• Advertisement
    

E+J: The Lessons of Karma - Part # 31

Re: E+J: The Lessons of Karma - Part # 31

Postby Playsinrain » Wed Oct 11, 2017 11:02 am

canmom2 wrote:
Pency wrote:
canmom2 wrote:I would say they are running their household as a business so they can claim electricity and other bills. Their house is their office. All the gas and miles on the van for business trips hotels for business trips. Their donations (church and Ivf grant) all claimed on taxes. They didn't buy the van and doubt they are buying the 4WD. They have done several commercials. Jackson has done a carpet one. They can claim so much on their taxes i doubt they are paying any taxes. They are certainly living an extravagent lifestyle but I don't think they feel any pinch. When we saw them different a few months ago and most thought they were fighting over money as time went on I think they were fighting over Penny. You know Jared didn't want her at that trainer and it is around that time I noticed they fell distant to Jareds parents.


YOU would say that, but the IRS would not. In order to deduct all the living expenses you outlined above, they would have to use their entire home regularly AND exclusively for their business, the IRS indicates that the use must be regular and exclusive. My guess is that they can deduct Jared's office and that's it. Maybe Ellie's "filming room", but if they are claiming that, they are lying.

They film all the rooms kitchen LR basement Masterbathroom bedrooms kids bedroom ocassionally garage backyard . This is their job. I never said they were set for life i said just they have more disposable income monthly than you guys let on.
HS if your husband owns a business and isn't getting a ton of deductions time to find a new accountant. All those things i listed are deductible and even if they don't allow the whole house as a business it is more than Jareds office. They go to vlogger fair airfare, hotel, prizes given out all deductible. The IVF grant and church tithing deductible and any other donations they have. Gas driving to SLC for meetings deductible. It's not hard to figure out. I doubt at the end of the year they actually pay very little in taxes after all the deductions.


All the tax deductions in the world and a million free trips are not paying their utilities, property taxes, mortgage payments, camper payments, and everything else we have talked about... its really getting redundant now. I'm not sure who's "tax dept" you say you work for but i think they need to find someone more qualified.. I know jack shit about taxes and still know that you are WAY off in thinking they can just live off tax deductions and free cruises.
User avatar
Playsinrain
Guru Gossiper
 
Posts: 5127
Joined: Tue Feb 10, 2015 1:46 pm
Location: GA
Has thanked: 8548 times
Been thanked: 33221 times

Advertisement

Re: E+J: The Lessons of Karma - Part # 31

Postby canmom2 » Wed Oct 11, 2017 11:33 am

I already told you their utilities and some of their mortgage payment would be claimed on their taxes. Their house is their office not just Jareds office. If you own a construction business and rent an office that is claimed on your taxes same as their house would be. You guys are not looking at it as a business. This is what they do for a living. Lets make it simple gross income is 100000 a year you take all your deductions which is everything i listed and take that off your hross income. Poof you just brought your taxable income down to 50000.
Of couse just an example we dont know what their total deductions are or their true income . When i googled it for 2016 it was over
Any time they have a meeting over pizza claimed. Any payroll they pay and their house would be a large %claimed. I know their income is over 100000 but i also think deductions are more than 50000 but just need to keep it simple.
Yes of course the power bill still needs to be paid but less of their money goes to taxes if any.
canmom2
Informer
 
Posts: 252
Joined: Tue Aug 01, 2017 10:49 am
Has thanked: 0 time
Been thanked: 692 times

Re: E+J: The Lessons of Karma - Part # 31

Postby HelloSweetie » Wed Oct 11, 2017 11:45 am

canmom2 wrote:I already told you their utilities and some of their mortgage payment would be claimed on their taxes. Their house is their office not just Jareds office. If you own a construction business and rent an office that is claimed on your taxes same as their house would be. You guys are not looking at it as a business. This is what they do for a living. Lets make it simple gross income is 100000 a year you take all your deductions which is everything i listed and take that off your hross income. Poof you just brought your taxable income down to 50000.
Of couse just an example we dont know what their total deductions are or their true income . When i googled it for 2016 it was over
Any time they have a meeting over pizza claimed. Any payroll they pay and their house would be a large %claimed. I know their income is over 100000 but i also think deductions are more than 50000 but just need to keep it simple.
Yes of course the power bill still needs to be paid but less of their money goes to taxes if any.


You can't deduct more than you would expect to pay in yearly taxes. There is a flaw in your numbers if you expect they are deducting $50k a year on $100k income.
User avatar
HelloSweetie
Guru Gossiper
 
Posts: 10348
Joined: Sat Dec 13, 2014 8:33 am
Has thanked: 10669 times
Been thanked: 46657 times

Re: E+J: The Lessons of Karma - Part # 31

Postby Playsinrain » Wed Oct 11, 2017 11:47 am

canmom2 wrote:I already told you their utilities and some of their mortgage payment would be claimed on their taxes. Their house is their office not just Jareds office. If you own a construction business and rent an office that is claimed on your taxes same as their house would be. You guys are not looking at it as a business. This is what they do for a living. Lets make it simple gross income is 100000 a year you take all your deductions which is everything i listed and take that off your hross income. Poof you just brought your taxable income down to 50000.
Of couse just an example we dont know what their total deductions are or their true income . When i googled it for 2016 it was over
300 000 and im sure deductions are well over 50 000. Any time they have a meeting over pizza claimed. Any payroll they pay and their house would be a large %claimed.

To quote Pency on this...
"...they also sleep in those rooms, live in those rooms, cook in those rooms and use them as storage? What part of "exclusive" do you NOT understand?"

The only way they can LEGALLY make those deductions is if the home is EXCLUSIVELY used for work. If this was a show home and they were a building company then as long as they didn't live there they could deduct those things, otherwise it's illegal.. The only thing the can deduct is a TINY portion of that amount for Jared's office bc HE EXCLUSIVELY uses that room for work. All other rooms in that house are not EXCLUSIVELY used for work only. If so then that means that for the remaining 23 hours and 45 mins of their day they will not be in that home living in it. Plus they have to pay self employment taxes ON TOP of income taxes. So unless they are making illegal deductions (which you are suggesting) the are not making bank off tax refunds.
User avatar
Playsinrain
Guru Gossiper
 
Posts: 5127
Joined: Tue Feb 10, 2015 1:46 pm
Location: GA
Has thanked: 8548 times
Been thanked: 33221 times

Re: E+J: The Lessons of Karma - Part # 31

Postby Playsinrain » Wed Oct 11, 2017 11:58 am

canmom2 wrote:I already told you their utilities and some of their mortgage payment would be claimed on their taxes. Their house is their office not just Jareds office. If you own a construction business and rent an office that is claimed on your taxes same as their house would be. You guys are not looking at it as a business. This is what they do for a living. Lets make it simple gross income is 100000 a year you take all your deductions which is everything i listed and take that off your hross income. Poof you just brought your taxable income down to 50000.
Of couse just an example we dont know what their total deductions are or their true income . When i googled it for 2016 it was over
Any time they have a meeting over pizza claimed. Any payroll they pay and their house would be a large %claimed. I know their income is over 100000 but i also think deductions are more than 50000 but just need to keep it simple.
Yes of course the power bill still needs to be paid but less of their money goes to taxes if any.


If i own a construction business i can only claim the rent for the office bc i don't live there. If i live there, it then becomes a home office which is completely different.
If Jared's office takes up 20% if the sq footage of their home then they can ONLY deduct 20% of your household bills on your taxes. Jared's office does not even take up 20% of that house. So if ANY deductions are being made like that, it is a TINY drop in the bucket. Plus they have to pay for all this out of pocket before deductions anyway.. they aren't magically making a profit from the IRS..
User avatar
Playsinrain
Guru Gossiper
 
Posts: 5127
Joined: Tue Feb 10, 2015 1:46 pm
Location: GA
Has thanked: 8548 times
Been thanked: 33221 times

Re: E+J: The Lessons of Karma - Part # 31

Postby Playsinrain » Wed Oct 11, 2017 12:04 pm

I'm stopping after this but i pulled this directly from the IRS website..
Notice the use of the word EXCLUSIVELY multiple times...

