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Bummer... I would hate to send in a check for that much....

Of course, I'm so poor that they sent me a check. Now I get paid so little they don't even take any money out. I'm sure whether to cry or rejoice.

Heh, tell me about it. I want my money back.

We actually came out $100 ahead this year. I'll have to fiddle a little with the withholdings for next year so we come closer to breaking even.

- Mjolnir

Love Ben's expression. Looks like he's in the throne room trying to pass a spiked bowling ball.

Hm. Guess there really isn't that much difference between that and paying taxes.

Ouch! Taxes hit hard. Thank goodness I work part time and only owed PA $1. I got a rebate from the federal government.

The worst part when I talk with people about taxes is when they get refunds they don't understand it is their own money they are getting back. They act like it is found money, not earned money.

On US Federal Income Tax refunds: A few people I've talked with didn't really understand that they've actually given several thousand dollars to the federal government, and so shouldn't be so happy to get just a hundred or so back. I haven't received a refund in decades, but at least the check I'll write this year is less than $200 before Uncle Sam calls it even.
Being self-imployed, as Ralph is trying to become, means he has to handle all of the paperwork. I don't envy him that.

And then there's city taxes, state taxes, county taxes, school levies, usage fees for public lands...

(The state I call home adds 28 cents to the cost of every gallon of gasoline, which means they pull down about three times the profit per gallon the oil company makes.)
Madness! Madness!!

Narnian wrote:The worst part when I talk with people about taxes is when they get refunds they don't understand it is their own money they are getting back. They act like it is found money, not earned money.

I understand that, but it is better than owing it. But there are two things to be sure of in life, death and an overamount of taxes for organasations you never even heard of and others you don't support. I just like how Ralph egagerates it. "...Two or three ocean cruises for two to Hawaii..."

Hmmm, what Ben is doing seems somewhat theraputic, let me try...

Matched set of engraved colt .45 revolvers...

Full hand tooled leather shooting harness for aforementioned revolvers...

350 chevy small block to go inside '82 Fleetwood lawn ornament...

Labor to install same engine into car...

New garage door...

New garage to hold aforementioned car...

I think I need a drink! =o.o=

Tbolt wrote:Hmmm, what Ben is doing seems somewhat theraputic, let me try...

Matched set of engraved colt .45 revolvers...

Full hand tooled leather shooting harness for aforementioned revolvers...

350 chevy small block to go inside '82 Fleetwood lawn ornament...

Labor to install same engine into car...

New garage door...

New garage to hold aforementioned car...

I think I need a drink! =o.o=

Here's some REAL therapy for ya....Long Island Iced Tea....comin' right up! That stiff enough?

Shaaruuk

Thanks!

*takes offered drink and downs it*

*THUD*

Ahhh, the floor is so cool and inviting at this time of day =^.^=

(Remember kids, don't drink on an empty stomach! And never EVER drink and drive,... unless its Gran Turismo IV!)

Tbolt wrote:Thanks!

*takes offered drink and downs it*

*THUD*

Ahhh, the floor is so cool and inviting at this time of day =^.^=

You're welcome. And the best part is YA CAN'T FALL OFF THE FLOOR!!

PAYING $682 here.

Most of that is from a Boston IRA company bungling a switch to a new employer under withholding by 90% to the state of California and earning me a $627 penalty for it. Damn I would be getting $293 back if they hadn't screwed that up!

Oh well if H&R Block hadn't found it I imagine it would cost me 10 times more when the IRS found it!

Zorro wrote:PAYING $682 here.

Most of that is from a Boston IRA company bungling a switch to a new employer under withholding by 90% to the state of California and earning me a $627 penalty for it. Damn I would be getting $293 back if they hadn't screwed that up!

Oh well if H&R Block hadn't found it I imagine it would cost me 10 times more when the IRS found it!

If H&R Block found this mistake on the part of the IRA company, isn't there some way you could get compensated? I mean it was THIER screw-up that cost YOU the penalty.

Shaaruuk

Sharuuk wrote:

Zorro wrote:PAYING $682 here.

Most of that is from a Boston IRA company bungling a switch to a new employer under withholding by 90% to the state of California and earning me a $627 penalty for it. Damn I would be getting $293 back if they hadn't screwed that up!

Oh well if H&R Block hadn't found it I imagine it would cost me 10 times more when the IRS found it!

If H&R Block found this mistake on the part of the IRA company, isn't there some way you could get compensated? I mean it was THIER screw-up that cost YOU the penalty.

Shaaruuk

Nope, I would have to file a claim in Massachusetts; I would eat up any refund with the costs of filling it.

I am in California, LOOOOOONG Drive.

Zorro wrote:Nope, I would have to file a claim in Massachusetts; I would eat up any refund with the costs of filling it.

I am in California, LOOOOOONG Drive.

In the words of The Bard....."Verily I say unto thee, that doth truely suck!"

Shaaruuk

Sharuuk wrote:

Zorro wrote:Nope, I would have to file a claim in Massachusetts; I would eat up any refund with the costs of filling it.

I am in California, LOOOOOONG Drive.

In the words of The Bard....."Verily I say unto thee, that doth truely suck!"

Shaaruuk

I got off EASY. 2 others got caught up in this.

#1 = $1700.

#2 = $7000!

The company didn't file the paperwork to allow using 401K money for a first purchase of a house. 10% of a 70K Down Payment = $7000 + a Higher Tax Bracket!

Using 401K cash for buying a house is allowed by law, but if they don't file the correct forms at the correct Time YOU not the IRA Corporation are ROYALY SCREWED!

Oh joy, I will be getting some of my hard earned money back. Not getting too excited because it was mine to begin with.

Amen revrend.

You have to wonder what they do in that place though. Everyones taxes are so messed up. Heck, PA doesn't charge you unless you ow a dollar or more. Gess how much I owed them.

The thing is, they just took off $45 dollars from my already very small paychecks for an employment privalage tax. That just, GRRRRRR!!!

Just to pull the pin on another grenade: When I was sixteen and working summers at a local grocery store chain I had to shell out upwards of $100 in union dues FOR A MINIMUM WAGE JOB!

Granted, we did have some sort of benefit package and improved odds for overtime, but I never really benefited from them.