dstark

That's true.........

BCEagle91

Was thinking of buying the calls back as 90% of the value is gone but I'd like to see what happens through OEX. INTC calls are still about where they were when I sold them. even with only a week left. Those might get called out though I think that the odds are that they won't. It will be nice getting 70 cents out of it whether it gets called out or not.

The one wildcard is that INTC reports this week and I'm guessing that earnings will be really good. Options expirations seems to trump earnings from what I've seen.

dstark

I am not sure what your last comment means.

The odds are that AAPL's May option volatilty will drop after earnings....

BCEagle91

With INTC, they can have great earnings during OEX and the stock will do nothing. Then it goes up the following week.

dstark

Ok.............

jym626

Suggestion--
Maybe it would be helpful to have (e.g. start) *one thread* about investments, stock discussions, etc, as they seem to pop up in many different threads.

shawbridge

jym, probably a good idea as a) there seems to be strong interest among some; and b) it may be of less interest to others. I'm busy enough that I've had to entrust specific investments to others. The investments I make these days are of time are in my business, my kids, my relationships, and time/money in charitable/do-gooding activities.

jym626

Thanks, shawbridge. dstark started this thread The investment..speculation, out right gambling thread for discussion of investments, stocks and such

performersmom

Great name, dstark!!! Should pull in a few more gamers!!!!!!!!!!!

dstark

Well.....where are you?

BCEagle91

A smaller number of audits means a drop in federal revenue, as more tax cheats get a free pass. A lean IRS staff translates into less help for taxpayers seeking assistance at the same time the agency is dealing with exploding identity theft and complex changes in tax law.

This season’s budget cuts left the IRS with 5,000 fewer workers than it had in 2011, according to a Treasury Department employees group.

Stressed resources are hurting taxpayers seeking advice as the Tuesday filing deadline approaches. “Taxpayers seeking help by phone are waiting on hold for as long an hour, and every day there are very long lines of people waiting at Taxpayer Assistance Centers around the country,” Colleen M. Kelley, president of the National Treasury Employees Union, which represents workers at the IRS, said in a statement last week.

With resources stretched, IRS may audit fewer folks | ajc.com

Why does Congress keep cranking up the complexity and quantity of regulations which make filing harder and harder each year? I just learned about the new stuff related to Ebay and Paypal and 1099-K forms. I was concerned because I'm selling a bunch of old tennis racquets. Fortunately I'm way under the limit for the law but someone selling a car or boat might get one of these forms and have to deal with proving that they didn't make a profit on it.

BTW, I do prefer investing, taxes, and economics all on one thread - it means that the odds of keeping it going are a lot better. I have to take a trip to the post office today and then I have two more filings to do but the deadlines aren't this week so there isn't a lot of pressure. I got a lot of rest over the weekend - recovery from taxes, holidays and life.

MiamiDAP

"Why does Congress keep cranking up the complexity and quantity of regulations which make filing harder and harder each year? "
-They want control, they do not care about economy...when they get over 50% of people not paying taxes, they are set for re-election, it is very close at 49% currently. They even refused to take back what GM owes, they want to have it Government Motors....it is all about control, power over ship like us.....samo, samo as was done in different country 100 years ago, using different means - arms. No need for arms here, regulations/money, treating different groups differently by supposedly using the law will accomplish the same.

BCEagle91

Then there are state and local taxes to add in. People in the lowest 20% of income earners paid about 17% of their income to federal, state and local taxes in 2011, versus about a 30% effective rate for the top earners, according to an estimate from the Institute on Taxation and Economic Policy. But the share of total taxes paid roughly matches the share of total income for each of the income groups.

For instance, the lowest-income group paid 2.1% of total taxes paid and earned 3.4% of total income, while the top 1% income group paid about 22% of total taxes paid, and had a 21% share of total income. Click here to see chart on income and taxes by income group (PDF).

“The poorest fifth only pay 2.1% of total taxes,” Wamhoff said. “Well, they only get 3.4% of total income.” The tax system is “a little big progressive, but it’s not outrageously progressive.”

Taxes: Are you paying your fair share? - TaxWatch - MarketWatch

dstark

Ok...I got my updated 1099...

It is off just a little... $900,000+.

On the the plus side...i have isolated all the problems except for 2,000,

Which...I think I am just going to have to let go....

Like I said before...a lot of the problems are just arithmetic errors...ridiculous...

BCEagle91

> On the the plus side...i have isolated all the problems except for 2,000,

And I thought that I was being generous on my return.

I'm going to keep my trading light this year.

And maybe get back into INTU. They're the best at auto-importing financial transactions.

I understand that some of the newer programs run on the iPhone and iPad and you just scan the forms with your device and it sucks it all in. I think that the IRS should have a machine in their offices where you bring in all of your forms, put it in the machine and it tells you what you owe or should get back.