All those fuckers who tried to double dip. The County should not spend a dime of my tax money refunding pre payments. Put that money into an account and apply it for 2018. Greedy fuckers are getting a break on the tax rate and want their old deductions too. The IRS should audit every one of them, if they tried this scam I'm sure they're into some other shady shit too.

as far as i know federal and va tax are withheld, not fairfax county tax

post a pic of your employer withholding fairfax county tax

emu7w Wrote:
-------------------------------------------------------
> as far as i know federal and va tax are withheld,
> not fairfax county tax
>
> post a pic of your employer withholding fairfax
> county tax

Who said anything about withholding? Post a picture of an emu you ignorant mother fucker.

God bless the IRS Wrote:
-------------------------------------------------------
> All those fuckers who tried to double dip. The
> County should not spend a dime of my tax money
> refunding pre payments. Put that money into an
> account and apply it for 2018. Greedy fuckers are
> getting a break on the tax rate and want their old
> deductions too. The IRS should audit every one of
> them, if they tried this scam I'm sure they're
> into some other shady shit too.


Wow, You are one agree motherfucker. I was gonna pre-pay today, but now I won't.

So what??? What's it to you? I'm still fucking rich either way motherfucker!!

God bless the IRS Wrote:
-------------------------------------------------------
> All those fuckers who tried to double dip. The
> County should not spend a dime of my tax money
> refunding pre payments. Put that money into an
> account and apply it for 2018. Greedy fuckers are
> getting a break on the tax rate and want their old
> deductions too. The IRS should audit every one of
> them, if they tried this scam I'm sure they're
> into some other shady shit too.


You are an idiot. This is SOP. Every time Congress amends the tax code businesses and wealthy individuals rush out and structure transactions so that they can get the best deal from both the old and the new tax laws. The only difference here is that people were not doing so in response to well thought out advice from their tax professionals. They were responding to hype they saw on the internet.

I wasn't one of those screaming that people better run out and prepay their property taxes. I specifically warned my clients there were a number of reasons for not doing so, one of which was that the IRS might challenge the deduction. I have got a page of IRS authority to support the deduction for prepaying taxes though, so if any of my clients want to take the chance I am ready to take the case to Tax Court.

You can pre pay, but your cannot deduct. Check it out before you make the trip.

Talk to your tax pro Wrote:
-------------------------------------------------------
> God bless the IRS Wrote:
> --------------------------------------------------
> -----
> > All those fuckers who tried to double dip. The
> > County should not spend a dime of my tax money
> > refunding pre payments. Put that money into an
> > account and apply it for 2018. Greedy fuckers
> are
> > getting a break on the tax rate and want their
> old
> > deductions too. The IRS should audit every one
> of
> > them, if they tried this scam I'm sure they're
> > into some other shady shit too.
>
>
> You are an idiot. This is SOP. Every time
> Congress amends the tax code businesses and
> wealthy individuals rush out and structure
> transactions so that they can get the best deal
> from both the old and the new tax laws. The only
> difference here is that people were not doing so
> in response to well thought out advice from their
> tax professionals. They were responding to hype
> they saw on the internet.
>
> I wasn't one of those screaming that people better
> run out and prepay their property taxes. I
> specifically warned my clients there were a number
> of reasons for not doing so, one of which was that
> the IRS might challenge the deduction. I have got
> a page of IRS authority to support the deduction
> for prepaying taxes though, so if any of my
> clients want to take the chance I am ready to take
> the case to Tax Court.


Nice try jerk off. Lines to prepay property taxes, followed by cries for refunds is hardly SOP.

Property taxes are a superior lien that magically appears on your properties every Jan 1st at midnite.
Morons cannot prepay a tax that is NOT THERE. Wish I couldve see that line at the palace versailles(ffx co govt building)....derpppppp

Get CPAs to do your taxes, it’s WORTH the extra $$$$$.
Those individuals that do their own taxes have a MORON for a client.

I was told the county may have already spent that money on changing school names. Any refunds may or may not be in the future.

Kingdom of Fairfax Wrote:
-------------------------------------------------------
> I was told the county may have already spent that
> money on changing school names. Any refunds may or
> may not be in the future.

DACA Biaatch!!

“Dreamers” gotta eat too!!

IRS for us Wrote:
-------------------------------------------------------
> Nice try jerk off. Lines to prepay property taxes,
> followed by cries for refunds is hardly SOP.

