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Thread: Taxes - yuck!!!

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    long time visiter Alfster's Avatar
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    Taxes - yuck!!!

    Anyone enjoy doing their taxes? Personally I can't stand doing them. Even if I'm getting a decent refund back, I tend to procrastinate.

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    Hey guyz? Guyz? Wait up!! Siu Blue Wind's Avatar
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    I don't do them. I pay someone else to.
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    Ever since I went to tax software many years ago, it is almost a joy to do my taxes. It only takes about 45 minutes, so I do them as soon as I get all the financial statements.
    Regards, MillCreek
    Snohomish County, Washington USA

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    RacingBear UmneyDurak's Avatar
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    My cat did it for me. In retrospect that might have been a mistake.
    I see hills.... Bring them on!!!
    Stay calm and bring a towel.

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    long time visiter Alfster's Avatar
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    Quote Originally Posted by MillCreek View Post
    Ever since I went to tax software many years ago, it is almost a joy to do my taxes. It only takes about 45 minutes, so I do them as soon as I get all the financial statements.
    I've been using tax software for many years. Takes me about an hour to complete both my wife's and my taxes. I still can't stand doing them.

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    long time visiter Alfster's Avatar
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    Quote Originally Posted by UmneyDurak View Post
    My cat did it for me. In retrospect that might have been a mistake.
    Depends. How much of a refund did he get you?

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    Strong with the Fred Big_e's Avatar
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    I've been getting good refunds lately. I thought to get a motor scooter or small motorcycle this year but I know it would be so much fun to ride all around and I'd get fat again so I may just get a new bike...and a new hat.
    Ernest
    I love pho long time.

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    You mis-spelled the second word in the title of this thread.
    ...

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    I get amped about 'em -- it's the one time of the year I can spend money on my family (and myself) like I want to!

    Mine are pretty simple -- and with my income, I have yet to NEED to claim mortgage interest! (Dunno whether to be happy or sad about that....)

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    Quote Originally Posted by Alfster View Post
    Depends. How much of a refund did he get you?
    When the pallet of Fancy Feast arrives from the US Treasury, we'll know.
    Regards, MillCreek
    Snohomish County, Washington USA

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    RacingBear UmneyDurak's Avatar
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    Quote Originally Posted by Alfster View Post
    Depends. How much of a refund did he get you?
    A bunch, but...

    Quote Originally Posted by MillCreek View Post
    When the pallet of Fancy Feast arrives from the US Treasury, we'll know.
    Pretty much.
    I see hills.... Bring them on!!!
    Stay calm and bring a towel.

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    Support JDRF b_young's Avatar
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    I don't mind it at all. My wife has done them for the last 18yrs. All I do is sign and spend.
    "Yesterday is history, tomorrow is a mystery, but today is a gift that is why it is called the present." - Kung Fu Panda

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    The Site Administrator: Currently at home recovering from a couple of strokes,please contact my assistnt admins for forum issues Tom Stormcrowe's Avatar
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    My wife is an accountant.....she loves tax time.
    on light duty due to illness; please contact my assistants for forum issues. They are Siu Blue Wind, or CbadRider or the other 3 star folk. I am currently at home recovering from a couple of strokes. I am making good progress, happily.


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    Wow, you guys are all getting refunds? I'm doing something wrong....
    ...

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    Caustic Soccer Mom apclassic9's Avatar
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    I work for myself, have rental properties & a farm... and I don't get a refund, I wait to see what I owe after paying obscene amounts into the EFTPS all year (well, I DID qualify for a refund in 2007 because I totally expensed a $30K tractor, but it just went forward to 08 taxes). It's actually NOT the taxes, it's the FICA I hate to pay! Self employed folks pay the whole 15%. Anyway, I spend a day or two organizing the year's paperwork & then send them to my accountant, who does a superb job of seeing to it that I don't owe more than I paid!
    As with mud, life, too, slides by.

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    We just use TurboTax online and I take 30 minutes and boom, all done. Then my wife spends the rest of the year asking me if I forgot anything. I used to just have someone else do them, but my taxes have gotten so simple, it's not worth it.

  17. #17
    RacingBear UmneyDurak's Avatar
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    Quote Originally Posted by valygrl View Post
    Wow, you guys are all getting refunds? I'm doing something wrong....
    or right. Getting a tax refund is like giving a government a interest free loan for a year, and for the bonus for state you get to claim it as income for the next year (at least in CA).
    I see hills.... Bring them on!!!
    Stay calm and bring a towel.

  18. #18
    Senior Member DannoXYZ's Avatar
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    Quote Originally Posted by valygrl View Post
    Wow, you guys are all getting refunds? I'm doing something wrong....
    No, you're doing it right! No need to give your government an interest-free loan! You can take that extra money that would've gone to the government, put it into their own tax-deferred instruments. Then when it comes tax-time, you can cash out some of it and pay off the extra amount that you owe. You're using the government's own money to pay your taxes. And you can keep the extra interest that you've earned.

    A tax-attourney is worth his weight in gold... and mine weighs 385-lbs !!!

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    Senior Member mulveyr's Avatar
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    Quote Originally Posted by DannoXYZ View Post
    No, you're doing it right! No need to give your government an interest-free loan! You can take that extra money that would've gone to the government, put it into their own tax-deferred instruments. Then when it comes tax-time, you can cash out some of it and pay off the extra amount that you owe. You're using the government's own money to pay your taxes. And you can keep the extra interest that you've earned.

    A tax-attourney is worth his weight in gold... and mine weighs 385-lbs !!!
    Heck yes. I consider myself to have failed when I get a refund.

    I love hearing people complain that they're living paycheck-to-paycheck... but are getting thousands in a tax refund. And then they act mystified about the connection between the two.
    Knows the weight of my bike to the nearest 10 pounds.

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    Actually, I know I'm doing it right, but writing the big check is still going to hurt.

    I've procrastinated a few more days now.
    ...

  21. #21
    Digging in the pain cave. midschool22's Avatar
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    Texas? You got a problem with Texas? Don't mess with Texas!

    Oh taxes....




    Go Rangers.

  22. #22
    The Rock Cycle eofelis's Avatar
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    I haven't done mine yet. I did print out all the forms and put everything together in a folder. I'll have to pay a bunch as I was a 1099 contractor most of last year, bleh. I have the money set aside to pay with and I'll submit my forms and payment at the last moment. I'll crunch the numbers later this week.

    I got a real job in Nov so next year I'll just do a 1040EZ form. WOOT!
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