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Zenmervolt

Zenmervolt

Elite member
Oct 22, 2000
24,514
44
91
First time in my life I've had them finished earlier than April 13th. :p

I owe a grand total of $78. I'd say that I estimated my withholdings pretty damn well.

ZV
 
Whoozyerdaddy

Whoozyerdaddy

Lifer
Jun 27, 2005
19,216
1
61
Originally posted by: PhoenixOrion
What's there to gloat? you don't have money coming back :p
Click to expand...

That's what he's gloating about. He didn't give Uncle Sam an interest free loan. ;)

 
P

Pacfanweb

Lifer
Jan 2, 2000
13,158
59
91
Originally posted by: PhoenixOrion
What's there to gloat? you don't have money coming back :p
Click to expand...
That's exactly the reason to gloat. If you end up +/- 100 bucks, you did it right.
 
P

PhoenixOrion

Diamond Member
May 4, 2004
4,312
0
0
Originally posted by: Pacfanweb
Originally posted by: PhoenixOrion
What's there to gloat? you don't have money coming back :p
Click to expand...
That's exactly the reason to gloat. If you end up +/- 100 bucks, you did it right.
Click to expand...

To still pay an additional $78 on top of the thousands of dollars that you already paid to uncle sam throughout the year isn't exactly doing it 'right.'

Now....if it was "I recovered close to 100% of what was withheld from me at the year-end tax settlement" :thumbsup:
 
jpeyton

jpeyton

Moderator in SFF, Notebooks, Pre-Built/Barebones
Moderator
Aug 23, 2003
25,375
142
116
"Gloating" threads never go well.
 
Jeff7

Jeff7

Lifer
Jan 4, 2001
41,596
20
81
I can't even do mine, and I'd like to get my "refund" back - I haven't gotten my W2's yet.


Originally posted by: Whoozyerdaddy
Originally posted by: PhoenixOrion
What's there to gloat? you don't have money coming back :p
Click to expand...

That's what he's gloating about. He didn't give Uncle Sam an interest free loan. ;)
Click to expand...
Yes he did. But it wasn't enough, so he has to pay even more now.
 
Whoozyerdaddy

Whoozyerdaddy

Lifer
Jun 27, 2005
19,216
1
61
Originally posted by: Jeff7
I can't even do mine, and I'd like to get my "refund" back - I haven't gotten my W2's yet.


Originally posted by: Whoozyerdaddy
Originally posted by: PhoenixOrion
What's there to gloat? you don't have money coming back :p
Click to expand...

That's what he's gloating about. He didn't give Uncle Sam an interest free loan. ;)
Click to expand...
Yes he did. But it wasn't enough, so he has to pay even more now.
Click to expand...

ZOMG!!!!! $78! Oh the huge manatee!

If you nail it to within $100 you win. If you get money back you lose.
 
P

PhoenixOrion

Diamond Member
May 4, 2004
4,312
0
0
Originally posted by: Jeff7
I can't even do mine, and I'd like to get my "refund" back - I haven't gotten my W2's yet.


Originally posted by: Whoozyerdaddy
Originally posted by: PhoenixOrion
What's there to gloat? you don't have money coming back :p
Click to expand...

That's what he's gloating about. He didn't give Uncle Sam an interest free loan. ;)
Click to expand...
Yes he did. But it wasn't enough, so he has to pay even more now.
Click to expand...

Bingo!

Every time a tax payer still has to pay more taxes on top of what was withheld from them throughout the year, regardless of what was their withholding allowance, more than likely could have done better with their tax preparation (deductions, tack on that capital/investment loss especially with the 2007 stock market, write up depreciation of a property, loss on a profit-motive hobby, open up an IRA before April 2008, etc.) to lower taxable income so that they always recoup some of their money back come year-end settlement. Think about it for a second.

 
W

Wreckem

Diamond Member
Sep 23, 2006
9,548
1,128
126
Originally posted by: Whoozyerdaddy
Originally posted by: Jeff7
I can't even do mine, and I'd like to get my "refund" back - I haven't gotten my W2's yet.


