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Most users ever online was 51 on Thu Feb 17, 2011 2:04 pm

The Unemployed have been screwed again

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The Unemployed have been screwed again

Post by batazoid on Thu Feb 17, 2011 9:43 am

As PDS Nickles has just posted at the Unemployed Workers Action Group
"I just read this and it really pisses me off!

"But there’s bad news for some taxpayers. For instance, in 2009 unemployed workers could exclude up to $2,400 of unemployment benefits from income; that provision did not get extended for 2010, said Steve Henley, national tax practice leader with CBIZ MHM, in Atlanta.

“For some reason, they decided not to extend that,” he said. “That’s probably a little bit of a surprise for some taxpayers.”
"Isn't that just adding insult to injury??! We're unemployed, barely surviving, and WE get no tax break!
"But the richest 2% get billions in tax breaks!

"This country is so COMPLETELY F'd up, it's just beyond comprehension!
"I think they should change the motto on our currency. Somewhere on there it should say, Take from the poor and needy; Give to the rich and greedy!"

"I haven't done my taxes yet but I have a feeling that I'm going to have to file for an extension of time to pay them. Even if I owe "only" $200-300, I am not going to be able to pay them unless I get a job before April 15th...

Click here for the link

ex animo

batazoid


Last edited by batazoid on Thu Feb 17, 2011 1:08 pm; edited 2 times in total
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Re: The Unemployed have been screwed again

Post by unemployed2long/1208 on Thu Feb 17, 2011 9:49 am

most knew before mid year that that wasn't going to be re extended. but the rel insult is they passed Hugh tax breaks for the rich and middle class in dec but once again told the unemployed get screwed..
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Re: The Unemployed have been screwed again

Post by Guest on Thu Feb 17, 2011 9:56 am

Yea, we knew that. Fortunately for the 99ers, it won't affect us - we didn't make enough to even have to file.

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Re: The Unemployed have been screwed again

Post by stansmad on Thu Feb 17, 2011 10:01 am

We been screwed so much I think we are getting numb to it . For 2009 taxes with the 2,400.00 exemption I was refunded $ 1,100.00 and it seemed like I was rich! This year $350.00. I am grateful, but with the tax breaks given to the rich it makes me wanna puke! I am sick to death of their actions as they seem to grow worse daily. And that would be even more so if the crooked bastards worked like most humans do! Did I hear they have ANOTHER BREAK coming?
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Re: The Unemployed have been screwed again

Post by Jenny on Thu Feb 17, 2011 10:04 am

For those still receiving unemployed benefits, it is really important to check the box to have taxes witheld. I am a seasonal tax preparer & am doing returns for the unemployed who got benefits all year (2010), had no taxes witheld & have to pay the IRS. I understand they needed all the money during the year (who doesn't) but the IRS will charge interest until the owed taxes are paid off, so you end up paying more in the long run.

I know it all sucks.
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Re: The Unemployed have been screwed again

Post by stansmad on Thu Feb 17, 2011 10:04 am

BTW My income was a whopping $ 3,789.00 for the year.
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Re: The Unemployed have been screwed again

Post by TR11005 on Thu Feb 17, 2011 10:05 am

What about all our 401Ks that were taken out. We have to pay tax on our own money that we did not want to take out! Some have to pay penalties.

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Re: The Unemployed have been screwed again

Post by stansmad on Thu Feb 17, 2011 10:08 am

That's what aggravates me about our state (IN.) They do not take taxes out and in 2008 I owed them over $ 400.00. They bled me dry. Just could not plan ahead.
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Re: The Unemployed have been screwed again

Post by stansmad on Thu Feb 17, 2011 10:09 am

That's what aggravates me about our state (IN.) They do not take taxes out and in 2008 I owed them over $ 400.00. They bled me dry. Just could not plan ahead.
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Re: The Unemployed have been screwed again

Post by Jenny on Thu Feb 17, 2011 10:09 am

On the 401Ks withdrawals, if you used it to pay COBRA medical premiums or paid for education for yourself or your children (dependents), the penalty can be waived.
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Re: The Unemployed have been screwed again

Post by unemployed2long/1208 on Thu Feb 17, 2011 10:18 am

DesperateInRI wrote:Yea, we knew that. Fortunately for the 99ers, it won't affect us - we didn't make enough to even have to file.

