Tax Deadline

I hate taxes! Can someone expalin why the cutoff this year is the 17th, if the 15th is a sun shouldn't the deadline be the 16th? H & R block told me that since I owe so much in state I better make sure that I have it postmarked by sat the 14th. Why does that matter? Shouldn't I get to the 17th also?

Fed taxes are postponed for a holiday celebrated in DC or some shizzle. I dont know about state though.

[quote5e7298ddfe]Taxpayers will have extra time to file and pay because April 15 falls on a Sunday in 2007, and the following day, Monday, April 16, is Emancipation Day, a legal holiday in the District of Columbia.[/quote5e7298ddfe]

I just got notice, I"m getting back $1370 bucks!!

You guys are just now doing taxes? I've done 3 peoples this week and they look at me funny when I said I filed Feb 2nd.... Of course, I got $4500 back, so I was a little anxious.

But if you need more time you can always fill out Form 4868[=http//www.irs.gov/pub/irs-pdf/f4868.pdf?portlet=2]Form 4868, it'll give you 6 more months to procrastinate. You can e-file for an extension too, but I don't know exactly how that is done.

yeah anyone who puts off their taxes is silly. u should always DO them way early and then send them in right before the deadline IF you owe money. i got my refund 3/30 from the feds )

last day is the 15 i did mine and got $218 lmao as a return

[quote163f97a103="gmario"]last day is the 15 i did mine and got $218 lmao as a return[/quote163f97a103]

As it was said earlier in the thread, last day is the 17th.

I owe them over $2,000 (

[quote9d1662a06e="bruman"]I owe them over $2,000 ([/quote9d1662a06e]
http//forum.freeipodguide.com/smilies_mod/upload/abe979ebcd2eba4036753ad83faf57e5.gif[" alt=""/img9d1662a06e]

[quote0595b0b386="bruman"]I owe them over $2,000 ([/quote0595b0b386]

i know where 1370 of that is going

[quote0595b0b386="O4F-Manofice"]I just got notice, I"m getting back $1370 bucks!![/quote0595b0b386]

-dan

[quote243b77a9c8="DRay9911"][quote243b77a9c8="bruman"]I owe them over $2,000 ([/quote243b77a9c8]

i know where 1370 of that is going

[quote243b77a9c8="O4F-Manofice"]I just got notice, I"m getting back $1370 bucks!![/quote243b77a9c8]

-dan[/quote243b77a9c8]

LOL tell the IRS you will cut them a deal bruman and just send manofice the money.

I just paid quarterly taxes today ) Weeee

I really have yet to experience any major tax refunds. I think I get around $50 back....woo.

AUGH!!!!!!!!!

First, H&R Block is a racket. They can't do anything for you that you can't do yourself throught the IRS website. How much do they charge now. I think it is $200. No way in HELL am I going to make a $200 mistake on my income taxes!! Why throw the money away!? Go to irs.gov & efile. Under a certain income threshold, efile is free. My wife and I filed seperately, which got us each under the threshold.

Second, there is nothing to celebrate when you get $$ back from the IRS. They are not doing you a favor. They ripped that money out of your paycheck. In most cases, they take too much and have to give some back. Instead of saying "Yeah, I got $1000 back!", you should say (Damn government took $1000 too much out of my paycheck and now they have to give it back, but I don;t get any interest on it!"

Please get and read this book. The IRS must DIE!!!!


The Fair Tax Book Saying Goodbye to the Income Tax and the IRS by Neal Boortz and John Linder (Paperback - May 2, 2006)

[quotec9cda3d5ec="moneymoneynow"]They ripped that money out of your paycheck. In most cases, they take too much and have to give some back. Instead of saying "Yeah, I got $1000 back!", you should say (Damn government took $1000 too much out of my paycheck and now they have to give it back, but I don;t get any interest on it!"[/quotec9cda3d5ec]

Nobody is forcing you to have that much withheld from your paycheck. Talk to your human resources department, and have your withholdings dropped to a level that will require you to pay money to the government and the end of the year. Don't act like Uncle Sam is just arbitrarily picking an amount to take out of each check - that's in your control to some extent.

It is true that what they are paying back to me is interest-free... but for such a small amount of money per check, that $1000 would have either gone in to my checking out in small increments each week, or it would have gotten spent. If I let it sit in my account, it would have been 9 months before I had a decent amount in there to make a difference on interest - but chances are it would have gotten spent in my case.

My wife and I decided when we got married that tax refunds should always be spent on something fun like a small trip, since we do so well at saving in the money market and Roth IRA accounts all year long. True, they've got that money for a year, but it's not that significant, and it's my choice if I want less withheld each pay period.

I'm with CG. I (try to at least) divert money to savings. Inevitably, we tap savings for medical expenses, vacations, emergency repairs... stuff that savings is meant for. However by allowing the IRS to hold on to some of my money for me, it doesn't get spent in the nickle & dime stuff that it WOULD be spent on if I received it, and every year I get a couple of nice little surprises. Of course in recent years, with all but one of our kids leaving home, my income rising, mortgage interest gets paid down, etc., (and now add in a few thousand in freebie income) my refund has dwindled considerably, to the point that next year I'm in danger of owing, if I don't adjust my withholdings.

Time to edit my W2 withholdings I guess. I lihateli owing money at tax time, I'd much rather receive a check, even if it IS my money.

BTW my largest refund ever (fed+state) was a bit over $7000. First full tax year after we built our house, all the kids were home, income wasn't so high. Before that we were renting, and paid ~$1000 every year at tax time. It was a huge deal to suddenly start getting so much money back.

[quotefbfa4073ee="dmorris68"]I'm with CG. I (try to at least) divert money to savings. Inevitably, we tap savings for medical expenses, vacations, emergency repairs... stuff that savings is meant for. However by allowing the IRS to hold on to some of my money for me, it doesn't get spent in the nickle & dime stuff that it WOULD be spent on if I received it, and every year I get a couple of nice little surprises. Of course in recent years, with all but one of our kids leaving home, my income rising, mortgage interest gets paid down, etc., (and now add in a few thousand in freebie income) my refund has dwindled considerably, to the point that next year I'm in danger of owing, if I don't adjust my withholdings.

Time to edit my W2 withholdings I guess. I lihateli owing money at tax time, I'd much rather receive a check, even if it IS my money.

BTW my largest refund ever (fed+state) was a bit over $7000. First full tax year after we built our house, all the kids were home, income wasn't so high. Before that we were renting, and paid ~$1000 every year at tax time. It was a huge deal to suddenly start getting so much money back.[/quotefbfa4073ee]

This year's refund is paying for my wife to meet me in London while I'm over there on my next business trip. My company will pay for my expenses (minus the touristy stuff we're going to do) and the hotel, so all I need to cover is her plane ticket, food, and whatever attractions we visit. There's no way I would have saved that money on my own (or if I did, not in any liquid form).

just did my taxes, i'm paying 472 total (i have to pay every year anyway).

not bad considering everything i received in 2006, i had to actually claim $4600 in 1099s.

-dan

Last day is the 17th and H&R Block is a rip off and they don't even know what they're doing.

[quote2a189e76e9="23deuce23"]Last day is the 17th and H&R Block is a rip off and they don't even know what they're doing.[/quote2a189e76e9]

I'm afraid this is true. I worked for them years ago. Many people don't know what they are doing. They also have some people who know a lot. They are usually managers. They also charge a lot.

Most people with simple taxes (W-2's, interest income and maybe itemized deductions) are just as well off buying a tax program like Turbo Tax and answering the questions. It will probably take longer, but you will save a lot of money. There are also some sites where you can prepare and file your taxes for free if you meet certain criteria. You can find these at irs.gov.

Good Luck everyone! Deadline is tomorrow!

just for the heck of it, i filled out a 1040ez form as though i never received the 1099s. i would have had a refund of $362.

so the $4600 in 1099s cost me $698 (paying $336 instead of getting back $362)...or 15%

i just recalculated my state taxes not taking into consideration the 1099s, i would have received $6...instead i'm paying $136 (difference of $142)

so total, the $4600 cost me $842 in state/federal taxes (18%).

i just remembered i changed my withholding to 0 this time last year, good thing (otherwise i'd be paying even more).

-dan

[quoteef086c3324="bruman"]I owe them over $2,000 ([/quoteef086c3324]

Join the club (