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Tax Time - 2/1/2006 10:36:03 AM   
rhondabrwn


Posts: 2582
Joined: 9/29/2004
From: Snowflake, Arizona
Status: offline
Yahoo... got about $675 coming back. Time for a new computer.

Filed electronically, of course, and expect the refunds to hit my bank account within 10 days or less.

BTW... if you are relatively poor, you can file free with TurboTax Web Version if your adjusted gross income is under $20,000. They hide it pretty good though... you need to search for "Tax Freedom Project" which will take you to:

Tax Freedom Project

My kids and I used this service for the past few years while in school. Alas, I'm over the threshold this year for the freebie.

Any happy news or IRS tragedies to share?

What games are you going to buy with YOUR refund?

_____________________________

Love & Peace,

Far Dareis Mai

My old Piczo site seems to be gone, so no more Navajo Nation pics :(
Post #: 1
RE: Tax Time - 2/1/2006 12:46:33 PM   
Raverdave


Posts: 6520
Joined: 2/8/2002
From: Melb. Australia
Status: offline
What a strange time of year to do your tax return......normal convention would have you do it at the end of the financial year rather than half way through it.

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Never argue with an idiot, he will only drag you down to his level and beat you with experience.

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Post #: 2
RE: Tax Time - 2/1/2006 4:26:45 PM   
sprior


Posts: 8758
Joined: 6/18/2002
From: Portsmouth, UK
Status: offline


quote:

What games are you going to buy with YOUR refund?


No games but the Sharpe series is being re-released in a boxed set this month. As the wife thinks Sean Bean is cute I might be able to get it as a marital aid. (Can I say that on these boards?).

I have GMT's Burning Blue on pre-order and MMP's Devils cauldron so I suppose you could say I'm buying them with my tax refund.

Also want a sub to The Cricketer magazine.

Other than that, nothing really.

_____________________________

"Grown ups are what's left when skool is finished."
"History started badly and hav been geting steadily worse."
- Nigel Molesworth.



(in reply to rhondabrwn)
Post #: 3
RE: Tax Time - 2/2/2006 10:40:23 PM   
Cap Mandrake


Posts: 25354
Joined: 11/15/2002
From: Southern California
Status: offline
Look. If we are going to have a taxpayer revolt, you guys need to stop expressing satisfaction that the the IRS deigned to give back some of your money which they had expropriated from you under the threat of imprisonment earlier in the year.

Ask them for interest on the use of your money for up to 12 months...see how far that gets you. This is also fun...spit on the envelope when you get it (not the part you have to open), then when you endorse the check, write something clever like "Infernal Revneue Service"...they love that. Don't write anything threatening though, or some men in a car with an "E" plate may visit you at home.


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Post #: 4
RE: Tax Time - 2/3/2006 2:14:41 AM   
Sarge


Posts: 2841
Joined: 3/1/2003
From: ask doggie
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quote:

ORIGINAL: Raverdave

What a strange time of year to do your tax return......normal convention would have you do it at the end of the financial year rather than half way through it.



Agreed,

1st Quarter: October 01 2005 - December 31 2005
2nd Quarter: January 01 2006 - March 31 2006
3rd Quarter: April 01 2006 - June 30 2006
4th Quarter: July 01 2006 - September 30 2006

Nothing worse then paying Accounting for two diffrent year end reports. However a new company or business has to decide at the beginning on which month their fiscal year will start.


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Post #: 5
RE: Tax Time - 2/3/2006 3:21:46 PM   
sprior


Posts: 8758
Joined: 6/18/2002
From: Portsmouth, UK
Status: offline

quote:

ORIGINAL: Cap Mandrake

Look. If we are going to have a taxpayer revolt, you guys need to stop expressing satisfaction that the the IRS deigned to give back some of your money which they had expropriated from you under the threat of imprisonment earlier in the year.

Ask them for interest on the use of your money for up to 12 months...see how far that gets you. This is also fun...spit on the envelope when you get it (not the part you have to open), then when you endorse the check, write something clever like "Infernal Revneue Service"...they love that. Don't write anything threatening though, or some men in a car with an "E" plate may visit you at home.



I just get to pay taxes here, I'm not allowed to vote. Taxation without representation? Hmmm, haven't I heard that before?


_____________________________

"Grown ups are what's left when skool is finished."
"History started badly and hav been geting steadily worse."
- Nigel Molesworth.



(in reply to Cap Mandrake)
Post #: 6
RE: Tax Time - 2/4/2006 3:10:22 AM   
rogueusmc


Posts: 4539
Joined: 2/8/2004
From: Texas...what country are YOU from?
Status: offline
What did you do that you can't vote?

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Post #: 7
RE: Tax Time - 2/4/2006 3:59:38 AM   
Sarge


Posts: 2841
Joined: 3/1/2003
From: ask doggie
Status: offline

I take it sprior is not a Citizen ,at least I hope thats why


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Post #: 8
RE: Tax Time - 2/4/2006 4:36:18 AM   
rogueusmc


Posts: 4539
Joined: 2/8/2004
From: Texas...what country are YOU from?
Status: offline
me too

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There are only two kinds of people that understand Marines: Marines and the enemy. Everyone else has a second-hand opinion.

Gen. William Thornson, U.S. Army


(in reply to Sarge)
Post #: 9
RE: Tax Time - 2/4/2006 8:21:37 AM   
Raverdave


Posts: 6520
Joined: 2/8/2002
From: Melb. Australia
Status: offline


quote:



I just get to pay taxes here, I'm not allowed to vote. Taxation without representation? Hmmm, haven't I heard that before?




Eureka Stockade.....that was one of the main contributing factors to the revolt........oh yeah, and that "little" revolt that you yanks had back in the 1700's

_____________________________




Never argue with an idiot, he will only drag you down to his level and beat you with experience.

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Post #: 10
RE: Tax Time - 2/4/2006 10:44:56 AM   
Charles_22


Posts: 3993
Joined: 3/12/2001
From: Dallas, Texas, USA
Status: offline
I don't get refunds (or I get them every month anyway. Wouldn't you want $55 more a month instead of giving the government a free loan of $675 as you do? I pay between $200-300 every year and up till that time I'm not only making more (it evens out afterall) per month but I'm also able to draw interest off of it (such that the government is almost giving me a loan, in a sense). I used to do it the way you speak of it, but doing the math I saw how I got ripped off that way. All getting a large sum in one lump does, or so it seems, is feed the mentality that it is some sort of weird bonus, when in fact it's just filing the W2 badly. Doing this, of course, often just leads people into blowing it as though it's some sort of gift anyway. Having to pay some back at the end of the year, little as my totals may be, does quite the opposite, as it encourages thrift.

I'm not sure my employer would allow me to claim such a high dependant on the W-2 but I have heard of people that paid no tax and at the end of the year paid the entire amount (now that encourages ultimate thrift). I could actually pull this off pretty easily if my finances continue to hold up as usual, but as I say I'm betting my employer won't allow it. Sure would make for some swelled paychecks and extra interest!

(in reply to rhondabrwn)
Post #: 11
RE: Tax Time - 2/4/2006 6:03:53 PM   
sprior


Posts: 8758
Joined: 6/18/2002
From: Portsmouth, UK
Status: offline

quote:

ORIGINAL: Sarge


I take it sprior is not a Citizen ,at least I hope thats why



Correct. I'm a Brit, my wife (who is a Yank) made me live here. Mostly enjoying it though I hasten to add!

_____________________________

"Grown ups are what's left when skool is finished."
"History started badly and hav been geting steadily worse."
- Nigel Molesworth.



(in reply to Sarge)
Post #: 12
RE: Tax Time - 2/4/2006 8:40:34 PM   
rhondabrwn


Posts: 2582
Joined: 9/29/2004
From: Snowflake, Arizona
Status: offline
quote:

ORIGINAL: Charles_22

I don't get refunds (or I get them every month anyway. Wouldn't you want $55 more a month instead of giving the government a free loan of $675 as you do? I pay between $200-300 every year and up till that time I'm not only making more (it evens out afterall) per month but I'm also able to draw interest off of it (such that the government is almost giving me a loan, in a sense). I used to do it the way you speak of it, but doing the math I saw how I got ripped off that way. All getting a large sum in one lump does, or so it seems, is feed the mentality that it is some sort of weird bonus, when in fact it's just filing the W2 badly. Doing this, of course, often just leads people into blowing it as though it's some sort of gift anyway. Having to pay some back at the end of the year, little as my totals may be, does quite the opposite, as it encourages thrift.

I'm not sure my employer would allow me to claim such a high dependant on the W-2 but I have heard of people that paid no tax and at the end of the year paid the entire amount (now that encourages ultimate thrift). I could actually pull this off pretty easily if my finances continue to hold up as usual, but as I say I'm betting my employer won't allow it. Sure would make for some swelled paychecks and extra interest!


Absolutely true.

This was the first year since my divorce that I wasn't a poor student collecting the Earned Income Credit for my kids. I had no tax withheld and then collected a $4,000 refund from the EIC for being part of the "working poor". Of course, now I am facing the real world for the first time in a few years. This time the witholding through my school district is quite painful and I wasn't even sure if I wouldn't be paying this year due to part of the year being in a student job at IU and half as a teacher. I'm happy to have the refund!

I'll probably consider adding a phantom dependent on a W-4 to reduce withholding (my kids are all grown and on their own as of last year).

Anyway, good advice!

_____________________________

Love & Peace,

Far Dareis Mai

My old Piczo site seems to be gone, so no more Navajo Nation pics :(

(in reply to Charles_22)
Post #: 13
RE: Tax Time - 2/5/2006 8:43:55 AM   
Charles_22


Posts: 3993
Joined: 3/12/2001
From: Dallas, Texas, USA
Status: offline
Thanks. Actually if all things will be equal, you would probably get more than $55 a month back, but I just divided your $675 by 12. Everything being the same, you would probably get more like $65 back, but whether that would be all gross or not I can only guess. you would think it would be all take home though. I never did do the precise numbers on mine, I just knew I preferred paying at the end of the year instead. The funny thing too, if you did it the way I used to (no, I'm not going to let the government see my computer and do it that way) you end up waiting another 5 years for the check to get back to you. And then there's that nasty business where the banks don't seem to want to cash them, even for such a small amount as I was getting back.


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Post #: 14
RE: Tax Time - 2/6/2006 6:18:36 AM   
Zap


Posts: 3571
Joined: 12/6/2004
From: LAS VEGAS TAKE A CHANCE
Status: offline
Tax time for me is always a good experience. I get something back each year. Actually, I view it like the commercial (USA) I get to "stick it to the man" I am the man (so i'm sticking it to myself) its my own money!!!

< Message edited by Zap -- 2/6/2006 6:23:48 AM >


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Post #: 15
RE: Tax Time - 2/6/2006 6:25:11 AM   
rhondabrwn


Posts: 2582
Joined: 9/29/2004
From: Snowflake, Arizona
Status: offline
quote:

ORIGINAL: Charles_22

Thanks. Actually if all things will be equal, you would probably get more than $55 a month back, but I just divided your $675 by 12. Everything being the same, you would probably get more like $65 back, but whether that would be all gross or not I can only guess. you would think it would be all take home though. I never did do the precise numbers on mine, I just knew I preferred paying at the end of the year instead. The funny thing too, if you did it the way I used to (no, I'm not going to let the government see my computer and do it that way) you end up waiting another 5 years for the check to get back to you. And then there's that nasty business where the banks don't seem to want to cash them, even for such a small amount as I was getting back.




Actually, since I split the year between a partime student job at Indiana University and then just 5 months at my full teacher salary here in Arizoa, I expect I would get much more back next year, especially since I had no withholding at all back in Indiana. So, I should decrease my witholding.

_____________________________

Love & Peace,

Far Dareis Mai

My old Piczo site seems to be gone, so no more Navajo Nation pics :(

(in reply to Charles_22)
Post #: 16
RE: Tax Time - 2/9/2006 5:59:04 AM   
Zodiac


Posts: 10
Joined: 9/15/2004
From: Santa Cruz, CA
Status: offline
Unfortunately, most of my expected $600 refund will be spent on my girlfriend. Can we all say "whipped!"

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"He who makes a beast of himself relieves himself the pain of being a man. "
Hunter S. Thompson (1939 - 2005)


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Post #: 17
RE: Tax Time - 2/11/2006 1:19:35 AM   
KG Erwin


Posts: 8981
Joined: 7/25/2000
From: Cross Lanes WV USA
Status: offline
Well, we are getting a hefty refund from the IRS, but the irony is that I will owe the state of West Virginia $20. It just so happens that I work for the WV State Tax Dept.

Out of the Federal refund, I'm gonna splurge for a Home-Theater System. I've wanted one for years, so I can watch my DVDs and enjoy full 5.1 digital surround.

Apart from my war-movie collection, I'm anxious to watch my rock concert collection in full aural glory. The Stones! Led Zeppelin! Bruce Springsteen and the E Street Band! Yeah!

< Message edited by KG Erwin -- 2/11/2006 1:22:59 AM >


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Post #: 18
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