15-04-2005 17:58									#1
	April 15, It's Tax Day! Increase Your PM Length

If you haven's sent your tax returns in you still have until midnight tonight. Fortunately, I sent mine in 2 months ago. I am getting PO'ed at the rediculous number of deductions and credits, there are so many that it seems every little special intrest has thier own deduction, distroying the whole purpose of deductions because eveyone has a special deduction made just for them.

	15-04-2005 18:02									#2
	Support Apolyton, buy Civilization III: Complete

I finally got my tax return. Yay! I can pay my rent!

	15-04-2005 18:17									#3
	Re: April 15, It's Tax Day! Enter the AD-FREE zone

quote: Originally posted by Odin I am getting PO'ed at the rediculous number of deductions and credits, there are so many that it seems every little special intrest has thier own deduction, distroying the whole purpose of deductions because eveyone has a special deduction made just for them.

Flat taxes can resolve that problem.

Its probably the only good reason for them though.

	15-04-2005 18:22									#4
	Support Apolyton buy from Amazon

I got my taxes in a couple days ago.

Fortunately, my taxes are very straightforward cause I am a single guy with a white collar job that earns 40,000$/year.

I basically just plug in my gross income from my W2, plug in the taxes withheld from my W2, look up in the table what taxes I owe, substract the appropriate numbers and voila, I get the taxes I need to pay or the refund I will get.

	15-04-2005 18:28									#5
	Increase the size of your Attachments

Do you have to fill out a return on an income that low and usual, given you are paying through a witholding scheme? Or is it that you want to check you aren't overpaying?

Here, I'd need to be earning over $150,000 through pay as you earn witholding before it became mandatory.

	15-04-2005 18:31									#6
	Support Apolyton

Fed Income tax: Refund of $121
State Income tax: Pay $89

Federal Corporate Income Tax (for DSI, not CRG): $427
State Corporate Income Tax (for DSI, not CRG): $100

Not bad tax planning, I say!

	15-04-2005 18:40									#7
	Support Apolyton, buy Civilization III: Complete

quote: Originally posted by Dauphin Do you have to fill out a return on an income that low and usual, given you are paying through a witholding scheme? Or is it that you want to check you aren't overpaying?

Were you asking me?

In the past, I have gotten refunds because my employer was witholding too much. And this year, I got a raise but the amount they witheld was the same, so I ended owing about 135$ in taxes. In otherwords, they were not witholding enough.

And of course, there's the same issue with State and county taxes as well. My State has an income tax and my county has a tax too. So, I want to make sure that I pay those too.

	15-04-2005 20:35									#8
	Support Apolyton, buy GURPS/ Alpha Centauri

In the US, you cannot rely upon the withholding rules to accurately withhold the proper amount of taxes. In the vast majority of cases, the default rules would withhold too much. The government does this on purpose (in effect a 0% interest loan). So, most people file to get a refund. If they did not file, the government would just keep the refund (dirty bastards).

	15-04-2005 21:12									#9
	Remove this text

I get $800+ from federal and pay the state $700+.



Mailed em out yesterday. What a hassle, we need to change the sysyem.

	15-04-2005 21:12									#10
	Support Apolyton, buy Civilization: The Boardgame

mailed mine today. 9 dollar return.

	15-04-2005 21:32									#11
	Support Apolyton buy from Amazon

I filed on Feb 3rd. Because BG has a bad student loan, I have to file an injured spouse claim so our entire return doesn't get snatched by the Feds to pay for her loan. I just got the return today, about $50 than I expected, so about $680 back.

After setting aside money for May's rent and BG's work shoes, we'll have $145 for the next week. Part of that goes to fixing my bike, part to getting a local phone number (we still have a Jax phone # cuz we use VoIP), part goes to laundry, part goes to food.

I had hoped to buy a $500 beater car, but BG's mom is coming down for the last week of April, and so the wife is taking a week off work.

Ah well. I had a great interview yesterday with a company I'd really like to work for downtown FtL, Autonation. It's a ten minute bikeride and it's downtown, bboth of which I like. Looks like easy work too. Which might be a problem as they are concerned I might be overqualified.

	15-04-2005 21:38									#12
	Got spare money?

My federal tax bill was around $32,000.
But we did get about 1500 back.

	15-04-2005 21:40									#13
	Support Apolyton, buy Galactic Civilizations

I wish I had to pay $32000. It would mean I'm making so much more.

	15-04-2005 21:43									#14
	Support Apolyton

quote: Originally posted by rah My federal tax bill was around $32,000. But we did get about 1500 back.

its crazy that regular people pay more in taxes than have earned in the past 4 years combined.

	15-04-2005 22:15									#15
	Support Apolyton or Terrorists Win

Our federal tax bill was about 130k, give or take 10k.

	15-04-2005 22:16									#16
	Support Apolyton, buy Galactic Civilizations

WTF. i wont make 150k in the next 10 years.

	15-04-2005 22:16									#17
	Help yourself to an AD-FREE life

I didn't bother to look, I don't want to know.

I am getting some back though!@

Yaay!!

	15-04-2005 22:17									#18
	Support Apolyton, buy Civilization 2

quote: Originally posted by MRT144 WTF. i wont make 150k in the next 10 years.

The 5 was a typo.

	15-04-2005 22:29									#19
	Remove this text

quote: Originally posted by pchang In the US, you cannot rely upon the withholding rules to accurately withhold the proper amount of taxes. In the vast majority of cases, the default rules would withhold too much. The government does this on purpose (in effect a 0% interest loan). So, most people file to get a refund. If they did not file, the government would just keep the refund (dirty bastards).

