Peak Oil
Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

unexpected tax refund

What's on your mind?
General interest discussions, not necessarily related to depletion.
Post a reply

unexpected tax refund

Unread postby vtsnowedin » Thu 01 Jul 2010, 13:38:34

:?: Has anybody else on Peak Oil received a tax refund recently that they were not expecting?
A check came to me a few days ago from the feds. and in the front it says cy refund which would mean current year refund if I am not mistaken. It was for several hundred dollars but I was not expecting a refund as I owed them and paid them what I owed. No explanation like you would receive if you made a mistake and owed them, just the check. I wonder if this is an unannounced stimulus program. I don't dare spend it as some fool bureaucrat will come to his senses and want it back plus interest and penalties.
User avatar
vtsnowedin
Fusion
Fusion
 
Posts: 14897
Joined: Fri 11 Jul 2008, 03:00:00
Top

Re: unexpected tax refund

Unread postby Boo38 » Thu 01 Jul 2010, 14:06:06

I just got an unexpected, extra $800 refund from the IRS this week. They said I had missed claiming a "making work pay" credit, whatever that is. I haven't researched this at all, but I cashed it right away.
User avatar
Boo38
Wood
Wood
 
Posts: 21
Joined: Wed 26 Mar 2008, 03:00:00
Location: Randolph, Wisconsin
Top

Re: unexpected tax refund

Unread postby BicycleCommuter » Thu 01 Jul 2010, 14:59:33

Got $800 as well...I believe it referenced Schedule M.
User avatar
BicycleCommuter
Wood
Wood
 
Posts: 33
Joined: Thu 17 Feb 2005, 04:00:00
Location: Boulder, Colorado
Top

Re: unexpected tax refund

Unread postby Ludi » Thu 01 Jul 2010, 15:24:37

I also got the $800 "making work pay" refund.

8O :?: 8O
Ludi
 
Top

Re: unexpected tax refund

Unread postby Pops » Thu 01 Jul 2010, 17:04:43

Are you all self employed?

http://www.irs.gov/newsroom/article/0,, ... 22,00.html
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
User avatar
Pops
Elite
Elite
 
Posts: 19746
Joined: Sat 03 Apr 2004, 04:00:00
Location: QuikSac for a 6-Pac
Top

Re: unexpected tax refund

Unread postby EnergyUnlimited » Thu 01 Jul 2010, 17:14:31

Once you all start getting $hundreds in your mailbox every odd day, things will really begin to look interesting. :-D

While walking on open field you should watch for FED helicopters right now.
User avatar
EnergyUnlimited
Light Sweet Crude
Light Sweet Crude
 
Posts: 7537
Joined: Mon 15 May 2006, 03:00:00
Top

Re: unexpected tax refund

Unread postby Pretorian » Thu 01 Jul 2010, 18:32:30

You remember how US.gov got ahold of Arlington cemetery? They werent accepting farmer's tax payments and then foreclosed his land for failure to pay taxes. Perhaps this is a vice-versa sceme.
Pretorian
Light Sweet Crude
Light Sweet Crude
 
Posts: 4685
Joined: Sat 08 Apr 2006, 03:00:00
Location: Somewhere there
Top

Re: unexpected tax refund

Unread postby vtsnowedin » Thu 01 Jul 2010, 19:41:00

$this->bbcode_second_pass_quote('Pops', 'A')re you all self employed?

http://www.irs.gov/newsroom/article/0,, ... 22,00.html

I'm not.
So I'm not alone in this. Sense when do they make retroactive payments to people who chose not to apply for a credit. I wonder how many of these checks they sent out. The act of a desperate administration for sure.
User avatar
vtsnowedin
Fusion
Fusion
 
Posts: 14897
Joined: Fri 11 Jul 2008, 03:00:00
Top

Re: unexpected tax refund

Unread postby Tanada » Thu 01 Jul 2010, 19:54:58

Heck I filed April 15 and am still waiting for my regular refund, let alone a magic 800 dollar bonus refund!
$this->bbcode_second_pass_quote('Alfred Tennyson', 'W')e are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Tanada
Site Admin
Site Admin
 
Posts: 17094
Joined: Thu 28 Apr 2005, 03:00:00
Location: South West shore Lake Erie, OH, USA
Top

Re: unexpected tax refund

Unread postby the48thronin » Thu 01 Jul 2010, 22:42:49

$this->bbcode_second_pass_quote('Pretorian', 'Y')ou remember how US.gov got ahold of Arlington cemetery? They werent accepting farmer's tax payments and then foreclosed his land for failure to pay taxes. Perhaps this is a vice-versa sceme.



