Taxes - Page 3

the_woman_99 · 02-19-2008, 11:05 AM

Taxes were a really sore spot for me this year!
Me and SO already did ours. He is getting back more then me but oh well. We both just did our own (okay he did mine

) I am not getting very much back and was really frustrated at first because I needed that money to move but now that it is over there really isn't anything I can really do about it. It sucks but atleast I am getting a little back.

katbuad · 02-19-2008, 11:07 AM

Quote:

Originally Posted by spotty4

Quick steal .....
How does TN generate state income w/ no taxes? Other states (w/ no state income tax) rely on tourism or gambling, for example. What does TN offer? Really high sales tax?

Oh that is an easy one. We have a super high sales tax rate, 9.25%, so the state makes their money on every item purchased at the store.

katbuad · 02-19-2008, 11:08 AM

felly, I just sent you an email to get you started.

spotty4 · 02-19-2008, 11:16 AM

Quote:

Originally Posted by katbuad

Oh that is an easy one. We have a super high sales tax rate, 9.25%, so the state makes their money on every item purchased at the store.

Holy crap!!! That *is* high! And I thought sales tax was high out here in CA! In Monterey its 7.25% in most places. A few pockets have sales tax as high as 7.75% and 8.25%. For once, CA isn't the most expensive.

katbuad · 02-19-2008, 11:45 AM

Spotty4, I just sent you an email too with some tax things to think about.

Yeah, we have a high tax rate. My brother and I learned to tip by doubling the tax and rounding up, now that he has lived in places other than TN, he carries a tipping chart in his wallet cause he can't figure out the apporiate tip!

felly · 02-19-2008, 01:13 PM

Quote:

Originally Posted by katbuad

felly, I just sent you an email to get you started.

i accidentally deleted it! i tried to get it back and can't. do you have it saved in your outgoing mail by chance? i need all the help i can get and it looked like a great e-mail!

*whines*

UKcats06 · 02-19-2008, 06:17 PM

I figure all of the dhs have been instructors at some point, so as "independent contractors" how much did you alll deduct as far as other things you can deduct like gas and driving, things like that. This is the first year as an instructor to be doing taxes, and I really don't want to deduct too much and get in trouble.

katbuad · 02-19-2008, 07:29 PM

UKcats06, I hope you don't mind, but I sent you an email. Flight instructing is a tough tax time. Be sure to visit the irs.gov website for some guidence.

katbuad · 02-19-2008, 07:46 PM

felly, I sent you a summary email. Will see about retrieving the full link version. The links that I included should provide some guidance.

katbuad · 02-19-2008, 07:50 PM

Might want to check out Tax Act File Taxes Online - Do Taxes FREE - File Taxes With TaxACT for a free filing of return. It is really simple to answer questions and it does a lot of the work for you (reminds me a lot of Turbo Tax). I use it on some of the easier returns that I do for friends and family. The least bit complex you have to upgrade to the 9.99 version, but that is still cheaper than Turbo Tax.

02-19-2008, 11:05 AM	#21 (permalink)
the_woman_99 Jetgirls Member Join Date: Aug 2007 Location: PA Posts: 399 Recipes: Thanks: 2 Thanked 3 Times in 3 Posts	Re: Taxes Taxes were a really sore spot for me this year! Me and SO already did ours. He is getting back more then me but oh well. We both just did our own (okay he did mine ) I am not getting very much back and was really frustrated at first because I needed that money to move but now that it is over there really isn't anything I can really do about it. It sucks but atleast I am getting a little back. __________________ Danielle http://danielleandmarshall.blogspot.com/

02-19-2008, 11:08 AM	#23 (permalink)
katbuad Jetgirls Plus Member Join Date: Jul 2007 Location: Nashville, TN USA Posts: 720 Recipes: Thanks: 11 Thanked 13 Times in 13 Posts	Re: Taxes felly, I just sent you an email to get you started.

02-19-2008, 11:45 AM	#25 (permalink)
katbuad Jetgirls Plus Member Join Date: Jul 2007 Location: Nashville, TN USA Posts: 720 Recipes: Thanks: 11 Thanked 13 Times in 13 Posts	Re: Taxes Spotty4, I just sent you an email too with some tax things to think about. Yeah, we have a high tax rate. My brother and I learned to tip by doubling the tax and rounding up, now that he has lived in places other than TN, he carries a tipping chart in his wallet cause he can't figure out the apporiate tip!

02-19-2008, 06:17 PM	#27 (permalink)
UKcats06 Jetgirls Ol' School Member Join Date: Mar 2007 Location: Erlanger, KY Posts: 697 Recipes: Thanks: 2 Thanked 2 Times in 2 Posts	Re: Taxes I figure all of the dhs have been instructors at some point, so as "independent contractors" how much did you alll deduct as far as other things you can deduct like gas and driving, things like that. This is the first year as an instructor to be doing taxes, and I really don't want to deduct too much and get in trouble. __________________ Emily

02-19-2008, 07:29 PM	#28 (permalink)
katbuad Jetgirls Plus Member Join Date: Jul 2007 Location: Nashville, TN USA Posts: 720 Recipes: Thanks: 11 Thanked 13 Times in 13 Posts	Re: Taxes UKcats06, I hope you don't mind, but I sent you an email. Flight instructing is a tough tax time. Be sure to visit the irs.gov website for some guidence.

02-19-2008, 07:46 PM	#29 (permalink)
katbuad Jetgirls Plus Member Join Date: Jul 2007 Location: Nashville, TN USA Posts: 720 Recipes: Thanks: 11 Thanked 13 Times in 13 Posts	Re: Taxes felly, I sent you a summary email. Will see about retrieving the full link version. The links that I included should provide some guidance.

02-19-2008, 07:50 PM	#30 (permalink)
katbuad Jetgirls Plus Member Join Date: Jul 2007 Location: Nashville, TN USA Posts: 720 Recipes: Thanks: 11 Thanked 13 Times in 13 Posts	Re: Taxes Might want to check out Tax Act File Taxes Online - Do Taxes FREE - File Taxes With TaxACT for a free filing of return. It is really simple to answer questions and it does a lot of the work for you (reminds me a lot of Turbo Tax). I use it on some of the easier returns that I do for friends and family. The least bit complex you have to upgrade to the 9.99 version, but that is still cheaper than Turbo Tax.

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