Thank you IRS
02-21-10 | 03:24 PM
#1
Thread Starter
stringbreaker
Joined: Sep 2006
Posts: 4,463
Likes: 2
From: wa. State
Bikes: specialized crossroads hybrid 2006 Raleigh Cadent 2 1971 Schwinn Varsity, 1972 Schwinn Continental, 1977 Schwinn Volare (frame)
Thank you IRS
Gonna get a new commuter/ touring bike compliments of my Uncle Sam. I'm getting the Windsor tourist from BD. I know its not a LHT but from all I have been told by some folks that own one they are a pretty decent bike and Tiagra components aint' junk. So now I can tear down the Volare and get that fabulous orange and gold flake powdercoat. Its gonna be a knockout when done.
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(Life is too short to play crappy guitars) 2006 Raleigh Cadent 3.0, 1977 Schwinn Volare, 2010 Windsor tourist. ( I didn't fall , I attacked the floor)
(Life is too short to play crappy guitars) 2006 Raleigh Cadent 3.0, 1977 Schwinn Volare, 2010 Windsor tourist. ( I didn't fall , I attacked the floor)
02-21-10 | 04:41 PM
#3
Senior Member
Joined: Oct 2008
Posts: 172
Likes: 0
From: DFW
Bikes: Cannondale, Giant, Specialized
Congrats! I found it very nice too last year when US tax return turned out to be more than I expected and I paid off my commuter bike way early! So, no interest was applied to it either. Was very happy but, as mentioned above, I didn't care for US getting to borrow my money interest-free. 
02-21-10 | 07:37 PM
#4
Senior Member
Joined: Sep 2006
Posts: 2,147
Likes: 0
From: Crystal MN
But no new commuter, more college and food.
02-21-10 | 08:35 PM
#5
Thunder Whisperer
Joined: Apr 2008
Posts: 8,841
Likes: 7
From: NE OK
Bikes: '06 Kona Smoke
Be grateful. If they did pay interest, then they will tax the interest paid as income. I know, 'cuz it took the IRS longer than allowed by law to give my amended return last year a once over. They apologized for taking so long, and paid me interest. Then I get a letter about a week later stating the interest was considered income, so they (and the state) want to tax it.
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02-21-10 | 08:47 PM
#6
I can - therefore, I do..
Joined: Sep 2009
Posts: 119
Likes: 1
From: Littlerock, CA
Bikes: '84 Motocruiser, '10 KHS TR 101
Congrats on the Windsor... I've read good reviews on it as well! I am also getting a new commuter that isn't a LHT - I opted for the TR-101 from KHS: https://www.khsbicycles.com/05_flite_tr_101_10.htm
I pick it up tomorrow from my LBS. I look forward to seeing the powder work you are gonna have done!
I pick it up tomorrow from my LBS. I look forward to seeing the powder work you are gonna have done!
02-21-10 | 08:55 PM
#7
i'll probably break it
Joined: Jun 2008
Posts: 1,665
Likes: 2
agreed. i'd rather be even or pay out at tax time. they have a place for holding your money - its called 'the bank.'
02-21-10 | 09:04 PM
#8
Thread Starter
stringbreaker
Joined: Sep 2006
Posts: 4,463
Likes: 2
From: wa. State
Bikes: specialized crossroads hybrid 2006 Raleigh Cadent 2 1971 Schwinn Varsity, 1972 Schwinn Continental, 1977 Schwinn Volare (frame)
Oh I know all that and I don't claim so I will get more money its just we were able to claim the kid in college this year and the energy rebates on all the money I spent this summer on the room and a bunch of other stuff that got me more back than usual. Next year will be a different story since we won't be able to claim the kid and no energy credits so I'm probably gonna have to pay. I'll take anything back I can.
__________________
(Life is too short to play crappy guitars) 2006 Raleigh Cadent 3.0, 1977 Schwinn Volare, 2010 Windsor tourist. ( I didn't fall , I attacked the floor)
(Life is too short to play crappy guitars) 2006 Raleigh Cadent 3.0, 1977 Schwinn Volare, 2010 Windsor tourist. ( I didn't fall , I attacked the floor)
