# Oh, fuck. I have to do my taxes, don't I? **URL:** \ **Category:** The BBQ Pit\ **Created:** [April 1, 2009, 8:37pm UTC](https://boards.straightdope.com/t/oh-fuck-i-have-to-do-my-taxes-dont-i/491636 "2009-04-01T20:37:29Z")\ **Posts on this page:** 20\ **Page:** 2
**Author:** ![Yeticus\_Rex](https://avatars.discourse-cdn.com/v4/letter/y/a698b9/32.png) [@Yeticus\_Rex](https://boards.straightdope.com/u/Yeticus_Rex)\ **Post date:** [April 2, 2009, 5:49am UTC](https://boards.straightdope.com/t/oh-fuck-i-have-to-do-my-taxes-dont-i/491636/21 "2009-04-02T05:49:09Z")
You _could_ file for an extension…for up to 6 months! Just make sure you don’t owe anything because you will still be penalized for any outstanding amounts, plus interest. Unlike me, you _really_ don’t know what real procrastination is. Yeticus Rex (whose CPA automatically files my extensions for me for the last 3 years) ---
**Author:** ![gigi](https://avatars.discourse-cdn.com/v4/letter/g/a587f6/32.png) [@gigi](https://boards.straightdope.com/u/gigi)\ **Post date:** [April 2, 2009, 3:02pm UTC](https://boards.straightdope.com/t/oh-fuck-i-have-to-do-my-taxes-dont-i/491636/22 "2009-04-02T15:02:05Z")
> [@Frank](#): > > Refunds this year, for a change. Both mine were done in January. Yep, that money was spent months ago. ---
**Author:** ![friedo](https://avatars.discourse-cdn.com/v4/letter/f/8edcca/32.png) [@friedo](https://boards.straightdope.com/u/friedo)\ **Post date:** [April 3, 2009, 1:57am UTC](https://boards.straightdope.com/t/oh-fuck-i-have-to-do-my-taxes-dont-i/491636/23 "2009-04-03T01:57:57Z")
> [@Yeticus\_Rex](#): > > You _could_ file for an extension…for up to 6 months! Just make sure you don’t owe anything because you will still be penalized for any outstanding amounts, plus interest. I used to have to file for an extension every year (or rather my CPA did), because the family business in which I am a small shareholder never had their shit done on time. Now they usually manage to stay on top of things, though. ---
**Author:** ![tumbleddown](https://avatars.discourse-cdn.com/v4/letter/t/e9bcb4/32.png) [@tumbleddown](https://boards.straightdope.com/u/tumbleddown)\ **Post date:** [April 3, 2009, 2:01am UTC](https://boards.straightdope.com/t/oh-fuck-i-have-to-do-my-taxes-dont-i/491636/24 "2009-04-03T02:01:03Z")
I did mine on the first of January. Got a refund of $9. Best year ever. I work so hard to make my refund as small as possible without owing, I feel like I won the lottery. Well, at least with the feds. I owed Pennsylvania. $6. I had enough left to get a Blizzard. Worked for me. ---
**Author:** ![Zeriel](https://avatars.discourse-cdn.com/v4/letter/z/58956e/32.png) [@Zeriel](https://boards.straightdope.com/u/Zeriel)\ **Post date:** [April 3, 2009, 2:28pm UTC](https://boards.straightdope.com/t/oh-fuck-i-have-to-do-my-taxes-dont-i/491636/25 "2009-04-03T14:28:42Z")
I’m still waiting for my statement from my 401k telling me I lost a fucking lot of money last year so that I can break even instead of owning a few hundred, like my tax program is currently estimating. ---
**Author:** ![Cosmopolitan](https://avatars.discourse-cdn.com/v4/letter/c/94ad74/32.png) [@Cosmopolitan](https://boards.straightdope.com/u/Cosmopolitan)\ **Post date:** [April 3, 2009, 9:03pm UTC](https://boards.straightdope.com/t/oh-fuck-i-have-to-do-my-taxes-dont-i/491636/26 "2009-04-03T21:03:17Z")
Did my taxes a bit less than a week ago. Between my state & federal, I owe over half a grand (even though I make about twelve cents in salary): I hold two jobs & make crap at both, but make a nearly decent amount when the two salaries’re put together. Neither job takes out enough during the year, not knowing I’m making more in total than they’re each giving me. Hence, I owe, even though I claim 0 on both. And NY always takes it out of your ass, anyway. I try to remember that, y’know, I’m getting something for the money… Still burns me. ---
**Author:** ![dgrdfd](https://avatars.discourse-cdn.com/v4/letter/d/eb8c5e/32.png) [@dgrdfd](https://boards.straightdope.com/u/dgrdfd)\ **Post date:** [April 3, 2009, 10:52pm UTC](https://boards.straightdope.com/t/oh-fuck-i-have-to-do-my-taxes-dont-i/491636/27 "2009-04-03T22:52:34Z")
> [@Zeriel](#): > > I’m still waiting for my statement from my 401k telling me I lost a fucking lot of money last year so that I can break even instead of owning a few hundred, like my tax program is currently estimating. What do the losses in your 401k have to do with anything? I don’t believe you can tax loss harvest from your 401k. ---
