XHonusWagnerX
Moderator
Posts: 12509
Registered: 7-14-2005
Location: pawtucket
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Mood: hadDCore
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Tax Return question?
Not sure how many of you guys do your own taxes or what kind of incomes you have, but I have a question and figured I would ask incase someone
knows...
I have a W2 from my job, a 1099-Misc from the Vinyl Noize blog and 2 statements of (small) interest from my bank. Any idea what return form I need to
use? 1040? 1040ez? Do I need some additional form like a 'schedule' or something?
Also, I had a 401K that I closed out, but I never had the money, t went into an IRA. Do I have to do anything in reguards to that?
| Quote: | Originally posted by REV.PAULIE
HONUS-as much as i can't stand a great deal of what you really like (for my own reasons that i would never hold,nor impose,against you),YOU FUCKING
RULE!
YOU,HONUS,IS WHAT MAKES THE "EDGE" COOL.
YOUR FRIEND,
PAULIE |
check out my post contributions at www.VinylNoize.com
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Johnny_Whistle
Senior Member
Posts: 741
Registered: 5-26-2010
Location: Location, Location
Member Is Offline
Mood: the voices
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Not sure about which 1040 you need, but in regards to the 401k, you need to report to the IRS that the money was rolled into an IRA within 60 days of
the the distribution. You should have received a 1099-R for the distribution from the retirement plan, and you'll get a form 5498 from the company
that received your IRA later in the year (usually June). Form 5329 needs to be completed to show the IRS that you don't owe any taxes or the 10%
penalty for early distributions.
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BDx13
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Vinyl Noize sent you a 1099?
I had no idea blogging paid so well!
If I fail math, there goes my chance at a good job and a happy life full of hard work.
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XHonusWagnerX
Moderator
Posts: 12509
Registered: 7-14-2005
Location: pawtucket
Member Is Offline
Mood: hadDCore
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| Quote: | Originally posted by BD
Vinyl Noize sent you a 1099?
I had no idea blogging paid so well! |
$1545.66
| Quote: | Originally posted by REV.PAULIE
HONUS-as much as i can't stand a great deal of what you really like (for my own reasons that i would never hold,nor impose,against you),YOU FUCKING
RULE!
YOU,HONUS,IS WHAT MAKES THE "EDGE" COOL.
YOUR FRIEND,
PAULIE |
check out my post contributions at www.VinylNoize.com
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BDx13
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dude, that's amazing.
do you mind me asking what your arrangement is?
i mean, do you get a set amount per post or a percentage of the referral fee your posts make?
If I fail math, there goes my chance at a good job and a happy life full of hard work.
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XHonusWagnerX
Moderator
Posts: 12509
Registered: 7-14-2005
Location: pawtucket
Member Is Offline
Mood: hadDCore
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the Noize Corportation has an 'eBay Partnership' which means they get money from eBay for driving traffic there. They get more money if there are more
clicks and more if there are actual click through purchases.
The blog gets a percent of the money eBay collects if an item is bought by a Noize reader/clicker. Then the person that posted the auction/link gets a
percentage of what the Noize blog collected. Then the blogger gets a paycheck once a month.
| Quote: | Originally posted by REV.PAULIE
HONUS-as much as i can't stand a great deal of what you really like (for my own reasons that i would never hold,nor impose,against you),YOU FUCKING
RULE!
YOU,HONUS,IS WHAT MAKES THE "EDGE" COOL.
YOUR FRIEND,
PAULIE |
check out my post contributions at www.VinylNoize.com
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Discipline
* DRUNKEN MONKEY *
Posts: 11900
Registered: 9-8-2004
Location: Over here
Member Is Offline
Mood: The Alley Dukes
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Nice!
‘Do you know what a love letter is? It’s a bullet from a fucking gun. Straight through your heart.’
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XHonusWagnerX
Moderator
Posts: 12509
Registered: 7-14-2005
Location: pawtucket
Member Is Offline
Mood: hadDCore
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They're always looking for more people so get ahold of them if you know anything about TOYS, COMICS, VIDEO GAMES, T-SHIRTS, RECORDS, SKATEBOARDS,
SPORTS... etc!
| Quote: | Originally posted by REV.PAULIE
HONUS-as much as i can't stand a great deal of what you really like (for my own reasons that i would never hold,nor impose,against you),YOU FUCKING
RULE!
YOU,HONUS,IS WHAT MAKES THE "EDGE" COOL.
YOUR FRIEND,
PAULIE |
check out my post contributions at www.VinylNoize.com
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XnMeX
Posting Freak
Posts: 3839
Registered: 4-11-2004
Location: Dirty Dover, NH
Member Is Offline
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Good lord you made a decent chunk on Noize! I gave up...
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clevohardcore
* Kick\'n ass on the wild side *
Posts: 12937
Registered: 9-19-2004
Member Is Offline
Mood: Sick Of It All, Youth Of Today
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DAMN DUDE! NICE JOB! I say we form a Union on THORP because I hasn't seen one red cent and BD is a slave driver. 
Each aspect of the soul has it's own part to play, but the ideal is harmonious agreement with reason and control.
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XHonusWagnerX
Moderator
Posts: 12509
Registered: 7-14-2005
Location: pawtucket
Member Is Offline
Mood: hadDCore
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I think I figured out my tax form questions, but it took 3 calls to the IRS.
I ended up with a 1040, a Schedule C-ez and a Schedule SE. Then I had to do my Mass non-resident (cause I work in Mass, but live in RI) and my RI.
I'm getting back a total of about $2200, but I have an extra $25 a week taken out for Federal so its a bummer that the reality is I'm getting back
less than $1000 in actual tax money. Sucks to have no deductions!
For the 401K to IRA thing I just had to note it on the 1040 so thats taken care of too.
thanks for the help guys, especially Johnny
| Quote: | Originally posted by REV.PAULIE
HONUS-as much as i can't stand a great deal of what you really like (for my own reasons that i would never hold,nor impose,against you),YOU FUCKING
RULE!
YOU,HONUS,IS WHAT MAKES THE "EDGE" COOL.
YOUR FRIEND,
PAULIE |
check out my post contributions at www.VinylNoize.com
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Johnny_Whistle
Senior Member
Posts: 741
Registered: 5-26-2010
Location: Location, Location
Member Is Offline
Mood: the voices
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My pleasure. Retirement plans is what I do.
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BDx13
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johnny, are you a financial planner?
If I fail math, there goes my chance at a good job and a happy life full of hard work.
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Johnny_Whistle
Senior Member
Posts: 741
Registered: 5-26-2010
Location: Location, Location
Member Is Offline
Mood: the voices
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No, I work for a mutual fund company, but I'm not a licensed advisor or anything. I just know a lot of the ins and outs for retirement plans, mutual
funds, 529 plans, etc.
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BDx13
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awesome.
it's always interesting to learn what our punk-ass board members do in 'real' life.
If I fail math, there goes my chance at a good job and a happy life full of hard work.
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