Take that back, you should designate estimated tax but that’s the only payment you are making during the year until April 15th and the filing. You don’t have to break down the estimated tax payment, just make the payment. David Love www.davidlovepianos.com From: pianotech-bounces at ptg.org [mailto:pianotech-bounces at ptg.org] On Behalf Of David Love Sent: Sunday, May 30, 2010 6:35 AM To: pianotech at ptg.org Subject: Re: [pianotech] Tax Question maybe OT Your tax burden is a cumulative one and you don't have to designate whether what you send in is SE tax or just general income tax or estimated tax. Just make the payments on time. David Love, www.davidlovepianos.com _____ From: Matthew Todd <toddpianoworks at att.net> Date: Sun, 30 May 2010 06:18:53 -0700 (PDT) To: <pianotech at ptg.org> Subject: Re: [pianotech] Tax Question maybe OT That wasn't my question Wim. I actually do use a tax program. As for using a tax professional with questions......never again will I trust any tax professional! They mess up, it doesn't matter, you are still responsible. That's all I will say about that. I just wanted to know if you send your entire tax payment to the IRS (self employment included), that they take the responsibility of paying into your SS the correct amount. TODD PIANO WORKS Matthew Todd, Piano Technician (979) 248-9578 http://www.toddpianoworks.com <http://www.toddpianoworks.com/> --- On Sun, 5/30/10, tnrwim at aol.com <tnrwim at aol.com> wrote: From: tnrwim at aol.com <tnrwim at aol.com> Subject: Re: [pianotech] Tax Question maybe OT To: pianotech at ptg.org Date: Sunday, May 30, 2010, 7:47 AM And one more thing...and yes, it IS related to piano technology. Do we all send our federal tax and self-employment tax all to the same place on one check?? I have been doing that, but then I got to thinking, what if I haven't been paying in my SS. TODD PIANO WORKS I would suggest you talk to a tax person, not necessarily to do your taxes, but at least have him/her go over your return to make sure you've filled it out right, and make sure you're paying the right amount to the right entity. Or get one of the tax programs that does all the work for you. For what you're paying for one of those programs, they had better tell you who to pay. Wim -----Original Message----- From: Matthew Todd <toddpianoworks at att.net> To: pianotech <pianotech at ptg.org> Sent: Sat, May 29, 2010 5:26 pm Subject: Re: [pianotech] Tax Question maybe OT And one more thing...and yes, it IS related to piano technology. Do we all send our federal tax and self-employment tax all to the same place on one check?? I have been doing that, but then I got to thinking, what if I haven't been paying in my SS. TODD PIANO WORKS Matthew Todd, Piano Technician (979) 248-9578 http://www.toddpianoworks.com <http://www.toddpianoworks.com/> --- On Sat, 5/29/10, Al Guecia/AlliedPianoCraft <AlliedPianoCraft at hotmail.com <http://us.mc838.mail.yahoo.com/mc/compose?to=AlliedPianoCraft@hotmail.com> > wrote: From: Al Guecia/AlliedPianoCraft <AlliedPianoCraft at hotmail.com <http://us.mc838.mail.yahoo.com/mc/compose?to=AlliedPianoCraft@hotmail.com> > Subject: Re: [pianotech] Tax Question maybe OT To: pianotech at ptg.org <http://us.mc838.mail.yahoo.com/mc/compose?to=pianotech@ptg.org> Date: Saturday, May 29, 2010, 6:53 PM Paul Milesi, RPT, J.D. (Juris Doctorem) wrote: "it really comes down to our own integrity and ethics when deciding what’s honest and truthful. As you probably know, some citizen filers, accountants and tax lawyers will “stretch” certain parameters a little more than others" I understand. Like the AGI, Haliburton and Goldman Sachs lawyers do. Oh yes, we can't do any of that. After we pay all the taxes we owe (and I do pay every penny that should be paid), I think I'll set up a fund and contribute to help the big financials pay theirs. That sounds like the right thing to do. I know from all the technicians I talk to, that we are among the most honest group of Americans who do pay their taxes. I think you're preaching to the choir here Paul. Al - High Point, NC From: Paul <http://us.mc838.mail.yahoo.com/mc/compose?to=paul@pmpiano.com> Milesi, RPT Sent: Saturday, May 29, 2010 12:08 PM To: PTG <http://us.mc838.mail.yahoo.com/mc/compose?to=pianotech@ptg.org> Pianotech List Subject: Re: [pianotech] Tax Question Matthew, The IRS may not have spy cams, but our tax laws do require that we file honest and truthful tax returns. Otherwise, you may be accused of fraud. To encourage compliance, the IRS performs various kinds of audits, which sometimes means calling us in to their offices and asking us to justify or prove the deductions we claim on a return. Be prepared to do that to their