please explain how owing is a good thing.I usually always owe BUT most people don't know owing is actually a good thing (if you don't owe a ridiculous amount).
bruh.....its alot of them...Finally got a refund (only 60 dollars lol) last year because I got a house in late 2016. Before that I was owing money. I need to learn these loopholes that the 1% use
i am self employed....i pay quarterly estimated taxes to the US. i usually over pay. but that dont mean the shit aint stressful.Because we are self employed it is pretty easy to make sure we never owe taxes. But we have an accountant to make sure of it. Pretty much everything we do is written off against what we make.
If you were to get a refund back from the government that means they've been holding your money since Jan 1 in a bank but not drawing interest the entire time. So basically you gave them a loan but didn't reap the benefits of the interest.please explain how owing is a good thing.
i was trying to learn more about taxes and the shit is mad confusing. that is why i pay people..but the cost is now getting outta hand.
This only works for financially responsible people. I find that most people should give them that loan so they don’t get hit with a bill that they can’t pay. The last people on earth you want to owe is the government.If you were to get a refund back from the government that means they've been holding your money since Jan 1 in a bank but not drawing interest the entire time. So basically you gave them a loan but didn't reap the benefits of the interest.
When you pay back, it's basically the opposite from above post. You got more bang for your buck since Jan 1st of that year.
It's all about perspective, if you want to give the "loan" to the government and get that money at the end of the year then cool. If you want your paper up front and a pay a portion back at the end of the year then cool as well.
You should look into adjusting how she handles hers. I really can’t see paying them something all year and then paying them again at the end of the year.i am self employed....i pay quarterly estimated taxes to the US. i usually over pay. but that dont mean the shit aint stressful.
but wifey pays around this time....
yea...our taxes are a bit differentYou should look into adjusting how she handles hers. I really can’t see paying them something all year and then paying them again at the end of the year.
you can work tax free in certain places...Damn you're getting hit by two governments? Sheesh
I thought if you worked abroad only the first 60-70k was taxed. Is that true or not? I got offered a job over seas awhile back but declined but I was under the assumption that how was the tax game was.
Damn it manyou can work tax free in certain places...
and i get hit by four govts...wifey only two
are you a citizen?I am trying to get to the point where I live the required amount of days in the USVI then I won’t have to deal with the IRS. Just taxes there.