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Tax Experts come here... important question.. need your guidance...


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Posted

ee sari tax returns lo nenu oka $2000 kattalsostundi (fed & state kalipi) is there any way that I can reduce the amount.

or if I have to pay that.. can I ask for a payment plan? IRS payment plans isthada?? process enti? emaina penalties untaya payment plan teeskuntey?

what would you recommend ..?? paying istantly or going with payment plan (if one exists) ??

 

thanks guys


@k2s @Quickgun_murugan @Spartan @mustang302 @raj_523

Posted

nevu jimmik lu chethse future  inka pedda problem ayidi?

Nevu upfron tax kattaleda or any other income you got ?

Posted
3 minutes ago, former said:

nevu jimmik lu chethse future  inka pedda problem ayidi?

Nevu upfron tax kattaleda or any other income you got ?

jimmikku lu emundi man, nenu na wife both working, naku ee year 6100 katalsi vastundi, employers baney cut chystunnam annaru, tax cheysey vallu bracket ekkuva kabatti idi common ey antunnaru, year end vasthey bayam aitundi

Posted
35 minutes ago, iam_who_iam said:

jimmikku lu emundi man, nenu na wife both working, naku ee year 6100 katalsi vastundi, employers baney cut chystunnam annaru, tax cheysey vallu bracket ekkuva kabatti idi common ey antunnaru, year end vasthey bayam aitundi

Agreed 

Posted
45 minutes ago, former said:

nevu jimmik lu chethse future  inka pedda problem ayidi?

Nevu upfron tax kattaleda or any other income you got ?

Jimmilu em levu bro... may be exemptions ekkuva pettinanemo adi taggiyyali... 

normally married (no kids) people w4 lo entha pedtharu number ?? 2 or more?? 

nenu 4 pettina...

Posted
46 minutes ago, former said:

nevu jimmik lu chethse future  inka pedda problem ayidi?

Nevu upfron tax kattaleda or any other income you got ?

Jimmiklu em levu bro... may be exemptions ekkuva pettinanemo adi taggiyyali... 

normally married (no kids) people w4 lo entha pedtharu number ?? 2 or more?? 

nenu 4 pettina...

 

@k2s @Spartan @Quickgun_murugan

Posted
1 minute ago, Doravaru said:

Jimmiklu em levu bro... may be exemptions ekkuva pettinanemo adi taggiyyali... 

normally married (no kids) people w4 lo entha pedtharu number ?? 2 or more?? 

nenu 4 pettina...

 

@k2s @Spartan @Quickgun_murugan

Emo bro

Posted
Just now, SpyderReddyR said:

go for payment plan

adey etla bro? process enti??? emaina money pay cheyyala payment plan teeskunnanduku ?? how it works ?? konchem cheppu if you have any idea

thnx bro

Posted
44 minutes ago, iam_who_iam said:

jimmikku lu emundi man, nenu na wife both working, naku ee year 6100 katalsi vastundi, employers baney cut chystunnam annaru, tax cheysey vallu bracket ekkuva kabatti idi common ey antunnaru, year end vasthey bayam aitundi

eh bracket lo unaru..@3$%

Posted
10 minutes ago, Doravaru said:

Jimmilu em levu bro... may be exemptions ekkuva pettinanemo adi taggiyyali... 

normally married (no kids) people w4 lo entha pedtharu number ?? 2 or more?? 

nenu 4 pettina...

w4 lo iddaru working with no kids ayithe 0 pettali

so that neeku monthly pay takkuv vasthadi so at the end of year nee tax returns ekkuva return kattadam undadu.... 

confirmed with employer and other experts... 

Posted
50 minutes ago, Doravaru said:

ee sari tax returns lo nenu oka $2000 kattalsostundi (fed & state kalipi) is there any way that I can reduce the amount.

or if I have to pay that.. can I ask for a payment plan? IRS payment plans isthada?? process enti? emaina penalties untaya payment plan teeskuntey?

what would you recommend ..?? paying istantly or going with payment plan (if one exists) ??

 

thanks guys


@k2s @Quickgun_murugan @Spartan @mustang302 @raj_523

afterall 2k ki intha hadavidi aa ? I know ppl who pay 8k-10k as tax dues. 

you and your wife income aithe, obviously both w2 incomes fall under higher tax bracket. 

Only thing you need to do is reduce your taxable income by doing any of the following - 

1) Max out all of the 401k (you and your wife both)

2) or Buy a home (mortgage interest and property taxes can be shown as tax breaks which reduces your taxable income)

3) invest in IRA if you haven't already

Posted
5 minutes ago, BostonBullodu said:

w4 lo iddaru working with no kids ayithe 0 pettali

so that neeku monthly pay takkuv vasthadi so at the end of year nee tax returns ekkuva return kattadam undadu.... 

confirmed with employer and other experts... 

thanks for the info @BostonBullodu bro

married (no kids) just me working.. spouse not working... still 0 or any other number?? 

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