I owe 1450.. to iRS!! Yes I could have had it taken out, but I needed every dime to make it! So now what! I will have to make payments on installments!
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Re: The Unemployed have been screwed again

Post by unemployed2long/1208 on Thu Feb 17, 2011 10:19 am

Whats a 401K??? I know. Mine got drained t pay for a house that I lost anyway! mistake!!!
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Re: The Unemployed have been screwed again

Post by Guest on Thu Feb 17, 2011 10:27 am

unemployed2long/1208 wrote:
DesperateInRI wrote:Yea, we knew that. Fortunately for the 99ers, it won't affect us - we didn't make enough to even have to file.

I owe 1450.. to iRS!! Yes I could have had it taken out, but I needed every dime to make it! So now what! I will have to make payments on installments!

You can call the IRS and work with them. They will work with you, and actually help. If you owe that amount, I would call them, they just might waive it.

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Re: The Unemployed have been screwed again

Post by Guest on Thu Feb 17, 2011 10:49 am

stansmad wrote:That's what aggravates me about our state (IN.) They do not take taxes out and in 2008 I owed them over $ 400.00. They bled me dry. Just could not plan ahead.

Hi Stansmad...glad to see you here! they dont take taxes out in Mass either, we can opt to have them taken out if we want to. unfortunately, we did not opt to have them taken out...so now we owe

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Re: The Unemployed have been screwed again

Post by stansmad on Thu Feb 17, 2011 11:44 am

Hello sick and tired! I sure wish I had that option and I don't understand why they would not do this .
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Re: The Unemployed have been screwed again

Post by stansmad on Thu Feb 17, 2011 11:46 am

Hello sick and tired! I sure wish I had that option and I don't understand why they would not do this .
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Re: The Unemployed have been screwed again

Post by needajobinky on Thu Feb 17, 2011 11:59 am

I live in ky and owe the state 969.00 dollars and cant pay.....oh well, Guess they'll just have to come and take my stuff...cause I cant pay!!
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Re: The Unemployed have been screwed again

Post by needajobinky on Thu Feb 17, 2011 12:01 pm

Oh, and as of this week I am a 99er. another to the list.....
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Re: The Unemployed have been screwed again

Post by Guest on Thu Feb 17, 2011 12:04 pm

On the other site was a IRS thread on how to go about filing for extensions, and the like. Is that original poster here, and if so, can you re-post this important info?

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Re: The Unemployed have been screwed again

Post by Guest on Thu Feb 17, 2011 12:12 pm

knarf wrote:On the other site was a IRS thread on how to go about filing for extensions, and the like. Is that original poster here, and if so, can you re-post this important info?

All that info was pulled. I will try to find it on the IRS website and post. Great idea, by the way. Without that 2,400 exemption this year, a lot of folks are going to owe money they don't have.

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Re: The Unemployed have been screwed again

Post by TOO OLD TO HIRE IN PA on Thu Feb 17, 2011 12:21 pm

unemployed2long/1208 wrote:most knew before mid year that that wasn't going to be re extended. but the rel insult is they passed Hugh tax breaks for the rich and middle class in dec but once again told the unemployed get screwed..

And they conveniently forget that we DO pay taxes on our benefits, whether at tax time or by the 10% taken out of our weekly benefits. So when the give those average weekly benefits, the figure is much lower due to the taxes we pay.
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Re: The Unemployed have been screwed again

Post by batazoid on Thu Feb 17, 2011 12:27 pm

Be careful about extending your negotiation period with the IRS, your penalties will also continue to increase even while they negotiating with you.

ex animo

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Re: The Unemployed have been screwed again

Post by elvis44102 on Thu Feb 17, 2011 12:40 pm

Every time anyone buys anything it is taxed at the local level (sales tax)

If i sell a car for 1,000 at 6% tax theres 60$, if the new owner sells it theres another 60$ the more turnover on the goods the more the tax.

When talking about taxes and NO taxes they are mostly refering to Federal Tax.
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Re: The Unemployed have been screwed again

Post by Guest on Thu Feb 17, 2011 12:43 pm

batazoid wrote:Be careful about extending your negotiation period with the IRS, your penalties will also continue to increase even while they negotiating with you.

ex animo

davidfarrar

As long as you file your Individual Return on time, with a statement explaining your hardship, and file Form 4868, Application for Extension, also due by April 18, late fees and penalties may be waived.

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Re: The Unemployed have been screwed again

Post by Guest on Thu Feb 17, 2011 12:50 pm

DesperateInRI wrote:
knarf wrote:On the other site was a IRS thread on how to go about filing for extensions, and the like. Is that original poster here, and if so, can you re-post this important info?

All that info was pulled. I will try to find it on the IRS website and post. Great idea, by the way. Without that 2,400 exemption this year, a lot of folks are going to owe money they don't have.

Created! Find it here:

http://dawu.forumotion.com/t281-information-for-filing-extensions-with-the-irs

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