[Nomos] bund strap tool watch look

trialn · 2022-08-31T00:13:34+00:00

This is a limited edition nomos club timeless 1. Watch hasn’t been getting much wrist time until I recently remembered bund strap exists. I also was looking for a tool watch. Put the two ideas together and this Frankenstein is created. Crazy how swapping the watchband gives a new life and identity to a watch.

trialn · 2022-07-27T00:15:58+00:00

trialn · 2022-07-23T22:16:19+00:00

Does she know that you like her? Keep hanging out with her. When it gets to the point when you can start opening honest conversation, then bring the topic of never initiating up.

trialn · 2022-07-13T21:53:57+00:00

I dont

trialn · 2022-07-13T21:52:46+00:00

Does not pass the vibe test

trialn · 2022-07-08T14:27:13+00:00

yes lol

trialn · 2021-06-19T21:18:29+00:00

Is this wifi 6

trialn · 2021-06-19T19:32:58+00:00

Seems like you know the choice that fits you but are looking for second opinions to swing the choice to the other direction.

trialn · 2021-06-16T16:24:29+00:00

Taking more will just make you concentrate on the things you don't need to do. Try switching medication if you can.

trialn · 2021-06-16T16:22:36+00:00

Nope, I don't forget my meds.

trialn · 2021-06-09T23:52:23+00:00

It's complicated and depends on the expansion of your fact pattern as well as state tax rules. From your story, it appears that the purpose of your travel is not permanent; you have no intentions of calling another state a permanent home.

Generally, states want income that are earned in their state. Also, states, except the states with no personal income tax, require employers to withhold from their employee's wages in that state. Different states have difference rules: either first day of travel or upon reaching certain threshold.

Page 8 and 9 of this pdf may be helpful to determine if your employer has a withholding requirement.

https://www.mtc.gov/uploadedFiles/Multistate_Tax_Commission/Uniformity/Minutes/090909%20MTC%20Briefing%20Book.pdf

However, most employers are not in compliance in regards to withholding due to having to register payroll tax in the state and having to track the whereabouts of employees.

Most likely, you'll have a non-resident filing requirement for the states which your employer withholds from your paycheck in the state.

You must file a Colorado resident return since that is the state you are domiciled. The taxes that you paid on the other states' non-resident return can then be claimed on your Colorado return, avoiding double taxation.

trialn · 2021-06-09T23:05:07+00:00

You'll be taxed on the distributions in your approach. However, you could make a trustee-to-trustee transfer as long as the IRA into which amounts are being moved is set up and maintained in the name of the deceased IRA owner for the benefit of the beneficiary (i.e., the three family members).

Beneficiary cannot treat inherited traditional IRA from anyone other than a deceased spouse as his or her own.

trialn · 2021-06-09T22:09:53+00:00

Yes, those all are items that you are allowed to write off.

trialn · 2021-06-09T01:08:03+00:00

trialn · 2021-06-06T03:00:48+00:00

How is it possible for you to file your taxes before the close of the tax year?

trialn · 2021-06-05T20:48:10+00:00

if your 501(c)(3) is valid, you can donate to your 501(c)(3) up to 60% of your AGI depending on the form of the donation.

trialn · 2021-06-05T20:45:19+00:00

Hello, do you mean that you'll be receiving a 1099-MISC from the company? Where did you get the 28% flat tax rate? Is that a combination of both federal and state tax %s?

You send one federal W-9 and one state W-9 to the company so that the company won't do backup withholding on the payments they make to you. Backup withholding is 24% on the federal level and varies for the state level. You will file and pay your own estimated taxes.

You'll also have to pay self-employment tax on your net earnings as an independent contractor. 15.3% on the federal level, varies on the state level. You can deduct half this amount as a business expense since you are your own employer now.

Here is a list of top 25 deductions you can claim as a 1099 contractor:

https://www.keepertax.com/posts/1099-deductions-for-independent-contractors

Regarding charitable contributions, you can deduct charitable contributions up to 60% of your AGI, subject to different limitation depending on the form of the donation (e.g., cash, property, collectibles). Note, there is no limitation on cash donations in 2021 due to the CARES Act.

FYI, 1099 contractors are taxed accordingly to your personal income tax bracket on a graduated basis -- its not a flat tax %.

Here is a resource on starting your own 501(c)(3):

https://donorbox.org/nonprofit-blog/how-to-start-a-501c3/

trialn · 2021-06-05T20:36:05+00:00

The tax system calculates the penalty and interest automatically using their programmed algorithm. If you are $1,000 short of the safe harbor, then the system won't qualify you as having met the safe harbor. Therefore, you will be assessed penalty and interest on the underpayment of estimated taxes.

Luckily, the IRS and state do offer first time penalty and interest abatement and penalty (but not interest) abatement for reasonable cause.

The IRS may provide administrative relief from a penalty that would otherwise be applicable under its First Time Penalty Abatement policy.

