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Old Jan 3, 2008 | 01:21 AM
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Question taxes

when do they come in? i cant wait lol who is getting paid and whos not lol iam getting at least 4000 back .... what yall going to do with yall taxes????
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Old Jan 3, 2008 | 01:36 AM
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i work under the table...
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Old Jan 3, 2008 | 01:42 AM
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I should be getting quite a bit back
Im hopefully gonna get:
ASA cam
ls6 springs
hardened pushrods
3800 yank
umi sfc's
HSW N2O kit
dyno tune
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Old Jan 3, 2008 | 02:41 AM
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Originally Posted by khaos288
i work under the table...
no homo?

jk

with my measley amount im going to get back, it will probably be enough to get a cam. and enough beer to get friends to help me install it.
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Old Jan 3, 2008 | 09:10 AM
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Getting something back would be nice
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Old Jan 3, 2008 | 09:14 AM
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im looking at getting around 3 grand back cause of the kiddo
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Old Jan 3, 2008 | 09:17 AM
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I have a little girl I can claim now so I'm not sure how much I'm getting back really..lol
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Old Jan 3, 2008 | 09:17 AM
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I never get crap back! I hate you guys that gets thousands back!!!
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Old Jan 3, 2008 | 09:35 AM
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I will be paying.. I pay every year.. I make sure of it.

I pay child support, and even though I pay child support, they still take my taxes whenever I get money back.. So its easier to pay, then to know I am getting money back but State of N.M. will take it...
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Old Jan 3, 2008 | 09:35 AM
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Originally Posted by E V I L
I never get crap back! I hate you guys that gets thousands back!!!
Have some kids..
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Old Jan 3, 2008 | 09:47 AM
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Originally Posted by quickblade
Have some kids..
Damn that!
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Old Jan 3, 2008 | 10:22 AM
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I get VERY little back.

Unlike most people I guess, I perfer the money throughout the year, then blow it on useless crap in February/March. so, I increase the exemptions on the W4 which equal lower montly tax outlay.

Remember, if you get alot of money back, it is an interest free loan to the government! Why pay into something that you will get back a year later w/out interest???? Just put that same amount of money into a savings account or even a 12 month cD that will yield 5-6% and YOU get the money instead of the Government.

The whole goal of the tax return is to get $0 or pay VERY little in or VERY little out. My dad got into trouble with the IRS for taking 0 exemptions on the W4 and paying in nearly $60k in taxes and getting a $30k refund. The IRS adjusted it FOR him the next year.

Don't forget, that the AMT has been repealed, but will push back a lot of returns being paid on until March/April and may take longer to get your check.

So, even if you file in January and you were in the orignal AMT bracket (like I am), then your return will be delayed!
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Old Jan 3, 2008 | 10:40 AM
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Originally Posted by Splitz
I get VERY little back.

Unlike most people I guess, I perfer the money throughout the year, then blow it on useless crap in February/March. so, I increase the exemptions on the W4 which equal lower montly tax outlay.

Remember, if you get alot of money back, it is an interest free loan to the government! Why pay into something that you will get back a year later w/out interest???? Just put that same amount of money into a savings account or even a 12 month cD that will yield 5-6% and YOU get the money instead of the Government.

The whole goal of the tax return is to get $0 or pay VERY little in or VERY little out.


I increase my exemptions so I don't get anything back or put anything in.
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Old Jan 3, 2008 | 11:01 AM
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Glad I'm not the only one then!
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Old Jan 3, 2008 | 11:17 AM
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It's times like this that I love the board. I have 0 exemptions but that will change. Child support, insurance, and taxes kill me. I don't make much at all, and every little bit will help.
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Old Jan 3, 2008 | 11:51 AM
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hopefully, i can get what i made last year!!!
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Old Jan 3, 2008 | 11:56 AM
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Anyone here know a GOOD EXPAT or CONTRACTOR CPA????
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Old Jan 3, 2008 | 04:40 PM
  #18  
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Whats the "AMT"?
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Old Jan 3, 2008 | 04:48 PM
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does anyone know about what time we get them i cant waitttttt!
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Old Jan 3, 2008 | 04:57 PM
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Originally Posted by Splitz
I get VERY little back.

Unlike most people I guess, I perfer the money throughout the year, then blow it on useless crap in February/March. so, I increase the exemptions on the W4 which equal lower montly tax outlay.

Remember, if you get alot of money back, it is an interest free loan to the government! Why pay into something that you will get back a year later w/out interest???? Just put that same amount of money into a savings account or even a 12 month cD that will yield 5-6% and YOU get the money instead of the Government.

The whole goal of the tax return is to get $0 or pay VERY little in or VERY little out. My dad got into trouble with the IRS for taking 0 exemptions on the W4 and paying in nearly $60k in taxes and getting a $30k refund. The IRS adjusted it FOR him the next year.

Don't forget, that the AMT has been repealed, but will push back a lot of returns being paid on until March/April and may take longer to get your check.

So, even if you file in January and you were in the orignal AMT bracket (like I am), then your return will be delayed!

Wow I am impressed someone sees the light. I am a Financial Advisor and I harp on this all year. Stop giving the GVT your hard earned money!
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