Tax Time Baby!


Jeramie

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Ok, unlike most I love tax time. I file single and one. I pay in A LOAD of taxes every check but get back a pretty good chunk. Its like a savings plan. Granted I could put that money in a savings account and draw interest but realistically to much happens in a year that would level that account.....

Anywho, This year we are looking at $6,700! To bad we can blow it, we are actually paying stuff off and getting caught up on stuff but man even that feels good. Every time I see a payment go by by I smile from ear to ear.

There is a little "Play money" in there too. We bought season passes to Silver Dollar city for about the 5th year in a row (Branson, MO). I am also getting a new acoustic amp and a new acoustic if my wife allows it..... tongue.gif

And we are looking to do some work around the house that we have been needing to do....

So how did everyone else fair and if you get a refund whats in the plans?!

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Re: Tax Time Baby!

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Are you kidding me? I hate tax time...think how much money you paid in to only get back $6,700!!!!!

We will get a return as well...but not even close to what we paid in!!!!!

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I agree 100% but in the grand scheme of things... What can you do? Seriously.... Might as well make light of the situation. Ask me the other 11 months of the year and you'll probably get a different response. grin.gif

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Re: Tax Time Baby!

I absolutely hate tax time. It takes a lot of my time to organize all my accounting, etc. just to get it in a working format for my accountant. Then I pay him about $1,000/year to prepare the book of forms for the tax returns I have to sign and send in. With the complicated tax laws as they are now, there's no way I could prepare all the forms that have to go in with my tax returns.

Included in that is more $ for the IRS and a couple of state tax returns and that's after paying quarterly estimated taxes. On top of that, 1st quarter estimated taxes are due on the same day. That's a chunk of $ out of my pocket all at once on April 15th.

Even worse is being audited. Their attitude is you're guilty unless proven innocent. I've been audited twice in the past 10 years. More unproductive time spent on my part and more $ paid to the accountant again. Both times I had to dig up backup information they requested to ultimately have them accept my returns as they were. smirk.gif

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Re: Tax Time Baby!

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My last and final year of being self employed. Man I'm glad it's over. I'll enjoy tax time next year. The last 5 I have been self employed and getting a fat bill at the end of the year.

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Know the feeling. Being self-employed ain't all it's cracked up to be come tax time. crazy.gifcrazy.gif

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Re: Tax Time Baby!

[ QUOTE ]

[ QUOTE ]

My last and final year of being self employed. Man I'm glad it's over. I'll enjoy tax time next year. The last 5 I have been self employed and getting a fat bill at the end of the year.

[/ QUOTE ]

Know the feeling. Being self-employed ain't all it's cracked up to be come tax time. crazy.gifcrazy.gif

[/ QUOTE ]

I will indeed say "AMEN" to that one!

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Re: Tax Time Baby!

Haven't started my process yet. Got the software the other day. We'll probably get around $4K back. Things with us change so much from year to year depending on if my wife gets a bonus or not, so it's tough for us to break even like you're supposed to.

We're planning on paying on the home equity bill, doing some cement work, and I'm allowing myself $400 to buy a scope for my ML. cool.gif

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