Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (18) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: telegraph Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19221  
Subject: Re: Annual Income Taxes Done Date: 3/31/2013 1:41 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
"I am thinking evil thoughts about the lot of you. Already got your return? Did it all on TurboTax? Paid no tax at all? A pox on all of you.

We came back from the accountant on Friday, weeping bitterly. She sez we owe the Feds about $9K. We must make a lot of money, because we pay a lot of tax. Somehow I don't see the "make a lot of money" part. My wife's small business, my RMD, etc all adds up, I suppose."



I did my taxes with H&R Tax Cut. Took about 3-4 hours. I had all the necessary paperwork in a folder. Wasn't missing anything. At least I think so.

I have to pay estimated taxes. Paid about 6% too much, so I get some back. Hard to guesstimate since you don't know what your funds will spin off, or if one or two raise dividends during the year.

Sounds like you should have been keeping up on estimates during the year. The IRS hates it when you 'owe' a lot at the end of the year, unless you had some big cap gains happening...or took your RMD at the end of the year - but then you should have sent in money in Jan.

Two weeks left for the procrastinators to get in gear and get done.



t.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (18) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Post of the Day:
Value Hounds

Medallion Financial: TAXI!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement