How much are you getting back from the government?

[MasterOLightning]

I made a bit over $3,000 so I guess I should be getting something back. Although it's more like I'll be replenishing my bank account after paying taxes. Since I get paid in cash, I just have to pay a lump sum at the end of the year.

 

[Rob "Klister"]

i work under the table for a roofer so....nothin

 

[The Ozzman]

That really sucks. I hope you get cleared of that.

Okay so, I think I know what the problem is:

I had some mutual funds that I had transferred to another account and they were treated as income from the sale of the assets. Now, the cost basis wasn't included, which would mean that every single dollar of assets sold would be taxable. However, with the cost basis, most of those gains would be negated, meaning I pay taxes on less money.

All I need is a 1099 for those funds and to have my accountant fill out an Amended 1040 and all will be well (for now)

 

[A1a23]

400 bucks

 

[MetalAges]

hey Deron, how do you heat hot water?

Doh...! WATER HEATER why you little...

 

[Psychonaut]

Not enough. Get married, buy a house, donate my car to charity, and I get a small envelop with just a smear of a turd in it. Fucking government was too cheap to give me the whole log of shit.


I'm not mad or nothin'

 

[Krigloch the Furious]

I'll give you a log

 

[Psychonaut]

I know you would, Krig. I know...

 

[cookiecutter]

~500

 

[Pessimism]

No idea I haven't been sent anything...

 

[The Ozzman]

No idea I haven't been sent anything...

Did you file a tax return?

 

[supseudonymous]

$330

 

[waif]

I apparently now owe the government 10,500 dollars from income not recorded on my 1040 last year. I am going to stab the accountant I had last year in the face over this.

Oh shit...
How much income did you have?

 

[The Ozzman]

Oh shit...
How much income did you have?

Well, I figured out what the problem was, but it was some 30,000 dollars that wasn't recorded. Turns out that I just need the cost basis and that, at this point, the government is still going to owe me money on this shit. I'll probably pay about 1-2 grand along with the penalty at most.

I have a lot of money in investments

 

[Blind Guardian]

^ I´ve experienced similar things but with electric bills,fucking disgraceful is what it is.

 

[waif]

aren't you an electrician?

 

[Blind Guardian]

Yes. But the electric measureroraror(dont know what it´s called in english) showed a kwh number that was very wrong one time and i had to pay since i obviously couldn´t prove that i hadn´t used that much electricity that month. Luckily now all the electric "measurerorarors" in Sweden are getting changed by the power companies so now everyone´ll get a monthly bill instead of a lump figure every forth month.

 

[waif]

I know, just...ironic.

 

[witchhunterni]

And I get paid $60 every week for staying on at high school.

A convenient arrangement I have to say.