Comments on: $10,000 Tax Refund. WooHoo!!!!! http://www.spendingless101.com/2008/04/04/10000-tax-refund-woohoo/ Information on saving money, spending less money, and getting more for your money... Fri, 27 Jan 2012 04:30:36 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Lisa http://www.spendingless101.com/2008/04/04/10000-tax-refund-woohoo/comment-page-1/#comment-1368 Lisa Thu, 14 Jan 2010 22:41:35 +0000 http://www.spendingless101.com/?p=41#comment-1368 I am expecting a very large refund, over 10,000+ after filing for the refund, I usually have it within 10 days, will I have to wait longer with it being over 10,000? Or do I have to fill out additional paperwork similar to when someone makes a cash deposit over 10,000 into a bank account? Thanks! Your post was very helpful for my 2010 taxes! I'd rather have it throughout the year rather than a lump sum!! I am expecting a very large refund, over 10,000+ after filing for the refund, I usually have it within 10 days, will I have to wait longer with it being over 10,000? Or do I have to fill out additional paperwork similar to when someone makes a cash deposit over 10,000 into a bank account? Thanks! Your post was very helpful for my 2010 taxes! I’d rather have it throughout the year rather than a lump sum!!

]]> By: Frank http://www.spendingless101.com/2008/04/04/10000-tax-refund-woohoo/comment-page-1/#comment-1359 Frank Sat, 15 Aug 2009 10:09:58 +0000 http://www.spendingless101.com/?p=41#comment-1359 Always be careful to underpay your taxes! I had a tax debt with the IRS from a previous year I was in the process of correcting, when my wife and I filed jointly for the first time. She had always overpaid for what she thought was a good reason - for safety sake so she would not come up short at end of year. Her overpayment was immediately applied to my previous year debt since my SSN tied back to it. Had we just underpaid, we could have sent them a check for the difference and been done with it. Now we have to go through the process of fixing the previous debt, as well as hoping they accept the changes without an audit, before we can get our money back. Always be careful to underpay your taxes!

I had a tax debt with the IRS from a previous year I was in the process of correcting, when my wife and I filed jointly for the first time.

She had always overpaid for what she thought was a good reason – for safety sake so she would not come up short at end of year.

Her overpayment was immediately applied to my previous year debt since my SSN tied back to it.

Had we just underpaid, we could have sent them a check for the difference and been done with it. Now we have to go through the process of fixing the previous debt, as well as hoping they accept the changes without an audit, before we can get our money back.

]]> By: John Simpson http://www.spendingless101.com/2008/04/04/10000-tax-refund-woohoo/comment-page-1/#comment-1066 John Simpson Fri, 16 Jan 2009 17:15:28 +0000 http://www.spendingless101.com/?p=41#comment-1066 This won't be happening this year. I'll be lucky to get $500 back. So much for real estate investment. <abbr><em><abbr><em>John Simpsons last blog post..<a href="http://feeds.feedburner.com/~r/SpendingLess101/~3/513553332/" rel="nofollow">Rediscover Your Local Library</a></em></abbr></abbr></em> This won’t be happening this year. I’ll be lucky to get $500 back. So much for real estate investment.

John Simpsons last blog post..Rediscover Your Local Library

]]> By: A Month Of Savings Starts TODAY - 7/1 | Spending Less 101 http://www.spendingless101.com/2008/04/04/10000-tax-refund-woohoo/comment-page-1/#comment-163 A Month Of Savings Starts TODAY - 7/1 | Spending Less 101 Tue, 01 Jul 2008 06:17:05 +0000 http://www.spendingless101.com/?p=41#comment-163 [...] W-4 and the interest-free loan you are most-likely giving the government. You probably remember the post I made on getting a huge tax refund. If you go to borrow money, you will be charged interest by the lending institution. If you [...] [...] W-4 and the interest-free loan you are most-likely giving the government. You probably remember the post I made on getting a huge tax refund. If you go to borrow money, you will be charged interest by the lending institution. If you [...]

]]> By: John Simpson http://www.spendingless101.com/2008/04/04/10000-tax-refund-woohoo/comment-page-1/#comment-9 John Simpson Wed, 09 Apr 2008 15:30:54 +0000 http://www.spendingless101.com/?p=41#comment-9 I had a huge loss from my real estate investment company. I had a huge loss from my real estate investment company.

]]> By: AL http://www.spendingless101.com/2008/04/04/10000-tax-refund-woohoo/comment-page-1/#comment-6 AL Tue, 08 Apr 2008 20:35:03 +0000 http://www.spendingless101.com/?p=41#comment-6 What I want to know is how much do you pay in taxes that you get 12K back? My total tax bill is only 4K and I don't have any kids. What I want to know is how much do you pay in taxes that you get 12K back? My total tax bill is only 4K and I don’t have any kids.

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