The 2013 taxation thread - Page 2 - Miata Turbo Forum - Boost cars, acquire cats.

Welcome to Miataturbo.net   Members
 


Insert BS here A place to discuss anything you want

Reply
 
 
 
LinkBack Thread Tools Search this Thread
Old 02-05-2014, 01:41 PM   #21
Elite Member
 
DNMakinson's Avatar
 
Join Date: Jan 2013
Location: Seneca, SC
Posts: 2,695
Total Cats: 266
Default

I have a Scottrade account that claims, and follows through that they do not have to send me paperwork by the normal Jan 31 deadline. I think it comes more like Feb 20. Then I can begin filing.
DNMakinson is offline   Reply With Quote
Old 02-05-2014, 01:43 PM   #22
Boost Pope
Thread Starter
iTrader: (8)
 
Joe Perez's Avatar
 
Join Date: Sep 2005
Location: Chicago (Over two miles from Wrigley Field. Fuck the Cubs. Fuck them in their smarmy goat-hole.)
Posts: 26,315
Total Cats: 1,913
Default

Quote:
Originally Posted by y8s View Post
Funny how that never comes up in BIG states.
By "big", I assume you mean "populated mostly by cattle, mountains, and the elderly poor."


Quote:
I suspect both NY and NJ will request payment in full (i.e. double). You just have to tell NY to stuff it.
And I've also heard the opposite, that NJ is the one that gets stuffed.

Which is why this year I will actually be visiting a tax preparer. Will do the SE, Fed and CA on my own as usual, I just need someone to show me the ropes for NY/NJ. (What's really annoying is that since a couple of invoives got delayed until December, some of that SE income was realized after I moved here and began W2 employment. AARGH! )
Joe Perez is online now   Reply With Quote
Old 02-05-2014, 02:31 PM   #23
y8s
2 Props,3 Dildos,& 1 Cat
iTrader: (8)
 
y8s's Avatar
 
Join Date: Jun 2005
Location: Fake Virginia
Posts: 19,037
Total Cats: 406
Default

You may be right. It's been a few years since I did DC/VA reciprocity taxes.
y8s is offline   Reply With Quote
Old 02-05-2014, 06:59 PM   #24
Junior Member
 
Join Date: Jan 2014
Location: Madison
Posts: 153
Total Cats: 7
Default

20% higher on earnings this year
Did considerably worse on returns than last year, same high withholding on checks, married filing jointly.

Nothing changed except income. ****. Crossed dat line I guess.
jt@namiata.com is offline   Reply With Quote
Old 02-05-2014, 11:42 PM   #25
Moderator
iTrader: (11)
 
sixshooter's Avatar
 
Join Date: Nov 2008
Location: Tampa, Florida
Posts: 15,633
Total Cats: 1,559
Default

State income taxes? Hahahahaha!

We've got none.
sixshooter is offline   Reply With Quote
Old 02-05-2014, 11:54 PM   #26
Elite Member
iTrader: (1)
 
NA6C-Guy's Avatar
 
Join Date: Feb 2008
Location: Birmingham Alabama
Posts: 8,038
Total Cats: 43
Default

Already expecting my return to appear in my account in the next week or two. E-filed with direct deposit a few days before the 31st. Last year it only took about 2 weeks to get my return. I gauged things better this year, only getting back $800. Then again, I was only employed for 7.5 months last year.
NA6C-Guy is offline   Reply With Quote
Old 02-06-2014, 12:08 AM   #27
Junior Member
 
Join Date: Nov 2009
Posts: 202
Total Cats: 12
Default

I filed a few days before the 31st as well and it still is not approved. WTF IRS?!?!
latena is offline   Reply With Quote
Old 02-06-2014, 12:30 AM   #28
Elite Member
iTrader: (1)
 
NA6C-Guy's Avatar
 
Join Date: Feb 2008
Location: Birmingham Alabama
Posts: 8,038
Total Cats: 43
Default

Hmm. Unlucky. Mine was approved on the 1st.
NA6C-Guy is offline   Reply With Quote
Old 02-06-2014, 05:00 PM   #29
Junior Member
 
Join Date: Nov 2009
Posts: 202
Total Cats: 12
Default

I may have used some funky math, so they may reject it.
latena is offline   Reply With Quote
Old 02-06-2014, 05:06 PM   #30
Junior Member
iTrader: (1)
 
Join Date: Aug 2006
Location: Ellicott City, MD
Posts: 458
Total Cats: 6
Default

Pay about 5k to fed, get back 1300 from state. Little more then last year. This year going to buy another house that is more expensive. Then I will have two houses to write off...yay?
MicaCeli is offline   Reply With Quote
Old 02-06-2014, 05:32 PM   #31
Elite Member
 
Join Date: Oct 2011
Location: OKC, OK
Posts: 2,639
Total Cats: 76
Default

Quote:
Originally Posted by MicaCeli View Post
Pay about 5k to fed, get back 1300 from state. Little more then last year. This year going to buy another house that is more expensive. Then I will have two houses to write off...yay?
Oh the false economy of the mortgage deduction.

I've never understood it. Then again, we bought cheap and my mortgage interest deductions/student loans, etc are still less than the standard deduction.

