What Stimulus? Tax Man Cometh!!

The_ReverendAct2 · Mar 12, 2009

I remember people were talking about what they will be buying with there stimulus check and refund check, well I will be buying nothing. Just came back from CPA and I am looking at paying Uncle Sam $3,000-$4,000 grand. I have it and will be putting the check in the mail not a day too soon. Glad I don't have much debt except my home.

thefasterblade · Mar 12, 2009

Congrats!

moxacaine · Mar 12, 2009

thefasterblade said:
Congrats!

Congrats for what?

He owes the government 4k.

cgilmo · Mar 12, 2009

ummm

scan or ban?

ru4scuba · Mar 12, 2009

Blue Hodges Reverend said:
I remember people were talking about what they will be buying with there stimulus check and refund check, well I will be buying nothing. Just came back from CPA and I am looking at paying Uncle Sam $3,000-$4,000 grand. I have it and will be putting the check in the mail not a day too soon. Glad I don't have much debt except my home.

I'm looking at a nice tax increase thanks to the idiots in Sacramento and Obama!

KC37 · Mar 12, 2009

I owe this year, too, but it's my wife's fault. When she switched her status to "married", she added me as a dependent. The problem was, I'm working and claiming myself as well. So, well, oops. My return gets wiped out by her mistake.

And, I don't think the tax breaks take effect until April, if I heard correctly. So there was no effect on 08 taxes (I think).

The_ReverendAct2 · Mar 12, 2009

cgilmo said:
ummm

scan or ban?

???

The_ReverendAct2 · Mar 12, 2009

cgilmo said:
ummm

scan or ban?

????

It was wishful thinking on my part anyway because we have paid the government for the last 10 years straight or something like that. I don't like giving the gov't interest free loans, so I would reather spend their money and get mine then the other way around.

cgilmo · Mar 12, 2009

Blue Hodges Reverend said:
cgilmo said:

ummm

scan or ban?

Click to expand...

????

It was wishful thinking on my part anyway because we have paid the government for the last 10 years straight or something like that. I don't like giving the gov't interest free loans, so I would reather spend their money and get mine then the other way around.

it was a joke, my ridiculousness knows no bounds.

lisu · Mar 12, 2009

bungle77 said:
I owe this year, too, but it's my wife's fault. When she switched her status to "married", she added me as a dependent. The problem was, I'm working and claiming myself as well. So, well, oops. My return gets wiped out by her mistake.

And, I don't think the tax breaks take effect until April, if I heard correctly. So there was no effect on 08 taxes (I think).

LOL, I always tell people that if they're married, and their wife also works to claim single. That's funny that she added you as a dependent.

muchuckwagon · Mar 12, 2009

lisu said:
bungle77 said:

I owe this year, too, but it's my wife's fault. When she switched her status to "married", she added me as a dependent. The problem was, I'm working and claiming myself as well. So, well, oops. My return gets wiped out by her mistake.

And, I don't think the tax breaks take effect until April, if I heard correctly. So there was no effect on 08 taxes (I think).

Click to expand...

LOL, I always tell people that if they're married, and their wife also works to claim single. That's funny that she added you as a dependent.

I'm sure most wives would lump their husband in with the kids....it is all an act, men are a lot smarter than we let on to our significant others!

The_ReverendAct2 · Mar 12, 2009

lisu said:
bungle77 said:

I owe this year, too, but it's my wife's fault. When she switched her status to "married", she added me as a dependent. The problem was, I'm working and claiming myself as well. So, well, oops. My return gets wiped out by her mistake.

And, I don't think the tax breaks take effect until April, if I heard correctly. So there was no effect on 08 taxes (I think).

Click to expand...

LOL, I always tell people that if they're married, and their wife also works to claim single. That's funny that she added you as a dependent.

I know my CPA/Financial planner is a good one, but we can't seem to get around our three incomes [Sales/Hospital Supervisor (wife)/Pastor]. Not complaining and feel blessed, but man taxes kill the splurge factor.

chrome_ball · Mar 12, 2009

Look at it this way, you had an interest free loan from the Feds over the past year.

KC37 · Mar 12, 2009

lisu said:
bungle77 said:

I owe this year, too, but it's my wife's fault. When she switched her status to "married", she added me as a dependent. The problem was, I'm working and claiming myself as well. So, well, oops. My return gets wiped out by her mistake.

And, I don't think the tax breaks take effect until April, if I heard correctly. So there was no effect on 08 taxes (I think).

Click to expand...

LOL, I always tell people that if they're married, and their wife also works to claim single. That's funny that she added you as a dependent.

The funny (and frustrating) part is that she works in Human Resources. You'd think she'd know what to do...
I didn't find out until we were at H&R Block.

Which, by the way, all these people told me that the year that goes single-to-married that I should have them done professionally, instead of using the software like I always do. Spending $200 on that "service" was worse than finding out that I had to pay taxes - I was literally telling the guy what went where on the screen. But the "satisfaction guarantee" is just with regards to accuracy. It just made a bad mood worse.

The_ReverendAct2 · Mar 12, 2009

chrome_ball said:
Look at it this way, you had an interest free loan from the Feds over the past year.

exactly. That is why I never worry about paying, because two things happened when I do. #1 Interest free loan from the govt [as long as you are not too far off and have to pay penalties] and #2 I must have done very well in sales. Either way great for my family.

smapdi · Mar 12, 2009

I'd rather owe money than get a refund. If you think about it, there's some amount of money you'll owe. I'd rather have that money in hand, or at least in savings earning interest, and then pay my tax bill, than have the government hold onto it all year and then give it back to me. While it's nice getting it all in one lump sum, you have incrementally more real dollars if you withhold from the government rather than them withholding from you.

I'm getting back $252 this year, less than a third of what I got back last year. I made more, contributed less to my 401K (which was a good move), and refi'd my house so my mortgage interest was lower. As a result, I have a much smaller lump sum coming to me but I had more money in the bank all year.

Cobra29svt · Mar 12, 2009

I know how ya feel. I owe $13k for this year. Had to pay $12k last year. :evil:

pghbuccos · Mar 12, 2009

I owe $800 this year and as others have said I am glad to have had the extra money all year instead of the government and it will be easily paid.

sheetskout · Mar 12, 2009

I love all you guys....a ton.

All I hear is Me, Me, Me, Me, Me.

The_ReverendAct2 · Mar 12, 2009

sheetskout said:
I love all you guys....a ton.

All I hear is Me, Me, Me, Me, Me.

excuse me, hope you are joking, but i don't work for america, but for my family and as for as me, me, me, i give over 15% to charity unlike our VP [2.5%]. :evil: :evil:

Welcome to our community

Be apart of something great, join today!

What Stimulus? Tax Man Cometh!!

New member

New member

Active member

Well-known member

New member

New member

New member

New member

Well-known member

Active member

New member

New member

New member

New member

New member

Well-known member

New member

New member

New member

New member

Similar threads

Log in