Nice try douche. You didn't simply say the county shouldn't give them their money back. You also said there was something wrong with these people trying to get the 2017 deduction in the first place. The only mistake these people made was in giving in to mass hysteria rather than making an informed decision after talking with a tax professional.

Barring any rulings from the IRS, they only care about when you paid. If the county refunds that money because you paid early, well you are going to pay a second time and likely in 2018. But you can game the system paying early. Not sure if you are winning or falling victim to hysteria.

And yes, it does seem like some sort of panic. None of the people I have seen standing around to pay taxes early look like they need to worry. After all, they apparently have all that time to stand around in lines.

If you fall within the alternative minimum tax for 2017 then paying the 2018 Fairfax county property tax would not help in your 2017 tax filing by even one penny.

Mortgage interest is another story. Most smart accountants are suggesting paying an extra/13th mortgage payment to get a little extra deduction for 2017. Mortgage interest for a mortgage used to buy a home will help with the alternative minimum tax, and typically the IRS does not care about an extra month of interest being deducted.

The IRS has taken the position that only prepaid taxes which have been actually assessed are eligible for deductions. My understanding is that Fairfax issues it assessments in February, so those who rushed to pre-pay would appear to be out of luck. I certainly wouldn’t have sat in line without the benefit of tax advice.

Assessments are issued in February, the tax rate is set in late April, it's at that point when you know what to actually pay. PEACE OUT

Dems in November: Its "Armageddon" and a "monumental, brazen theft from the American middle class,” -Peloci

Dems in December: BUT, BUT, BUT, the rich who live in our high-tax locals won't be able to deduct SALT from Fed taxes more than 10K! We can't arbitrarily raise our real estate taxes anymore to fund our community dayca...eh... schools!

Virginian mouth-breather zombies: I'M WITH HER! VOTE DEMS (and more tax) AGAIN!

Fake news: Pay your real estate taxes early to cheat the system... In other news, Trump cheats the system because Russian Dressing.


... oh the irony is real ....

If you can prepay before the assessment why not pay five years in advance, if you have the money, to take full advantage of 2017 filings?

I'm so broke that I can't be fixed. I typically go into grocery stores and walk around filling a shopping cart full of stuff and I eat the whole time. Once I get my fill I leave the cart in an isle and leave the store.

I have brought produce into the bathroom and stuck it in my ass or I cum on it and return it to the display.

If I'm feeling randy, I'll hide a package of hamburger somewhere in the store for it to rot. Man, that shit gets really smelly when it rots!

Talk to your tax pro Wrote:
-------------------------------------------------------
> I have got
> a page of IRS authority to support the deduction
> for prepaying taxes though, so if any of my
> clients want to take the chance I am ready to take
> the case to Tax Court.


Ummm, no. You can't prepay taxes on things you haven't incurred yet (other than prepaying estimated taxes, which will be subject to the new rates anyway). There is no IRS authority to support that. None. Zero. Zilch. You're either one of the shittiest tax pros out there or a liar. Perhaps both.

All those geniuses who didn't bother to read about the deductibility of property taxes not yet assessed missed the obvious. Had they sent that money to Virginia as estimated state income tax, they would have been able to deduct it on their Form 1040 for 2017. If they otherwise would have owed VA tax for 2017, it's tax gravy. If it results in an overpayment, they will pay tax on the excess in 2018, but at a lower rate.

Ummmm, no Wrote:
-------------------------------------------------------
>
> There is no IRS authority to
> support that.

You will never know because you are not paying me.

You are stuck in the world of Turbotax interviews and the 1040 instructions. Tax professionals deal with the Internal Revenue Code, Treasury Regulations, Revenue Rulings and Rev Procs, court cases, letter rulings and committee reports, which allows us to be more malleable. Want to take a different position than the IRS, most good tax professionals can find something to support it.

Ummmm, no Wrote:
-------------------------------------------------------
> Talk to your tax pro Wrote:
> --------------------------------------------------
> -----
> > I have got
> > a page of IRS authority to support the
> deduction
> > for prepaying taxes though, so if any of my
> > clients want to take the chance I am ready to
> take
> > the case to Tax Court.
>
>
> Ummm, no. You can't prepay taxes on things you
> haven't incurred yet (other than prepaying
> estimated taxes, which will be subject to the new
> rates anyway). There is no IRS authority to
> support that. None. Zero. Zilch. You're either
> one of the shittiest tax pros out there or a liar.
> Perhaps both.

