taxes Archives - Ramblin' with Roger

Taxing day

One of the things that my wife and I did a few years ago that has almost certainly saved our marriage was to get someone else to process our taxes. In the the first few years, we calculated them ourselves and it took FOR-EV-ER. Well at least in my mind. It made me cranky, and my crankiness made HER cranky.

In the years prior to us filing jointly, I had always filed a 1040-A or even a 1040-EZ. No muss, no fuss. There was also no calculating of itemized deduction. Compare this with calculating not only all of our charitable contributions but also using Schedule C to keep track of all of the expenses of the rental units in the two-family dwelling we lived in, and did NOT live in the next few years. My wife figured out most of this latter info, but still, it was torturous.

Worse, almost every year, we made some math error on our state and/or federal taxes and have to do an amended return, generally not in our favor.

Now, you might observe, “Hey, you could have gotten a tax reduction all those years you didn’t itemize from all your contribution to your church and other organizations.” This is no doubt true. Yet, it wasn’t the reason I MADE the donations, so I did not care as much; still don’t, actually. There’s a friend of a friend who does some very good work for the poor and disenfranchised, and his organization deliberately is NOT eligible for a tax deduction. His philosophy is, and I tend to agree with it, that if you want to contribute, you should be doing it from the heart, not just for the write-off.

In the last few years, we have had an accountant do our taxes. We still have to gather the information, but it’s a lot less onerous. Even since we sold the rental property, interestingly corresponding to the arrival of The Daughter, it’s still worthwhile.

So, it was a bit of a shock to the system to get a letter from the IRS last month saying we owe $749 for the 2008 tax year. Seems that the IRS saw the line on The Wife’s W-2 and thought there was $5000 being contributed by her employer for child care. In fact, the $5000 was HER contribution to child care on a flex spending account. However, the accountant did make ANOTHER mistake, so we DO owe some money. But the accountants are paying the penalty and interest. At the end of the day, we’ll have our 2009 return pay for what we owe in 2008.

Still, all of this was MUCH less stressful for me than the DYI model.
ROG

July Ramblin’

There is this guy I see on the bus; saw him yesterday. He is what one would call in the vernacular unbalanced. Sometimes he talks to other people, but usually it’s to himself, running down a bizarre checklist. In my professional building, I saw this woman walking towards me yesterday, also engaged in conversation. Initially, I thought she was talking to me, but then I surmised she was talking on one of those tiny communications devices.
Or was she?
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There were only two TV shows on my summer schedule. No, The Greatest American Dog (or whatever it’s called) is not one of them. The one running currently is the return of The Closer, so recent that when I saw my DVR trecording last night, I didn’t remember why initially.
The other, I’ll admit, was Million Dollar Password, now on hiatus. I loved the show with Allen Ludden, and still like it, but its real flaw is that no one in his or her right mind would ever go for the million dollars. To do that, one would have to have succeeded at the $250,000 level, which no one has done yet, then risk all but $25,000 of that to get five passwords out of five, with no errors, offering no more than three clues each.
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If-Then Contingencies and the Differential Effects of the Availability of an Attractive Alternative on Relationship Maintenance for Men and Women (PDF)
Yes, this is heterocentric, but I SO love the title.
“Temptation may be everywhere, but it’s how the different sexes react to flirtation that determines the effect it will have on their relationships. In a new study, psychologists determined men tend to look at their partners in a more negative light after meeting a single, attractive woman. On the other hand, women are likelier to work to strengthen their current relationships after meeting an available, attractive man.”
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I love adjectival forms of place names. a person from Albania is an Albanian. A person from Albany is also an Albanian. Make of that what you will.
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Another canard foiled:
Evidence Shows That Tax Cuts Lose Revenue from the Center on Budget and Policy Priorities
“The claim that tax cuts ‘pay for themselves’ — i.e., cause so much economic growth that revenues rise faster than they would have without the tax cut — has been made repeatedly in recent years and is one of the many tax policy issues that is likely to receive renewed attention in light of the upcoming election. As explained, this claim is false. The evidence shows clearly that tax cuts lose revenue.”
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Interesting Scientific Experiment
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I’ll probably see The Dark Knight at some point. It’s only playing at least 12 screens in the county. My wife wants to see it, mostly because her high school kids will likely have seen it and she wants to keep up on their influences. Question: Do I need to, or ought I, see Batman Begins before seeing The Dark Knight? Lots of positive reviews, so I’m more interested in the negative ones, such as this one and this one, the latter with 300+ comments, most of them not appreciative of the reviewer’s POV. There’s also this mixed review in Salon; of particular note to me is the first starred comment.
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I saw this a couple months ago: Wedding Album [IMPORT] by Yoko Ono and John Lennon.
I own this on vinyl, that is the first two, album-side-long cuts. #1 is Yoko saying “John!” then John replying “Yoko!” sometimes talking, sometimes yelling, for about 25 minutes. #2 is an interview and is at least interesting.
Add-ons #3, #4 and #5 are B-sides of Instant Karma, Merry Xmas, and Cold Turkey, respectively, performed by Yoko. Heck, why not add Remember Love and Sisters O Sisters, other Lennon B-sides done by Ono?
1. John & Yoko
2. Amsterdam
3. Who Has Seen the Wind? [*] – John Lennon & Yoko Ono, John Lennon & the Plastic Ono Band, Yoko Ono
4. Listen, the Snow Is Falling [*]
5. Don’t Worry, Kyoko (Mummy’s Only Looking for Her Hand in the Snow) [*]
In any case, at $76, no way in heck do I buy this.

