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BillyMac Tue Feb 22, 2011 06:47pm

I Love Lucy ...
 
Freddie Fillmore: What is the name of the animal that fastens itself to you and drains you of your blood?

Lucy: Collector of Internal Revenue!

grunewar Tue Feb 22, 2011 10:13pm

What are taxes? :confused:

Jurassic Referee Wed Feb 23, 2011 07:47am

Quote:

Originally Posted by grunewar (Post 733225)
What are taxes? :confused:

It are a small state southeast of Alaska.

Rich Wed Feb 23, 2011 09:12am

Quote:

Originally Posted by Jurassic Referee (Post 733366)
It are a small state southeast of Alaska.

Can Sarah Palin see it from her back porch?

Rich Wed Feb 23, 2011 09:19am

Quote:

Originally Posted by Snaqwells (Post 733044)
well, bob apparently deducts the costs for his crack and whores.

The phrase is "hookers and blow."

(And there's gotta be some perks to this gig, so why not that?)

Welpe Wed Feb 23, 2011 09:32am

Quote:

Originally Posted by RichMSN (Post 733392)
Can Sarah Palin see it from her back porch?

Billy...I mean Rich...to borrow a line from Snaqs, "No, but Tina Fey can."

letemplay Wed Feb 23, 2011 09:39am

All you guys reporting on either Schedule C or C-EZ?

jTheUmp Wed Feb 23, 2011 09:39am

Quote:

Originally Posted by RichMSN (Post 733395)
The phrase is "hookers and blow."

(And there's gotta be some perks to this gig, so why not that?)

I prefer "crack and hookers" myself.

There's a karaoke band around here that's named "Hookers and Blow"

Rich Wed Feb 23, 2011 09:52am

Quote:

Originally Posted by letemplay (Post 733399)
All you guys reporting on Schedule C or C-EZ?

Depends on your tax situation.

My real answer is that TurboTax decides for me. Looking at my return from this past year, it used C-EZ. It used C in previous years.

The one factor that will make this decision for most officials is that C-EZ is limited to $5000 of deductible expenses. According to my C-EZ, I had exactly that. That wasn't intentional, BTW -- I entered all my expenses separately and apparently that's where it ended up. I bought less in terms of baseball gear and uniforms than I normally do in 2010.

Those who work one sport probably will have trouble exceeding $5000, so (and I am not a tax professional) C-EZ seems to be designed for people like us.

letemplay Wed Feb 23, 2011 10:39am

Yes, C-EZ is most appropriate
 
How many of you also file for self-employment tax? As independent contractors, we're supposed to do that as well.

bob jenkins Wed Feb 23, 2011 11:11am

Quote:

Originally Posted by letemplay (Post 733418)
How many of you also file for self-employment tax? As independent contractors, we're supposed to do that as well.

I would guess that if you fill out Schedule C and don't also complete SE, that it would be a big red-flag to the IRS.

Rich Wed Feb 23, 2011 11:23am

Quote:

Originally Posted by bob jenkins (Post 733432)
I would guess that if you fill out Schedule C and don't also complete SE, that it would be a big red-flag to the IRS.

All transparent to me. TurboTax does it all.

That said, if you have earnings (adjusted for expenses) of less than $400, you're exempt from self-employment taxes. This is one place where those 200 mile round trips to BFE come in handy and the trips to Florida and to Europe to umpire don't hurt, either.

letemplay Wed Feb 23, 2011 11:33am

I r us
 
Quote:

Originally Posted by bob jenkins (Post 733432)
I would guess that if you fill out Schedule C and don't also complete SE, that it would be a big red-flag to the IRS.

I would think so, yes.

mbyron Wed Feb 23, 2011 11:40am

Quote:

Originally Posted by RichMSN (Post 733404)
I bought less in terms of baseball gear and uniforms than I normally do in 2010.

Just curious: how much do you normally buy in 2010? :D

Camron Rust Wed Feb 23, 2011 12:27pm

Quote:

Originally Posted by RichMSN (Post 733392)
Can Sarah Palin see it from her back porch?

No, but Al Gore can.....and he invented it too!


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