If tax season is favorable for you...

dan1ecu

Hi, Everybody -

I'm just wondering if you've already got your tax refund spent, and if so, on what?

Personally, I'm going to have to pay this time around, so I won't be buying anything for a while.

How about you?

Dan

dthigpen

I'm paying in the five figures over the amount withheld already for 2004. I don't like tax season this year.

nwcs

I have a very nice refund but I won't be buying anything with it this year. In fact, I'm probably going to cool off of coin purchasing for a while.

Barry

I would much rather pay than get a refund.

That means I didn't give Uncle Sam an interest-free loan for a year.

Longacre

<< <i>I would much rather pay than get a refund.

That means I didn't give Uncle Sam an interest-free loan for a year. >>




Spoken like a true tax lawyer, Barry (I never knew). As for me, my tax planning method (keep having more kids for the exemptions), is going to hurt me in the long run.

PS. I think I am getting a refund this year. Usually I break even; almost exactly.

MadMonk

Yep, mine is spent...on a new washer and dryer for my wife.

Barry

Longacre,
Not a tax lawyer, but my father's a CPA. Guess he taught me well.

lathmach

I got my refund last Friday, and used it today to pay the taxes on my home, machine shop building and the personal property taxes on my machine shop machinery.
BTW, my return was filed the minute the IRS would accept it.

Ray

Coinhusker1

<< <i>I'm paying in the five figures over the amount withheld already for 2004. I don't like tax season this year. >>



I feel your pain. I estimate I'll be paying 8k Friggin AMT ate up my Bush tax cut!!!

RYK

I have two very unpredictable K-1's coming any time. I am hoping for break even.

Jdurg

I plan on spending my couple hundred dollars to help pay off a student loan. Sure I could spend it on frivilous stuff, but I'd rather get one of my student loan payments out of here every month. Yeah it's only $55 a month, but having that money to spend would be quite nice.

CarlWohlforth

I won't know for a long time. It used to take me over 50 hours to do mine including partnership returns and everything. We are farming out the partnership tax returns this year. Still I prefer paying because that means I earned more this time then the prevous year. However that doesn't mean I have anything left to spend

mgoodm3

I paid a huge withhold in Dec to hopefully cover my taxes, at least I won't owe so much as to have a penalty. The withholding was 99.4% of my paycheck that month.