who pays taxes?
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- qruise0
soo, if some guy just went about his ways and never recorded ANYTING or saved ANY forms regarding that shit, he can get in trouble? thats a little ridiculous.. it's like a mom punishng a kid for losing his homework grades.
how is that enforcable.. "you must hold on to papers!!"
- joyride0
lol during an audit it is up to you to provide proof to the IRS. no proof, no deduction which could equal tax evasion. You are responsible for for everything.
- qruise0
ok in that movie Stranger Than Fiction.... maggie gyllenhaal's character stuck all of her reciepts and shit from the last 3 years in cardboard box to make it harder for him to audit her..
..is that realistic? if so, what if someone never kept records of ANYTHING? or just hid them and said "nope, never kept them?" to an auditer?
- tonx0
once you have a good list of clients that will use you repeatedly and provide good word of mouth it is time to leave the USA.
Outside of the US things can be much cheaper [I live in Thailand], you can skate tax free with less than 80k, and your lifestyle will be cheaper and more interesting.
Learn to work globally.
- _salisae_0
everyone outside of the homeless i imagine
and some online gamblers
- -sputnik-0
i build taxes into cost, as well as special 'pain in the ass' fees i use to pad the proposals for clients i already know will be difficult.
- letters0
oh, and in answer to the thread – build your taxes into your cost. always.
- letters0
federal income tax law? what federal income tax law?
- -sputnik-0
audit shmaudit...you got to stick it to the man ;)
- Rand0
it's great, you get to live in fear for years on end. of course, I was so poor then that it hardly mattered
- mrdobolina0
I have an old roomate who didnt file for 3 years in a row. Audits are fun.
- -sputnik-0
One year, almost 20 years ago, I just didn't bother to file
Rand
(Mar 6 07, 14:08)i'm tempted to do the same thing every year. must be liberating.
- Rand0
One year, almost 20 years ago, I just didn't bother to file
- Crouwel0
i don't pay taxes.
years ago i went to the taxes guy and said:
"yo, i don't feel like paying taxes man.."and he said:
"aight.."
- tkmeister0
eddie, overpaying taxes is a bad idea. why pay more to the IRS while you can keep it to yourself and gain interest. overpaying is basically the same as loaning money to them for 0% interest.
i think you are required to pay the same amount as you've paid previously or the difference needs to be XX%. i forgot exactly how it works.
- madirish0
"just as you pay tax on clothing you can charge tax on your work, though highly not reconmended to annoy the client with such issues as you can then lose the client. but i have seen some people that do charge tax for their work.
e-pill
(Mar 6 07, 13:39)this is a bit more tricky than just adding it. it is also state-dependent and in some, illegal. it is also widely varrring if you are working across state lines and how, when this can be done.
generally though, i would agree w/ e-pill as it will annoy the shit out of clients to see this line item, or make them walk away. just roll it into your rate/price and do the math on the backside, everyone will be happier.
- e-pill0
OSFA-
as a freelancer you need to take out 40% of your earnings and keep that money in a savvings and dont touch it. the amount taken out is higher than it should but this percentage works great when you need to estimate you are actually over paying taxes [you get the money back] its better to over estimate your earnings than under which leads to being penalized.
TheBlueOne-
you can charge tax to the client by applying for a Tax ID Number.just as you pay tax on clothing you can charge tax on your work, though highly not reconmended to annoy the client with such issues as you can then lose the client. but i have seen some people that do charge tax for their work.
- Rand0
I don't understand this question. you decide how much you want to charge and then you pay taxes on it, like any other income
- OSFA0
interesting.... thanks -sput