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Chuck_Older
04-12-2004, 12:03 PM
Just did my taxes. I was unemployed for nine months last year. I owe a total of 1500 dollars, for unemployment compensation, on which zero taxes were withheld. I am being penalized for being layed off, in other words. http://ubbxforums.ubi.com/images/smiley/16x16_smiley-mad.gif Three quarters pay for nine months was bad enough, and now that I'm on my feet again at last, BAM!

If you have lost your job, try to make provisions for tax money to be withheld on your Unemployment chacks. In my State, there was no mention of this option, or even the fact that I would be nailed during tax time.

Check your local and Federal Laws, don't let it happen to you.

*****************************
Get your car outta that gear ~ Clash

Chuck_Older
04-12-2004, 12:03 PM
Just did my taxes. I was unemployed for nine months last year. I owe a total of 1500 dollars, for unemployment compensation, on which zero taxes were withheld. I am being penalized for being layed off, in other words. http://ubbxforums.ubi.com/images/smiley/16x16_smiley-mad.gif Three quarters pay for nine months was bad enough, and now that I'm on my feet again at last, BAM!

If you have lost your job, try to make provisions for tax money to be withheld on your Unemployment chacks. In my State, there was no mention of this option, or even the fact that I would be nailed during tax time.

Check your local and Federal Laws, don't let it happen to you.

*****************************
Get your car outta that gear ~ Clash

georgeo76
04-12-2004, 12:43 PM
just don't pay it Chuck. The IRS doesn't have the resources to enforce it's laws. and if they do ever catch on, you can settle the debt for 'pennys on the dollar'.

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Eagle_361st
04-12-2004, 12:49 PM
Man that is just unfair, it's amazing to me that they would do something like that. It's not like you had a family to feed or anything.

~S!
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Tully__
04-12-2004, 12:53 PM
Let's keep the politics out of this and leave it purely as an advisory shall we... http://ubbxforums.ubi.com/images/smiley/16x16_smiley-indifferent.gif

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PBNA-Boosher
04-12-2004, 12:54 PM
I'm sorry you lost your job. That must have hit hard.

Don't listen do Georgeo, Chuck. I always find its better to be honest. I'm only 17, and still, even though I don't pay taxes, It is almost always better to tell the truth. There are always, of course, exceptions. But judging Ethics is not the topic here. Personally, I'd go to the gov. building in your town, and explain the situation. I'm sure something can be worked out. Some things just take a bit more time. If you explained to the gov. that you lost your job and would like compensation for it, if you nag them enough, they'll let you off the hook for some of that total.

Supr
04-12-2004, 12:58 PM
Sorry to hear it, my wifes been there and done that. The good news is that you should easily have enough deductions to outway the taxes charged on your unemployment payments. If not, you may need to find a more "creative" accountnt.

crazyivan1970
04-12-2004, 01:05 PM
I feel your pain mate... own quiet a few green ones myself http://ubbxforums.ubi.com/infopop/emoticons/icon_frown.gif

V!
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HayateKid
04-12-2004, 01:49 PM
just remember: you can't fight city hall. just pay it, or tax-evade. you will lose if you try to fight it by going to your town government and then you'd just have wasted your time.

"First learn stand, then learn fly. Nature rule, Daniel San, not mine." - Mr. Miyagi

Chuck_Older
04-12-2004, 01:56 PM
Oh, absolutely I am paying. Already filed the return.

I took off deductions for rent, money spent on finding a job, and hobbies, even (didn't know you could do that, didya? 2% http://ubbxforums.ubi.com/infopop/emoticons/icon_smile.gif ) for my car restoration hobby.

If you get layed off and collect, take that money every two weeks, figure out the taxes that should be taken out, and put that amount in a bank account. Then when tax day comes, you can pay back the dough, and you have made a little interest. Wish I'd thought of that last January!

Woof, 15 hundred. I was expecting this though. I'm just happy I have a job again.

*****************************
Get your car outta that gear ~ Clash

UncleVanya2001
04-12-2004, 02:20 PM
I was gonna make some smartass remark like: "Obviously you weren't rich enough to warrant any tax breaks." Then saw Tully's warning and decided against it!

http://ubbxforums.ubi.com/images/smiley/16x16_smiley-very-happy.gif

lazio5
04-12-2004, 02:40 PM
george, wouldnt they garnish his future checks? and with late fees. I cant remember what the late fees were but add up.