Originally posted by: Whoozyerdaddy
Originally posted by: PhoenixOrion
What's there to gloat? you don't have money coming back :p
Click to expand...

That's what he's gloating about. He didn't give Uncle Sam an interest free loan. ;)
Click to expand...
Yes he did. But it wasn't enough, so he has to pay even more now.
Click to expand...

ZOMG!!!!! $78! Oh the huge manatee!

If you nail it to within $100 you win. If you get money back you lose.
Click to expand...

That depends if it was money you paid in.

EIC for the win. I get a $391 return. Free(to me) money.
 
T

thepd7

Diamond Member
Jan 2, 2005
9,423
0
0
Originally posted by: aplefka
Originally posted by: dquan97
Haven't even gotten my W2 yet!
Click to expand...

Same, and I'm starting to get pissed about it since I want to file my FAFSA for the year.
Click to expand...

Seriously. I have always gotten my W2s the first 2 weeks of january except for this year. I want money dammit!!!
 
B

Blain

Lifer
Oct 9, 1999
23,643
3
81
The Idiots guide to taxes...

1. If you owe $$$ at the end of the year, you borrowed the government's money > INTEREST FREE. :laugh:
2. If you got a refund at the end of the year, the government borrowed your money and paid you > NO INTEREST. :confused:
 
kranky

kranky

Elite Member
Oct 9, 1999
21,019
156
106
Originally posted by: Blain
The Idiots guide to taxes...

1. If you owe $$$ at the end of the year, you borrowed the government's money > INTEREST FREE. :laugh:
Click to expand...

I just want to cry whenever I see a reference to "the government's money".

 
E

Exterous

Super Moderator
Jun 20, 2006
20,569
3,762
126
Originally posted by: kranky
Originally posted by: Blain
The Idiots guide to taxes...

1. If you owe $$$ at the end of the year, you borrowed the government's money > INTEREST FREE. :laugh:
Click to expand...

I just want to cry whenever I see a reference to "the government's money".
Click to expand...

lol

I join the many numbers of people who have not gotten their W2s yet :(
 
X

xSauronx

Lifer
Jul 14, 2000
19,582
4
81
Originally posted by: Exterous
Originally posted by: kranky
Originally posted by: Blain
The Idiots guide to taxes...

1. If you owe $$$ at the end of the year, you borrowed the government's money > INTEREST FREE. :laugh:
Click to expand...

I just want to cry whenever I see a reference to "the government's money".
Click to expand...

lol

I join the many numbers of people who have not gotten their W2s yet :(
Click to expand...

i wont have mine until the end of the month, meh. im pretty sure im going to owe, however, since i didnt keep up with my taxes fully last year as a contractor, so this is going to suck
 
IronWing

IronWing

No Lifer
Jul 20, 2001
72,942
34,114
136
Mine are done, except the xeroxing. I didn't hit the target. My income isn't steady throughout the year or from year to year so hitting the perfect withholding rate is hard.
 
JEDI

JEDI

Lifer
Sep 25, 2001
29,391
2,738
126
Originally posted by: Zenmervolt
First time in my life I've had them finished earlier than April 13th. :p

I owe a grand total of $78. I'd say that I estimated my withholdings pretty damn well.

ZV
Click to expand...

congrats. hope you're mailing in the $78 by 4/15, but filing the extension, and do the actual filing on 10/15.
 
IronWing

IronWing

No Lifer
Jul 20, 2001
72,942
34,114
136
Originally posted by: JEDI

congrats. hope you're mailing in the $78 by 4/15, but filing the extension, and do the actual filing on 10/15.
Click to expand...

I understand the waiting until 4/15 to pay but what does waiting until October to file get you?
 
P

pstylesss

Platinum Member
Mar 21, 2007
2,914
0
0
I just got my "draft" W2s. Last year I think I got four W2s in total because of mistakes. This year they had four audits to fix their mistakes. Now they think they can get away with fuckups because we are suppose to double check them.

"Hey, we gave you a draft, if its screwed up you should have caught it first, not our problem."
 
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