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I Just Finished My Taxes....Are You Done Yet?

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loriken214

Ideal_Rock
Joined
Oct 21, 2007
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4,348
Whew, I can''t believe I''m done with our taxes....e-filed and everything! We owe BIG TIME and I applied for the payment plan...this way it won''t eat into my gemstone budget....am I bad, or what?


Lori
 

FrekeChild

Super_Ideal_Rock
Joined
Dec 14, 2007
Messages
19,456
No, but I just have to sign and put it in the mail. I should do that tomorrow...
 

Sabine

Ideal_Rock
Joined
Aug 16, 2007
Messages
3,446
We mailed ours in about a week ago. I''m the type of person who likes to get them done as soon as I get all the pertinent material, but for the past few years, dh''s dad has been doing them for us since he''s a CPA. He doesn''t usually get them done until the beginning of April, which honestly, makes the control freak in me quite nervous, but I suppose it''s a small price to pay for having them done for free!
 

geckodani

Ideal_Rock
Joined
Jun 25, 2008
Messages
8,896
Gah! Thank you for reminding me! I have never waited this long to do them. Oy.
 

decodelighted

Super_Ideal_Rock
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Jul 27, 2005
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11,534
We''re done & were relieved that we didn''t owe quite as much as we''d feared! Went out to dinner to celebrate last Sat!
 

April20

Ideal_Rock
Joined
Aug 1, 2008
Messages
3,312
I am 95% complete. I''m just waiting on word from our accountant if we have to include some of the business side of things into our personal taxes and what the impact is if so. I knew we''d owe this year and when I was halfway done we owed about $900 between Federal and State. By the time I got the rest of our deductions entered, I had us down to just under $400 total that we owe. I''m stoked.

We haven''t filed yet, but I need to get it done in the next couple days because our schedules get crazy and I do not want to forget to file!
 

MrsG

Shiny_Rock
Joined
Oct 5, 2008
Messages
153
We are done. And unfortunately we owe quite a bit this year
There go those studs I oh so wanted for mother''s day
 

meresal

Ideal_Rock
Joined
Nov 13, 2007
Messages
5,720
Finished and e-filed the first week of February... however, since I'm getting married, this is the last year that my tax fiing will be a mindless task. Well, for the first year or two.

ETA: Didn't owe anything, but got a nice chunck back. For now, until I have children, I have a crap load taken out of my check.
 

bebe

Ideal_Rock
Joined
Nov 20, 2007
Messages
2,845
CPA says they are done. We pay an obscene amt in taxes, makes me
ill to see how careless our government is with our money.
 

Hudson_Hawk

Super_Ideal_Rock
Joined
Nov 2, 2006
Messages
10,541
We had ours finished a few weeks ago. FI got a nice return. Me not so much...but at least I don''t owe!
 

geckodani

Ideal_Rock
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Jun 25, 2008
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8,896
Date: 4/9/2009 9:15:32 AM
Author: meresal
Finished and e-filed the first week of February... however, since I''m getting married, this is the last year that my tax fiing will be a mindless task. Well, for the first year or two.

ETA: Didn''t owe anything, but got a nice chunck back. For now, until I have children, I have a crap load taken out of my check.
We do the same thing.
 

tlh

Ideal_Rock
Joined
Dec 31, 2008
Messages
4,511
yes, I wanted to get an early jump on the refund money since our state was running out!
 

soocool

Ideal_Rock
Joined
Jan 10, 2009
Messages
2,827
e-filed last week and waiting for the return. Then finding "the" diamond (know the setting I want) and ordering my new ring!
 

misskitty

Brilliant_Rock
Joined
Aug 20, 2008
Messages
1,691
Date: 4/9/2009 10:11:31 AM
Author: soocool
e-filed last week and waiting for the return. Then finding ''the'' diamond (know the setting I want) and ordering my new ring!
I like this use of a tax return!

