Just filed my 2013 Taxes

[HoneyBadger]

What a PITA. Glad to have that out of the way. [shithitsfan]


Did you think you were truly free? Go ahead and skip your taxes from here on out. See what happens... [sheepshagger]

[Great-Kazoo]

What are these taxes you speak of?

[hghclsswhitetrsh]

Yup 21+ days for a refund. Hurry up when you get a chance IRS.

[KestrelBike]

The sooner you file, the better to avoid the chance that some bastard steals your identity and claims a false refund (which ties up your potential refund another 6+mo). It's quite common and a nasty headache if you get hit, the IRS was/is (not sure if they're still doing it) stupid to offer refunds on visa cash cards.

[mcjhr]

Refund? Don't know anything about that. :(

[streetglideok]

With the Obama tax increase, and we moved up a tax bracket this year, we get to pay $200 back to the feds. First time I think Ive ever had to actually pay.

[ray1970]

I wait until the deadline. I like to hang on to my money as long as I can before I fork it over to the government.

[Ridge]

Getting $330 back combined this year. Last year it was $1300 :(

[BuffCyclist]

The sooner you file, the better to avoid the chance that some bastard steals your identity and claims a false refund (which ties up your potential refund another 6+mo). It's quite common and a nasty headache if you get hit, the IRS was/is (not sure if they're still doing it) stupid to offer refunds on visa cash cards.

I take it this only happens with paper filing and check/visa cards mailed back?

We efile and direct deposit so we usually get our money back in about 2 weeks. Nice return coming this year!

[BuffCyclist]

Getting $330 back combined this year. Last year it was $1300 :(

And you're upset with getting less money back (cause april payday and all)? That's actually how it SHOULD be, but a lot of people have more money withheld to get the fat return check. Mine was usually around owing $50-$100, but we decided to drop me down one deduction, and this year it looks like we'll be getting back a lot more. But, we did that to ensure that with married filing jointly we wouldn't end up owing a ton.

eta: Change I to we... I'm married now so no longer a single entity [LOL]

[tmleadr03]

In before people say they don't pay taxes becouse they get money back... oh wait.

[blacklabel]

I really need to adjust my deductions. I got entirely too much back this year.

[glock21]

With my daughter I get $800 with out I owe $750.

[spleify]

Mine are all done and I'm just waiting on one more thing to enter then I will send it off. Hopefully this week 'cause I needs da munee

[hurley842002]

First year for Married filing joint, and first child. Needless to say, i'm getting around $3,000 state and fed, as opposed to the normal $600 or so combined. Just hope they hurry up with the refund...

[roberth]

Last year I got $900 back. For tax year 2013 I adjusted my W4 up 1 deduction and made a couple of short term changes for my bonus, this year I'm down to a $99 refund which means I got to use $800 during 2013 instead of the goddamn government using it for free. :)

I love when a plan comes together.

[HoneyBadger]

I had a lot of changes this year (bought a new house, had a baby, working on my masters, got a raise, etc) so it was purely luck that I was so close on my estimate. I got $300 back from the fed and $244 back from the state. I would have owed a bit if it weren't for the huge deductions I was able to make related to buying a house (and paying a ton in interest).

My brother doesn't have any withholding. Instead, he sets aside the predicted amount that he will owe and does short term investing. This way, he can use that capitol to earn more $$$ instead of forking it over to the fed to devalue. I like this plan, and ideally I think this is what we all should do (or something similar) but right now I just have too many changing variables.


Last year I got $900 back. For tax year 2013 I adjusted my W4 up 1 deduction and made a couple of short term changes for my bonus, this year I'm down to a $99 refund which means I got to use $800 during 2013 instead of the goddamn government using it for free. :)

I love when a plan comes together.

This is exactly what I'm talking about.[Beer]

[Dave]

We had to adjust our W-4's this month after seeing our refund amount and realizing we fronted the feds a few grand and the state another grand interest free. The check will be nice, but I could use the extra in my paycheck to put towards my IRA.

[ChunkyMonkey]

2009 was the last year we received any kind of refund :(


Sent from my iPhone using Tapatalk

[bogie]

First year for Married filing joint, and first child. Needless to say, i'm getting around $3,000 state and fed, as opposed to the normal $600 or so combined. Just hope they hurry up with the refund...

Shotgun wedding?

[kawiracer14]

Lets see, this year I worked in three states and started a business, should be pretty simple taxes....

