Team Adam's Posted February 1, 2009 Share Posted February 1, 2009 Vote and discuss! Link to comment Share on other sites More sharing options...
Sundog Detailing Posted February 1, 2009 Share Posted February 1, 2009 I don't know what to discuss, this economy sux!! I made alot less this year, I hope that with the slow down in new car sales people will be getting more details to take care of the vehicle they have, gotta keep a positive attitude. Link to comment Share on other sites More sharing options...
mikegeaney Posted February 1, 2009 Share Posted February 1, 2009 (edited) I was just trying to do mine online using TurboTax which I have used for years. The financial institution that I use for my brokerage account(s) still has not made the 2008 information available for import into TurboTax! Now I have to wait until 2/3 at the earliest to have this feature available. It's a big time saver. I think it is ridiculous that a firm like that can get the paper statements mailed out but does not have the electronic files prepared at this point. Regulations give them up to a certain point to do things like this so they take every minute they can to do it which is frustrating. I'd complain, but I work there and layoffs are coming on Tuesday. If you are using this thread to gauge sales potential...I can tell you I'll put in for a nice order at the end of the week provided that I'm still employed. Edited February 1, 2009 by mikegeaney Link to comment Share on other sites More sharing options...
Krzdimond Posted February 1, 2009 Share Posted February 1, 2009 In the 24 years that I have been doing my taxes, I have never owed. The key is to look at the rules and find the loopholes. My favorite is the charitable contributions. Go to a yard sale, buy a buttload of t-shirts for a couple of bucks, go straight to goodwill, and then donate....... for a writeoff of a buck each!! Link to comment Share on other sites More sharing options...
GerryC Posted February 1, 2009 Share Posted February 1, 2009 (edited) I sent my returns out on Friday. I like working with numbers and I always get money back so I'm one of the few people who enjoy tax time. Finding write-offs is important like you said Rob. For example I receive non-employee compensation from Google through ads I place on websites I maintain, so when I report self-employment income I can deduct the yearly cost for my internet connection as a business expense. Edited February 1, 2009 by GerryC Link to comment Share on other sites More sharing options...
jjwvette Posted February 1, 2009 Share Posted February 1, 2009 Don't know yet,haven't got the business info back from my tax man:xfingers: Link to comment Share on other sites More sharing options...
Retired_CPO Posted February 1, 2009 Share Posted February 1, 2009 This year I got back more than I expected. I try to minimize my return due to the fact I like to have the money in my paycheck when I need it to the most..not a big check once a year. Maybe I'm crazy but I feel that I can use my money more effectively that way. Link to comment Share on other sites More sharing options...
Retired_CPO Posted February 1, 2009 Share Posted February 1, 2009 I don't know what to discuss, this economy sux!! I made alot less this year, I hope that with the slow down in new car sales people will be getting more details to take care of the vehicle they have, gotta keep a positive attitude. I like the way you think!! Link to comment Share on other sites More sharing options...
Bill-V8V Posted February 1, 2009 Share Posted February 1, 2009 This year I got back more than I expected. I try to minimize my return due to the fact I like to have the money in my paycheck when I need it to the most..not a big check once a year. Maybe I'm crazy but I feel that I can use my money more effectively that way. Same here I need it for car payments Link to comment Share on other sites More sharing options...
Retired_CPO Posted February 1, 2009 Share Posted February 1, 2009 Same here I need it for car payments Do you keep them long enough to make payments? Link to comment Share on other sites More sharing options...
Bill-V8V Posted February 1, 2009 Share Posted February 1, 2009 Do you keep them long enough to make payments? Right up till they need an oil change :jester: Link to comment Share on other sites More sharing options...
Retired_CPO Posted February 1, 2009 Share Posted February 1, 2009 Right up till they need an oil change :jester: Link to comment Share on other sites More sharing options...
Nitelord Posted February 1, 2009 Share Posted February 1, 2009 I got the same every year for the past 5 years. $700 and change. I checked $500 - $599, since there was no $700.00 range. Link to comment Share on other sites More sharing options...
Rich Posted February 1, 2009 Share Posted February 1, 2009 I owe every year cause they don't take out of my retirement pay or social security. Oh well. At least I'm grateful that I have enough to pay it every year. Link to comment Share on other sites More sharing options...
Team Adam's Posted February 1, 2009 Author Share Posted February 1, 2009 I got the same every year for the past 5 years. $700 and change.I checked $500 - $599, since there was no $700.00 range. Fixed and changed your vote Link to comment Share on other sites More sharing options...
c5golfguy Posted February 3, 2009 Share Posted February 3, 2009 I am still in the process of gathering documents and etc, but I do know I made almost 30k less last year then I did the year before. This year I'll be lucky to find a job and not be grouped into the poverty level of income. GRRRRRRRRRRR! Link to comment Share on other sites More sharing options...
70'sChevyGirl Posted February 3, 2009 Share Posted February 3, 2009 I claim zero just to be on the safe side. Link to comment Share on other sites More sharing options...
lanespd200 Posted February 3, 2009 Share Posted February 3, 2009 I am hoping to get a good return this year......prior to kids, my returns sucked and at times I owed. We shall see this year, I made a lot more than I use to make. To me, $50.00 is A LOT more than what I use to make. Link to comment Share on other sites More sharing options...
eleven357 Posted February 3, 2009 Share Posted February 3, 2009 Earned income tax credit FTW Link to comment Share on other sites More sharing options...
smjp Posted February 4, 2009 Share Posted February 4, 2009 Got back more than I thought I would, changed my payroll witholding to get back less. I don't like the goverment keeping my money for free. Link to comment Share on other sites More sharing options...
Kwhite Posted February 4, 2009 Share Posted February 4, 2009 just got done finally with mine. getting about 4200 from federal back and owed state 28 dollars lol. too bad 90pct of it is already spent. hope there will be a few hundred left for me to get some adams stuff and other stuff for my cars(lowering springs!!!) i claim 14 so hardly anything is taken out all year. but i have 4 kids so that makes a HUGE difference. id get alot more back if i claimed less, but i need the money now rather than one huge check at the end of the year Link to comment Share on other sites More sharing options...
ss-truck Posted February 8, 2009 Share Posted February 8, 2009 We use the drag car as a business as well as the show car . All the entry fees , transportation , food , hotel rooms , parts and anything connected with either car is part of deductions . Even detailing supplies are deductable . Just a thought for some of you that might need more deductions . Been doing that since the 60's and never had a problem with it . Link to comment Share on other sites More sharing options...
Retired_CPO Posted February 8, 2009 Share Posted February 8, 2009 Earned income tax credit FTW what is that? wifey and I make too much money to qualify for it. Link to comment Share on other sites More sharing options...
Krzdimond Posted February 8, 2009 Share Posted February 8, 2009 WOO HOO!!!!!!!! Someone in Washington FINALLY did something good! First time home buyer credit. Used to be a $7500 credit that you had to pay back over 15 years- amounting to an interest free loan. Now it does NOT have to be paid back! I just did a buddys taxes and he's getting back $14,100:banana: http://money.cnn.com/2009/01/29/real_estate/tax_credit_near/?postversion=2009012907 Link to comment Share on other sites More sharing options...
Bill-V8V Posted February 8, 2009 Share Posted February 8, 2009 Just did mine today and sent in my check for $700 Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now