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60+ year old thread.

Discussion in 'Off-Topic Discussion' started by johneman, Jun 23, 2011.

  1. Mar 2, 2021 at 2:54 AM
    johneman

    johneman [OP] Life is good relaxin' on the porch!!

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    Ken
    Warwick,Bucks PA
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    None as of yet
    Good Morning folks.
    My experience with turbo tax was always a good one until I screwed up and got audited. Got a CPA to straighten it out and have used one ever since. The money it cost is minimal when getting a refund:thumbsup:. They are supposed to launch a Space X rocket tonight at 8 and we should be able to see it from our beach (if its not called off because of expected rain tonight). Time will tell. 11 more days and we head home:( to the homestead. Fortunately we get our second shot on the 7th before we leave.
    Hope you all have a great day. As always be safe and careful.
     
    wanna taco, Sprig, Oldie2007 and 7 others like this.
  2. Mar 2, 2021 at 4:20 AM
    95SLE

    95SLE Starting to get cold outside

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    Tom
    Maryland
    Vehicle:
    09 RWD Access Cab
    Custom XM Install, Window Tint, Intermittant Wiper Install, AVS Bug Deflector, Bed Mat, TRS FX-R retrofits, CIBIE fog and spot lamps, PIAA 510 lamps, Acess LE cover, Weathertech Digital floorr mats, LED interior lighting, Pioneer AVH-2300BT HU, Boston Acoustics speakers, JL Audio Amp, shorty antenna, leather wrap steering wheel cover, Viper security system.
    Thank you for the all the C19 shot updates. You guys are the best.
     
    johneman [OP], Travlr, Sprig and 5 others like this.
  3. Mar 2, 2021 at 4:57 AM
    Devious6

    Devious6 Not your Average College President Emeritus

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    Mark
    Northeast Pennsyltuckyvania
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    Good morning, all!!
     
  4. Mar 2, 2021 at 5:13 AM
    boatswain

    boatswain Well-Known Member

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    carl
    palmerton,PA.
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    Morning all:
    TAXES :annoyed: , I take mine to a tax preparer who is reasonable.
    I recently gave her everything needed for my 2020 taxes, THEN I receive an amended statement, that's the second time that has happened!
     
  5. Mar 2, 2021 at 6:12 AM
    MtnAltitude

    MtnAltitude AKA: Grump-a-saurus

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    Colorado Mtns
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    2020 Tacoma TRD Pro AG, 1999 4-Runner, 1971 FJ40 - all MT
    Good morning all,

    I have been using a CPA ever since I went into business for myself. I do my monthly and quarterly filing and estimated tax payments to state and fed but she set all that up and everything I do is online with the two entities so I can pre populate and set dates of distribution which makes it so easy. My CPA takes a copy of my QuickBooks and 1099's I send out plus she has access to all my tax accounts so it is easy for her and cheap for me - not to mention ease of mind it is done right and backed by her agency. Already filed as nothing to claim in 2020 and refund is being processed as I write.

    Cold morning yet going to get into the low 40's today before the next storm rolls in. Snow & Ice is slowly melting so mud season right around the corner then late spring.

    We have two new neighbors moving in, the place to the north of us was a second home and rented out as a weekend escape - glad that is over with. Can't believe the final sale price - the owners were asking $375K, sold for $400K and is only a two Bedroom, one bath no basement and detached two car garage. The house across the street sold for $550K - no views, boxed in with no buffer lots. We purchased the lot south of us (2.95 acres and highest lot in neighborhood with a great view of the western slope of Pikes Peak) and the lot directly north of us is part of the new neighbors purchase. Makes me wonder what our property is worth now. I would say sell and collect the profits but with prices rising around here where would we go? We have considered Idaho - central - where property is still reasonable as it is hard to get to. No major interstates so California and Texas influx has not bumped those property prices like northern Idaho and western Montana. But then reality slaps me in the face, all of Alice's family are on the east coast and we are not getting any younger.

    No offense to our Californian and Texas friends here it is just a fact that the influx has raised property prices in key areas with easy access.