[trlcavscout]

Did mine on turbo tax last week, thedirect deposit refund is pending for tomorrow. Hookers and blow here I come!


I claimed 4 the first half of the year and 10 the second half, I am getting $300 from federal and I owe state $500 which I never changed my deductions on. I don't use it as a savings account, I would rather keep my money $100 at a time then to get a big refund.

[tmleadr03]

Lets see, this year I worked in three states and started a business, should be pretty simple taxes....

I pay someone to manage that for me and I only worked in one state.

[kawiracer14]

I pay someone to manage that for me and I only worked in one state.

This is the first year I'm paying someone to do it for me, have an appointment at the end of the month so I can get all my shit together before I go.

[crays]

Started mine as soon as I got my W2. HOLY CRAP!!! Has anyone else noticed a significantly higher tax burden, as compared to last year? Without what I consider to be any significant changes, I am experiencing a change in excess of $500, and not in my favor. [gohome]

I will go back through the process, line by line, and see if I mis-keyed something, but I am doubtful it will change. F this administration, and their desire to kill the Amercan Spirit, the American Way and America in general. BOO!!!

[MrPrena]

Someone paying/owing huge chunk of taxes to IRS, or getting refunded by IRS really doesn't say they make MORE money or not.

Let's just say, there is Dellusional Braggie Avg Joe who makes $250k/yr on a wage being a some kind of professional job (proj mgmt/physician/jr fi analyst/etc) will probably have to pay taxes. Now, this Dellusional Braggie Avg Joe thinks that he is so rich ,because he owes $20k, $30k, or $50k to IRS. This is just total retardness.

Rich CEO who manages Russell 2000 level company makes ONLY $12k/yr in work wage. Rich CEO does have a fat ESOP/ESPP/Warrents which may have $35mil which he received/exercised. However, this rich CEO did NOT dispose/sell on this specific tax year. Rich CEO's tax form will ONLY have $12k/yr reported income. He will probably receive good chunk of money (depeonds on interest and dependent, etc).

[Danimal]

Someone paying/owing huge chunk of taxes to IRS, or getting refunded by IRS really doesn't say they make MORE money or not.

Let's just say, there is Dellusional Braggie Avg Joe who makes $250k/yr on a wage being a some kind of professional job (proj mgmt/physician/jr fi analyst/etc) will probably have to pay taxes. Now, this Dellusional Braggie Avg Joe thinks that he is so rich ,because he owes $20k, $30k, or $50k to IRS. This is just total retardness.

Rich CEO who manages Russell 2000 level company makes ONLY $12k/yr in work wage. Rich CEO does have a fat ESOP/ESPP/Warrents which may have $35mil which he received/exercised. However, this rich CEO did NOT dispose/sell on this specific tax year. Rich CEO's tax form will ONLY have $12k/yr reported income. He will probably receive good chunk of money (depeonds on interest and dependent, etc).


I see this all the time. That and the guy that makes 30K is so excited to get $2500 back for taxes. No matter how many times I tell people that you just gave the government an interest free loan for the year they still think it is better than adjusting their withholding to minimize the tax they pay initially keeping more money in their pocket.

[mcjhr]

I'm not so great with taxes. But this is the first time ever I owe. And I owe $1k! I didnt even hit $40k this year.
I did the w4s the same as last year. No clue.

[Dave]

I see this all the time. That and the guy that makes 30K is so excited to get $2500 back for taxes. No matter how many times I tell people that you just gave the government an interest free loan for the year they still think it is better than adjusting their withholding to minimize the tax they pay initially keeping more money in their pocket.
Many people are not good at saving. If their check had the extra $100 in it it would be gone just as quickly as the rest of the check. Though when they get the refund it's usually gone just as quickly too, just on something bigger instead of several smaller items.

[ChunkyMonkey]

Someone paying/owing huge chunk of taxes to IRS, or getting refunded by IRS really doesn't say they make MORE money or not.

Let's just say, there is Dellusional Braggie Avg Joe who makes $250k/yr on a wage being a some kind of professional job (proj mgmt/physician/jr fi analyst/etc) will probably have to pay taxes. Now, this Dellusional Braggie Avg Joe thinks that he is so rich ,because he owes $20k, $30k, or $50k to IRS. This is just total retardness.

