Open Thread 15 APR 21 ~ Tax Day?
"We're facing one of the most complex tax seasons in our country's history."
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...
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
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.
Don't forget to write off reading C99 time as an eduction expense!
Comments
Good morning all!
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!
Did mine a month ago
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.
I've seen lots of changes. What doesn't change is people. Same old hairless apes.
taxing our SS is double dipping out of our pot
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..
Illinois doesn't tax SS or any retirement income, yet!
Insteae we have confiscatory real estate tax. (burden falls higher on workers than managers).
I've seen lots of changes. What doesn't change is people. Same old hairless apes.
We've both here
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?
Rhode Island
Flew in once for a vacation. Discovered the Legal Seafood restaurant chain.
Man! I wish they were here in Illinois!
I've seen lots of changes. What doesn't change is people. Same old hairless apes.
Seems popular in the NE
Maine, NH and Mass have a bunch.
Pretty good stuff.
IRS has been gutted by the pols
...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
“Until justice rolls down like water and righteousness like a mighty stream.”
Good morning, QMS ~
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!
"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
Oops, forgot about taxes for 12 years?
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 $30K bill.
Garnished wages, etc. Which was about what he was making at the time. Ouch!
The tax codes are so full of loop holes for the wealthy, they have to hire a boatload of accountants to have a zero liability. Darn system is rigged for sure.
Good luck!
Hola, QMS!
ag@newspot:~$ rand -M 64
12
I Ching Hexagram 12
P'i (Standstill) -- hmmm? lesse
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
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 --
Further Wilhelm / Baynes
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
confusion and disorder prevail.
turbulent flow, iirc. Thanks for the smoothie song to counter it.
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 --
Also one of the most...philosophically challenging?
https://www.reddit.com/r/WayOfTheBern/comments/mngunw/still_cant_believe...
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!
hmm, Tulsi, I hope you get your wishes through
to our "leader", but I have little hope.
[video:https://youtu.be/Bu8ojIlc2ww]
https://www.euronews.com/
oh, so funny ...
[video:https://youtu.be/5RjuhkrQsgw]
https://www.euronews.com/