Forum Thread

Tax Day is Upon Us!

Reply to ThreadDisplaying 7 Posts
  • Are you sure you want to delete this post?
        
    Tax Day is here! This may be a day you dread or a day that you love, depending on how your taxes turned out for you. Or it could be a day where you think "oh no! I forgot to do my taxes!" If that's the case then I would highly recommend filing your tax extension request ASAP.

    As is usually the case, I waited until the last minute to file my taxes. I mailed mine out yesterday and will owe some money to the Federal Government, but am all paid off with my state taxes.

    What about you? How will today be for you? Are you someone who filed your taxes long ago and have already received your return or are you a last minute procrastinator who just realized that you have until midnight tonight to file your taxes?
  • Are you sure you want to delete this post?
        
    Filed mine in February. But since I owed enough to need a payment arrangement, I'm still in contact with them. So taxes are definitely on my mind. Sometimes I wish self-employed people were taxed automatically, just like w2/w4. When you see it all, in one lump sum for a year's worth of taxes owed, the bill seems a little absurd. My bill for this last season was over $5,000. .. Much easier to swallow I guess on a month to month basis. I just hope all this money I spend ultimately helps me out when I am older, like it promises to. As I am only 28, I do have serious doubts.
  • Are you sure you want to delete this post?
        
    I filed 2 weeks ago, another procrastinator! Was more painless than I was expecting though; I've gotten pretty quick over the years. I get the frustration of paying taxes. I really, really do. It's so complicated and especially for the young, it can seem unfair at times. But as a whole, I am happy with our country's tax code. Of course its no where near perfect. But when I consider other countries, my stress level goes down and I realize in many ways we do things with our tax dollars that really help folks in need.
  • Are you sure you want to delete this post?
        
    J.K.Logic Wrote: Filed mine in February. But since I owed enough to need a payment arrangement, I'm still in contact with them. So taxes are definitely on my mind. Sometimes I wish self-employed people were taxed automatically, just like w2/w4. When you see it all, in one lump sum for a year's worth of taxes owed, the bill seems a little absurd. My bill for this last season was over $5,000. .. Much easier to swallow I guess on a month to month basis. I just hope all this money I spend ultimately helps me out when I am older, like it promises to. As I am only 28, I do have serious doubts.
    I definitely agree. I really wish that self-employed were taxed automatically just like the everyone else. It would definitely make things a lot easier come tax season.
  • Are you sure you want to delete this post?
        
    Jarton Wrote:
    J.K.Logic Wrote: Filed mine in February. But since I owed enough to need a payment arrangement, I'm still in contact with them. So taxes are definitely on my mind. Sometimes I wish self-employed people were taxed automatically, just like w2/w4. When you see it all, in one lump sum for a year's worth of taxes owed, the bill seems a little absurd. My bill for this last season was over $5,000. .. Much easier to swallow I guess on a month to month basis. I just hope all this money I spend ultimately helps me out when I am older, like it promises to. As I am only 28, I do have serious doubts.
    I definitely agree. I really wish that self-employed were taxed automatically just like the everyone else. It would definitely make things a lot easier come tax season.
    Same here. There has to be a way to make this happen. Or at least a way to make it a lot smoother for those of us that do not have taxes regulated by a company. Do you know what exactly makes it that we cannot do this? It would seem there is a way to screen your checks through some sort of system that would automatically take out taxes.
  • Are you sure you want to delete this post?
        
    YellowSubmarine Wrote:
    I filed 2 weeks ago, another procrastinator! Was more painless than I was expecting though; I've gotten pretty quick over the years. I get the frustration of paying taxes. I really, really do. It's so complicated and especially for the young, it can seem unfair at times. But as a whole, I am happy with our country's tax code. Of course its no where near perfect. But when I consider other countries, my stress level goes down and I realize in many ways we do things with our tax dollars that really help folks in need.
    I don't know if I'd agree that I'm happy with the way taxes are done in our county. More than a few European countries automatically file taxes for individuals and then just send the individual the paperwork for their signature. That sounds so much easier than the way we do it here in America.

    Not just that, but the way credits and deductions work just drive me up a wall sometimes. The tax code, at least in my opinion, needs a dramatic overhaul.
  • Are you sure you want to delete this post?
        
    PentagonWall Wrote:
    Jarton Wrote:
    J.K.Logic Wrote: Filed mine in February. But since I owed enough to need a payment arrangement, I'm still in contact with them. So taxes are definitely on my mind. Sometimes I wish self-employed people were taxed automatically, just like w2/w4. When you see it all, in one lump sum for a year's worth of taxes owed, the bill seems a little absurd. My bill for this last season was over $5,000. .. Much easier to swallow I guess on a month to month basis. I just hope all this money I spend ultimately helps me out when I am older, like it promises to. As I am only 28, I do have serious doubts.
    I definitely agree. I really wish that self-employed were taxed automatically just like the everyone else. It would definitely make things a lot easier come tax season.
    Same here. There has to be a way to make this happen. Or at least a way to make it a lot smoother for those of us that do not have taxes regulated by a company. Do you know what exactly makes it that we cannot do this? It would seem there is a way to screen your checks through some sort of system that would automatically take out taxes.
    I here that lobbying groups for companies like H&R Block and Intuit really, really don't want to see this happen. Read a report they have spent millions lobbying against any kind of automated tax fling by the IRS. Just another reason why I try my hardest each year to just file for free.