Cycling and bicycle discussion forums. 
   Click here to join our community Log in to access your Control Panel  


Go Back   > >

Foo Off-Topic chit chat with no general subject.

User Tag List

Reply
 
Thread Tools Search this Thread
Old 01-06-10, 08:50 AM   #1
UnsafeAlpine
Domestic Domestique
Thread Starter
 
UnsafeAlpine's Avatar
 
Join Date: Dec 2007
Location: Michigan
Bikes: Brand New Old Catamount! Schwinn Homegrown, Specialized FSR, Salsa Vaya, Salsa Chile Con Crosso
Posts: 1,742
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Taxes!!!

Ok, I find myself in a bit of a pickle. To continue my education in the fall of this year, I'll need to have my tax return filed. I didn't make any money last year. No W-2, no income, nothing. Is it still possible to fill out a tax return for 0 income and if not, how do I sort out my financial aide for the fall semester?
UnsafeAlpine is offline   Reply With Quote
Old 01-06-10, 08:53 AM   #2
jsharr
You Know!? For Kids!
 
jsharr's Avatar
 
Join Date: Apr 2005
Location: Just NW of Richardson Bike Mart
Bikes: '05 Trek 1200 / '90 Trek 8000 / '? Falcon Europa
Posts: 6,157
Mentioned: 2 Post(s)
Tagged: 0 Thread(s)
Quoted: 3 Post(s)
PM mv. for once, it will be useful to know him.
__________________
Are you a registered member? Why not? Click here to register. It's free and only takes 27 seconds! Help out the forums, abide by our community guidelines.
Quote:
Originally Posted by colorider View Post
Phobias are for irrational fears. Fear of junk ripping badgers is perfectly rational. Those things are nasty.
jsharr is offline   Reply With Quote
Old 01-06-10, 08:58 AM   #3
UnsafeAlpine
Domestic Domestique
Thread Starter
 
UnsafeAlpine's Avatar
 
Join Date: Dec 2007
Location: Michigan
Bikes: Brand New Old Catamount! Schwinn Homegrown, Specialized FSR, Salsa Vaya, Salsa Chile Con Crosso
Posts: 1,742
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by jsharr View Post
PM mv. for once, it will be useful to know him.
Dammit, I was trying to avoid that bugger...
UnsafeAlpine is offline   Reply With Quote
Old 01-06-10, 09:00 AM   #4
mikeybikes
Senior Member
 
mikeybikes's Avatar
 
Join Date: May 2009
Location: Edgewater, CO
Bikes: Tons
Posts: 3,214
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Is this for the FAFSA?

For the FAFSA, you don't actually have to file taxes, just know what you would put on the tax form.

Also, you can file a 1040 for 0 income.
mikeybikes is offline   Reply With Quote
Old 01-06-10, 09:12 AM   #5
ModoVincere
Riding Heaven's Highways on the grand tour
 
ModoVincere's Avatar
 
Join Date: Aug 2006
Bikes:
Posts: 1,675
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by UnsafeAlpine View Post
Dammit, I was trying to avoid that bugger...
Are you eligible for any credits? Even if you don't have an income, some credits are available. I won't go into the details, as I really am not a tax accountant and would have to do a little research to tell you which is which.
In addition, how did you pay for school last year without an income? Perhaps you can show withdrawls from savings or some such in lieu of a tax return.
__________________
1 bronze, 0 silver, 1 gold
ModoVincere is offline   Reply With Quote
Old 01-06-10, 09:14 AM   #6
UnsafeAlpine
Domestic Domestique
Thread Starter
 
UnsafeAlpine's Avatar
 
Join Date: Dec 2007
Location: Michigan
Bikes: Brand New Old Catamount! Schwinn Homegrown, Specialized FSR, Salsa Vaya, Salsa Chile Con Crosso
Posts: 1,742
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by ModoVincere View Post
Are you eligible for any credits? Even if you don't have an income, some credits are available. I won't go into the details, as I really am not a tax accountant and would have to do a little research to tell you which is which.
In addition, how did you pay for school last year without an income? Perhaps you can show withdrawls from savings or some such in lieu of a tax return.
The previous year's grant and some loans. Are loans considered income and if so, will I receive some sort of tax form for that?
UnsafeAlpine is offline   Reply With Quote
Old 01-06-10, 09:16 AM   #7
ModoVincere
Riding Heaven's Highways on the grand tour
 
