Are Your Taxes Done Yet?

[crokett]

And since I use taxes as a form of saving money, I'm gonna get a refund of $8800 .

.

As long as you realize that is what you are doing. I cringe every time I see a commercial for a 'refund anticipation loan' although I realize that there are people who could genuinely use the money. I prefer to have my W2 adjusted to owe a little. The government doesn't give me interest on my money they keep all year so I save it myself and earn a little interest. Before I got married I would try to neither owe nor receive. The best year I had I owed 2 bucks to the Feds and less than a dollar to the state.

[ragswl4]

Nope, I'll start on April 14th. Anyway us folks in CA will be getting IOUs from the state if we have a refund. Funny thing is the state comptroller issued a statement a few days ago about the "IOU" in lieu of a refund and then promptly ordered $2 million worth of new office furniture. What the heck we are only $42 billion in the hole over the next two years so $2 mil is drop in the bucket.

[just started]

As long as you realize that is what you are doing. I cringe every time I see a commercial for a 'refund anticipation loan' although I realize that there are people who could genuinely use the money. I prefer to have my W2 adjusted to owe a little. The government doesn't give me interest on my money they keep all year so I save it myself and earn a little interest. Before I got married I would try to neither owe nor receive. The best year I had I owed 2 bucks to the Feds and less than a dollar to the state.

+ 1 !!! I ALWAYS owe both the feds and state, they steal enough of my money already and I'm not going to give them an interest-free loan on top of that.

I can't finish my taxes until I get all of the K-1's from various investments and there is no early deadline for them to be issued so I usually don't start until sometime in March.

[radhak]

I have had that discussion before - with others and with myself - and decided that if that money was with me, I'd only spend it; and if not, get a pittance as interest.

A lump-sum is a great boost at the end of the year, and allows me to use it the best way I can.

[DonHo]

Taxes are done and filed. Used TurboTax and direct deposit for refunds. The State refund hit the bank about a week ago and the federal refund today ( 2/10/09 ). No big deal as this year it's going to a new frig instead of new tools or wood, but still beats the heck outta having to send them more money to help bail out the crooks and others!

DonHo

[germdoc]

Got everything together--need to get it into accountant soon. With divorce last year and tuition and other complications, I don't trust myself to do it accurately or legally. Most years the accountant more than pays for herself by finding deductions I was not aware of.

Maybe next year my life will be simple enough I can do it myself...

[docrowan]

+1 on TurboTax. We've used it every year since we got married, with the exception of one year where we tried a cheaper brand. I say cheaper in the derogotory sense of the word. My wife put in all the numbers and massaged it for almost a week while we were gathering documents and figures. I reviewed all pages on Saturday (2/7) and hit the e-file button.

'Little man' is giving us a nice sized refund this year. We don't like a big refund either, but we always try to have a small one. I don't need the worry of having an unexpected hit. We run our budget pretty close to the bone.

[pelligrini]

Most years the accountant more than pays for herself by finding deductions I was not aware of.

I can relate to that. The last time I did my own taxes via turbo tax I figured I owed uncle sam about $6k (self employed & didn't pay quarterly). My wife finally convinced my to spend some money on an accountant. Their verstion of that return had me getting back $28 (it could have been more, but I didn't want to get too creative). I've been using that accountant for over 12 years now. Well worth it in my case.

[MilDoc]

Done in January (so I know what I owe - pay estimated taxes and always owe some) except for 2 docs that need to be entered in place of pretty accurate "guesstimates."

[RAFlorida]

DEEPTHROAT, said there wasn't any money left

for us poor folks to get a refund. And those that owe, must double up what they gotta pay the feds. At least I got ours done early this years and sent the bigs guys some extra change to help out the poor banking people.

[Ed62]

We haven't made enough money for several years to have to file taxes, but I'll probably figure it out to see if I might be due a small refund.

Ed

[twistsol]

Taxes are done. I just finished them and I owe an additional $1400 between federal and state.

I budgeted for more than that so I'm taking the family out to dinner.

[germdoc]

I got my refund check back from the state--$2200, but I owe Uncle Sam $1000 and owe accountant $300, so that leaves...$700. Time to pay off some bills, plus a little something for Daddy here...

[bruce hylton]

Corporation made some, almost caught up with 2005 losses. Recycle co. went in the hole 20k because of a leg injury and poor management on my part. Maybe prices will rise and I will make up for the losses.