Tuesday, April 14, 2009

2361 Blowing away

Tuesday, April 14, 2009

Lunch with Piper today. The Angel's office is in Fishkill, almost an hour downriver, and he didn't make it to the village with the tax forms yesterday, so Piper had gone down after work to get them. So I got to see the tax filings this morning, but I didn't get to review them because Piper didn't also pick up my envelope full of input. Oh well. Nothing obvious popped out, so I told Piper to tell The Angel to go ahead and e-file. If anything's wrong, it's better to file an amended form than to get an extension.

I owe over $3,000 additional federal, and I'm getting a $6 refund from the state. Gag. Choke.

Something I found out today - under the stimulus package, we do not have to pay taxes on 2008 capital gains. I wonder how many people know that. I sure didn't. Piper says it's in the instructions, but if you're using a software tax prep package that you bought in, say, early January, is it in that?


If you're an "Idol" fan and a Simon hater, the following video will blow you away. Meet Susan Boyle, a 47-year-old country dumpling of a British spinster with cats, caterpillar eyebrows, and a dream. She entered the British version of the show, "Britain's Got Talent". Apparently in Britain, the auditions take place on stage in front of an audience.

This one may mess up your eye makeup. Fair warning.

(Embedding has been disabled "by request" for all of the versions of this video on YouTube, so you'll have to follow the link. Go. It's worth it.)


the queen said...

You had gains? I found out if you have no dividends and just loss you dont get a 1099 int or 1099 div.

Wondering Woman said...

zero capital gains tax is only for people in low tax bracket. copied this from a financial article:

Like a lot of things you find online, this rumor contains a kernel of truth. From 2008 through 2010, the long-term capital gains rate for some investors will drop to zero. But before you start planning a fire sale of your stocks and mutual funds, make sure you'll be eligible for this tax break.

The zero-percent capital gains rate will be limited to individuals in the 10% and 15% tax brackets. Those folks now pay 5% on long-term capital gains. Withdrawals from retirement savings plans, such as individual retirement accounts, won't be affected because those withdrawals are taxed at your ordinary income tax rate.

~~Silk said...

Ack! I'm not sure of the actual number (having not looked it up or worked it out), but I'm sure my bracket is fairly high. On the other hand, Piper's been working to get a portion of my income-producing investments into tax-free stuff, so maybe it has dropped. I'll have to ask.

Becs said...

I saw the Susan Boyle video yesterday - she was phenomenal. One in the eye for the ugly haytahs.