akurtom 0 #1 February 16, 2005 Ok...I am a fulltime student and I work two jobs. When I got these jobs two years ago, it wasnt a problem the way I filled out my w-4 forms since I didnt work that many hours. This tax season, I was expecting a huge tax return. Didnt happen... I owe the government fucking $4000 because apparently I didnt get enough taken out of my checks. Dear IRS----you suck! Did anyone else have this problem? How was I supposed ot know? I'm still in school.... I plead the fifth. of SoGo :-) Blue Skies Quote Share this post Link to post Share on other sites
BGill 0 #2 February 16, 2005 yeah you're definitely not able to still write exempt with the amount you make.... still, $4000 seems a bit high for what you owe unless it includes previous moneys that you owed as well Quote Share this post Link to post Share on other sites
PurpleWill 1 #3 February 16, 2005 Hope you can find a way not to have to pay, otherwise you can always sell a kidney. Thats a nasty surprise.There is a lot of stuff worth doing but then there is a lot of stuff worth doing instead. Quote Share this post Link to post Share on other sites
NWFlyer 2 #4 February 16, 2005 Sorry that you're stuck with a huge tax burden - have you tried using TurboTax online? I think you can go through the entire return without filing for free and it *might* help you catch any errors/missed opportunities for tax savings. For next year, it might be useful to use this calculator. Ideally, your goal should be to end the year neutral with the IRS - nothing owed, no refund. Refunds feel nice when you get them, but you are essentially giving the IRS an interest-free loan all year. http://www.irs.gov/individuals/article/0,,id=96196,00.html"There is only one basic human right, the right to do as you damn well please. And with it comes the only basic human duty, the duty to take the consequences." -P.J. O'Rourke Quote Share this post Link to post Share on other sites
skymama 37 #5 February 16, 2005 QuoteHow was I supposed ot know? I'm still in school.... Well, your profile says you're a Research Analyst. I suppose you could have researched the tax laws on the internet to make sure you were getting enough withheld. She is Da Man, and you better not mess with Da Man, because she will lay some keepdown on you faster than, well, really fast. ~Billvon Quote Share this post Link to post Share on other sites
meltdown 0 #6 February 16, 2005 Dude, that sucks. How did you figure your taxes? I used TaxCut, but the result I got was not what I expected (owing $1200.00), so I did them free with the Turbotax link to the IRS web site, and voila, now I only owe $127.00. I would double check your figures - $4000 is a lot to owe, and if it's true, you'll probably get hit with an underpayment penalty too. Quote Share this post Link to post Share on other sites
akurtom 0 #7 February 16, 2005 I went to H&R block...which now I feel like a jack@ss because I owe them money too for the tax return... Blue Skies Quote Share this post Link to post Share on other sites
rehmwa 2 #8 February 16, 2005 1 - sucks, good luck getting it worked out 2 - welcome to the adult world - planning ahead is important, being a student isn't an excuse for anything 3 - $4000 seems like a lot to be off, hopefully someone made a mistake and you can fix it in your favor 4 - Owing $4000 means you had the use of that money instead of the government for the year - handled wisely, it could have been to your benefit. Something to leverage for next year. ... Driving is a one dimensional activity - a monkey can do it - being proud of your driving abilities is like being proud of being able to put on pants Quote Share this post Link to post Share on other sites
meltdown 0 #9 February 16, 2005 Double bummer. Quote Share this post Link to post Share on other sites
WFFC 1 #10 February 16, 2005 Self employed in 2004...you don't want to even know what I'm paying for 2004, but $4k isn't much. Wanna trade?----- ~~~Michael Quote Share this post Link to post Share on other sites
CrazyIvan 0 #11 February 16, 2005 Forget about TurboTax and all that jive...I'm sure that someone in your town might have the knowledge to help you out. Around here, I have my buddy "Fat Jack" __________________________________________ Blue Skies and May the Force be with you. Quote Share this post Link to post Share on other sites
