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NicMM.
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January 19, 2011 at 5:00 PM #657168January 19, 2011 at 5:03 PM #656046
Eugene
Participant[quote=SK in CV]
You can do it yourself, by hand would be a pain in the ass if you don’t know what you’re doing. If you do know what you’re doing, its gonna take maybe 1/2 hour for a few 1099’s. I just looked for low cost services online and Intuit will prepare all the forms for you for $39, $25 if done before Jan 23.[/quote]
Presumably, if you’re a business owner, you have a piece of computer software that tracks all your expenses, because $600 paid out to a handyman is $600 that you can deduct from your net income, and that lowers your tax bill, potentially by up to $200. So it’s a simple matter of adding a new feature to that software, to make it print a stack of 1099’s when you do a tax return.
January 19, 2011 at 5:03 PM #656107Participant[quote=SK in CV]
You can do it yourself, by hand would be a pain in the ass if you don’t know what you’re doing. If you do know what you’re doing, its gonna take maybe 1/2 hour for a few 1099’s. I just looked for low cost services online and Intuit will prepare all the forms for you for $39, $25 if done before Jan 23.[/quote]
Presumably, if you’re a business owner, you have a piece of computer software that tracks all your expenses, because $600 paid out to a handyman is $600 that you can deduct from your net income, and that lowers your tax bill, potentially by up to $200. So it’s a simple matter of adding a new feature to that software, to make it print a stack of 1099’s when you do a tax return.
January 19, 2011 at 5:03 PM #656705Participant[quote=SK in CV]
You can do it yourself, by hand would be a pain in the ass if you don’t know what you’re doing. If you do know what you’re doing, its gonna take maybe 1/2 hour for a few 1099’s. I just looked for low cost services online and Intuit will prepare all the forms for you for $39, $25 if done before Jan 23.[/quote]
Presumably, if you’re a business owner, you have a piece of computer software that tracks all your expenses, because $600 paid out to a handyman is $600 that you can deduct from your net income, and that lowers your tax bill, potentially by up to $200. So it’s a simple matter of adding a new feature to that software, to make it print a stack of 1099’s when you do a tax return.
January 19, 2011 at 5:03 PM #656843Participant[quote=SK in CV]
You can do it yourself, by hand would be a pain in the ass if you don’t know what you’re doing. If you do know what you’re doing, its gonna take maybe 1/2 hour for a few 1099’s. I just looked for low cost services online and Intuit will prepare all the forms for you for $39, $25 if done before Jan 23.[/quote]
Presumably, if you’re a business owner, you have a piece of computer software that tracks all your expenses, because $600 paid out to a handyman is $600 that you can deduct from your net income, and that lowers your tax bill, potentially by up to $200. So it’s a simple matter of adding a new feature to that software, to make it print a stack of 1099’s when you do a tax return.
January 19, 2011 at 5:03 PM #657173Participant[quote=SK in CV]
You can do it yourself, by hand would be a pain in the ass if you don’t know what you’re doing. If you do know what you’re doing, its gonna take maybe 1/2 hour for a few 1099’s. I just looked for low cost services online and Intuit will prepare all the forms for you for $39, $25 if done before Jan 23.[/quote]
Presumably, if you’re a business owner, you have a piece of computer software that tracks all your expenses, because $600 paid out to a handyman is $600 that you can deduct from your net income, and that lowers your tax bill, potentially by up to $200. So it’s a simple matter of adding a new feature to that software, to make it print a stack of 1099’s when you do a tax return.
January 19, 2011 at 5:07 PM #656051Participant[quote=Raybyrnes]Safe Harbor I have not fully investigated this but worth a read.
Will you ever sell your house?
Did you know that if you sell your house after 2012 you will pay a 3.8% sales tax on it?
That’s $3,800 on a $100,000 home etc.[/quote]Almost totally incorrect.
Only if your HH income is over $200,000 ($250,000 if married filing jointly), and only on the portion of capital gains that exceeds $250,000 ($500,000 if filing jointly), and certainly not on the total sales price.
January 19, 2011 at 5:07 PM #656112Participant[quote=Raybyrnes]Safe Harbor I have not fully investigated this but worth a read.
Will you ever sell your house?
Did you know that if you sell your house after 2012 you will pay a 3.8% sales tax on it?
That’s $3,800 on a $100,000 home etc.[/quote]Almost totally incorrect.
Only if your HH income is over $200,000 ($250,000 if married filing jointly), and only on the portion of capital gains that exceeds $250,000 ($500,000 if filing jointly), and certainly not on the total sales price.
January 19, 2011 at 5:07 PM #656710Participant[quote=Raybyrnes]Safe Harbor I have not fully investigated this but worth a read.
Will you ever sell your house?
Did you know that if you sell your house after 2012 you will pay a 3.8% sales tax on it?
That’s $3,800 on a $100,000 home etc.[/quote]Almost totally incorrect.
Only if your HH income is over $200,000 ($250,000 if married filing jointly), and only on the portion of capital gains that exceeds $250,000 ($500,000 if filing jointly), and certainly not on the total sales price.
January 19, 2011 at 5:07 PM #656848Participant[quote=Raybyrnes]Safe Harbor I have not fully investigated this but worth a read.
Will you ever sell your house?
Did you know that if you sell your house after 2012 you will pay a 3.8% sales tax on it?
That’s $3,800 on a $100,000 home etc.[/quote]Almost totally incorrect.
Only if your HH income is over $200,000 ($250,000 if married filing jointly), and only on the portion of capital gains that exceeds $250,000 ($500,000 if filing jointly), and certainly not on the total sales price.
January 19, 2011 at 5:07 PM #657178Participant[quote=Raybyrnes]Safe Harbor I have not fully investigated this but worth a read.
Will you ever sell your house?
Did you know that if you sell your house after 2012 you will pay a 3.8% sales tax on it?
That’s $3,800 on a $100,000 home etc.[/quote]Almost totally incorrect.
Only if your HH income is over $200,000 ($250,000 if married filing jointly), and only on the portion of capital gains that exceeds $250,000 ($500,000 if filing jointly), and certainly not on the total sales price.
January 19, 2011 at 5:14 PM #656056Anonymous
Guest[quote=Raybyrnes]Did you know that if you sell your house after 2012 you will pay a 3.8% sales tax on it?[/quote]
Did you know that your GOP often lies to you?
http://www.snopes.com/politics/taxes/realestate.asp
BTW, it took about 15 seconds to “investigate.”
Try it before you post next time.
January 19, 2011 at 5:14 PM #656117Guest[quote=Raybyrnes]Did you know that if you sell your house after 2012 you will pay a 3.8% sales tax on it?[/quote]
Did you know that your GOP often lies to you?
http://www.snopes.com/politics/taxes/realestate.asp
BTW, it took about 15 seconds to “investigate.”
Try it before you post next time.
January 19, 2011 at 5:14 PM #656715Guest[quote=Raybyrnes]Did you know that if you sell your house after 2012 you will pay a 3.8% sales tax on it?[/quote]
Did you know that your GOP often lies to you?
http://www.snopes.com/politics/taxes/realestate.asp
BTW, it took about 15 seconds to “investigate.”
Try it before you post next time.
January 19, 2011 at 5:14 PM #656853Guest[quote=Raybyrnes]Did you know that if you sell your house after 2012 you will pay a 3.8% sales tax on it?[/quote]
Did you know that your GOP often lies to you?
http://www.snopes.com/politics/taxes/realestate.asp
BTW, it took about 15 seconds to “investigate.”
Try it before you post next time.
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