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☖ Forums → Discussion Forum → File your taxes...!
File your taxes...!
2009-01-22, 4:53 PM #1
And post your return.

Mortgage interest is an AWESOME deduction. Total return: $3300.
2009-01-22, 4:58 PM #2
no
On a Swedish chainsaw: "Do not attempt to stop chain with your hands or genitals."
2009-01-22, 5:11 PM #3
I'm still waiting on a former employer to get my W2 to me. The restaurant closed back in around November and no one has really heard from them since...
TAKES HINTS JUST FINE, STILL DOESN'T CARE
2009-01-22, 5:25 PM #4
I got 5000 back.
2009-01-22, 5:45 PM #5
Hasn't anyone ever wondered why the government steals our money and then pays it back to us later?

Doesn't that seem odd...?...to anyone?
"it is time to get a credit card to complete my financial independance" — Tibby, Aug. 2009
2009-01-22, 5:47 PM #6
They don't. The money you receive as a tax refund is money that you paid in for taxes but was not necessary. We all pay taxes. We don't get that money back.
TAKES HINTS JUST FINE, STILL DOESN'T CARE
2009-01-22, 5:52 PM #7
That, and also you're free to have nothing withheld at all, and pay it all at once. Of course, most people are not financially responsible enough (myself included) to do this and often end up owing large amounts of income tax.

The current system actually means the government gets more money, because they can invest the extra they get from you before they have to pay you back, and earn interest on it.
2009-01-22, 6:00 PM #8
I should be getting something like 1200 back. We'll see. I need it as soon as possible though, because I'm using that money to pay for a study abroad trip I'm taking and the money is due very soon.
Fincham: Where are you going?
Me: I have no idea
Fincham: I meant where are you sitting. This wasn't an existential question.
2009-01-22, 7:00 PM #9
I'm still waiting on a W2, but based on my estimate of what that W2 will say, and using various tax return calculators online, I might have to pay in this year :/ . Which is weird considering I only made 30k or so. Anyone use H&R Block or Jackson Hewitt before? Wondering how much they charge to do everything...
"Honey, you got real ugly."
2009-01-22, 7:03 PM #10
Fed: $9.67
State: $96 something

No deductions, no claims, no nothing. My mom did mine but I bet it took her all of five minutes.
Code to the left of him, code to the right of him, code in front of him compil'd and thundered. Programm'd at with shot and $SHELL. Boldly he typed and well. Into the jaws of C. Into the mouth of PERL. Debug'd the 0x258.
2009-01-22, 7:10 PM #11
H&R charges like $70
Peace is a lie
There is only passion
Through passion I gain strength
Through strength I gain power
Through power I gain victory
Through victory my chains are broken
The Force shall set me free
2009-01-22, 7:26 PM #12
Originally posted by JM:
That, and also you're free to have nothing withheld at all, and pay it all at once. Of course, most people are not financially responsible enough (myself included) to do this and often end up owing large amounts of income tax.

The current system actually means the government gets more money, because they can invest the extra they get from you before they have to pay you back, and earn interest on it.


Yes and No.

Technically, yes. Unfortunately, the reality is that the IRS pressures companies to withhold. Also, if you haven't paid in 90% of what you are going to be accountable for by Jan 15th, then you have to fill out a Form 2210.

http://www.irs.gov/pub/irs-pdf/f2210.pdf

However, the legality of the IRS to enforce that is questionable.

According to this site:
http://www.newswithviews.com/Devvy/kidd26.htm

Quote:
What the IRS tells employers is this:
According to IRC section 3402(a)(1) of their code: ".......every employer making payment of wages shall deduct and withhold upon such wages a tax determined in accordance with tables or computational procedures prescribed by the Secretary."

But actually, it says this:
"No (federal, state, city or county) municipal corporation shall levy or collect or cause to be levied or collected any tax upon the income, or any part thereof, of any person, resident or nonresident (also known as the "Full Paycheck Law"). Employers are prohibited from taking amounts from pay for federal or state taxes, fees or other charges absent the lawful, knowing, written consent of the employee.