Hunter82
04-12-2004, 03:22 PM
Bingo and interest compounded daily

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by lazio5:
george, wouldnt they garnish his future checks? and with late fees. I cant remember what the late fees were but add up.<HR></BLOCKQUOTE>

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lazio5
04-12-2004, 03:33 PM
oh, and credit. This could hurt your credit.
george is right though, they dont always catch on.

Obi_Kwiet
04-12-2004, 03:33 PM
If you cheat thereā's always an AUDIT. Man too bad they don't demolish Public Schools. If they did that, then people would be able to go to private schools with the money they save from taxes (70% or something) where there would be better competition. Also, the teachers that were in public schools would get better pay in the private schools. For poor people they could just have vouchers. Well, what ever you do, do NOT socialize Medicare. Oh MAN! Our taxes would have to go though the roof.

JG6_Oddball
04-12-2004, 03:36 PM
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>PBNA-Boosher
posted 12-04-04 11:54



I'm sorry you lost your job. That must have hit hard.

Don't listen do Georgeo, Chuck. I always find its better to be honest. I'm only 17, and still, even though I don't pay taxes, It is almost always better to tell the truth. There are always, of course, exceptions. But judging Ethics is not the topic here. Personally, I'd go to the gov. building in your town, and explain the situation. I'm sure something can be worked out. Some things just take a bit more time. If you explained to the gov. that you lost your job and would like compensation for it, if you nag them enough, they'll let you off the hook for some of that total. <HR></BLOCKQUOTE>

its always refreshing to see a young man with a level head ...cheers

S!

steve_v
04-12-2004, 04:05 PM
In Georgia, we have the option of having federal and state taxes with held to help avoid such situations. Unemployment, though insurance, was never taxable income until the early 80s, if I recall correctly. The commercial construction industry that I work in has always been boom or bust and unemployment has helped in times when there just weren't any jobs. I regret you owe, but glad the money was there to help tide you over in what had to be difficult times.
One note concerning the IRS. My divorce was financial ruin for me, and the IRS made life difficult for the following three years. That was twenty years ago and I know the IRS is suspose to be "kinder and gentler". However, I wouldn't risk my neck to find out.
Again, glad all is well for you and your family.

DuxCorvan
04-12-2004, 04:22 PM
In Spain, the government just retains part of your wages in concept of taxes, so you've paid before you get your money. Only people earning above an amount have to pay more.

Unemployed rarely earn enough to be forced to pay extra taxes.

I JG3 Troz
04-12-2004, 04:23 PM
gotta pay your taxes! i didn't file one year and it took me years to get it straight. Worst money mistake i ever made. Years down the road they notice it and then they want it paid back in blood, plus interest, plus penalties. better off payin up right away
S!

Scen
04-12-2004, 04:34 PM
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by Chuck_Older:
Just did my taxes. I was unemployed for nine months last year. I owe a total of 1500 dollars, for unemployment compensation, on which zero taxes were withheld. I am being penalized for being layed off, in other words. http://ubbxforums.ubi.com/images/smiley/16x16_smiley-mad.gif Three quarters pay for nine months was bad enough, and now that I'm on my feet again at last, BAM!

If you have lost your job, try to make provisions for tax money to be withheld on your Unemployment chacks. In my State, there was no mention of this option, or even the fact that I would be nailed during tax time.

Check your local and Federal Laws, don't let it happen to you.

*****************************
Get your car outta that gear ~ Clash
<HR></BLOCKQUOTE>

Chuck you need to redo your taxes... During unemployment you can have many many write offs that would easily keep you from paying... In fact if you did your taxes right you would get money back. If you don't really understand how to do it then hire a CPA.

I was unemployed for about 3 months and I recieved a 1099 from a company I did some business with all of which I withheld nothing in terms of taxes... Lets just say I'm not paying anything in taxes in fact quite the opposite.

Here are some examples of write offs that are real and quite valid.

You drive a car right? Well you can write off the depreciation. Do you ever give to charities or the Goodwill for that matter? Do you give when you're at church right? You do buy cloths that are needed for interviews right? Do you own a house or do you run a home business?