Requirements to Claim the Home Office Deduction:
Regardless of the method chosen, there are two basic requirements for your home to qualify as a deduction:

Regular and exclusive use.
Principal place of your business.

Regular and Exclusive Use:

You must regularly use part of your home exclusively for conducting business. For example, if you use an extra room to run your business, you can take a home office deduction for that extra room.
User avatar
Playsinrain
Guru Gossiper
 
Posts: 5127
Joined: Tue Feb 10, 2015 1:46 pm
Location: GA
Has thanked: 8548 times
Been thanked: 33221 times

Re: E+J: The Lessons of Karma - Part # 31

Postby canmom2 » Wed Oct 11, 2017 12:06 pm

Playsinrain wrote:
canmom2 wrote:I already told you their utilities and some of their mortgage payment would be claimed on their taxes. Their house is their office not just Jareds office. If you own a construction business and rent an office that is claimed on your taxes same as their house would be. You guys are not looking at it as a business. This is what they do for a living. Lets make it simple gross income is 100000 a year you take all your deductions which is everything i listed and take that off your hross income. Poof you just brought your taxable income down to 50000.
Of couse just an example we dont know what their total deductions are or their true income . When i googled it for 2016 it was over
Any time they have a meeting over pizza claimed. Any payroll they pay and their house would be a large %claimed. I know their income is over 100000 but i also think deductions are more than 50000 but just need to keep it simple.
Yes of course the power bill still needs to be paid but less of their money goes to taxes if any.


If i own a construction business i can only claim the rent for the office bc i don't live there. If i live there, it then becomes a home office which is completely different.
If Jared's office takes up 20% if the sq footage of their home then they can ONLY deduct 20% of your household bills on your taxes. Jared's office does not even take up 20% of that house. So if ANY deductions are being made like that, it is a TINY drop in the bucket. Plus they have to pay for all this out of pocket before deductions anyway.. they aren't magically making a profit from the IRS..

Keep thinking that way as you all dont know what you are talking about. And I wouldnt even be surprised if they are a corporation by now.
canmom2
Informer
 
Posts: 252
Joined: Tue Aug 01, 2017 10:49 am
Has thanked: 0 time
Been thanked: 692 times

Re: E+J: The Lessons of Karma - Part # 31

Postby Playsinrain » Wed Oct 11, 2017 12:12 pm

there are more than just me disagreeing with you at this point, i think you are in the minority when you think you know what YOU are talking about. You clearly don't. If they are claiming every drop if water they piss in, every lush bomb and every bite of food they eat then they are committing tax fraud and will get caught eventually. Vlogging may be a very different career, but the tax law still applies to them.
User avatar
Playsinrain
Guru Gossiper
 
Posts: 5127
Joined: Tue Feb 10, 2015 1:46 pm
Location: GA
Has thanked: 8548 times
Been thanked: 33221 times

Re: E+J: The Lessons of Karma - Part # 31

Postby canmom2 » Wed Oct 11, 2017 12:12 pm

HelloSweetie wrote:
canmom2 wrote:I already told you their utilities and some of their mortgage payment would be claimed on their taxes. Their house is their office not just Jareds office. If you own a construction business and rent an office that is claimed on your taxes same as their house would be. You guys are not looking at it as a business. This is what they do for a living. Lets make it simple gross income is 100000 a year you take all your deductions which is everything i listed and take that off your hross income. Poof you just brought your taxable income down to 50000.
Of couse just an example we dont know what their total deductions are or their true income . When i googled it for 2016 it was over
Any time they have a meeting over pizza claimed. Any payroll they pay and their house would be a large %claimed. I know their income is over 100000 but i also think deductions are more than 50000 but just need to keep it simple.
Yes of course the power bill still needs to be paid but less of their money goes to taxes if any.


You can't deduct more than you would expect to pay in yearly taxes. There is a flaw in your numbers if you expect they are deducting $50k a year on $100k income.