"The Code of Federal Regulations clearly advises the employers at 26 CFR §31.3402(p)-1(a) "An employee who desires to enter into an agreement for withholding...shall furnish his employer with Form W-4 (or its equivalent) for withholding. The furnishing of such Form W-4 shall constitute a request for withholding." Then, 31 CFR §215.2(n)(1) clearly tells the employers they cannot take amounts from the workers' pay for any form of State tax UNLESS the employee VOLUNTARILY elects to have such sums withheld.

"Consensual taking from pay occurs ONLY when an employee voluntarily elects in writing to volunteer to participate in any (federal, state, city or county) municipal corporate tax, program, insurance (disability, Medicare), trust (social security), including non-judicial tax levy, garnishment for taxes, tax offsets, tax interest or penalty and the employer consents such a request."


Furthermore:
Pursuant to 26 CFR §31.3402(p)-1(b)(2), either the employer or the employee may terminate the withholding agreement (W-4 or its equivalent) by furnishing a signed written notice to the other. An employer cannot lawfully take amounts from the worker's pay without the risk of being sued after the worker submits his/her written notice to terminate the withholding agreement (W-4 or its equivalent).
[/FONT]
2009-01-22, 8:08 PM #13
Originally posted by The_Lost_One:
H&R charges like $70


They do it online for free, but I usually pay for the $15 package because then they save all of your information from the previous year which makes it a little quicker.

Can't do mine yet for this year though. Still waiting on my W2 from the place I worked for the first half of last year, have my other one already.
2009-01-22, 8:34 PM #14
I still need one more W2 to show up before I can file.
Pissed Off?
2009-01-22, 9:44 PM #15
I need to get my W2 and then track down some Georgia tax forms.
"Flowers and a landscape were the only attractions here. And so, as there was no good reason for coming, nobody came."
2009-01-22, 9:57 PM #16
Who here actually still does it on paper?

I've only filed taxes in Montana and Maine, and they both offered free state online services. Federal is free at turbo tax. You can get your money in like two weeks by doing it online, too.
2009-01-23, 5:25 AM #17
Originally posted by Roger Spruce:
I'm still waiting on a former employer to get my W2 to me. The restaurant closed back in around November and no one has really heard from them since...


Same, except it wasn't a restaurant. :P
woot!
2009-01-23, 5:46 AM #18
Still waiting on my W2. Last year I got reamed with only $156 back, which was odd considering I typically get ~$600 back.
Quote Originally Posted by FastGamerr
"hurr hairy guy said my backhair looks dumb hurr hairy guy smash"
2009-01-23, 7:06 AM #19
i used turbotax.com last year, only thing i had to pay for was the state form. pretty good deal.
Peace is a lie
There is only passion
Through passion I gain strength
Through strength I gain power
Through power I gain victory
Through victory my chains are broken
The Force shall set me free
2009-01-23, 7:19 AM #20
I am a state employee so I think I don't pay as many taxes...not positive how that works, but we'll see. I get my paychecks direct deposit so I really know nothing about any of it.
Warhead[97]
2009-01-23, 9:03 AM #21
Originally posted by The_Lost_One:
i used turbotax.com last year, only thing i had to pay for was the state form. pretty good deal.


My state had an online system that was free, and saved my information from the previous year.
2009-01-23, 12:29 PM #22
I save all of my previous tax records myself. Because, you know, it's the responsible thing to do.
TAKES HINTS JUST FINE, STILL DOESN'T CARE
2009-01-23, 4:23 PM #23
Quote:
They do it online for free, but I usually pay for the $15 package because then they save all of your information from the previous year which makes it a little quicker.
Uh. The free version imports too... assuming you used them last year. And the free version will import this years next year, too.

The only logical reason to give a place like H&R Block your money is the audit insurance. And if you aren't making a ton of itemized deductions, your chances of being audited are pretty slim. Though I admit if I had not paid them last year, I likely would have missed many deductions this year. I paid them last year because I'd just bought the house and wanted to be sure it was all done right. And also I wasn't dating an accountant who could handle an audit for me. :awesome:
2009-01-23, 7:55 PM #24
I'm paying someone this year, because I have some jacked up things going on with my taxes.

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