Hence my apprehension for this year since everything is changing. The accountant is supposed to have us the numbers tomorrow.
z31maniac is offline   Reply With Quote
Old 02-06-2014, 05:51 PM   #32
Senior Member
 
Join Date: Feb 2007
Location: Aliso Viejo, CA
Posts: 791
Total Cats: 172
Default

Got married last year and did not change any deductions. TurboTax has us owing money when filing jointly. I though marriage was supposed to provide a tax benefit o.O
doward is offline   Reply With Quote
Old 02-06-2014, 05:55 PM   #33
Junior Member
iTrader: (1)
 
Join Date: Aug 2006
Location: Ellicott City, MD
Posts: 458
Total Cats: 6
Default

Quote:
Originally Posted by z31maniac View Post
Oh the false economy of the mortgage deduction.

I've never understood it. Then again, we bought cheap and my mortgage interest deductions/student loans, etc are still less than the standard deduction.

Hence my apprehension for this year since everything is changing. The accountant is supposed to have us the numbers tomorrow.
I make joke I fugured more Amuricans would understand.
MicaCeli is offline   Reply With Quote
Old 02-06-2014, 05:57 PM   #34
Junior Member
iTrader: (1)
 
Join Date: Aug 2006
Location: Ellicott City, MD
Posts: 458
Total Cats: 6
Default

Quote:
Originally Posted by doward View Post
Got married last year and did not change any deductions. TurboTax has us owing money when filing jointly. I though marriage was supposed to provide a tax benefit o.O
Not sure what the question is here.
MicaCeli is offline   Reply With Quote
Old 02-06-2014, 06:23 PM   #35
Elite Member
iTrader: (2)
 
Join Date: Aug 2012
Location: Indianapolis
Posts: 3,325
Total Cats: 235
Default

I'm gonna get screwed this year, I'm saving up already. I took ~$40k out of a trust to buy my house, which I did cash so I don't even get any mortgage deductions (of course that's offset by the fact that I don't have a mortgage).

I'm also gonna let a professional deal with it this year.
thenuge26 is offline   Reply With Quote
Old 02-06-2014, 08:35 PM   #36
Elite Member
 
Join Date: Oct 2011
Location: OKC, OK
Posts: 2,639
Total Cats: 76
Default

Quote:
Originally Posted by MicaCeli View Post
I make joke I fugured more Amuricans would understand.
I knew with the yay?

More just speaking in general. I'm always amazed at some of our friends who have significantly less income and yet buy more house.
z31maniac is offline   Reply With Quote
Old 02-07-2014, 02:54 AM   #37
Elite Member
iTrader: (1)
 
NA6C-Guy's Avatar
 
Join Date: Feb 2008
Location: Birmingham Alabama
Posts: 8,038
Total Cats: 43
Default

****** a. Only took them 6 days to deposit my return. Money in the bank!
NA6C-Guy is offline   Reply With Quote
Old 02-07-2014, 07:14 AM   #38
Elite Member
iTrader: (5)
 
Join Date: Oct 2007
Location: Canton, Ga
Posts: 1,707
Total Cats: 19
Default

Tax time for us is fun. I have a job and investment property, and my wife owns her own business. Makes for hella deductions though.
Stealth97 is offline   Reply With Quote
Old 02-09-2014, 05:21 PM   #39
Boost Pope
Thread Starter
iTrader: (8)
 
Joe Perez's Avatar
 
Join Date: Sep 2005
Location: Chicago (Over two miles from Wrigley Field. Fuck the Cubs. Fuck them in their smarmy goat-hole.)
Posts: 26,315
Total Cats: 1,913
Default

God, this is shaping up to be a fun year. In 2013, I was a business owner, a full-time graduate student, a regular employee, and a resident of three states. Aside from being a farmer or a member of the armed services deployed oversees, I think that ticks all the "weird" boxes.

Just finished Schedule C and Schedule SE. Starting Schedule A, which should be fairly simple.


I still haven't the slightest idea whether I'm going to be paying out or collecting this year. I'm leaning in the direction of paying out since I skipped an ES payment, but then my 2013 C/SE income was way lower than 2012, upon which the ES was based.



EDIT: Just finished Schedule A. My itemized Deductions are *LESS* than my Standard Deduction. I can't remember the last time this happened...

Last edited by Joe Perez; 02-09-2014 at 05:42 PM.
Joe Perez is online now   Reply With Quote
Old 02-09-2014, 05:46 PM   #40
Senior Member
iTrader: (2)
 
Join Date: Aug 2013
Location: Houston, TX
Posts: 598
Total Cats: 30
Default

Quote:
Originally Posted by doward View Post
Got married last year and did not change any deductions. TurboTax has us owing money when filing jointly. I though marriage was supposed to provide a tax benefit o.O
From my own experiences... married filling jointly with ONE income = big returns/tax benefits.

Married filling jointly with two incomes? You'll end up paying more then when you were single.

Try adjusting your deductions to 0 or 1. For both of you.
Then you might see refunds like you did when you were single.

Might.

Your results may vary.
SchmoozerJoe is offline   Reply With Quote
 
 
Reply

Related Topics
Thread Thread Starter Forum Replies Last Post
OTS Bilstein to motorsports ASN conversion stoves Suspension, Brakes, Drivetrain 5 04-21-2016 04:00 PM
My solution for Oiltemp and Oilpressure input into Megasuirt (MS3) Zaphod MEGAsquirt 41 01-24-2016 01:25 PM
Going back to stock. Need some 1.6 parts. Trent WTB 2 10-01-2015 01:15 PM
Leaky Wilwoods mx592 Suspension, Brakes, Drivetrain 1 10-01-2015 01:45 AM


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -4. The time now is 12:22 AM.