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Federal Income Tax Returns…


railfancwb
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20 minutes ago, railfancwb said:

Who has finished and submitted your return?

If you have, did you get a refund?

Who expects to submit it by April 15?

Who has filed for automatic six month extension?

I’m in the “expects to submit” group. 

Just got mine sent on Friday, small refund.

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CPA just finished ours.  We have always owed for the past 10 years.   This year, we owe a sh*tload.  We are limited partners in several apartment complexes and 2 or maybe 3 sold in 2022.  The govt. always wants more of what you earn.  Property taxes, School taxes, Federal Income tax, fuel tax, sales tax, etc.  I personally think we need another Boston Tea Party revolt in this now Banana Republic.

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2 minutes ago, tous said:

Instead of chucking tea into the harbor, I suggest that we hurl politicians this time.

 

I vote for that.

I'll have mine done and submitted prior to 4/15, but we're going to owe a crap ton of $$$ this year (I always try to owe $100-500, I'm not into letting the gov't use my money without paying me interest for a year).  This year I'm an order of magnitude off.  I expected about half that due to reasons, but the other half is seriously NOT IN THE BUDGET.  Taxation is extortion and I'm getting real tired of it.  Like time for a tea party tired.  Go ahead and put me on another watch list.  See if I care, you jack-booted thugs!

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It appears that Hunter Biden and Al Sharpton need not fear prosecution if they don't pay their taxes.  :upeyes:

The space available in jails and prisons must be kept free for people that walk through the Capitol building with police escorts and, of course, the heinous terrorists that post anti-Hillary memes.

Mebbe Donald Trump or any other  person that dares to run for office against a hippie Marxist bought and paid for by communist China.

:shakehead:

 

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11 hours ago, LostinTexas said:

Taxes are done, filed and finished, usually in late February. I refuse to have that crap hanging around undone.

 

 

2 hours ago, deputy tom said:

My taxes were filed and refund received in early February. I don't like paying every year so I over pay a little just to avoid it. tom.

 

Same here.  Filed late January.  Got my refund a few weeks later.

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On 4/1/2023 at 8:49 PM, railfancwb said:

Who has finished and submitted your return?

If you have, did you get a refund?

Who expects to submit it by April 15?

Who has filed for automatic six month extension?

I’m in the “expects to submit” group. 

I sent my CPAs 95% of the crapton of stuff in early February.  Just sent the last 5% a week or two ago.  I usually have to file for an extension.  I expect to owe a lot as usual and as planned.

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If I owe, which I do this year, I file just before the deadline, so mine are filled out and will be submitted next week.

If Uncle Sugar owes me I file as soon as I have all the paperwork in hand.

my goal is to either owe or receive less than a thousand. Unfortunately I’m off by a bit this year due to an oversight on my part, so it’s going to pinch a bit.

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Got my state and Fed returns on the first time I pulled some money out of a 401K last year.

 

Dang....I know they don't tax the money you made way back then until you pull it out.  But I was kinda surprised how much they took out.  At least I got about half of it back.

 

 

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With all due respect, amigo, the 'tax-deferred' option on retirement accounts is a government scam designed to do just what you have found.

Consider, is it better to pay current taxes with current income, income being the operative word, or pay those same taxes and more later with no current income?

And based on how the federal government has been breaking their promises on IRA accounts,  I wouldn't trust them as far as I can chuck  a Texas longhorn through a basketball hoop that one day, they will simply declare, your retirement account -- ours.

So, convert retirement account to gold?

Yeah, right.

The Gold Reserve Act of 1934 (yes, it was FDR) made Americans owing gold illegal.  Citizens had to sell their gold at massively reduced value to -- the government.

It wasn't until 1974 that that act was repealed.  Thanks, Jerry Ford.

Do we think that the hippie Marxists won't do it again?

Seize privately owned gold to pay the national debt?

After they have taken our firearms, of course.

 

:599c64bfb50b0_wavey1:

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