J
jmog
Posts: 6,567
Feb 14, 2012 3:34pm
Unless it is the first time you have ever received a bonus, you should have realized the error as soon as you looked at it.bases_loaded;1085888 wrote:I paid $5,100 and still owe $3k, payroll made a mistake apparently on my 20k bonus
Bonus's are taxed to hell, typically you would only see about 60% of a bonus after taxes (at best).
justincredible
Posts: 32,056
Feb 14, 2012 3:40pm
We had a fairly difficult return last year but I did it on either TT or HRBlock's website. It said we owed the $4k. My wife decided that I must have done something wrong so I redid it. Same number. She then decided that we should go to HRBlock and have someone do our taxes for us. So we paid them ~$300 to tell us we owed...$4k. Awesome.Automatik;1085896 wrote:Same thing happened to me before I switched to Turbotax.
If you don't have any dependents, property, single, etc. its the best way to go. I'm not sure how much it would cost for a professional to do, but I'm sure its more than TT.
S&L I would suggest running your info on TT and H&R Blocks online system just to check for sure.
Laley23
Posts: 29,506
Feb 14, 2012 3:44pm
Which TurboTax edition if you are an independant contractor? Ive never used it, but as far as I know the free edition and basic edition only work for a return/refund.
Since I dont have taxes taken out, I always gotta figure out what I owe, and its a pain.
Since I dont have taxes taken out, I always gotta figure out what I owe, and its a pain.
Commander of Awesome
Posts: 23,151
Feb 14, 2012 3:45pm
That explains the weight gain. Depression of having to move back in with the folks would do it.SportsAndLady;1085893 wrote:Yeah I resigned, was actually losing money out there.
J
jmog
Posts: 6,567
Feb 14, 2012 3:47pm
I used to go to HRBlock and will never do it again. TT gets me just as much back (I hope this year, it will be close, might owe something) and I pay what, $35 for TT tops instead of $300 to go to HRBlock.justincredible;1085908 wrote:We had a fairly difficult return last year but I did it on either TT or HRBlock's website. It said we owed the $4k. My wife decided that I must have done something wrong so I redid it. Same number. She then decided that we should go to HRBlock and have someone do our taxes for us. So we paid them ~$300 to tell us we owed...$4k. Awesome.
justincredible
Posts: 32,056
Feb 14, 2012 3:50pm
Yeah, we'll never go back. My wife is now confident that I know what I'm doing so I can do them from now on. We had always done it ourselves in previous years but we had a few extra forms and a lot of deductions last year so she wanted to be safe, I guess.jmog;1085915 wrote:I used to go to HRBlock and will never do it again. TT gets me just as much back (I hope this year, it will be close, might owe something) and I pay what, $35 for TT tops instead of $300 to go to HRBlock.
SportsAndLady
Posts: 35,632
Feb 14, 2012 3:50pm
The picture you saw me in was when I was in NJ, working at my job lol idiotCommander of Awesome;1085913 wrote:That explains the weight gain. Depression of having to move back in with the folks would do it.
I gained a whopping 4 pounds since I moved out to NJ, so I don't really know what you're talking about lol
I blame the 4 pounds on delicious NJ food
Skyhook79
Posts: 5,739
Feb 14, 2012 5:00pm
You would think with all the fap,fap,faping you claim to do the weight gain would be offset.SportsAndLady;1085918 wrote:The picture you saw me in was when I was in NJ, working at my job lol idiot
I gained a whopping 4 pounds since I moved out to NJ, so I don't really know what you're talking about lol
I blame the 4 pounds on delicious NJ food
SportsAndLady
Posts: 35,632
Feb 14, 2012 5:07pm
You're creepishly obsessed with meSkyhook79;1085979 wrote:You would think with all the fap,fap,faping you claim to do the weight gain would be offset.
Skyhook79
Posts: 5,739
Feb 14, 2012 5:08pm
.*SportsAndLady;1085986 wrote:You're creepishly obsessed with me
ernest_t_bass
Posts: 24,984
Feb 14, 2012 5:14pm
justincredible;1085870 wrote:My wife and I owed $4k last year. Be thankful.
Wtf? Why?
dwccrew
Posts: 7,817
Feb 14, 2012 5:27pm
Did you get taxes deducted out of the commissions? If not, that could be why you feel your return is low, you owed money on the commissions. I am not close to a tax expert though. Hope this helps.SportsAndLady;1085858 wrote:Do you have a link to this?
My dad's tax guy did mine for me..and he said this guy is really good; but it just seemed so low for me, I mean it was under 50% of what they took out while I was there.
Bullshit alert! It'd be cool if you did though. Let us know how that goes if you have the balls to do it.Belly35;1085882 wrote:Don’t worry about it..</SPAN>
This is what I’m going to do.
I’m going to delay coming up with a plan or filing my taxes for the next 1000 days. Then I’m going to submit a plan that will take 10 years to pay off my taxes in the mean time I’m going to spend more so I have less to pay in the next 10 years . </SPAN>
SportsAndLady
Posts: 35,632
Feb 14, 2012 5:28pm
Yeah my commission was taxeddwccrew;1085996 wrote:Did you get taxes deducted out of the commissions? If not, that could be why you feel your return is low, you owed money on the commissions. I am not close to a tax expert though. Hope this helps.
Bullshit alert! It'd be cool if you did though. Let us know how that goes if you have the balls to do it.
dwccrew
Posts: 7,817
Feb 14, 2012 5:34pm
Hmm, then it is just another case of the government fucking you once again. I am hoping just to break even, but I am guessing I'll owe a bit this year. I almost was perfect last year. Owed the federal $19 and got less than $200 back from the state. If I could make it 0, it'd be perfect.SportsAndLady;1085998 wrote:Yeah my commission was taxed
said_aouita
Posts: 8,532
Feb 14, 2012 5:56pm
Also check deductibles. If you have more then one, they are taking out less of each check so come tax time you'll get less back.
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MontyBrunswick
Feb 14, 2012 6:18pm
I got about $24k back.
j_crazy
Posts: 8,372
Feb 14, 2012 6:29pm
I'm curious what we get/owe. Got like 1800 last year. I didn't change anything, but we had another kid and tons of medical expenses for his surgery so we might get a lot more back. Which sucks.
Fly4Fun
Posts: 7,730
Feb 14, 2012 6:30pm
From all the $$$ he gets from this gem of a website probably.ernest_t_bass;1085991 wrote:Wtf? Why?
Terry_Tate
Posts: 7,606
Feb 14, 2012 6:31pm
Damn it, beat me by 2 minutes on making that joke. Nice.Fly4Fun;1086031 wrote:From all the $$$ he gets from this gem of a website probably.
hasbeen
Posts: 6,504
Feb 14, 2012 6:49pm
I get $363 back total! I'm excited because I don't think I've ever gotten that much. I only work in summer and winter so it's badass.
GoChiefs
Posts: 16,754
Feb 14, 2012 6:58pm
pnhasbeen;1086045 wrote:I get $363 back total! I'm excited because I don't think I've ever gotten that much. I only work in summer and winter so it's badass.
We get a whopping $193. Of course, I filed exempt for 4 months last year.
Midstate01
Posts: 14,766
Feb 14, 2012 7:26pm
Owed over 3,000 last year after getting my stock money from
The company when I left. I owed over 2500 last year. Getting back 5,800 this year. Thank you newborn child!!!!!
The company when I left. I owed over 2500 last year. Getting back 5,800 this year. Thank you newborn child!!!!!
LJ
Posts: 16,351
Feb 14, 2012 8:21pm
Quarterly estimated payments crew?
I just adjust my final quarterly payment to make sure my balance is $0.
Except when the IRS was too stupid to figure out that my tax preparer accidently put my estimated payments amount on the "withheld" line rather than the "estimated payments" line. That then doubled my "account" with the IRS, causing them to send me a refund in the total amount that I had paid in. Then rejected the amount when I sent it back FIVE FUCKING TIMES. Then they decided, after finally understanding what happened, that I owed late fees and interest.
Fucking morons.
/rant
I just adjust my final quarterly payment to make sure my balance is $0.
Except when the IRS was too stupid to figure out that my tax preparer accidently put my estimated payments amount on the "withheld" line rather than the "estimated payments" line. That then doubled my "account" with the IRS, causing them to send me a refund in the total amount that I had paid in. Then rejected the amount when I sent it back FIVE FUCKING TIMES. Then they decided, after finally understanding what happened, that I owed late fees and interest.
Fucking morons.
/rant
Ironman92
Posts: 49,363
Feb 14, 2012 8:26pm
My wife and I got back $3800 in federal....hope this helps
ernest_t_bass
Posts: 24,984
Feb 14, 2012 8:32pm
$6,600 federal. About $550 bt Ohio and Indiana. About $175 SD.