# i think im getting bent over...tax question **URL:** \ **Category:** PittSpeed Off Topic\ **Created:** [January 13, 2007, 2:19pm UTC](https://forums.speedlife.net/t/i-think-im-getting-bent-over-tax-question/187401 "2007-01-13T14:19:59Z")\ **Posts on this page:** 18\ **Page:** 1
**Author:** ![imported\_SINISTER](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/imported_sinister/32/5970_2.png) [@imported\_SINISTER](https://forums.speedlife.net/u/imported_SINISTER)\ **Post date:** [January 13, 2007, 2:19pm UTC](https://forums.speedlife.net/t/i-think-im-getting-bent-over-tax-question/187401/1 "2007-01-13T14:19:59Z")
my wife has her own bussiness and he account wich i pretty much just canned… was saying that she should be paying at a 30% tax bracket… i looked up the tabels for 2006 and %33 is like an income of 336,000 ill be happy to pay what she is asking us to pay for the quater if i made 336,000 id also have a 2007 corvette z06 in my garage… need some help anyone good at filing taxes…or know someone that is… ---
**Author:** ![tom\_vito](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/tom_vito/32/6000_2.png) [@tom\_vito](https://forums.speedlife.net/u/tom_vito)\ **Post date:** [January 13, 2007, 3:14pm UTC](https://forums.speedlife.net/t/i-think-im-getting-bent-over-tax-question/187401/2 "2007-01-13T15:14:04Z")
> [@LLOYYYYYYYYYYYYYYYYYD!](https://forums.speedlife.net/t/lloyyyyyyyyyyyyyyyyyd/27250/6): > > my wife has her own bussiness and he account wich i pretty much just canned… > > was saying that she should be paying at a 30% tax bracket… > > i looked up the tabels for 2006 and %33 is like an income of 336,000 > > ill be happy to pay what she is asking us to pay for the quater if i made 336,000 > > id also have a 2007 corvette z06 in my garage… > > need some help anyone good at filing taxes…or know someone that is… I dont know you, but I doubt that you would be happy paying $111,000 in taxes. 30% is 30% no matter how you cut, or how much you make. With that said, I would say spend the $50.00 for turbo-tax, and work it out yourself, if at that time you don’t feel you can do it. Right the price of turbo-tax off as tax prep. this would be a full right off. Good luck… ---
**Author:** ![wrayzor](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/wrayzor/32/6021_2.png) [@wrayzor](https://forums.speedlife.net/u/wrayzor)\ **Post date:** [January 13, 2007, 4:08pm UTC](https://forums.speedlife.net/t/i-think-im-getting-bent-over-tax-question/187401/3 "2007-01-13T16:08:45Z")
dont you have someone on base that will do it for you for free? I know we have someone that does that crap. And even if you did have a '07 z06 in your garage thats the only place it would ever be becuz you wouldnt fit in it 🌑 ---
**Author:** ![Jenn](https://avatars.discourse-cdn.com/v4/letter/j/ba9def/32.png) [@Jenn](https://forums.speedlife.net/u/Jenn)\ **Post date:** [January 13, 2007, 4:21pm UTC](https://forums.speedlife.net/t/i-think-im-getting-bent-over-tax-question/187401/4 "2007-01-13T16:21:20Z")
I have no idea how to do my taxes. Luckily for me my grandparents are retired accountants. I just send out the W2 and they send me lots of papers with little red Xs and preaddressed envelopes back. Including notes of how much to put in every envelope. 🙂 but 33% is a lot… I think? Grandma FTW. ---
**Author:** ![imported\_SINISTER](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/imported_sinister/32/5970_2.png) [@imported\_SINISTER](https://forums.speedlife.net/u/imported_SINISTER)\ **Post date:** [January 13, 2007, 4:36pm UTC](https://forums.speedlife.net/t/i-think-im-getting-bent-over-tax-question/187401/5 "2007-01-13T16:36:43Z")
> [@what to do in the Buff](https://forums.speedlife.net/t/what-to-do-in-the-buff/27253/14): > > dont you have someone on base that will do it for you for free? I know we have someone that does that crap. And even if you did have a '07 z06 in your garage thats the only place it would ever be becuz you wouldnt fit in it 🌑 they only do my taxes…this her bussiness tax have u know bitch I fit nicly in the new corvette just may of went and sat in a few ---
**Author:** ![flyinglow57](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/flyinglow57/32/5978_2.png) [@flyinglow57](https://forums.speedlife.net/u/flyinglow57)\ **Post date:** [January 13, 2007, 6:45pm UTC](https://forums.speedlife.net/t/i-think-im-getting-bent-over-tax-question/187401/6 "2007-01-13T18:45:46Z")
wow i officially think u suck more spangler then brian at spelling… slow it down a lil and try to get letters where they are suppose to be… owning your own buss. is alot more difficult then just gettin paid… id go to another accountant and ask them… the guy that usually did mine had a horrible fall two years ago so im screwed… he is still in the hospital. so i cant even ask him ---
**Author:** ![wrayzor](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/wrayzor/32/6021_2.png) [@wrayzor](https://forums.speedlife.net/u/wrayzor)\ **Post date:** [January 14, 2007, 6:18am UTC](https://forums.speedlife.net/t/i-think-im-getting-bent-over-tax-question/187401/7 "2007-01-14T06:18:06Z")
when you own your own business dont you have to pay taxes like twice, so to speak. I remember learning in a highschool accounting class that business’s have to pay just as much taxes as you do on top of what you pay. And if you own your own business you have to pick up the tab for both of those since you are the employee and the owner at the same time??? ---
**Author:** ![tom\_vito](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/tom_vito/32/6000_2.png) [@tom\_vito](https://forums.speedlife.net/u/tom_vito)\ **Post date:** [January 14, 2007, 12:55pm UTC](https://forums.speedlife.net/t/i-think-im-getting-bent-over-tax-question/187401/8 "2007-01-14T12:55:37Z")
> [@what to do in the Buff](https://forums.speedlife.net/t/what-to-do-in-the-buff/27253/15): > > when you own your own business dont you have to pay taxes like twice, so to speak. I remember learning in a highschool accounting class that business’s have to pay just as much taxes as you do on top of what you pay. And if you own your own business you have to pick up the tab for both of those since you are the employee and the owner at the same time??? 😕 speaking as someone who has had their own bussines, I dont recall paying the same tax twice. I thought under US law it was illegal to double tax the same money… ---
**Author:** ![slowcamaro](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/slowcamaro/32/5975_2.png) [@slowcamaro](https://forums.speedlife.net/u/slowcamaro)\ **Post date:** [January 14, 2007, 1:02pm UTC](https://forums.speedlife.net/t/i-think-im-getting-bent-over-tax-question/187401/9 "2007-01-14T13:02:05Z")
> [@FS: VIS spoon c/f lip](https://forums.speedlife.net/t/fs-vis-spoon-c-f-lip/27238/12): > > 😕 > > speaking as someone who has had their own bussines, I dont recall paying the same tax twice. I thought under US law it was illegal to double tax the same money… i think what he is trying to say is that some people pay there taxes quarterly so they don’t have to pay that much at the end of the year ---
**Author:** ![jinxxycat](https://avatars.discourse-cdn.com/v4/letter/j/71c47a/32.png) [@jinxxycat](https://forums.speedlife.net/u/jinxxycat)\ **Post date:** [January 14, 2007, 1:23pm UTC](https://forums.speedlife.net/t/i-think-im-getting-bent-over-tax-question/187401/10 "2007-01-14T13:23:21Z")
We run our own business but we have accountants. They find more loopholes etc than we would EVER find. My advice would be to get a second opinion from a different accountant. Do you have employees? Are you paying your taxes quarterly or yearly? Having someone who understands the law and what you can and cannot claim as write offs is well worth it. Our accountant is VERY good. I don’t know if they are taking new clients right now but I’ll pm you the info. ---
**Author:** ![German\_with\_a\_Bowtie](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/german_with_a_bowtie/32/5967_2.png) [@German\_with\_a\_Bowtie](https://forums.speedlife.net/u/German_with_a_Bowtie)\ **Post date:** [January 14, 2007, 1:58pm UTC](https://forums.speedlife.net/t/i-think-im-getting-bent-over-tax-question/187401/11 "2007-01-14T13:58:00Z")
> [@This is why i hate cobalt ss drivers](https://forums.speedlife.net/t/this-is-why-i-hate-cobalt-ss-drivers/27102/69): > > … id go to another accountant and ask them… > [@what to do in the Buff](https://forums.speedlife.net/t/what-to-do-in-the-buff/27253/12): > > I would say spend the $50.00 for turbo-tax, and work it out yourself, if at that time you don’t feel you can do it. Right the price of turbo-tax off as tax prep. this would be a full right off. Turbo Tax + second accountant = FTW For myself . . .Rental income, upkeep, improvements, depriciation, child support and income…I paid a pro the first time a few years back, now I do my own with some help from turbo tax and J.K. Lasser’s ---