I got mine back a couple of weeks ago, but it went straight to the bursar''s office. Hooray, school?
 

purrfectpear

Ideal_Rock
Joined
Mar 31, 2008
Messages
4,079
I owe a fortune as I made about 30% more than usual last year on an out of state assignment. I''ll pay in cash. No way would I have a payment plan with the Govt. and give them interest
 

MichelleCarmen

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Joined
Feb 8, 2003
Messages
15,880
Date: 4/9/2009 9:15:32 AM
Author: meresal
Finished and e-filed the first week of February... however, since I''m getting married, this is the last year that my tax fiing will be a mindless task. Well, for the first year or two.

ETA: Didn''t owe anything, but got a nice chunck back. For now, until I have children, I have a crap load taken out of my check.
Why do you pay more when you can instead put the money in an interest bearing account?

I did our taxes last month and am suppose to get the check this week! For the 2006 & 2007 we owed because DH was self employed. This year we''re FINALLY getting something back!
 

monarch64

Super_Ideal_Rock
Premium
Joined
Aug 12, 2005
Messages
17,761
My dad''s CPA did mine and charged me $100 to tell me I owe $108.
 

NuggetBrain

Shiny_Rock
Joined
Mar 20, 2009
Messages
206
I did and I have to pay in for the first time ever, ugh. Its a nice chunk too, I''m going to go on a payment plan as well.
 

musey

Super_Ideal_Rock
Joined
Sep 30, 2006
Messages
11,242
Date: 4/9/2009 9:15:32 AM
Author: meresal
Finished and e-filed the first week of February... however, since I'm getting married, this is the last year that my tax fiing will be a mindless task. Well, for the first year or two.
Yeah... this year (first year married) has been yucky.
My singleton taxes were SO EASY!! I knocked 'em out in an hour or so. This year... not so much.

I haven't done state yet. Grr.
 

AmberGretchen

Ideal_Rock
Joined
Jan 6, 2005
Messages
7,770
We owed too, but I''d actually rather that than getting a ton of money back - as DH said, at least we got to keep the interest on that money rather than the government. Its a wrench having to pay it, but we had plenty in savings to cover it, so its not nearly as bad as it could have been.

Our taxes have pretty much been complicated every year for some reason or another (stock options, graduate fellowships, etc...) but this year''s (i.e. the ones we''ll do in early 2010) will be one of the worst - we''ll each only be working for part of the year, plus I''ll have a partial year of graduate school, plus we''ll be moving to a different state mid-year, so that will be lovely and super complicated
 

meresal

Ideal_Rock
Joined
Nov 13, 2007
Messages
5,720
Date: 4/9/2009 11:25:19 AM
Author: MC




Date: 4/9/2009 9:15:32 AM
Author: meresal
Finished and e-filed the first week of February... however, since I'm getting married, this is the last year that my tax fiing will be a mindless task. Well, for the first year or two.

ETA: Didn't owe anything, but got a nice chunck back. For now, until I have children, I have a crap load taken out of my check.
Why do you pay more when you can instead put the money in an interest bearing account?

I did our taxes last month and am suppose to get the check this week! For the 2006 & 2007 we owed because DH was self employed. This year we're FINALLY getting something back!
LOL... MC if there were a savings account out there right now that was paying an interest rate worth the hassle of sending the governemnt money, I would be all for it.
Right now, admittedly, it is strictly out of convenience.

ETA: Now that I think about, MC, this really isn't a bad idea... I just don't like the idea of having to hold onto money. Do you all keep everything and then pay it all at once? Or just pay less than your bracket, and then pay the difference?
 

meresal

Ideal_Rock
Joined
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Messages
5,720
Date: 4/9/2009 12:35:32 PM
Author: AmberGretchen
We owed too, but I'd actually rather that than getting a ton of money back - as DH said, at least we got to keep the interest on that money rather than the government. Its a wrench having to pay it, but we had plenty in savings to cover it, so its not nearly as bad as it could have been.