ModoVincere's Avatar
 
Join Date: Aug 2006
Bikes:
Posts: 1,675
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by UnsafeAlpine View Post
The previous year's grant and some loans. Are loans considered income and if so, will I receive some sort of tax form for that?
No, loans are not considered income unless you don't pay them back, in which case you have income.
Grants may or may not be considered income, depending on the grant and its terms.
__________________
1 bronze, 0 silver, 1 gold
ModoVincere is offline   Reply With Quote
Old 01-06-10, 10:33 AM   #8
ilikebikes
K2ProFlex baby!
 
ilikebikes's Avatar
 
Join Date: Feb 2007
Location: My response would have been something along the lines of: "Does your bike have computer controlled suspension? Then shut your piehole, this baby is from the future!"
Bikes: to many to list
Posts: 6,087
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)
Quote:
Originally Posted by UnsafeAlpine View Post
Ok, I find myself in a bit of a pickle. To continue my education in the fall of this year, I'll need to have my tax return filed. I didn't make any money last year. No W-2, no income, nothing. Is it still possible to fill out a tax return for 0 income and if not, how do I sort out my financial aide for the fall semester?
I don't pay taxes! Ha! ha!
__________________
You see, their morals, their code...it's a bad joke, dropped at the first sign of trouble. They're only as good as the world allows them to be. I'll show you. When the chips are down, these...These "civilized" people...they'll eat each other. See, I'm not a monster. I'm just ahead of the curve
ilikebikes is offline   Reply With Quote
Old 01-06-10, 11:30 AM   #9
probe1957
Senior Member
 
Join Date: Mar 2009
Location: Central IL
Bikes: 1987 Nishiki Altron 7000, 1991 Trek 520, 2008 Trek 7100
Posts: 350
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by UnsafeAlpine View Post
I didn't make any money last year. No W-2, no income, nothing.
Hard to believe no woman has snagged you yet.
probe1957 is offline   Reply With Quote
Old 01-06-10, 11:37 AM   #10
UnsafeAlpine
Domestic Domestique
Thread Starter
 
UnsafeAlpine's Avatar
 
Join Date: Dec 2007
Location: Michigan
Bikes: Brand New Old Catamount! Schwinn Homegrown, Specialized FSR, Salsa Vaya, Salsa Chile Con Crosso
Posts: 1,742
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by probe1957 View Post
Hard to believe no woman has snagged you yet.
Dude, get with the program. I'm living with my gf, her two kids, and her mom. I've been snagged, tagged, gutted, and filleted.
UnsafeAlpine is offline   Reply With Quote
Old 01-06-10, 11:39 AM   #11
ModoVincere
Riding Heaven's Highways on the grand tour
 
ModoVincere's Avatar
 
Join Date: Aug 2006
Bikes:
Posts: 1,675
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by UnsafeAlpine View Post
Dude, get with the program. I'm living with my gf, her two kids, and her mom. I've been snagged, tagged, gutted, and filleted.
So jsharr's going to start offering you as the new B'day gift to everyone?
__________________
1 bronze, 0 silver, 1 gold
ModoVincere is offline   Reply With Quote
Old 01-06-10, 11:41 AM   #12
jsharr
You Know!? For Kids!
 
jsharr's Avatar
 
Join Date: Apr 2005
Location: Just NW of Richardson Bike Mart
Bikes: '05 Trek 1200 / '90 Trek 8000 / '? Falcon Europa
Posts: 6,157
Mentioned: 2 Post(s)
Tagged: 0 Thread(s)
Quoted: 3 Post(s)
I practice catch and release
__________________
Are you a registered member? Why not? Click here to register. It's free and only takes 27 seconds! Help out the forums, abide by our community guidelines.
Quote:
Originally Posted by colorider View Post
Phobias are for irrational fears. Fear of junk ripping badgers is perfectly rational. Those things are nasty.
jsharr is offline   Reply With Quote
Old 01-06-10, 11:42 AM   #13
ModoVincere
Riding Heaven's Highways on the grand tour
 