Rich CEO who manages Russell 2000 level company makes ONLY $12k/yr in work wage. Rich CEO does have a fat ESOP/ESPP/Warrents which may have $35mil which he received/exercised. However, this rich CEO did NOT dispose/sell on this specific tax year. Rich CEO's tax form will ONLY have $12k/yr reported income. He will probably receive good chunk of money (depeonds on interest and dependent, etc).

Why go that far? 20k in 1099 vs 20k in W2 with deductions are very obvious already

[Gman]

Not in any huge hurry because I'm getting bent over by the IRS again this year.

...maybe someone will steal my identity and pay them for me.

[Dave_L]

I usually get a small refund but I still slack off and wait until April. I don't know why. However, I got married last year and the wife is a lot better at getting this stuff done so we'll file sooner than later.

[MrPrena]

Why go that far? 20k in 1099 vs 20k in W2 with deductions are very obvious already


Far is understatement. You probably know my examples I post already. It goes extreme to get the message across.


ETA: my point isn't about 1099-xyz vs W-2. My point is fiscal gain vs paper gain.
What if Mr. X only made $24k on his part time wage, but he has a $1.8m in capital gain on a paper he YET to dispose on year 2013?
This year, he only made $24k (~125% above poverty for fam of 3). However, if Mr.X dispose the shares on year 2014, he will owe $270k on taxes next tax year.

[roberth]

I had a lot of changes this year (bought a new house, had a baby, working on my masters, got a raise, etc) so it was purely luck that I was so close on my estimate. I got $300 back from the fed and $244 back from the state. I would have owed a bit if it weren't for the huge deductions I was able to make related to buying a house (and paying a ton in interest).

My brother doesn't have any withholding. Instead, he sets aside the predicted amount that he will owe and does short term investing. This way, he can use that capitol to earn more $$$ instead of forking it over to the fed to devalue. I like this plan, and ideally I think this is what we all should do (or something similar) but right now I just have too many changing variables.



This is exactly what I'm talking about.[Beer]

Your brother has a good idea there, better than sticking in the bank at .025% and losing money.

[sellersm]

Perhaps this is timely... Josie Outlaw, "Who Owns You?"


https://www.youtube.com/watch?feature=player_embedded&v=qpcfZzx8xY0

[brutal]

The sooner you file, the better to avoid the chance that some bastard steals your identity and claims a false refund (which ties up your potential refund another 6+mo). It's quite common and a nasty headache if you get hit, the IRS was/is (not sure if they're still doing it) stupid to offer refunds on visa cash cards.

I wish someone else would pay my tax due.

[hurley842002]

Shotgun wedding?

Really?

[kidicarus13]

Many people are not good at saving. If their check had the extra $100 in it it would be gone just as quickly as the rest of the check. Though when they get the refund it's usually gone just as quickly too, just on something bigger instead of several smaller items.


WINNER WINNER!

[jerrymrc]

Since the kids are gone and the house is 2/3 paid off we just get the std deduction. Normally about $500 fed and $100 in state back. I did notice that on my latest pay stub that because our health insurance went up so much that even with this .Gov workers massive 1% first pay increase in 4 years that my taxable pay went down and I only lost $80 per month in net pay this year. [LOL][Bang] That translates to a net decrease of $300 per month in take home pay since 2010 but since everything else has gone down [Sarcasm2] it is OK right? Home INS in 2010 was $800. in 2013 $1700 so it is all good. [hahhah-no]

[<MADDOG>]

Perhaps this is timely... Josie Outlaw, "Who Owns You?"

Nice philosophy/theory; but it didn't work out so well for Capone, Stewart, or Snipes..

[blacklabel]

Nice philosophy/theory; but it didn't work out so well for Capone, Stewart, or Snipes..

Not all anarchists are out to steal, murder and rape.

[<MADDOG>]

Martha Stewart raped someone? [LOL]

I'll leave the anarchist part alone, but you are missing my point...

Regardless of your criminal intentions, ill will, or ignorance, you will pay your taxes.

[CareyH]

Paid state and got a few bucks back from the feds. The money hit my account today actually.

[hunterhawk]

I always owe! Hoping to break even this year with the little munchkin and daycare (fingers crossed)

[MrPrena]

You know why I am proud to be an American?
We pay more taxes (pro/reg) than some of other counties.

You know why I am proud to work for American company?
Our US companies pays one of the highest corporate taxes in the world.

[facepalm]

[stevelkinevil]

Martha Stewart raped someone? [LOL]

I'll leave the anarchist part alone, but you are missing my point...

