Texas Fishing Forum

Let's talk taxes.

Posted By: Moto-Moto

Let's talk taxes. - 04/17/17 11:18 PM

Did you owe or get a refund?

I had to pay $365 today. frown
Posted By: Trickster

Re: Let's talk taxes. - 04/17/17 11:26 PM

Wrote a check for about 10 times that much. Sucks
Posted By: Bee'z

Re: Let's talk taxes. - 04/17/17 11:26 PM

We find out tomorrow. It is going to suck bang
Posted By: Metal Man

Re: Let's talk taxes. - 04/17/17 11:28 PM

cousin with 4 different baby daddies got back 10g's
Posted By: Team Skeeterless

Re: Let's talk taxes. - 04/17/17 11:30 PM

I got paid course that meant gov't had use of it all this time and didn't do anything worth a flip with it.
Posted By: Scagnetti

Re: Let's talk taxes. - 04/17/17 11:38 PM

We don’t pay taxes. Only the little people pay taxes.
Posted By: bloo_rainger

Re: Let's talk taxes. - 04/17/17 11:38 PM

Got back a little.
Posted By: Trunkful

Re: Let's talk taxes. - 04/17/17 11:40 PM

Originally Posted By: bloo_rainger
Got back a little.
Posted By: BassFever

Re: Let's talk taxes. - 04/17/17 11:59 PM

Back about $3400
Posted By: Ghost4BH

Re: Let's talk taxes. - 04/18/17 12:00 AM

Refund .......DaHell is that? roflmao

Filed an extension
Posted By: Okie Poke

Re: Let's talk taxes. - 04/18/17 12:02 AM

Getting back $4,400. Main reason is two kids in college. Ain't no comparison in what we pay in, though. Off to work I go........
Posted By: K.D.

Re: Let's talk taxes. - 04/18/17 12:05 AM

I'm about to write a 6k check. Putting it if off as long as I can
Posted By: 9094

Re: Let's talk taxes. - 04/18/17 12:17 AM

Paid a stupid amount as usual today.
Please Trump do something about the tax code.
Posted By: Lakhota

Re: Let's talk taxes. - 04/18/17 12:35 AM

Paid today a little less this year than last year however this is of course on top of all the taxes I paid through out the year.
Posted By: Davedave

Re: Let's talk taxes. - 04/18/17 12:36 AM

Let's not talk about taxes.
Posted By: Moto-Moto

Re: Let's talk taxes. - 04/18/17 12:37 AM

Originally Posted By: Davedave
Let's not talk about taxes.


Too late.
Posted By: KingwoodCat

Re: Let's talk taxes. - 04/18/17 12:39 AM

Originally Posted By: Moto-Moto
Did you owe or get a refund?

I had to pay $365 today. frown


Wrote a check to IRS for $5100+ last week.
Posted By: Fishspanker

Re: Let's talk taxes. - 04/18/17 12:41 AM

I think the check was $650. The main issue was the Godzilla like amount paid in prior to the check.
Posted By: Fishspanker

Re: Let's talk taxes. - 04/18/17 12:43 AM

Originally Posted By: Okie Poke
Getting back $4,400. Main reason is two kids in college. Ain't no comparison in what we pay in, though. Off to work I go........


They appreciate the free loan.

My ultimate target is for them to owe me $1 just so they have to go thru the hassle of depositing it in my account. Closest I ever came was the owed me $131.
Posted By: H.Town_paddler

Re: Let's talk taxes. - 04/18/17 12:48 AM

I got back $7100 this year. I usually about break even but I had some irregular deductions in 2016.
Posted By: Rob W.

Re: Let's talk taxes. - 04/18/17 01:03 AM

Originally Posted By: bloo_rainger
Got back a little.
Posted By: dallasdawg

Re: Let's talk taxes. - 04/18/17 01:06 AM

Got back $1000 this year. We flip flop between getting and paying depending on a few factors.
Posted By: 1ShotNoKills

Re: Let's talk taxes. - 04/18/17 01:09 AM

Paid north of $1k
Posted By: Duck_Hunter

Re: Let's talk taxes. - 04/18/17 01:11 AM

Got back a little. Need to do something about the tax code. Flat tax or fair tax and get rid of these deductions so I'm not giving an interest free loan every year.
Posted By: ReelBusy