JeepDiver 0 #12 February 16, 2005 Quote Sorry that you're stuck with a huge tax burden - have you tried using TurboTax I came out pretty well this year all things considered. Quote Share this post Link to post Share on other sites NWFlyer 2 #13 February 16, 2005 QuoteI came out pretty well this year all things considered. <---not a tax expert at all. but damn, if you figure that one out, let me know! (I, for one, am using my refund to buy a rig, but I also just changed my withholding to stop loaning the IRS money every year). Quote Share this post Link to post Share on other sites livendive 8 #14 February 16, 2005 Quote The same way as the rest of us. Blues, Dave"I AM A PROFESSIONAL EXTREME ATHLETE!" (drink Mountain Dew) Quote Share this post Link to post Share on other sites GTAVercetti 0 #15 February 16, 2005 Quote Did anyone else have this problem? How was I supposed ot know? I'm still in school.... I plead the fifth. of SoGo :-) Easy. IRS Withholding calculator Wow, you owe 4,000 dollars even AFTER having some taken out? Your two jobs must be bringing in a crapload of dough....I paid over 6 this year and I think I have a pretty good job. That seems like alot of tax for someone who is still in school. I think you caluclated wrongWhy yes, my license number is a palindrome. Thank you for noticing. Quote Share this post Link to post Share on other sites Buried 0 #16 February 16, 2005 ouch! I would def double check that Taxes suck, DOWN WITH GOVERNMENT!! Where is my fizzy-lifting drink? Quote Share this post Link to post Share on other sites flyhi 24 #17 February 16, 2005 QuoteThat seems like alot of tax for someone who is still in school. I think you caluclated wrong Used the IRS calculator for two jobs paying $20K and $15K, single, no dependents, no other income,... and the taxes will be $3659. Are you making between $35K and $40K a year as a student?Shit happens. And it usually happens because of physics. Quote Share this post Link to post Share on other sites akurtom 0 #18 February 16, 2005 I have two full time jobs. I research for the governemnt and I'm an assistant manager to a huge retail store. Yes is that answer. Blue Skies Quote Share this post Link to post Share on other sites flyhi 24 #19 February 16, 2005 QuoteYes is that answer. I salute you. You shouldn't be in school, you should be teaching school. How do you find time to skydive?Shit happens. And it usually happens because of physics. Quote Share this post Link to post Share on other sites selbbub78 0 #20 February 16, 2005 QuoteQuote Sorry that you're stuck with a huge tax burden - have you tried using TurboTax I came out pretty well this year all things considered. Ditto here... Although it sucked not being able to jump for 4 months, individualizing the medical expenses from my injury really paid off. CReW SKies,"Women fake orgasms - men fake whole relationships" – Sharon Stone "The world is my dropzone" (wise crewdog quote) "The light dims, until full darkness pierces into the world."-KDM Quote Share this post Link to post Share on other sites GTAVercetti 0 #21 February 16, 2005 QuoteQuoteThat seems like alot of tax for someone who is still in school. I think you caluclated wrong Used the IRS calculator for two jobs paying $20K and $15K, single, no dependents, no other income,... and the taxes will be $3659. Are you making between $35K and $40K a year as a student? No I do not make between those two numbers. So, did you have NO taxes withheld last year? You said you owe $4000 dollars, but the calculator says you owe less than that.Why yes, my license number is a palindrome. Thank you for noticing. Quote Share this post Link to post Share on other sites sunshine 2 #22 February 16, 2005 Same thing happened to me. My parttime job last year didn't take out enough taxes so now i owe. Suck it up and quit whining. ___________________________________________ meow I get a Mike hug! I get a Mike hug! Quote Share this post Link to post Share on other sites Buried 0 #23 February 16, 2005 sunshine go sit in the corner until you learn to play nice! Ha if you did that we'd never see you again Where is my fizzy-lifting drink? Quote Share this post Link to post Share on other sites sunshine 2 #24 February 16, 2005 You gonna join me in the corner? ___________________________________________ meow I get a Mike hug! I get a Mike hug! Quote Share this post Link to post Share on other sites Buried 0 #25 February 16, 2005 do you have cookies? Where is my fizzy-lifting drink? Quote Share this post Link to post Share on other sites Prev 1 2 Next Page 1 of 2 Join the conversation You can post now and register later. If you have an account, sign in now to post with your account. Note: Your post will require moderator approval before it will be visible. 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NWFlyer 2 #13 February 16, 2005 QuoteI came out pretty well this year all things considered. <---not a tax expert at all. but damn, if you figure that one out, let me know! (I, for one, am using my refund to buy a rig, but I also just changed my withholding to stop loaning the IRS money every year). Quote Share this post Link to post Share on other sites
