Search Members Help

» Welcome Guest
[ Log In :: Register ]

Page 1 of 41234>>

[ Track This Topic :: Email This Topic :: Print this topic ]

 reply to topic new topic new poll
Topic: cr0bar--Read--May help you with taxes...< Next Oldest | Next Newest >
 Post Number: 1
hbar98 Search for posts by this member.
FNG
Avatar



Group: Members
Posts: 19
Joined: Jun. 2000
PostIcon Posted on: Mar. 21 2001,23:12  Skip to the next post in this topic. Ignore posts   QUOTE
cr0bar--

As a long time reader (and lurker), I would like to tell you a little thing I learned this year...

IF you are in college
IF you pay your own tuition (either in cash or in loans)
IF your parents did not/cannot claim you

THEN...

Your tuition costs/book costs/boarding costs can be deducted from your taxable income, therby keeping Uncle Sam from getting all of your money.

I didn't even pay in taxes this year! Note: if your tuition costs is more than your taxable income, therby bringing your taxable income to less than zero, you do not get any money back...however, not paying any is good enough for me

hbar98

Offline
Top of Page Profile Contact Info 
 Post Number: 2
cr0bar Search for posts by this member.
FNG
Avatar



Group: Members
Posts: 733
Joined: May 2000
PostIcon Posted on: Mar. 22 2001,00:30 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Nope, I don't qualify.
Offline
Top of Page Profile Contact Info WEB 
 Post Number: 3
hbar98 Search for posts by this member.
FNG
Avatar



Group: Members
Posts: 19
Joined: Jun. 2000
PostIcon Posted on: Mar. 22 2001,01:05 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Or...you can do this:

Take out lots of loans (if you don't require a co-signer..if you do, get someone you can trust and is a *very* good friend). I'm talking as much as you can get...

THEN

Declare Bankruptcy (after you buy a lot of stuff with the money) and become an Amish person (cuz they don't pay taxes...)...

However, bankruptcy is very hard to do if you are a student...so this may not work..

(BTW, this was meant to be pointless, stupid, and irrelevant...)

hbar98

Offline
Top of Page Profile Contact Info 
 Post Number: 4
Sithiee Search for posts by this member.
FNG
Avatar



Group: Members
Posts: 1941
Joined: May 2000
PostIcon Posted on: Mar. 22 2001,01:43 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
when you declare bancruptcy, youre admitting you cant pay off what you owe, so they take everything you own, and sell it until your paid back. that would not work at all.
Offline
Top of Page Profile Contact Info 
 Post Number: 5
hbar98 Search for posts by this member.
FNG
Avatar



Group: Members
Posts: 19
Joined: Jun. 2000
PostIcon Posted on: Mar. 22 2001,02:57 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Depends which kind of bankrupcy you file...my sis and bro-n-law had to file..and they got to keep all their stuff...

hbar98

Offline
Top of Page Profile Contact Info 
 Post Number: 6
shiznit Search for posts by this member.
FNG
Avatar



Group: Members
Posts: 41
Joined: Dec. 2000
PostIcon Posted on: Mar. 22 2001,03:13 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
DetNet is a source of income rite? So all purchaces related to web design and development of the site are deductable, like for example if you bought Adobe Golive for 趚 and maybe a 22" flat panel monitor for 񘧸. I would do this too for my site, but I'm a student so I don't have income tax.
Offline
Top of Page Profile Contact Info WEB 
 Post Number: 7
Sithiee Search for posts by this member.
FNG
Avatar



Group: Members
Posts: 1941
Joined: May 2000
PostIcon Posted on: Mar. 22 2001,08:45 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
bancruptcy is also a case by case basis. if the judge sees you borrow lots of money, then spend it, then declare bancruptcy, they will not have a problem fucking you over, cause you would deserve it. not to mention your credit would be pretty much ruined for life, and so would your "friend"'s.
Offline
Top of Page Profile Contact Info 
 Post Number: 8
kuru Search for posts by this member.
Detonate.net's 9mm wielding geek-hit-Goddess
Avatar



Group: Members
Posts: 2566
Joined: Aug. 2000
PostIcon Posted on: Mar. 22 2001,08:57 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
i don't know how it works in other places, but i couldn't legally deduct all of my tution, housing costs, and books from my taxes, even though i'm the one who pays for all of it.

students paying tuition to go to college full time get a tax credit of a set amount determined by the government. it's not like you actually get to deduct the exact amount of your tuition... else uncle sam would be owning me a refund of around ฝ,000 this year.

as far as it goes for cr0, there's not much he can do. the government makes sure they get their cut. but he should talk to someone about tax-forgiveness, where they basically settle for a fraction of what you really owe if you can't afford the whole amount.

------------------
kuru
'dancing is the vertical expression of horizontal desire.'
-robert frost

Offline
Top of Page Profile Contact Info 
 Post Number: 9
cr0bar Search for posts by this member.
FNG
Avatar



Group: Members
Posts: 733
Joined: May 2000
PostIcon Posted on: Mar. 22 2001,08:59 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
The problem is simply that I wasn't expecting UGO to rip me off for the last two months of the calendar year.

I'll pull through.

Offline
Top of Page Profile Contact Info WEB 
 Post Number: 10
jim Search for posts by this member.
Asshole
Avatar



Group: Members
Posts: 1208
Joined: May 2000
PostIcon Posted on: Mar. 22 2001,11:43 Skip to the previous post in this topic.  Ignore posts   QUOTE
Someone help me with my taxes!!!

I owed 񘜼 last year, which I just finished paying off last month... WOOO HOOO!! Unfortunatley, this year I owe ũ,800...

------------------
jim
Beauty is in the eye of the Beer Holder
Brews and Cues

Offline
Top of Page Profile Contact Info WEB 
32 replies since Mar. 21 2001,23:12 < Next Oldest | Next Newest >

[ Track This Topic :: Email This Topic :: Print this topic ]


Page 1 of 41234>> 		reply to topic new topic new poll

» Quick Reply cr0bar--Read--May help you with taxes...
iB Code Buttons
You are posting as:

Do you wish to enable your signature for this post?
Do you wish to enable emoticons for this post?
Track this topic
View All Emoticons
View iB Code