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| The Scuppers This is a new forum for the not necessarily fishing related topics... |
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04-16-2012, 10:15 PM
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#1
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Registered User
Join Date: May 2000
Location: Cumberland,RI
Posts: 8,555
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Taxes done?
Got my taxes done today. Got killed by the Fed tax , State tax as anticipated (too much but of course just a fraction of the Fed tax.
Anybody still bringing it down to the nail biting time hoping to get a postmark before midnight tomorrow?  I've "been there , done that" many a time in my life. I think its called "Life on the Edge"! |
Saltheart
Custom Crafted Rods by Saltheart
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04-17-2012, 09:15 AM
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#2
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Super Moderator
Join Date: Aug 2000
Location: Middleboro MA
Posts: 17,125
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First year in a long time I had them done very early. I had to since my daughter is graduating high school and going to college next year we had to get the financial aid paperwork done.
I always dread tax time, it seems so stressful.
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04-17-2012, 09:39 AM
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#3
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Registered User
Join Date: May 2003
Location: Easton, MA
Posts: 5,737
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I got mine done about a month ago. Getting much less than I should have because my wife earned about twice as much as she did last year as a consultant and never changed her filing status (even though I told her too several times). I found out last week that I'll be getting back money that I paid into RI for temporary disability from 2008 through 2011, so that's good. Probably about $800 per year for 4 years, but I won't see any of it until probably at least June.
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Conservatism is not about leaving people behind. Conservatism is about empowering people to catch up, to give them tools at their disposal that make it possible for them to access all the hope, all the promise, all the opportunity that America offers. - Marco Rubio
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04-17-2012, 09:51 AM
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#4
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Registered User
Join Date: Jul 2004
Posts: 10,295
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I converted an IRA to a Roth IRA. Owed big $ and have to make quarterly taxes payments of big $. I'm miserable.
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04-17-2012, 10:33 AM
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#5
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Old Guy
Join Date: Oct 2004
Location: Mansfield, MA
Posts: 8,760
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That ro disability is windfall. Some person in my house has plans for it.
Posted from my iPhone/Mobile device
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04-17-2012, 10:48 AM
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#6
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Registered User
Join Date: Feb 2003
Location: Hyde Park, MA
Posts: 4,152
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Just mailed mine this morning.
I knew I owed, so a wait to the last day so that it takes them awhile to get to actually cashing my check.
I used to (20+ years back) figure if I owed and then fill out the return up to the point where it says "stop here if you want us to figure your taxes for you".
Since I already knew I owed, I did just that, signed the return and included any W2's before mailing it off.
I would get a bill from the IRS about a month later telling me how much I owed (which I knew already) and telling me I had 30 days to pay it.
I would send my payment during that last week of the billing period.
(I NEVER was late due to the fines that WILL be imposed.)
In the end I ended up paying my taxes in lat MAY to early JUNE with no interest or penalties.
Of course this only really works with simple returns.
Just making the system work for me for a change.
Now I just do the paperwork and mail on the last day or so.
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