**Author:** ![elfkin477](https://avatars.discourse-cdn.com/v4/letter/e/a9a28c/32.png) [@elfkin477](https://boards.straightdope.com/u/elfkin477)\ **Post date:** [April 4, 2009, 3:18am UTC](https://boards.straightdope.com/t/oh-fuck-i-have-to-do-my-taxes-dont-i/491636/28 "2009-04-04T03:18:53Z")
The OP doesn’t need to pay his taxes if he can get a cabinet appointment. ---
**Author:** ![Frank](https://avatars.discourse-cdn.com/v4/letter/f/3d9bf3/32.png) [@Frank](https://boards.straightdope.com/u/Frank)\ **Post date:** [April 4, 2009, 3:25am UTC](https://boards.straightdope.com/t/oh-fuck-i-have-to-do-my-taxes-dont-i/491636/29 "2009-04-04T03:25:03Z")
> [@Zeriel](#): > > I’m still waiting for my statement from my 401k telling me I lost a fucking lot of money last year so that I can break even instead of owning a few hundred, like my tax program is currently estimating. Your tax program is probably accurate; gains or losses in a 401k are not taxable. ---
**Author:** ![Zeriel](https://avatars.discourse-cdn.com/v4/letter/z/58956e/32.png) [@Zeriel](https://boards.straightdope.com/u/Zeriel)\ **Post date:** [April 4, 2009, 4:30am UTC](https://boards.straightdope.com/t/oh-fuck-i-have-to-do-my-taxes-dont-i/491636/30 "2009-04-04T04:30:56Z")
> [@Frank](#): > > Your tax program is probably accurate; gains or losses in a 401k are not taxable. So much for hope. =P Still want the 1099 for completeness’ sake, though. I could look at the bright side–this is the first year I got enough of a raise that I went up a tax bracket mid-year so I actually owe for a change. ---
**Author:** ![friedo](https://avatars.discourse-cdn.com/v4/letter/f/8edcca/32.png) [@friedo](https://boards.straightdope.com/u/friedo)\ **Post date:** [April 4, 2009, 10:10am UTC](https://boards.straightdope.com/t/oh-fuck-i-have-to-do-my-taxes-dont-i/491636/31 "2009-04-04T10:10:48Z")
> [@elfkin477](#): > > The OP doesn’t need to pay his taxes if he can get a cabinet appointment. I’m putting my name into consideration for Deputy Undersecretary of Agriculture for Nut and Legume Affairs. ---
**Author:** ![Cicero](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/cicero/32/3594_2.png) [@Cicero](https://boards.straightdope.com/u/Cicero)\ **Post date:** [April 4, 2009, 11:53am UTC](https://boards.straightdope.com/t/oh-fuck-i-have-to-do-my-taxes-dont-i/491636/32 "2009-04-04T11:53:15Z")
> [@PunditLisa](#): > > Because we lost so much money in the stock market last year, we actually got back $2k this year. 😛 ☹ Thats as good as a dry root. ---
**Author:** ![hopesperson](https://avatars.discourse-cdn.com/v4/letter/h/e95f7d/32.png) [@hopesperson](https://boards.straightdope.com/u/hopesperson)\ **Post date:** [April 4, 2009, 12:39pm UTC](https://boards.straightdope.com/t/oh-fuck-i-have-to-do-my-taxes-dont-i/491636/33 "2009-04-04T12:39:36Z")
> [@Zeriel](#): > > So much for hope. =P Still want the 1099 for completeness’ sake, though. I don’t think you get a 1099 for a 401(k), since the taxes are deferred. ---
**Author:** ![Chief\_Pedant](https://avatars.discourse-cdn.com/v4/letter/c/a6a055/32.png) [@Chief\_Pedant](https://boards.straightdope.com/u/Chief_Pedant)\ **Post date:** [April 4, 2009, 3:24pm UTC](https://boards.straightdope.com/t/oh-fuck-i-have-to-do-my-taxes-dont-i/491636/34 "2009-04-04T15:24:42Z")
What are you, some sort of total amateur procrastinator? [http://www.irs.gov/formspubs/article/0,,id=98155,00.html](http://www.irs.gov/formspubs/article/0,,id=98155,00.html) > **[f4868.pdf](https://www.irs.gov/pub/irs-pdf/f4868.pdf)** > > 516.49 KB Six months w/ a couple clicks. Don’t forget to write a check for at least a few bucks if you think you’ll end up owing something. Do the rest of the calculation when the true time of procrastination has ended. You’ll have to pay interest (but not likely any significant penalty) on any balance. ---
**Author:** ![LilyoftheValley](https://avatars.discourse-cdn.com/v4/letter/l/54ee81/32.png) [@LilyoftheValley](https://boards.straightdope.com/u/LilyoftheValley)\ **Post date:** [April 4, 2009, 3:37pm UTC](https://boards.straightdope.com/t/oh-fuck-i-have-to-do-my-taxes-dont-i/491636/35 "2009-04-04T15:37:54Z")
> [@Cosmopolitan](#): > > Did my taxes a bit less than a week ago. Between my state & federal, I owe over half a grand (even though I make about twelve cents in salary): > > I hold two jobs & make crap at both, but make a nearly decent amount when the two salaries’re put together. Neither job takes out enough during the year, not knowing I’m making more in total than they’re each giving me. Hence, I owe, even though I claim 0 on both. I have my employer take out a flat sum per pay period on top of my 0 exemptions claim. Works for me. ---