    Good morning all - be safe
     
    Last edited: Mar 2, 2021
  6. Mar 2, 2021 at 7:05 AM
    Travlr

    Travlr Doomsday Daily Driver

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    On the other hand they are a great way to do your taxes.

    My brother talked me into using an accountant he uses, after I'd used Turbotax for several years, and the bill was $800. I did the taxes on Turbotax and the difference in final result was $15 in my favor with Turbotax.

    I told the accountant to stick it. But my brother pays it gladly and refuses to learn. One of those guys that likes to brag about how much money he spends.
     
  7. Mar 2, 2021 at 7:23 AM
    roundrocktom

    roundrocktom Well-Known Member

    Joined:
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    What camper shells are you guys running? I was reading up on how many people experience leaks. I can deal with a little (let the water have a place to run out) but thinking raised bed (storage underneath) and footwell, tiny galley (dry place to make coffee). Shipbuilding (water-resistant, lightweight).

    I have my recumbent trike that will normally be transported back there. I can pull out when sleeping, otherwise secured while on the road. Blue Ridge Parkway, Katy Trail, and Northern Arkansas bike loops (400 - 700 multiday rides) still on the bucket list.

    Covid - Got my second Maderna vaccine Satuday. Sore arm, worked out yesterday in the gym. The arm is fine; I still need to fix my knees (I'll try fluid injections before replacing both). I've given up running, walking/hiking, and cycling. Swimming when it gets warmer.

    I hear you on property values. I'm near Austin, TX. Just insane to watch houses. Kids paid $250K two years ago. The same house today is $380K. Insane. I lucked out in finding a "fixer-upper" in 2001. The market crashed, three-bedroom. Remarried with four kids. We tore into the 1800 sq ft house. It had a 700 sq ft garage, so poured the slab level, had a mason locate brick the match the rest, and divided it into two bedrooms, a mudroom, and a small office area. Added 3/4 bath. 2500 sq ft 5 bedroom. 1.5 acres. Added a pool and detached 1,500 sq ft garage with 80 sq ft office space. Twenty years later, we are empty-nesters, time to downsize but to stay in the area has gotten crazy. We have about $350K in the house, needs a little TLC, but probably worth $700K. First, out of college, I worked in San Jose, CA. My old boss tried to talk me into buying a four-bedroom for $80K. I was making $36,000 a year (good money back then), so he explained if I had three roommates paying $600 a month and an $1800 mortgage, the house would pay for itself (my portion going into repairs/taxes). It made sense, but I took a job in Germany (Automotive Electronics). Five years later, that house for $400K, but I moved to Portland as the house was $121K (1991). We haven't seen wages keep up with housing, so a huge squeeze on our kids.
     
  8. Mar 2, 2021 at 7:25 AM
    MtnAltitude

    MtnAltitude AKA: Grump-a-saurus

    Joined:
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    Mike
    Colorado Mtns
    Vehicle:
    2020 Tacoma TRD Pro AG, 1999 4-Runner, 1971 FJ40 - all MT

    WOW, don't let that rate get out. I only paid $550 for business and accompanying personal filing and that incudes business Form 1120-S (5 pages) Schedule K-1 (3 pages), Form 8879-S (1 page), Form 1102S (1 page), Form 4562 (1 page), Form 1120S (3 pages) and electronic filing for both business & personal.

    I do have to admit when I set up my business it did cost me more initially to get everything in line where I do the monthly and quarterly filings and payments so I really only use her for questions on changes as the business income varies due to the nature of my business and year end filing for a LLC-S corporation. When I was employed I always completed my own taxes but a business is a whole different animal, I do not have time to educate myself on the annual changes and time to fill out all these forms.

    There are a lot of good software packages out there now to use. I haven't found one that can adjust with the ebb-n-flow of my business yet. Heck $550 is cheaper than my Annual CAD subscription and is still a write-off.
     
