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-   -   Well, I boned my taxes... (https://www.seccs.org/forums/showthread.php?t=1354)

sperry 2004-04-14 11:47 AM

Well, I boned my taxes...
 
...luckily the mistake I made means I overpayed to the tune of $500! :D So I need to mail off my 1040-X amendment form, and I should get back a grip of cash in a few weeks! w00t! :disco:

ArthurS 2004-04-14 11:53 AM

Grrrrr...

I owe 900.00$...but we are still calculating in all the deducations today...hopefully I can get that number close to 0.00$

MikeSTI 2004-04-14 12:41 PM

dumb a** :lol:

MattR 2004-04-14 01:03 PM

Quote:

Originally Posted by ArthurS
Grrrrr...

the deducations


I like that word. What does it mean? :lol:

Kevin M 2004-04-14 01:05 PM

Quote:

Originally Posted by MattR
Quote:

Originally Posted by ArthurS
Grrrrr...

the deducations


I like that word. What does it mean? :lol:

It's what you get when you hang out in Nevada too much. ;)

sperry 2004-04-14 01:50 PM

Quote:

Originally Posted by BAN SUVS
Quote:

Originally Posted by MattR
Quote:

Originally Posted by ArthurS
Grrrrr...

the deducations


I like that word. What does it mean? :lol:

It's what you get when you hang out in Nevada too much. ;)

No, that's syphilis.

ArthurS 2004-04-14 02:10 PM

Whoops. You might not be able to spell everything right after you get a 905.00$ bill from the IRS. :x

MattR 2004-04-14 02:14 PM

Quote:

Originally Posted by ArthurS
Whoops. You might not be able to spell everything right after you get a 905.00$ bill from the IRS. :x

yikes!

sperry 2004-04-14 02:50 PM

Quote:

Originally Posted by MattR
Quote:

Originally Posted by ArthurS
Whoops. You might not be able to spell everything right after you get a 905.00$ bill from the IRS. :x

yikes!

Mine was $1034... including the $500 I overpaid (so it's really only $534). But it still sucks considering the IRS has already confiscated like $10,000 over the course of the year. :x

STIwish 2004-04-14 03:50 PM

I got almost $600 as a return :)

ShawnS 2004-04-14 05:57 PM

At least you guys got your W-2s'. The shipping and receiving company I worked for all last year went out of business and I didnt get any forms. Does anyone know how to file for an extension?

ArthurS 2004-04-14 06:04 PM

Quote:

Originally Posted by ShawnS
At least you guys got your W-2s'. The shipping and receiving company I worked for all last year went out of business and I didnt get any forms. Does anyone know how to file for an extension?

Its actually super easy I have been told. I can ask my tax guy tomorrow if no one else knows.

MattR 2004-04-14 08:39 PM

You have to physically go to the post office or IRS, fill out an extension form, and submit it ASAP. You can;t do it online or over the phone which sucks.

ShawnS 2004-04-15 05:21 PM

Quote:

Originally Posted by MattR
You have to physically go to the post office or IRS, fill out an extension form, and submit it ASAP. You can;t do it online or over the phone which sucks.

You dont have to go to the post office. They dont even have froms at the post office. They have them at the library. And you can apply for an extension over the phone. Quick and easy.

MattR 2004-04-15 09:00 PM

O, I heard post office, but Library makes more sense

Kostamojen 2004-04-20 04:13 PM

I did my taxes like, months ago :P :D

Kevin M 2004-04-20 05:03 PM

Quote:

Originally Posted by Kostamojen
I did my taxes like, months ago :P :D

Which clearly puts you in the "receiving a refund" category. :wink:

sperry 2004-04-20 06:31 PM

I haven't received a refund in ages. :(

Hell, in 2001 I had to file Federal, Califonia State and Iowa State taxes. Thank god Nevada doesn't have state income tax, or I woulda filed those too! :lol:

I fucking *hate* taxes. All this garbage, math-related, busy work just to find out how big a check I have to write. :roll: Here's an idea... if the US gov't wants me to pay them more money, then why don't they friggen do my paperwork and tell me how much I owe? It's not like I trust the gov't to spend my money wisely, yet I'm the one doing all the work to find out how much of my monkey they're going to waste. :monkey:

Austin's mom had the right idea (she's been a public servant, so she's got great insight on the way the gov't works): No income tax, do it all with sales tax. That way all the people that cheat on their taxes, or don't file, or make their money illegally are still paying taxes because they all buy stuff. Plus we could just about ditch the IRS completely since there's no more filing. All we'd need 'em for is making sure companies pay the tax for the goods they sell, and breaking up black/grey markets.

Kevin M 2004-04-20 11:46 PM

Trying to suddenly shift the Federal budget requirements from income tax to sales tax would destroy the economy. People would buy 20% less stuff when that federal 20% sales tax kicked in. While the system sucks, the income tax idea is better than the sales tax idea. What bugs me is that states are allowed to do both when the Federal gov't explicitally bans iteslef from using sales taxes (not counting import/export excises).

sonicsuby 2004-04-21 01:06 AM

did you at least buy your taxes dinner first?

sperry 2004-04-21 12:51 PM

Quote:

Originally Posted by BAN SUVS
Trying to suddenly shift the Federal budget requirements from income tax to sales tax would destroy the economy. People would buy 20% less stuff when that federal 20% sales tax kicked in. While the system sucks, the income tax idea is better than the sales tax idea. What bugs me is that states are allowed to do both when the Federal gov't explicitally bans iteslef from using sales taxes (not counting import/export excises).

Eh? People will buy less stuff? Think of it this way: prices go up 15-20%, your income goes up 15-20%... proceed with life as usual.

MikeSTI 2004-04-21 12:57 PM

but I dont end up giving the goverment that much money

I file M+4 where most of you are S0 and pay more then me not to mention all the rightoffs I have...................flat tax is to Democratic for my liking. :?

sperry 2004-04-21 01:03 PM

Quote:

Originally Posted by MikeSTI
but I dont end up giving the goverment that much money

I file M+4 where most of you are S0 and pay more then me not to mention all the rightoffs I have...................flat tax is to Democratic for my liking. :?

Yeah... so screw you man! :P

Actually, I have a big issue with all the tax credits and stuff the gov't allows. The more money you have, the more money you make, the more loop-holes there are for you to skip out on taxes. :x The rich just keep getting richer. If all the billion dollar companies would actually pay their fair share of taxes the rest of us wouldn't need to pony up so much.

I don't have the actual numbers, but I'd bet if we went to a flat tax, the US gov't would make *more* money on a 10% flat rate than they make now with all the super-rich getting out of tons of taxes.

MikeSTI 2004-04-21 01:14 PM

...

sperry 2004-04-21 01:17 PM

Quote:

Originally Posted by MikeSTI
all I know is I need all the tax credits I can get and trust me it really only means I spend more to crate jobs for others because there is no way I only spend $2000 dollars on my kids in a year its more like $6000 - $12,000 per kid depending on age and as far as the house mortgage it is only helpful if your close to lowering to the next tax index or with it and other deductions gets you there but then again I already spent the money on intrest.

So wouldn't you much rather keep all of your income (a 15-20% increase) and pay 10% in taxes? That's 5% of your money back in your pocket!


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