Taxes suck and its that time of the year.

[lovbyts]

Normally I get back between 3k - 5k but this yesr after oulling money from my 401k to pay for stuff noe I owe $19k to the IRS

[Rwy]

I am sure you had no choice but thats why you try and stay away from taking money from the 401k. I would go get a second opinion on your return. Auditing is at an all time low.

[Sfla80]

Never had to pay and kinda curious on how it works. 19k is a ton of money. Do they let u pay it off. And/or how long do they give you?

[Rwy]

The irs is very relaxed with payment plans and its because their fees and interest rival the mafia.

[austinite]

Form 4868

[redhawk01]

Got nailed by irs 2yrs ago. We missed a 1099, and the wife pulled $ from 401k. paid that off over 2 years, @150/mo. Just finished with that last november.
Now the state hit us with the same error two months ago. Funny how they just now found out. So now i have to make payments to the state. Granted it was only 4k, and not 19k.
Good luck

[probuild42]

Just cut a check for $6k on top of my estimates to the IRS. Fvking bastards! No lube and not even a reach around!!

[Back In Black]

I misread the title and thought you were dissing Austin's State!!

[GirlyGymRat]

Got nailed by irs 2yrs ago. We missed a 1099, and the wife pulled $ from 401k. paid that off over 2 years, @150/mo. Just finished with that last november.
Now the state hit us with the same error two months ago. Funny how they just now found out. So now i have to make payments to the state. Granted it was only 4k, and not 19k.
Good luck

I made a tiny mistake one year and I was on a watch list for 5 years. And tiny error compounded to state.

[David LoPan]

Lowest number of audits this year due to lack of staff at the IRS is what I read on a news website. Do I believe this, NO

[Rwy]

The irony. I just checked for my fiancees state refund which was 4k and they are saying we aren't getting anything back and we actually owe. I can't wait to see what the reasoning is

[diesel101]

Sorry no sympathy for anyone that does not get a refund.

[slfmade]

I can't remember what it's like getting a refund. I think the last refund I got was in 2002.

[lovbyts]

I am sure you had no choice but thats why you try and stay away from taking money from the 401k. I would go get a second opinion on your return. Auditing is at an all time low.

I'm good at creative financing and do a lot of charity giving and other tax write offs. I also save all my receipts especially for big purchases such as my remodel of the new house so I can write off more of the sales tax.

I actually got it from 30K down to 19K so that is not bad and yeah I know that audit is down to an all time low but it also showed my audit allert was near the 5% range or less probability.

Never had to pay and kinda curious on how it works. 19k is a ton of money. Do they let u pay it off. And/or how long do they give you?

Form 4868

I'm not going that route, form 4868 extension or making payments, they charge to much interest and then watch you to much.

Sorry no sympathy for anyone that does not get a refund.

Not really looking for sympathy. I know you find it in the dictionary between sh*t and syphilis. lol
I was just bitching a little having to pay in for the 1st time and writing a check for 19K I knew it was coming and planned ahead but it still hurt.

I figure/hope the house investment will be worth it in the next 10+ years and it is going to be a very nice/comfortable place to live once it's done even though a lot of things have cost 2x what they should, taken 3x longer than it should have and had a few big surprises like $6K for a new furnace & heat pump last week but it will be nice having central air and the furnace is a LOT quieter.

[Rusty11]

Sorry no sympathy for anyone that does not get a refund.

Strange comment.

[probuild42]

"The democracy will cease to exist when you take away from those who are willing to work and give to those who would not."
-- Thomas Jefferson

[diesel101]

Strange comment.

Myself and so many Americans pay in our fair share of taxes while a large percentage of people in the USA get most if not all of their tax money refunded.

[Black]

Nothing like paying taxes, I mean, giving the government our money to "invest" in this country how they seem fit.

[lovbyts]

Nothing like paying taxes, I mean, giving the government our money to "invest" in this country how they seem fit.

I think most are investing in other countries.

[Rusty11]

Myself and so many Americans pay in our fair share of taxes while a large percentage of people in the USA get most if not all of their tax money refunded.

Ok. I pay $1000/mo fed taxes and get a few back. Pretty sad.

[diesel101]

Paying taxes wouldn't bother me as bad if our government wouldn't waste it on worthless things.

[Rusty11]

^^^^EXACTLY!!! Don't get me started on that subject. My bp can't handle it

[kelkel]

Lowest number of audits this year due to lack of staff at the IRS is what I read on a news website. Do I believe this, NO

They've been assigned to Obama Care.

[Trevtrev]

A refund likely means that the govt used your money to earn interest throughout the year when you could have had it to do with it what you like.

I adjust everything so that, if anything, I write a very small check.

[Honkey_Kong]

Normally I get back between 3k - 5k but this yesr after oulling money from my 401k to pay for stuff noe I owe $19k to the IRS

It might be time to just move to Thailand.

[lovbyts]

It might be time to just move to Thailand.

10 more years
Philippines

[Rwy]

Strange comment.

He is saying he works the system. Probably said something in more detail but then realized you never say anything bad about the irs on a public forum even if the fourm is about steroids lol

[Rwy]

Paying taxes wouldn't bother me as bad if our government wouldn't waste it on worthless things.

watch this. I swear by this show.

HuffPost Live

[Rusty11]

He is saying he works the system. Probably said something in more detail but then realized you never say anything bad about the irs on a public forum even if the fourm is about steroids lol

LOL. No lie. They're always watching...

[diesel101]

He is saying he works the system. Probably said something in more detail but then realized you never say anything bad about the irs on a public forum even if the fourm is about steroids lol

I wish that was the case. Actually I pay a large amount each year with no hope of getting any back

[Rwy]

We all do. Close to 50% of peoples income goes to tax one way or another.

[Euroholic]

Stop complaining. Usa has low tax rates and you also get guns. Aus pays high taxes and gets no guns. Think positive

[Euroholic]

Do you pay your taxes in one lump sum or threw out the year each pay?

[lovbyts]

Do you pay your taxes in one lump sum or threw out the year each pay?

Taxes are taken out of each paycheck in accordance to the state and city ylwe live in and how many dependence you claim then at the end of the year we file paperwork explaining circumstances and you either have to pay more or get some back.

[Euroholic]

Taxes are taken out of each paycheck in accordance to the state and city ylwe live in and how many dependence you claim then at the end of the year we file paperwork explaining circumstances and you either have to pay more or get some back.

Yea same sorta thing here. As a single white european i always get rapedd!!!!!!

[RaginCajun]

Yea same sorta thing here. As a single white european i always get rapedd!!!!!!

Same with a single male in America

[diesel101]

Same with a single male in America

Same with a married small business owner.

[RaginCajun]

Same with a married small business owner.

i am a small biz owner as well, so i get smoked!

[lovbyts]

i am a small biz owner as well, so i get smoked!

Small Business owners have it the worse. Not only higher taxes but forever changing regulations. They really want to eliminate small business no matter what they say.

[RaginCajun]

Small Business owners have it the worse. Not only higher taxes but forever changing regulations. They really want to eliminate small business no matter what they say.

you got it! small biz is what holds this country together!