• Notice for iPhone users: DO NOT use the image size reduction option when uploading photos to the forum. This causes portrait images to post as landscape. We have added a warning to the image insert pop-up as well.

Whats everyone's plan for there income tax refund checks?

jeepdreamer said:
I used to look forward to a refund every year. I'd intentionally have to most taken out during the year and used it as sort of a slush fund for fun. Getting married I haven't seen a refund I 3 years now and don't know what I'm doing wrong. HH6 is the same way. We both have the max withdrawn but this year we got just enough refunded from federal to cover our owed state and the tax prep fee. What really sucks is I pay taxes to a state I haven't lived in for 8 years (and never will). This year they decided I owe more than the max that was taken out over the year.
Grrr....
Bring on a smaller, less greedy, more fiscally responsible gubmint! !

Sent from my SM-N910V
Click to expand...
Welcome to being married. That's why they call it the marriage tax.
 
What even was that all about? We pay tax on what we earn and that's it
 
I'm getting a toolbox and a rifle chambered in some kind of straight walled pistol cartridge. Like a marlin 94, ruger 77/44, uberti yellow boy...
 
At one time filing as single and head of household was a bigger deduction than filing married and joint deduction. That's where the marriage tax term comes from.
 
The best thing to do would be not to get married, have a kid, buy a house, have all your mail sent to your parents , and "rent" it to your girlfriend. She'd get a massive tax return and qualify for so many other benefits that you couldn't get together. That goes on a lot in my area.
 
craveman85 said:
The best thing to do would be not to get married, have a kid, buy a house, have all your mail sent to your parents , and "rent" it to your girlfriend. She'd get a massive tax return and qualify for so many other benefits that you couldn't get together. That goes on a lot in my area.
Click to expand...
Then like it or not you would be a Democrat.
 
craveman85 said:
I'm getting a toolbox and a rifle chambered in some kind of straight walled pistol cartridge. Like a marlin 94, ruger 77/44, uberti yellow boy...
Click to expand...

Marlin lever action in .44 mag...on my wish list. I'd even settle for a .357- I want a matching Ruger Vaquero Bisley and lever action...

Although after doing an initial estimate, it looks like I might come out 0 for 0. I'm ok with that, as long as we don't owe. We might buy a travel trailer. I'm definitely going to get going on my red '81. And try and turn my GMC pickup into a Jeep J2000.
 
My brother has my 357. Been searching years for a good 44. Top of my list is a ruger .44 semi carbine though. The older ones with the internal tube magazine. Well that and a h&h double in 375... but I'm about 95g short on funds right now.

Sent from my E6782
 
If I had a refund I wouldn't waste it like you guys. I would spend it in the Red Light District and on Booze and forget for at least one night there ever was a Obama.
 
craveman85 said:
I've spent 6.40$ on booze in 7 years since I turned 21... to cook fish

Sent from my E6782
Click to expand...

That's deserves one big atboy craveman. To set the record straight it's been well over 20 years since I my last drunk. Don't miss it.
 
I've never liked the taste of any of it. When I worked on a farm I did distill corn silage runoff for my garden tractor.

Sent from my E6782
 
LOPL, I own an S-Corporation, I don't get tax refunds anymore....

But on the upside, anything gun related is a business expense, as is a Scrambler rebuild project for a company vehicle. ;)
 
Dawg180 said:
LOPL, I own an S-Corporation, I don't get tax refunds anymore....

But on the upside, anything gun related is a business expense, as is a Scrambler rebuild project for a company vehicle. ;)
Click to expand...
Oh yes, the famous S-corp. deductions. My S got audited by the IRS a few years back, They decided I had under paid my taxes by about $107,000.00 over a 5 year period. After penalties and interest I owed over 200K. I Promise you your hobbies are not considered business expenses.
 
zr10054 said:
Oh yes, the famous S-corp. deductions. My S got audited by the IRS a few years back, They decided I had under paid my taxes by about $107,000.00 over a 5 year period. After penalties and interest I owed over 200K. I Promise you your hobbies are not considered business expenses.
Click to expand...

Guns are my business, not a hobby- my company makes gun parts for a living.

And a company vehicle used for company work with the company logo on it, as the Scrambler will be, is perfectly justifiable.

Sorry you got screwed by poor advice from your accountant. We run a tight ship around here on what is and is not business expenses.
 
Plan to use it for a daily driver for either the wife or I. If my wife decides what she wants and finds it first, she'll use it. If I can find a clean, stock-ish uncut and unpainted CJ8 before that, then I'll use it. So yeah, based on the last few months of searching, she'll be using it!
 
Dawg180 said:
Guns are my business, not a hobby- my company makes gun parts for a living.

And a company vehicle used for company work with the company logo on it, as the Scrambler will be, is perfectly justifiable.

Sorry you got screwed by poor advice from your accountant. We run a tight ship around here on what is and is not business expenses.
Click to expand...

Sorry, I know very little about Jeeps and obviously I know nothing about the IRS. Thanks for the advise though.
 
Ouch sorry that happened. I have a friend that "runs things thru his business" quite extensively. If he is ever audited he will have a very bad time with the tax man.
 
I bought a 5000 lumen projector so i can watch my beloved cardinals projected on a 120 inch screen in my shop this summer...i will post pics when installed
 
You must log in or register to reply here.
Back
Top