I once owed $34,000.00 in back taxes
Posted By: to the IRS. I was very honset with them on 2006-04-12
In Reply to: Amnesty of taxes? - tia
and set up a repayment schedule, had the money taken out. They did not take all my check, just a small amount, as long as they were paid every month, and it took me over 7 years, but I finally paid them off. They were very, very cooperative and we told that what we could afford to pay them monthly and still pay our bills. They said okay and that was that. I never had any problem with them and I never went to one of those places. Maybe try talking with them and explain your situation.
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- Amnesty of taxes? - tia
- I once owed $34,000.00 in back taxes - to the IRS. I was very honset with them
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Your $4K cost you $900?? I just did my taxes and on $7182 I owed - sm
$1099 in SE taxes, are you sure you figured it out right? I can't believe my taxes for almost 2 x as much were only $200 or so more than yours. Something does not seem right.
You need to put back more for taxes..
Uncle Sam is going to take more than a quarter of your earnings - closer to half! I would also talk to an accountant about this also so you know exactly how much taxes are going to take.
I would not quit work - cut back maybe but definitely not quit. As others have said on here, $500,000 is not enough to change your lifestyle over. However, if you're smart about it, it can certainly help you to do things that you would not have been able to do before.
Congrats on the good fortune and enjoy it!!!
Try to get you old job back, I'd kill for $500 a week after taxes- nm
x
I think they mean they don't pay what is owed
I used to work for somebody who did this. They sent the work to India and they worked for free for about 3-4 months without getting paid (yeah, they kept working) and then they would move on to the next company.
I'm glad you think you are owed that much.
I have rarely seen such a ludicrous response as yours.
No moneys owed
Well the problem is........ she is not owed any other moneys.
I have been in business a long time and have always paid the ICs. Doris Latta loves to have drama going. THE PROOF IS IN THE PUDDING! Where is it?
You should be paid what is owed...
I am glad you are not letting this go and posts like this should remind companies that when you receive a service you have to pay for it. I have had trouble getting paid from other places too, and I am glad you are going after what is rightfully yours. Best of luck to you!
How do I go about getting money owed me
by a small MTSO. She owes me a little over $2000 and I really worked hard for that money but have not yet gotten received it. This is owed me for pay periods ending 4/30 through 05/31. I will not mention names here because I'm not sure I am allowed to do that but would really like to let everyone know who it is so the same thing doesn't happen to them. Thanks for your help.
You have your W2 showing very clearly those taxes were paid. MQ is responsible for those taxes
because you were a statutory employee. That is the responsibility of the employer to pay those just as though you were an employee.
No, they sent me a check for 2 cents saying they owed it to me. lol
I had better decide where to spend it
If someone owed me money since October, I would tell them that I
was not doing any more work for them until they paid me. Hope you did not do the stat for them.
They at least owed you a call/email stating they would not -
After being in contact with an applicant, having them fill out a form, etc., it's just plain rude to give them no feedback whatsoever. What if an applicant let another job pass by while waiting for this one, thinking it was a better job and that because things had gone well on the phone conversation, that the application process would at least continue. Very unfair to you, and very rude of the employer.
didnt work so owed no money
it is bigger equipment and expensive. AND they never worked so I did not owe them any money. Some were so "anxious" to work that I spent a small fortune sending it overnight so they could "get started" because they really needed to work. I want to believe in the best of people, but it is getting harder and harder.
Send me the proof of the over $1900.00 that is owed. If you can prove to me
that you paid that amount, then all posts will be removed. I am not talking about any previous monies paid, but the last monies owed of over $1900.00.
Anybody hired a lawyer to get money owed from MTSO?
I have given MTSO 7 days to finally pay an old invoice but still nothing. Has anybody ever hired a lawyer to write a demand letter and how much did it cost? I believe I have to send demand letter before filing in small claims. The invoice is for just over $200 so don't want to spend a lot of money and be out even more $$.
thanks.
BK does not cover student loans or IRS owed monies. bummer.
x
I have definitive proof from the MT that the money is owed. The MT is also taking action
on her part to get the unpaid wages compensated by the owner through the Labor Board.
The problem is getting an attorney to represent these poor folks that are owed money.
Knowing etranz, they'll just file bankruptcy.
Ditto on Voice Systems. I have a friend who worked for them and ended up being owed .... SM
way more than $1000 when the first company went bankrupt. Also I had applied but decided not to take the job, and the MTSO literally begged me to come to work for them. I'm sure glad I didn't. Maybe this present company they've started will be better, but so far, it doesn't sound like it.
