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#11
10-12-2005, 11:15 PM
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Re: I need a plan to avoid paying taxes in full.
[ QUOTE ]
I guess I should add that I'm looking for a legal way to do it [img]/images/graemlins/smile.gif[/img] Does buying a house get you tax breaks or am I way off here? [/ QUOTE ] Yes, because your first mortgage payments will be paying off mostly interest and very little principle, these interest payments incite tax breaks, i'm not sure if they're deductions or exemptions or what, but i know that you will recieve some sort of break. Also, i don't know how this relates to poker income, you really need to talk to a personal tax advisor type person, maybe's there's even someone on oot that does that 
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#12
10-12-2005, 11:29 PM
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Re: I need a plan to avoid paying taxes in full.
For a few BBs you could get quality advice from a certified tax professional. That seems like the best way to go.
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#13
10-13-2005, 01:51 AM
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Re: I need a plan to avoid paying taxes in full.
have you been making estimated payments?
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#14
10-13-2005, 02:16 AM
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Re: I need a plan to avoid paying taxes in full.
I'm kinda suprised this thread isn't filled with psychos telling you that your a traitor to your country like they did to KKF in his taxes thread.
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#15
10-13-2005, 02:26 AM
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Re: I need a plan to avoid paying taxes in full.
Buying a home this year won't really get you a tax break this year. And only then if you take out a mortgage.
Probably the best tax break left to you for this year would be to fund some retirement accounts. There are some pretty big breaks possible here if you're self-employed. Of course, there are tax credits you can buy, but I don't think those apply at the federal level. Might be worth it for your state. Like several others said, check with a tax adviser. It'll be well worth it.
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#16
10-13-2005, 02:28 AM
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Re: I need a plan to avoid paying taxes in full.
Heh, discussing tax fraud in a public forum [img]/images/graemlins/laugh.gif[/img]
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#17
10-13-2005, 06:36 AM
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Re: I need a plan to avoid paying taxes in full.
[ QUOTE ]
have you been making estimated payments? [/ QUOTE ] no, don't you have to base them on last year or something? I wasn't really making anything last year.
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#18
10-13-2005, 08:02 AM
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Re: I need a plan to avoid paying taxes in full.
[ QUOTE ]
Heh, discussing tax fraud in a public forum [img]/images/graemlins/laugh.gif[/img] [/ QUOTE ] heh, piss poor reading comprehension. he said he is looking for a legal way to pay less taxes.
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#19
10-13-2005, 08:04 AM
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Re: I need a plan to avoid paying taxes in full.
[ QUOTE ]
then one of the tickets has a footprint on it. [/ QUOTE ] ? What kind of footprint could these tickets have? They don't take your name when you bet horses or buy lottery tickets.
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#20
10-13-2005, 08:06 AM
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Re: I need a plan to avoid paying taxes in full.
[ QUOTE ]
I'm kinda suprised this thread isn't filled with psychos telling you that your a traitor to your country like they did to KKF in his taxes thread. [/ QUOTE ] Me too. Bad thing is I bet 90% of them have some way to pay less taxes then they are supposed too. Just about everyone in the world does.
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