1. Welcome to CowboysZone!  Join us!  Come on!  You know you want to!

Last one to file taxes wins thread

Discussion in 'Off-topic Zone' started by Phoenix, Apr 17, 2011.

  1. Phoenix

    Phoenix Well-Known Member

    5,895 Messages
    750 Likes Received
    Just filed...do I win? :D
  2. Bonecrusher#31

    Bonecrusher#31 Active Member

    1,823 Messages
    13 Likes Received
    Nope, I file tomorrow
  3. kmp77

    kmp77 Active Member

    5,945 Messages
    0 Likes Received
    Im still getting mine ready :laugh2: :laugh2:
  4. notherbob

    notherbob Active Member

    2,861 Messages
    11 Likes Received
    I filed Thursday. It always takes us a long time because we have to file the ranch partnership's return and our business stuff before we can do our personal stuff, anyway.
  5. Achilleslastand

    Achilleslastand Well-Known Member

    1,500 Messages
    286 Likes Received
    And im not filing at all which means i guess i win....at least until the IRS puts me in prison.
    :laugh2:
  6. ChldsPlay

    ChldsPlay Well-Known Member

    6,613 Messages
    611 Likes Received
    I filed, but haven't paid yet...does that count?
  7. Yeagermeister

    Yeagermeister Active Member

    47,576 Messages
    9 Likes Received
    I lose.....I have filed mine and already have my refund
  8. big dog cowboy

    big dog cowboy THE BIG DOG Staff Member

    53,267 Messages
    6,571 Likes Received
    Same. Refund was direct deposited almost two months ago.
  9. Sam I Am

    Sam I Am Unfriendly and Aloof!

    31,492 Messages
    332 Likes Received
    Same. My taxes where filed the first day you could file.
  10. Joshmvii

    Joshmvii Cowboys baby!

    2,661 Messages
    36 Likes Received
    If you owe money then paying at the latest possible time is the best use of your money so you do win. =)

    I have a tax professor that hasn't yet filed his taxes for tax year 2009, and the government owes him about an $8,000 refund from that year. I like to tell him he needs to go back and review the time value of money chapter from our accounting textbook. :laugh2:
  11. Phoenix

    Phoenix Well-Known Member

    5,895 Messages
    750 Likes Received

    That's why I waited till the bitter end to file, because I knew already I'd be owing... :(
  12. Sam I Am

    Sam I Am Unfriendly and Aloof!

    31,492 Messages
    332 Likes Received
    Get a good tax guy and he can set you up (calculate proper withholdings) where you never owe when you file. (I don't mean one that will cheat on your taxes)
  13. Eric_Boyer

    Eric_Boyer Well-Known Member

    4,791 Messages
    488 Likes Received
    a good tax guy should explain to you that with the nature of inflation, you want to owe the maximum amount that doesn't produce a penalty.
  14. Sam I Am

    Sam I Am Unfriendly and Aloof!

    31,492 Messages
    332 Likes Received
    I know exactly what you mean, but to most people; (people living check to check) that becomes a bad idea. The safest thing to do is pay what needs to be paid without owing or getting a refund each year.
  15. theogt

    theogt Surrealist Zone Supporter

    44,327 Messages
    1,780 Likes Received
    While inflation and time value of money make cost-free borrowing from the government attractive, I think most people would just rather not have the psychological impact having to come up with a large sum of cash immediately every spring to pay the tax man.
  16. Phoenix

    Phoenix Well-Known Member

    5,895 Messages
    750 Likes Received

    It's not that...it's that Life Events during the year meant that I knew what was waiting for me on Tax Day due to losing a house to foreclosure, new job, moving, company not withholding state tax, things like that...
  17. DFWJC

    DFWJC Well-Known Member Zone Supporter

    24,504 Messages
    2,913 Likes Received
    I always file the extension...so it will be many months for me.

    The estimated taxes paid are always close enough that I don't get penalized for waiting.

    Give us a much lower, but flat, income tax (12-13%) and get rid of the loopholes!
    You would get far less free-loaders on both ends of the tax scale and revenues would go up.

    The US has the most progressive tax code in the world--the low end rates and high end rate are radically different....yet some say they need to be even further apart (carzy, imo). Not enough people pay taxes on the low end (30% pay NO tax) so there is no ownership whatsoever in spending. Far too many on the highest end don't pay enough due to loopholes (not due to rates being too low).
  18. bbgun

    bbgun Benched

    27,868 Messages
    0 Likes Received
    Noticed a mistake in my return this weekend, so now I have to file an amended return. :mad:
  19. LeonDixson

    LeonDixson Illegitimi non carborundum

    9,816 Messages
    112 Likes Received
    Then you might win after all.:D
  20. VietCowboy

    VietCowboy Be Realistic. Demand the Impossible.

    2,918 Messages
    2 Likes Received
    I did it about 2-3 weeks ago, for myself and my parents. This is the first year I can't be claimed as a dependent, so my parents felt it on their taxes owed.

Share This Page