Forty one pages. Not sure if it's all right, but did my best. Up to the IRS now

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docmirror

Touchdown! Greaser!
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Cowboy - yeehah!
My record so far was 38 pages but we had some foreign investments that took an extra schedule, and I had some recapture that is really hard to calculate from a sold asset. We had to recompute the basis which took more pencils.

Hope the IRS has a sense of humor.
 
Never counted the pages, but they are up there. Over paid quarterlies based on last year's income so I had the choice of no quarterlies this year by leaving the overage with the IRS or taking my money back and paying quarterlies. I took the money back, screw them, it's better sitting in my account than theirs.
 
Used TurboTax again. With all the supporting pages, 184 for Federal and State. Didn't look to see how many pages are 'submitted'. Burned everything to a CD. Definitely not printing everything, just the submittal package.
 
I just have the accountant do it and sign the thing. I don't even read it. If I did, I wouldn't understand most of it anyway, so I just sign... and pay.

Rich
 
My last year in business (2011), I filed 13 tax returns IIRC. Well, actually my accountant did.

Working in Ohio---where many cities have income taxes too---killed a lot of trees.

And we had four entities filing that year. Us, two LLCs and one corporation.
 
just watched my refund get cut in half....******* turbotax duplicated my K-1 **** that ****es me off for like a week I thought I was going to get a pretty nice piece of jack
 
RJM62 said:
I just have the accountant do it and sign the thing. I don't even read it. If I did, I wouldn't understand most of it anyway, so I just sign... and pay.

Rich
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Same here. I do all the monthly taxes, but at the end of the year I bundle everything up (well, nowadays it goes on a thumb drive) and give it to the same accountant I've used for 16 years.

Using alchemy and mysterious formulas, he produces a thick stack of absolutely incomprehensible gibberish, which Mary and I sign. We usually owe a significant chunk of change. Then, a month later, I send the accountant another ginormous check. The entire system is a scam.

If we ever go to jail, we will have no idea why. :mad2:
 
Accountant sent a lovely envelope about an inch thick with a cover letter explaining that State would be issuing a refund electronically, and a sheet and window envelope to send Federal some bucks.

I realized we forgot a few items and emailed him a while back. He said no problem, but he does amendments in May. So he will be in touch.

Didn't even bother more than glancing through the ridiculous pile of paper. Tossed the envelope in the storage where the taxes go and made a new envelope of things to discuss for the amendment and the supporting docs, and have that sitting here waiting for his email in May.

Only interesting thing about this year was we were told to mail the stuff to a Federal through San Fran instead of the usual Utah. Zzzzz.
 
docmirror said:
My record so far was 38 pages but we had some foreign investments that took an extra schedule, and I had some recapture that is really hard to calculate from a sold asset. We had to recompute the basis which took more pencils.

Hope the IRS has a sense of humor.
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Mine was over 80 pages, but then mine was done by someone that charged me by the hour and the page.
 
That's nothin...I had an expense report for a 46 hour trip that was 51 pages once. Best part was the CFO had changed the paperwork so that the rows/columns didn't add up, and the spreadsheet was written so that we had to do the math with a calculator. Be interesting to know how much time he wasted finding errors on those.:dunno:
 
Mine took 5 minutes. I didn't hit the threshold for itemizing. W-2s + 1099's - std deduction = done. Oh, and it was done Feb 2.
 
JOhnH said:
Mine was over 80 pages, but then mine was done by someone that charged me by the hour and the page.
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My guy doesn't charge that way, too hard trying to justify the cost, now he just has a letter saying that you are paying for his expertise or some such nonsense, I just pay him as he has saved my bacon a few times now.
 
JOhnH said:
Mine was over 80 pages, but then mine was done by someone that charged me by the hour and the page.
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There ya go! I love tax accountants. Here's my accountant joke:

Smith Barney needs a new accountant, they have three interviews.
First guy interview:
" Hi Mr Smith, we have one question for you: What is the sum of 2 plus 2?"
Smith: "Why that would be four."
"Thanks for coming in we will be in touch."
Second interview:
" Hi Mr Jones, we have one question for you: What is the sum of 2 plus 2?"
Jones: "Why that would be four."
"Thanks for coming in we will be in touch."
Third interview:
" Hi Mr Williams, we have one question for you: What is the sum of 2 plus 2?"
Williams, gets out a calculator, legal pad and pen: "Well, you just tell me what you want it to be, and I'll take care of it."
"Thanks for coming in, and welcome to Smith Barney!."
 
I fall into that category of people wealthy enough to have a big complicated filing but not wealthy enough to afford to pay someone to keep track of everything.

Every year I spend days digging through filing cabinets and piles of papers. Then another round after the accountant tells me he's missing x y and z... This year was especially horrific because my dad passed away and our farmland went up enough in value that we had to go through the estate tax bs. Filed something the size of a book...not even joking it was nearly 2" thick and I'm told 1/3 of these get audited. Still waiting on the IRS to respond. I'm sure they'll find a time when I'm right in the middle of something else. Oh and let's just not even start on the obscene amount of money that I had to pay... if you thought a typical return was bad... ugh....

