Texasmark1

Well-known Member
Thought I'd start getting things in shape for end of year filings and all. Visit irs.gov and WOW......things have changed. Apparently there is a brand new 1040 due out because in looking at the SS tax rate calculation form, which is out for 2018, references are made to 1040 line numbers that aren't there on the existing 1040 we've used for years.

In addition, Schedule F calculations have a new set of rules, one to quote is that 7 year depreciation items are now 5 year.

Apparently IRS hasn't published (www irs.gov) the new 1040 but the new farmer's tax guide is out there.....https://www.irs.gov/pub/irs-pdf/p225.pdf

Anybody know where the new 1040 might be located if published at this time?
 
I rather liked the idea Ted Cruze had about just filling out a post card. And doing away with the IRS.
 
You could do what the other side wants - sent all your money to the IRS. Maybe they could give you back a small allowance. LOL
 
IRS is famous for not getting things ready until the last minute. It will be on IRS.gov before anywhere else, I would think.
 
Actually a simple flat tax with no refunds would be the fairest way to do it. And for the vast majority their taxes would go down again. Then you could get rid of a large chuck of the government, the IRS.

Rick
 
(quoted from post at 09:05:57 10/18/18) The way we're going we will end up like Greece, Bankrupt! But that's what the orange guy does best!

AH russ, gotta go after him again? He could be like the MN governor and force a stadium on us and the losers....errs vikings owner still hasn't paid a dime. Or the light rail system that's subsidized by the state. The state claims 15% while watchdog groups say as high as 85%. All brought to us by the party that made MN the laughing stock with people saying "land of 10,000 taxes".

Rick
 
Russ if anybody wanted us like Greece and raised the national debt 8 trillion with not one thing to show for it was a black haired guy
 

Take a guess who add trillions of debt to the US economy before the other guy did.

Keep in mind back in the late 90's there was very little debt and in 2000 there was virtually nothing. Then someone else came in to office and its been down hill since.

I did not like the pervious guy one bit. Look at the whole picture before point fingers.

Don't just point your finger at one guy, there was another guy that contributed even more.

https://www.thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296




mvphoto25482.jpg
 
Haymaker .... graphs and charts ... remember that they are easily made up on home computers, there are
simple programs that let you do that. Often done by people that want to prove their point in an argument
(not you but someone else) and they get onto the web and are there forever. People who agree with the data
they see use them for their argument, ones who don't agree skip over them till they find one that shows the
opposite to be true. If one could be bothered, they might find one where the colors are reversed as an
example.
 
Back in the 1970's there was an old joke going around on mimeograph paper about a new simplified tax form:

line 1. How much did you make this year._________

line 2. Send it.________
 
(quoted from post at 13:52:31 10/18/18)
Take a guess who add trillions of debt to the US economy before the other guy did.

Keep in mind back in the late 90's there was very little debt and in 2000 there was virtually nothing. Then someone else came in to office and its been down hill since.

I did not like the pervious guy one bit. Look at the whole picture before point fingers.

Don't just point your finger at one guy, there was another guy that contributed even more.

https://www.thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296




mvphoto25482.jpg

OK yea, it went up under bush......some jerk had some of his buddies fly a few airplanes into a couple of building. Did you forget that?

Anyway that lead us into a war. And we all know wars are expensive. And if you are one of those who think if we pull support from Israel they stop you better wake up and smell the coffee. According to tenants of their faith they have to make us convert or they have to kill us. Failing to at least try is a major sin. So this would have happened anyway. SO what? Clinton (and Bush before him) drastically cut the military. Remember the speeches? "We can fight a to fronted war with a 400,000 man army? They lied. Both slick Willie and the generals who he made make those speeches. 2 small 2 fronted wars and we had to call up most of the National Guard plus increase the military to 600,000. So yea the shrub spent some money.......all approved by congress.

Rick
 
2018 = highest tax receipts in history, that?s what a tax cut will do, stimulate economic growth, DJT has created and will presided over the best economy in history. The dimwitocrats will never learn.
 
What has He done so far? He did not replaced external_link healthcare Act, the wall is not built (of course with Mexico's money), and Hilary is still living in the free world.

If the wall was built, who would milk the cows, pick the vegetables, or do any of the other jobs that lazy Americans do not want to do? Maybe the Farmers cant afford to pay Americans a good enough wage, maybe that why don't want to work. Every farm is in a different position.

