FWIW...Schedule K-1's ...
 

"JustWaitAFrekinMinute" wrote in message ...

On 3/22/2013 10:44 AM, Califbill wrote:
"JustWaitAFrekinMinute" wrote in message
...

On 3/21/2013 8:28 PM, wrote:
On Thu, 21 Mar 2013 17:14:20 -0400, J Herring
wrote:

...suck!


Salmonbait

I am staring at one as we speak. I just got it today.


What is so hard about a K1? Maybe I can help?


----------------
I can see you have never dealt with a K-1.


I have been filing them since the late 90's when we incorporated...


---------------

there is a difference between reporting a K-1 and filing a K-1. Large
difference.

FWIW...Schedule K-1's ...
 

On 3/22/2013 11:49 AM, Califbill wrote:
"JustWaitAFrekinMinute" wrote in message
...

On 3/22/2013 10:44 AM, Califbill wrote:
"JustWaitAFrekinMinute" wrote in message
...

On 3/21/2013 8:28 PM, wrote:
On Thu, 21 Mar 2013 17:14:20 -0400, J Herring
wrote:

...suck!


Salmonbait

I am staring at one as we speak. I just got it today.


What is so hard about a K1? Maybe I can help?


----------------
I can see you have never dealt with a K-1.


I have been filing them since the late 90's when we incorporated...


---------------

there is a difference between reporting a K-1 and filing a K-1. Large
difference.


I am the tax partner in our LLC, I file K1's... I also report them on my
personal taxes every year.

FWIW...Schedule K-1's ...
 

In article ,
says...

On 3/22/2013 10:44 AM, Califbill wrote:
"JustWaitAFrekinMinute" wrote in message
...

On 3/21/2013 8:28 PM, wrote:
On Thu, 21 Mar 2013 17:14:20 -0400, J Herring
wrote:

...suck!


Salmonbait

I am staring at one as we speak. I just got it today.


What is so hard about a K1? Maybe I can help?


----------------
I can see you have never dealt with a K-1.


I have been filing them since the late 90's when we incorporated...

Yeah..... sure......

FWIW...Schedule K-1's ...
 

On Fri, 22 Mar 2013 01:45:59 -0400, wrote:

On Thu, 21 Mar 2013 21:30:18 -0400, J Herring
wrote:

That is ridiculous for me. I have one real estate partnership and the
numbers on the K-1 are a few bucks here and there. I end up paying
regular income on the distributions and the IRS has never said a word
to me. I am sure if they audit me and actually run the K-1, they would
owe me money. That is what happened the two times I was audited. Both
times they wrote me a check. I always give them the money if I am in
doubt. I don't want them in my ass. It is still not enough to pay a
CPA.
When I had my business I used Turbotax but I have a pretty simple form
these days.

Whenever I've had serious doubt, I kept the money. I figured I could explain my doubt well enough to
a judge that I'd never get convicted of fraud. That didn't happen often, but I've never been
audited, so don't know what the result would have been.

The real problem is, the IRS charges you a lot of money for that
"loan". If they decide you owe them money they start tacking on
interest at a rate worthy of a loan shark ... or a payday lender.
I try not to pay a whole lot more than I owe but if is a few bucks I
let them have it. Call it civic pride and helping our government
balance the budget.

It's nice to know that you're willing to fund the wars you so hate.

FWIW...Schedule K-1's ...
 

On 3/23/2013 12:09 PM, wrote:
On Fri, 22 Mar 2013 10:47:34 -0700, Urin Asshole
wrote:

On Fri, 22 Mar 2013 01:45:59 -0400, wrote:


The real problem is, the IRS charges you a lot of money for that
"loan". If they decide you owe them money they start tacking on
interest at a rate worthy of a loan shark ... or a payday lender.
I try not to pay a whole lot more than I owe but if is a few bucks I
let them have it. Call it civic pride and helping our government
balance the budget.

It's nice to know that you're willing to fund the wars you so hate.

I do it at the point of a government gun


It finally comes out. Harry refuses to pay his taxes
because............... he does not agree with US policy abroad.

FWIW...Schedule K-1's ...
 

In article om,
says...

On 3/23/2013 12:09 PM, wrote:
On Fri, 22 Mar 2013 10:47:34 -0700, Urin Asshole
wrote:

On Fri, 22 Mar 2013 01:45:59 -0400, wrote:


The real problem is, the IRS charges you a lot of money for that
"loan". If they decide you owe them money they start tacking on
interest at a rate worthy of a loan shark ... or a payday lender.
I try not to pay a whole lot more than I owe but if is a few bucks I
let them have it. Call it civic pride and helping our government
balance the budget.

It's nice to know that you're willing to fund the wars you so hate.

I do it at the point of a government gun


It finally comes out. Harry refuses to pay his taxes
because............... he does not agree with US policy abroad.

I'm sorry, could you point out where Harry said that?

FWIW...Schedule K-1's ...
 

On 3/21/2013 4:14 PM, J Herring wrote:
...suck!


Salmonbait

--
Hope you're having a spectacular day!


Going to see my accountant tomorrow at 10am.
I've spent about 15 hrs getting all the numbers together,
not including the time spent on the monthly bookkeeping.
I'll probably walk out with a $500 bill for about an
hour and 1/2s work.
Mikek

FWIW...Schedule K-1's ...
 

On Mon, 25 Mar 2013 09:16:21 -0500, amdx wrote:

On 3/21/2013 4:14 PM, J Herring wrote:
...suck!


Salmonbait

--
Hope you're having a spectacular day!


Going to see my accountant tomorrow at 10am.
I've spent about 15 hrs getting all the numbers together,
not including the time spent on the monthly bookkeeping.
I'll probably walk out with a $500 bill for about an
hour and 1/2s work.
Mikek

I use Turbo Tax. Finally talked my brother into it after he spent many years paying an accountant
$400-$500 to do them. Now it's about $60.


Salmonbait

--
'Name-calling'...the liberals' last resort.