Please Scroll Down to See Forums Below i have a couple of clients here (they get billed)...and i do a little consultation without billing (answer a couple of questions here and there) but, like you, i gotta
do you take karmaz for payment?
**Official Pot Foggers Tax Return Thread** (aka mrplunkey tribute)
- Thread starter Lestat
- Start date
do you take karmaz for payment?
digimon7068
New member
no...but, i'll take that kick-ass s-10, though!!
wow man! Thanks, I will definitely reach out to you if I have questions.there's nothing wrong with your return perse, it's the lack of other sources of income that i find kind of unusual, considering your level of work-related income...but, it sounds like you have that covered too so, good for you! i'd be interested in where you are squirreling money away (other than retirement assets) where it's growing in value, yet not generating any taxable income? i mean, even if it's tax-free muni's it would still be generating tax-free income that should be reported on Form 1040, line 8b.
and, your tax returns IS simple and there's no reason in the world why you shouldn't do it yourself, if you are so inclined.
by the way, i'm a certified public accountant, i have a masters degree in taxation and i'm also certified in business valuation, forensic accounting and litigation support (if you ever have any questions)...oh and, i have a number of california clients, so i'm familiar with cali tax statutes
I put a large portion of my money into 401k. Both pretax, and aftertax Roth options. I put money into an IRA. I put money into two different savings accounts (one high yield). I put money into stocks/securities but I don't sell/trade often at all so no capital gains from them in 2010.
I also have a considerable amount of cash tied up in real estate redevelopment projects. None of them completed in 2010 so I didn't have any taxable income from them, but this year I will have 1099 income as a result of these. The investment instrument is a real estate loan through an LLC. I will make 100K or so from these investments in 2011 if all goes according to plan, and right now it is.
I do not own my own home. I get some dividend income from securities I own but not much.
digimon7068
New member
growth stocks (i.e., traditionally non-dividend paying) mostly, i assume? good for you on the other stuff...sounds like you have a fairly diverse approach to growing your money...real estate is always good, if you know what you're doing...and, with regard to the income that it will generate in 2011, if it will be from sales of the redeveloped property AND you would still like to keep some (or all) of the ultimate proceeds in real estate, you might want to consider identifying new property that you can buy with the proceeds...that way you can elect to treat the sale and repurchase as a like-kind exchange and defer recognition of the gain (and of course not pay any taxes) on the sale, capiche??
mrplunkey
New member
digimon7068
New member
I thought Lestat liked paying taxes.
no one likes paying taxes...and liberals are the worst!
yep, sure am.
I manage a moderate sized team of Business Intelligence developers now. I've got people in India as well as here locally. Been working here 13 years now so I've got some tenure and am more involved in management than development, although I consider myself a development manager. I've got a good base salary, nice semi annual bonus, and other equity compensation as well.
As far as resume goes, I graduated with a B.S. in Psychology in 2000 (I started out as a computer science major with a scholarship but failed a physics course and lost it so I had to switch horses fast to something I knew I could get out of alive and with decent grades. I still took a ton of CS courses and was well versed in C++ and JAVA Object Oriented Programming). I then immediately started a Masters program in Telecommunications that I finished in 2002. I started working in 1999 while still in school, it was a very full plate, but you'll see I joined EF in 2002 because I all of a sudden had some free time on my hands.
If you ask what my biggest assets are though, its really the soft skills. I can manage all types of people, young, old, passive, assertive, good english speakers or not, men, women, etc. I am good at cutting through the bullshit and boiling a project down to the must-have's and not get caught up in nonsense pie in the sky stuff. I've promoted a lot here because I am seen as someone who can be given a project and will get it done on time, within budget, with a quality deliverable.
I thought about striking out on my own last year more than I have any other year. I could work as a consultant for a $200+ hour rate and only have to work half the year, but I enjoy a lot of the corporate stability and perks here. Health care, various benefits, etc. I also have a couple hundred thousand in stock options and RSUs that have yet to vest.
I hope to not have to work my entire life. I am saving now more than anything. My car is the same one I bought in 1999. I still rent for $1000 a month (but on the beach). I spend a decent sum on going to concerts and domestic travel associated with it, but I don't need possessions to validate my status. I take pride in being frugal and saving money wherever I can.
why's that?
Similar threads
