
Posted: 3/12/2005 12:28:34 PM EST
SON OF A BITCH...
...and that pretty much sums it up. We were going to owe this year anyway, I knew that walking in. Had not given much thought to my wifes roth IRA. When she left her last job, they automatically disbursed the funds, and then rolled them over into a roth. One small problem....we are taxed on that as earned income...end result...I owe a LOT OF FUCKING MONEY ![]() ![]() ![]() I have one month to come up with several thousand bucks. This sucks. That is all. |
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A free people ought not only to be armed and disciplined, but they should have sufficient arms and ammunition to maintain a status of independence from any who might attempt to abuse them, which would include their own government. -- George Washington
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Sucks don't it
![]() I have to pay in $2,500.00 |
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There are NO bad Gunners............
Only Good Gunners and Dead Gunners! <font size=3>IYAOYAS</font id=s3> |
Regular IRA would have avoided that. That sucks
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Sure would have....live and learn as they say |
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A free people ought not only to be armed and disciplined, but they should have sufficient arms and ammunition to maintain a status of independence from any who might attempt to abuse them, which would include their own government. -- George Washington
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yeah, what are you gonna do about it?
bitch on the intraweb ... woo hoo you'd be better off to keep your mind off of it ... do what you can to make your 1/2 of every year as a slave to massa sam tolerable |
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<IMG SRC=/images/smilies/anim_sniper2.gif border=0 align=middle><img src=/images/smilies/smiley_bandit.gif border=0 align=middle> IRS<img src=/images/smilies/anim_sniper.gif border=0 align=middle>
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Screw Uncle sam, I pay him when I dam well feel like it...
<BR> It's just strange I always feel like paying him the same time of the year ![]() |
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Well, Gentlemen...Welcome to the club!
Try this on for size....Started my own business in 1990. My money, My effort, My risk. Everyone did well, employees and myself. Paid my taxes, paid every government fee that came down the pike. Got an offer on the business in 1998 and accepted it. Paid a Capital Gains Tax of $58,000.00! Try writing that check and not thinking of emasculating the lot of them! |
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I would have moved out of the country before I paid that. |
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Imagine a man when it all began
The pilot of "Enola Gay" Flying out of the shockwave on that August day All the powers that be, and the course of history, Would be changed forevermore... |
This is actually not true; Early Roth IRA withdrawls incur penalties. |
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Not exactly true either. You can withdraw your principle w/o penalty for certain purposes such as buying a home. There are others as well I am too lazy to look up right now. |
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True. The only early withdrawl (I am not counting disability or death as 'early') is for the building/rebuilding/purchase of first house of IRA holder or qualified relative, and there is a lifetime maximum of $10,000. |
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No that's not true either. See what you did. You made me get up off my lazy ass an look it up. 1. Occur because of the IRA owner's disability. (This can be a very narrow definition, so if you get a severe paper cut, don't consider a Roth IRA distribution for a disability until you review IRS Code Section 72(m)(7) and IRS Publication 590.) 2. Occur because of the IRA owner's death. 3. Are a series of "substantially equal periodic payments" made over the life expectancy of the IRA owner. 4. Are used to pay for unreimbursed medical expenses that exceed 7 1/2% of adjusted gross income (AGI). 5. Are used to pay medical insurance premiums after the IRA owner has received unemployment compensation for more than 12 weeks. 6. Are used to pay the costs of a first-time home purchase (subject to a lifetime limit of $10,000). 7. Are used to pay for the qualified expenses of higher education for the IRA owner and/or eligible family members. 8. Are used to pay back taxes because of an Internal Revenue Service levy placed against the IRA. That is all folks. You may return to you slam the IRS fest already in progress. |
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