I keep hearing that Oboma's economy was terrible, but was it really? If it was that bad what do you call Bush II economy?

I supported Bush II and the wars. But he also put this county in a depression even though they would never say that word. Only refer to is as a recession.
Also, correct me if I am wrong. In the 1980's the farmers were living on government subsidies, in the 1990's the farmers bought new equipment, fixed barns, and built new complex's. In the 2000's there were record lows for milk, grain, and meat. in the 2010's there were record highs for milk, grain, and meat. I keep hearing that He will fix it, last I knew the prices were still pretty low. So I am still waiting for him to fix that and its been almost 2 years.

Before complaining about the guy in the white house or the guy before him look back at history and look at the big picture.

What we have now are radicals on both sides of the isle. Both yell and scream at the other while pointing there fingers accusing each other of all the problems in this country.

Who is the girlfriend beater? I'm lost on that comment
 
What has He done so far? He did not replaced external_link healthcare Act, the wall is not built (of course with Mexico's money), and Hilary is still living in the free world.

If the wall was built, who would milk the cows, pick the vegetables, or do any of the other jobs that lazy Americans do not want to do? Maybe the Farmers cant afford to pay Americans a good enough wage, maybe that why don't want to work. Every farm is in a different position.

I keep hearing that Oboma's economy was terrible, but was it really? If it was that bad what do you call Bush II economy?

I supported Bush II and the wars. But he also put this county in a depression even though they would never say that word. Only refer to is as a recession.
Also, correct me if I am wrong. In the 1980's the farmers were living on government subsidies, in the 1990's the farmers bought new equipment, fixed barns, and built new complex's. In the 2000's there were record lows for milk, grain, and meat. in the 2010's there were record highs for milk, grain, and meat. I keep hearing that He will fix it, last I knew the prices were still pretty low. So I am still waiting for him to fix that and its been almost 2 years.

Before complaining about the guy in the white house or the guy before him look back at history and look at the big picture.

What we have now are radicals on both sides of the isle. Both yell and scream at the other while pointing there fingers accusing each other of all the problems in this country.

Who is the girlfriend beater? I'm lost on that comment
 
(quoted from post at 17:05:57 10/18/18) The way we're going we will end up like Greece, Bankrupt! But that's what the orange guy does best!

Who is "the orange guy"? Is he from Florida?
 
(quoted from post at 13:52:31 10/18/18)
Take a guess who add trillions of debt to the US economy before the other guy did.

Keep in mind back in the late 90's there was very little debt and in 2000 there was virtually nothing. Then someone else came in to office and its been down hill since.

I did not like the pervious guy one bit. Look at the whole picture before point fingers.

Don't just point your finger at one guy, there was another guy that contributed even more.

https://www.thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296




mvphoto25482.jpg

I guess a chart with the big O wouldn't fit on the page LOL!
 
Yea if the wall was built where would the mega farms get their labor to run the small farms out of business like is happening in the dairy industry?If you live in Minnesota you must not keep up with who is running for statewide office or you watch MSNBC.
 
What has He done so far? He did not replaced external_link healthcare Act, the wall is not built (of course with Mexico's money), and Hilary is still living in the free world.

If the wall was built, who would milk the cows, pick the vegetables, or do any of the other jobs that lazy Americans do not want to do? Maybe the Farmers cant afford to pay Americans a good enough wage, maybe that why don't want to work. Every farm is in a different position.

I keep hearing that Oboma's economy was terrible, but was it really? If it was that bad what do you call Bush II economy?

I supported Bush II and the wars. But he also put this county in a depression even though they would never say that word. Only refer to is as a recession.
Also, correct me if I am wrong. In the 1980's the farmers were living on government subsidies, in the 1990's the farmers bought new equipment, fixed barns, and built new complex's. In the 2000's there were record lows for milk, grain, and meat. in the 2010's there were record highs for milk, grain, and meat. I keep hearing that He will fix it, last I knew the prices were still pretty low. So I am still waiting for him to fix that and its been almost 2 years.

Before complaining about the guy in the white house or the guy before him look back at history and look at the big picture.

What we have now are radicals on both sides of the isle. Both yell and scream at the other while pointing there fingers accusing each other of all the problems in this country.

Who is the girlfriend beater? I'm lost on that comment
 

2018 is the highest tax receipt in history-

With all this extra revenue that the government received, will it lower your income taxes or property taxes? Where are they going to spend this extra revenue from these taxes collect. Obviously not pay the national debt down.
 