Re: Let's talk taxes. - 04/18/17 01:18 AM

Wrote a check for a [censored] load more hammer de soap taz
Posted By: sdavis24

Re: Let's talk taxes. - 04/18/17 01:20 AM

Got back $200 from the feds, little more from the state
Posted By: Bee'z

Re: Let's talk taxes. - 04/18/17 01:23 AM

Originally Posted By: Hancock
Wrote a check for a [censored] load more hammer de soap taz


I am hoping to keep it under 17k this year for a change hung Really helps when you set it up right the first time lol.
Posted By: Tallgrass05

Re: Let's talk taxes. - 04/18/17 01:24 AM

Paid a little state, got a little back in federal, so broke even.
Posted By: THF_BigPig

Re: Let's talk taxes. - 04/18/17 01:30 AM

Got back $4,900, that quite a bit less than prior years, blame that on my sugar mama.
Posted By: ko bass attack 27

Re: Let's talk taxes. - 04/18/17 01:31 AM

I paid in about $6,000 more at the end of the year to go along with the 23,000 that I had previously paid through payroll deductions. Still feel blessed and equalled almost 18% of my annual income. Could be alot worse.
Posted By: Uncle Zeek

Re: Let's talk taxes. - 04/18/17 01:37 AM

Originally Posted By: Moto-Moto
Did you owe or get a refund?


Not really a meaningful question. The meaningful question is "What was your effective tax rate for 2016?"

Mine was zero, but only because I had a huge tax credit for all the tuition and fees I paid. Trust me, I'd rather have paid $2,000 in taxes than $22,000 in tuition.
Posted By: Alex K.

Re: Let's talk taxes. - 04/18/17 01:43 AM

Haven't had a refund in 5 years. Owe more this year than ever frown
Posted By: Moto-Moto

Re: Let's talk taxes. - 04/18/17 01:47 AM

Originally Posted By: Uncle Zeek
Originally Posted By: Moto-Moto
Did you owe or get a refund?


Not really a meaningful question. The meaningful question is "What was your effective tax rate for 2016?"

Mine was zero, but only because I had a huge tax credit for all the tuition and fees I paid. Trust me, I'd rather have paid $2,000 in taxes than $22,000 in tuition.



Everyone else seemed to understand what I was asking..... thumb
Posted By: Uncle Zeek

Re: Let's talk taxes. - 04/18/17 01:53 AM

Originally Posted By: Moto-Moto
Originally Posted By: Uncle Zeek
Originally Posted By: Moto-Moto
Did you owe or get a refund?


Not really a meaningful question. The meaningful question is "What was your effective tax rate for 2016?"

Mine was zero, but only because I had a huge tax credit for all the tuition and fees I paid. Trust me, I'd rather have paid $2,000 in taxes than $22,000 in tuition.



Everyone else seemed to understand what I was asking..... thumb


Oh, I know, but that's the trap that the IRS wants everyone to fall into. "How much of a refund did you get?" as opposed to "How much did you end up paying in taxes?"
Posted By: ReelBusy

Re: Let's talk taxes. - 04/18/17 01:54 AM

Originally Posted By: 2 Bee'z
Originally Posted By: Hancock
Wrote a check for a [censored] load more hammer de soap taz


I am hoping to keep it under 17k this year for a change hung Really helps when you set it up right the first time lol.


Filing as a Sub S helps a bunch!
Posted By: Bee'z

Re: Let's talk taxes. - 04/18/17 01:56 AM

Originally Posted By: Hancock
Originally Posted By: 2 Bee'z
Originally Posted By: Hancock
Wrote a check for a [censored] load more hammer de soap taz


I am hoping to keep it under 17k this year for a change hung Really helps when you set it up right the first time lol.


Filing as a Sub S helps a bunch!


If the previous 2 accountants would have told me this back in 2013 I would be in a much better spot right now. Live and learn and just make it happen cheers
Posted By: NDN98

Re: Let's talk taxes. - 04/18/17 02:52 AM

Got back $52. Usually go back and for the between paying and owing.
Posted By: grandpa75672

Re: Let's talk taxes. - 04/18/17 04:10 AM

I quit filing four years ago.
Posted By: DavidWhatley

Re: Let's talk taxes. - 04/18/17 04:20 AM

Several years ago a good friend was crying as he wrote a check for 472,000. That was on top of what he had paid quarterly. Life's a B when you make that kind of money.
Posted By: UGLYSHCTICK

Re: Let's talk taxes. - 04/18/17 10:28 AM

If it wasn't for Ag. I'd be paying. Got some back. Not near what I had to put in though.
Posted By: John175☮

Re: Let's talk taxes. - 04/18/17 11:02 AM

I paid too much for the services rendered. I get back $6k from the feds and about $200 from the State of New York for the days I worked in their state.
Posted By: Billy Blazer 300 HPDI

Re: Let's talk taxes. - 04/18/17 11:21 AM

Wrote a big check
Posted By: Jpurdue

Re: Let's talk taxes. - 04/18/17 11:24 AM

Originally Posted By: Uncle Zeek
Originally Posted By: Moto-Moto
Did you owe or get a refund?