As an IC when paying taxes, are SS and fed taxes sent SM
to the same place?
With short arms, I need chair with shallow seat, good back support and high back. Want arm rests
:+
OK! I'm glad you're back down here. Now don't go back up there and read those evil posts ag
Okay? But I have to leave you now, sadly. Thousands of noble dictating doctors are anxiously awaiting my help with their "dictations"....They're all loading up on chips, drinking lots of soda so they can burp, and then have to go to the bathroom...You know the routine! Off I go to earn some pennies!! But, truly, I am thankful that I have a job! 
PS.. It apparently worked..I heard back and already submitted the paperwork back.
I'm not sure how many people they are hiring but you shouldn't stress too hard over it. Do the best you can.
THANK YOU! That is my point. She still pays taxes, her DH still pays taxes...
so who exactly is getting cheated? And just who are you talking about when you talk about whether it is "fair" or not. I don't give a crap how much taxes my neighbor pays. It's none of my business. And if I found out they were paying less in taxes than me, I would ask them how they heck are they doing it so I can do it too!
I just want ask, is it necessary to get personal and insult? You disagree with me, fine. But I've been called a liar, a cheat, a no-ingetrity thief, my intelligence has been insulted, and I have had my parenting skills questioned. That is a little over the top. If you cannot debate an issue without resulting to personal attacks, then YOU are the stunted one!
It is a very good thing that some of you work at home, ALONE! You are sorely lacking in people skills and diplomacy. Let me guess, when you worked in the office you were one of those girls who didn't like to share her desk, griped if someone dropped a crumb on your desk, and kept track of everyone's breaks, lunches, and line counts just so you could tattle to the supervisor! I've worked women like you, it was like working with kindergarteners. That's why I came home to work. Do us all a favor, looking in the mirror, count your wrinkles, and realize that this isn't high school anymore!
Not me, owed last year, and expect to owe this year- sm
or break even, had more expenses this year. Only owed $200 but still don't want to owe at all. Need to start doing estimated tax payments again so I don't owe! Guess I will get off my butt and do that this year.
I would not do them back to back - I have done 2 and 3 jobs at the same time -- all PT - sm
It is possible to do of course but you will burn out fast. Now I do one almost FT (about 30 hours a week) and the other is about 8-10 hours a week-- I still get beat doing that and that is w/o set hours. I find that the older I get the harder it is to work late and I am only 40! But a mid afternoon 30-minute cat nap helps a lot in order to keep going on busy days.
How do you set your computer back 1 day. I messed something up and need to go back 1 day.
NM
I do pay taxes --- MOST DEFINITELY PAY TAXES
I also keep track of all of the write offs!!
Do you also pay your own taxes?
that means it works out to about $13 an hour.
Taxes
Do you think when you are working for someone else that "they pay your taxes?" We all pay our own taxes except for the additional 7.5% of SS as an IC you pay. And I will bet that as an IC/MTSO I pay a lot less taxes than you do and I make more than you do. I cannot understand the mentality of people that say "you pay your own taxes." Your employer just "holds your money and pays your taxes." I am just responsible enough to put the money aside and pay mine but as a IC/MTSO with all my deductions I pay on 20 to 25% of my gross and I am able to put aside $700 to $1000 per month in my retirement which is totally deductable. Your statement is totally incorrect.
IC - taxes
I am never sure whether to classify myself as an IC or small MTSO as I have my own accounts. But where I see a lot of the problem is that the doctors are not making as much as they used to, due to insurance company reimbursement, etc. They are trying to save every penny that they can just like we do. I keep my line charges probably quite low according to many standards but I make a a very good living and I cannot see charging the doctors 15 to 18 cents per line when I make very decent money at 11 to 12 cpl -- gross lines. I also get GREAT tax breaks and though I have to pay the other half of the SS self employment, I still bring home more of a dollar than working for someone else. I have also found it hard to find anybody that will subcontract to me that is truly dedicated and will work hard. (I pay 8 to 9 cents per gross line and I deliver tapes and do all the printing, pick ups and deliveries) I know that kids get sick, there are football games, etc. but this is still a job and you gotta put it first sometimes. It is hard to find anyone that will work the TAT of 20 to 24 hours by the time I get the tapes to them. Then that leaves the burden on me. So I mostly stick to my accounts that bring me in $50 to $55 per year (and this gives me my benefits) and have turned down accounts because I don't want the hassle of the IC's to me and they could be going overseas right now. But I think that the insurance companies are behind this more than the docs. When your MRI is interpreted over in India -- do you get a break on the interpretation -- no but the insurance company gets a break on what they pay out so who pockets it????