AS I said the numbers were to keep him simple . Im pretty sure there gross income is over 100000 and there deductions would be higher than that as well. Your deductions are you deductions and not just based on your taxes owing. THat is how people get refunds. BUT OBIVIOUSLY you cant figure it out so I give up just like you couldnt figure out the kids club on the cruise.
Last edited by canmom2 on Wed Oct 11, 2017 12:14 pm, edited 1 time in total.
canmom2
Informer
 
Posts: 252
Joined: Tue Aug 01, 2017 10:49 am
Has thanked: 0 time
Been thanked: 692 times

Re: E+J: The Lessons of Karma - Part # 31

Postby lmmomSD » Wed Oct 11, 2017 12:13 pm

Playsinrain wrote:
FakingIt_MakingIt wrote:
calliepaige84 wrote:I know we have discussed this up and down before but it just makes me roll my eyes how they said they would still have this house/life style even without Youtube. No, no you wouldn’t.


Sent from my iPhone using Tapatalk



I would LOVE for them to say what career Jared would have that could provide this lifestyle without youtube.


He was going to school for PT right? But something happened and he gave up on that and started selling cellphones. Just out of curiosity, even if he had become a PT, would he be making enough to live like they are? I'm guessing no. Plus we all know that Ellie would not still be doing hair with two kids, plus she wasn't quite Vidal Sassoon status...
My understanding was that he didn't get into grad school. You need that to do well in physical therapy.
So that's why he went to work for Verizon. What I think is dumb, is that now that he's got money, and time, he isn't trying again to get into PT grad school. Or study _something_...

Sent from my XT1650 using Tapatalk
User avatar
lmmomSD
Guru Gossiper
 
Posts: 12048
Joined: Fri Aug 14, 2015 12:08 pm
Location: San Diego, Ca
Has thanked: 62098 times
Been thanked: 58883 times

Re: E+J: The Lessons of Karma - Part # 31

Postby littlebaby » Wed Oct 11, 2017 12:17 pm

My face reading this thread rn

[img]https://uploads.tapatalk-cdn.com/20171011/38755b6a4affe9e2aa5a2d672eccaa7e.gif[/img]


Sent from my iPhone using Tapatalk
User avatar
littlebaby
Gossiper
 
Posts: 697
Joined: Fri Aug 21, 2015 2:03 pm
Has thanked: 769 times
Been thanked: 3593 times

Re: E+J: The Lessons of Karma - Part # 31

Postby Shorty02 » Wed Oct 11, 2017 12:19 pm

I think now would be a perfect time to start a new E & J thread...


Sent from my iPhone using Tapatalk
User avatar
Shorty02
Informer
 
Posts: 253
Joined: Mon Apr 24, 2017 12:27 pm
Has thanked: 4331 times
Been thanked: 1946 times

Re: E+J: The Lessons of Karma - Part # 31

Postby lmmomSD » Wed Oct 11, 2017 12:21 pm

Glad I missed all the tax arguments. All I know is that "deductible" and "free" are two very different things.
Sorry for not seeing the post about Jared not getting into grad school before I posted. You know Ellie would only consider schools near Mama Griffiths. There's no way she would have agreed to travelling somewhere else for him to go to grad school.

Sent from my XT1650 using Tapatalk
User avatar
lmmomSD
Guru Gossiper
 
Posts: 12048
Joined: Fri Aug 14, 2015 12:08 pm
Location: San Diego, Ca
Has thanked: 62098 times
Been thanked: 58883 times

Re: E+J: The Lessons of Karma - Part # 31

Postby FakingIt_MakingIt » Wed Oct 11, 2017 12:21 pm

I am an accountant, in Canada but the basic principles apply.

They are not deducting EVERY expense they have. Im certain they have an accountant at this point and no accountant would allow that, also if theyre not incorporated at this point I would be surprised.

They can only claim a portion of their home utilities, their property tax, a portion of their mortgage interest, a portion of fuel...ect. They likely have a few people, themselves included on payroll so thats an expense as well.

