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Nader
01-29-2006, 08:58 PM
What are all ya'all's tax returns gonna look like? I just filed mine and it's worked out to $642.71! Hooray!

durrell
01-29-2006, 09:00 PM
I have to start filing mine next year. Garbage. I'm getting Quickbooks, UPS Worldship, and everything to make my records work out lol..it worries me, I don't want me or my dad to get audited. :thumdown:

Nader
01-29-2006, 09:05 PM
Quickbooks is dope! I use it quite a bit, but there are quite a few features that I don't think ANYone uses...

big_daddy_d
01-29-2006, 09:42 PM
Ummmm I'm getting almost $4000 back :D

bomberpilot07
01-29-2006, 09:47 PM
i got nothing! lol

geeZus
01-29-2006, 09:58 PM
My federal taxes were filed electronically Friday, and I'm sending my state taxes off tomorrow. I'm getting $565 back, which is going into my paintball fund. I am hoping to have the cash in 2 weeks. My dad is a CPA, so as soon as one of my W-2s arrived I gave it to him, and he got the other one in the mail Thursday, and had everything ready for me Friday.

I made $11,000 last year, and I didn't work from June to August. Woot. I know where $4000 of that went, but have no clue where the other $5800($1200 paid in taxes) went. :( Probably can chalk that up to losses in paintball through trades. :p

SpudmanWP
01-29-2006, 10:17 PM
Owe $1200 :(

Recon by Fire
01-29-2006, 11:49 PM
I will owe enough to buy a car :( :( :(

geeZus
01-29-2006, 11:53 PM
Really Recon? I know a few people in the military that are getting a nice amount back from being overtaxed. They were in no-tax zones or something, but were still taxed, so they get all that back. You'd probably know more about it than me. Unless you didn't go anywhere in 2005?

DJ Katt RMX
01-30-2006, 12:42 AM
I have no idea, i don't know how to do my taxes... I'm gonna get arrested i bet...

QAZ123
01-30-2006, 04:31 AM
I'll probably get close to $800 back which is all going to pay off a credit card!

JB.

BallerX
01-30-2006, 04:47 AM
Should be in the $2,000 - $2,500 range.

Which is all going to Lowes - The Home Improvement Store I imagine. Just bought us a money pit last month. I mean house, not money pit. No wait, yeah - I meant money pit.

geeZus
01-30-2006, 07:44 AM
I have no idea, i don't know how to do my taxes... I'm gonna get arrested i bet...
H&R Block, Jackson Hewitt...take your W-2s there.

vikingshadow
01-30-2006, 08:08 AM
Turbo Tax...used it every year for the last 7-8 years. Easy to use, even gets me more money back than normal.

QAZ123
01-30-2006, 08:12 AM
Turbo Tax
QFMFT!!!!!

JB.

rowdyroper2003
01-30-2006, 08:48 AM
i think i'm gonna get right around 1500-1600 bucks back...i banked 12000 before taxes, some how i still only have about 5k in the bank...guess its all that beer, gas, and "out-to-eats" on the weekends...oh, and a sound system for my car...i'm gonna stop now, this is making me depressed:(

geeZus
01-30-2006, 08:59 AM
How in the world are you getting $1500 back, if you only banked 12k for the year? Please explain this one.

Nader
01-30-2006, 09:06 AM
:yeahthat: Yeah, how did you manage that, and can you teach me how?

geeZus
01-30-2006, 09:07 AM
I made $11k and only paid $1200 in taxes, for someone to get back $1500 you'd have to pay out a lot more in taxes, or have a kid.

Nader
01-30-2006, 09:09 AM
Yeah, like ten kids....and two wives...lol

rowdyroper2003
01-30-2006, 09:10 AM
i have no deductions, they take the max allowable out. but that 1500 also includes what i'm getting back from my other job...the 12k is just from the end of april-december...

Nader
01-30-2006, 09:16 AM
k, I think I understand...

geeZus
01-30-2006, 09:19 AM
I have no deductions either, made 11k, getting $560 back between fed and state. I just did the IRS calculator for withholding, and the more money I put in the income, the less I get back in returns. Are you sure you aren't talking about the amount you paid in taxes?

big_daddy_d
01-30-2006, 09:23 AM
Kids are great for tax purposes :D

rowdyroper2003
01-30-2006, 09:38 AM
yeah, i'm talking about that, and i always get all of it back, minus the medicare and FICA, which aren't included in that 1500

geeZus
01-30-2006, 09:46 AM
I want to know how you get back all of it, yet I only get back half. It doesn't make sense.

marvin-martian
01-30-2006, 12:24 PM
lying on your taxes is a serious crime...

Recon by Fire
01-30-2006, 05:50 PM
Really Recon? I know a few people in the military that are getting a nice amount back from being overtaxed. They were in no-tax zones or something, but were still taxed, so they get all that back. You'd probably know more about it than me. Unless you didn't go anywhere in 2005?

