Lukikus2
Senior Member
And was it legit?
Welcome Guest!
What is the most you owed Uncle Sam?
- Thread starter Lukikus2
- Start date
notnksnemor
The Great and Powerful Oz
My life.
But I signed up for it.
But I signed up for it.
sinclair1
Senior Member
Thankfully never had to be late. Owed a good bit last year.
oldfella1962
Senior Member
About 4K or so a few years back. Normally I get 4K back, so I was a bit chagrined.
What happened was when another company got our contract (happens a lot in gub'mint contracting) and we were rushed into a room to fill out paperwork and told we could ask questions later (pass the bill and then find out what's in it?)
and long story short the new company wasn't taking enough out of my taxes! It happened to be a year when the tax forms/laws/procedures changed a bit, so it was the perfect storm for a few employees taking it on the chin.
What happened was when another company got our contract (happens a lot in gub'mint contracting) and we were rushed into a room to fill out paperwork and told we could ask questions later (pass the bill and then find out what's in it?)
and long story short the new company wasn't taking enough out of my taxes! It happened to be a year when the tax forms/laws/procedures changed a bit, so it was the perfect storm for a few employees taking it on the chin.
basstrkr
Senior Member
Do like they do, write a check.
earlthegoat2
Senior Member
I didn’t file estimated taxes for a year and ended up paying only around $20,000.
I had the money saved in my tax account I just didn’t bother filing quarterly.
IRS didn’t like it but they didn’t charge me any extra.
I had the money saved in my tax account I just didn’t bother filing quarterly.
IRS didn’t like it but they didn’t charge me any extra.
jiminbogart
TCU Go Frawgs !
267k last year.
More back in the day before I retired.
edit: I started think about the numbers and went back and checked. Them years all be running together.
More back in the day before I retired.
edit: I started think about the numbers and went back and checked. Them years all be running together.
Last edited:
livinoutdoors
Goatherding non socialist bohemian luddite
Aint none of it legit, but they take it just the same.
Batjack
Cap`n Jack 1313
Yeah, it was supposed to end after WWII was paid off... guess it cost a lot more that our best generation had to offer.
Baroque Brass
Senior Member
Well they need it to keep all the social programs going.
Lukikus2
Senior Member
menhadenman
Senior Member
Wish I knew an account that’d deliver $13k of interest on a $75k deposit. Strange how elected politicians and alphabet agencies do so well in this dicey environment.
Lukikus2
Senior Member
Right! He wins (or looses) hands down.
I`m more concerned with how much the thieving buzzards owe me.
I wish them the very worst.
I wish them the very worst.
jdgator
Senior Member
Lilly001
Senior Member
My total tax bill is usually 30-40k.
I, nor Wifey, have not withdrawn any 401k funds this year. But I do have timber income.
I’m hoping my total tax bill is lower this year.
But since I’ll be paying others tuition bills it may not be.
I, nor Wifey, have not withdrawn any 401k funds this year. But I do have timber income.
I’m hoping my total tax bill is lower this year.
But since I’ll be paying others tuition bills it may not be.
Tight Lines
Senior Member
Ouch
jiminbogart
TCU Go Frawgs !
The numbers didn't make sense in my head. Went back and checked and I had the wrong year. Last year was only 267k.