Regardless of your criminal intentions, ill will, or ignorance, you will pay your taxes.

No one has illustrated her point as well as you just did.

[hurley842002]

Paid state and got a few bucks back from the feds. The money hit my account today actually.

What day did you file, if you don't mind me asking?

[drew890]

What day did you file, if you don't mind me asking?
I'm curious as well. I early filed and my return was accepted for early processing and I still haven't received my refund.

[Holger Danske]

Just got mine done today and getting a little back. Glad to be done.

[68Charger]

I've tried adjusting my withholding- what I wind up with is a refund from Fed, and owing money to CO state... I'm currently at 10 and 10... probably should try 12 and 9- but seems odd, since I only have 4 kids.

I think what throws it off is the bonus we get where I work.. in the paycheck for the bonus, they withhold like 39%-42% for various the various taxes... since that's not my normal pay rate, this throws off the entire calculations.

I did get less back this year, since my oldest was 17 at the end of the year (no more child tax credit from her)...

[fitz19d]

Is she continuing to live w/ you as a dependant? If so I thought kids can these days be claimed up until 24...

[68Charger]

Is she continuing to live w/ you as a dependant? If so I thought kids can these days be claimed up until 24...

claimed as a dependant, yes... qualify for the child tax credit, no.. that ends at the first year they turn 17.

[Bailey Guns]

Going down to open IRAs today for the deduction just so we can keep a little more of OUR money.

You work hard, pay your bills, pay off the mortgage and be a productive member of society and what happens? You get fucked by the IRS/government.

It pisses me off to no end to think there are people out there making a living off of government assistance (as opposed to those that need it), that you and I pay for, that live as comfortably (maybe more so since they don't have the responsibilities) as the average guy who's doing the responsible thing.

There is NO incentive for the average person, other than personal integrity and satisfaction, to do the right thing any longer. I suppose one could reach a level of wealth where it doesn't really matter but that's not likely for the average person.

[NFATrustGuy]

EXACTLY, Bailey!

It bugs me to no end when I hear otherwise rational people essentially brag that they receive this benefit or that benefit from "the government" or that "the government" should be paying for or subsidizing one thing or another.

People just can't seem to wrap their brains around the fact that "the government's" money comes out of the pockets of people who work and pay taxes. We should all cringe every time we hear of a new program/czar/war on.../etc. This means "the government" is getting bigger and we're going to need to pay more taxes to pay for the growth.

We have layer upon layer of bureaucracy who's only purpose in life is to supervise the layer below. Nothing is produced and no practical purpose is served. Every time something "bad" happens, we add a new rule or regulation that adds another layer of oversight with nothing being produced---except for the need for more "income" for the government--more taxes!

The Government routinely pisses away my tax dollars by failing to maintain equipment and facilities. It drives me nuts to see city workers driving around in brand new $40k trucks. If you look around, the independent HVAC contractor is making do with a 15 year old service truck--by taking care of the asset and maintaining it properly. Why? Because replacing the truck actually costs him money out of his pocket! The Govenment can't seem to make a truck last for more than 3 years. The Govenment doesn't have to deal with the concept of scarcity--you know--that part of the day when all of us normal citizens have to decide this or that. The Govenment just jumps to the bottom of the available choices and picks 'D. All of the above.'

The Govenment routinely pays for form over substance. It drives me nuts to go to a government office to buy a building permit (don't even get me started on this concept) to see that the government building has really nice granite countertops, snazzy lighting fixtures with high-end switches, 200 square feet of floor space for each worker, nice stonework surrounding the building, water features within the landscape, etc., etc., and MORE etc. all the while KNOWING that the $30K+ per year that my family pays in property taxes is what's paying for all this shit! In the meantime, it takes me a month or more to actually receive a building permit for a basement finish.

We all have been conditioned to simply accept Govenment's inefficiencies to some degree or another without even giving it a second thought. Think about this: Why do we need to register/license our vehicles? What is the purpose of the license plate on my car? To identify my car when I rob a bank. Nah. Too easy for a bad guy to just steal some plates before doing the deed. Even though license plates serve no real purpose, we've created an entire layer of Govenment with, quite literally, thousands of employees and 100's of thousands of square feet of office space and millions and millions in annual operating costs--just to make sure I've got the correct 2 square inches worth of stickers on a license plate that doesn't mean anything anyway. If this was a private enterprise, management would be forced to consider the cost vs. benefit of such a system. Our Government just raises the fees to make sure they've got enough money to fund the system who's only purpose is to make sure we pay the fees.

