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Have You Finished Your Taxes? Are You Getting A Refund?

Discussion in 'BBS Hangout' started by ima_drummer2k, Apr 14, 2004.

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  1. ima_drummer2k

    ima_drummer2k Member

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    Just finished mine over the weekend.

    In the past, I've just done them over the phone but this year, because of my bands earnings being reported, mine have been a little more complicated. I saved my reciepts and I was able to write off tons of gear. If I get audited, I'm ready.

    I'm getting a small refund, but I would have ended up paying mucho taxes had I not saved my 2003 reciepts, so I'm happy.

    What about you?
     
    #1 ima_drummer2k, Apr 14, 2004
  2. Sonny

    Sonny Member

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    I did mine as early as possible since I knew I would get money back. I got my refund around Feb 13th I think.

    I used TaxAct, it was $9.95 plus a free efile.

    We got a new bedroom set and a WS HDTV. ;)
     
    #2 Sonny, Apr 14, 2004
  3. Pole

    Pole Houston Rockets--Tilman Fertitta's latest mess.

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    Just sent off my extension.....haven't paid on time in four or five years. Hopefully, I'll only file one extension this year. I always owe.
     
    #3 Pole, Apr 14, 2004
  4. Jeff

    Jeff Clutch Crew

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    CPA did ours. We owe a ****load. My fault we owe, but it won't happen again.
     
    #4 Jeff, Apr 14, 2004
  5. DCkid

    DCkid Member

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    getting $70 back. Looks like I'll be treating myself to a meal at the Sizzler! :D
     
    #5 DCkid, Apr 14, 2004
  6. rrj_gamz

    rrj_gamz Member

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    I did mine in March...I usually procrastinate on everything, but taxes is something different...We got some back, but I had to pay NM State Tax for the first time and got some back as well...

    Since I'm moving to Dallas soon, I'll be able to get all of my NM w/h next year...
     
    #6 rrj_gamz, Apr 14, 2004
  7. drapg

    drapg Member

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    I eFiled 2 months ago with direct deposit.

    I received my refund automatically 2 weeks later.

    Straight to the savings account
     
    #7 drapg, Apr 14, 2004
  8. mrpaige

    mrpaige Member

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    I hate getting money back since it means the IRS had free use of my money for some time, but I hate paying at tax time worse. I try to estimate as closely as possible, so my refunds are never very big.
     
    #8 mrpaige, Apr 14, 2004
  9. Austin70

    Austin70 Member

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    My ex let me claim one of my daughters this year, so I got 3 times back what I got this year. So needless to say I filed the first week of Febuary.
     
    #9 Austin70, Apr 14, 2004
  10. Rocketman95

    Rocketman95 Hangout Boy

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    I love having a CPA for a sister. Initially, my refund was gonna be $385. However, since I did some contract work in Austin, my sister informed me of various deductions I could use and now my return is $875!!!
     
    #10 Rocketman95, Apr 14, 2004
  11. drapg

    drapg Member

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    Sadly, I've never used itemized deductions, because they never total more than the standard deduction for my situation (single, no kids).
     
    #11 drapg, Apr 14, 2004
  12. esse

    esse Member

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    Getting back $687.00
    woo-hoooo :)
     
    #12 esse, Apr 14, 2004
  13. Rockets34Legend

    Rockets34Legend Member

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    Did it w/ a CPA. Went straight to the savings acct. where it will pay off 5 months of my car payment.....which is finished up in AUGUST! Wooooohoooo! :D
     
    #13 Rockets34Legend, Apr 14, 2004
  14. RocketMan Tex

    RocketMan Tex Member

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    I've been doing that for a while now, and it helps. I have to have a CPA do my taxes, but the music stuff (reporting income but also writing off gear, concert tickets, CDs, travel to/from gigs, etc.) always pushes me into the next lowest tax bracket. That, plus the interest I paid on my mortgage, gave me a refund this year in the mid 4 figures.
     
    #14 RocketMan Tex, Apr 14, 2004
  15. ima_drummer2k

    ima_drummer2k Member

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    Yeah, I'm buying a house this summer so next year's refund should be sweet. I was pretty conservative writing off gear. I didn't write off CD's, DVD's, concert tickets, mileage, learning materials etc. It was strictly gear.

    Next year, I'm going to be more liberal in my writing off practices. ;)
     
    #15 ima_drummer2k, Apr 14, 2004
  16. Austin70

    Austin70 Member

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    I got it even better, my sister works for the IRS, I always bug her around tax time to make sure I am doing by the law.
     
    #16 Austin70, Apr 14, 2004
  17. DFW_Rockets_Fan

    DFW_Rockets_Fan Member

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    Things may have changed, but when I did mine a couple of years ago, I did not get all my NM w/h back. They used a non-resident calculation to determine how much NM tax I owed. It was not a lot, but it was something.


    I got a nice refund this year and like a few others it has taken the form of an HD TV.
     
    #17 DFW_Rockets_Fan, Apr 14, 2004
  18. RocketMan Tex

    RocketMan Tex Member

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    You should, just keep it at a reasonable amount (I keep mine under $2K) and you shouldn't set off any alarms at the IRS.
     
    #18 RocketMan Tex, Apr 14, 2004
  19. JuanValdez

    JuanValdez Member

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    My mother is a CPA. She'll never ever help me with my taxes (not that I need it). And, she always files an extension for her own taxes. It's kind of a cobbler-wears-crappy-shoes sort of thing.

    My wife filed our taxes a while back and we got our refund on Monday. Not doing anything special with it.
     
    #19 JuanValdez, Apr 14, 2004
  20. bigtexxx

    bigtexxx Member

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    I'm getting a substantial refund. Thank you George W Bush for your tax cuts.
     
    #20 bigtexxx, Apr 14, 2004
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