# Nyspeed Financial Crew **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [September 9, 2008, 8:35am UTC](https://forums.speedlife.net/t/nyspeed-financial-crew/54613 "2008-09-09T08:35:53Z")\ **Posts on this page:** 6\ **Page:** 2
**Author:** ![97FormulaWS-6](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/97formulaws-6/32/7384_2.png) [@97FormulaWS-6](https://forums.speedlife.net/u/97FormulaWS-6)\ **Post date:** [September 9, 2008, 9:44am UTC](https://forums.speedlife.net/t/nyspeed-financial-crew/54613/21 "2008-09-09T09:44:49Z")
Anyone have a recommendation on a good accountant/$$ person to talk with?? I’ve always played it safe with taxes because my $$ situation was always changing, now it’s finally settled down and I want to talk with someone who knows more than I do about it. ---
**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\ **Post date:** [September 9, 2008, 9:46am UTC](https://forums.speedlife.net/t/nyspeed-financial-crew/54613/22 "2008-09-09T09:46:07Z")
> [@walter](#): > > This has nothing to do with “financial crew”. > > Call your tax professional. Vague advice will often be worse than just guessing. fuck you & fuck that. claim 99 FTmfW. :noob: ---
**Author:** ![walter](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/walter/32/7202_2.png) [@walter](https://forums.speedlife.net/u/walter)\ **Post date:** [September 9, 2008, 10:26am UTC](https://forums.speedlife.net/t/nyspeed-financial-crew/54613/23 "2008-09-09T10:26:16Z")
How did I previously miss the last sentence? Are you both listed on both the deed and mortgage? If not, don’t even think about splitting it. The easiest and most logical method would be for you to both do your taxes and figure out the disparity created by the interest, and if you are concerned about paying equal or proportioned amounts, then you would ‘cash each other out’ at filing. IE you may get a $5,000 deduction by virtue of the house in your filing, so you would give her $2,500 to ‘make it even’. In reality, if you are worried about nickel and dimming at this level you shouldn’t be co-owning anything. Quite frankly, if these things weren’t decided for 100% before you decided to go in this direction you deserve to be kicked in the nuts. This is a pretty big detail to be figuring out after closing that “gee, we don’t know how we are going to handle the taxes”. ---
**Author:** ![eclipsed](https://avatars.discourse-cdn.com/v4/letter/e/bbce88/32.png) [@eclipsed](https://forums.speedlife.net/u/eclipsed)\ **Post date:** [September 9, 2008, 11:14am UTC](https://forums.speedlife.net/t/nyspeed-financial-crew/54613/24 "2008-09-09T11:14:34Z")
i guess to answer the original question: 1. no, you cannot file jointly. allocate 1/2 of the interest expense, closing costs, and points to her, and half to you. 2. in order to determine how much you withold, you first need to figure out what your adjusted gross income will be (approximately). you should be able to _ **BALLPARK** _ this number by taking your projected income, less allocated mortgage costs (and others above), less school loan interest costs, less charitable donations. 3. take your adjusted gross income then you should be able to figure out what your effective tax rate will be using the rate tables at [www.irs.gov](http://www.irs.gov) based upon your projected income level. figure out what your effective rate is, and then tell your employer that you want that percentage witheld. because it is mid year, you will probably need to play catchup in order to “true up” your withholding to your actual tax liability. ---
**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\ **Post date:** [September 9, 2008, 11:49am UTC](https://forums.speedlife.net/t/nyspeed-financial-crew/54613/25 "2008-09-09T11:49:27Z")
> [@JustinH](#): > > Uneducated people like the big tax returns. > > You know, the ones with 2-3 kids, who work 10 dollar an hour jobs for their entire life. > > When they get the 5 grand check at the end of the year, they blow it on bullshit, usually something like an 80’s monte carlo. Thank god someone else sees that. I just laugh when people are like “OMG I GOT 6,000 back this year. How sweet.” If you put that extra tax you withhold each month in this case $500 per month and put it into a savings account and dont touch it you will me making about $100 more the first year and almost $300 the next year. If you have to owe at the end of the year, so what. You have $6,000 left in your account which is less than anything you will have to pay unless you completly fuck up your taxes in which case, you should be paying an accountant. Its not hard to find out your tax rate for your income. Plan on that, put an extra amount away each paycheck and you are good to go. This little nest egg is also good incase you face some hard ship like car/house repairs or lose your job. ---
**Author:** ![Viper966](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/viper966/32/7268_2.png) [@Viper966](https://forums.speedlife.net/u/Viper966)\ **Post date:** [September 9, 2008, 12:01pm UTC](https://forums.speedlife.net/t/nyspeed-financial-crew/54613/26 "2008-09-09T12:01:03Z")
> [@walter](#): > > How did I previously miss the last sentence? > > Are you both listed on both the deed and mortgage? If not, don’t even think about splitting it. > > The easiest and most logical method would be for you to both do your taxes and figure out the disparity created by the interest, and if you are concerned about paying equal or proportioned amounts, then you would ‘cash each other out’ at filing. IE you may get a $5,000 deduction by virtue of the house in your filing, so you would give her $2,500 to ‘make it even’. > > In reality, if you are worried about nickel and dimming at this level you shouldn’t be co-owning anything. Quite frankly, if these things weren’t decided for 100% before you decided to go in this direction you deserve to be kicked in the nuts. This is a pretty big detail to be figuring out after closing that “gee, we don’t know how we are going to handle the taxes”. Not worried about the split between both of us from it… just want to make sure we both get what we are entitled to coming back (in total amount, not separated) [Previous page](https://forums.speedlife.net/t/nyspeed-financial-crew/54613.md?page=1)