HitAnyKey42’s Activity

Tue Apr 21

NL

Boards Post

HitAnyKey42 replied to the Credit Cards and Consumer Debt board. 10:56 AM

Re: Hardship Forbearance

I'll let others handle the details and offer some unpopular opinions

You want the bank to help you?
Stop paying.
Most banks will not work with you as long as you are still paying your mortgage.
You can tell them you are
[more]

Mon Apr 20

NL

Boards Post

HitAnyKey42 replied to the Credit Cards and Consumer Debt board. 10:06 PM

Re: Hardship Forbearance

Not to beat a dead horse, but have you already gotten both you and your wife's student loans on some type of reduced payment plan? Sounds like anything you can do to reduce your cash outflow helps this situation. Also, are you underwater on your [more]

NL

Boards Post

HitAnyKey42 replied to the Credit Cards and Consumer Debt board. 6:55 PM

Re: Hardship Forbearance

Those deal with student loan repayment. It is my Home Mortgage for the condo I'm trying to sell which is the issue. That's what I'm trying to find a way to not being paying the mortgage each month while I try to sell it.

NL

Boards Post

HitAnyKey42 replied to the Tax Strategies board. 12:26 PM

Re: Questions & Help with Estimated Tax Payments

Back on this topic a bit. I made my first payment before I realized that I'm going to need to include the full repayment of my 2008 First-time Homebuyer Credit repayment into the total tax we will owe next year. (We have moved out of that home, and [more]

NL

Boards Post

HitAnyKey42 replied to the Fools and Their Money board. 8:50 AM

Re: Hardship Forbearance

If the lower price would require you to bring money to the table, and you don't have it, then talk to the guy at the bank about how you would need to do a short sale. Or you could rent your condo out.


Just realized I forgot to [more]

NL

Boards Post

HitAnyKey42 replied to the Fools and Their Money board. 8:45 AM

Re: Hardship Forbearance

Fuskie, I have x-posted over on that board. It was a coin flip between that board and this board when I was deciding where to post my question.

AJ, for why we moved to DE....In the immortal words of Inigo Montoya:
Let me [more]

NL

Boards Post

HitAnyKey42 posted to the Credit Cards and Consumer Debt board. 8:31 AM

Hardship Forbearance

X-posting this here on Fuskie's suggestion:

Within the next day or two I'm planning to file with my bank (Credit Union that holds my Mortgage) for a hardship forbearance (Fannie Mae Form 710 "Uniform Borrow Assistance Form"). I'm [more]

NL

Boards Post

HitAnyKey42 replied to the Tax Strategies board. 8:08 AM

Re: Homebuyer Repayment included for Tax Penalty

Yes. It does.

You might want to check to see if 100% (or 110% if your income is over $150k) of your 2014 tax results in a smaller payment. The balance would still be due next April, of course.


I should have also mentioned [more]

Sun Apr 19

NL

Boards Post

HitAnyKey42 replied to the Tax Strategies board. 4:58 PM

Re: Homebuyer Repayment included for Tax Penalty?

FYI, I didn't word my question about the IRS calculation the way I meant to. I meant to ask if adding in that $5000 repayment becomes part of the "tax for the current year" when calculating if I paid 90% of the current years taxes. Just [more]

NL

Boards Post

HitAnyKey42 posted to the Tax Strategies board. 4:52 PM

Homebuyer Repayment included for Tax Penalty?

When I bought my condo in 2008, I got the $7500 First-time homebuyer "loan". So I've been paying the $500/yr since then. Due to my being laid off end of last year, my wife & I have now moved from my NY condo to DE (where we are [more]

NL

Boards Post

HitAnyKey42 posted to the Fools and Their Money board. 4:24 PM

Hardship Forbearance

Took a bit to try to decide which board to post this on. This seems like the best one with hopefully enough activity for someone to see it quickly.

Within the next day or two I'm planning to file with my bank (Credit Union that holds my [more]

Fri Apr 17

NL

Boards Post

HitAnyKey42 replied to the Starbucks Corporation board. 10:02 PM

Re: Stock split still not showing correctly

The part that I'm also waiting for GF to do is the historical split. Like when I look at Apple, it shows the 7:1 split in June of last year and that fixes the price curve to look proper.
If you look at SBUX, it still displays the price dropping [more]

NL

Boards Post

HitAnyKey42 replied to the Starbucks Corporation board. 7:14 AM

Re: Stock split still not showing correctly

Anyone know how long it usually takes Google Finance to get everything updated to show correctly? I use that for the quick tracking of my portfolios and I remember not having to do anything for the Apple split. But don't remember how long it took GF [more]

Sat Apr 11

NL

Boards Post

HitAnyKey42 replied to the Tax Strategies board. 3:25 PM

Re: easy question due date for quarterly payment

Unless I'm wrong (and I hope I'm not, since I am not filling out that form), if you make the payment online then you do not send in the form. But if you plan on mailing a check, you need to fill out the 1040-ES voucher. The "form" that is [more]

Fri Apr 10

NL

Boards Post

HitAnyKey42 replied to the Tax Strategies board. 12:52 PM

Re: easy question due date for quarterly payment

I researched this quite a bit the past couple days while trying to figure all this out for myself. The due dates are the easy part. The dates are 4/15, 6/15, 9/15, & 1/15/16. And it's the Postmark date that matters. So if you mail it on 4/15, you [more]

Thu Apr 9

NL

Boards Post

HitAnyKey42 posted to the Tax Strategies board. 1:59 PM

Questions & Help with Estimated Tax Payments

I have a handful of questions on things dealing with making the Quarterly Estimated Tax Payments. 2015 is the first year I have to think about this (due to getting laid off last year), and while trying to figure this out I keep getting [more]

Tue Mar 24

NL

Boards Post

HitAnyKey42 replied to the Tax Strategies board. 5:23 PM

Re: Schedule C office expenses?

When you find an answer for this (if someone doesn't reply here directly with a good way to calculate it) please post here again. I'm going to have this same situation for the 2015 tax year. So I have time to figure it out, but I'm going to be in the [more]

Mon Mar 16

NL

Boards Post

HitAnyKey42 replied to the Tax Strategies board. 10:10 AM

Re: Do I need to do Estimated Qrtly Tax Payments

Now here's a wrinkle I's sure you didn't consider. You may still be subject to NY income tax on your consulting income. The key determinant may be whether you are truly working for a different entity now than when you were employed in NY. NY has [more]

Fri Mar 13

NL

Boards Post

HitAnyKey42 posted to the Tax Strategies board. 11:45 PM

Do I need to do Estimated Qrtly Tax Payments?

I have a rather complicated situation for this coming year and I'm trying to figure out if I need to somehow calculate and pay estimated quarterly tax payments this year.
Quick summary of my situation:
I was laid off last year (and we moved [more]

Tue Mar 10

NL

Boards Post

HitAnyKey42 replied to the Tax Strategies board. 12:46 PM

Re: Roth IRA Contribution Penalty-What to do?

You've said you're unemployed right now... I'd spend the hour on the phone getting it recharacterized to a traditional, then doing a back-door Roth. Cost is extra time on the phone, and back-door Roth probably only makes sense if you don't already [more]

Show More Activity ...

CAPS Stats & Trivia

CAPS Player Rating < 20
Player Rank 0 out of 75215
Score 0.00
Score Change Today 0
Accuracy 0.00%
Active Picks 0
Total Picks 0
Best Pick ( 0)
Worst Pick ( 0)
Average Score per Pick 0.00
Charms Earned 0
Highest Rated Favorite No Favorites Selected
Go to HitAnyKey42’s CAPS page

Boards Stats & Trivia

Two stars, 250 posts
Board Posts 273
Recs Received 116
People who have rec'd these posts 77
Recs to Posts Ratio (last 30 days) 0.40
Threads Started 59
Threads Started Percentage 21.61 %
Most Frequent Board Motley Fool Supernova
Very First Post A MDP: Meet & Greet post. (11/10/2011)
Percentage of Posts Rec'd 24.54 %
Show HitAnyKey42’s 10 Latest Posts