<cf_rant target="IRS"> IRS Rant!
Even tho my wife and I moved home to Canada we still have to file US taxes this year. No problems I figured. We both paid maximum with holding all year so everything should be fine. I figured WRONG! My wife and I cashed in our 401ks, and because of that we had to pay the 20% federal tax penalty when we cashed them in. No worries I figure it covers the taxes and it will all wash out in the end. WRONG - we get charged more tax and penalties, and by the time we figure it out we end up losing close to 40% of the total 401k. Just to make sure that they haven't bent us over far enough, we also find out that we have to pay on my wife's stock grant from the company she left. When her stocks were granted they were at $0.25/share. They are now valued at $1.27/share. Even though we haven't sold them and made any profit on them we had to pay taxes on the $1.02 difference. On 25,000 shares of stock that adds up to the tune of almost $5k. If the stock ends up worthless I'm out the 6500 we paid for them plus the 5000 in taxes. What bullshit! Instead of breaking even this year as I expected we're now sending those &$%*ers $9500. I guess it's better than the 19k they nailed me for 2 years ago THIS SUCKS! </cf_rant> ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Message: http://www.houseoffusion.com/lists.cfm/link=i:5:200476 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