My dad used to campaign about abolishing the IRS and going to a federal sales tax system. I thought he took it kinda far sometimes as a kid. Now, having to deal with what he dealt with I get it. I know politically it's a non-starter, I think it's a good idea not just for me but for everyone but some people believe it will hurt the poor and most don't have this much of a nightmare to deal with, they just throw the forms they got from their employer and a couple investment companies into an envelope and spend 30min with a tax preparer each year. You really have to live with it for a few years to understand what a burden it is before it really sinks in what this does to people.
 
cowman said:
I fall into that category of people wealthy enough to have a big complicated filing but not wealthy enough to afford to pay someone to keep track of everything.

Every year I spend days digging through filing cabinets and piles of papers. Then another round after the accountant tells me he's missing x y and z... This year was especially horrific because my dad passed away and our farmland went up enough in value that we had to go through the estate tax bs. Filed something the size of a book...not even joking it was nearly 2" thick and I'm told 1/3 of these get audited. Still waiting on the IRS to respond. I'm sure they'll find a time when I'm right in the middle of something else. Oh and let's just not even start on the obscene amount of money that I had to pay... if you thought a typical return was bad... ugh....

My dad used to campaign about abolishing the IRS and going to a federal sales tax system. I thought he took it kinda far sometimes as a kid. Now, having to deal with what he dealt with I get it. I know politically it's a non-starter, I think it's a good idea not just for me but for everyone but some people believe it will hurt the poor and most don't have this much of a nightmare to deal with, they just throw the forms they got from their employer and a couple investment companies into an envelope and spend 30min with a tax preparer each year. You really have to live with it for a few years to understand what a burden it is before it really sinks in what this does to people.
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Amen, brother.

It's funny how none of our dad's complaining makes sense until we're living it. ;)
 
Yeah, when I was 15 I knew my parents were complete idiots. Funny how when I got back from the Army they seemed to have gotten so smart.
 
I just talked to my CPA, I told him I may pull a Robin Williams this afternoon! :yikes::yikes: Needless to say it was much worse than I had anticipated and I now have a kidney for sale on Craigslist! :mad2::mad2:
We switched from a C corp to a sub-S and this is the first year we have owed a significant amount of tax and it's painful!
We remodeled the dealership last year and Ford paid us just shy of $700K and I spent $1.6 million. The bad news is the $700K is taxable income, not an offset to the cost of construction, so I have to depreciate the $1.6 over time, but pay the tax on the $700K this year! :mad2::mad2:
 
Only 41 pages? Mine was 75 plus all the vouchers, instructions, and the like.
 
I just got home after a long day, downloaded 2104 H&R Block, imported last year's return, clicked four boxes and filed an extension.

It took five minutes...now I can procrastinate another five months.

:D
 
Flat tax anyone? I have no idea how many pages were involved with my nine s-corps, my accountant did it all. Insanity, because there is really no way to actualy comply with all the tax law.
 
The IRS gets almost all the information required to complete the tax forms the same time or even before we do. The IRS should be required to assemble all the info onto their forms and send it to you to finish with info they don't collect such as cash transactions, new dependents, charitable contributions or whatever else. It should take an hour and be simple to do.
 
PaulS said:
The IRS gets almost all the information required to complete the tax forms the same time or even before we do. The IRS should be required to assemble all the info onto their forms and send it to you to finish with info they don't collect such as cash transactions, new dependents, charitable contributions or whatever else. It should take an hour and be simple to do.
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That's the one that gets me. When I took over for my dad he had all kinds of stuff coming in and I didn't know what half of it was. I asked the accountant what happens if we miss something and he said the IRS would just send a letter saying how much more they think I owe.

If they already know then why the ****** do I have to report it?
 
cowman said:
That's the one that gets me. When I took over for my dad he had all kinds of stuff coming in and I didn't know what half of it was. I asked the accountant what happens if we miss something and he said the IRS would just send a letter saying how much more they think I owe.

If they already know then why the ****** do I have to report it?
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I had four this year, although no business return for me for the first time in a while, just k-1s. By the middle of March my head was spinning trying to make sure I had all the 1099's. Once that was under control I had to wait for a couple K-1s. Who was the genius that decided those didn't have to be delivered until April 15th? Fortunately the one that is always down to the wire came April 1st this year.

I'd love a flat tax, but it will never happen, at least in my lifetime. I do think a wholesale change in how the IRS does business along with a "defangment" could happen and it would be long overdue.
 
What I don't get is this: We are clearly spending way more than the taxes that are being collected. Qualitative easing, deficit spending, borrowing from China, all of these thing have disconnected our government from any sort of financial control by we, the taxpayers.

