You can do adjustments, but I don't think I can go and make those business "expenses" now like putting into a retirement account today and starting it, but claiming it from the 2008 taxes and getting a refund.
Your biggest financial blunder?
- Thread starter CLKeenan
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Taxes are a cost. Rich people who are smart pay very little taxes. Some of us paid a lot more than we "needed" to.
And I'll repeat, taxes are a cost (extortion) of doing business (living). They are a net drag on productivity.
I just realized what you said and gave you the wrong answer. Yes, you can do extensions, but at the time I wasn't thinking about it as I didn't want to create a "red flag" around myself for filing an extension. But even if I did ( the extension is filed in 2009 for the 2008 year ) I don't think I could have filed for extension in 2009 to pay my 2008 taxes and then started a retirement/reduced my taxes plan in 2009 for my 2008 deductions.
Biggest Financial mistake.......Hmmmmmm........let me think about that for a moment...........yes I think I'm coming to an answer...........................
4 failed marriages!!!
FML!!!
Lulz
4 failed marriages!!!
FML!!!
Lulz
Lol, I never swindled anyone, he was just joking. Heck I just said in the other thread I would never accept anyone's money since I'm legally not allowed to trade for them.
Payment plans with IRS are pretty easy when you owe under $50k; when it is over that amount they require more proof of inability. Why? Because the interest rate is so low that in certain cases you might end up with a solution where it is better to use the interest differential between what you earn and what you will owe -- risky though without the right counsel.
If you could dedicate a full post to go other the experiences and what went wrong I would love to hear it. Greatly interested in that.
lost $30k+ in 3 different partnerships where I either got screwed, or we left it due to our inability to come to an agreement
Buying a expensive car on lease when I couldnt afford it,
Buying expensive clothes when I couldn't afford it,
Going out and clubbing when I couldn't afford it,
Bought shit loads of expensive comics when I couldn't afford it,
Used CCs for everything,
End result, Paid/Sold everything, now im MgruInning..
Buying expensive clothes when I couldn't afford it,
Going out and clubbing when I couldn't afford it,
Bought shit loads of expensive comics when I couldn't afford it,
Used CCs for everything,
End result, Paid/Sold everything, now im MgruInning..
I think I could do that. Currently balls deep in a project so give me a couple days and I will put it together
Was just about to write about some big financial blunders I took while trading to a tune of $200k but I decided to spare everyone the trading talk and show one that hit me in my heart.
So about 3 years ago I was shopping for my first car. Wasn't looking for anything crazy, just something that drove well, looked good and wasn't too expensive. I settled on a BMW 2003 5 series for $15,000. I loved the car. I literally would come from classes and just drive around for an hour just because I loved driving in it. At this point I only had 6 months of driving experience under my belt too.
Well...every now and then my older sister would borrow the car for her chores. The car was actually purchased on her birthday in September. Two months later I'm heading out during Christmas break with my parents for a vacation; she decided to stay back. When we come back 2 weeks later we find the car in this condition:
This was the first time in years that I actually cried.
Apparently the same exact day we left my sister decided to drive the car in bad snowy conditions. From what we understand she got stuck in the snow several times, and kept hitting the gas to get out of that predicament every time. Well on the way home the engine caught fire and by the time the firetruck came the car was burned to crisp.
One month later I had the car donated for its metal. What I still have left of the car is the key and a broken piece of the break light I found on the ground next to it. I only had limited liability insurance; so I got $0 from the insurance company.
So about 3 years ago I was shopping for my first car. Wasn't looking for anything crazy, just something that drove well, looked good and wasn't too expensive. I settled on a BMW 2003 5 series for $15,000. I loved the car. I literally would come from classes and just drive around for an hour just because I loved driving in it. At this point I only had 6 months of driving experience under my belt too.
Well...every now and then my older sister would borrow the car for her chores. The car was actually purchased on her birthday in September. Two months later I'm heading out during Christmas break with my parents for a vacation; she decided to stay back. When we come back 2 weeks later we find the car in this condition:
This was the first time in years that I actually cried.
Apparently the same exact day we left my sister decided to drive the car in bad snowy conditions. From what we understand she got stuck in the snow several times, and kept hitting the gas to get out of that predicament every time. Well on the way home the engine caught fire and by the time the firetruck came the car was burned to crisp.
One month later I had the car donated for its metal. What I still have left of the car is the key and a broken piece of the break light I found on the ground next to it. I only had limited liability insurance; so I got $0 from the insurance company.
I got myself a mom & pop store overseas, outta my vacation budget of $8K this year. Now I am having to work twice as much as I generally would at this time of the year to save up for the Christmas holidays. Grrr!
Are you sure?
APL: Summary for Atlas Pipeline Partners, L.P. C- Yahoo! Finance
Not impressed. :food-smiley-010:
Had a desktop music player developed for $2,5k and had it die off pretty fast. Looking back it's only a few k but still, might as well wiped my ass with it.
OK so why is it my biggest financial blunder? Not as much in financial terms as in the time the project ate away which could be better spent on stuff I was actually good at. I worked with developers for more than 6 months had to babysit them on Skype and hunt out bugs all the time. The whole thing was a wreck.
Surprisingly I was really really happy with the end result and it was/still is a kick ass piece of software but by the time I was ready to roll it out my traffic source died off.
OK so why is it my biggest financial blunder? Not as much in financial terms as in the time the project ate away which could be better spent on stuff I was actually good at. I worked with developers for more than 6 months had to babysit them on Skype and hunt out bugs all the time. The whole thing was a wreck.
Surprisingly I was really really happy with the end result and it was/still is a kick ass piece of software but by the time I was ready to roll it out my traffic source died off.