livendive 8 #14 February 16, 2005 Quote The same way as the rest of us. Blues, Dave"I AM A PROFESSIONAL EXTREME ATHLETE!" (drink Mountain Dew) Quote Share this post Link to post Share on other sites
GTAVercetti 0 #15 February 16, 2005 Quote Did anyone else have this problem? How was I supposed ot know? I'm still in school.... I plead the fifth. of SoGo :-) Easy. IRS Withholding calculator Wow, you owe 4,000 dollars even AFTER having some taken out? Your two jobs must be bringing in a crapload of dough....I paid over 6 this year and I think I have a pretty good job. That seems like alot of tax for someone who is still in school. I think you caluclated wrongWhy yes, my license number is a palindrome. Thank you for noticing. Quote Share this post Link to post Share on other sites
Buried 0 #16 February 16, 2005 ouch! I would def double check that Taxes suck, DOWN WITH GOVERNMENT!! Where is my fizzy-lifting drink? Quote Share this post Link to post Share on other sites
flyhi 24 #17 February 16, 2005 QuoteThat seems like alot of tax for someone who is still in school. I think you caluclated wrong Used the IRS calculator for two jobs paying $20K and $15K, single, no dependents, no other income,... and the taxes will be $3659. Are you making between $35K and $40K a year as a student?Shit happens. And it usually happens because of physics. Quote Share this post Link to post Share on other sites
akurtom 0 #18 February 16, 2005 I have two full time jobs. I research for the governemnt and I'm an assistant manager to a huge retail store. Yes is that answer. Blue Skies Quote Share this post Link to post Share on other sites
flyhi 24 #19 February 16, 2005 QuoteYes is that answer. I salute you. You shouldn't be in school, you should be teaching school. How do you find time to skydive?Shit happens. And it usually happens because of physics. Quote Share this post Link to post Share on other sites
selbbub78 0 #20 February 16, 2005 QuoteQuote Sorry that you're stuck with a huge tax burden - have you tried using TurboTax I came out pretty well this year all things considered. Ditto here... Although it sucked not being able to jump for 4 months, individualizing the medical expenses from my injury really paid off. CReW SKies,"Women fake orgasms - men fake whole relationships" – Sharon Stone "The world is my dropzone" (wise crewdog quote) "The light dims, until full darkness pierces into the world."-KDM Quote Share this post Link to post Share on other sites
GTAVercetti 0 #21 February 16, 2005 QuoteQuoteThat seems like alot of tax for someone who is still in school. I think you caluclated wrong Used the IRS calculator for two jobs paying $20K and $15K, single, no dependents, no other income,... and the taxes will be $3659. Are you making between $35K and $40K a year as a student? No I do not make between those two numbers. So, did you have NO taxes withheld last year? You said you owe $4000 dollars, but the calculator says you owe less than that.Why yes, my license number is a palindrome. Thank you for noticing. Quote Share this post Link to post Share on other sites
sunshine 2 #22 February 16, 2005 Same thing happened to me. My parttime job last year didn't take out enough taxes so now i owe. Suck it up and quit whining. ___________________________________________ meow I get a Mike hug! I get a Mike hug! Quote Share this post Link to post Share on other sites
Buried 0 #23 February 16, 2005 sunshine go sit in the corner until you learn to play nice! Ha if you did that we'd never see you again Where is my fizzy-lifting drink? Quote Share this post Link to post Share on other sites
sunshine 2 #24 February 16, 2005 You gonna join me in the corner? ___________________________________________ meow I get a Mike hug! I get a Mike hug! Quote Share this post Link to post Share on other sites
Buried 0 #25 February 16, 2005 do you have cookies? Where is my fizzy-lifting drink? Quote Share this post Link to post Share on other sites
