I owe the IRS $2430.00 !!!!!

[variablebinary]

The goal, IMHO, should be to absolutely break even. No refund, no payment.

Probably the best way to go once you get the formula down.

[tango-papa]

Property tax in Fl. more than makes up for it.

Same in Texas!

[SecretAgentMan]

Come to Tennessee. No income tax and low property taxes.

[11Bravo]

Filed at about midnight Tuesday night/Wednesday morning.
Refund had been submitted to bank, pending posting by 15:30 this afternoon.
Roughly 63 hours.
And next Wednesday I'll go give it all to the surgical center, surgeon, and aniste.....gist.
And yes, I know all the arguments for and against refunds and all but I kind of like the check each spring.

[senorlinc]

I have been lucky.....mostly that is. i have not owed the federales in quite a few years and i only pay them a token amount in my quarterlies. i have gotten back everything from the feds and 3 states however the city of philadelphia seems to have converted to a different accounting system since they discovered their deficit 2 years ago. they want my 1st born

[ZDL]

Filed at about midnight Tuesday night/Wednesday morning.
Refund had been submitted to bank, pending posting by 15:30 this afternoon.
Roughly 63 hours.
And next Wednesday I'll go give it all to the surgical center, surgeon, and aniste.....gist.
And yes, I know all the arguments for and against refunds and all but I kind of like the check each spring.

Well then, allow me to help. Pay me 500 a month and I'll give you a check next spring.

[11Bravo]

Well then, allow me to help. Pay me 500 a month and I'll give you a check next spring.

We may be able to work something out.
Tell you what, I'll send you the $33 dollars a month my refund works out to and each spring you send me a refund check based on the $500/month you mentioned.
Man, I'm gonna have to rethink this socialism thing; sounding better all the time.
As I recall, my withholding is single with myself as a dependent.
I changed to that from single with 0 dependents after having to pay $400+ one year.
I guess I would say I am just barely above living check to check, but that $400 was a bitch to come up with.

[HES]

hah... i've been paying myself with stockholder draws all year- i dont even want to know how much i owe this year. i'm gonna block my accountant's phone number.

I pay myself out of stock holder draws as well. But I think Im going to do pretty well this year.

[KACSR15]

I cut myself short this past year. I paid in about $13k to Fed and still owe $3k.

The $87.6k exclusion is nice but I still pay an ass load of taxes. Thank god no state tax though.

As for owing $2430, quit complaining.

[rob_s]

Property tax in Fl. more than makes up for it.

Florida has also historically relied on sales tax from tourism to offset the need for a state income tax. If tourism continues to fall off, guaranteed some geniuses will decide that we need a state income tax. Watch for it to be generated by a county like Dade which has allowed it's corrupt third-world way of running things to put their school district millions of dollars in the hole. They'll push for more money from the state, the state will say "where do you expect us to come up with this", and the third-worlders will cry out for a state income tax to pay for it. They know that most of their gutter-dwellers will be unaffected and that the rest of the state will wind up footing the bills for their screwups.

I would also expect to see them figure out a way to exempt retirement payments so that they can get the bitter old carpet-baggers (who already begrudge paying for education in this state but who have the highest voter turnout) to go for it.