The IRS cares about when you paid a certain tax and if the amount you deduct is the correct amount. That's why you can prepay for one year but not five. Since Federal taxes aren't due until April, you have time to figure out the second half of what the IRS wants. The IRS doesn't require total knowledge of your taxes on 31 December. I read the IRS ruling as you can't deduct the amount you prepay. You can only deduct the prepaid amount that covers the property tax. If the county holds onto some extra for a future tax year instead of refunding the overpayment, that isn't deductable.

WYB36 Wrote:
-------------------------------------------------------
> Ummmm, no Wrote:
> --------------------------------------------------
> -----
> > Talk to your tax pro Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > I have got
> > > a page of IRS authority to support the
> > deduction
> > > for prepaying taxes though, so if any of my
> > > clients want to take the chance I am ready to
> > take
> > > the case to Tax Court.
> >
> >
> > Ummm, no. You can't prepay taxes on things you
> > haven't incurred yet (other than prepaying
> > estimated taxes, which will be subject to the
> new
> > rates anyway). There is no IRS authority to
> > support that. None. Zero. Zilch. You're
> either
> > one of the shittiest tax pros out there or a
> liar.
> > Perhaps both.
>
> The IRS cares about when you paid a certain tax
> and if the amount you deduct is the correct
> amount. That's why you can prepay for one year
> but not five. Since Federal taxes aren't due
> until April, you have time to figure out the
> second half of what the IRS wants. The IRS
> doesn't require total knowledge of your taxes on
> 31 December. I read the IRS ruling as you can't
> deduct the amount you prepay. You can only deduct
> the prepaid amount that covers the property tax.
> If the county holds onto some extra for a future
> tax year instead of refunding the overpayment,
> that isn't deductable.


You read it wrong. The IRS guidance specifically states that you MUST be billed prior to the end of the 2017 for it to be deductible. Further, to be billed, the house must be assessed by the taxing jurisdiction. Fairfax County has not begun the 2018 assessments yet. No one who prepaid will be able to deduct this legally.

Can't agree more that Fairfax County should apply the pre-payments to the 2018 taxes and not process refunds. The county should be able to earn about 1% on the $16 million, not much money, but enough to cover the extra expenses caused by people trying to beat the system.

IRS Guidance > lame tax pro Wrote:
-------------------------------------------------------
> WYB36 Wrote:
> --------------------------------------------------
> -----
> > Ummmm, no Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > Talk to your tax pro Wrote:
> > >
> >
> --------------------------------------------------
>
> >
> > > -----
> > > > I have got
> > > > a page of IRS authority to support the
> > > deduction
> > > > for prepaying taxes though, so if any of my
> > > > clients want to take the chance I am ready
> to
> > > take
> > > > the case to Tax Court.
> > >
> > >
> > > Ummm, no. You can't prepay taxes on things
> you
> > > haven't incurred yet (other than prepaying
> > > estimated taxes, which will be subject to the
> > new
> > > rates anyway). There is no IRS authority to
> > > support that. None. Zero. Zilch. You're
> > either
> > > one of the shittiest tax pros out there or a
> > liar.
> > > Perhaps both.
> >
> > The IRS cares about when you paid a certain tax
> > and if the amount you deduct is the correct
> > amount. That's why you can prepay for one year
> > but not five. Since Federal taxes aren't due
> > until April, you have time to figure out the
> > second half of what the IRS wants. The IRS
> > doesn't require total knowledge of your taxes
> on
> > 31 December. I read the IRS ruling as you
> can't
> > deduct the amount you prepay. You can only
> deduct
> > the prepaid amount that covers the property tax.
>
> > If the county holds onto some extra for a
> future
> > tax year instead of refunding the overpayment,
> > that isn't deductable.
>
>
> You read it wrong. The IRS guidance specifically
> states that you MUST be billed prior to the end of
> the 2017 for it to be deductible. Further, to be
> billed, the house must be assessed by the taxing
> jurisdiction. Fairfax County has not begun the
> 2018 assessments yet. No one who prepaid will be
> able to deduct this legally.

It says assessed not billed. The IRS claims this may be the same in your state. It's not clear when this happens in Fairfax. Audit me.

That last guy makes a good point, he could just take the deduction and take his chances in an audit, if that even happens. So I'm flipping on this, Fairfax County should absolutely refund the tax pre-payments, the day before they become due.