Taxes, whats going down with all of you?

i have yet to file.... i have all my W-2's or w/e but i dont feel like payin a guy 100 bucks to file them when im prolly only going to get back 200.... any suggestions? any site online that can walk me thru doing it?
 
turbo tax is the bomb. do the E return too, i got my return super fast.

then i bought skis :) stimulate that economy yeah!
 
have not filed yet this year but i probably wont get back a whole lot. i usually get about 400 to 600 back (combined).

next year will be my big year. im building a house so i get all kinds of tax credits, so next year will be very interesting. but the only reason you get more money back is either you put too much in to begin with or you hardly pay any taxes what-so-ever and you can tack advantage of all the millions of tax credits and deductions that our government so lovingly gives out which is greater than your original tax payments, thus more money back for you!
 
I'm an accountant - I can help you out with your taxes if you want to send me copies of your stuff. Consider it a goddwill gesture for a fellow NSer.

and to the OP - I got 3k back this year....not the greatest and not the worst.
 
tax time = most stressful time of the year.

Seriously, how do they expect us to know how to do them? Really, I am foreigner and I couldnt understand shit. Well, its not like im an expert at my country's either. Someone had to explain it to me line by line. And im only getting like 400 and I have tvo pay the vstate 100....its fucking awesome. I hate paperwork.

 
all of you who are getting back a giant return.. you do realize that you basically just gave the government a loan with a 0% ROI? poor game. the smaller return, the better.
 
true.

unless you dont pay hardly anything in and get the maximum credits and deductions out; then you make alot more money. but for the average person they probably pay in to much money. when you start getting into tax credits and deductions is where it gets interesting.

ask the kid a couple posts up, he said he is an accountant, he will know more, haha.
 
this is true. unfortunately, roi on a 1k or 2k investment isn't really a lot in a year. for a lot of people with out a lot of disposable income, the safety aspect of having a little more taken out of a check throughout the year is much more appealing. Also, many people have changes in their life that qualify them for different credits, etc. that they didn't qualify for at the beginning of the year when they filled out their w4. Most people don't realize the tax ramifications of some of these changes and don't change their withholding status for each possible fluctuation in agi.

so while your statement is correct, it looks much better on paper than it does in practice.
 
yo thats what I thought but I e-filed with turbotax and it was the easiiesssttt thing ever. Like animated icons and everything. Direct deposit right into my bank account fast too. I'm tellin you, rock turbotax. I got free state and federal as well.
 
on another financial note...how bout dem FUCKIN stocks

i lost 20 g last time i checked on my college fund that my grandparents set up for me :(
 
i just started studying for my CPA, so i'm not completely unread on the subject. but for the average person, they pay in too much, and then get the same amount back. instead of having it withheld from their check, they could have taken the money that would have been withheld, put it into an account, and saved all year. when it comes time to file, you pay exactly what you need to, and you scrape off the extra 2 or 3% on top of the money you would have gotten back instead of just receiving the straight refund. it may not seem like much, but if it happens every year for your entire life, and you keep adding into your savings anyway, that little bit extra goes a really long distance. just my two cents, agree or disagree, doesnt matter to me.
 
i agree with your basic philosophy but the more tax classes/ income tax classes you take you will realize how hard it is to try to account for everything that will happen throughout the year or to try to nail down that extra 2 or 3 %. especially with the laws changing every tax year its hard for the everyday person to try to account for all of it. haha

but i agree with you; either way is fine, different people have different ideas.
 
i havent looked at my ira since last september or so. but im willing to guess its worth about half what it was.
 
yeah i have one-two semesters left, and its all filler credits so im gonna try to study now and bang it out as soon as i graduate. probably a bad idea, but i think i can manage
 
no man, that's actually a great idea. It's so much easier to study for that thing when you haven't worked 8-10 hours that day. What review program are you using? Becker? Gleim?
 
mm..I don't think it works for nonresidents..now does it? daaaamn it..why nobody tells me these things. if it does work i dont wanna know now. until next year.
 
im 23 too man im not trying to call you out on being to young haha shit if i felt that right about a girl right now i would be doing the same thing, no reason to wait.
 
much appreciated, i get that from more people than i expect. i think its a personality thing, and the way i was brought up. and im not too stupid to ignore a good thing (the best thing ill ever get haha).

word, 10/10
 
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