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Last one to file taxes wins thread

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

  1. Phoenix

    Phoenix Well-Known Member

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    Just filed...do I win? :D
  2. Bonecrusher#31

    Bonecrusher#31 Active Member

    1,842 Messages
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    Nope, I file tomorrow
  3. kmp77

    kmp77 Active Member

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    Im still getting mine ready :laugh2: :laugh2:
  4. notherbob

    notherbob Well-Known Member

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    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

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    And im not filing at all which means i guess i win....at least until the IRS puts me in prison.
  6. ChldsPlay

    ChldsPlay Well-Known Member

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    I filed, but haven't paid yet...does that count?
  7. Yeagermeister

    Yeagermeister Active Member

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    I lose.....I have filed mine and already have my refund
  8. big dog cowboy

    big dog cowboy THE BIG DOG Staff Member

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    Same. Refund was direct deposited almost two months ago.
  9. Sam I Am

    Sam I Am Unfriendly and Aloof!

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    Same. My taxes where filed the first day you could file.
  10. Joshmvii

    Joshmvii Cowboys baby!

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    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

    6,599 Messages
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    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!

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    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

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    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!

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    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

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    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

    6,599 Messages
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    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

    31,394 Messages
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    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

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    Noticed a mistake in my return this weekend, so now I have to file an amended return. :mad:
  19. LeonDixson

    LeonDixson Illegitimi non carborundum

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    Then you might win after all.:D
  20. VietCowboy

    VietCowboy Be Realistic. Demand the Impossible.

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    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.

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