There are many things that can be written off since you where unemployed.

I suggest you look further and you should have no problem recovering 1500 bucks.

Good luck

Scendore

Chuck_Older
04-12-2004, 04:37 PM
Thanks for the concern! Taxes are already paid and in the mail...in the grand scheme of things, I really do owe that money. Never paid tax on it, Fed or State. I took every deduction I reasonably could. If it wasn't for rent and the money I spent finding a job....oooh, I don't want to think abouyt that.
No real problem paying the money, but there go my aluminum cylinder heads... http://ubbxforums.ubi.com/images/smiley/16x16_smiley-sad.gif

*****************************
Get your car outta that gear ~ Clash

Lav69
04-12-2004, 04:40 PM
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by georgeo76:
just don't pay it Chuck. The IRS doesn't have the resources to enforce it's laws. and if they do ever catch on, you can settle the debt for 'pennys on the dollar'.<HR></BLOCKQUOTE>

WRONG!!.....Tell that to my brother, he will laugh in your face.

_______________
I'm fixin to.

Scen
04-12-2004, 04:44 PM
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by Chuck_Older:
Thanks for the concern!

No real problem paying the money, but there go my aluminum cylinder heads... http://ubbxforums.ubi.com/images/smiley/16x16_smiley-sad.gif

*****************************
Get your car outta that gear ~ Clash
<HR></BLOCKQUOTE>


Okay but why pay when you don't have too... Think about it... 1500 bucks is like 3000 before taxes... That means you need to earn another 3k just to pay off something that you can easily fix.

When you're unemployed you can right off things that are meant to try and get you back to work. Cloths meals car expenses. It all adds up very fast and you won't have to pay the gov. You already pay the Gov by purchasing things as well as property tax etc.

Ultimately it's your money I think you would want to keep it.

Scendore

lazio5
04-12-2004, 04:52 PM
dont you need receipts for everthing you write off ?

Scen
04-12-2004, 04:57 PM
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by lazio5:
dont you need receipts for everthing you write off ?<HR></BLOCKQUOTE>

Yep... I take it you don't keep receipts? I suggest you start... My CPA who I love and this year I have 7,000 reasons to love him told me to start putting ever stiken receipt into shoe box.

As lame as that sounds it's worth the time. Actually it's quite easy. I put my shoe box where I open bills ever day (kitchen) and I just throw in my receipts in for the day and or when I get a chance.

Chuck_Older
04-12-2004, 05:12 PM
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by lazio5:
dont you need receipts for everthing you write off ?<HR></BLOCKQUOTE>

Ideally, because they might check.


Scen-

no argument, but I took a long hard look at it, and frankly, being layed off did not cost me a huge amount of dough- I simply didn't spend enough money recovering from being jobless to write off enough expenses. I think what really killed me was the 28 days of vacation time I also got paid for when I got my walking papers.
I'm sure someone more tax-savvy could have whittled that amount down, but I looked into this fairly thoroughly, beleive me. If I could have, I would have deducted a lot more, but I'm not head of household, no dependants, no personal business, no property of any type to keep up, not much to work with. http://ubbxforums.ubi.com/images/smiley/16x16_smiley-indifferent.gif About the only thing I'm kicking myself for was my car insurance for those nine months, because I needed the car to find a job, right? Well, I forgot that one... but that's only 500 bucks. I don't even have a pet, or an imaginary friend to take care of (Curtiss? He's...out...but he left these itemised receipts detailing how I pay his expenses due to a family debt of honor, or something http://ubbxforums.ubi.com/images/smiley/16x16_smiley-very-happy.gif ) Meals...well obviously I eat, I am a current carbon based life-form, but my grocery bills? I think that meal expenses are the kind of thing you can take off if it is a business expense, not because you happen to be peckish http://ubbxforums.ubi.com/images/smiley/16x16_smiley-wink.gif Clothes, yeah I bought a suit, 160 bucks, that's in there, cost of operating the car is in there (I do my own work, so those receipts are a total of about 150 dollars), hobby (above and beyond operating the car, I took off restoring the car, wink wink a lot of people could probably do this too, if you just say the car is your hobby, but even though I do restore mine- 34 year old muscle car- it is an arguable double deduction for the same thing as repair), gambling, drinking (oops, I started listing my vices instead of write-offs)

*****************************
Get your car outta that gear ~ Clash

lazio5
04-12-2004, 05:17 PM
get`m next time chuck http://ubbxforums.ubi.com/infopop/emoticons/icon_smile.gif... for now im going to pay the thieves. http://ubbxforums.ubi.com/images/smiley/16x16_smiley-mad.gif

Scen
04-12-2004, 05:41 PM
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by Chuck_Older:
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by lazio5:
dont you need receipts for everthing you write off ?<HR></BLOCKQUOTE>

Ideally, because they might check.