**Author:** ![Zeriel](https://avatars.discourse-cdn.com/v4/letter/z/58956e/32.png) [@Zeriel](https://boards.straightdope.com/u/Zeriel)\ **Post date:** [April 4, 2009, 4:59pm UTC](https://boards.straightdope.com/t/oh-fuck-i-have-to-do-my-taxes-dont-i/491636/36 "2009-04-04T16:59:06Z")
> [@hopesperson](#): > > I don’t think you get a 1099 for a 401(k), since the taxes are deferred. I thought I ought to this year, since I changed my 401k plan–I got a 1099R from the old one detailing the disbursement-to-another-401k-provider, should I not be expecting a symmetrical one from the new one? ---
**Author:** ![Rand\_Rover](https://avatars.discourse-cdn.com/v4/letter/r/db5fbb/32.png) [@Rand\_Rover](https://boards.straightdope.com/u/Rand_Rover)\ **Post date:** [April 4, 2009, 9:08pm UTC](https://boards.straightdope.com/t/oh-fuck-i-have-to-do-my-taxes-dont-i/491636/37 "2009-04-04T21:08:22Z")
> [@Zeriel](#): > > I thought I ought to this year, since I changed my 401k plan–I got a 1099R from the old one detailing the disbursement-to-another-401k-provider, should I not be expecting a symmetrical one from the new one? I think you should not expect a 1099 from the new one. A 1099 reports income. It sounds like you may have rolled over a 401(k) in a taxable manner, so the 401(k) administrator sent you a 1099. But there’d be no reason for the new administrator to send you one again (because the income reported on the other one already occurred and gains or losses in your 401(k) have no current tax impact). ---
**Author:** ![Zeriel](https://avatars.discourse-cdn.com/v4/letter/z/58956e/32.png) [@Zeriel](https://boards.straightdope.com/u/Zeriel)\ **Post date:** [April 5, 2009, 3:39am UTC](https://boards.straightdope.com/t/oh-fuck-i-have-to-do-my-taxes-dont-i/491636/38 "2009-04-05T03:39:57Z")
> [@Rand\_Rover](#): > > I think you should not expect a 1099 from the new one. A 1099 reports income. It sounds like you may have rolled over a 401(k) in a taxable manner, so the 401(k) administrator sent you a 1099. But there’d be no reason for the new administrator to send you one again (because the income reported on the other one already occurred and gains or losses in your 401(k) have no current tax impact). It was actually a non-taxable manner, but for some reason I got what I thought were symmetrical ones last time I did this type of rollover. Upon checking my records I realize that’s because last time I did a non-taxable rollover I’d made contributions to the new 401k that same year, whereas this year I’m keeping new contributions back in CDs until I find a fund that’s actually performing. Oh well, my tax situation is so simple I don’t bother thinking about it, I suppose I’m reasonably happy that I went up in income (relatively) significantly and yet only owe a little bit over what was already withheld this past year. ---
**Author:** ![Mighty\_Girl](https://avatars.discourse-cdn.com/v4/letter/m/7bcc69/32.png) [@Mighty\_Girl](https://boards.straightdope.com/u/Mighty_Girl)\ **Post date:** [April 5, 2009, 9:55pm UTC](https://boards.straightdope.com/t/oh-fuck-i-have-to-do-my-taxes-dont-i/491636/39 "2009-04-05T21:55:32Z")
Hurray for me! I did it! Now, don’t you go about buying bombs with the few hundred bucks I gave you. ---
**Author:** ![Lightnin](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/lightnin/32/180_2.png) [@Lightnin](https://boards.straightdope.com/u/Lightnin)\ **Post date:** [April 5, 2009, 11:14pm UTC](https://boards.straightdope.com/t/oh-fuck-i-have-to-do-my-taxes-dont-i/491636/40 "2009-04-05T23:14:14Z")
We did ours yesterday. We usually do them much earlier, because, as a general rule, we look forward to getting some money as a refund. Not this year. Due to a family property sale, we’re having to pay almost $5k. Fuuuuuuuuuck. [Previous page](https://boards.straightdope.com/t/oh-fuck-i-have-to-do-my-taxes-dont-i/491636.md?page=1) [Next page](https://boards.straightdope.com/t/oh-fuck-i-have-to-do-my-taxes-dont-i/491636.md?page=3)