The IRS
The IRS
Thread Starter
|
Senior User
Joined: Sep 2003
Posts: 329
Likes: 1
From: Virginia
Oh No... Definately not a news flash... I was just wondering if anyone had a surprise they weren't expecting... 2002 my wife and I got stuck owing another 2k more than we had paid. 2003 was a better year for us thank goodness.
Posting Guru
Joined: Jun 2002
Posts: 2,375
Likes: 1
From: inver grove heights MN
pretty much everything i buy or spend money on, or own, is a tax write off. so i cant complain about income taxes.
BUT, i have to charge my customers SALES TAX, which i then have to keep until the end of the year. it sucks cause you feel like you have that extra couple thousand dollars, but in reality... its not yours to begin with. worst part is, for the sales tax theres so many issues that you do or dont have to charge for, no one even knows what they have to charge for. i asked the tax guy and he couldnt even give me a straight answer
BUT, i have to charge my customers SALES TAX, which i then have to keep until the end of the year. it sucks cause you feel like you have that extra couple thousand dollars, but in reality... its not yours to begin with. worst part is, for the sales tax theres so many issues that you do or dont have to charge for, no one even knows what they have to charge for. i asked the tax guy and he couldnt even give me a straight answer
Cargo Master
Joined: Sep 2003
Posts: 2,543
Likes: 2
From: Georgia
Originally posted by BuiltToughF250
BUT, i have to charge my customers SALES TAX, which i then have to keep until the end of the year. it sucks cause you feel like you have that extra couple thousand dollars, but in reality... its not yours to begin with.
BUT, i have to charge my customers SALES TAX, which i then have to keep until the end of the year. it sucks cause you feel like you have that extra couple thousand dollars, but in reality... its not yours to begin with.
The interest earned will be yours also, It may not seem like much but in the long run it could add up to a new shiny penny or a quarter.
You don't pay your sale tax quarterly? I'm not sure about MN laws, but when I had my shop in NC we had to pay it quarterly or were fined.
Senior User
Joined: Jan 2004
Posts: 167
Likes: 0
From: western ky
well first off, the IRS only collects the taxes, they dont set them. but the main point is, this country went quite a long time without income tax, it was created as a temporary measure for the war effort. Kinda like the bridge tolls in the northeast that were only going to be there until they paid off the construction bill?
the boston tea party was over a %3 tax on tea -- now most people pay nearly %40 of their income in taxes. Wake up America!
the boston tea party was over a %3 tax on tea -- now most people pay nearly %40 of their income in taxes. Wake up America!
Trending Topics
Cargo Master
Joined: Sep 2003
Posts: 2,543
Likes: 2
From: Georgia
Justdan is correct.
Although when I tell people that taxes are actually illegal I get laughed at.
Although when I tell people that taxes are actually illegal I get laughed at.
FTE Stories
Ford Trucks for Ford Truck Enthusiasts
10 Things Every Truck Owner NEEDS (2026 Edition)
Michael S. Palmer
Rezvani's Latest Post-Apocalyptic Monster Is a Ford F-150 Raptor Underneath
Verdad Gallardo
Top 10 Most Expensive Ford Trucks Ever Sold on Bring a Trailer
Joe Kucinski
2027 Ford Super Duty Buyer's Guide (Every Model, Engine, & Package)
Brett Foote
Top 10 Ford Truck Tragedies
Joe Kucinski
AEV FXL Super Duty - the Super Duty Raptor Ford Doesn't Make
Brett Foote
Lobo Vs Lobo: Proof the F-150 Lobo Should Be Even Lower!
Michael S. Palmer
Ford's 2001 Explorer Sportsman Concept Looks For a New Home
Verdad Gallardo
10 Best Ford Truck Engines We Miss the Most!
Joe Kucinski
Thread
Thread Starter
Forum
Replies
Last Post