ModoVincere's Avatar
 
Join Date: Aug 2006
Bikes:
Posts: 1,675
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by jsharr View Post
I practice catch and release
maybe, but its that time inbetween that catch and release that is what worries me.
__________________
1 bronze, 0 silver, 1 gold
ModoVincere is offline   Reply With Quote
Old 01-06-10, 11:45 AM   #14
bigbenaugust 
always rides with luggage
 
bigbenaugust's Avatar
 
Join Date: Feb 2005
Location: KIGX
Bikes: 2009 Fantom CX, 2012 Fantom Cross Uno, Bakfiets
Posts: 1,984
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 11 Post(s)
Quote:
Originally Posted by UnsafeAlpine View Post
Dude, get with the program. I'm living with my gf, her two kids, and her mom. I've been snagged, tagged, gutted, and filleted.
And served lightly breaded in a white wine sauce with asparagus spears and sauteed red potatoes on the side?
__________________
--Ben
Carrboro Bike Coalition - putting the "bike" in "CARrboro" :)
2011 Motobecane Fantom Cross Uno, 2009 Motobecane Fantom CX, and a Bakfiets
Previously: 2000 Trek 4500 (2000-2003), 2003 Novara Randonee (2003-2006), 2003 Giant Rainier (2003-2008), 2005 Xootr Swift (2005-2007), 2007 Nashbar 1x9 (2007-2011), 2011 Windsor Shetland (2011-2014), 2008 Citizen Folder (2015)
Non-Bike hardware: openSUSE Leap - LinuxMint Debian Edition 2 - Mac OS 10.6 - Android 4.4 - CyanogenMod 13
bigbenaugust is offline   Reply With Quote
Old 01-06-10, 11:47 AM   #15
jsharr
You Know!? For Kids!
 
jsharr's Avatar
 
Join Date: Apr 2005
Location: Just NW of Richardson Bike Mart
Bikes: '05 Trek 1200 / '90 Trek 8000 / '? Falcon Europa
Posts: 6,157
Mentioned: 2 Post(s)
Tagged: 0 Thread(s)
Quoted: 3 Post(s)
fava beans and a nice chianti.
__________________
Are you a registered member? Why not? Click here to register. It's free and only takes 27 seconds! Help out the forums, abide by our community guidelines.
Quote:
Originally Posted by colorider View Post
Phobias are for irrational fears. Fear of junk ripping badgers is perfectly rational. Those things are nasty.
jsharr is offline   Reply With Quote
Old 01-06-10, 11:50 AM   #16
Mr. Markets
Who has a good sense of humor for going along with my little April Fool Gag (The Admin)
 
Mr. Markets's Avatar
 
Join Date: May 2005
Location: on my laptop
Bikes: Longbikes Slipstream
Posts: 4,066
Mentioned: 6 Post(s)
Tagged: 0 Thread(s)
Quoted: 531 Post(s)
'zacktly!
Mr. Markets is offline   Reply With Quote
Old 01-06-10, 12:20 PM   #17
probe1957
Senior Member
 
Join Date: Mar 2009
Location: Central IL
Bikes: 1987 Nishiki Altron 7000, 1991 Trek 520, 2008 Trek 7100
Posts: 350
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by UnsafeAlpine View Post
Dude, get with the program. I'm living with my gf, her two kids, and her mom. I've been snagged, tagged, gutted, and filleted.
I know. I was just givin' ya chit.
probe1957 is offline   Reply With Quote
Old 01-06-10, 12:21 PM   #18
jsharr
You Know!? For Kids!
 
jsharr's Avatar
 
Join Date: Apr 2005
Location: Just NW of Richardson Bike Mart
Bikes: '05 Trek 1200 / '90 Trek 8000 / '? Falcon Europa
Posts: 6,157
Mentioned: 2 Post(s)
Tagged: 0 Thread(s)
Quoted: 3 Post(s)
He is already full of it, why give him more?
__________________
Are you a registered member? Why not? Click here to register. It's free and only takes 27 seconds! Help out the forums, abide by our community guidelines.
Quote:
Originally Posted by colorider View Post
Phobias are for irrational fears. Fear of junk ripping badgers is perfectly rational. Those things are nasty.
jsharr is offline   Reply With Quote
Old 01-06-10, 12:23 PM   #19
ModoVincere
Riding Heaven's Highways on the grand tour
 
ModoVincere's Avatar
 
Join Date: Aug 2006
Bikes:
Posts: 1,675
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
hmmm....maybe we can have a new tea party where we throw non taxpaying college students into the water.
__________________
1 bronze, 0 silver, 1 gold
ModoVincere is offline   Reply With Quote
Old 01-06-10, 12:25 PM   #20
RUOkie
Scarlet Knight
 
RUOkie's Avatar
 
Join Date: May 2009
Location: In a Haggard Song
Bikes: 2009 ORBEA Onix Rival. 2012 Felt Breed, 1999 Raleigh 500
Posts: 10,781
Mentioned: 14 Post(s)
Tagged: 0 Thread(s)
Quoted: 200 Post(s)
Quote:
Originally Posted by ModoVincere View Post
hmmm....maybe we can have a new tea party where we throw non taxpaying college students into the water.
just make sure that their new computers are not with them.
RUOkie is offline   Reply With Quote
Old 01-06-10, 12:30 PM   #21
ModoVincere
Riding Heaven's Highways on the grand tour
 
ModoVincere's Avatar
 
Join Date: Aug 2006
Bikes:
Posts: 1,675
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by RUOkie View Post
just make sure that their new computers are not with them.
But some of them might be floaters then.
__________________
1 bronze, 0 silver, 1 gold
ModoVincere is offline   Reply With Quote
Old 01-06-10, 12:58 PM   #22
Pamestique 
Shredding Grandma!
 
Pamestique's Avatar
 
Join Date: Jun 2006
Location: So Cal
Bikes: I don't own any bikes
Posts: 4,798
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 2 Post(s)
UA - don't get me wrong - I think you a nice guy but I now know waaaaay too much about you. Just consider this the next time you try to tell me something in P & R... I have been working and supporting myself, putting myself through graduate school etc, for the last 40+ years. You are the true equivalent of a young whippersnapper! Get out and make it on your own for about 10 - 15 years, then tell me how I should believe or behave. Of course I say this all in jest...

getting back to the original topic... It might behoove you to pay some money (yes I Know you have none) to let an accountant work with you at least this first year. Once that's done each sucessive non working year should be easy!
__________________
______________________________________________________________

Private docent led mountain bike rides through Limestone Canyon. Go to letsgooutside.org and register today! Also available: hikes, equestrian rides and family events as well as trail maintenance and science study.
Pamestique is offline   Reply With Quote
Old 01-06-10, 01:04 PM   #23
chevy42083
steel lover
 
Join Date: Apr 2007
Location: Houston
Bikes: Bianchi Alloro, Miyata 710, Fuji Espree Fixie convert
Posts: 1,317
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Do you have any money in bank accounts? The interest is income.
They should give you a 1090. I think?
chevy42083 is offline   Reply With Quote
Old 01-06-10, 01:06 PM   #24
mikeybikes
Senior Member
 
mikeybikes's Avatar
 
Join Date: May 2009
Location: Edgewater, CO
Bikes: Tons
Posts: 3,214
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by chevy42083 View Post
Do you have any money in bank accounts? The interest is income.
They should give you a 1090. I think?
Only if its above $10. And its a 1098-INT

With current interest rates, you'd have to have lotsa money to make more than $10/yr in interest on a bank account.
mikeybikes is offline   Reply With Quote
Old 01-06-10, 06:53 PM   #25
deraltekluge
Senior Member
 
deraltekluge's Avatar
 
Join Date: Sep 2006
Bikes: Kona Cinder Cone, Sun EZ-3 AX
Posts: 1,195
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
You can always file a return, whether you had income or not. You can even get a computerized return preparation for free. http://www.irs.gov/efile/article/0,,id=118986,00.html
deraltekluge is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -6. The time now is 02:59 PM.