We did ours about a month ago, still waiting for the check(s)

Too bad it's already spent on bills...the 914 sure could use a cash infushion right about now

I do remember the few times we had to pay, I'd wait till the last minute to send off the check, I swear they always cleared the next day???

1) EFile, direct-deposit; the only way ...

2) some of my money will be headed your way for a set of front NRB's ...

3) certified mail. buys you maybe another day ...

Refund? Refund? What's a refund? I always have to send the tax bandits another cash infusion. I sent two checks yesterday (feds and locals) that would buy a nice 914-6. Well, its kinda like monopoly money here in the Great People's Republic of Taxachusetts.

I agree with Rich, I EFiled (as always) I had my return by the first week in Feb... it was gone soon after though...

I do mine in Feburary since we bought the house. The rebate allowed me to start freelancing.

The best way to get away with being late is to mail yours from a company that has it's own franking machine - you can set the date back to April 15th, frank it, and drop it in the mail. Because you are writing the postmark - you are all set.

I do not endorse this practice - caveat emptor - it is probably fraud. YMMV. DSMYB.

Fiid.

h&r block e-file in early february, direct-deposited.

~a

started mine about 2 hours ago. just finished.

the joys of being a poor student...

Had to pay today 2 checks.... local and Fed...

I plan on doing them after work tonight. I will owe (by my initial calculations) so they wont get my money until 11:59pm tonight. Take that Gub-Ment!

-Chris

I pay quarterly and every year, hope that I paid enough but NOOOOOOOO it's never enough so I pay & pay & pay. gawdamoneygrubinbasterds
For what I pay them I could have the finest 914 in all the land... in one year!

oh well, better luck next year, eh?

........b

Ya! last night! Efiled! Sent a BIIIIG! Check! My Wallet HURTS! Time to sell one of my toys. I need some traveling money!

Just got back from the post office- I had to pay so my check was written on the last day. DH

Oh I pay and pay every two weeks... Just lucky when some of that comes back to me!
So what is more important? new tires or a rennshifter??

Annual check to the Feds went out today, state refund should cover the postage.

First time I have paid taxes in 13 years.....BIG TIME....had to cash out some stuff to pay for house construction. Had to re-fi to pay the taxes.....

You guys think you have it bad, I work for the IRS, which means I get audited EVERY YEAR!

2 mortgages, 2 kids, head of household and a shity sales year = REFUND!!!!!!!!!!!

I'm getting back A LOT more than I expected! I guess the side benefit of getting laid off and not working half a year means that you don't much tax. I was worried and thought I might owe since I didn't have any withholding taken out of the unemployment benefits.




Make sure you know where the post box is where you can get the after hours post mark. One year, I waited and then they moved the location of the post office that accepted the last minute tax returns and I was screwed. I'm sure my return ended up being post marked on the 16th.

next year we'll get hit hard with capital gains....we just sold a house (closed yesterday) and made a nice little profit...too bad the wife will only give me a few grand of it to play with to put towards my workshop and the 914

Look it up in IRS Pub 17. I think you can sell your primary Residence and not pay tax on some ridiculous amount like half a mil of the profit.

rental prop., no 1031 exchange...we just wanted to cash out and pay off all of our bills (still have mortgage on our primary house...bummer)

I e-filed (for the first time, it worked great) early this year - end of Jan - as I had a large Fed refund (which was also a first but was juggling too many variables to prevent it).

I used TurboTax and was quite impressed. Although if our situation gets any more complex I will probably bite the bullet and start using a CPA. Obviously one tiny F*up can cost you -big time-.

Compared to our corporate and pension fund returns, the personal stuff is a walk in the park. Our tax system is 40 years overdue for a complete overhaul. I am not holding my breath, however.

(Since we are OT anyway, there is currently a fairly interesting thread on tax reform over on the Pelican OT board. Of late I have found the OT board to be more interesting than the 911 and 914 ones... )

I think it's $250k profit you are allowed to take tax free. you're allowed two primary residences I believe, so you shouldn't be hit with taxes.

EXTENSION....three legal size pads loaded with rental expenses. Wifes stock option cash out. That should help offset or tax consequence.
CCLINREFUND

Mike, check and see if you can have one property as your primary residence and your wife the other....(you can here) that way you won't have to pay capital gains on the rental that you just sold.

But how would you say the rental is your primary residence if presumably you were collecting rent on it and depreciating it as an expense?

Those questions are best answered by your accountant........mine says "It's not how much money you make, it's about how much you get to keep" He used to work for the IRS up here, so he knows his stuff.