Just filed my 2013 Taxes

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.

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.

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Originally Posted by ChunkyMonkey

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

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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.

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Originally Posted by 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.



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

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

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

https://www.youtube.com/watch?featur...;v=qpcfZzx8xY0

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Originally Posted by 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.

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I wish someone else would pay my tax due.

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Originally Posted by bogie

Shotgun wedding?

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Really?

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Originally Posted by Dave

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.

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WINNER WINNER!

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]

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Originally Posted by sellersm

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

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