  9. Mar 2, 2021 at 7:52 AM
    Travlr

    Travlr Doomsday Daily Driver

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    Intergalactic Infindibulum
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    It is amazing to me that more people aren't fleeing the cities due to economic reasons. Especially entrepreneurs. In my town you can buy a nice home for less than 200K, a commercial property to start a business for 10% of what it costs in an urban environment, and you will still make at least half of what an urban location will generate. The costs are low enough to more than make up for any loss in income. Taxes are lower, few people lock their doors, and the kids play safely in the streets.

    I bought my retirement home for less than 50K and it needed some work, but I moved right in. Taxes are $50 a month and the county gives it all back if you are retired and apply.
     
  10. Mar 2, 2021 at 8:13 AM
    roundrocktom

    roundrocktom Well-Known Member

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    What part of Siberia do you live in? :)

    A friend moved to Duluth, MN. Cheap housing but paid for it in heating oil. He bought a duplex, rented the other side to cover taxes and upkeep. I'm pretty happy where I lived (my first place out of college was a converted chicken coop. 16' x 20' with kitchen and bathroom. The door frame was 5'6"; the ceiling was 6' and I'm 6'3". It was cheap. I lived there and saved money like crazy ($250 a month vs. $1500 apartment).

    I'm still working (great medical insurance), but we need to get out of the area with our property tax bill. Kids are here (Three in the Area, one moved to San Diego).
     
    06Tacooo, Oldie2007, Travlr and 3 others like this.
  11. Mar 2, 2021 at 8:34 AM
    Travlr

    Travlr Doomsday Daily Driver

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    LOL... A hundred sixty miles from Moab on I-70 west. I lived in Minnesota a long time ago and had great fun building forts in the six foot drifts... but that's not for me anymore. It'll be fifty today or more and in the ten years we've been here the most snow I've seen on the ground is about a foot. The only downside is the Mormon influence, but the more normal people that move here the better it is.
     
  12. Mar 2, 2021 at 9:58 AM
    Sprig

    Sprig Well-Known Member

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    Ken
    N. Calif. The Twilight Zone
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    If you like high taxes, high cost of living and astronomical housing prices then California is the state for you. In 1975, in my late 20’s I bought my first house in Fremont,California.
    3 bedroom, 2 bath rancher at the end of a court, 1200 sq. Ft. I paid 36,000. I found out that same old house sold for $1,000,000+ 2 years ago. We had our current home built 8 years ago and it is now worth a little more than twice what we paid.
    When we sold our prior home we had 8 offers in 2 days all over asking price. We took the highest cash offer.
    As far as taxes we’ve used a CPA for 15 years. Our taxes are kind of complex especially with our investment portfolio. It only costs a couple hundred a year and I feel confident that the taxes are being done correctly and no worries should we be audited.
    Travir - sounds like you live in Utah. We really like everything about Utah. We have good friends who moved from California to Dammeron Valley in southern Ut. Beautiful area. We’re heading there in 2 weeks to visit. Love that area. The main problem with Utah especially S. Ut. Is there are thousands of people moving to that area and they don’t have the water to support the population. And it will get worse as more move there. In fact St. George Ut. is or was the fastest growing area in the US. There are more that 10000 new homes planned to be built in that area.
     
    Last edited: Mar 2, 2021
  13. Mar 2, 2021 at 10:10 AM
    Travlr

    Travlr Doomsday Daily Driver

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    Yeah, the water issues will hit the fan someday and I'm actually surprised they haven't already. Lake Mead is a hundred feet lower than it was twenty years ago, and Powell is drying up too. Las Vegas has been trying to buy up every drop of water in the west desert. Central Utah has more water as long as there is a snow pack in the mountains, but that fluctuates quite a bit at times. It's all a crap shoot no matter where you choose to live now.
     
    johneman [OP], Sprig and MtnAltitude like this.
  14. Mar 2, 2021 at 10:50 AM
    Travlr

    Travlr Doomsday Daily Driver

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    I had to google Dammeron Valley. That's some remote stuff out there, I would think. West Utah is pretty empty.
     
    Oldie2007, johneman [OP] and Sprig like this.
  15. Mar 2, 2021 at 10:56 AM
    roundrocktom

    roundrocktom Well-Known Member

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    The last time I was in SLC, I was impressed with the number of brewpubs. That was in 2018. Before that, having a beer with dinner was impossible.

