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Author Topic: I just did our taxes.....  (Read 5424 times)

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Offline BEG

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I just did our taxes.....
« on: April 07, 2011, 04:18:57 PM »
Ask me anything.
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Offline Ralph Wiggum

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Re: I just did our taxes.....
« Reply #1 on: April 07, 2011, 04:21:47 PM »
Did you add them correctly?  :popcorn:
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Offline Eupher

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Re: I just did our taxes.....
« Reply #2 on: April 07, 2011, 04:34:24 PM »
Did you claim the tools your husband bought in 2010?
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Offline SSG Snuggle Bunny

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Re: I just did our taxes.....
« Reply #3 on: April 07, 2011, 04:39:33 PM »
Do you now or have you ever worked for GE?
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Offline Randy

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Re: I just did our taxes.....
« Reply #4 on: April 07, 2011, 04:40:03 PM »
How much are you getting back?  :fuelfire:

 O-)
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Offline BEG

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Re: I just did our taxes.....
« Reply #5 on: April 07, 2011, 04:45:19 PM »
Quote from: Ralph Wiggum on April 07, 2011, 04:21:47 PM
Did you add them correctly?  :popcorn:

Ha. Last year we paid someone $400 to do them because we had the move plus the two state deal. This year wasn't complicated so I used turbo tax. The only issue outstanding is what kind of stock my husband sold last November (it's incentive stock but he gets two types and I don't know which kind it is). I entered it as ISO but im not sure so i have to wait for him to call me (he is in New York right now)  We paid over $16k in AMT with a total tax of around $80k (we owe $11k). Much better than last year where we paid a total of over $100k in federal taxes.

We are getting back about $5,700 in CA state taxes if nothing changes, I haven't looked over either return yet to look for mistakes. I'm sure the CA refund is because the state decided to take an interest free loan from their taxpayers. They are trying to keep it this year too.

Oh...to top it all off I hit my upper left lip on the granite counter in my kitchen yesterday. Don't ask me how, I'm lucky I didn't break a tooth. Well now my lip and the area above the pink part of my lip is black and blue. When I say black I mean BLACK. I look like my husband punched me.  

 
« Last Edit: April 07, 2011, 04:47:45 PM by BEG »
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Offline BEG

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Re: I just did our taxes.....
« Reply #6 on: April 07, 2011, 04:46:22 PM »
Quote from: Eupher on April 07, 2011, 04:34:24 PM
Did you claim the tools your husband bought in 2010?

LOL that would have been nice. I probably spent more on my crafting crap though.
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Offline BEG

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Re: I just did our taxes.....
« Reply #7 on: April 07, 2011, 04:46:55 PM »
Quote from: SGT Snuggle Bunny on April 07, 2011, 04:39:33 PM
Do you now or have you ever worked for GE?

 :p
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Offline Duke Nukum

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Re: I just did our taxes.....
« Reply #8 on: April 07, 2011, 04:47:46 PM »
Quote from: BEG on April 07, 2011, 04:18:57 PM
Ask me anything.
Is there still a $300 tax credit for the withholding thing?
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Offline BEG

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Re: I just did our taxes.....
« Reply #9 on: April 07, 2011, 04:49:39 PM »
Quote from: Duke Nukum on April 07, 2011, 04:47:46 PM
Is there still a $300 tax credit for the withholding thing?

Withholding thing?
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Offline BEG

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Re: I just did our taxes.....
« Reply #10 on: April 07, 2011, 04:50:45 PM »
Oh and if I remember correctly we owe a $65 penalty for underpaying. 
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Offline thundley4

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Re: I just did our taxes.....
« Reply #11 on: April 07, 2011, 04:55:51 PM »
Did you cheat and will you soon be a part of Obama's cabinet?  :-)
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Offline BEG

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Re: I just did our taxes.....
« Reply #12 on: April 07, 2011, 05:00:17 PM »
Quote from: thundley4 on April 07, 2011, 04:55:51 PM
Did you cheat and will you soon be a part of Obama's cabinet?  :-)

Never, not even on our charitable contributions. I'm sure I would go to jail of I actually cheated.
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Offline Duke Nukum

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Re: I just did our taxes.....
« Reply #13 on: April 07, 2011, 05:25:05 PM »
Quote from: BEG on April 07, 2011, 04:49:39 PM
Withholding thing?
Last year there was the "making work pay" where they took less from withholding and they gave everybody who worked full time a $300 credit to cover it.
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Offline BEG

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Re: I just did our taxes.....
« Reply #14 on: April 07, 2011, 05:34:32 PM »
Quote from: Duke Nukum on April 07, 2011, 05:25:05 PM
Last year there was the "making work pay" where they took less from withholding and they gave everybody who worked full time a $300 credit to cover it.

