Sunday, March 18, 2007

Taxes suck

I have just spent the last two hours or so, reading IRS documents, in an attempt to figure out how I have to file my taxes. Not to mention that I'm missing documents that need to go with my tax return, and that the missing documents are completely not my fault.

So I hereby declare this the official tax venting thread! Vent away people! I can't be the only one who thinks this whole process sucks. =)

23 comments:

spyscribbler said...

Oh! For one year, and one year only, I can gloat. I finished my taxes in January! Yay! It felt SO good.

But for those three days? It totally sucked. Taxes are so unfair.

I vote for demolishing the system and doing the sales tax approach that a few senators proposed a couple years back.

Jenny Rappaport said...

What's the sales tax approach?

~~Olivia said...

Hire an accountant. I have a professional represent my book. You should have a professional prepare your tax returns.

Joshua Minton said...

I believe spyscribbler is referring to The Fair Tax Book written by Neil Boortz and Congressman John Linder. I whole-heartedly support this proposition (which is still on the table) and I also agree that taxes suck to the highest of sucktivity.

Anaea said...

Hear hear!

I would have done my taxes in January, if my company had bothered to send my W-2. After asking for it three times I finally called the IRS to file a formal complaint. That took over an hour by itself. Last minute taxes it is for me.

kiwi said...

olivia's advice is on the money; hire an accountant.

I love tax time as it means a large tax rebate; the beauty of having negatively-geared assets and being able to write the depreciation of these off against personal tax!

JC Madden said...

You know, I do taxes for a living (Payroll taxes, mind you) so it was exceedingly embarrassing when I sent my return to the IRS...without my W-2.

Sigh.

As for the IRS, if you're missing documents you can file with them and give an estimation, I believe.

kiwi said...

Oh and the so called 'sales tax' approach, being fairer? yeah right. In my country it's called GST. It's effectively a user-pays tax. Sounds fair, you consume, you pay. In reality, it reduces the tax burden of the wealthy and increases social polarisation by reducing the redistributive role traditionally afforded the tax system.

It's usually very attractive to those who like to make sense of social inequality without any concept of sociology.

Derek said...

Do you have any online tax applications that you could use to simplify things? In Canada, we have QuickTaxWeb (http://www.quicktaxweb.com), which automates everything, generates the forms for your own records, as well as generates the governmental files that you simply upload via SIN number (I guess that's your SSN?).

I can do all my taxes in an hour, without headaches. You should take a look for one on your side of the border. :)

Kim said...

This is the one time of year when I don't mind being the "oddball" in my family. I'm the writer, the rest are....

accountants!

My brother's a CPA, my mom's been in public accounting for over 20 years and there's even a tax attorney in the fam.

yup - I'm surrounded by nerds.

Jenny Rappaport said...

JC Madden, how does one estimate the value of a free cruise? Because even though I filled out tax forms for them, Carnival still hasn't sent me a 1099-G, and I can't get a hold of ANYONE there.

Gina Black said...

Okay here's my vent: the child tax credit only applies if the child is under seventeen. What's up with that? They're still living at home and dependent. It would make sense if it was *eighteen*...but seventeen year olds eat a LOT I'll tell you. There goes my refund. :(

Chuck said...

isn't just about everything you touch a valid business expense?

Almost as good a deal as a novelist!

Katie said...

I. Hate. Taxes.

I mean, come ON, we just finished our last ones on October 16. Boo! Hiss!

Yasamin said...

the city of glendale took my state tax return to pay for a stupid ticket that i'm still fighting!!! those jerks!!!! >:(

Megan said...

I just queried you. Yay! This is exciting. Of course, my mom sent it for me and bought stamps, and she just had to forget about the SASE I provided. I know that you probably wouldn't bother to send a rejection from someone who forgot an SASE, but it wouldn't put you off of requesting material, right? Would you want a person to resend the query with their SASE actually stamped?

Marva said...

Two words: Tax software. They seem to have all the forms that the IRS is lacking.

I don't like it any better, but I do have all the obscure junk in hand.

Jenny Rappaport said...

Megan, I'll send you a rejection or request, as long as you've provided an e-mail address with the query.

It's just a pain in the neck to do, which is why I (and everyone else I know) highly prefers SASEs. You don't need to resend your SASE to me now though. =)

Ben S. D. said...

It's the 15% self-employment tax I have to suffer through, not to mention the quarterly taxes I have to file. It's not even funny how much you have to make when you're self-employed just to get by. :(

JC Madden said...

Hey Jenny,

Was the cruise a gift or was it a payment of sorts? It really depends. I thought a 1099-G is for government type items? Where I work, we mostly deal with 1099-MISC.

Did they give you a stub? Anything? You can shoot me an email at jmadden@paychex.com and I can answer a few more questions, though I have to admit that most of my information is more 'payroll' oriented than personal tax, but I do have a few handy-dandy tax guides at work. :)

Moochanized said...

I'm a model and a published writer and it is a pain with these taxes.

Jenny Rappaport said...

Apparently, according to Carnival, I do not have to claim my free cruise as its value was under $1200 total. This is why they never sent me a tax form for it.

As for how I got it, I've related the story various places before, but basically, I won it in June 2005. We were on a Carnival cruise, Chris and I, and we bought six raffle tickets for $5. We won the free (3, 4, or 5 day--we chose 5 day) cruise with our last ticket, and had to redeem it within a year. We went on it last March, which is why I was concerned about it for taxes, since it's taxed during the year it's redeemed. =)

Impy said...

*shudders*

This year, I'm going through all the books since we started the company and making them more accountant-friendly. This involves a lot of photocopying receipts and sorting things and very tedious creation of reports that actually make sense to someone who isn't me. It also involves obnoxious reformatting and so forth.

I miss having an intern. :(