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Old 07-31-2008, 12:55 PM   #18
BIZMANRACING
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Default Re: Sponcer money..... 1099 ????

O.K. i surrender.

everything you say is correct frank. reading your words hit home pretty hard. "avoid paying taxes on a bonus" the other thing that you said was that if they ask the issuer of the check what it was for, the truth will be known. so unless., i can get him to lie, or modify the truth, i guess i'm asking for trouble.

as for the size of "my stones" i've been here before. back in the day when i got divorced, i was just so dambed depressed i didn't pay taxes for 5 years. try that one on. once i took steps to correct, i got retainer information of 25,000, plus the taxes i would have to pay. i was ready to jump off a building and call it quits. a friend turned me on to an accoulant that i used for years. he got me off paying just a few thousand dollars. biggest load ever to get off my back. for years he made my money disappear. the friend that turned me on to him stopped using him since he was afarid it would come back and bite him. it never did. but, his new accountant the next year, he owed the irs like 15,000. that didn't stop me i countinued to use him. then i got remarried.

now my wife does our taxes, being the daughter of a police officer, i was never going to get away with it again. now i to pay every single year. i made it so i guess i owe it. but, i'm not allone in this boat. i'm 12 years away from early retirement so maybe its time to buy that house in florida, or if i'm still in the car business i'll go back to my beloved south carolina. charleston was a great place to live in the early 80's and they don't sell cars on sunday, or at least they didn't. but, something got to give. i didn't give 20 years of my life defening freedom in the heart of the cold war to get a pension, just to give it all back because i make to much. thats just bull**** in my eyes. or maybe i'm just selfish. in any case i need some tax help here. since when i retire, the governement isn't going to give it back to me.

thanks for letting me use your forum for this, i'm done venting. BACK TO THE DRAWING BOARD
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