Posted by MarkB_MI on April 09, 2022 at 04:38:03 from (96.59.224.67):
In Reply to: Re: Taxes posted by Geo-TH,In on April 09, 2022 at 03:43:38:
> I just got my last K1 a few days ago. I think I had 16 K1.
Aren't those supposed to be in the mail by January 31? I would have been on the phone March 1st.
> Got a call from my CPA yesterday. I'll need two pant loads of cash to pay a lifetime record of income taxes. I Hate to see what my quarterlies will be this year.
I only had to write a check for half a pantload. Fidelity makes it difficult to figure out how much they withhold from my 401k distributions, so I didn't have enough withheld last year. Meanwhile, the rentals actually made money last year, and my wife started collecting SS. The first pass I made through my 1040 I thought I must have made a big mistake somewhere. Nope.
It only took Uncle Sugar a week to cash my check. I wonder if I'll get another letter from the IRS next January like I got this year saying they didn't receive my 1040, even though they deposited the check I mailed with it.
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Today's Featured Article - A Brief History of Tractors in Australia - by Bob Kavanagh. After Captain Cook's exploration of the east coast in 1770 the British Government decided to establish a penal colony in Australia. The first fleet arrived in 1788 and consisted mainly of convicts who were poorly equipped and new little of farming techniques. The colony remained far from self-supporting and it was not until the early 1800's that things started to improve. Free settlers started to arrive, they followed the explorers across the mountains and where land was suitable set up farms. T
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