Author Topic: 2005 TAXES  (Read 1046 times)

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blackdiamond

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2005 TAXES
« on: Jan 19, 2006, 08:11:07 PM »
I finally started my tax return tonight...I am one of the odd few that gets them done ASAP.  The only problem is that I am waiting for a bunch of information.  I have my W-2 and 1098's for my student loan interest and home mortgages, but I am still waiting for my wife's W-2, multiple (not even sure how many at this point) 1098's for student loan interest and our charitable contribution information (which is a significant portion).

Also, my wife got a huge student loan repayment this year ($50,000) that isn't taxable, but it seems that if I don't report it in some way I am just setting myself up for an audit since all deposits over $10,000 are reported to the IRS.  Any ideas?  :dunno:

Are there any CPAs on the board?  I live in Washington so no state taxes.  :yesnod: It makes things easier :)
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blackdiamond [OP]

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Re: 2005 TAXES
« Reply #1 on: Feb 06, 2006, 09:44:56 PM »
 :maddest:  :maddest:  :tantrum:  :tantrum:  :maddest:  :maddest:  :tantrum:  :tantrum:

I just realized that instead of getting a nice refund, I own the IRS $2,400!

I don't know how it is possible with the amount of deductions that we have and what we claimed  :confused:  :confused:  :confused:

 :rivers:  :rivers:  :rivers:  :rivers:

So much for the refund paying for the Moab trip.

 :tantrum:  :maddest:  :tantrum:  :maddest:
1989 4Runner: Dual Ultimate (Inchworm front & Marlin 4.70 rear), Marlin Twin Stick, 1200-lb clutch, 4.88 R&P, Aussie Front, Detroit rear, 30-spline Longs, Long hub gears, ARP hub and knuckle studs & 35x12.50 Cooper STT PRO tires.  Marlin rear bumper & sliders.  FROR front bumper.  SAS with Alcan springs & Rancho 9000XL shocks.  Budbuilt Bolt-on traction bar.  Custom Interior Cage by Those Guys Rod and Customs.

Moab Tested & Rubicon Approved

lilbuddy

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Re: 2005 TAXES
« Reply #2 on: Feb 06, 2006, 09:47:34 PM »
Did my taxes and im getting 198 bucks back. Well, I didnt do them, my mom did them for me. Ahhh the joys of still living at home....
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kneedownnate

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Re: 2005 TAXES
« Reply #3 on: Feb 06, 2006, 10:12:31 PM »
Oh Chris, don't tell me your mom did your EZ forms for you?!  I dunno if I'd post that.

I did mine in record time this year.  Our company, for whatever reason, doesn't like to send out our forms till the absolute last second so I only got them last week.  I forgot em in my truck the first day, but since I usually procrastinate till it's really late so I decided to do em the second day after getting them.  It was late, but I figured rather than let the finished forms lay around for a few months (I've done that before) I'd just drive to town and mail em that night.  Not getting a lot, but enough to do something with, and if I sell some other stuff soon I might finally snag that .357 I've been wanting for so long.
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whiteman

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Re: 2005 TAXES
« Reply #4 on: Feb 06, 2006, 10:43:56 PM »
Hey My mom did mine and I am getting $226 dolla bills. :gap:
It's never a tragedy when you die doing somthing you love.
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BLACKDOG

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Re: 2005 TAXES
« Reply #5 on: Feb 07, 2006, 11:31:22 AM »
Oh Chris, don't tell me your mom did your EZ forms for you?!  I dunno if I'd post that.

I did mine in record time this year.  Our company, for whatever reason, doesn't like to send out our forms till the absolute last second so I only got them last week.  I forgot em in my truck the first day, but since I usually procrastinate till it's really late so I decided to do em the second day after getting them.  It was late, but I figured rather than let the finished forms lay around for a few months (I've done that before) I'd just drive to town and mail em that night.  Not getting a lot, but enough to do something with, and if I sell some other stuff soon I might finally snag that .357 I've been wanting for so long.

I usually end up dong the extension, then procratinating until I'm doing them the day before the extension runs out :smack:  I'm gonna get them in by April this year :yupyup:  got the last w2 I was waiting for yesterday :woohoo:
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Re: 2005 TAXES
« Reply #6 on: Feb 07, 2006, 11:43:15 AM »
For the last several years I've ended up owing $500 :tantrum: My grandpa/boss said he'd adjust my tax papers so I don't owe anymore... we'll see :crossed:
"Yesterday is history, tomorrow is a mystery, today is a gift - that's why they call it the present." - RW Emerson -

wa4x4

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Re: 2005 TAXES
« Reply #7 on: Feb 07, 2006, 04:10:29 PM »
My dad did mine, I got 25 bucks back!

That's like....a dinner for two YAY. I didn't make much in 2005.
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