Not really a meaningful question. The meaningful question is "What was your effective tax rate for 2016?"

Mine was zero, but only because I had a huge tax credit for all the tuition and fees I paid. Trust me, I'd rather have paid $2,000 in taxes than $22,000 in tuition.



This is exactly correct. I got back just shy of $10K this year. That doesn't make me feel any better about the amount I paid them over the course of the year which was many times that $10K.
Posted By: cocodrie

Re: Let's talk taxes. - 04/18/17 12:39 PM

Originally Posted By: Jpurdue
Originally Posted By: Uncle Zeek
Originally Posted By: Moto-Moto
Did you owe or get a refund?


Not really a meaningful question. The meaningful question is "What was your effective tax rate for 2016?"

Mine was zero, but only because I had a huge tax credit for all the tuition and fees I paid. Trust me, I'd rather have paid $2,000 in taxes than $22,000 in tuition.



This is exactly correct. I got back just shy of $10K this year. That doesn't make me feel any better about the amount I paid them over the course of the year which was many times that $10K.
Yup. I paid an enormous amount in taxes, got a refund on some stuff, but doesn't mean I'm happy about it.
Posted By: Bass_Bustin_Texan

Re: Let's talk taxes. - 04/18/17 12:49 PM

Work the system, don't let it work you.
Posted By: redchevy

Re: Let's talk taxes. - 04/18/17 12:49 PM

We got ours back a month or so ago. I think it was 5-6K. They tell me every year to have less withheld, but I like the refund. How much of that 5-6k would be left if you had it in your hot little hand to spend? I'm betting not much for most people.
Posted By: RATZ

Re: Let's talk taxes. - 04/18/17 12:50 PM

we are getting back a good amount, but it could take another 6-8 weeks. Someone hacked my wife's works HR dept and got every ones SS. So when we tried to file electrically it was rejected cause someone had already filed under my wife's ss number.
Posted By: Bass_Bustin_Texan

Re: Let's talk taxes. - 04/18/17 12:51 PM

Originally Posted By: RATZ
we are getting back a good amount, but it could take another 6-8 weeks. Someone hacked my wife's works HR dept and got every ones SS. So when we tried to file electrically it was rejected cause someone had already filed under my wife's ss number.


Did they get a check too? Did they get caught?
Posted By: RATZ

Re: Let's talk taxes. - 04/18/17 12:58 PM

Originally Posted By: Bass_Bustin_Texan
Originally Posted By: RATZ
we are getting back a good amount, but it could take another 6-8 weeks. Someone hacked my wife's works HR dept and got every ones SS. So when we tried to file electrically it was rejected cause someone had already filed under my wife's ss number.


Did they get a check too? Did they get caught?


don't know just know we had to fill out an affidavit with proof of who my wife was. Had to send in copies of wife's DL, passport, and SS card
Posted By: Bass_Bustin_Texan

Re: Let's talk taxes. - 04/18/17 01:00 PM

I'm real curious to know how often that is done...check written and cashed.

I had my credit card # stolen and used in Tampa to pay a water bill ($250). They knew who did it...cause they tracked my "payment". I asked if they would go after that person...they said NO.

BTW it happens daily they said. I wonder if that happens with taxes too. I bet so.
Posted By: Bass_Bustin_Texan

Re: Let's talk taxes. - 04/18/17 01:03 PM

And if it's done to taxes, that means we as tax payers are paying for the "loss" to the budget.
Posted By: RATZ

Re: Let's talk taxes. - 04/18/17 01:13 PM

They also got to my bank accounts. I had to run to tyler during the OT Tourney to put some cash in the bank due to someone using our account online. Was a real pain in the A. Her company has now paid for a years worth of credit protection with experian.
Posted By: RedRanger

Re: Let's talk taxes. - 04/18/17 01:14 PM

Originally Posted By: Bass_Bustin_Texan
BTW it happens daily they said. I wonder if that happens with taxes too. I bet so.


