DarterBlue Posted January 4, 2019 Report Share Posted January 4, 2019 That rely on a tax refund to meet major expenses or pay off debts you had better pray that the shutdown gets resolved soon. The IRS is operating at 12.5% capacity, never mind the fact this year was always going to be trying with the implementation of the new tax laws for the first time. So, those needing tax assistance or their refunds deposited timely, are possibly going to be in a world of hurt! 1 1 Quote Link to comment Share on other sites More sharing options...
Troll Posted January 4, 2019 Report Share Posted January 4, 2019 3 minutes ago, DarterBlue said: That rely on a tax refund to meet major expenses or pay off debts you had better pray that the shutdown gets resolved soon. Not for nothing, but people that are stupid enough to "rely on a tax refund to meet major expenses or pay off debts" are not going to listen to any financial advise, and they would not even be impacted either... They all get the money when they file... ... and pay the small % to their tax preparers to get it today! They get their money before you do....🤣 1 Quote Link to comment Share on other sites More sharing options...
DarterBlue Posted January 4, 2019 Author Report Share Posted January 4, 2019 8 minutes ago, Troll said: Not for nothing, but people that are stupid enough to "rely on a tax refund to meet major expenses or pay off debts" are not going to listen to any financial advise, and they would not even be impacted either... They all get the money when they file... ... and pay the small % to their tax preparers to get it today! They get their money before you do....🤣 If there is uncertainty as to when the refund will ever be forthcoming, the preparer will either not advance cash to the filer, or they will ding them for a much larger percentage to the extent the law allows. Either way, if the IRS is not fully operational by the last week of January there are going to be a huge, huge problems. For one, questions that emanate from the new Tax Laws will not get answered. This will result in a lot of filing errors. For another, there will be less cash in the economy during a time when signs are pointing to a slowdown. In all honesty, putting all questions of politics aside, this is potentially a huge deal. Trust me on the above. Quote Link to comment Share on other sites More sharing options...
Troll Posted January 4, 2019 Report Share Posted January 4, 2019 1 minute ago, DarterBlue said: In all honesty, putting all questions of politics aside, this is potentially a huge deal. Trust me on the above. yes …..every time they do this it sure is... You think this one will be especially worse than under the last administration? Quote Link to comment Share on other sites More sharing options...
DarterBlue Posted January 4, 2019 Author Report Share Posted January 4, 2019 1 minute ago, Troll said: yes …..every time they do this it sure is... You think this one will be especially worse than under the last administration? It depends on how long it drags out and how it is spun. With that said, currently the IRS is at 12.5% staffing. As such the phones are not being answered and refunds will not be processed unless the shutdown is resolved or unless there is some other work around to staff the this agency back to full capacity very soon. If things stay as they are, it will create chaos for individuals that prepare taxes professionally. 1 Quote Link to comment Share on other sites More sharing options...
Troll Posted January 4, 2019 Report Share Posted January 4, 2019 Just now, DarterBlue said: It depends on how long it drags out and how it is spun. With that said, currently the IRS is at 12.5% staffing. As such the phones are not being answered and refunds will not be processed unless the shutdown is resolved or unless there is some other work around to staff the this agency back to full capacity very soon. If things stay as they are, it will create chaos for individuals that prepare taxes professionally. guess that will just pressure those politicians huh.... You think they are sweating it yet? You know stuff does not ever get done in Washington until the pressure is on right? 1 Quote Link to comment Share on other sites More sharing options...
DarterBlue Posted January 4, 2019 Author Report Share Posted January 4, 2019 2 minutes ago, Troll said: guess that will just pressure those politicians huh.... You think they are sweating it yet? You know stuff does not ever get done in Washington until the pressure is on right? I don't think many of them are even aware of this issue yet. One other thing I will add. I sure as hell would not want to be an employee of this agency this year! 1 Quote Link to comment Share on other sites More sharing options...
Troll Posted January 4, 2019 Report Share Posted January 4, 2019 Just now, DarterBlue said: I don't think many of them are even aware of this issue yet. One other thing I will add. I sure as hell would not want to be an employee of this agency this year! You said until the last week of January (until major clustrfk)…. As this all can be resolved in the time of a couple 'yes votes'... I'm not to sure I'd run around like chicken little jus yet. You think these people are really going to be able to hold out that long?... Quote Link to comment Share on other sites More sharing options...
