2013 Tax Season

[Eddie Teach]

Same here.

Ok, I take it back.

[alfred russel]

Still haven't started. Fuck its going to be a long night. 

Same here.  Speaking of which, here is something I wonder:  is there such a thing as a small amount exception for the tax returns?  I find that most of my time filling out tax returns is spent on tracking down those 3-4 1099-INT forms, for a grand total of $11.85 in interest income, and not on the W-2 form, which takes 10 minutes to put in and accounts for 99.99% of my income.

I think that if it is less than $10 you generally don't get a 1099, but you should theoretically declare everything. In practice, it really doesn't matter.

I'm going to bed. I'll get up early tomorrow. I know what I'm doing at work tomorrow. 

[DGuller]

Still haven't started. Fuck its going to be a long night. 

Same here.  Speaking of which, here is something I wonder:  is there such a thing as a small amount exception for the tax returns?  I find that most of my time filling out tax returns is spent on tracking down those 3-4 1099-INT forms, for a grand total of $11.85 in interest income, and not on the W-2 form, which takes 10 minutes to put in and accounts for 99.99% of my income.

I think that if it is less than $10 you generally don't get a 1099, but you should theoretically declare everything. In practice, it really doesn't matter.

I'm going to bed. I'll get up early tomorrow. I know what I'm doing at work tomorrow. 

That's my plan as well. 

[Admiral Yi]

If you earn less than $10 interest at a given institution they don't issue you a 1099-INT and they don't report it to the IRS.  And unless you've kept a running tally of interest earned from your monthly statements, you really have no way of knowing how much interest you earned.  So skip it.

[MadImmortalMan]

In the next 24 hours, I will file my taxes. 

[Norgy]

Taxes filed, expected tax return: 14.000 NOK plus interest. 

[Ed Anger]

Taxes filed, expected tax return: 14.000 NOK plus interest. 

Now that's some foldin' money!

[Ed Anger]

I'd take it all in stripper singles.

[alfred russel]

When I first became an accountant, a family member approached me. "I think I need some advice on what I should do with my money," he started. "Well, what are you currently doing?" He explained that he had keeping all his money in his checking account. I asked how much he had in the account. He said about $900,000.

I thought this was shocking stupidity.

But now that I'm starting to do my taxes, and trying to figure out what has been going on for the past year, I've realized that I just checked my bank account for the first time this year and have allowed a shocking amount of money to just sit in checking (though considerably less than $900k).

I think I used to manage my money far more closesly (and better) when I had very little. Once I started to get a decent amount of cash, enough to really start generating investment returns, I sort of quit caring.

[Ed Anger]

It does tend to build up.

[Grey Fox]

The government needs to take it away.

[alfred russel]

The government needs to take it away.

If we are talking about my relative, he is near retirement.

If we are talking about me, it is worth emphasizing that we are talking about substantially less than $900,000. 

[Grey Fox]

Is it more than 42k?

[Scipio]

I fucking turned a profit.

FUcking fucks.

Fucks.

I had to pay out 2 k.

Fucks.

[Monoriu]

If we are talking about me, it is worth emphasizing that we are talking about substantially less than $900,000. 

$899,998?