Tax Time

alex

alex

Well-Known Member
Well, I'm off to have my taxes done. It'll cost me about $75, but I should get a tidy little 3k-4k back in about 10 days :swing:


What are your expectations this year? refund? pay more?
 
alex said:
Well, I'm off to have my taxes done. It'll cost me about $75, but I should get a tidy little 3k-4k back in about 10 days :swing:


What are your expectations this year? refund? pay more?
Click to expand...
i do my own taxes...it's really very simple...just dull and time consuming...last year was a good year ($3800), hoping for the same this year...course we qualified for everything last year.....i can't see paying someone to do mine anymore....i do the direct deposit route so it takes a little longer than rapid refund...but i'll wait if it means i keep my $75.
 
I've always done my own taxes, even back when they were a little more complicated due to my being self-employed once upon a time. Now that I no longer need to deal with endless Schedules and Profit and Loss reports it's a snap. Boring and tiresome, but still a snap. I usually get around 1000 back, more or less.
 
well hopefully we will do good this year!! finally since this house that was built and claiming all moving expensis...things we could not claim last yr. plus our homestead property rebate added to it.......fingers xed here.
 
I've paid $5. a week in payroll taxes since the tax cut for the rich was enacted & I'm still getting almost $1200. back (did 'em yesterday).

Thank you George Bush.
 
If you're getting more than one or two thousand back, you might want to consider adjusting your W-4s. The one or two thousand makes a nice cushion in case of something unforseen, so that you won't have to cut a check to the IRS in April (which youhave to do even if you file an extension). Anything beyond that is simply lending money to the government interest-free.

Avoid Rapid Refund. It's basically a payday loan, but with a larger amount of money. I'd rather wait to get my money and not have to pay the loan fee (since the Rapid Refund is actually what's called a "refund anticipation loan").

As for me, I'll probably get $700 or $800 back. I hope. I sold the last of my ChevronTexaco stock this year, making me one of those "rich" Americans who made a profit in the stock market. I also cashed out a life insurance policy. I've already got my W-2 from the pizza job, so not I'm just waiting for my W-2 from Home Depot, and my other forms (I think they're all forms of the 1099 but I forget) from Guardian, Schwab and Citibank (a couple of cents of interest on the savings account).

I use Kiplinger/H&R Block's TaxCut software. It was $20 instead of $75, it saves time and it checks for errors.

Now, what I'm not looking forward to is the possibility of having to split the refund with Brandi. Obviously, she gets nothing until the judge says so, but I'm bracing myself for that possibility.
 
More than a thousand or two? Hell, if you're getting more than $500. back adjust. Don't give interest free loans to the government. They won't give them to you.
 
Gonz said:
More than a thousand or two? Hell, if you're getting more than $500. back adjust. Don't give interest free loans to the government. They won't give them to you.
Click to expand...

Absolutely. I average $100 to $200 either way each year. I'll get more this year because I haven't figured what and how to adjust yet (and I figure taxes will go back up soon enough). Maybe for this year. All you're doing if you get back a large amount is giving the government free use of your money.
 
Well, I had txes withheld from my paycheck at the same rate this year as last year. I made more in wages this year, though, and less off selling stocks. Last year, I got a $7 refund.
 
Tax? What a thourghly disgusting subject :(

I thought OTC was above this level of depravity.........
 
Hubby ( hopefully SOON to be "X" - 3 1/2 more months & counting ) always did ours-and the last couple of years we had to get them done (mind wasn't about himself to do them anymore)..
Scary thought for me to have to go get them done this year - BUT - thus far I've accomplished much and I KNOW I can do this!!!

I Think :confused:
 
You don't have to.

Don't get a social security card.
Don't register a car.
Don't buy a house.
Don't open a bank account (of any type)
Don't fill out questionairres.
Move to (some obscure state) & live in the mountains.

There's more but I'm tired.
 
I probably do need to adjust my W-4 a little :eh:


Has anyone ever done the free e-file thing?


I worked with a guy a few years back who was a member of some anti-tax group and refused to pay any taxes at all. He would only work contract jobs on 1099. After I left that company, I heard the IRS had caught wind of it and was giving him a really hard time. They started calling some of his coworkers at home and threatening to audit the company. The company eventually let him go. Never heard what all came of it. I know he had a pretty nice home and vehicles.
 
OK, Got a question-dont know here in FL-but does anyone know how much you have to make to claim taxes. Didnt get my things from jersey yet and got FL's for this year today..

I know i have to talk to an accountant though cus not sure what to do about married/seperated. And how would it work if he is residing in Fl now (hubby) but has a mailing address in NJ, and child support stopped last month-extended unemployment benefits ran out? If he was paying child support but they were living with me- Do I get to claim them???? And what about the earned income credit thingy, whom would that go to?

So much have to ask-feel sorry for the accountant that has to do mine and for me for fear of what they might say ?!?!? :confused:
 
My taxes are always a nightmare. It usually takes a search party with dog to find the light at the end of that tunnel.
 
Used to do my taxes myself until I hooked up with MrsBish and she moved in. It got complicated then, with the house and RRSP's and all that...so we got a tax-accountant to do it for us. $60/year wasn't bad. This year, we switched to a piece of tax-software costing us $30 and did it ourselves. Child credits, RRSP's, school credits etc...took a damn long time, got it wrong the first two times (the scond one said that we owed $500 between the two of us). :(

THe last one that I finished said that we were getting back about $2.5K so that's not all bad.

I prefer it this way...I don't mind that it's effectivly a free loan to them...but its money that I didn't spend. If I'd seen it on my paycheque, it'd be gone by now. Now, when I get my GVT cheque back, I can use it on my house (Principal payment), or my c/cards...which is something that I wouldn't have done otherwise. It's all good.

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Update: I'm not getting shit back. It says I owe something like $140. It seems that when filing as "married filing separately," I lose a lot of marriage credits, and I'd had no federal tax withheld, only social security and medicare. Since it says I owe, I'm in no hurry to file.
 
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