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        New Message Board Archives >> 2006 General Board Posts >> tax time
        
(Message started by: maffumatt on Jan 31st, 2006, 4:46pm)
Title: tax time
Post by maffumatt on Jan 31st, 2006, 4:46pm
Woot 4k refund......my trip to see Helen and David is paid for.
Title: Re: tax time
Post by zwibbs/Scott on Jan 31st, 2006, 4:52pm
t 4k refund......--------------------------------------------------------------------------------------------------------------------------------------You Bastard !!!!!!!!!!!! LOL
Title: Re: tax time
Post by Jonny on Jan 31st, 2006, 4:58pm
I made a grand more than I did last year, I guess I got more coming back ;;D

Last years refund $6,426.00  ;)

Just wish I got interest on it  :(
Title: Re: tax time
Post by BMoneeTheMoneeMan on Jan 31st, 2006, 5:23pm
Holy crap Matt, nice!!
Hey, u think there is enough left over for you to send me to the bahamas?
Thanks a lot man, i appreciate it.
BMonee
Title: Re: tax time
Post by Sandy_C on Jan 31st, 2006, 5:38pm
Nice!  I'd love to see your list of legal "deductions".    Wife:  Marylin (as in Monroe), children: Dingo(the dog), Garfield (the cat), Nemo (the fish), Hamilton (the hamster).  Wanna donate a little for my airfare to Milwaukee in July???  ;)

Sandy
Title: Re: tax time
Post by kissmyglass on Jan 31st, 2006, 5:48pm
I'm screwed  :(
Title: Never well, Never screwed
Post by Richr8 on Jan 31st, 2006, 5:52pm
It's all who you want holding the money during the year.  A fine balancing act that's tough to figure out.  Especially when things change. Divorce, sell a home, kids move off, cpital gains, new job, etc.
Title: Re: tax time
Post by Jonny on Jan 31st, 2006, 5:54pm

on 01/31/06 at 17:48:01, kissmyglass wrote:
I'm screwed  :(


Hell Bro, move up here. I got a spare room, you can change your name and I will give you a job with my company ;;D

FUCK THE MAN!!!!!!!
Title: Re: tax time
Post by maffumatt on Jan 31st, 2006, 6:03pm
we had to pay in around 3500 in 03 because Mary wen't back to work and claimed the kids on her w2,as was I,  now we don't claim them until we file. It takes a bite out of my checks but at least that way we don't owe. Think loan sharks are bad, deal with the IRS.

Check this out
http://www.irs.gov/publications/p502/ar02.html
Be surprised what you can write off..................

Medicines

You can include in medical expenses amounts you pay for prescribed medicines and drugs. A prescribed drug is one that requires a prescription by a doctor for its use by an individual. You can also include amounts you pay for insulin. Except for insulin, you cannot include in medical expenses amounts you pay for a drug that is not prescribed.
Title: Re: tax time
Post by kissmyglass on Jan 31st, 2006, 7:04pm

on 01/31/06 at 17:54:49, Jonny wrote:
Hell Bro, move up here. I got a spare room, you can change your name and I will give you a job with my company ;;D

FUCK THE MAN!!!!!!!


Can ya pay me under the table???
Title: Re: tax time
Post by Opus on Jan 31st, 2006, 7:17pm
Sometimes it is great to be poor, I get back double of what I payed in ;;D

But still can't find that Umemployment statement >:(

Opus/Paul
Title: Re: tax time
Post by Jonny on Jan 31st, 2006, 7:23pm

on 01/31/06 at 19:04:10, kissmyglass wrote:
Can ya pay me under the table???


Id rather just hand it to you if thats ok ;;D
Title: Freedom isn't free!
Post by Richr8 on Jan 31st, 2006, 7:55pm
Yeah, yeah, I know all about the waste and abuse.
Title: Re: tax time
Post by E-Double on Jan 31st, 2006, 7:58pm

on 01/31/06 at 16:46:22, maffumatt wrote:
Woot 4k refund......my trip to see Helen and David is paid for.


Ya bitch!
I just paid that in quarterlies, however we might get something since we are first time home owners......I hope!
Title: Re: tax time
Post by Jonny on Jan 31st, 2006, 8:13pm

on 01/31/06 at 19:58:15, E-Double wrote:
we might get something since we are first time home owners......I hope!


That helps more than you know, Dude ;;D
Title: Re: tax time
Post by stevegeebe on Jan 31st, 2006, 8:47pm
Been looking over the Katrina Tax Relief Act details.

With the exception of the waiving of the 10% penality for early withdrawal from the 401K for hurricane-related expences, nothing there for us.

Five grand is about what we get back. I'll take it. It's not hard to count your blessings when you have a job and a house to come home to.

Steve G
Title: Re: tax time
Post by BMoneeTheMoneeMan on Jan 31st, 2006, 9:07pm

on 01/31/06 at 19:58:15, E-Double wrote:
Ya bitch!
I just paid that in quarterlies, however we might get something since we are first time home owners......I hope!


Hey bro, you got that in October, right?  all you would get is about 1 or 2 months of the taxes you paid on it and also the interest you paid on the mortgage during that time.  Ya probably paid interest for about 2 months or so, right?
Its better than nothing for sure!!  
Ya gotta get creative, bro.  
BMonee
Title: Re: tax time
Post by Woobie on Jan 31st, 2006, 10:09pm
Wonder if the OUCH Conventions are deductible......


Medical Conferences
You can include in medical expenses amounts paid for admission and transportation to a medical conference if the medical conference concerns the chronic illness of yourself, your spouse, or your dependent. The costs of the medical conference must be primarily for and necessary to the medical care of you, your spouse, or your dependent. The majority of the time spent at the conference must be spent attending sessions on medical information.



The cost of meals and lodging while attending the conference is not deductible as a medical expense
Title: Re: tax time
Post by maffumatt on Jan 31st, 2006, 10:24pm
I hope it is because I used it
Title: Re: tax time
Post by chewy on Jan 31st, 2006, 10:41pm

Quote:
I'm screwed  


You've got company.
Title: Re: tax time
Post by BarbaraD on Feb 1st, 2006, 7:34am
Take all those miles you "drive" to the doctor and pharmacy too. You'd be surprised how they add up.

Also, if you're self-employed -- you can take an IRA or a SEP IRA and get a write off on that.

I'm having so much fun learning the NEW tax laws. And they're subject to change as the season goes along. I just LOVE the IRS >:(

Hugs BD
Title: Re: tax time
Post by Kevin_M on Feb 1st, 2006, 9:56am

on 01/31/06 at 20:47:25, stevegeebe wrote:
With the exception of the waiving of the 10% penality for early withdrawal from the 401K for hurricane-related expences, nothing there for us.



This is a good point to remember if ever needed because you can withdraw from retirement accounts for a down payment on a home if you are a first time buyer, medical emergencies or a financial emergency created by the loss of a job and the 10% penalty is waived.
Title: Re: tax time
Post by imnotbub on Feb 1st, 2006, 10:14am
I always have to pay. I hate tax time.
Title: Re: tax time
Post by Melissa on Feb 1st, 2006, 12:20pm
%%$@&^$^)*#(&@*^(*&%!!!!!!!!!!!!!!!!!!!!!!

After getting knocked offline 5 times, I am done with my Federal.  Now comes the shortchanged State return!

I always freaking hate this time of year!!! :P :P :P :P :P
Title: Re: tax time
Post by totka2 on Feb 1st, 2006, 1:04pm
F I T T






(Fucking International Tax Time)


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