Corporations dont get tax refunds, at best theyre filing NIL with all their expenses but if the income is as high as some believe they dont have enough deductions to be filing NIL.
FakingIt_MakingIt
Extreme Gossiper
 
Posts: 1511
Joined: Mon Dec 16, 2013 1:38 pm
Has thanked: 223 times
Been thanked: 3815 times

Re: E+J: The Lessons of Karma - Part # 31

Postby PumpkinHead » Wed Oct 11, 2017 12:29 pm

That little 'prank' that Ellie played on the boys was weird. But what's sad is that that's probably something she would actually make for breakfast: a piece of toast and some fruit for Jackson, and a single egg for Calvin. They still only got a waffle each Come on, no fruit or anything?
User avatar
PumpkinHead
Amateur
 
Posts: 94
Joined: Tue Feb 07, 2017 1:46 pm
Has thanked: 689 times
Been thanked: 583 times

Re: E+J: The Lessons of Karma - Part # 31

Postby HelloSweetie » Wed Oct 11, 2017 12:31 pm

FakingIt_MakingIt wrote:I am an accountant, in Canada but the basic principles apply.

They are not deducting EVERY expense they have. Im certain they have an accountant at this point and no accountant would allow that, also if theyre not incorporated at this point I would be surprised.

They can only claim a portion of their home utilities, their property tax, a portion of their mortgage interest, a portion of fuel...ect. They likely have a few people, themselves included on payroll so thats an expense as well.

Corporations dont get tax refunds, at best theyre filing NIL with all their expenses but if the income is as high as some believe they dont have enough deductions to be filing NIL.


Thank you. I assume Canmom is also in Canada, so your expertise is every bit as relevant as theirs despite not being specific to the US.
User avatar
HelloSweetie
Guru Gossiper
 
Posts: 10348
Joined: Sat Dec 13, 2014 8:33 am
Has thanked: 10669 times
Been thanked: 46657 times

Re: E+J: The Lessons of Karma - Part # 31

Postby greygoose » Wed Oct 11, 2017 1:16 pm

Wow! By chance, I have just stumbled upon E&J's "Our Infertility Journey" video. Sweet Jesus, they have both aged soooo noticeably. I know we all possibly don't look our freshest while raising (little) kids. But wow. What a difference...

The video made me sad though. It shows such a huge discrepancy between their early mostly honest approach to vlogging and those staged, highly-produces daily shows nowadays :(
greygoose
Wallflower
 
Posts: 8
Joined: Fri Aug 25, 2017 7:51 am
Has thanked: 20 times
Been thanked: 52 times

Re: E+J: The Lessons of Karma - Part # 31

Postby Pency » Wed Oct 11, 2017 1:17 pm

I'm an accountant, I do many people's taxes (small business owners, individuals, etc) and my head is going to explode over this thread, hahaha. I guess maybe my clients should all fire me and hire Canmom so they can deduct every cent of their income next year. :D
Pency
Gossiper
 
Posts: 569
Joined: Fri Aug 05, 2016 11:29 am
Has thanked: 182 times
Been thanked: 4364 times

Re: E+J: The Lessons of Karma - Part # 31

Postby FakingIt_MakingIt » Wed Oct 11, 2017 1:26 pm

Pency wrote:I'm an accountant, I do many people's taxes (small business owners, individuals, etc) and my head is going to explode over this thread, hahaha. I guess maybe my clients should all fire me and hire Canmom so they can deduct every cent of their income next year. :D



Forget my clients, I own an accounting firm and want her to do MY corporate returns...but only if she will go to bat with CRA when they come after me for fraud....
FakingIt_MakingIt
Extreme Gossiper
 
Posts: 1511
Joined: Mon Dec 16, 2013 1:38 pm
Has thanked: 223 times
Been thanked: 3815 times

Re: E+J: The Lessons of Karma - Part # 31

Postby natalka81 » Wed Oct 11, 2017 1:28 pm

PumpkinHead wrote:That little 'prank' that Ellie played on the boys was weird. But what's sad is that that's probably something she would actually make for breakfast: a piece of toast and some fruit for Jackson, and a single egg for Calvin. They still only got a waffle each Come on, no fruit or anything?

