Back to Blogs FAQ Search Today's Posts Mark Forums Read

Go Back   Wise Bread Forums > Finance and Frugality Forum > Personal Finance
Personal Finance
Credit cards, investments, career, consumer affairs, retirement and general financial issues.

Reply
 
Thread Tools Display Modes
Old 02-05-2008, 05:49 PM   #1
Wise Bread Blogger
 
Xin Lu's Avatar
 
Join Date: Jan 2008
Posts: 238
Reputation: Xin Lu is on a distinguished road (40)
Default Have you filed your taxes yet?

We're in the midst of tax season now. All W-2s and 1099s should have been sent out. Have you started filing your taxes yet? Who is already done? Are you a procrastinator like me?
__________________
Blogs I Write:
The Baglady @ http://baglady.dreamhosters.com
Wise Bread @ http://wisebread.com/xin-lu
Xin Lu is offline   Reply With Quote
We share ad revenue with members. Learn more.
 
Old 02-05-2008, 05:58 PM   #2
Senior Member
 
72Tiger's Avatar
 
Join Date: Jan 2008
Location: Knoxville, TN
Posts: 296
Reputation: 72Tiger is on a distinguished road (38)
Default

I have made it a tradition to do mine on Groundhogs Day. This year I am getting back $56, so I will go ahead and file. When I owe, I wait until the last minute to send the payment in.

(getting money back means we won't be seeing 8 more weeks of winter!)
72Tiger is online now   Reply With Quote
Old 02-05-2008, 06:24 PM   #3
Senior Member
 
rstlne's Avatar
 
Join Date: Jan 2008
Location: New Jersey
Posts: 364
Reputation: rstlne will become famous soon enoughrstlne will become famous soon enough (115)
Default

Not yet. According to Ameritrade, my account "holds a position(s) with a high likelihood of a dividend reclassification." The upshot is I won't get a 1099 from them until late February and even then, I may still get 1099 corrections until late March.

However, it won't do me any good to file early anyway. Based on the info I have, I'll owe more than $5K so I might as well pay later and collect a bit of interest on cash I've set aside for taxes.
rstlne is offline   Reply With Quote
Old 02-05-2008, 06:30 PM   #4
Senior Member
 
hermione's Avatar
 
Join Date: Jan 2008
Location: California
Posts: 404
Reputation: hermione will become famous soon enoughhermione will become famous soon enough (126)
Default

Every year I am determined not to procrastinate till the last minute, but I always end up mailing my return and payment on the 14th or 15th of April. I've started assembling the forms and instructions I'll be needing (ordered them from IRS and just received them in the last few days). I still have to calculate all my business expenses and contact my utility companies for my 2007 account summaries (good thing you posted this thread because it just reminded me I needed to do that ).
__________________
My blog: Pecuniarities ~ Creative frugal living and personal finance
My CafePress Store: Mozartini | Follow me on Twitter!
hermione is offline   Reply With Quote
Old 02-05-2008, 07:27 PM   #5
Senior Member
 
Join Date: Jan 2008
Location: Philadelphia
Posts: 135
Reputation: jkuo13 is on a distinguished road (35)
Default

I'm still waiting to get my copy of TurboTax before starting my taxes.

I usually file as early as I have free time. Usually I'm done by the end of February, assuming I haven't had a ton of deadlines to meet for work.
__________________
JohnnyKuo.net || Zenfulness
jkuo13 is offline   Reply With Quote
Old 02-05-2008, 08:11 PM   #6
Wise Bread Blogger
 
Xin Lu's Avatar
 
Join Date: Jan 2008
Posts: 238
Reputation: Xin Lu is on a distinguished road (40)
Default

I think I will definitely start this weekend. I am pretty excited since it's the first time I will be filing taxes with the hubby!! Then again, we might have a bigger tax bill so that's not so exciting.
__________________
Blogs I Write:
The Baglady @ http://baglady.dreamhosters.com
Wise Bread @ http://wisebread.com/xin-lu
Xin Lu is offline   Reply With Quote
Old 02-05-2008, 09:00 PM   #7
Junior Member
 
Join Date: Feb 2008
Posts: 3
Reputation: td076923 is on a distinguished road (10)
Default

Yeah, I've calculated my taxes but will sit on it until April. I owe $ :-(. I guess the universe is conspiring to strip me off my earnings. Ok, its time for ice-cream.
td076923 is offline   Reply With Quote
Old 02-06-2008, 03:03 AM   #8
Member
 
Join Date: Jan 2008
Posts: 96
Reputation: Rebecca is on a distinguished road (32)
Default

I filed mine about 2 weeks ago (after I came home one saturday night from a REALLY bad date - I knew I was getting some $ back so I thought it would make me feel a little better at least). I got my refund in less than the 10 days.

Question: This year I received 1,000 back. I don't ever recall getting this big of a return. Should I adjust my withholdings? I did the calculater on the IRS site, and if I do I'd end up probably owing $300 next year. But that would be better, right?
Rebecca is offline   Reply With Quote
Old 02-06-2008, 05:13 AM   #9
Senior Member
 
Join Date: Dec 2007
Posts: 308
Reputation: Megan will become famous soon enough (63)
Default

I filed mine this weekend. Ended up owing more to the state(s) than I'm getting back from the feds (gotta love that moving deduction). The states have already taken their money out of my account, so now I'm looking forward to that federal refund to make up some of the loss.
__________________
Counting My Pennies
Megan is offline   Reply With Quote
Old 02-06-2008, 07:05 AM   #10
Junior Member
 
Join Date: Feb 2008
Posts: 17
Reputation: layla17 is on a distinguished road (11)
Default

I'm filing mine next week. I'm not in a huge hurry. I don't see the point in rushing to get mine done. I like keep my refund or payment a surprise.
__________________
Hi, I'm new here.
layla17 is offline   Reply With Quote
We share ad revenue with members. Learn more.
 
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


All times are GMT -8. The time now is 01:11 PM.


Finance Blogs - Blog Top Sites
Powered by vBulletin® Version 3.7.3
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.1.0
Ad Management by RedTyger