The most frustrating part for me is that I sit here and watch **my** country erode into a Socialist state and not only am I effectively powerless to change it, there's no place in the world I can go to improve my situation! I hate picking anything (country or otherwise) just because it's the lesser of competing evils.

[HoneyBadger]

Decent rant. 8/10. I wholeheartedly agree. [Beer]

[Mtn.man]

Hope this debacle with Onama and the IRS sends some hope that we can abolish this Illegal tax.
And the IRS is Not FED. they are a collection agency hired by our government.

A refund is a joke if they hadn't stole your $$$ early in the year it would be 0 to 0 owed/returned.

[splogan]

I got back a LOT less than last year. Guess somebody has to pay for the freeloaders
.

[splogan]

Abolish income tax and have a federal sales tax. Turns out illegal or not walmart is charging sales tax.

[SamuraiCO]

Just got the paperwork back from my tax guy. Guess 42k wasn't enough for our well run Fed Gov they want 7k more. I'm so blessed I can help so many who have made such good choices in life that they need my help so they do not have to work to support their family. Least they could do would remove snow for me and mow my lawn.

[cfortune]

My refund was over $900 less this year. :(

[ChunkyMonkey]

Just got the paperwork back from my tax guy. Guess 42k wasn't enough for our well run Fed Gov they want 7k more. I'm so blessed I can help so many who have made such good choices in life that they need my help so they do not have to work to support their family. Least they could do would remove snow for me and mow my lawn.

Mine is not as bad as the last few years..but still in the 5 digits too. April is always a sad month.

[JoeT]

we have a new accountant due to our move last year. We did our taxes last night. We're currently digging through every possible loop-hole to see where we can come up with more deductions.

I won't share the specifics, but the .gov took a LOT of money from us last year...and they want a LOT more (good used car sized). Our relocation was company paid, but that hit's W2 earnings.

we're getting about $1200 back total from states (CO and CT) but the fed is sticking it right up our ass

[HoneyBadger]

...but the fed is sticking it right up our ass
Isn't that what the fed does best? [Awesom]

[lowbeyond]

How many of you would vote to convict someone on what the irs called a tax cheat?

How many support the confiscation of someone's house if they don't pay their property taxes.

How many support fines for not having the correct tags on the vehicle or gasp driving without a license.

How many think the the cops who issues the fine or the judge who rubber stamps it or the clerk who collects the money are good people who are just trying to feed their families, just doing their job and are blameless.

How many think that if someone doesn't have the correct govt permission slip aka permit to do x, deserves to be fined and imprisoned if he doesn't pay

Yea therein lies the problem. You can say oh don't blame xyz, blame the politicians. Funny no politician ever gave me a parking ticket orwhatevr. No politician sat behind a window in order to collect the fine

No it was always the willing volunteer who chose to work for the State who did those things. But hell Steve, the meter maid makes a great brisket in July so we will just look the other way that he gets paid to steal people's property.

Seems to be working out pretty well.

Hell some here think you should be denied when you try to buy a gun because you didn't pay a traffic ticket that lead to a warrant being issued.

But hey whatever floats your boat.

[stevelkinevil]

How many of you would vote to convict someone on what the irs called a tax cheat?

How many support the confiscation of someone's house if they don't pay their property taxes.

How many support fines for not having the correct tags on the vehicle or gasp driving without a license.

How many think the the cops who issues the fine or the judge who rubber stamps it or the clerk who collects the money are good people who are just trying to feed their families, just doing their job and are blameless.

How many think that if someone doesn't have the correct govt permission slip aka permit to do x, deserves to be fined and imprisoned if he doesn't pay

Yea therein lies the problem. You can say oh don't blame xyz, blame the politicians. Funny no politician ever gave me a parking ticket orwhatevr. No politician sat behind a window in order to collect the fine

No it was always the willing volunteer who chose to work for the State who did those things. But hell Steve, the meter maid makes a great brisket in July so we will just look the other way that he gets paid to steal people's property.

Seems to be working out pretty well.

Hell some here think you should be denied when you try to buy a gun because you didn't pay a traffic ticket that lead to a warrant being issued.

But hey whatever floats your boat.

Well said. If folks stopped complying there is little they could actually do. All of these things are an affront to all our founding fathers intended for us.