If she had done the prank in front of them (like pretended to make the breakfast while they watched) I think they would have enjoyed it. But filming it while they weren't around (at least that's what I assume she did) was just very weird. Also, it didn't help that she picked a day when Jackson was quite obviously under the weather.
natalka81
Gossiper
 
Posts: 535
Joined: Sun Jan 01, 2017 10:27 pm
Has thanked: 3161 times
Been thanked: 2731 times

Re: E+J: The Lessons of Karma - Part # 31

Postby Pency » Wed Oct 11, 2017 2:24 pm

natalka81 wrote:
PumpkinHead wrote:That little 'prank' that Ellie played on the boys was weird. But what's sad is that that's probably something she would actually make for breakfast: a piece of toast and some fruit for Jackson, and a single egg for Calvin. They still only got a waffle each Come on, no fruit or anything?

If she had done the prank in front of them (like pretended to make the breakfast while they watched) I think they would have enjoyed it. But filming it while they weren't around (at least that's what I assume she did) was just very weird. Also, it didn't help that she picked a day when Jackson was quite obviously under the weather.


The whole thing was just strange, mainly because she faked it for the camera and hid their real breakfast on the floor in the playroom. She's a total weirdo.
Pency
Gossiper
 
Posts: 569
Joined: Fri Aug 05, 2016 11:29 am
Has thanked: 182 times
Been thanked: 4364 times

Re: E+J: The Lessons of Karma - Part # 31

Postby amyfalafal » Wed Oct 11, 2017 2:34 pm

Jared taking his dad on this 'business' trip makes me think his dad is on their payroll.. Dad Mecham needs to learn the ropes too.
amyfalafal
Informer
 
Posts: 477
Joined: Fri Mar 24, 2017 5:42 pm
Has thanked: 529 times
Been thanked: 2055 times

Re: E+J: The Lessons of Karma - Part # 31

Postby Kaylor1 » Wed Oct 11, 2017 3:02 pm

Does Jared BS degree good for anything other than PT? Or was Jared and Ellie's college years a complete waste?

Sent from my Pixel XL using Tapatalk
Kaylor1
Talker
 
Posts: 164
Joined: Fri Jun 23, 2017 5:41 pm
Has thanked: 265 times
Been thanked: 649 times

Re: E+J: The Lessons of Karma - Part # 31

Postby canmom2 » Wed Oct 11, 2017 3:13 pm

HelloSweetie wrote:
FakingIt_MakingIt wrote:I am an accountant, in Canada but the basic principles apply.

They are not deducting EVERY expense they have. Im certain they have an accountant at this point and no accountant would allow that, also if theyre not incorporated at this point I would be surprised.

They can only claim a portion of their home utilities, their property tax, a portion of their mortgage interest, a portion of fuel...ect. They likely have a few people, themselves included on payroll so thats an expense as well.

Corporations dont get tax refunds, at best theyre filing NIL with all their expenses but if the income is as high as some believe they dont have enough deductions to be filing NIL.


Thank you. I assume Canmom is also in Canada, so your expertise is every bit as relevant as theirs despite not being specific to the US.


Because my username is canmom? Kinda like you were wrong on other occasions. I never said a corporation gets a refund i was talking about individual. I dont believe i said they get all there household bills back but a large % not just Jareds office. I just said I imagine they are a corporation anyway but if they are individual they dont pay as much as people think. Funny how all these accountants appeared.
canmom2
Informer
 
Posts: 252
Joined: Tue Aug 01, 2017 10:49 am
Has thanked: 0 time
Been thanked: 692 times

Re: E+J: The Lessons of Karma - Part # 31

Postby canmom2 » Wed Oct 11, 2017 3:15 pm

Playsinrain wrote:there are more than just me disagreeing with you at this point, i think you are in the minority when you think you know what YOU are talking about. You clearly don't. If they are claiming every drop if water they piss in, every lush bomb and every bite of food they eat then they are committing tax fraud and will get caught eventually. Vlogging may be a very different career, but the tax law still applies to them.

I never said they were claiming it they are getting it as part of their business.
canmom2
Informer
 
Posts: 252
Joined: Tue Aug 01, 2017 10:49 am
Has thanked: 0 time
Been thanked: 692 times

PreviousNext

Return to Ellie and Jared

Who is online

Users browsing this forum: No registered users

  • Advertisement