Tax Returns!

[bluehdmc]

I'll fess up, I use the treasury as my own personal bank account. If I didn't, we'd spend every last penny.

I do the same thing, I do save a little but like to get a large refund to pay my car insurance or something like that.

My hope is that we owe $499.99 We will withdraw that money from savings and send the feds a check on April 15th. That means that we kept $499 of their money all year and earned interest on it, instead of the other way around.

And if you had it in a regular savings account paying 1% interest (about the current rate some pay less), you would have netted $5.00 interest, and now you have to pay 40 some cents for a stamp? Besides the govt needs the loan.

File an extension on April 15th.

If you file an extension you are still supposed to pay the taxes due on Apr 15th or you're subject to a penalty.

 

[dilligaf]

I'm not paying taxes anymore. I'm going to rack up a couple of million in owed taxes and then get on TV with a big smile on my face and tell everyone how I got it settled for $40,000.
Wesley Snipes should have done that.

You wanna share some of that windfall with me?

 

[lastoasis]

And if you had it in a regular savings account paying 1% interest (about the current rate some pay less), you would have netted $5.00 interest, and now you have to pay 40 some cents for a stamp? Besides the govt needs the loan.

hmmmm........let me see, wasn't there someone who said "Watch the pennies and the dollars take care of themselves"...........

 

[bumped]

I'll fess up, I use the treasury as my own personal bank account. If I didn't, we'd spend every last penny.

I do the same thing. I know its not financially sound, but I know I would piss most of it away anyways.

 

[1989]

You still have to pay an estimated amount owed, or fees and interest start racking up.

Good point. You can easily get those fees taken off your tax bill....But probably not worth the hassle for 500 bux.

 

[Ms.PacMan]

I am surprised that, as a homeowner, you don't have enough deductions to itemize.

No mortgage. I was a saver when saving wasn't cool.

 

[1989]

No mortgage. I was a saver when saving wasn't cool.

You are soooo uncool.

 

[old levi's]

You wanna share some of that windfall with me?

Hey dilligaf, I like the new look. Not so intimidating. Actually approachable.

 

[brownrod]

WEEEE

Almost time for the awesome tax return check

what are you expecting?

I expect that I owe between 1,000 and 1,500.

 

[brownrod]

My hope is that we owe $499.99 We will withdraw that money from savings and send the feds a check on April 15th. That means that we kept $499 of their money all year and earned interest on it, instead of the other way around.

that is how I do it. However, I'll send my check off probably a week before the 15th.

 

[UpstateNYUPSer(Ret)]

that is how I do it. However, I'll send my check off probably a week before the 15th.

As long as the envelope is postmarked NLT April 15th you are all set.

 

[dilligaf]

Hey dilligaf, I like the new look. Not so intimidating. Actually approachable.

I'm always approachable, just depends on how willing you are to work at it.

 

[old levi's]

I'm always approachable, just depends on how willing you are to work at it.

Roger that!

 

[hdtvtechno]

I'm getting about $50 back because of this:

http://www.irs.gov/newsroom/article/0,,id=204447,00.html

Thanks for the tip

 

[stevetheupsguy]

My hope is that we owe $499.99 We will withdraw that money from savings and send the feds a check on April 15th. That means that we kept $499 of their money all year and earned interest on it, instead of the other way around.

Wow, I wish we were so financially sound. Good job sobe!

yessir, this is the only way to fly. I encourage everyone to adopt this line of thinking immediatly.

you could get more in your paycheck every week, also alowing you to invest that money.

Or spend it on some useless stuff. I'll wait till my tax return comes and spend it on some even more expensive useless stuff, LOL. I'm hoping to get the refund back asap so's we can still be a part of the cruise. It's also good to see that I'm not the only one that has this issue.

 

[klein]

In "socialist" Canada, nothing is tax free from a paycheck.
That includes our form of your 401K.
We call them RRSP's here (Registered Retirement Savings Plan).

However, that is done outside of work (thru your bank or Mutualfund Company).
There are no instant tax savings on them.

So, when we do our return. We get about 33% back, of whatever we invested for Retirement.

Therfor, I'm looking at about $2000 this year (normally about 3500), but I couldn't afford putting more into it (without a job). Only done it, while I was working ofcourse.
Was putting away $175 a week into RRSP, now only $25.

That refund will cover my property taxes for the year.
(get 1 tax back to pay the other one) sucks.

 

[UPSGUY72]

WEEEE

Almost time for the awesome tax return check

what are you expecting?

I claim 4 so it shouldn't be that much might have to claim 5 next year. I hate given uncle sam a interest free loan.

 

[Dis-organized Labor]

I'm always approachable, just depends on how willing you are to work at it.

Are you offering Over time? Forced OT even better

 

[Babagounj]

I use the same accountant as Bernie Maddoff , so far no problems.

 

[dilligaf]

Are you offering Over time? Forced OT even better

I am open for negotiations..............