Tax time
 

Does anyone feel like they are getting screwed this year? I keep trying to itemize and find everything we can use for deductions, and trying married filing joint, single, etc and just keep coming back with either having to pay in or getting a very small return. Last year we got a good bit back, what gives?

It is impossible for me (or anyone) to say without knowing the changes in your income, deductions, expemptions you claim, withholdings this year compared to last and other activity compared to last year. Obviously you would not want to post all of that on here outside of a pm.

compare the taxes withheld and deductions from this year to last year.. If they are they same then your return should be the same as well

I am going to compare last years to this year and see what the heck is happening thanks

First year I ever had to pay....not getting a penny back. Owed over 1,500 bucks....makes me sick like I didn't pay them bastards enough. They are nothing more than professional thugs.

thats why I wait till April 1st before I even think about doing taxes.....its like getting your azz hot waxed

Lol

sent from my Galaxy NOTE II

Same here, I wanted to go postal after filing this year.....

I got more back than ever this year without itemizing, Thank You Obama!


#inbeforeyougavethegovernmentaloan








































































J/K on the Obama part.

For real??? I always itemizing like a mother.......Thats why it takes me so long to do taxes....;)

AMEN!! And they should take away the Child Tax Credit for people that are on Government support also... Why should they get a $1000 tax credit if the Government is taking care of their children??

Not enough deductions, I would have needed about $2,200 more and I didn't have that in deductions, believe me my tax prepper has a long list of deductions to look at and knows how much you bend it before Uncle Sam takes a look at it. This is my last year going to her though, I can do short form myself or get my mom to do it.

Does anyone know what dollar amount or ratio triggers this red flag?

I made a mistake (an honest mistake:)) on my taxes one year and I am not a big baller by any means and they came after me. Long story short: fell from treestand, broke pelvis, owed $40k in medical bills due to no insurance at the time because I thought paying for health insurance was crazy for someone my age:help:. I was able to settle for $10k and never thought anything of it. This was in 2006 I believe. Everything going fine until 2010, I got a letter from IRS stating I owed $8k in back taxes and penalties:eek:. The reason was that the $30k was taxable and I didn't report it, didn't know to report it, after all I had just paid $10k outta pocket for being stupid in a treestand. When I got that letter, it was like someone shot my dog. Let me be the first to tell you that the IRS does not play games. There was nothing I could do to try and settle or get them to drop the penalties. Don't frick with the IRS!

That's f***** up!!!!!!!

we have a guy offshore who has been telling people you dont have to pay taxes on your labor:rotfl::rotfl::rotfl:
He made his company take little as possiable out of his check, a said he will turn in his w-2 and not pay any taxes

I popped a bag of popcorn and said!! Ill watch you beat the IRS!!

May not get him this year or next but they WILL get him. Its one thing to make an honest mistake but to do it intentionally that guy has some cojones or is just not right in the head.

For what I pay in taxes I should have several federal workers cutting my grass once a week

That was my first thoughts as well:rotfl: The IRS doesn't care about how a mistake happened, you are going to get penalized for it, because it is your fault. It is their job though and I respect them, but man it sure took the wind out my sails

any "forgiven" debt is taxable.
There is a corporate trend to forgive blue collar theft. The courts usually give a person probation, then they pay the company back 7 bucks a month for eternity.............BUT if you let it go, do not file charges, can prove they stole (usually get a confession for no charges) THEN you turn them over to the IRS..........yep stolen money is taxable.

Yep, I learned that the hard way. Goes for credit card debt, student loans, etc.

If you think this year is bad, wait until next year (2014). That's when the big Obamacare taxes kick in. You'll be taking home a lot less money, for some, as much as 20%. My biggest fear is the collapse of the economy. I used to laugh when I would hear people talking about a day when insurrection would take over this country. I'm not laughing any more. I'm collecting ammo.

Standard deduction has been treating us pretty well for a few years now. Kids make it good for taxes. Have kids in bunches and you should be okay!

It all depends on your income, once you hit a certain level there is no child tax credit or dependent care deduction. Many of my clients have almost no deductions and tremendous taxes. Some people pay seven figures in taxes (not me) to have the same rights and privlages as another guy that makes $6,000 per year, pays no income tax and receives a check from the governement for the earned income credit. It is far from a fair system.

Only allow people that have paid at least $1 in taxes (or file jointly with someone who does) to vote and the problem would quickly be fixed.

X2 ... Should be driving several f250's lol AT least

If this were the case we would not be in this situation....

Agreed but it will never happen. I will be surprised if we ever have another conservative President.

x2

X3

we just need to all switch to democrats, and have no more republicans. In name only. Then all the low information voters wont know what to do.

Yep, we may have another Republican but I doubt we ever have a true conservative. Our current POTUS is basically the 'messiah' to many people, and I can not understant it

I am not bashing anyone here, because some people truly need assistance, but I just can not understand how someone that receives nothing but gov't assistance to live on gets a REFUND:help:

Thanks for the help, I looked at my past W2s (all this is via TaxAct) and realize what the difference was and it was a simple error on my part that wasn't picked up. I am in a much better mood now, even though I know its not for long:work: