Going to make DM again...I'm pretty sure anyway

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Nov 17, 2014, 4:15 pm

#46

EZEDoesIt

Join Date: Jan 2014

Location: DUS

Programs: DL, HHonors, Bonvoy, Hyatt

Posts: 2,072

Quote:

Originally Posted by DYKWIA2014

See attached.

Thanks. Looks great, but imagine one charged $60k to the IRS on their AMEX on 2 Jan 2015 and disabled all withholding with their employer. Is this even allowed?!

Nov 17, 2014, 4:48 pm

#47

CKDGM

Join Date: Oct 2000

Location: SEA, or BOS, or MUC, or other places (probably connecting). "Detroit, Michigan is in the Eastern time zone."

Programs: DL PM/1MM, AS 100K, NEXUS/GE, CLEAR, Bonvoy Platinum, Hilton Gold

Posts: 1,201

Quote:

Originally Posted by DYKWIA2014

Esltroy, I do the same thing except I track all of my upcoming trip mileage in an Excel spreadsheet, especially this time of year!

I don't use an Excel spreadsheet; I use a Google Docs spreadsheet, so I can update it from my phone or tablet when I'm sitting in the Sky Club after being re-routed for IROPs.

I did exactly that yesterday during a SEA-SLC-BOS trip that had been a SEA-MSP-BOS trip until that very morning; SEA-MSP was delayed changing my connection time to negative 15 minutes (just a bit under the MCT, heh) so I rebooked using the iPhone app and wound up getting a couple hundred extra MQMs. (Also my upgrades cleared on both legs, which as a GM flying in V was a nice surprise.)

Nov 17, 2014, 4:49 pm

#48

yohanson

Original Poster

Join Date: Jan 2010

Location: Twin Cities

Programs: Delta DM MM, IHG Plat, Hilton DM, Marriott SE, Emerald EE, Oakdale Gun Club, NRA & GOA Life Member

Posts: 3,870

Quote:

Originally Posted by DYKWIA2014

See attached.

http://www.irs.gov/publications/p505...link1000194839

So if the liability is less than $1000, there is no penalty. What if one didn't have anything withheld and made quarterly payments as if they were self employed?

Nov 17, 2014, 5:14 pm

#49

DYKWIA2014

Join Date: Jul 2014

Location: ATL

Programs: Delta DM/1.3MM, Marriott PP/LTP, Natl EE, Etihad Guest, FT FNG

Posts: 662

Quote:

Originally Posted by yohanson

So if the liability is less than $1000, there is no penalty. What if one didn't have anything withheld and made quarterly payments as if they were self employed?

That IRS Publication has lots of examples of underwithholding and the exceptions. Good info to know . . . just in case. Closest I ever came to zero was a refund of $4.19. Still have that check in a frame on my desk in my home office.

Nov 17, 2014, 5:19 pm

#50

DYKWIA2014

Join Date: Jul 2014

Location: ATL

Programs: Delta DM/1.3MM, Marriott PP/LTP, Natl EE, Etihad Guest, FT FNG

Posts: 662

Quote:

Originally Posted by SuperG1955

I track Booked and Actual MQM, RDM, MQD, Origins, Destinations, Connection Cities, Fare Classes, UG's, Type of UG , Time of UG, and Business vs. Personal all of which enable me to do all sorts of meaningless anaylses.

You sir, are my hero! I feel like such a slacker now.

Nov 17, 2014, 6:15 pm

#51

EZEDoesIt

Join Date: Jan 2014

Location: DUS

Programs: DL, HHonors, Bonvoy, Hyatt

Posts: 2,072

I just bought my first $500 Vanilla card. 60 trips to Walgreens before 31 Dec isn't looking like fun...

Nov 18, 2014, 6:29 pm

#52

ND76

Join Date: Mar 2005

Location: West of CLE

Programs: Delta DM/3 MM; Hertz PC; National EE; Amtrak GR; Bonvoy Silver; Via Rail Préférence

Posts: 5,384

When I made DM, I made it by 8 miles. I'm now 14,466 miles past the DM post.

Nov 19, 2014, 5:02 pm

#53

captiveguru

Join Date: Apr 2011

Location: MCO

Programs: DL exDM MM

Posts: 762

Quote:

Originally Posted by EZEDoesIt

I just bought my first $500 Vanilla card. 60 trips to Walgreens before 31 Dec isn't looking like fun...

"Vanilla Card?" What is that?

Nov 19, 2014, 5:50 pm

#54

EZEDoesIt

Join Date: Jan 2014

Location: DUS

Programs: DL, HHonors, Bonvoy, Hyatt

Posts: 2,072

A VISA Debit card you purchase with your DL AMEX, then load to an AMEX Serve account or purchase money orders with in order to generate spend/hit your MilesBoost.

Nov 20, 2014, 12:23 am

#55

sethb

FlyerTalk Evangelist

Join Date: Jun 2004

Location: MSP

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Posts: 12,159

Quote:

Originally Posted by EZEDoesIt

Thanks. Looks great, but imagine one charged $60k to the IRS on their AMEX on 2 Jan 2015 and disabled all withholding with their employer. Is this even allowed?!

Sort of. Your employer has to tell the IRS how many exemptions you file (if it's a large number); the IRS might tell the employer you need to justify it.

"I paid $60K in estimated taxes" will probably pass as a valid justification.