The Tax Thread - 2011

Home ▸ Archive ▸ Serious Business ▸ The Tax Thread - 2011
majorspark's avatar

majorspark

Senior Member

5,122 posts
Jan 25, 2011 12:08 AM
LJ;650781 wrote:I hope to owe ~$100

I can't file till mid Feb due to Schedule C issues

I file a schedule C every year. Just starting to get fully into my tax situation this weekend. What schedule C issue are you talking about? Is it something pertaining to you personally (if so I don't need to know)? If not fill me in. I a m hoping to get everything in order by the end of the month.

Every tax year I straddle the fence on owing a small amount and receiving a small amount. I don't give the feds free loans.
Jan 25, 2011 12:08am
LJ's avatar

LJ

Senior Member

16,351 posts
Jan 25, 2011 12:13 AM
majorspark;651824 wrote:I file a schedule C every year. Just starting to get fully into my tax situation this weekend. What schedule C issue are you talking about? Is it something pertaining to you personally (if so I don't need to know)? If not fill me in. I a m hoping to get everything in order by the end of the month.

Every tax year I straddle the fence on owing a small amount and receiving a small amount. I don't give the feds free loans.

I meant schedule A, which will impact a lot of people. It's because of the tax law passing late.
Jan 25, 2011 12:13am
hoops23's avatar

hoops23

Senior Member

15,696 posts
Jan 25, 2011 12:17 AM
I'm getting the most back this year than I have ever gotten, thanks to my 9 month old.

It's welcome money though, as most of it is going to her needs now and a portion of that is also going into her "Disney fund"...
Jan 25, 2011 12:17am
F

Fred Flintstone

Senior Member

366 posts
Jan 25, 2011 7:55 AM
I'll be paying for the first time. I am usually about even and get a little back but this year I will be dealing with capital gains and paying the taxes on them.
Jan 25, 2011 7:55am
J

jmog

Senior Member

6,567 posts
Jan 25, 2011 11:19 AM
I think I am going to owe close to $1000...and I'm ok with that...means my savings account grew by at least $1000 more this year than it would have ;).
Jan 25, 2011 11:19am
j_crazy's avatar

j_crazy

7 gram rocks. how i roll.

8,372 posts
Jan 29, 2011 8:09 PM
i'm still waiting on things to come in for us to be ready. this is the worst part, waiting. I hate waiting until late to do them.
Jan 29, 2011 8:09pm
iclfan2's avatar

iclfan2

Reppin' the 330/216/843

6,360 posts
Jan 29, 2011 8:59 PM
Just looked at mine. I should be getting about $1700 back for federal and $100 for state (State seems low but oh well). This is the first year I have worked a full time job for the complete year and DAMN does the government take a lot of my monies. 1/5 of your income going to the government is crazy to me so I don't know how those of you making real money can even look at your taxes. (And yes I know getting back so much is dumb, but until the Bernank quits holding interest rates hostage it really isn't hurting me b/c as an accountant I am too risk averse to play around in the market yet anyway.)
Jan 29, 2011 8:59pm
J

June18

Senior Member

298 posts
Jan 29, 2011 11:02 PM
Just did mine on Turbo tax. Getting about $4k back. Good for a vegas trip in March.
Jan 29, 2011 11:02pm
j_crazy's avatar

j_crazy

7 gram rocks. how i roll.

8,372 posts
Jan 31, 2011 8:50 PM
I'm ashamed at what I'm getting back. I even decreased my withholding (after getting like 8K back in 2009) and still i'm getting a lot back (like 3% of my AGI). I paid the extra cash to have a tax pro look at my turbo tax thing to make sure I'm good, I did this because I'm a n00b at doing my own taxes.
Jan 31, 2011 8:50pm