DarterBlue Posted January 4, 2019 Author Report Share Posted January 4, 2019 6 minutes ago, Troll said: You said until the last week of January (until major clustrfk)…. As this all can be resolved in the time of a couple 'yes votes'... I'm not to sure I'd run around like chicken little jus yet. The actors involved lead me to think that there is close to a 50% chance it may not be resolved. The thing is, under normal circumstances, filers can usually file in late January; but the IRS could end up delaying this. Also, many payroll filings are due at the IRS from companies no later than the end of January (e.g. W-2s and the related IRS package forms). Forms 1099 and related IRS summaries are due shortly thereafter. I am just somewhat concerned that this will end up being ignored in the political process. As an individual that spent a good chunk of his professional career in the USA with a large CPA firm (I was not on the tax side, though I have a decent amount of tax knowledge), I guess I am just more sensitive to the issues that could arise from this. 1 Quote Link to comment Share on other sites More sharing options...
Troll Posted January 4, 2019 Report Share Posted January 4, 2019 3 minutes ago, DarterBlue said: I am just somewhat concerned that this will end up being ignored in the political process. you are probably right there. lol Post away and put some pressure on these Politicians then...👍 That is probably what they want right now as well....so you should be good to go... Quote Link to comment Share on other sites More sharing options...
Troll Posted January 4, 2019 Report Share Posted January 4, 2019 8 minutes ago, Sportsnut said: Employee's are really going to feel the pain as the got paid last week but will not get the next one. You mean all those 'NON-ESSENTIAL' ones right? Quote Link to comment Share on other sites More sharing options...
DarterBlue Posted January 4, 2019 Author Report Share Posted January 4, 2019 14 minutes ago, Sportsnut said: Not stupidity but necessity. Not everyone is the same and life sure as hell is not the same for all. His statement is part of the problem with America. Those that rule us are as detached as he is. They don't realize that many decisions are made out of desperation and not ignorance. In the end, I don't think we end up somewhere pretty. 1 Quote Link to comment Share on other sites More sharing options...
Troll Posted January 4, 2019 Report Share Posted January 4, 2019 12 minutes ago, Sportsnut said: Not stupidity but necessity. Not everyone is the same and life sure as hell is not the same for all. Borrowing is not a requirement, and even more stupid if you do not have the money to pay. The only requirement you have to never go broke in life, is never to live beyond your means... That most do not recognize this, and that most attempt to live beyond their means.... is definitely not necessity..it is stupidity... Quote Link to comment Share on other sites More sharing options...
DarterBlue Posted January 4, 2019 Author Report Share Posted January 4, 2019 7 minutes ago, Sportsnut said: It is essential that they get paid. They too are human and and have needs just as you do. I would think in most countries those that are in charge of collecting and administering the Federal Revenue process would be considered essential. But here not so much ... welcome to $22 trillion and counting bequeathed us by members of congress and the executive branch of both parties. Quote Link to comment Share on other sites More sharing options...
DarterBlue Posted January 4, 2019 Author Report Share Posted January 4, 2019 Just now, Troll said: Borrowing is not a requirement, and even more stupid if you do not have the money to pay. The only requirement you have to never go broke in life, is never to live beyond your means... That most do not recognize this, and that most attempt to live beyond their means.... is definitely not necessity..it is stupidity... That sentence assumes that everyone earns enough to live within their means. This, particularly today, is not the case for many that hold a full time job. Quote Link to comment Share on other sites More sharing options...
Troll Posted January 4, 2019 Report Share Posted January 4, 2019 1 minute ago, DarterBlue said: His statement is part of the problem with America. Those that rule us are as detached as he is. They don't realize that many decisions are made out of desperation and not ignorance. In the end, I don't think we end up somewhere pretty. Blaming stupidity on desperation and yet claiming non-ignorance? LOLOL So if you know it's wrong and yet you do it anyway....it is now the governments fault.... What was it you said about "part of the problem with America"? 🤣 Quote Link to comment Share on other sites More sharing options...