Yes, Idenity theft and taxes are usually overlooked by the IRS if it is an illegal alien. US citizen they go after, not so much for an illegal.

http://www.breitbart.com/big-government/...illegal-aliens/
Posted By: Bass_Bustin_Texan

Re: Let's talk taxes. - 04/18/17 01:16 PM

Originally Posted By: RATZ
They also got to my bank accounts. I had to run to tyler during the OT Tourney to put some cash in the bank due to someone using our account online. Was a real pain in the A. Her company has now paid for a years worth of credit protection with experian.


They should have enough info to know who did that. Crazy world we live in.
Posted By: Fishin' Nut

Re: Let's talk taxes. - 04/18/17 01:17 PM

Paid the state of Alabama $255 on Friday.
Posted By: MrRoachie

Re: Let's talk taxes. - 04/18/17 01:28 PM

We get a check for 6K+.

Renting the shop and the new welder were big deductions.

Plus the large charitable contributions.

Or the fact we changed CPA'S and are now using a retired 2 star General.
Posted By: 1ShotNoKills

Re: Let's talk taxes. - 04/18/17 01:40 PM

Originally Posted By: MrRoachie
We get a check for 6K+.

Renting the shop and the new welder were big deductions.

Plus the large charitable contributions.

Or the fact we changed CPA'S and are now using a retired 2 star General.


Can I borrow a grand?
Posted By: Gitter Done

Re: Let's talk taxes. - 04/18/17 01:41 PM

frkazoid
Posted By: Nocona Brian

Re: Let's talk taxes. - 04/18/17 01:46 PM

Originally Posted By: Jpurdue
Originally Posted By: Uncle Zeek
Originally Posted By: Moto-Moto
Did you owe or get a refund?


Not really a meaningful question. The meaningful question is "What was your effective tax rate for 2016?"

Mine was zero, but only because I had a huge tax credit for all the tuition and fees I paid. Trust me, I'd rather have paid $2,000 in taxes than $22,000 in tuition.



This is exactly correct. I got back just shy of $10K this year. That doesn't make me feel any better about the amount I paid them over the course of the year which was many times that $10K.


That's us, and we're still no better off than before.
Posted By: DI

Re: Let's talk taxes. - 04/18/17 02:48 PM

Originally Posted By: K.D.
I'm about to write a 6k check. Putting it if off as long as I can


Did that 4-7, they cashed it 4-10, they needed that money.
Posted By: TBS

Re: Let's talk taxes. - 04/18/17 03:07 PM

I have only had to pay once before, and it was just a few hundred many many years ago.
They got me this year....looks like they will get $3k +/- from me.....and I am not happy.
That's what inheritance will do for you.
Posted By: Jamoke

Re: Let's talk taxes. - 04/18/17 03:11 PM

Originally Posted By: Billy Blazer 300 HPDI
Wrote a big check

Posted By: Emit R Detsaw

Re: Let's talk taxes. - 04/18/17 03:16 PM

They do need to fix the tax code/laws. They withhold from my military retirement check just to give it all back to me without interest. Used to be they didn't do a withholding from it, but that changed many years back.
Posted By: fouzman

Re: Let's talk taxes. - 04/18/17 03:21 PM

Blows me away that people talk personal finances (with numbers) on a public forum.
Posted By: joebass2

Re: Let's talk taxes. - 04/18/17 05:01 PM

Originally Posted By: fouzman
Blows me away that people talk personal finances (with numbers) on a public forum.


Agree, and manage to change a tax thread into 'Look what I make'
Posted By: Stump jumper

Re: Let's talk taxes. - 04/18/17 05:28 PM

Originally Posted By: Moto-Moto
Did you owe or get a refund?

I had to pay $365 today. frown
paid $401. Glad I did not make same mistake as last year. I forgot to hit the submit return button. Glad I was getting a small refund. You can file late with no big deal as long as you are getting a refund. I was 6 weeks late and not a peep out of Uncle Sam.
Posted By: Brian Spagnola

Re: Let's talk taxes. - 04/18/17 05:32 PM

Originally Posted By: JayC41
Refund .......DaHell is that? roflmao

Filed an extension


That's what I did.
Posted By: lconn4

Re: Let's talk taxes. - 04/18/17 05:37 PM

Originally Posted By: grandpa75672
I quit filing four years ago.


I just started about that same time.
Posted By: scott01

Re: Let's talk taxes. - 04/18/17 05:56 PM

Originally Posted By: fouzman
Blows me away that people talk personal finances (with numbers) on a public forum.