My thoughts and I am sure I will get a lot of disgreements but that is okay we are all entitled to our thoughts. Oh yea for this amount of money I do work 28 to 32 to hours per week-- just quit an in house part-time job as they wanted me at least 24 hours now, started out at 10 to 12 but the docs found out that they could make more money paying me to transcribe their tapes than to type their own notes in the EMR's even with templates. So we will be around for a while. Oh yea if I would have kept on with both jobs would have easily made $65 K but working 50 hours a week was getting to be a bit much.
Patti
IC taxes
One suggestion that I have for all of you that are questioning IC taxes is to look at your past tax refunds when you were an employee and see what percentage was withheld and do about the same. Yes there is that extra 7.5 for SS but it is also a deduction and you can look to find 7.5% of your pay as a deduction whether it be in the form of your own retirement fund, etc. When I saw that I was paying so much to the IRS, I decided that if I could afford that I could start my own retirement fund and did it. I now contribute close to $1000 to it per month. So go online, get an old copy of Turbo Tax and run off the schedule C's and see what deductions can be taken for a small business and then see what you can do to save in taxes. Look at your old tax returns and if you are married have your husband over withold if you can't do it yourself. You are not paying that much more when you work for yourself you are just in charge of paying them yourself and not allowing someone else to hold it out from your check. But look at old returns, plan, plan and plan. When you look at your net vs your gross that will tell you what percentage your employer is holding out. Either as an employee or an IC we all pay our "OWN" taxes but as an employee someone just does it for you. Good luck to all of you. Patti
TAXES~~
You get to deduct sooooo much, part of your housing, utilities, any supplies such as printer paper. Last year I made about 40,000 and once the deductions were complete, it was right at about 8000 (have kids to deduct of course so that helped)
taxes
I live in Alabama and have always been employed in Georgia. Other than the time I was an IC, we always filed both Alabama and Georgia tax, whether I did the work at home or not. My husband works in Alabama. The amount of the tax always pretty much balanced out. In fact, I usually got a refund from both states, just more for one than the other. As an IC, I only file an Alabama return, as that is where my "home business" is located, no matter where my "clients" are.
Taxes
If you are talking about tax deduction the answer is no. If you are an employee and the company is taking out your taxes, etc. you are not considered an independent contractor. If you are SELF-EMPLOYEED...then the answer would be yes.
Taxes
Maybe they do that because they don't have to pay SS, or withhold any taxes for them since they don't live here. Maybe we need to put the bug into the government's ear that they are losing out on a lot of money here by allowing them to do this and you know how the government loves money. Just a thought.
IC and taxes
Is it a pain to do taxes when you are an IC? What do you all do?
IC taxes
Go here: https://www.eftpssouth.com/Eftps/
This is for federal taxes and you can pay on a weekly, daily, monthly, etc basis. As far as expenses deductible, you really need to do some research - you can deduct all expenses related to the running of your business. Best thing to do is have a room in the home/apt totally devoted to work and you can then take that % of home as a deduction. You obviously know very little about this stuff or you wouldn't ask that question. I would suggest getting the IRS instruction booklet on home office and the one on business expenses and reading it thru thoroughly. If you are not good at this stuff, then hire someone to do your first year and learn.
IC taxes
Will do that. Thanks for your input.
taxes
They are right in that the SS is 15.7% but remember when you were working for someone they held out 7.5% from your check. Look back at your checks as an employee and see what was held out -- the only diference from being an IC is that you have to be responsible to pay the taxes and not have someone withold them for you. Also look to see what deductions you have, take those off and you pay 15.whatever of that amount in SS. It all depends on what you are making. I start out with 45K+ and pay SS on about 15K. But I have a retirement fund that I am contributing to and that takes a lot off. But if you look at your paycheck as an employee you will see that 20 to 25% is being taken out of your check and you ARE paying those, someone just makes sure it is deducted. If you husband is working as an employee (my ex-was) I had him hold out as single none and we always got something back. Either way as an employee or an an IC -- we allpay it in the end.
IC Taxes??
