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Personal Finance and Investing

JayhawkSD

(3,163 posts)

8. My sympathy for your loss.

Reply to sinkingfeeling (Original post)

Sat Apr 13, 2019, 01:46 AM

Apr 2019

A group of us were sitting around one day at lunch, and the topic was complaining about income taxes. During a brief pause one of my friends injected that he would love to have our problems. We all looked at him. "Paying income taxes would mean that I had an income," he said. He had been unemployed for more than a year.

"My share of the asset about tripled my income." If somebody gave me a gift equal to two years of my income, I would be very happy to pay income tax on it.

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Just wrote a check to the US Treasury for $xx,xxx.xx. [View all] sinkingfeeling Apr 2019 OP

You paid more taxes than Amazon, Delta Air, Chevron, Netflix and GM, combined htuttle Apr 2019 #1

I hope to write a check for $50 M next year. Hoyt Apr 2019 #2

You can appeal an IRS penalty. brer cat Apr 2019 #3

Thanks. sinkingfeeling Apr 2019 #4

I'd be furious too. progree Apr 2019 #5

This is all very informative. I have a trust BigmanPigman Apr 2019 #6

I'm way out on a limb but here goes progree Apr 2019 #9

Thanks... BigmanPigman Apr 2019 #11

And thank you, and good luck! progree Apr 2019 #12

I found a couple things about IRAs with charities as cobeneficiaries and 5 years... progree Apr 2019 #13

Since I have to pay a lawyer to change anything BigmanPigman Apr 2019 #14

If you withheld an amount equal to or greater than the amount you withheld the year before marylandblue Apr 2019 #7

My sympathy for your loss. JayhawkSD Apr 2019 #8

Regarding the under-withholding penalty bernie59 Apr 2019 #10

Found it. You use form 2210. Since the CPA had copies of my sinkingfeeling Apr 2019 #15

That's great news. You should get a check back - it will take a little while. bernie59 Apr 2019 #16