**Author:** ![imported\_SINISTER](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/imported_sinister/32/5970_2.png) [@imported\_SINISTER](https://forums.speedlife.net/u/imported_SINISTER)\ **Post date:** [January 14, 2007, 8:34pm UTC](https://forums.speedlife.net/t/i-think-im-getting-bent-over-tax-question/187401/12 "2007-01-14T20:34:08Z")
> [@OFFICIAL Buffalo Sabres Thread](https://forums.speedlife.net/t/official-buffalo-sabres-thread/25170/3929): > > i think what he is trying to say is that some people pay there taxes quarterly so they don’t have to pay that much at the end of the year we pay her bussiness quaterly this is the quater we are trying to pay the account was taking what i make from the govt which allready has taxes taken out adding it to her income…and then takeing the gross and figureing out what she would have to pay for the quater… one mine is allready taxed… my income has nothing to do with her business tax and what she would owe… married filing seperatily and the acount was putting her in a tax bracket of %30 which if you look it up we would have to make a combined of 330,000 now we do pretty damn good for ourselves but not that… we figured it out and would of over paid almost 900… we are going to another accountant and double checking our numbers… ---
**Author:** ![newchic](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/newchic/32/5989_2.png) [@newchic](https://forums.speedlife.net/u/newchic)\ **Post date:** [January 15, 2007, 8:38am UTC](https://forums.speedlife.net/t/i-think-im-getting-bent-over-tax-question/187401/13 "2007-01-15T08:38:37Z")
[taxact.com](http://taxact.com) - download It’s cheaper and is a nice system. You can try it on your own with Tax Act software and see where it lands in comaprison to the accountant. I use Taxact every year. It’s easy. ---
**Author:** ![German\_with\_a\_Bowtie](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/german_with_a_bowtie/32/5967_2.png) [@German\_with\_a\_Bowtie](https://forums.speedlife.net/u/German_with_a_Bowtie)\ **Post date:** [January 15, 2007, 9:49am UTC](https://forums.speedlife.net/t/i-think-im-getting-bent-over-tax-question/187401/14 "2007-01-15T09:49:54Z")
> [@Sabres @ Islanders - \*tentativeley 4/16 and 4/18\*](https://forums.speedlife.net/t/sabres-islanders-tentativeley-4-16-and-4-18/27288/5): > > [taxact.com](http://taxact.com) - download > > I use Taxact every year. It’s easy **(like Eurodad)**. Any subscription/download fee? ---
**Author:** ![Storamin](https://avatars.discourse-cdn.com/v4/letter/s/9fc348/32.png) [@Storamin](https://forums.speedlife.net/u/Storamin)\ **Post date:** [January 15, 2007, 10:20am UTC](https://forums.speedlife.net/t/i-think-im-getting-bent-over-tax-question/187401/15 "2007-01-15T10:20:51Z")
> [@what to do in the Buff](https://forums.speedlife.net/t/what-to-do-in-the-buff/27253/15): > > when you own your own business dont you have to pay taxes like twice, so to speak. I remember learning in a highschool accounting class that business’s have to pay just as much taxes as you do on top of what you pay. And if you own your own business you have to pick up the tab for both of those since you are the employee and the owner at the same time??? that’s what happens with a corporation and paying out dividends. the income is taxed when the corporation reports their net income, and then the dividends are taxed when the person who receives the dividends files their taxes. a sole propreitorship is different. ---
**Author:** ![newchic](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/newchic/32/5989_2.png) [@newchic](https://forums.speedlife.net/u/newchic)\ **Post date:** [January 15, 2007, 10:24am UTC](https://forums.speedlife.net/t/i-think-im-getting-bent-over-tax-question/187401/16 "2007-01-15T10:24:52Z")
> [@FS: 1998 Chrysler Intrepid ES](https://forums.speedlife.net/t/fs-1998-chrysler-intrepid-es/26686/10): > > Any subscription/download fee? I believe it is 9.95 for federal and 4.95 for state It is cheaper than Turbo tax ---
**Author:** ![imported\_SINISTER](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/imported_sinister/32/5970_2.png) [@imported\_SINISTER](https://forums.speedlife.net/u/imported_SINISTER)\ **Post date:** [January 16, 2007, 5:47am UTC](https://forums.speedlife.net/t/i-think-im-getting-bent-over-tax-question/187401/17 "2007-01-16T05:47:57Z")
yeah we where getting bent over went to new account and saved 1350 :doh: ---
**Author:** ![tom\_vito](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/tom_vito/32/6000_2.png) [@tom\_vito](https://forums.speedlife.net/u/tom_vito)\ **Post date:** [January 16, 2007, 1:34pm UTC](https://forums.speedlife.net/t/i-think-im-getting-bent-over-tax-question/187401/18 "2007-01-16T13:34:03Z")
> [@Uh..](https://forums.speedlife.net/t/uh/27311/8): > > yeah we where getting bent over > > went to new account and saved > > 1350 > > :doh: lovely, isn’t it great not knowing, but yet you know you know something isn’t right?