Ducati Monster Forum

Kitchen Sink => No Moto Content => Topic started by: sofadriver on April 02, 2012, 10:11:36 PM

Title: taxes
Post by: sofadriver on April 02, 2012, 10:11:36 PM
Just finally got up off my lazy ass (well, I didn't actually get up [roll]) and did my taxes.
42 minutes.
Lovins me somes free on-line tax prep / e-file / direct deposit!  Yeah, BABY !
The refund's already burning a hole in my pocket!  ;D
(all I have to do is file 79 more times and I can afford that NCR M4 I've been a'hankerin for  [thumbsup])
Title: Re: taxes
Post by: Monsterlover on April 03, 2012, 01:12:47 PM
Ours took like 5 hours

But we also were doing our corporate return so. . .

it was messy.

But we got back everything federal we paid personally [thumbsup]
Title: Re: taxes
Post by: timeforpoptarts on April 03, 2012, 01:25:08 PM
Quote from: Monsterlover on April 03, 2012, 01:12:47 PM
But we got back everything federal we paid personally [thumbsup]
Definitely wish that was my case!
Title: Re: taxes
Post by: cokey on April 03, 2012, 01:40:22 PM
Have kids lol.   I claim a high number cause of dependents..  granted I only got back a lil over 3 k but my take home is 15k+ above what I use to get...
Title: Re: taxes
Post by: timeforpoptarts on April 03, 2012, 01:42:36 PM
Quote from: cokey on April 03, 2012, 01:40:22 PM
Have kids lol.   I claim a high number cause of dependents..  granted I only got back a lil over 3 k but my take home is 15k+ above what I use to get...
I think I can deal with the government keeping some of my money for a few more years ;).
Title: Re: taxes
Post by: cokey on April 03, 2012, 01:46:07 PM
Lol I don't blame u.. im so tired..
Title: Re: taxes
Post by: Heath on April 03, 2012, 02:12:28 PM
The wife and I broke almost even this year.  Had to pay a little on Federal and got some back on State to cover that.  Big difference seeing as last year we got $2k back.  =(
Title: Re: taxes
Post by: MendoDave on April 03, 2012, 03:50:55 PM
If I could only get my 1099.....
Title: Re: taxes
Post by: muskrat on April 03, 2012, 03:57:31 PM
remember you want your number to be ZERO pay ZERO return. that's all I'll say.  :-X
Title: Re: taxes
Post by: swampduc on April 03, 2012, 04:31:40 PM
What's a refund?  :(
I haven't seen one of those in years  :P
Title: Re: taxes
Post by: NAKID on April 03, 2012, 04:34:20 PM
I have my taxes just about perfect right now. My federal refund was $9. Yes, NINE DOLLARS!!!
Title: Re: taxes
Post by: cokey on April 03, 2012, 04:45:26 PM
How do we get at zero..  teach us...
Title: Re: taxes
Post by: NAKID on April 03, 2012, 04:51:17 PM
How much do you have withheld from each paycheck?
Title: Re: taxes
Post by: hbliam on April 03, 2012, 04:53:22 PM
Quote from: cokey on April 03, 2012, 04:45:26 PM
How do we get at zero..  teach us...

Ask your CPA....but to keep it simple...if you are a W2 employee, up your claimed deductions. For instance, instead of claiming married 2, claim married 6.
Title: Re: taxes
Post by: NAKID on April 03, 2012, 04:54:29 PM
http://www.irs.gov/individuals/article/0,,id=96196,00.html (http://www.irs.gov/individuals/article/0,,id=96196,00.html)

Start here...
Title: Re: taxes
Post by: lethe on April 03, 2012, 04:57:46 PM
or just donate your refund to me to zero it out  [thumbsup]
Title: Re: taxes
Post by: sofadriver on April 03, 2012, 06:27:25 PM
Quote from: NAKID on April 03, 2012, 04:34:20 PM
I have my taxes just about perfect right now. My federal refund was $9. Yes, NINE DOLLARS!!!

You've got that DIALED!  [thumbsup]  Can't get much better than that!

Years ago I was telling a friend that I had gotten a $3200 refund.
He said "So you loaned the goverment $3200 interest free for a year?"
What an eye opener!
I pay close attention to my deductions now.
Title: Re: taxes
Post by: NAKID on April 03, 2012, 06:30:26 PM
Quote from: sofadriver on April 03, 2012, 06:27:25 PM
You've got that DIALED!  [thumbsup]  Can't get much better than that!

Years ago I was telling a friend that I had gotten a $3200 refund.
He said "So you loaned the goverment $3200 interest free for a year?"
What an eye opener!
I pay close attention to my deductions now.

Yup. Took a bit to get to that point. But the link I posted helps you as long as you can project well...
Title: Re: taxes
Post by: muskrat on April 03, 2012, 08:50:14 PM
I've spent three years telling my wife the reason why it should be zero.......you should meet her sisters.  [bang]
Title: Re: taxes
Post by: sofadriver on April 03, 2012, 08:54:34 PM
Quote from: muskrat on April 03, 2012, 08:50:14 PM
.......you should meet her sisters. 

TWINS?!!!  [drool] [drool]
Title: Re: taxes
Post by: timeforpoptarts on April 04, 2012, 03:37:29 AM
Quote from: sofadriver on April 03, 2012, 08:54:34 PM
TWINS?!!!  [drool] [drool]
ZING!
Title: Re: taxes
Post by: cokey on April 04, 2012, 07:34:58 AM
I claim 12, 3 kids and wife not working.. had my 401k % low for a bit but going to put it back up to 10% (company matches) this week.. ill read the link..
Title: Re: taxes
Post by: ducatiz on April 04, 2012, 07:57:24 AM
Quote from: sofadriver on April 03, 2012, 06:27:25 PM
You've got that DIALED!  [thumbsup]  Can't get much better than that!

Years ago I was telling a friend that I had gotten a $3200 refund.
He said "So you loaned the goverment $3200 interest free for a year?"
What an eye opener!
I pay close attention to my deductions now.

It's not 3200 for a year.

At the end of January, it was 3200/12, end of February it was (3200/12)*2 and so on.

Title: Re: taxes
Post by: muskrat on April 04, 2012, 08:33:56 AM
Quote from: sofadriver on April 03, 2012, 08:54:34 PM
TWINS?!!!  [drool] [drool]
good luck with those two.  they are mean as hell. 
I'll pay for your funeral.  [coffee]
Title: Re: taxes
Post by: AdmiralKit on April 04, 2012, 09:35:48 AM
I got a $1 refund from the State of Illinois last year.  They sent me a nice check for it and everything.

Given their terrible budget issues, I was tempted to send it back and say, "You need this more than I do."
Title: Re: taxes
Post by: Le Pirate on April 04, 2012, 12:07:06 PM
Quote from: muskrat on April 03, 2012, 08:50:14 PM
I've spent three years telling my wife the reason why it should be zero.......you should meet her sisters.  [bang]

It took a while to convince my wife that we DO NOT want a big refund. She still gets mad when her friends brag about all the crap they bought with their refunds  [laugh]


I tell her she should brag to them about the extra couple hundred she has in her pocket each month, while they're complaining about not having enough money at the end of the month  [laugh]

(guess I should explain here that they're all teachers, so they get paid once a month on the 1st)
Title: Re: taxes
Post by: muskrat on April 04, 2012, 02:26:38 PM
Quote from: Le Pirate on April 04, 2012, 12:07:06 PM
It took a while to convince my wife that we DO NOT want a big refund. She still gets mad when her friends brag about all the crap they bought with their refunds  [laugh]


I tell her she should brag to them about the extra couple hundred she has in her pocket each month, while they're complaining about not having enough money at the end of the month  [laugh]

(guess I should explain here that they're all teachers, so they get paid once a month on the 1st)
of the 4 girls in her family 3 are Teachers.  I feel your pain. 
Title: Re: taxes
Post by: lethe on April 04, 2012, 02:28:53 PM
Quote from: AdmiralKit on April 04, 2012, 09:35:48 AM
I got a $1 refund from the State of Illinois last year.  They sent me a nice check for it and everything.

Given their terrible budget issues, I was tempted to send it back and say, "You need this more than I do."
years ago, when I did them I came up with that I owed 1 cent. I sent the IRS a check for $.01. They cashed it. I have it in a box somewhere in the attic i think.  [laugh]