Scen-

no argument, but I took a long hard look at it, and frankly, being layed off did not cost me a huge amount of dough- I simply didn't spend enough money recovering from being jobless to write off enough expenses. I think what really killed me was the 28 days of vacation time I also got paid for when I got my walking papers.
I'm sure someone more tax-savvy could have whittled that amount down, but I looked into this fairly thoroughly, beleive me. If I could have, I would have deducted a lot more, but I'm not head of household, no dependants, no personal business, no property of any type to keep up, not much to work with. http://ubbxforums.ubi.com/images/smiley/16x16_smiley-indifferent.gif About the only thing I'm kicking myself for was my car insurance for those nine months, because I needed the car to find a job, right? Well, I forgot that one... but that's only 500 bucks. I don't even have a pet, or an imaginary friend to take care of (Curtiss? He's...out...but he left these itemised receipts detailing how I pay his expenses due to a family debt of honor, or something http://ubbxforums.ubi.com/images/smiley/16x16_smiley-very-happy.gif ) Meals...well obviously I eat, I am a current carbon based life-form, but my grocery bills? I think that meal expenses are the kind of thing you can take off if it is a business expense, not because you happen to be peckish http://ubbxforums.ubi.com/images/smiley/16x16_smiley-wink.gif Clothes, yeah I bought a suit, 160 bucks, that's in there, cost of operating the car is in there (I do my own work, so those receipts are a total of about 150 dollars), hobby (above and beyond operating the car, I took off restoring the car, wink wink a lot of people could probably do this too, if you just say the car is your hobby, but even though I do restore mine- 34 year old muscle car- it is an arguable double deduction for the same thing as repair), gambling, drinking (oops, I started listing my vices instead of write-offs)

*****************************
Get your car outta that gear ~ Clash
<HR></BLOCKQUOTE>

Right Arm!

But now you know... You can also run a hope business without a license BTW. I gave a couple leads to couple buddies of mine and they pay me on the side. Hence I run a business but at a loss which means my home office can be writen off.

You just have to think ahead a little and once you do you will get the benefit. Just be aware of things and keep track of your reciepts you will be suprised at what can be written off.

I understand you're situation but get some tax shelter man. You're the guy funding this country. Stop it. You work hard. Reap what wealthy people have used for ever and it will help you later on. As you make more money the more you will be concerned about keeping it.

Good luck.

Hawgdog
04-12-2004, 08:38 PM
I will slap the next person who talks about their tax refund as if its a bonus or a gift!
Morons, if WE all paid our taxes on April 15th, how long, really...how long before there would be another tea party???
pfffft
I got nailed this year for a cash out I did to buy land, that and a slow income year and few write offs really is a stick in my a$$

Justice for All
Freedom for $um

doggie out

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huggy87
04-12-2004, 08:56 PM
Best deal going. I was deployed to the mideast for 5 months last year. All of that money is tax free. I'm only being taxed on half a year's income.

Franzen
04-12-2004, 09:28 PM
Ha ha ha, Huggy87, I'm sure that made a few guyz feel much better. http://ubbxforums.ubi.com/images/smiley/88.gif

But here's an idea, if you can claim 2% for hobbies then claiming mental anguish, hairloss, and scratch marks on your pc desk( all due to waiting for AEP)would all be valid. The the IRS would owe you money. http://ubbxforums.ubi.com/images/smiley/16x16_smiley-happy.gif

My advice was free but not tax deductable, sorry.

Fritz Franzen

JG27_Arklight
04-13-2004, 02:57 AM
Did you remember to write off your computer?

I used the internet A LOT to look for a job when I got laid off. I also needed my computer to print out/update resumes quite often.


Ark

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Fehler
04-13-2004, 03:34 AM
Actually, you are looking at this in the wrong light. I assume you didnt stash 20% of your unemployment away to pay the taxes at the end of the year. (I did when I was unemployed/between jobs in 1990).

OK, so now you owe. Well, you can look at it this way. The time you were not losing money out of a check to the government was time that YOU had control over your finances and Uncle Sam could not benifit by investing YOUR money to make HIM more money.

Taxes are a funny thing. We all like a check back at the end of the year, but we fail to realize that when we get a check back, it's because someone else was using our money all year, while we were not.

That said, you can at least be a little happier about the situation.

Now, look into write offs. As others have said, there are littlerally tons of things you can write off, including meals (I think it's $5.00/day) while looking for a job, up to .34 cents per mile while driving. Hotels if you have to go out of town to look for work, haircuts, clothing, etc. Litterally tons of things.

I am a police officer, and like a lot of cops, I work quite a few off-duty security jobs to make ends meat (And pay for my IL2 addiction). Since I am contract labor when off-duty, I write off driving expenses, meals, drycleaning uniforms, and have even written off a pistol a few years ago. Basically anything that is manditory for you to do your job. I dont have any experience with your exact situation because when I was between jobs, I was really waiting for the Law Enforcement Academy to start, and was merely filling out BS job applications as the requirement for receiving my unemployment compensation. I dont think I ever wrote anything off that year.

$1500.00 sucks to have to shell out in such a short notice, I agree. (I got shafted with a $2500.00 esgro SP? deficiency this year because my new house was being taxxed on "Unimproved ground" and I never saw it coming!) (They wanted that a week before Christmas! Damned Scooges!) But at least Uncle Sam didnt get to fund some BS, overly-abused welfare program with your money in that time period! http://ubbxforums.ubi.com/infopop/emoticons/icon_smile.gif

http://webpages.charter.net/cuda70/FehlerSig.gif
http://webpages.charter.net/cuda70/9JG54.html

x6BL_Brando
04-13-2004, 05:00 AM
This all makes our national system of PAYE (pay as you earn) seem positively benign http://ubbxforums.ubi.com/infopop/emoticons/icon_smile.gif Everyone here (in the UK) still moans about taxation, but we do our moaning once every pay-cheque (weekly or monthly) and then forget about it. On the positive side we get our medical care for free, along with unemployment benefits for the out of work and the incapacitated, and education is also free. "Free" in the sense of paid-for out of the communal pot of course, but it has the benefit of allowing people from poor backgrounds to get the same treatment as their richer compatriots. It ain't a perfect system...and we're still struggling with the legacy of the ***** Thatcher and her rapacious Tory minions.....but it beats having to go through the annual stress of preparing and submitting tax returns imo.

AdEridanus
04-13-2004, 10:43 AM
I figure I've paid enough in taxes to have supported one tank in Iraq right now. http://ubbxforums.ubi.com/images/smiley/52.gif I think it would be fair for me to be able to tell "my" tank what to do, and if I can, I would like my tank to spin some donuts. That way I can feel like I actually got something! http://ubbxforums.ubi.com/images/smiley/16x16_smiley-happy.gif So if anyone sees footage of a tank in a tight circle, tell me how it looks.

lazio5
04-13-2004, 12:58 PM
It just seems backward to get unemployment and they not take taxes out automaticaly. For obvious reason, this could cause problems.

Im not a big fan of sigs but Fehler`s is really nice.

p1ngu666
04-13-2004, 01:40 PM
thats what they do here, my benifits are taxed, i just get X less paid into my bank.
in the USA they could just give u 20%less and be done with it

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SuspectSquirrel
04-13-2004, 01:47 PM
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by lazio5:
oh, and credit. This could hurt your credit.
george is right though, they dont always catch on.<HR></BLOCKQUOTE>

Did nothing to harm my credit. http://ubbxforums.ubi.com/images/smiley/59.gif

gates123
04-13-2004, 03:00 PM
Find yourself a shaddy tax guy....I DID!

http://www.fortunecity.com/meltingpot/justin/1087/WWII/Images/Thumbs/TBf109AK.jpg
Did anyone see that or was it just me?