Article View: misc.taxes
Article #1758Re: Warning: California penalizes you 25% for not filing even if
From: Vickie Seley
Date: Thu, 01 Mar 2007 07:39
Date: Thu, 01 Mar 2007 07:39
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3290 bytes
On Wed, 28 Feb 2007 18:07:03 GMT, Deadrat wrote: >> Do you also believe everything you read? > No, not everything. I certainly believe that taxing authorities can make > you miserable if you don't follow their rules. I'll bet you believe > along with me now. I do believe that California and the IRS can make your life unbelievably hard as I've seen with my own eyes their idea of calculating your tax for you. I was amazed at what they considered my income (e.g., assuming all my short sales were covered at zero dollars per share)! :) They certainly know how to get your attention. It was kind of fun to see what they considered income. Luckily I wasn't worried a bit because the federal government charges you not if you've already paid them on time what you owed. They just give you the refund, and, in my case, with interest due to a quirk in the law. That interest was a great rate in the days when interest rates were low! Too bad it was taxable! There's no bigger threat to my financial security than taxes but the government does give me a good laugh now and then (like when they calculate my assumed taxes). It's not for me I post. I just want to warn others not to make the same mistakes in California. (All other states don't have to worry.) Thanks in advance for any help, Vicki
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X-Google-Thread: fd1f1,c8e5db1c3dde143f X-Google-Thread: 1038e3,d3f4bde7cf2faf71 X-Google-Thread: 104eff,102780b46cb1ed0f X-Google-Attributes: gidfd1f1,gid1038e3,gid104eff,public X-Google-Language: ENGLISH,ASCII-7-bit Path: arc1-ca.pugleaf.net!g2news2.google.com!news2.google.com!news4.google.com!border1.nntp.dca.giganews.com!nntp.giganews.com!newscon02.news.prodigy.net!prodigy.net!newsdst01.news.prodigy.net!prodigy.com!postmaster.news.prodigy.com!newssvr25.news.prodigy.net.POSTED!689056ff!not-for-mail From: Vickie Seley <seleys@verizon.net> Subject: Re: Warning: California penalizes you 25% for not filing even if Newsgroups: misc.taxes,misc.legal,ca.politics User-Agent: 40tude_Dialog/2.0.15.1 MIME-Version: 1.0 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit References: <176nfl3obgkom$.1gva9i1mi7u07.dlg@40tude.net> <54fu4jF1vt8ltU1@mid.individual.net> <1j4q2rwyrmfc8$.bl84s6fb8mih.dlg@40tude.net> <1172515773.808818.55070@s48g2000cws.googlegroups.com> <n1pzmxgvf60l.59sed7evek9v$.dlg@40tude.net> <940977dcda3e1d873adba924b848c637@localhost.talkabouttaxes.com> <GmIEh.2160$BE2.302@newssvr27.news.prodigy.net> <1oy07a0b2iec$.1p92235fwx848.dlg@40tude.net> <o2TEh.3400$Tg7.2983@trnddc03> <ssgmlv0scgye$.1njgfaiwv623j.dlg@40tude.net> <BsZEh.1896$N63.647@trnddc08> <h46y7qxh9ghq.160xpn0trh0v5$.dlg@40tude.net> <bxjFh.2563$M65.892@newssvr21.news.prodigy.net> Message-ID: <3l9ffnvwhp9e$.1a8d4xk4f8ond$.dlg@40tude.net> Lines: 29 NNTP-Posting-Host: 69.110.29.8 X-Complaints-To: abuse@prodigy.net X-Trace: newssvr25.news.prodigy.net 1172734787 ST000 69.110.29.8 (Thu, 01 Mar 2007 02:39:47 EST) NNTP-Posting-Date: Thu, 01 Mar 2007 02:39:47 EST Organization: SBC http://yahoo.sbc.com X-UserInfo1: O@ZABT[DFJTUCFD[LZKJOPHAWB\^PBQLGPQRZQMIWIWTEPIB_NVUAH_[BL[\IRKIANGGJBFNJF_DOLSCENSY^U@FRFUEXR@KFXYDBPWBCDQJA@X_DCBHXR[C@\EOKCJLED_SZ@RMWYXYWE_P@\\GOIW^@SYFFSWHFIXMADO@^[ADPRPETLBJ]RDGENSKQQZN Date: Thu, 01 Mar 2007 07:39:47 GMT