Taxes

[Fandango 1,440]

I'm self-employed, so I owe big time

But congrats to you!!!!!!!!!!!!!!!!!

[junglee069 0]

d'oh, i'm still eagerly awaiting for the irs to get my refund to me!!

[almaty 19]

big refund = over-withheld your own money = interest free loan for the government.

Why do people act like they won the lottery when they get a big refund?

Why would you think I act like I won the lottery? I set up tax planning for something that didn't pan out so didn't owe want I thought, now I can use the money. Dude, you are way too serious and critical of others.

alright jim...

[Jasman0717 9]

big refund = over-withheld your own money = interest free loan for the government.

Why do people act like they won the lottery when they get a big refund?

Why would you think I act like I won the lottery? I set up tax planning for something that didn't pan out so didn't owe want I thought, now I can use the money. Dude, you are way too serious and critical of others.

alright jim...

flame war?

[almaty 19]

big refund = over-withheld your own money = interest free loan for the government.

Why do people act like they won the lottery when they get a big refund?

Why would you think I act like I won the lottery? I set up tax planning for something that didn't pan out so didn't owe want I thought, now I can use the money. Dude, you are way too serious and critical of others.

alright jim...

flame war?

nah....just a jealous poster

[ladybird216 2]

we're self-employed too, and we will owe a small fortune I'm sure

[almaty 19]

we're self-employed too, and we will owe a small fortune I'm sure

[Jasman0717 9]

we're self-employed too, and we will owe a small fortune I'm sure

You didn't file quarterly? It is good to set that up if you aren't saving. Besides, the IRS may make you start the quarterly reporting anyway. Good luck

[Mr. Big Dog 10,747]

Yeah, we fared well in '03 (when we married - 'cause I didn't know at the beginning of the year that that would happen and had taxes withheld as single) and '04 (when Nani moved since she didn't work for most of that year). For last year, we come out just about flat.

Having our taxes withheld as we should, of course, we took more money home throughout the year and put a nice stash to the side in '05. And we are earning interest on that. On which, of course, we pay taxes, too.

2006 is gonna look good again. The baby due this year should ease the tax burden a bit, I recon.

Edited February 14, 2006 by ET-US2004

[babybunny 2]

big refund = over-withheld your own money = interest free loan for the government.

Why do people act like they won the lottery when they get a big refund?

Why would you think I act like I won the lottery? I set up tax planning for something that didn't pan out so didn't owe want I thought, now I can use the money. Dude, you are way too serious and critical of others.

I agree with you jasman. enjoy yourself!. I got more than I expected too - normaly I have to pay

this time I got a little something for my baby too.

[sparkofcreation 0]

We had really been hoping to file by now so we could get things out of the way before we move (only 5 days left!!) but one of G's W-2s has gone AWOL ... twice (as in we requested a replacement and that also went missing). He only worked one day for that agency before getting a FT job elsewhere!

In any case, though, I think we're looking at a couple hundred bucks, only. Still, since we're in the middle of moving, every little bit helps! (And of course, we'll get a much better refund next year when we deduct moving expenses.)

Edited February 14, 2006 by sparkofcreation

[ladybird216 2]

we're self-employed too, and we will owe a small fortune I'm sure

You didn't file quarterly? It is good to set that up if you aren't saving. Besides, the IRS may make you start the quarterly reporting anyway. Good luck

Our Accountant is in the process of setting that up for this year, but last year we became a Corporation (we were a DBA before) and they said it would be better for us to pay the penalties for last year and get it all set up for this year! Soooo we are waiting with baited breath to see how much we owe

Jen

[Jasman0717 9]

we're self-employed too, and we will owe a small fortune I'm sure

You didn't file quarterly? It is good to set that up if you aren't saving. Besides, the IRS may make you start the quarterly reporting anyway. Good luck

Our Accountant is in the process of setting that up for this year, but last year we became a Corporation (we were a DBA before) and they said it would be better for us to pay the penalties for last year and get it all set up for this year! Soooo we are waiting with baited breath to see how much we owe

Jen

Cool, this is the best thing to do, it will save you a lot of grief with the IRS at the end of the year. Good luck

[dollface41601 0]

im getting about 400$ back lol....will be a small gift for me when sofyan and i fly home next month