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Tax time is approaching!

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Old 01-06-2005 | 10:43 PM
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Default Tax time is approaching!

Sup guys and gals. Well its just about that time of year again for the dreaded deed of filing taxes. As some of you know, I am a CPA by trade specializing in the tax area when I am not putting down 911 chicken wings at Hooters . I wanted to take this opportunity to offer up my services to anyone in the So Cal area that may be in need of some tax advice. I can help you with the filing of your personal income taxes as well as with any businesses you may also be responsible for filing.

I did returns for a couple members on the boards last year and am looking to do a few more this year. All conversations and work performed are confidential. The 350Z discount will also apply to all work performed My motto is, the more you get back, the more you have for mods!

If you have any questions or would like to get in touch with me, send me a PM, an email (djk487@gmail.com), or hit me up on aim (djk487).



Scott
Old 01-06-2005 | 11:48 PM
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Nice plug My taxes are always tough ......commission, salary, S corp, rent, computers ect.
Old 01-07-2005 | 07:38 AM
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Thumbs up

I highly recommend Scott! He does a through job and tries to get as much as he can back for ya.
Old 01-07-2005 | 07:49 AM
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Originally posted by zman23
I highly recommend Scott! He does a through job and tries to get as much as he can back for ya.
Jon, its impossible for me to get anything back......10-99s kill me, I can only write off so much ya know
Old 01-07-2005 | 08:05 AM
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Originally posted by Risk
Nice plug My taxes are always tough ......commission, salary, S corp, rent, computers ect.
Its no problem. Let me know if I can be of service
Old 01-07-2005 | 06:19 PM
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hey Scott! It's so nice of you to offer your service to the forum members!! Just couldn't get tax out of you, eh! hehehe
Old 01-09-2005 | 09:42 PM
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I always take donations of Mods if any forum members have any. I have to make you aware of the fact that you wont get a writeoff...
Old 02-03-2005 | 10:38 PM
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>>>bump<<<

...for a generous tax guy!
Old 02-04-2005 | 12:00 AM
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Scott _DJK_ got me $2.1K on my federal income tax return last year and boy I enjoyed it.
Old 02-04-2005 | 09:43 AM
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Taxes are not due until August 15th!


can you say EXTENSION?





(however, you must pay all monies due by 4/15)
Old 02-04-2005 | 10:16 PM
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Originally posted by n10zt
Scott _DJK_ got me $2.1K on my federal income tax return last year and boy I enjoyed it.
Haha, let me guess, you are sitting on a motorcycle typing this?

Taxes are not due until August 15th!

can you say EXTENSION?

(however, you must pay all monies due by 4/15)
Actually you can also file a second extension which will extend you until October 15th if you are so inclined! Yes, all tax is due on 4/15 otherwise penalties and interest are assessed.

I have received a few PM's and emails from some of you guys (and girls), but I can definitely take on some more returns.

pm or email me if you are interested or just have a question!
Old 02-05-2005 | 09:53 PM
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PM sent
Old 02-05-2005 | 10:15 PM
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Scott,

Can you answer once or two general questions man. I have an accountig degree, but never practice it.


I have been supporting my in laws this year (living with us). I provide shelter, food, utilities. Total is more than 50% of what they put out (spent).

They are both retired elderly receiving SSA (social security). I am planning to claim them as dependents.

I know the answers to these two question, but I have to ask anyways:

In the tax literature, gross income is almost anything that is not exempt from tax.

Is SSA a tax exempt? I am assuming it is.

Also, the combined SSA monthly is $1100.

Btw, do you all know that you can choose to deduct state income OR sales income!! Sales income can be sales tax you pay for the vehicle last year. Which is more, you should choose the higher.

Thanks in advance.
Tony
Old 02-06-2005 | 01:42 AM
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Originally posted by tractng
Scott,

Can you answer once or two general questions man. I have an accountig degree, but never practice it.


I have been supporting my in laws this year (living with us). I provide shelter, food, utilities. Total is more than 50% of what they put out (spent).

They are both retired elderly receiving SSA (social security). I am planning to claim them as dependents.

I know the answers to these two question, but I have to ask anyways:

In the tax literature, gross income is almost anything that is not exempt from tax.

Is SSA a tax exempt? I am assuming it is.

Also, the combined SSA monthly is $1100.

Btw, do you all know that you can choose to deduct state income OR sales income!! Sales income can be sales tax you pay for the vehicle last year. Which is more, you should choose the higher.

Thanks in advance.
Tony
If the Social security benefits are their only source of income then they will be 100% exempt from tax and wont even need to file a federal tax return. If they have income in addition to the social security, you will need to determine if that income will put them over the filing requirement threshold which is $9700 for a married filing joint couple (would be even higher if they are over 65 and u didnt claim them) There is a worksheet that may help you out on the govt's website, go to:

http://www.irs.gov/pub/irs-pdf/i1040a.pdf

Go to the social security benefits worksheet on page 27.

Yes its true that in 2004, if you file a schedule A (itemized deductions), you may choose to deduct the higher of your California income tax paid OR your sales tax paid. Generally speaking, this new change in the law does not really affect California residents since the income tax rates are higher than sales tax rates (CA income tax rates reach 9.3% very quickly vs 7.75-8.25% for sales tax) It is true though in some cases, your sales tax will be higher than your income tax (for instance if you have a big ticket purchase like a vehicle).
Old 02-06-2005 | 03:06 PM
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Scott,

Both of my parent in laws are 72 & 76, so I can claim them with the three test past?

I have heard that if I claim them, the Social Security Department can reduce their monthly payment as much as $40 bucks per person. Do you know that is true?

Btw, when I say i supported them this year, i meant to say last year.




Thanks man.

Tony
Old 02-06-2005 | 08:41 PM
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Originally posted by tractng
Scott,

Both of my parent in laws are 72 & 76, so I can claim them with the three test past?

I have heard that if I claim them, the Social Security Department can reduce their monthly payment as much as $40 bucks per person. Do you know that is true?

Btw, when I say i supported them this year, i meant to say last year.




Thanks man.

Tony
sent you a pm
Old 02-06-2005 | 11:50 PM
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dayam read this thread too late... just efiled couple of days ago... taxcut 04 user :P
Old 02-07-2005 | 04:55 PM
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Originally posted by desiZ
dayam read this thread too late... just efiled couple of days ago... taxcut 04 user :P
Did the same thing. Can't complain though since I managed to get myself enough back to get me some new rims! Just hope I don't get audited.
Old 02-11-2005 | 01:17 AM
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I have major excess capacity to take on additional returns! PM me if interested!
Old 02-11-2005 | 02:22 PM
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pm sent!



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