That's exactly what I was thinking too.
Posted By: Bass_Bustin_Texan

Re: Let's talk taxes. - 04/18/17 06:18 PM

Originally Posted By: scott01
Originally Posted By: fouzman
Blows me away that people talk personal finances (with numbers) on a public forum.


That's exactly what I was thinking too.


Not to mention this has been posted about a month ago. I wonder if the same people replied to this one too?
Posted By: AdanV

Re: Let's talk taxes. - 04/18/17 06:25 PM

Filed in early March, received back $1500, which is less than what I got last year, which is less than I got the year before, and the year before, etc...
Posted By: Scagnetti

Re: Let's talk taxes. - 04/18/17 06:30 PM

Originally Posted By: joebass2
Originally Posted By: fouzman
Blows me away that people talk personal finances (with numbers) on a public forum.
Agree, and manage to change a tax thread into 'Look what I make'

Yup, some people can't pass an opportunity for a "look at me" post. cool
Posted By: redchevy

Re: Let's talk taxes. - 04/18/17 06:32 PM

Originally Posted By: fouzman
Blows me away that people talk personal finances (with numbers) on a public forum.


Its not like they included their address dna sample ss# bank account and routing number and a free custom tailored fake ID to complete the deal.
Posted By: Urban Fisher

Re: Let's talk taxes. - 04/18/17 06:36 PM

Originally Posted By: fouzman
Blows me away that people talk personal finances (with numbers) on a public forum.


Crazy right? I had to pay $6.4 million on the $26 million I made pimping last year. Good thing since the illegal drugs I sell are well illegal, I don't report my income from those sales. This year I'm going to employ illegal girls to help avoid even more taxes.
Posted By: fouzman

Re: Let's talk taxes. - 04/18/17 06:40 PM

roflmao thumb
Posted By: thrashfish

Re: Let's talk taxes. - 04/18/17 06:45 PM

No I don't want to talk taxes, but we did get back enough for one tank of gas in the car.
Posted By: DI

Re: Let's talk taxes. - 04/18/17 07:46 PM

Originally Posted By: Scagnetti
Originally Posted By: joebass2
Originally Posted By: fouzman
Blows me away that people talk personal finances (with numbers) on a public forum.
Agree, and manage to change a tax thread into 'Look what I make'

Yup, some people can't pass an opportunity for a "look at me" post. cool



I didn't see a post that reflects any of these comments? ? ?
Posted By: Jpurdue

Re: Let's talk taxes. - 04/18/17 08:13 PM

Originally Posted By: Urban Fisher
Originally Posted By: fouzman
Blows me away that people talk personal finances (with numbers) on a public forum.


Crazy right? I had to pay $6.4 million on the $26 million I made pimping last year. Good thing since the illegal drugs I sell are well illegal, I don't report my income from those sales. This year I'm going to employ illegal girls to help avoid even more taxes.


Like my High School economics professor used to say, "The wages of sin, usually go unreported."
Posted By: Moto-Moto

Re: Let's talk taxes. - 04/18/17 08:58 PM

Originally Posted By: fouzman
Blows me away that people talk personal finances (with numbers) on a public forum.


It's not a big deal really.....unless you make it one.
Posted By: junk baits

Re: Let's talk taxes. - 04/18/17 09:31 PM

More taxes paid = more money made, last I checked. My goal is to make 7 zero's and pay lots of taxes and is better than the alternative.
Posted By: Moto-Moto

Re: Let's talk taxes. - 04/18/17 10:16 PM

Originally Posted By: junk baits
More taxes paid = more money made, last I checked. My goal is to make 7 zero's and pay lots of taxes and is better than the alternative.


I.like your style sir.
Posted By: 9094

Re: Let's talk taxes. - 04/19/17 01:15 AM

If I get a refund my CPA is fired.
IRS don't pay any interest on my money.
Posted By: joebass2

Re: Let's talk taxes. - 04/19/17 04:32 PM

Originally Posted By: 9094
If I get a refund my CPA is fired.
IRS don't pay any interest on my money.


Neither does the bank. Back in the day when a person could get a 5-10% CD, it was really important to 'break even' at the end of the year. Now not so much.
Posted By: Roller22

Re: Let's talk taxes. - 04/19/17 05:28 PM

Originally Posted By: junk baits
More taxes paid = more money made, last I checked. My goal is to make 7 zero's and pay lots of taxes and is better than the alternative.

3 years ago made too much and paid almost 5 figures. 2 years ago just a grand, and this year $500.

I like it better when I pay because it means I made more that year.
© 2024 Texas Fishing Forum