    Pretty countryside. My biggest challenge is my health. I have a great medical team, but things keep going south. I bounce back, keep working out, and giving it my best. When I lived in Germany, I loved cross-country skiing. I can not tolerate cold weather, so I prefer Texas. I'll head north for summertime camping.

    It's funny; we are on a well. This last time with no power and using up our 5-gallon jugs just to flush a toilet, you really start to think of water conservation. Our well water is 1800 ppm salt, very hard on the kidneys. So bottled water is delivered in 5-gallon jugs. We had five dogs and two people, so about 15 gallons of drinking water a week. Down to three dogs but still vary 10 to 12 gallons a week. Reserve is always 25 gallons, but when you need 2.5 gallons to flush, that goes fast (we used two toilets, one flush a day). His and Hers.

    Weight and Balance. Too many years of flying. So well aware of how easy it is to eat up a 955-pound payload in the truck. The rubber mat for the truck arrived (maybe 40 pounds? need to weigh). Aluminum RCI skid plate on order (mainly to keep meth heads away from the cat). 68 pounds? 840 payload off. Suppose both dogs go with me camping, down to under 500 pounds. All adds up quickly. I have silly running boards (26 pounds) but would like to add real 120 wall DOM sliders. Typically matching, I'd go up 50% and fab something in aluminum for about the same strength but save 50% of the weight. Sliders are cheap insurance for off-roading to prevent crushing a rocker panel and having a door no longer fit. DCLB already has a long wheelbase, so sliders make a little more sense.

    Getting late, need lunch, and get in a 45-minute walk. Too much dopamine, and boy, I get verbose. Too little; I don't move.
     
  16. Mar 2, 2021 at 11:13 AM
    Sprig

    Sprig Well-Known Member

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    Ken
    N. Calif. The Twilight Zone
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    Actually it’s only about 15 miles from st George. Friends have horses so they needed some land
     
    Oldie2007, johneman [OP] and Travlr like this.
  17. Mar 2, 2021 at 11:27 AM
    boatswain

    boatswain Well-Known Member

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    carl
    palmerton,PA.
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    Afternoon all:

     
  18. Mar 2, 2021 at 11:43 AM
    Travlr

    Travlr Doomsday Daily Driver

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    It's kind of funny... SLC is an oasis inside the vast desert of alcohol free zones in Utah. We just had a bar reopen here in Salina after being closed for a couple of years. We have one open in Richfield up the road. In the early 1900s there were almost thirty bars in Salina, and several cat houses. Mormons were once normal people.
     
    Last edited: Mar 2, 2021
    Oldie2007, Sprig and MtnAltitude like this.
  19. Mar 2, 2021 at 12:44 PM
    Sprig

    Sprig Well-Known Member

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    N. Calif. The Twilight Zone
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    Tacoma TRD double cab 4x4, Barcelona Red
    Funny Salt Lake story. I believe it was in the 80’s a friend and I were driving to Montana for a backpacking and trout fishing trip. We stopped in SLC to spend the night. We went out to a nice steak house for dinner. When ever it was it was just after they had allowed alcohol to be sold in restaurants. My friend and I each ordered a Jack Daniels over ice. As we found out they clearly had no idea what they were doing pouring drinks. When they brought us the JD the drinks were in water glasses , big water glasses. A few pieces of ice and filled the rest of the way to the top with JD. I’d estimate it was the equivalent of about 10 drinks. We just sat and stared at these giant drinks. As I recall they were under $4 each. We finished about half (we didn’t want to drink any more) when the waitress asked us if we wanted another. We looked at her and then at each other and fell out in uncontrollable laughter. She thought we were nuts. The following year we stopped at the same place.The drinks were double the price and we got maybe one shot in the glass.
     
  20. Mar 2, 2021 at 1:41 PM
    MQQSE

    MQQSE Bannable

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    Rob III
    Monkey Mountain
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    Awaiting parts
    Found it Sir :)

    Hope all the cool old dudes (and Susan ) here are well.
     
    Oldie2007, ImpulseRed008, wdb and 3 others like this.

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