Tax day is over (phew!). where is your return going?

[ngh]

I must be doing something wrong. I don't get to pretend I get free money. Instead they send me a bill, that they want paid with real money.

well my friend you should pay your taxes more better

 

[lowfreq33]

All my gigs are 1099'd, so the best I can hope for is to not owe anything. I know the right way is to make quarterly estimated payments... But I'm just not that organized.

 

[zachoff]

I paid.

 

[hdracer]

WHAT IS A RETURN?

+1

well my friend you should pay your taxes more better

I pay quarterly. It's called being self employed.

 

[Spawndn72]

My federal return just covered my county property taxes

 

[Scott1]

I had an emergency hand pump installed on my well.

 

[rtslinger]

A Puppy! Maltese from a top breeder

 

[Lee H]

+1



I pay quarterly. It's called being self employed.

Not me... I want that money in the bank making me every single penny of interest it can, until the very last moment. The difference may only be worth a few bags of coffee beans, but it is my money, and I want it working for me as long as it can.

 

[ProgRocker]

If I get one, it'll go towards paying bills / expenses.

 

[thunderbird66]

Return? What return?

 

[sandmangeck]

A little under 9 grand.

The wife and I paid off all CC debt, and are saving for a house.

 

[mikeswals]

To pay for my wife's eye lazik she did in Feb.
Although I did get to order a couple new packs of strings and some new straps yesterday.

 

[hdracer]

Not me... I want that money in the bank making me every single penny of interest it can, until the very last moment. The difference may only be worth a few bags of coffee beans, but it is my money, and I want it working for me as long as it can.

Being a "legitimate" business that is incorporated you have to pay quarterly. I try and keep what I have to pay in at the end of the year to around $500-1000

I find it funny that people give the government a free loan and use it as a savings account. Even when I worked for other people I always set up my deductions so I had to pay in a few hundred dollars.

 

[TundraMan]

I considered selling a bass to pay the sizable bill presented by the IRS this year.

 

[pkstone]

I might just treat myself to a Line 6 G-30 wireless when that refund comes in.

 

[kevteop]

WHAT IS A RETURN?

Nobody in this thread knows.

[Invalid or Expired Link Removed])

It's a document you file with the Inland Revenue which details your taxable income and is used to calculate the tax you owe for the accounting period in question.

What this thread is discussing is a tax refund, but there are threads like this every year and every single time it seems everybody thinks they're receiving a 'tax return'.

So thank you for your question and hopefully some other people have also read the answer.

 

[JordyLegend]

Pot.

 

[MatticusMania]

Pay off some debt.

 

[Lee H]

Being a "legitimate" business that is incorporated you have to pay quarterly. I try and keep what I have to pay in at the end of the year to around $500-1000

you pay an ESTIMATED amount quarterly, if you believe you are going to owe over $1,000. Estimate can be a big word, and it allows a good accountant a lot of "wiggle room".
I don't know all the ins and outs of the IRS, but I have learned that a sneaky/good accountant is like a sneaky/good lawyer. They are the ones you want working for you.

 

[ngh]

Nobody in this thread knows.

[Invalid or Expired Link Removed])

It's a document you file with the Inland Revenue which details your taxable income and is used to calculate the tax you owe for the accounting period in question.

What this thread is discussing is a tax refund, but there are threads like this every year and every single time it seems everybody thinks they're receiving a 'tax return'.

So thank you for your question and hopefully some other people have also read the answer.

semantics