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[23:49]<kjr>thought so
[23:50]<svgvgg_>it is !
[23:50]<svgvgg_>well thats a bit of good news
[23:50]<kjr>my last year of school I earned 10,000 USD heh, so about 5k your way ;)
[23:50]<eg->10k god
[23:50]<txnjzd>steven_: business doing what?
[23:50]<eg->work at a supermarket
[23:50]<eg->you'll earn at least 11k
[23:50]<eg->;p
[23:50]<kjr>zn-: neh, that's what I reported
[23:51]<kjr>so that must be what I earned ;)
[23:51]<eg->report the rest then
[23:51]<svgvgg_>Network mangement and installations specialising in open source solutions where possible
[23:51]<eg->how did you manage not reporting the rest
[23:51]<kjr>zn-: what rest?
[23:51]<svgvgg_>hence the EMS dissertation lol
[23:51]<kjr>I reported 10k, I must have made 10k ;)
[23:51]<eg->how did you manage not reporting the rest
[23:51]<mupmvz>insert cash in pocket, spend on beer
[23:51]<kjr>zn-: you only need to report jobs greater than $600USD per person per year
[23:52]<eg->AHAHAHAHA
[23:52]<eg->you live in the usa?
[23:52]<kjr>zn-: you also sometimes don't work per se, someone just happens to be giving you money for some reason
[23:52]<eg->actually $500 you need to report
[23:52]<kjr>and that person may be shady
[23:52]<kjr>zn-: that's not what the IRS told me
[23:52]<eg->you consult?
[23:52]<kjr>zn-: sure
[23:52]<svgvgg_>Kog, gonna say isn't there some kind of gift tax ?
[23:52]<eg->I earned $512 from google ads last year
[23:52]<eg->had to report it
[23:53]<txnjzd>zn-: url?
[23:53]<eg->although, I expensed 3,000 in hosting fee's
[23:53]<eg->;p
[23:53]<kjr>Theory: haha
[23:53]<kjr>steven_: who's to say I received a gift?
[23:53]<mupmvz>i thought the # was higher than that
[23:53]<svgvgg_>lol fair enough
[23:53]<kjr>zn-: add to that 3,000 the fact that you get a 5000 personal deduction, and a 3200 credit for being your own dependent
[23:53]<eg->I'm not
[23:54]<kjr>zn-: I threw on top of that 8200 another 4000 for tuition deduction ;)
[23:54]<eg->I work a real job, googleads where on my personal site
[23:54]<kjr>zn-: so what'd you file a 1099 on google ads?
[23:54]<eg->those bastards lowered the payout
[23:54]<eg->schedule c
[23:54]<kjr>haha, nice
[23:54]<eg->I had to I had no choice I was told by hr block
[23:54]<eg->but I got 1k back due to 2500 loss
[23:54]<eg->;p
[23:54]<kjr>pfft, cause HR Block knows exactly what they're doing
[23:55]<kjr>no wait, the guy that helped me didn't know shit
[23:55]<eg->nah but they got me another 1k back, and if they fuck up the taxes they are liable for them per their agreement
[23:55]<eg->you can take a loss 3 of 5 years at a given place (eg googleads)
[23:55]<kjr>zn-: you sure that's what the agreement said? I believe that there was optional audit presence, but that wasn't taking on liability
[23:56]<kjr>zn-: did the IRS get mad at you for not filing quarterly estimates on your Google Ads?
[23:56]<eg->I am not a business
[23:56]<eg->businesses need to do that
[23:56]<kjr>don't have to be to be self employed
[23:56]<eg->schedule C consultant I think its filed as or something
[23:57]<kjr>I thought schedule C implied that you were supposed to make quarterly
[23:57]<eg->not that I was informed of
[23:57]<eg->again it was like 512 :)
[23:57]<eg->$
[23:57]<kjr>zn-: man... I got slammed for ~1 grand of back SS tax
[23:57]<eg->file zero
[23:57]<kjr>zn-: I should protest and just not pay for social security... my parents aren't going to get any, and I'm never going to see a damn bit of it
[23:58]<eg->they take everything out extra, then find ways to deduct things and get mroe back
[23:58]<eg->gl with that ;p
[23:58]<kjr>zn-: I was self employed, that's the period I had to pay SS taxes on
[23:58]<eg->yeah you would
[23:58]<kjr>zn-: I could tell you all kinds of fucked up stories about what happened to me when I was working for my previous employers as a contractor
[23:58]<kjr>zn-: but, then you might have to go and off yourself
[23:59]<eg->SS you will never see
[23:59]<eg->retirement will be raised to age 70-75
[23:59]<eg->healthcare will cost so much you'll die not being able to afford it
[23:59]<kjr>zn-: I'm still paying off medical debt...
[23:59]<svgvgg_>when self employed what happend to been able to put so much money back into the business tax free?
[23:59]<kjr>zn-: and that's after the hospital forgave 20,000
[23:59]<svgvgg_>they changed that law while i wasn't looking!

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