Taxes 2011

[Betone]

just found out that if you make over 100k and have a rental property that other than depreciation on a rental..... that is all you have.:shrug
All of my stock options and restricted stock options must be accompanied with a "1099"
:mj07:
I planned for this months ago.........if your in the same boat, listen up.
I am deferring my salary of 140K this year, and living on the 150k of restricted stock options that were tax implicated over the past two years. Meaning that next year, I will show an income of ZERO and tax write offs of about 60k. I figure that Obama will owe me roughly 75k next year in taxes. I called the corp tax lawyer and she said That move was brilliant.
For every move against those of wealth.....I just learned how to beat the mother........fucka....:toast:
To next year.....:mj07: :mj07: :mj07: :mj07:

 

[BobbyBlueChip]

This is so true. Everyone should follow this advice

 

[Betone]

Same ballpark bobby:mj07: :mj07: :mj07:

 

[Betone]

This is so true. Everyone should follow this advice

You are an asshole, yet........I do like you dude:toast:

 

[dunclock]

You are an asshole, yet........I do like you dude:toast:

he is an accountant :shrug:

:mj07:

 

[Betone]

he is an accountant :shrug:

:mj07:

he is an ass.....accountant:mj07: :mj07: :mj07:

 

[BobbyBlueChip]

Have you ever been to the drinking thread - It's right around the corner. Be safe :0074

 

[Betone]

drinking and taxes do not mix, except if you owe .... then maybe you should jump over.:toast:

 

[BobbyBlueChip]

You're sober?

 

[saint]

bobby u a cpa? got a tax question, if u don't mind. if you do, well, no problem

 

[Betone]

You're sober?

absolutely.........are you:shrug:
I am smarter than the average guy, unless you have not figured that out yet, MR CPA

 

[dunclock]

he is an ass.....accountant:mj07: :mj07: :mj07:

like one of my fav shows How I Met Your Mother....

Bob is a bro :0074

 

[BobbyBlueChip]

I'm a CPA, but it's financial accounting/reporting and I don't do my own taxes - but I know alot about them. . . (e.g. Betone is missing a big piece of info and his tax atty never said the move was brilliant)

Post your question or email me. If I don't know, I'll let you know

 

[The Joker]

You are an asshole, yet........I do like you dude:toast:

It's part of his charm.

 

[Betone]

I'm a CPA, but it's financial accounting/reporting and I don't do my own taxes - but I know alot about them. . . (e.g. Betone is missing a big piece of info and his tax atty never said the move was brilliant)

Post your question or email me. If I don't know, I'll let you know

Not at all bobby, you do not understand my tax implications...... does not mean your not a good CPA. :0008
My restricted stock is taxed year to year as income. I hold on to it and have income without tax implications..... My attorneys have all of the missing pieces.. trust me:0008

 

[BobbyBlueChip]

It's part of his charm.

I'm so misunderstood. :shrug:

 

[Betone]

Maybe I should fire my tax attorney as she may be not as savey as you and not have my corp in her best regards.........:0074

 

[saint]

just got a letter from IRS about 2009 return, saying I never listed the sale of our home.

We took a loss on it. Per the IRS Form 523,

Do not report the sale of your main home unless:

you have a gain blah blah..

you have a gain blah blah

you have a loss and received Form 1099-S


No 1099-S received so I didn't report. Should I just call and ask what they want? I have our settlement HUD with a copy of the certified check showing the losses paid

TIA

 

[BobbyBlueChip]

Maybe I should fire my tax attorney as she may be not as savey as you and not have my corp in her best regards.........:0074

No. Keep her. You always want a tax attorney that waits for you to give them tax strategies. You probably got billed $100 for her listening to the 15 minute call

 

[Betone]

I'm a CPA, but it's financial accounting/reporting and I don't do my own taxes - but I know alot about them. . . (e.g. Betone is missing a big piece of info and his tax atty never said the move was brilliant)

Post your question or email me. If I don't know, I'll let you know

Are You kidding me:mj07: :mj07: :mj07:
Does your Mom do your taxes:shrug:
Or maybe someone you trust:shrug: