Belly35
Posts: 9,716
Apr 14, 2014 6:24am
Paying or Get back?
I'm picking the wife and mine taxes up today....
city ... Break even
state... Break even
feds.... I will be paying out ....
I'm picking the wife and mine taxes up today....
city ... Break even
state... Break even
feds.... I will be paying out ....
M
Manhattan Buckeye
Posts: 7,566
Apr 14, 2014 6:37am
Will send this to the politics forum most likely - tax status, we're pissed. Because of international accounting rules we literally paid a double tax for calendar year 2013. We paid the full amount in the UK which is close to 40%, but because it was only withheld and not accrued we still had to pay US tax of 28%. Deloitte says we'll get most of the 28% US back for tax year 2014, but that is a year away, and it is effectively an interest free loan to GOVCO. Assuming of course we actually get it back. And our elected leaders get by with paying only 20%. We literally wrote the biggest check in our lives (even more than our house down-payment) to feed the pigs' trough. Ridiculous.
Devils Advocate
Posts: 4,539
Apr 14, 2014 7:05am
^^ Sounds like you hit the ever popular asshole tax. 
M
Manhattan Buckeye
Posts: 7,566
Apr 14, 2014 7:12am
I don't know about that, but we took it up the rear end. It is ridiculous. Hopefully we'll get it back, but not until next April. I want to kick everyone that created our tax code in the crotch. Some serious roshimbo action.
like_that
Posts: 26,625
Apr 14, 2014 7:38am
I owed DC and the Feds money. They can GFT.
ernest_t_bass
Posts: 24,984
Apr 14, 2014 7:38am
We received our return back in February. Taxes have long since been done.
Raw Dawgin' it
Posts: 11,466
Apr 14, 2014 8:23am
Owed 1 state $3,500, getting $4,800 back from other state and feds.
TedSheckler
Posts: 3,974
Apr 14, 2014 8:26am
Got a refund from Fed and State. Filed those months ago.
I owe city. Mailing the return and check today.
I owe city. Mailing the return and check today.
wildcats20
Posts: 27,794
Apr 14, 2014 8:28am
Same here.TedSheckler;1604755 wrote:Got a refund from Fed and State. Filed those months ago.
I owe city. Mailing the return and check today.
bases_loaded
Posts: 6,912
Apr 14, 2014 8:32am
Owed $9 to city
Got $138 from state
Owed $704 to Obama
Got $138 from state
Owed $704 to Obama
Automatik
Posts: 14,632
Apr 14, 2014 8:32am
Done and spent since early February.
Got an ok return from the fed, threw all of it at some debt
Got an ok return from the fed, threw all of it at some debt
ernest_t_bass
Posts: 24,984
Apr 14, 2014 8:33am
Our total return was about $7,200. 100% spent towards CC debt, built up paying for a Masters degree.
R
raiderbuck
Posts: 1,623
Apr 14, 2014 9:14am
Got back $1700 from the feds. No crazy tax deductions for me. Just normal w2 income.
ernest_t_bass
Posts: 24,984
Apr 14, 2014 9:24am
I know the snobs on here will say I'm doing it wrong, but I don't care. I like a big tax return. Deductions last year:raiderbuck;1604772 wrote:Got back $1700 from the feds. No crazy tax deductions for me. Just normal w2 income.
- 2 kids
- 2 mortgages (interest... sucks)
- Rental home depreciation
- School loans
- School tuition
- Standard job deduction
W
WebFire
Posts: 14,779
Apr 14, 2014 9:27am
I actually enjoy making more money every check. But to each his own.ernest_t_bass;1604776 wrote:I know the snobs on here will say I'm doing it wrong, but I don't care. I like a big tax return. Deductions last year:
- 2 kids
- 2 mortgages (interest... sucks)
- Rental home depreciation
- School loans
- School tuition
- Standard job deduction
Owed some to Feds, got some back from state. Net about -$128.
Heretic
Posts: 18,820
Apr 14, 2014 9:51am
Yep, that's how I do things. Or, to better put it, will do things tomorrow. When it comes to shit like this, waiting until the last minute is the only option.WebFire;1604779 wrote:I actually enjoy making more money every check. But to each his own.
Owed some to Feds, got some back from state. Net about -$128.
Heretic
Posts: 18,820
Apr 14, 2014 9:52am
$7200 does not equal $20, so this confuses me.ernest_t_bass;1604761 wrote:Our total return was about $7,200. 100% spent towards CC debt, built up paying for a Masters degree.
ernest_t_bass
Posts: 24,984
Apr 14, 2014 9:53am
I'm not CCRunner.Heretic;1604787 wrote:$7200 does not equal $20, so this confuses me.
J
jmog
Posts: 6,567
Apr 14, 2014 10:06am
State-$600 return
Federal-$700 owed
Sending it all out tonight or tomorrow. I did it just about right this year, owe a net of $100.
Federal-$700 owed
Sending it all out tonight or tomorrow. I did it just about right this year, owe a net of $100.
Heretic
Posts: 18,820
Apr 14, 2014 11:03am
But you have CC debt. Which would be $20.ernest_t_bass;1604788 wrote:I'm not CCRunner.
ernest_t_bass
Posts: 24,984
Apr 14, 2014 11:04am
LOL. I'm retarded.Heretic;1604822 wrote:But you have CC debt. Which would be $20.
Laley23
Posts: 29,506
Apr 14, 2014 11:26am
Lol'dHeretic;1604787 wrote:$7200 does not equal $20, so this confuses me.
GoChiefs
Posts: 16,754
Apr 14, 2014 12:28pm
Paid $400 to the feds
Got $200 back from the state
Got $200 back from the state
SportsAndLady
Posts: 35,632
Apr 14, 2014 12:33pm
Got a hundred back from Illinois
Got a grand back from the Feds.
Spent it all already on alcohol, etc.
Got a grand back from the Feds.
Spent it all already on alcohol, etc.
mucalum49
Posts: 1,639
Apr 14, 2014 12:37pm
Got back about $1,800 total from Feds and State. Student loan interest factored into taxes helps me get back a decent return. Although I'd much rather pay then have the debt so it's whatever.
Received a CP2000 form for my year 2012 taxes. Has anyone received this? The IRS said I received $2k more from securities than I really did and they wanted to tax me $1,250 on the amended return. I have all the account statements and tax forms showing information in my favor. I was just curious if anyone else ever received this and how difficult it was to have the IRS admit the original filing was correct.
Received a CP2000 form for my year 2012 taxes. Has anyone received this? The IRS said I received $2k more from securities than I really did and they wanted to tax me $1,250 on the amended return. I have all the account statements and tax forms showing information in my favor. I was just curious if anyone else ever received this and how difficult it was to have the IRS admit the original filing was correct.