ROG

1st and 16th Amendments QUESTIONS

1. There’s been a lot of discussion about the rules of engagement on blogs and whether removing inappropriate comments is censorship. Initially, I think, the rules of engagement should be common decency, and if someone puts something inappropriate on the comments on this blog – and I alone get to decide what that is – then I will. But then , I came across a ning called Stop Cyberbullying, and I recognize cyberbullying can be disruptive in the victims’ lives. So I thought, maybe there SHOULD be some sort of rules of engagement. It may be like the speed limit, where many/most people drive over it, but maybe it’ll keep some people from doing 70 in a 35 m.p.h. zone.
So, do we need rules of engagement in cyberspace? What would it look like? And who gets to enforce them?

2. Paying taxes this weekend. Again. I suppose we could take fewer deductions, but then the government would have my money longer. I’m not always thrilled with the use. I can support a national defense, but not so much lucrative contracts to the Betchtels of the work that take the money and do shoddy or no work. I’m glad my taxes pay for schools, libraries (well, yeah), feeding the poor, clothing the hungry. Not so keen on the government executing people in my name.
So, if one could pick and choose: what taxes would you gladly pay, and which ones make you pause?
(Picture from Narconews.com.)
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And while I’m in the question mode, a couple speculative modes about TV:
1. If Fred D. Thompson actually runs for President, will the networks that carry his various Law & Order shows have to broadcast only those episodes in which he does not appear? Otherwise, won’t his political opponents make a claim for equal time?

2. On last week’s Boston Legal, a very pregnant Denise (Julie Bowen) accepted a wedding proposal from the father of the child, Brad (Mark Valley). But in the preview for the next episode, Shirley (Candice Bergen) seems to suggest that Julie should not marry Brad. Is she saying that this single professional woman go it alone with her baby, a la Murphy Brown (Candice Bergen)?
ROG

My Periodic Need for a Non-Thematic Post, January 2007 Edition

DEAD PEOPLE

I’ve seen saxophonist Michael Brecker playing somewhere. Maybe it was backing Joni Mitchell in Philadelphia in 1981, or maybe on one of his solo jazz excursions. He appears in that “Hot Tub” segment of Saturday Night Live I linked to when James Brown died last month. In any case, you’ve almost certainly have HEARD Michael Brecker, who played with Paul Simon (Still Crazy, among others), Bruce Springsteen (Born to Run), Frank Zappa, and zillions more, including the aforementioned James Brown, and who died of leukemia this week at the age of 57.
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Art Buchwald, whose wonderfully acerbic column I used to read, was probably best known for not dying when everyone, including himself, thought he would. That and the lawsuit over the Eddie Murphy movie Coming to America.
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I would have said something about the passing of film producer Carlo Ponti, except that I might have accidentally revealed my grand crush in high school (and later) of his wife, and it seemed unseemly, so I won’t.

MYTHS
…DEBUNKED

HIV/AIDS attacks

AND NOT A MYTH: (A LITTLE) TAX BREAK

A SPECIAL ONE TIME TAX CREDIT ON YOUR 2006 TAX RETURN

When it comes time to prepare and file your 2006 tax return, make sure you don’t overlook the “federal excise tax refund credit.” You claim the credit on line 71 of your form 1040. A similar line will be available if you file the short form 1040A.

This is about the federal excise tax that’s been charged for long-distance calls on phone bill for years, based on the distance and length of the calls. When phone companies began to offer flat fee phone service, challenges to the excise tax ended up in federal courts. The IRS has now conceded this argument. Phone companies were given notice to stop assessing the federal excise tax as of August 30, 2006.
But the challengers of the old law also demanded restitution. So the IRS has announced that a one-time credit will be available when you file 2006 tax returns. However, the IRS also established limits on how BIG a credit you can get.
If you file your return as a single person with just you as a dependent, you get to claim a $30 credit on line 71 of your 1040.
If you file with a child or a parent as your dependent, you claim $40.
If you file your return as a married couple with no children, you claim $40.
If you file as married with children, you claim $50 if one child, $60 if two or more children.
In all cases, the most you get to claim is $60 – UNLESS you have all your phone bills starting AFTER Feb 28, 2003 through July 31, 2006 – which I certainly don’t – then you can add up the ACTUAL TAX AS IT APPEARS ON YOUR BILLS AND CLAIM THAT FOR A CREDIT. If you do that, you’ll have to file a special form number 8913 and attach it to your tax return. Individuals using the form 1040EZ will have to attach this form 8913 also.

One final point – this credit is a refundable credit. That means you get this money, no matter how your tax return works out. If you would end up owing the IRS a balance, the refund will reduce that balance you owe. If you end up getting a refund, the credit will be added and you get a bigger refund by that $30 to $60, depending on how many dependents are on your return.

WAR AND PEACE

January 27-29 gathering in Washington, DC, “to remind the new Congress that we elected them to end the war in Iraq and to bring the troops home now.”

LIBRARIAN HUMOR, NOT AN OXYMORON

Conan the Librarian
A REAL library’s take on Madonna’s Ray of Light
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A Biblical Understanding of Marriage
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Finally, watch Tom the Dog on 1 Vs. 100 (square 81) AGAIN tonight on NBC, at 8 EST. Carlo Ponti,