So why maintain the ruse? Why go through all this headache when clearly there is no longer any connection between income and expenditures, and there seems to be no downside to this behavior?
 
Control. Social Engineering.

Elon Musk figured it out. He realized that California would hand him a check for every cars his competitors could NOT build and make a profit.

Same thing with all sorts of taxes.

It's crapitalism. Chrony capitalism.

The tax code is roughly 76,000 pages printed. Think there isn't a one of us who hasn't broken some part of it?

It has absolutely nothing to do with revenue. They can spend whatever they like.

It's about control.

How many months of last year did you work to pay your taxes?
 
Jay Honeck said:
So why maintain the ruse? Why go through all this headache when clearly there is no longer any connection between income and expenditures, and there seems to be no downside to this behavior?
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Don't maintain the ruse and you will come home and find your bank account empty, and your house liened to the hilt.

I'd call that some downside. Sacrifices have to be made, mister. :(
 
my 2014 US tax return, 57 pages
my last AUS tax return, 3 pages
of course the australian tax is twice the $$. Given the choice I'll go with more pages.
 
docmirror said:
Don't maintain the ruse and you will come home and find your bank account empty, and your house liened to the hilt.

I'd call that some downside. Sacrifices have to be made, mister. :(
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The "no downside" I was referring to was for the government spending any amount it wants, regardless of what we pay. Despite many of us predicting hyperinflation and other problems, there seems to have been absolutely no downside to the government spending any amount, completely disconnected from any taxes we may pay, over the last 7 years.

So, now that we know that "taxes" are clearly not needed to fund the government, why maintain the ruse?

As Nate points out, this isn't about money at all.
 
Jay Honeck said:
So why maintain the ruse? Why go through all this headache when clearly there is no longer any connection between income and expenditures, and there seems to be no downside to this behavior?
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It's quickly becoming a straight vote buying business for the left.

Already Clinton is talking about 'making opportunities for the middle class'. This means that if elected, she will double down on the extralegal maneuvers pioneered by Obama to give away money for votes. The left has now abandoned any efforts to grow the economy by historically accepted structural means. They intend to simply do whatever is required to pacify the electorate.

There will be no more responsible planning or efforts to expand the manufacturing base. The housing industry is no longer important. It won't matter that entire generations aren't educated. The United States is being made into a giant giveaway scheme, financed by deficit spending and tax increases on the wealthy.
 
3393RP said:
It's quickly becoming a straight vote buying business for the left.

Already Clinton is talking about 'making opportunities for the middle class'. This means that if elected, she will double down on the extralegal maneuvers pioneered by Obama to give away money for votes. The left has now abandoned any efforts to grow the economy by historically accepted structural means. They intend to simply do whatever is required to pacify the electorate.

There will be no more responsible planning or efforts to expand the manufacturing base. The housing industry is no longer important. It won't matter that entire generations aren't educated. The United States is being made into a giant giveaway scheme, financed by deficit spending and tax increases on the wealthy.
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You just wrote my Quote of the Day, sir. Thank you!
 
3393RP said:
It's quickly becoming a straight vote buying business for the government.

[snip]
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While I am traditionally conservative (and remain so), I FTFY. It ain't just the left that's buying votes. They buy different votes on the right and the left, but it's all about staying (or getting) in power. And the better ones are idealistic about it. "If we're not in power we can't fix anything." is the common cry.

I'm really not a cynic, but without an informed, responsible electorate, none of this representative government works very well.

Bread and circuses. Hang tomorrow, let me have what I want today.

And most of us define informed and responsible as folks who think just like us. Which is also not true, but has been perpetuated by the campaign machinery that figured out you can get people motivated enough to vote by painting the other side as dangerous, ignorant and greedy. Which some are (on all sides!).

John
 
3393RP said:
It's quickly becoming a straight vote buying business for the left.

Already Clinton is talking about 'making opportunities for the middle class'. This means that if elected, she will double down on the extralegal maneuvers pioneered by Obama to give away money for votes. The left has now abandoned any efforts to grow the economy by historically accepted structural means. They intend to simply do whatever is required to pacify the electorate.

There will be no more responsible planning or efforts to expand the manufacturing base. The housing industry is no longer important. It won't matter that entire generations aren't educated. The United States is being made into a giant giveaway scheme, financed by deficit spending and tax increases on the wealthy.
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Here is a winning formula!

1) Start with an unsupported, inflammatory proposition. "Vote-buying business" is great!

2) Next make a conclusive statement that is purported to come from a candidate for an election that is 19 months away. It does not matter how disconnected this statement is from the candidate's actual platform (because let's face it, with 19 months to go, the candidate has not actually developed a detailed platform on this particular issue). If possible, mention the O-word here.

3) Now make an unsupported conclusion of the consequences of letting said candidate proceed with said plan. Make sure it is sufficiently dire and at the very least implies how the wealthy will be forced to give money to the poor. Try to avoid using racial slurs, if at all possible.
 
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