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Just found out we owe to the feds AND the state. Crap! Anyone else not getting a refund?

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gbate Donating Member (900 posts) Send PM | Profile | Ignore Tue Mar-06-07 08:21 PM
Original message
Just found out we owe to the feds AND the state. Crap! Anyone else not getting a refund?
Time for a strict budget around here! No more weekly forays into Trader Joe's and Target for non-essentials. :nopity:
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Nicole Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-06-07 08:49 PM
Response to Original message
1. I owe over $5K
:cry:
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SammyWinstonJack Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-06-07 09:58 PM
Response to Reply #1
7. We owe $3K.
:shrug:
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Nicole Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-06-07 10:36 PM
Response to Reply #7
11. It sucks!
Sorry they hit you too.

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Lydia Leftcoast Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-06-07 08:56 PM
Response to Original message
2. I'm self-employed--I never get a refund
and even if I did, the only smart thing to do would be to apply it to the next year's estimated tax.
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unsavedtrash Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-06-07 08:59 PM
Response to Original message
3. got a smallish refund on fed but I'm afraid to even look at state forms
I owe every year on state.
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AlCzervik Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-06-07 09:02 PM
Response to Original message
4. we owe the feds but the state owes us so our net will be about $300.
which is good because i thought we'd owe the feds much more.
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Midlodemocrat Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-06-07 09:04 PM
Response to Original message
5. LOL. I got a bill yesterday for $30,000.
So, yes. I don't think we'll be getting a refund. :cry:
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SammyWinstonJack Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-06-07 09:59 PM
Response to Reply #5
8. Damn! Ouch!
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AlCzervik Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-06-07 10:12 PM
Response to Reply #5
10. is that the same issue you had last year because of stock options?
did that get fixed? BTW after we had the same problem we got lucky and found a really wonderful accountant, no more turbo tax for us.
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Kali Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-06-07 09:57 PM
Response to Original message
6. Nope - got ours
but it's going into a new rear end for the truck.:cry:


^$@%#*%*&(#ing Dodge :mad:
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Wapsie B Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-06-07 10:05 PM
Response to Original message
9. I'm not.
But this time of year I like to remember the party who took away the deduction for personal interest. :mad:
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