Comments on: A Tale of Two Tax Payers http://www.asktaxguys.com/109 making taxes less taxing Tue, 07 Feb 2012 04:11:57 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: SMS http://www.asktaxguys.com/109/comment-page-1#comment-160 SMS Wed, 16 Sep 2009 11:30:20 +0000 http://www.asktaxguys.com/?p=109#comment-160 Found your site through Google and i am glad to see something informative here. Found your site through Google and i am glad to see something informative here.

]]> By: admin http://www.asktaxguys.com/109/comment-page-1#comment-27 admin Mon, 01 Jun 2009 13:04:25 +0000 http://www.asktaxguys.com/?p=109#comment-27 Thanks for the heartfelt comment, Ted. I appreciate your feelings that the $900 to pay a payroll company is a waste. Obviously in your case it is. For the people in the examples I gave, they were paying three times the $900 in penalties and interest. They did not have the discipline that you do. One key point, when a person is behind on taxes, becoming current (paying the current year's taxes has to become first priority. Otherwise, each year they become deeper and deeper in the "tax hole." Thanks for the heartfelt comment, Ted. I appreciate your feelings that the $900 to pay a payroll company is a waste. Obviously in your case it is. For the people in the examples I gave, they were paying three times the $900 in penalties and interest. They did not have the discipline that you do.

One key point, when a person is behind on taxes, becoming current (paying the current year’s taxes has to become first priority. Otherwise, each year they become deeper and deeper in the “tax hole.”

]]> By: Ted Herman http://www.asktaxguys.com/109/comment-page-1#comment-26 Ted Herman Sat, 30 May 2009 17:09:38 +0000 http://www.asktaxguys.com/?p=109#comment-26 Re: your "Tale of Two Tax Payers", the solution of becoming an employee and having someone do the payroll makes no sense. It is a waste of $900. per year. The full 15.3% social security and medicare tax must be paid in both cases and the "employers" share is deductible in both cases. NO GAIN! The only solid solution you gave is the withholding through IRS website. I hope your other tax advice is better. Re: your “Tale of Two Tax Payers”, the solution of becoming an employee and having someone do the payroll makes no sense. It is a waste of $900. per year. The full 15.3% social security and medicare tax must be paid in both cases and the “employers” share is deductible in both cases. NO GAIN!
The only solid solution you gave is the withholding through IRS website. I hope your other tax advice is better.

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