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April 16 Taxes Due

Discussion in 'Random Ramblings' started by Nyboy, Apr 14, 2018.

  1. Apr 14, 2018
    Nyboy

    Nyboy Garden Master

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    Mt accountant just left with several checks :hit:hit:hit:hit:hit:hit:hit. I wonder how much of my money will go for programs I don't believe in. How many programs i do believe in had funding cut. We are taxed twice on our money, when we make it income tax when we spend it sales tax. :barnie:he
     
    Collector and baymule like this.
  2. Apr 15, 2018
    Zeedman

    Zeedman Deeply Rooted

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    Federal taxes are due on the 17th of April this year... which lets me procrastinate for two extra days. Taxes are a necessary evil that I put off as long as possible. :he
     
  3. Apr 15, 2018
    thistlebloom

    thistlebloom Garden Master

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    This is the latest we've ever been. My CPA is supposedly finishing them up by tomorrow so we can write a check and get them off.
    We usually put it off, but never to the last possible second. Makes me a little nervous...
     
  4. Apr 15, 2018
    Nyboy

    Nyboy Garden Master

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    I wait till last minute every year, I like to hold on to my money as long as possaable
     
  5. Apr 16, 2018
    digitS'

    digitS' Garden Master

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    The last time I waited until the last minute ... ... I forgot to sign the forms. They were sent back for our signatures.

    It cost me $100, if I remember right.

    That was awhile ago. In recent years, I complete them as early as I can, usually by 1 February. Gets the whole thing off my back. It's also not as tho I have more money as the winter wears on ...

    Steve
     
    Nyboy likes this.
  6. Apr 16, 2018
    flowerbug

    flowerbug Garden Addicted

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    i do ours as early as possible because of a property tax credit/refund which cuts them by about 1/3rd. neither of us makes enough to make filing mandatory, but i have to run all the numbers for the property tax credit form. takes me a few hours because i have to triple check everything i do, find the forms, print them out and read the changes. it actually works out ok because for the time put in we get hundreds back so i figure i'm getting paid about $100-150/hr. which is quite a bit different from my estimated $1-3/hr i make via gardening. can you guess which i'd rather do and enjoy more? :)
     
    digitS' likes this.
  7. Apr 16, 2018
    Carol Dee

    Carol Dee Garden Master

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    I prefer to get them done early. Usually get a small refund. Then the hassle is done, no stressful last minute rush looking for lost papers, etc...
     
  8. Apr 16, 2018
    baymule

    baymule Garden Master

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    I make copies of all my receipts because they fade. I place the copies in file folders, each page is totaled up. I make a cover sheet of each category with totals of expenses, sales, etc and take to the CPA. I like to get it done and over with.
     
    Carol Dee likes this.
  9. Apr 16, 2018
    murphysranch

    murphysranch Garden Addicted

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    I file an extension since I HATE all the paperwork. Did I say I HATE it?
     
  10. Apr 16, 2018
    Ridgerunner

    Ridgerunner Garden Master

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    I usually wait until mid to late March, mainly because Schwab often sends out corrections on my IRA which would mean filing an amendment. I prepay estimated taxes but since I'm on a fixed income with the same thing year in and year out I usually wind up either owing or getting back less than $50, State and Federal combined. Not enough to loose too much sleep over.
     

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