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  #16 (permalink)  
Old Tue Feb 22, 2011, 06:47pm
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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!
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  #17 (permalink)  
Old Tue Feb 22, 2011, 10:13pm
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What are taxes?
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  #18 (permalink)  
Old Wed Feb 23, 2011, 07:47am
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Quote:
Originally Posted by grunewar View Post
What are taxes?
It are a small state southeast of Alaska.
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  #19 (permalink)  
Old Wed Feb 23, 2011, 09:12am
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Quote:
Originally Posted by Jurassic Referee View Post
It are a small state southeast of Alaska.
Can Sarah Palin see it from her back porch?
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  #20 (permalink)  
Old Wed Feb 23, 2011, 09:19am
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Quote:
Originally Posted by Snaqwells View Post
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?)
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  #21 (permalink)  
Old Wed Feb 23, 2011, 09:32am
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Quote:
Originally Posted by RichMSN View Post
Can Sarah Palin see it from her back porch?
Billy...I mean Rich...to borrow a line from Snaqs, "No, but Tina Fey can."
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  #22 (permalink)  
Old Wed Feb 23, 2011, 09:39am
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All you guys reporting on either Schedule C or C-EZ?
Last edited by letemplay; Wed Feb 23, 2011 at 09:47am.
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  #23 (permalink)  
Old Wed Feb 23, 2011, 09:39am
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Quote:
Originally Posted by RichMSN View Post
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"
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  #24 (permalink)  
Old Wed Feb 23, 2011, 09:52am
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Quote:
Originally Posted by letemplay View Post
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.
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  #25 (permalink)  
Old Wed Feb 23, 2011, 10:39am
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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.
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  #26 (permalink)  
Old Wed Feb 23, 2011, 11:11am
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Quote:
Originally Posted by letemplay View Post
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.
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  #27 (permalink)  
Old Wed Feb 23, 2011, 11:23am
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Quote:
Originally Posted by bob jenkins View Post
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.
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  #28 (permalink)  
Old Wed Feb 23, 2011, 11:33am
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I r us
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Originally Posted by bob jenkins View Post
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.
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  #29 (permalink)  
Old Wed Feb 23, 2011, 11:40am
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Quote:
Originally Posted by RichMSN View Post
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?
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  #30 (permalink)  
Old Wed Feb 23, 2011, 12:27pm
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Quote:
Originally Posted by RichMSN View Post
Can Sarah Palin see it from her back porch?
No, but Al Gore can.....and he invented it too!
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