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Last Post 12/10/2007 12:32 PM by  rickhans
Question about Pilot Catastrophie Services - Please / Thanx!
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rickhans
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Posts:111


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12/09/2007 12:52 AM

Larry,

Is there a way you can point us to a published opinion.  I feel certain that any of us that should decide to go this route would need to be able to refer to the court ruling for our cpa or whomever others use to agree to doing this.  I think all IRS rulings get posted somewhere but I don't have a clue as to where.

One other question: Did you deduct your expenses using schedule C, self employemet?  If not, which form and where do you take the expenses?

I always enjoy hearing when someone wins a case such as this, but they are few and far inbetween.  It gives me a different opinion now on adusting with a W-2.

 

 

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sbeau4014
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12/09/2007 7:33 AM
Larry,
I may have missed something previously, but you made a comment about no way to get reimbursement of the overpayment of SS taxes, which is incorrect. If you over pay the max in SS taxes, you can get the reimbursement refunded once you do your tax return by filing some other form (I don't remember the name or #). About 10 yrs ago I had 2 employers in a year that were staff jobs and they both took out SS taxes as though I hadn't paid any with the other employer. They told me how to collect back the over payment and I did with 100% of the over payment being reimbursed to me. I may have taken your comment on your last post out of context and if so, sorry about that. I didn't read all the prior ones.
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LarryW
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12/09/2007 3:56 PM
Rick,
While this case wasn'tublished, I believe it can be referenced. I will get the case # and will post it. Yes schedule C.

Steve,
You are correct about overpayment of the maximum amount payable. However, if a vendor withholds and your expenses reduce your actual net income to any amount less than the maximum on which SS is payable, you cannot recover the difference between that which was withheld and that which was really owed on the net income amount.
No one is absolutely worthless, at the very least you can serve as a bad example.
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flyingadjster
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12/09/2007 7:25 PM

OK, could someone please explain to me why the discussion about whether or not "income" taxes are required by sovereign Citizens and would be moved to another thread is any less relevant to this thread than most of the discussion here about how to file tax returns.

A democracy is nothing more than mob rule, where fifty-one percent of the people may take away the rights of the other forty-nine.
Thomas Jefferson
Defend Freedom⁜
This information is provided for educational purposes only and should not be construed as legal advise. Never take the word of an individual providing information that might be of a biased nature. Do the research and try to prove me wrong.
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OdieWyatt
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12/09/2007 9:23 PM

Larry and Rick

Thanks for the helpful information and discussion.

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LarryW
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12/10/2007 6:43 AM
Roni,

The answer was and is that Pilot pays on a W2. What else would you like to discuss about that question?
No one is absolutely worthless, at the very least you can serve as a bad example.
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Tom Toll
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12/10/2007 10:30 AM

Discussing our tax burden on CADO is an interersting conversation, however, using photos to illustrate that some may be idiots will not be permitted. This is a mature conversation that affects all of us. If someone might know of a good CPA that would like to make comments on taxes and the benefits/deficits of 1099 as opposed to W-2, please invite them to this site.

We prepare our own taxes each year, as many of you do. Any advice would be appreciated. As you all know, I preference positive conversations, as nothing can be accomplished by negative commentary, particularly regarding taxation or  attacks on  meaningful comments on this thread. No, I don't like having to pay taxes, but it is one of those necessary evils.

Success is not final, failure is not fatal: it is the courage to continue that counts.
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rickhans
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12/10/2007 12:32 PM

Thanks Tom.  Sorry I got so upset about that.  To sum up what I have learned here, I have definitely changed my opinion about doing "indpendent adjusting" for an IA firm that requires the use of a W-2.  I now would not hesitate to work for Pilot or other such company so long as their contract and other terms are agreeable now that I have learned that I can still deduct all of my expenses.  Once Larry has the case number available, that will go into my notes for future reference and I will be able to run my expenses through my company in a similar manner as I have when contracting on a 1099.

Even though the thread did morph into a technical discussions on taxes, it has been very worthwhile because that is one of mine, and many others I am sure, major concern when working a cat, and was the main reason I have never applied to work for Pilot.  None of us would probably would have learned about this IRS ruling without Larry's input.

 

 

 

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