I supported Bush II and the wars. But he also put this county in a depression even though they would never say that word. Only refer to is as a recession.

Also, correct me if I am wrong. Under Regan the farmers were living on government subsidies. Under Clinton the farmers bought new equipment, fixed barns, and built new complex's. Under Bush II there were record lows for milk, grain, and meat. Under Bama there were record highs for milk, grain, and meat. I keep hearing that DJT will fix it, last I knew the prices were still pretty low. So I am still waiting for him to fix that and its been almost 2 years.
 
Before complaining about the guy in the white house or the guy before him look back at history and look at the big picture.

What we have now are radicals on both sides of the isle. Both yell and scream at the other while pointing there fingers accusing each other of all the problems in this country.

Who is the girlfriend beater? I'm lost on that comment
 
What has He done so far? He did not replaced Bama healthcare Act, the wall is not built (of course with Mexico's money), and Hilary is still living in the free world.

If the wall was built, who would milk the cows, pick the vegetables, or do any of the other jobs that lazy Americans do not want to do? Maybe the Farmers cant afford to pay Americans a good enough wage, maybe that why don't want to work. Every farm is in a different position.
 
Wow! HayMaker take a breath! I remember a better time when HW Bush was working with Japan on trade issues. He said we can't stop your cars from coming into the U.S. our consumers like them. What can you buy from us to level things out? Japan wanted access to our Ag. products....all of them including the prime cuts of beef. That was the 1st time fed cattle went over $1.00. Billy came along and said to Japan we want access to your insurance industry, Japan said OK but we wont buy your beef. Billy said fine with me only 3% of our population is farming and half of those didn't vote for me.
 
I guess I missed this. Milk has had recorded low's when Barry was in. "Under Bama there were record highs for milk, grain, and meat".
 
Record lows in the beginning or end of his tenure? Obviously the markets go up and down. On an average, what did the farmers get paid for their products during Barry's tenure compared to Bush II tenure? And what the average prices for the last two years under DJT? Remember he's going to fix it.

Break the last 40 years down by who was in the Oval Office. There has been 6 presidents. Look at your reported income on your taxes (before you made your tax deduction purchases) and tally them up based upon the years and terms each man was in office. Which term produced the best and worst average income?

During what years / terms did the farmers make tax deduction purchase because they made too much money and did not want to claim it and pay taxes on it?

The President has not got something done-
What has he got done? Remember he's going to fix it? What has he fixed? My taxes are still high, my insurance keeps going up, gas is higher than it was several years ago.
You can't blame congress for him not getting things done. This is the checks and balance system of the democratic nation that we live in.

What has been done is we are in the age of Radicals. First we have DJT and now we have this lady in NYC named Ocasio-Cortez who is just as crazy as the man in the Oval Office, she just resides on the other side of the isle.
 
WOW......................I haven't worked it yet, but for a glance, how come it took so long to get something nice and simple?????????????????????

Looks official enough, not some comedian's idea of a joke.

Thank you sir very much!!!!!!!!!!!!!!
 
> ...how come it took so long to get something nice and simple?

Well, this is the IRS answer to Donnie's promise of a "postcard" 1040. Of course the tax code hasn't changed that much, so how the heck did they shrink the form? Very simple, there are FIVE new schedules, each one of which contains a few lines from the old 1040.

<a href="https://www.irs.gov/pub/irs-dft/f1040s1--dft.pdf">https://www.irs.gov/pub/irs-dft/f1040s1--dft.pdf</a>
<a href="https://www.irs.gov/pub/irs-dft/f1040s2--dft.pdf">https://www.irs.gov/pub/irs-dft/f1040s2--dft.pdf</a>
<a href="https://www.irs.gov/pub/irs-dft/f1040s3--dft.pdf">https://www.irs.gov/pub/irs-dft/f1040s3--dft.pdf</a>
<a href="https://www.irs.gov/pub/irs-dft/f1040s4--dft.pdf">https://www.irs.gov/pub/irs-dft/f1040s4--dft.pdf</a>
<a href="https://www.irs.gov/pub/irs-dft/f1040s5--dft.pdf">https://www.irs.gov/pub/irs-dft/f1040s5--dft.pdf</a>

Now, do you suppose tax preparers are going to complete the new 1040, PLUS the five new schedules, for the same price as the old 1040? MAGAA! (Make America Great Again for Accountants)
 

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