We don't get any credits because my husband makes too much.
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Offline longview

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Re: I just did our taxes.....
« Reply #15 on: April 07, 2011, 07:11:08 PM »
I got mine done yesterday.  The guy used to work in my home area and we got visiting about changes.  He mentioned the "making work work" thingy is $400 this year and it didn't get extended so it will not be available next year.

I know he's very talented at bovine nutrition, I hope he's as good at doing taxes correctly.
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Offline Chris_

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Re: I just did our taxes.....
« Reply #16 on: April 07, 2011, 07:12:39 PM »
If the work credit applies this year, then I can break even on my taxes.  If not, I owe a few hundred bucks. 

Did you have to fill out a separate worksheet for the credit?  I thought it was already on the 1040 form for 2010.
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Offline Traveshamockery

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Re: I just did our taxes.....
« Reply #17 on: April 07, 2011, 07:39:03 PM »
Quote from: BEG on April 07, 2011, 04:45:19 PM
The only issue outstanding is what kind of stock my husband sold last November (it's incentive stock but he gets two types and I don't know which kind it is).


My husband gets the same deal and he's explained it to me a gazillion times and I still don't understand it.  But he does the taxes, so the only thing I concern myself with is how to spend it. 

 :lmao: :lmao: :lmao: :lmao:
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Offline IassaFTots

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Re: I just did our taxes.....
« Reply #18 on: April 07, 2011, 08:23:37 PM »
Quote from: chris_ on April 07, 2011, 07:12:39 PM
If the work credit applies this year, then I can break even on my taxes.  If not, I owe a few hundred bucks. 

Did you have to fill out a separate worksheet for the credit?  I thought it was already on the 1040 form for 2010.

My CPA filled out a Schedule M for me.   That is the work credit. 
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Offline Chris_

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Re: I just did our taxes.....
« Reply #19 on: April 07, 2011, 08:24:50 PM »
That's what I thought.  I used one of those e-file things and put in for the work credit. 
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Offline Boudicca

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Re: I just did our taxes.....
« Reply #20 on: April 08, 2011, 11:09:24 AM »
Quote from: BEG on April 07, 2011, 05:00:17 PM
Never, not even on our charitable contributions. I'm sure I would go to jail of I actually cheated.

That's what you get for being a Republican. :-)
Only Dems are allowed to be tax cheats, or cheat on their spouses. :whatever:

And, I hope your lip feels better soon, BEG. :(
« Last Edit: April 08, 2011, 11:18:08 AM by Boudicca »
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Offline Ralph Wiggum

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Re: I just did our taxes.....
« Reply #21 on: April 08, 2011, 11:17:04 AM »
Quote from: BEG on April 07, 2011, 04:45:19 PM
Ha. Last year we paid someone $400 to do them because we had the move plus the two state deal. This year wasn't complicated so I used turbo tax. The only issue outstanding is what kind of stock my husband sold last November (it's incentive stock but he gets two types and I don't know which kind it is). I entered it as ISO but im not sure so i have to wait for him to call me (he is in New York right now)  We paid over $16k in AMT with a total tax of around $80k (we owe $11k). Much better than last year where we paid a total of over $100k in federal taxes.

We are getting back about $5,700 in CA state taxes if nothing changes, I haven't looked over either return yet to look for mistakes. I'm sure the CA refund is because the state decided to take an interest free loan from their taxpayers. They are trying to keep it this year too.

Oh...to top it all off I hit my upper left lip on the granite counter in my kitchen yesterday. Don't ask me how, I'm lucky I didn't break a tooth. Well now my lip and the area above the pink part of my lip is black and blue. When I say black I mean BLACK. I look like my husband punched me.  

 

Poor BEG, sorry about your lip.  And you can't even blame domestic violence.  :-)

I only asked about the adding thing because I used to help my friends out with their personal taxes.  Since I don't work as much in tax any longer, I don't do it.  But by far the most common error was in adding/subtracting.  This was before the more common versions of TurboTax, etc. were around.
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Offline Texacon

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Re: I just did our taxes.....
« Reply #22 on: April 08, 2011, 11:32:40 AM »
Did you check the box to donate to the presidential campaign fund?

KC
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Offline dutch508

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Re: I just did our taxes.....
« Reply #23 on: April 08, 2011, 11:42:53 AM »
Quote from: BEG on April 07, 2011, 04:45:19 PM
Oh...to top it all off I hit my upper left lip on the granite counter in my kitchen yesterday. Don't ask me how, I'm lucky I didn't break a tooth. Well now my lip and the area above the pink part of my lip is black and blue. When I say black I mean BLACK. I look like my husband punched me.  

 :naughty:

I am trying so hard not to ask you how...
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Offline Ralph Wiggum

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Re: I just did our taxes.....
« Reply #24 on: April 08, 2011, 11:43:53 AM »
Quote from: dutch508 on April 08, 2011, 11:42:53 AM
:naughty:

I am trying so hard not to ask you how...

She said ask her anything. :-)

(She also said her husband is out of town)
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