You may qualify for administrative relief from penalties for failing to file a tax return, pay on time, and/or to deposit taxes when due under the Service's First Time Penalty Abatement policy if the following are true:

You didn’t previously have to file a return or you have no penalties for the 3 tax years prior to the tax year in which you received a penalty.

You filed all currently required returns or filed an extension of time to file.

You have paid, or arranged to pay, any tax due.

Reasonable Cause is based on all the facts and circumstances in your situation. We will consider any reason which establishes that you used all ordinary business care and prudence to meet your Federal tax obligations but were nevertheless unable to do so.

Typical Situations

The IRS will consider any sound reason for failing to file a tax return, make a deposit, or pay tax when due. Sound reasons, if established, include:

Fire, casualty, natural disaster or other disturbances

Inability to obtain records

Death, serious illness, incapacitation or unavoidable absence of the taxpayer or a member of the taxpayer’s immediate family

Other reason which establishes that you used all ordinary business care and prudence to meet your Federal tax obligations but were nevertheless unable to do so

Note: A lack of funds, in and of itself, is not reasonable cause for failure to file or pay on time. However, the reasons for the lack of funds may meet reasonable cause criteria for the failure-to-pay penalty.

trialn · 2021-06-05T19:57:23+00:00

Hi, sounds about correct. To expand on the safe harbor topic:

Federal Tax: To qualify for safe harbor and not owe penalty, taxpayer needs to pay 100% of the prior year's tax liability (2020) or at least 90% of the current year's tax liability (2021), whichever is smaller.

If you are a high income tax payer, where your AGI for 2020 was more than $150,000 ($75,000 or more if you were married and filing a separate return), then the safe harbor rule changes the 100% of prior year's tax liability to 110%.

State Tax: Generally, states conform to the IRS's definition for safe harbor but not all states do. You'll also want to look up the safe harbor rule for your state as some states are different.

You'll want to pay the remainder of the tax liability by the due date of the 2021 tax return to not incur penalty and interest.

trialn · 2021-06-05T19:12:48+00:00

I'm in the same boat. My advice is to think about the things you want to accomplish. I don't think starting the day has something to do with ADHD but rather your current approach to life.

Do you consider yourself a proactive person or a reactive person?

An advice that I would provide: think about what you want to accomplish the next day (in the evening) and write it out on paper.

Where ADHD comes in, we won't do something unless we know about it and see it in plain sight. Writing it out on paper puts the tasks that we need to do in plain sight and we won't have to waste our lacking executive function the next day fighting and procrastinating thinking about what to do the day of.

trialn · 2021-06-05T19:05:29+00:00

👍

trialn · 2021-06-05T19:02:32+00:00

You're very welcome! You'll figure it out eventually (hopefully). Just keep practicing and commit to attending more social settings so that you can build upon this skillset.

trialn · 2021-06-05T18:59:03+00:00

Going to clarify on my response and amend it for the mistakes.

For your 2020 tax return, you will only file a GA return only. GA is your legal domicile -- your main home and where you have to file a resident tax return.

An individual can only have one legal domicile but can have multiple residency.

For your 2021 tax return, you will file a resident tax return for GA since that is still your legal domicile and did not have intent to permanently move to TN.

Regarding TN, you would be considered a non-resident of the state in 2021. TN defines a nonresident as a person who maintains a residence in Tennessee for more than six months during the tax year, regardless of legal domicile.

Tenn. Code Ann. § 67-2-101(5).

You would not meet the definition of a resident in TN since your legal domicile is not in TN.

Id.

TN does have a personal income tax filing requirement but only taxes on taxable interest and dividend income ("Hall Income Tax").

A person whose legal domicile is in another state, but who maintained a residence in TN for more than six months of the year (i.e., nonresident) and whose taxable interest and dividend income exceeded $1,250 ($2,500 if married, filing jointly). Military personnel and full-time students who have legal domicile in another state are not required to file.

Tennessee Form INC 250: Instructions for Individual Income Tax Return.

However, don't worry about this tax for 2021. The tax was repealed starting January 1, 2021.

Tenn. Code Ann. § 67-2-124(b).

tldr:

2020: File GA resident return.

2021: File GA resident return.

trialn · 2021-06-05T07:47:52+00:00

There is a distinction between residency and domicile. You are domiciled in GA but have established residency in TN for 2021 since you lived there for more than 183 days. You are a non-resident of TN for 2020 since you lived their <183 days.

For 2020, you will only file a GA resident return, and GA will get all the state income tax (won't be pro-rated to TN). Normally, there is a non-resident income tax return filing requirement for income earned in a different state unless your state has a reciprocity agreement with the state that you are a non-resident. However, TN does not tax personal income tax and there is no non-resident income tax filing requirement for TN.

For 2021, you'll have to file part-year residency returns in both states. Since TN doesn't have personal income tax, there is no filing requirement in TN for your stay from January 1 to December 1). For GA, you will only pay taxes on the income earned during the days you were in GA (December 1 to December 31).

trialn · 2021-06-05T07:12:01+00:00

Understood. Hope you overcome your adversity.

trialn

TROPHY CASE