Troll Posted January 4, 2019 Report Share Posted January 4, 2019 2 minutes ago, DarterBlue said: That sentence assumes that everyone earns enough to live within their means. This, particularly today, is not the case for many that hold a full time job. If you hold a full time job...even at minimum wage... you may not like the lifestyle it affords (and thus try to 'borrow' out of it), but what in the world makes you think you will die in the street? You won't... unless you truly are stupid.... Quote Link to comment Share on other sites More sharing options...
Troll Posted January 4, 2019 Report Share Posted January 4, 2019 24 minutes ago, Sportsnut said: It is essential that they get paid. They too are human and and have needs just as you do. When too many 'non-essentials' rely on Government checks for their needs....this shit can happen... Consider yourself lucky... In private industry you would be pink slipped... ….and NOT retroactively paid ….for your 'no work' vacation.... Quote Link to comment Share on other sites More sharing options...
DarterBlue Posted January 4, 2019 Author Report Share Posted January 4, 2019 38 minutes ago, Troll said: Blaming stupidity on desperation and yet claiming non-ignorance? LOLOL So if you know it's wrong and yet you do it anyway....it is now the governments fault.... What was it you said about "part of the problem with America"? 🤣 Dude, your attempt at pithy humor falls flat on its face. You are an intelligent guy but sometimes I wonder ... 1 Quote Link to comment Share on other sites More sharing options...
DarterBlue Posted January 4, 2019 Author Report Share Posted January 4, 2019 35 minutes ago, Troll said: If you hold a full time job...even at minimum wage... you may not like the lifestyle it affords (and thus try to 'borrow' out of it), but what in the world makes you think you will die in the street? You won't... unless you truly are stupid.... If you hold a full time job at minimum wage and have no other source of income you would die in the streets. The same would even apply in Atlanta or Miami let alone NYC. And you know that so quit the BS. You are not an ignorant troll like @Drummer61 Quote Link to comment Share on other sites More sharing options...
Horsefly Posted January 4, 2019 Report Share Posted January 4, 2019 33 minutes ago, Troll said: When too many 'non-essentials' rely on Government checks for their needs....this shit can happen... Consider yourself lucky... In private industry you would be pink slipped... ….and NOT retroactively paid ….for your 'no work' vacation.... Most people rely on their paychecks to meet their needs. Non essential doesn’t mean their job is not important. That is a false belief being thrown around. Federal contractors are also impacted and aren’t retroactively paid, some will be pink slipped too. 1 2 Quote Link to comment Share on other sites More sharing options...
Troll Posted January 4, 2019 Report Share Posted January 4, 2019 Just now, DarterBlue said: Dude, your attempt at pithy humor falls flat on its face. You are an intelligent guy but sometimes I wonder ... You got it wrong... I'm not blaming the people....I'm blaming the decision... and telling people so they can learn it as well. You seem to promote bad decisions...and then try to explain them away as 'givens'... of course, not of your own doing.... Quote Link to comment Share on other sites More sharing options...
Troll Posted January 4, 2019 Report Share Posted January 4, 2019 1 minute ago, Horsefly said: Most people rely on their paychecks to meet their needs. Non essential doesn’t mean their job is not important. That is a false belief being thrown around. Federal contractors are also impacted and aren’t retroactively paid, some will be pink slipped too. Yes I agree LOLOL.... But you wouldn't expect me to debate it leading in terms that are favorable to the opponent.... would you? 😐 Good that you brought 'balance'....haha Quote Link to comment Share on other sites More sharing options...
Horsefly Posted January 4, 2019 Report Share Posted January 4, 2019 6 minutes ago, Troll said: Yes I agree LOLOL.... But you wouldn't expect me to debate it leading in terms that are favorable to the opponent.... would you? 😐 Good that you brought 'balance'....haha So you debate for the sake of debate and not from a position of true belief? Quote Link to comment Share on other sites More sharing options...
Troll Posted January 4, 2019 Report Share Posted January 4, 2019 13 minutes ago, DarterBlue said: If you hold a full time job at minimum wage and have no other source of income you would die in the streets. The same would even apply in Atlanta or Miami let alone NYC. And you know that so quit the BS. You are not an ignorant troll like @Drummer61 Gee that's a funny statement considering there are a couple thousand people doing it (many with no jobs at all) within a couple block radius of my house. you know, in the NYC suburb... Like I said …..You may not LIKE the lifestyle.... Quote Link to comment Share on other sites More sharing options...
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