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View Poll Results: Who has done their taxes so far, getting a refund or not | |||
NOT turned in my taxes yet, I am expecting a REFUND | 2 | 6.90% | |
Have NOT turned in my taxes yet, I am expecting to OWE money | 4 | 13.79% | |
Have turned in my taxes, I am expecting a REFUND | 16 | 55.17% | |
Have turned in my taxes, I am expecting to OWE money | 7 | 24.14% | |
Voters: 29. You may not vote on this poll |
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04-14-2008, 08:47 PM | #21 |
Board Pinhead
Join Date: Jan 2006
Location: In the basement of my house, Murray, Utah.
Posts: 15,941
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Exactly.
My best friend since junior high school is a CPA and has his own tax and accounting firm. I just shove everything into a box and take it to him to figure it out. He's a genius. (It also helps to have 4 kids).
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04-14-2008, 08:47 PM | #22 |
Charon
Join Date: Jan 2006
Location: In the heart of darkness (Provo)
Posts: 9,564
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Unresolved issues on a K-1. Accountant and attorney are too busy to deal with it now.
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04-14-2008, 08:48 PM | #23 |
Senior Member
Join Date: Jan 2006
Location: Utah
Posts: 5,741
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I usually do it because I dont want to pony up the 8k I owe.
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04-14-2008, 08:50 PM | #24 |
Senior Member
Join Date: Oct 2007
Location: Orange County, CA
Posts: 9,483
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You do realize that an extension is only an extension to file, not to pay? If you owe for 2005 and 2006, you will have to pay penalties.
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04-14-2008, 09:02 PM | #25 | |
Senior Member
Join Date: Jan 2006
Location: Utah
Posts: 5,741
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Quote:
I try to send in estimated tax payments quarterly.
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04-14-2008, 09:08 PM | #26 |
Senior Member
Join Date: Jan 2006
Posts: 5,084
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I was told there is less likely an audit of an extended return. I have no idea if the person is right.
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04-14-2008, 09:12 PM | #27 |
Senior Member
Join Date: Dec 2006
Location: Somewhere between NYC and Houston
Posts: 625
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I've had mine done since February (save NJ, which are done but need to be sent off tomorrow).
I am also on somebody's radar screen for an audit, probably. I would not be surprised. |
04-14-2008, 09:33 PM | #28 |
Board Pinhead
Join Date: Jan 2006
Location: In the basement of my house, Murray, Utah.
Posts: 15,941
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I have problems with a K-1 every year, though it's almost always waiting for an accountant to get it to me. I'd love to be able to fire the accountant who is responsible, but because it has nothing to do with me and everything to do with my wife and her family, there is nothing I can do.
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"The beauty of baseball is not having to explain it." - Chuck Shriver "This is now the joke that stupid people laugh at." - Christopher Hitchens on IQ jokes about GWB. |
04-14-2008, 10:10 PM | #29 |
Senior Member
Join Date: Jul 2006
Posts: 860
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This is consistent with what I have heard. I read that the IRS picks returns out as they come in and by the time they get to early April they have pretty much maxed-out the returns that they can handle in a year. So filing in the last week also decreases your chances. That said, if yours comes in with some big red flag deduction they are probably not going to ignore it -- plus the automated checks that they do (comparing w2's, 1099's, etc).
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04-16-2008, 10:30 PM | #30 |
Senior Member
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I did mine online last night when I got home from work.
I hate doing my taxes, and usually wait until the last minute. Oh well, I won't complain since I'm getting a decent chunk of change back.
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