube.com/watch?v=QcjAXI4jANw

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enhydra lutris's picture

@QMS

turbulent flow, iirc. Thanks for the smoothie song to counter it.

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5 users have voted.

That, in its essence, is fascism--ownership of government by an individual, by a group, or by any other controlling private power. -- Franklin D. Roosevelt --

The Liberal Moonbat's picture

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4 users have voted.

In the Land of the Blind, the One-Eyed Man is declared mentally ill for describing colors.

Yes Virginia, there is a Global Banking Conspiracy!

mimi's picture

to our "leader", but I have little hope.
[video:https://youtu.be/Bu8ojIlc2ww]

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mimi's picture

Biden Re-Hires Trump's Ambassador to RUSSIA!

[video:https://youtu.be/5RjuhkrQsgw]

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