satisfaction, or have your deduction denied. Lots of times, it really comes down to our own integrity and ethics when deciding what’s honest and truthful. As you probably know, some citizen filers, accountants and tax lawyers will “stretch” certain parameters a little more than others. Determine your own tolerance for risk. :) BTW, I have a law degree from Georgetown, am an inactive member of the Pennsylvania Bar, and have never practiced law. The above is not intended as legal advice or counsel! Paul Milesi, RPT, J.D. (Juris Doctorem) Washington, DC (202) 667-3136 E-mail: paul at pmpiano.com <http://us.mc838.mail.yahoo.com/mc/compose?to=paul@pmpiano.com> Website: http://www.pmpiano.com <http://www.pmpiano.com/> _____ From: Matthew Todd <toddpianoworks at att.net <http://us.mc838.mail.yahoo.com/mc/compose?to=toddpianoworks@att.net> > Reply-To: <pianotech at ptg.org <http://us.mc838.mail.yahoo.com/mc/compose?to=pianotech@ptg.org> > Date: Sat, 29 May 2010 06:37:27 -0700 (PDT) To: <pianotech at ptg.org <http://us.mc838.mail.yahoo.com/mc/compose?to=pianotech@ptg.org> > Subject: Re: [pianotech] Tax Question Wim, You make it sound like the IRS has spy cams installed in our homes watching our every move! TODD PIANO WORKS Matthew Todd, Piano Technician (979) 248-9578 http://www.toddpianoworks.com <http://www.toddpianoworks.com/> <http://www.toddpianoworks.com/> <http://www.toddpianoworks.com/> --- On Fri, 5/28/10, tnrwim at aol.com <http://us.mc838.mail.yahoo.com/mc/compose?to=tnrwim@aol.com> <tnrwim at aol.com <http://us.mc838.mail.yahoo.com/mc/compose?to=tnrwim@aol.com> > wrote: From: tnrwim at aol.com <http://us.mc838.mail.yahoo.com/mc/compose?to=tnrwim@aol.com> <tnrwim at aol.com <http://us.mc838.mail.yahoo.com/mc/compose?to=tnrwim@aol.com> > Subject: Re: [pianotech] Tax Question To: pianotech at ptg.org <http://us.mc838.mail.yahoo.com/mc/compose?to=pianotech@ptg.org> Date: Friday, May 28, 2010, 6:16 PM By watching instructional DVD's :-) If the only thing you use the TV for is to watch those tapes, then, yes, the TV can be taken off as a "tool". But if you use it to watch a ball game, or your favorite soap, then you can only deduct that percentage of time you watch the DVD. Kind of like your car. I figure that 80% of my time I drive my car is for business purposes. The other 20% is for personal use. Wim -----Original Message----- From: Matthew Todd <toddpianoworks at att.net <http://us.mc838.mail.yahoo.com/mc/compose?to=toddpianoworks@att.net> > To: pianotech <pianotech at ptg.org <http://us.mc838.mail.yahoo.com/mc/compose?to=pianotech@ptg.org> > Sent: Fri, May 28, 2010 2:57 am Subject: Re: [pianotech] Tax Question By watching instructional DVD's :-) TODD PIANO WORKS Matthew Todd, Piano Technician (979) 248-9578 http://www.toddpianoworks.com <http://www.toddpianoworks.com/> <http://www.toddpianoworks.com/> <http://www.toddpianoworks.com/> --- On Fri, 5/28/10, Wim Blees <tnrwim at aol.com <http://us.mc838.mail.yahoo.com/mc/compose?to=tnrwim@aol.com> <http://us.mc838.mail.yahoo.com/mc/compose?to=tnrwim@aol.com> <http://us.mc838.mail.yahoo.com/mc/compose?to=tnrwim@aol.com> > wrote: From: Wim Blees <tnrwim at aol.com <http://us.mc838.mail.yahoo.com/mc/compose?to=tnrwim@aol.com> <http://us.mc838.mail.yahoo.com/mc/compose?to=tnrwim@aol.com> <http://us.mc838.mail.yahoo.com/mc/compose?to=tnrwim@aol.com> > Subject: Re: [pianotech] Tax Question To: pianotech at ptg.org <http://us.mc838.mail.yahoo.com/mc/compose?to=pianotech@ptg.org> <http://us.mc838.mail.yahoo.com/mc/compose?to=pianotech@ptg.org> <http://us.mc838.mail.yahoo.com/mc/compose?to=pianotech@ptg.org> Date: Friday, May 28, 2010, 1:18 AM How are you using a tv in your field? Wim Sent from my HTC PURE™, a Windows® phone from AT&T _____ From: Matthew Todd <toddpianoworks at att.net <http://us.mc838.mail.yahoo.com/mc/compose?to=toddpianoworks@att.net> <http://us.mc838.mail.yahoo.com/mc/compose?to=toddpianoworks@att.net> <http://us.mc838.mail.yahoo.com/mc/compose?to=toddpianoworks@att.net> > Sent: Thursday, May 27, 2010 2:33 PM To: pianotech at ptg.org <http://us.mc838.mail.yahoo.com/mc/compose?to=pianotech@ptg.org> <http://us.mc838.mail.yahoo.com/mc/compose?to=pianotech@ptg.org> <http://us.mc838.mail.yahoo.com/mc/compose?to=pianotech@ptg.org> Subject: [pianotech] Tax Question Are we able to deduct TV purchases? As long, of course, I use it solely for purposes related to our field? TODD PIANO WORKS Matthew Todd, Piano Technician (979) 248-9578 http://www.toddpianoworks.com <http://www.toddpianoworks.com/> <http://www.toddpianoworks.com/> <http://www.toddpianoworks.com/> -------------- next part -------------- An HTML attachment was scrubbed... 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