buried_lede

buried_lede t1_j868aq7 wrote

Wow,I like it but would really like to see roads like Frontage and Ella Grasso subjected to that. Would that be feasible? (Not frontage before the hospital though - I guess that is ambulance route)

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buried_lede t1_j6nv40s wrote

So many business deductions. In those years I believe 100-percent of health insurance premiums could be deducted and on personal taxes the house mortgage deduction etc. Mileage on the trucks, all the costs. Tons of deductions for a trucking co. Hope they captured all of those. Office too, including home office space

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buried_lede t1_j6nu2sl wrote

Sometimes the IRS will completely discount the amount owed based on an analysis that shows he will be unlikely to earn more than he earns now during his lifetime. It’s called an offer in compromise and it permanently settles a tax bill for good, for less than what is owed.

Please tell your dad not to stress too much because though this is a drag, In the scheme of things, a tax situation like this is manageable. It’s going to be OK.

And once you get the bulk of this done, you can save money by using the taxpayer advocate’s office for any future probs.

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buried_lede t1_j6nrema wrote

It’s not quite like when you have a lawyer in other venues, you can talk to the IRS but they are legal representatives, so you might want to consult with them about it. If you question their work though you can reach out directly to IRS. Optima should be sharing all their correspondence or paperwork with you.

$4000 is a pretty steep fee.

Since you’d dad is living paycheck to paycheck now, optima or you can probably get him into a “currently uncollectible” status, which means no payments are collected until things change, or you can get on a payment plan that is reasonable and manageable. Either of those can prevent a lien filed by irs, which is good for credit - keeps credit clean.

Check all optima’s work though for any errors, missed deductions or missed credits.

Self employed people do have heavy burdens, so the $20k isn’t necessarily surprising. They pay 100-percent of social security etc. That’s 15-percent right there, before the main deductible. It’s a whopper for the self employed. .

Oh, also, the IRS has a tax payer advocate’s office in every state. In the future if you have any problems, say, he can’t make a monthly pmt, or you need new help, they can open a case file for you. They are generally very very good and very helpful.

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buried_lede t1_j6k9elk wrote

I’d vouch for this comment. The economic diversity in both towns is there, because until the pandemic hit, working class salaries could get you something for sure, in either town, even a couple of WalMart greeters could afford to buy something as long as they kept their eyes peeled. Sadly, the pandemic inflated house prices a lot here. Hopefully it won’t be permanent in terms of inclusion. The shoreline does not want to be Fairfield County.

Racial diversity is not big and neither town is happy about that so it would be better if we were more diverse.

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buried_lede t1_j6jzpnm wrote

I love them both. Public schools in both towns are excellent. I haven’t looked up the mill rates in a while but I did get the impression Guilford’s are getting a little high. The vibe people are talking about is a thing, a littje, but both Towns tend to be gentle kind people or try to foster that.

The old saying in Connecticut is this:

“Guilford for culture, Madison for class, Clinton for clams.”

They’ve changed somewhat over the decades though. At one time Guilford was just cranking out amazing artists and musicians

I would happily live in either of them

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buried_lede t1_j6ebmvc wrote

They really know how to game their body cameras now. They say if not for the street camera, they might not have been able to piece this together.

They turn away, they use audio to make it sound like they are struggling when they’re not (“stop resisting!” when they’re actually lying there unconscious. ) It’s ridiculous. Sure didn’t take police long to figure that out

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buried_lede t1_j6e6vty wrote

Ah, gee, you mentioned the one category that isn’t competitive at credit unions. Their savings acct interest rates and CDs are usually not competitive with banks. They offer great interest on checking accounts that are active though, unlike banks. I have totally free checking and make interest on it, so basically I am being paid by them to have a checking account. That’s common at credit unions.

For savings, though, I would look for high interest savings accounts at banks, especially online banks like Amex or Marcus or capital one.

I do recommend credit unions for every day checking, car loans house loans, personal lines of credit. Connex is good, Sikorsky is good too. There are a few good ones here

Edit: for investment accounts, don’t use newbies like Robin Hood and also any that charge you for trades, like Merril Lynch. Open an online account at one of the solid standard brokerage houses. Examples: Fidelity, Charles Schwab and TDAmeritrade all have user friendly platforms with just tons of guidance and analysis/research into securities to get you started. You can open an account with a dollar and they are free to buy and sell stocks and ETFs etc.

Brokers like Robin Hood offer so little. Their users run around the Internet scratching together research on potential stocks to buy and their security is untested. The others I recommended allow access to reports for free that would otherwise cost a small fortune to subscribe to from dozens of sources

Look for promos too. Fidelity just had one (maybe still going) where they’ll put $200 in your account if you open a new account with $50

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