Age limit on taxes

#13 04-25-2005, 02:42 AM

Harlan Lunsford wrote:
- quote -

> D. Stussy wrote:
> > RJ wrote:

> > > Is there an age limit for paying taxes? My 80 year old dad
> > > seems to think that he shouldn't have to pay any more.

> > No age limit.

> On an allied issue, amazing how many people thing that once
> you're drawing social security, you're no longer FICA taxed.

I ran into one of those this year. He was most offended to
find he owed self-employment tax on his Schedule C income.

Personally I think both income tax and FICA should stop at
age 69 -- a nice round number (which I will reach in June 05
<G> )

Katie in San Diego

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#12 04-23-2005, 12:10 AM

- quote -

> > > > > Is there an age limit for paying taxes? My 80 year old dad
> > > > > seems to think that he shouldn't have to pay any more.

> > > Yes there is. It's one year after you DIE! (MUUHHAHHAAAHHAAAA!

> > Only if your estate closes in that year. Otherwise, you
> > keep paying taxes.

> I was referring to the 1040 only and personally filing
> and/or paying.

Right. There are still 1041's being filed for income that
would belong to J. Paul Getty if he were still alive.

Stu

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#11 04-21-2005, 06:18 AM

- quote -

> > > > Is there an age limit for paying taxes? My 80 year old dad
> > > > seems to think that he shouldn't have to pay any more.
> > > > > > > Heck, I'm only 56, and I don't think I should have to pay
> > > > any more. Sadly,

> > > both your father's and my wishes aren't in accord with the
> > > law. There's no age limit.

> > Yes there is. It's one year after you DIE! (MUUHHAHHAAAHHAAAA!

> Only if your estate closes in that year. Otherwise, you
> keep paying taxes.

I was referring to the 1040 only and personally filing
and/or paying.

ChEAr$,
Harlan Lunsford

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#10 04-20-2005, 10:06 PM

Harlan Lunsford wrote:
- quote -

> Phil Marti wrote:
> > "RJ" <rjjensen[at]hotmail.com> wrote:

> > > Is there an age limit for paying taxes? My 80 year old dad
> > > seems to think that he shouldn't have to pay any more.

> > > Heck, I'm only 56, and I don't think I should have to pay
> > > any more. Sadly,

> > both your father's and my wishes aren't in accord with the
> > law. There's no age limit.

> Yes there is. It's one year after you DIE! (MUUHHAHHAAAHHAAAA!

If you are un-dead, does that mean you escape taxation?
Therefore, IRS agents are exempt from taxation.

--
Frederick E. Jorden http://Tax-Accounting-Payroll.com
7825 Midlothian Tpk - 207 Richmond, VA 23235-5247
EMAIL knowtax[at]bigfoot.com
(804) 320-6210 FAX (804) 320-6211

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#9 04-20-2005, 08:50 PM

- quote -

> > > Is there an age limit for paying taxes? My 80 year old dad
> > > seems to think that he shouldn't have to pay any more.
> > > > > Heck, I'm only 56, and I don't think I should have to pay
> > > any more. Sadly,

> > both your father's and my wishes aren't in accord with the
> > law. There's no age limit.

> Yes there is. It's one year after you DIE! (MUUHHAHHAAAHHAAAA!

Only if your estate closes in that year. Otherwise, you
keep paying taxes.

"Death and taxes"--I only wish they came in that order.

Seth

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#8 04-19-2005, 02:56 PM

D. Stussy wrote:
- quote -

> RJ wrote:

> > Is there an age limit for paying taxes? My 80 year old dad
> > seems to think that he shouldn't have to pay any more.

> No age limit.

On an allied issue, amazing how many people thing that once
you're drawing social security, you're no longer FICA taxed.

ChEAr$,
Harlan Lunsford, EA n LA

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#7 04-19-2005, 02:56 PM

Phil Marti wrote:
- quote -

> "RJ" <rjjensen[at]hotmail.com> wrote:

> > Is there an age limit for paying taxes? My 80 year old dad
> > seems to think that he shouldn't have to pay any more.

> > Heck, I'm only 56, and I don't think I should have to pay
> > any more. Sadly,

> both your father's and my wishes aren't in accord with the
> law. There's no age limit.

Yes there is. It's one year after you DIE! (MUUHHAHHAAAHHAAAA!

ChEAr$,
Harlan Lunsford, EA n LA

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#6 04-18-2005, 03:53 PM

RJ wrote:

- quote -

> Is there an age limit for paying taxes? My 80 year old dad
> seems to think that he shouldn't have to pay any more.

No age limit.

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#5 04-18-2005, 03:53 PM

"RJ" <rjjensen[at]hotmail.com> wrote:

- quote -

> Is there an age limit for paying taxes? My 80 year old dad
> seems to think that he shouldn't have to pay any more.

Does he believe the moon landing was fake too?

--
David M. Woods, EA, ChFC, CLU
Woods Financial Services
Norwood, MA 02062
www.woods-financial.com

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#4 04-18-2005, 03:53 PM

"RJ" <rjjensen[at]hotmail.com> wrote

- quote -

> Is there an age limit for paying taxes? My 80 year old dad
> seems to think that he shouldn't have to pay any more.

> It's all income based. If his income is sufficient enough, he files.

--
Paul A. Thomas, CPA
Athens, Georgia

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#3 04-18-2005, 03:34 PM

rjjensen[at]hotmail.com (RJ) asked:

- quote -

> Is there an age limit for paying taxes? My 80
> year old dad seems to think that he shouldn't
> have to pay any more.

No such thing.

- quote -

> I once had a 101-year old T/P come to my Tax-Aide site. She thought
they ought to let people over 100 forget about taxes. (Not a bad idea

-- and probably wouldn't cost the gov much, either.) Since her actual
income was under the amount required for filing a return, I was happy to
inform her that in her case, she _could_ "forget it."

- quote -

> But I warned her that if she won the lottery, or had some other windfall
the next year, she would have to go back to filing. (One can't really

be too careful about kidding around when it comes to taxes. <G> )

Bill

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#2 04-18-2005, 03:34 PM

RJ wrote:

- quote -

> Is there an age limit for paying taxes? My 80 year old dad
> seems to think that he shouldn't have to pay any more.

I started thinking that when I HIT 18 !!! <grin
MTW

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#1 04-18-2005, 03:15 PM

- quote -

> No age limit... It goes from birth to death and after if there is
income. He may not need to file if there is not enough taxable income,

but the only way to find that out is to run the numbers.

Missy Doyle

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04-18-2005, 03:15 PM

"RJ" <rjjensen[at]hotmail.com> wrote:

- quote -

> Is there an age limit for paying taxes? My 80 year old dad
> seems to think that he shouldn't have to pay any more.

> Heck, I'm only 56, and I don't think I should have to pay any more. Sadly,
both your father's and my wishes aren't in accord with the law. There's no

age limit.

--
Phil Marti
Clarksburg, MD

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#-1 04-17-2005, 04:48 AM

Is there an age limit for paying taxes? My 80 year old dad
seems to think that he shouldn't have to pay any more.

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

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