Our taxes have pretty much been complicated every year for some reason or another (stock options, graduate fellowships, etc...) but this year's (i.e. the ones we'll do in early 2010) will be one of the worst - we'll each only be working for part of the year, plus I'll have a partial year of graduate school, plus we'll be moving to a different state mid-year, so that will be lovely and super complicated
But Amber... no more state income tax!!!
 

mrscushion

Ideal_Rock
Joined
Nov 15, 2008
Messages
3,309
I filed mine in February. Did not owe, but didn''t get a good refund either, just a little bit to basically pay for the tax preparation fees. Too bad.
 

purrfectpear

Ideal_Rock
Joined
Mar 31, 2008
Messages
4,079
Date: 4/9/2009 12:37:50 PM
Author: meresal
LOL... MC if there were a savings account out there right now that was paying an interest rate worth the hassle of sending the governemnt money, I would be all for it.
Right now, admittedly, it is strictly out of convenience.

ETA: Now that I think about, MC, this really isn''t a bad idea... I just don''t like the idea of having to hold onto money. Do you all keep everything and then pay it all at once? Or just pay less than your bracket, and then pay the difference?
How about an online checking account? I have the first $50K of mine at First Arkansas Bank and Trust earning 4.44%. If you have less than $50K, say $25K or $10K, there are other banks that offer checking at higher interest rates.

Pick your poison HERE They''re all FDIC insured
 

luvthemstrawberries

Ideal_Rock
Joined
Jun 19, 2008
Messages
2,107
Date: 4/9/2009 9:15:32 AM
Author: meresal
Finished and e-filed the first week of February... however, since I''m getting married, this is the last year that my tax fiing will be a mindless task. Well, for the first year or two.

ETA: Didn''t owe anything, but got a nice chunck back. For now, until I have children, I have a crap load taken out of my check.
Ditto exactly!
 

Linda W

Super_Ideal_Rock
Joined
Feb 15, 2006
Messages
10,630
We did ours weeks ago. We owe the federal a nice chunk. We are supposed to get back from Calif State, but won''t see it.
 

meresal

Ideal_Rock
Joined
Nov 13, 2007
Messages
5,720
Date: 4/9/2009 1:30:50 PM
Author: purrfectpear



Date: 4/9/2009 12:37:50 PM
Author: meresal
LOL... MC if there were a savings account out there right now that was paying an interest rate worth the hassle of sending the governemnt money, I would be all for it.
Right now, admittedly, it is strictly out of convenience.

ETA: Now that I think about, MC, this really isn't a bad idea... I just don't like the idea of having to hold onto money. Do you all keep everything and then pay it all at once? Or just pay less than your bracket, and then pay the difference?
How about an online checking account? I have the first $50K of mine at First Arkansas Bank and Trust earning 4.44%. If you have less than $50K, say $25K or $10K, there are other banks that offer checking at higher interest rates.

Pick your poison HERE They're all FDIC insured
PP, thanks for the links. Would you believe that I was a financial advisor... in my defense I specialized in 401k's. When it comes to the government I've always erred on the side of safety. Let them have it, and give me back what you don't want


Do you have $0 withheld then? and then pay the total at the end of the year? In my case, I pay such a low amount, comparable of course, that this would be my only option if I actaully wanted to see a substantial amount of interest earned.
 

purrfectpear

Ideal_Rock
Joined
Mar 31, 2008
Messages
4,079
Good God no, I declare 0 and have them take out the maximum and I still have to pay in


If I declared 1, I shudder to think how much I''d owe.

You don''t want to owe too much or the IRS will penalize you.
 

NewEnglandLady

Ideal_Rock
Joined
Jul 27, 2007
Messages
6,299
The accountant just called 10 minutes ago to let me know our taxes are done! We prefer to keep the money in our account as opposed to the government''s, so it''s not uncommon for us to owe. D only worked for half of 2008 and paid taxes on his full salary, so we got money back this year, but not as much as I thought we would have...

I miss the simple single days of e-filing, too. We started using an accountant last year because it was the first year we were married and we weren''t sure if we should file married, married filing separately, etc., plus we buy and sell stock now and it''s too big of a headache for me to file myself.
 
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