JJ, or other businessman, I need tax advice.

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  • SlickFazzer
    SBR Posting Legend
    • 05-22-08
    • 20209

    #1
    JJ, or other businessman, I need tax advice.
    Taxes are due next wed - i took the extension. I need SBR's help.

    1. When i was finishing up grad school in 2006 i lived off of school loans and some income. Ended up not filing a tax return - never heard from IRS.

    2. 2007, took extension - taxes due next Wed. If I can't pay full amount does IRS have payment plans? And should I file the 2006 taxes, or just ignore it (lived off school loans and some work paid to me by personal checks, less than $20,000)
  • mathdotcom
    SBR Posting Legend
    • 03-24-08
    • 11689

    #2
    must be a fine arts grad student
    Comment
    • SlickFazzer
      SBR Posting Legend
      • 05-22-08
      • 20209

      #3
      You would be surprised who SlickFazzer is.
      Comment
      • RogueJuror
        SBR Posting Legend
        • 07-08-08
        • 10010

        #4
        I want to meet SlickFazzer

        Comment
        • SlickFazzer
          SBR Posting Legend
          • 05-22-08
          • 20209

          #5
          Rogue we would party well, your a good guy.
          Comment
          • Kingctb27
            SBR MVP
            • 07-16-08
            • 2258

            #6
            Pretty sure loans are not included as income because they are not a "permanent" increase in wealth...
            Comment
            • accuscoresucks
              SBR Hall of Famer
              • 11-03-07
              • 7160

              #7
              were on this

              coach give slick a call pal
              Comment
              • mathdotcom
                SBR Posting Legend
                • 03-24-08
                • 11689

                #8
                Slickie
                3 guesses

                history
                sociology
                chemistry
                Comment
                • jjgold
                  SBR Aristocracy
                  • 07-20-05
                  • 388179

                  #9
                  I have no idea and do know much about tax laws, I went a stretch of like 10 years where I did not have to file because made under 3k a year.
                  Comment
                  • gm2022
                    SBR MVP
                    • 02-28-08
                    • 4128

                    #10
                    Originally posted by jjgold
                    I have no idea and do know much about tax laws, I went a stretch of like 10 years where I did not have to file because made under 3k a year.
                    3k, where u working In Rogue Country?
                    Comment
                    • jjgold
                      SBR Aristocracy
                      • 07-20-05
                      • 388179

                      #11
                      No just side jobs
                      Comment
                      • RealSlimShady
                        SBR Hall of Famer
                        • 12-24-07
                        • 6249

                        #12
                        File all taxes returns and pay what you can. The IRS will put you on a payment plan. If you don't file, you will get penalized more.
                        Comment
                        • jjgold
                          SBR Aristocracy
                          • 07-20-05
                          • 388179

                          #13
                          If you can somehow abolish your SS# you do not need to pay taxes but you have to know high ups in gov't.
                          Comment
                          • RogueJuror
                            SBR Posting Legend
                            • 07-08-08
                            • 10010

                            #14
                            I bought a SS#. I just found out this guy never payed taxes. Should I file the last couple of years as under 5k/year income? I want a legit identity.

                            Comment
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