And fine them for not filing.

	15-04-2005 22:30									#20
	Support Apolyton, buy Call to Power 2

quote: Originally posted by Kuciwalker Our federal tax bill was about 130k, give or take 10k.

Your parents tax bill was 130k. Your tax bill was probably nil.

Don't confuse the two, or we'll just have to call you Glonk.

	15-04-2005 22:36									#21
	Support Apolyton or Terrorists Win

And tonight, we all will be treated to great local news coverge at the post offices at around 11 PM where people are driving the post office and mailing their tax returns in before the MIDNIGHT deadline.

Every damn year.... what an interesting news peace

	15-04-2005 22:41									#22
	Support Apolyton, buy GURPS/ Alpha Centauri

quote: Originally posted by JohnT And fine them for not filing.

IIRC, you only get fined if you owe, not if you don't.

	15-04-2005 22:42									#23
	Remove this text

What the hell do your parents do for a living, Kuci? If they pay that much in taxes I am betting thier income is around $400,000. lets start calling Kuci a rich brat.

	15-04-2005 22:42									#24
	Remove this text

No, you get fined for not filing. Else how would they know whether or not you owe? The IRS doesn't do your taxes and then see if your form matches theirs, Che.

Checks...

Ah, I'm wrong.

quote: Let's say you are certain there are no additional federal income taxes due for last year. Maybe you had negative taxable income or coughed up your share via withholding or estimated payments. Now you are missing some records; are too darned busy at work; or have some other convincing reason for putting off filing. And you don't want to bother with getting an extension either. No problem, since you don't owe — right? Wrong. While it's true there will be no IRS interest or penalties (these are based on your unpaid liability, which you say is zero), blowing off filing or extending is still a bad idea. Here's why. You may be due a refund. Filing a return gets your money back. No return, no refund. Until a return is filed, the three-year statute-of-limitations period for the commencement of an IRS audit never gets started. The IRS can then audit your 2004 situation five years (or more) from now, and hit you with a tax bill, plus interest and penalties. By then, you may not be able to prove you actually owed nothing. In contrast, when you do the smart thing and file a 2004 return showing zero taxes due, the government must generally begin any audit within three years. Once the deadline passes, your 2004 tax year is generally water under the bridge, even if the return had some warts. If you had a tax loss in 2004, you may be able to carry it back as far as your 2002 tax year and claim refunds. However, until you file a 2004 return, your loss doesn't officially exist, and no refund claims are possible. There are other more esoteric reasons that apply to taxpayers in specific situations. The bottom line is, you need to either file by April 15 or, perhaps more realistically, get an extension and file later when you have more time. The IRS will automatically approve any request for a four-month filing extension to August 15. Simply file Form 4868 (Application for Automatic Extension of Time to File U.S. Individual Income Tax Return) by April 15. Completing it takes about two minutes. (Honestly.) You don't need to have a reason for asking for the extension, and signatures are no longer required. For example, if your spouse is vacationing in Greece or unavailable to sign for any reason, that's no problem. The only requirement is the total 2004 income tax liability and any amount still owing (which could be zero) must be estimated with reasonable accuracy (and paid) with Form 4868.

This must be part of the pro-taxpayer IRS reforms passed by the Republicans back in the 1990's, 'cause I know personally that there was a time where if you didn't file, you still got fined.

	15-04-2005 22:47									#25
	Put an end to popups!

quote: Originally posted by Odin What the hell do your parents do for a living, Kuci? If they pay that much in taxes I am betting thier income is around $400,000. lets start calling Kuci a rich brat.

Heck, I know plenty of people that would call Rah's kids spoiled brats based on his income.

	15-04-2005 23:06									#26
	Support Apolyton, buy Alpha Centauri

quote: Originally posted by JohnT Your parents tax bill was 130k. Your tax bill was probably nil. Don't confuse the two, or we'll just have to call you Glonk.

Our as in a family.

My rebate was $100

	15-04-2005 23:07									#27
	Browse Apolyton AD-FREE

It's not just my income, it includes my wife's since we file jointly. And I'm sure once most of you reach the age we're at, you too will also have an equally sizeable tax liability. Of course by then inflation will mean your's will be twice that then.

	15-04-2005 23:08									#28
	Support Apolyton, pre-order Civilization IV

quote: Originally posted by Odin What the hell do your parents do for a living, Kuci? If they pay that much in taxes I am betting thier income is around $400,000. lets start calling Kuci a rich brat.

My dad has a law degree and is a professional actuary, which is a very lucrative combination.

	15-04-2005 23:40									#29
	Support Apolyton, buy Civilization: The Boardgame

quote: Originally posted by JohnT This must be part of the pro-taxpayer IRS reforms passed by the Republicans back in the 1990's, 'cause I know personally that there was a time where if you didn't file, you still got fined.

You know personally? There were a couple of years in the 80s when I didn't file because the amount I would have gotten back was less than $50. I remember asking about it then and being told that as long as I didn't owe money, the IRS would be happy to keep my refund.

	15-04-2005 23:43									#30
	Help yourself to an AD-FREE life

Yeah. Didn't file once in college a year after earning $25,000. Got a letter from the IRS in November telling me that I didn't file and that my estimated penalty was $78 (I remember because the amount was so weird). I filed, wrote a check for $78, and that was that.

At least, until the check bounced. That was another $100+ dollars, to sort that mess out!