Your first $80/83K is tax exempt if working overseas. But you have to be out of the country for 330 days in a 12 month consecutive period. Working for a private military company though pas much more and they withold nothing at all. But I did not stay a full year on my last contract so I am short on the 330 days this period so now I have to pay taxes on my last contract and this one! Once I have my W-2 from Blackwater my CPA will do the dirty deed and inform me how screwed I am :( Uncle Sam will have to wait until the last few days of the deadline before he gets my check though....

"No Piggy! Dats my money!"

DJ Katt RMX
01-31-2006, 11:46 AM
woo hoo 500 bucks!

geeZus
01-31-2006, 11:49 AM
lying on your taxes is a serious crime...
Yeah, rowdy, who does your taxes? Do you have any write offs? I talked to my dad, and he says there's something wrong with that. You don't get all of your taxes back, you only get a percentage, and the more you make, the less that percentage gets. I really wanna know how you are doing your taxes.

claustrophobia9
01-31-2006, 12:33 PM
durrel you might be able to write personal paintball supplies off as a business expense (testing products before selling to consumers)... maybe, im not 100% firmiliar with taxes, but id look into it.

Recon by Fire
01-31-2006, 06:36 PM
Actually I believe there was mention of a tax exemption for hobby spending is more than 2% of your earnings. Too bad for you "paintball is a sport" guys, good news for us "Paintball hobby" people :)

I will post later if I can find it....

geeZus
01-31-2006, 06:43 PM
If you can let me know, I think half my earnings went to paintball :dodgy:

Recon by Fire
01-31-2006, 06:50 PM
Here it is, from the Relic forums:

http://forums.relicnews.com/showthread.php?p=1354475#post1354475

*EM1-Master*
01-31-2006, 07:23 PM
LMAO I probably spent 3/4 my earnings on paintball...

rowdyroper2003
02-01-2006, 09:20 AM
i have no write offs, no exemptions, they take the maximum amount allowable out, thats why i'm getting so much back...i know you don't get FICA or Medicare back...

chubb0rz
02-01-2006, 09:30 AM
YES I hope i can get alot back...both from school and claiming pball as a hobby :D

gailon24
02-01-2006, 09:32 AM
Actually I believe there was mention of a tax exemption for hobby spending is more than 2% of your earnings. Too bad for you "paintball is a sport" guys, good news for us "Paintball hobby" people :)

I will post later if I can find it....

This is true, but if you combine that and all mine (and the majority of people i talk to's) itemized deductions, i'm nowhere CLOSE to the standard deduction i can take. With all the student stuff (me grad student) and my wife's teachers deductions and all the deductions we could come up with out of turbo tax we were at like $3k deductions as compared to the $10k standard deduction we could take. That, I'll say, was a very quick decision!

Ooops just read down the page...Brother Armand on that link said pretty much the same thing I just said (and later edited his post) hehe

geeZus
02-01-2006, 10:00 AM
i have no write offs, no exemptions, they take the maximum amount allowable out, thats why i'm getting so much back...i know you don't get FICA or Medicare back...
They do the exact same for me. I paid out $1200 in state and federal taxes and am only getting $565 back. My dad's been a CPA for 20+ years. I really think you are doing something wrong with your filing. You don't get everything you pay back. You have to make below a certain point for that, and if you do, you wouldn't of paid $1500 in taxes.

claustrophobia9
02-01-2006, 12:26 PM
hob·by1
n. pl. hob·bies

An activity or interest pursued outside one's regular occupation and engaged in primarily for pleasure.

paintball is both a hobby and a sport by my classification... i say we all pitch in together and try to find some tax breaks, cuz that is a good one.

UKwithPride
02-01-2006, 02:15 PM
33 bucks! Woohoo

claustrophobia9
02-01-2006, 05:30 PM
my dad said the 2% rule only applies if you are trying to make a career out of the hobby. they check back in a few years and charge you on it if it isnt a career.

Recon by Fire
02-01-2006, 05:53 PM
I didn't save or have receipts for my hobby purchases anyway.

TheRedBarron
02-01-2006, 05:55 PM
Im getting money back, I hate disposing that kind of info so this is what im spending it on...

New feild, netting, a few more scuba tanks, a bunch of stuff to help me open my shop.

geeZus
02-01-2006, 10:06 PM
Im getting money back, I hate disposing that kind of info so this is what im spending it on...

New feild, netting, a few more scuba tanks, a bunch of stuff to help me open my shop.What are you buying me?

rowdyroper2003
02-02-2006, 02:20 PM
heres the stuff from my w2s

first job:

wages, tips: 2128.00
fed inc tax withheld: 154.00

second (current) job:

wages/tips: 12677.65
fed inc tax withheld: 1403.47

total withheld = 1403.47 +154.00 = 1557.47

i haven't filed yet, so no need to worry about me getting busted...and my parents always give it to their guy to do, and i've always gotten everything back that i've had to pay out.

geeZus
02-02-2006, 09:11 PM
When you get it back from the tax office I wanna see it. If you get everything back, we need to do some talking. I need moolah.