I have recently taken a job as an IC, this is my first IC position and I was wondering if any of you wise folks could give me some advise regarding income taxes and such.
In the past I have always used TaxCut or TurboTax for my income taxes. Is there a similar product for the 'self employed' that is as helpful? Does anyone have any experience with any of these?
Also, MUST I pre-pay taxes and/or SSI quarterly? I ALWAYS get all my taxes I pay in back in a refund and my income is essentially the same as my previous employment.
Thanks!
You actually mean net? After taxes? nm
x
taxes
Haven't started mine, but for the first time in ages, I have only one 1099! Should be pretty simple.
TAXES.
I am new to this IC tax stuff. This is my first year doing this, and I have no idea what I am in for at tax time. I only work part time, and I bring in about 350 every two weeks. Should I be paying in quarterly? Any tips for tax time? Thanks in advance for your help.
Taxes as IC
Are you married -- did you have your husband over withold to cover your taxes? Do you have receipts for any programs, computer, etc. that you bought? Do you use part of your house solely for your business? Do you use an internet service for your business, phone? You need to buy Turbo Tax or talk to an accountant if you are unsure as to what to claim and not claim. But anything that pertains to your business is deductible. Turbo Tax takes you through it step by step. Mileage to the bank to deposit, buy supplies, any business related errand is deductile. You will have to pay 15% on your NET income that is why you want as many deductions as you can get. Again, if you are married have your hubbie over withhold even if it is a certain amount of one less deduction if you have kids to cover your taxes. When you see what you owe -- if you do this year you can then divide that by how may pay periods and have him withold that much. But dig for those deductions. E-mail me with any questions.
Taxes (sm)
We used to pay a CPA at the end of the year to do our taxes, claimed all our exemptions, equipment costs, office costs (if applicable), phone, etc.,on a Sched. C for me and my husband's W2, then we both were IC's and he did two Sched. C's and all he did was give us 4 slips for next year's "estimated" tax to send in a check quarterly. If we found we were making more, we were to call him and he would adjust our quarterly payment to more, it usually worked out. If you're an employee, then it will be different, I was self-employed, helped to keep track of all expenses, postage, phone, books, etc., anything to do with my profession. Perhaps you are not an IC but this worked for us, if you have kids, then the acct. would take this into consideration. Perhaps you'll get a "surprise" refund for the "kiddos." Good Luck! Have a "fruitful" year!
Taxes
In 18 years of filing as an IC and owner, have never paid quarterly while married. Always had my husband over withold and even some years had to pay a little (under $500) but they have yet to question (knock on wood). But my income and write-offs always stay about the same, every third year a new computer, then the next a printer, then some transcribers, etc. The government does not care who or where the tax money comes from when filing as a joint return as long as they get it. You are just combining your income as if each of you had a job but you are an I/C instead and don't have someone withholding from your earnings.. I always filed electronically and had my refund within a week. Heck you can borrow the money to pay your taxes and they don't care as long as they get paid.
Patti
taxes
Can anyone give me a list of things that I am able to deduct for working at home. I am new at working at home and need some specifics.
Thank you!!
taxes
Unless you have a special reason for needing to pay H&R Block to do your taxes, you can do free file with H&R Block online. You access it through www.irs.gov. A lot of people don't know that there are companies out there where you can electronically file for free. Most of them don't include free state filings, but my daughter found one last year that did both of hers for free. It isn't a program that is widely publicized. I only found out about it through a tax newsletter that I subscribe to. We have two different businesses this year, though, and I'm not sure I'm going to have the knowledge to do everything, but I'm still going to give it a try. They walk you step by step through the whole process. You answer questions at the beginning and it brings up forms and steps in the order you need to file. It's worth looking into. Actually the IRS has a lot of helpful information regarding filing. Tax Hotline calls it "surprisingly good," and said it's recently been redesigned to make it even more useful. Why pay somebody to do something you can do yourself?
IC - taxes, etc.
Hi, I'm an IC for a company and am considered self-employed. I am having H&R do mine for the first time. I am going to check into deductions for expenses. I am hoping for the best.
Taxes
I have used H&R Block in the past about 4 years ago I think. It was a lot more expensive than I thought it would be, around $200 I think, but I had some extra stuff to do because of some divorce issues and they charged by every form they have to do. But on the other hand it was worth it because it was my first year as IC and after that I just followed what they had done to do the next years' taxes using TaxCut myself.
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