Tax Season - Like Christmas, but you get robbed instead [2010 Edition]

[thekunk07]

u idiots have no idea what some people pay in taxes. ever write the irs a 20k check....quarterly?

 

[gqreader239]

Originally Posted by kwilkinson

It was only denied to you because you chose for it to be denied.

nahh company witheld the tax "on my behalf" since my relocation package "costs" like 30k (which they added to my income). which is bs since they only sent 2 moving guys with a rickety truck.

 

[RedLantern]

Originally Posted by thekunk07

u idiots have no idea what some people pay in taxes. ever write the irs a 20k check....quarterly?

It's a hardship most people would jump at the chance to be saddled with.

 

[JohnGalt]

Originally Posted by gqreader239

nahh company witheld the tax "on my behalf" since my relocation package "costs" like 30k (which they added to my income). which is bs since they only sent 2 moving guys with a rickety truck.

When I relocated a couple years ago the company didn't add anything to my income for the movers. For the cash relocation funds, they grossed-up.

 

[patrick_b]

We are a single income family w/2 kids, I claim 2 exemptions for federal & state. We used an accountant for a few years then switched to turbotax and have been pleased for the last 5-6 yrs. My question is that we usually end up with a refund of ~$5K Federal and ~$500 state (MA). I like the idea of getting a refund every Feb as we don't save much during the year (other than 15% for retirement). We're not cash poor during the year so I don't exactly 'need' that money month to month, but based on my personal history, I figured I'd simply spend it if I had it during the year.

 

[AR_Six]

Taking all of my tuition carryforwards in one fell swoop this year and expecting a fairly juicy refund balance as a result. All simple stuff though... I have this excellent tax planning concept that involves multiple prof corps but I don't make enough yet to make it worth doing. But when I'm a baller, oh man am I going to fleece them damn government types. Artisan Fan would be proud.

 

[RedLantern]

^ It's probably not legal.

 

[the shah]

deadline nears !!!!!

who is a tax expert ?!?!?

I either:

owe federal 4000, owe state 2000

or

refund federal 770, owe state 147

 

[DaveB]

Originally Posted by shahanshah

deadline nears !!!!!

who is a tax expert ?!?!?

I either:

owe federal 4000, owe state 2000

or

refund federal 770, owe state 147

What is causing such a big swing?

I interned at a small firm this season, saw some pretty crazy results. One return got 12k back when they made 30k and only paid 3k in taxes during the year. Over 1/4th of their income was from tax credits/refunds, no new house either.

 

[the shah]

everything fixed. I paid nothing throughout the year and i get a tiny return anyway, I even convinced the HR department to refund taxes they took out this year because I forgot to tick the checkbox for 0% witholdings. Tax evasion to the max

 

[imatlas]

Big refund this year, the first in many years. Of course that's only because we selected to defer paying taxes on a Rollover IRA to Roth IRA conversion, so we've got that to look forward to for the next two years.

We're married with no kids, we rent our apartment, and we live in San Francisco. We're basically fucked when it comes to taxes.

 

[the shah]

bump ~


Mission: Evasion

engage !!!

 

[Harold falcon]

I tried to evade best I could, still owe. Goddammit I need some fake dependents I can claim.

 

[Thomas]

take in a few foster kids. They count

wait - no. I'm kidding.

 

[Harold falcon]

I want fake dependents. Not kids I actually have to care for.