I checked to make sure I was right..... that farmer has an interesting history...

http://en.wikipedia.org/wiki/Arlington_National_Cemetery

$this->bbcode_second_pass_quote('', '&')quot;Arlington National Cemetery in Arlington County, Virginia, is a military cemetery in the United States of America, established during the American Civil War on the grounds of Arlington House, formerly the estate of the family of Confederate general Robert E. Lee's wife Mary Anna (Custis) Lee, a descendant of Martha Washington."


later in the wiki article

"

$this->bbcode_second_pass_quote('', 'T')he government had acquired Arlington at tax sale in 1864 for $26,800.[4] Mrs. Lee had not appeared in person, but rather had sent an agent, attempting to timely pay the $92.07 in property taxes assessed the estate.[5] The government turned away her agent, refusing to accept the tendered payment. In 1877, Custis Lee, heir under his grandfather's will passing the estate in trust to his mother, sued the United States claiming ownership of Arlington. After the U.S. Supreme Court ruled 5-4 in Lee's favor in 1882, deciding that Arlington had been confiscated without due process,[5] Congress returned the estate to him. The next year Custis Lee sold it back to the government for $150,000 at a signing ceremony with Robert Todd Lincoln, Secretary of War.[6]"
Malthusian Riders Member!

Courtesy and Courage Sincerity and Self-control Honor and Loyalty a Code to Live By!
What do the miners do when the canary dies? EVACUATE THE MINE not argue about the color of it's feathers or buy a parrot instead.

Where is my pitchfork and torch? I need them for a visit to the castle!
User avatar
the48thronin
Tar Sands
Tar Sands
 
Posts: 871
Joined: Fri 30 May 2008, 03:00:00
Location: On the highway, or the water somewhere!
Top

Re: unexpected tax refund

Unread postby Outcast_Searcher » Fri 02 Jul 2010, 01:07:22

$this->bbcode_second_pass_quote('vtsnowedin', ':')?: Has anybody else on Peak Oil received a tax refund recently that they were not expecting?


The "making work pay" credit is another Obama vote-buying boondoggle. According to a WSJ article I read a couple months back, so many million people were completely screwing this up on their tax forms that the IRS was going to check ALL forms and automatically correct / adjust for any such errors.

(And this is the same guy talking about how he's going to "fix the budget deficit" next year, with the help of THIS congress, no doubt.) :roll:

Enjoy your refund. Things have become so arbitrary that it's little wonder most folks are losing confidence in paper money (ahem - aside from those who want to hold long term govt. bonds paying almost nothing, of course).
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
User avatar
Outcast_Searcher
COB
COB
 
Posts: 10142
Joined: Sat 27 Jun 2009, 21:26:42
Location: Central KY
Top

Re: unexpected tax refund

Unread postby Sixstrings » Fri 02 Jul 2010, 01:42:59

Kind of funny that name, "making work pay." It's an admission that a lot of folks aren't being paid enough to live on, so now the government has to supplement paychecks so that "work pays."
User avatar
Sixstrings
Fusion
Fusion
 
Posts: 15160
Joined: Tue 08 Jul 2008, 03:00:00
Top

Re: unexpected tax refund

Unread postby eastbay » Fri 02 Jul 2010, 02:35:45

Got my $800 too, and the IRS advised me in a nice letter that next year I must execute the Form 'M' all by myself because the IRS won't do it for me any more. It's a two year thing, so next year will be the last for this odd hand out.
Got Dharma?

Everything is Impermanent. Shakyamuni Buddha
User avatar
eastbay
Expert
Expert
 
Posts: 7186
Joined: Sat 18 Dec 2004, 04:00:00
Location: One Mile From the Columbia River
Top

Re: unexpected tax refund

Unread postby vtsnowedin » Fri 02 Jul 2010, 15:35:55

$this->bbcode_second_pass_quote('eastbay', 'G')ot my $800 too, and the IRS advised me in a nice letter that next year I must execute the Form 'M' all by myself because the IRS won't do it for me any more. It's a two year thing, so next year will be the last for this odd hand out.

:badgrin: The same letter came to me today a week after the check. The fun part is the line that says the $7.00 interest has to be claimed as income next year. Wana place bets on the precentage of taxpayers get that right 4/15/11?
User avatar
vtsnowedin
Fusion
Fusion
 
Posts: 14897
Joined: Fri 11 Jul 2008, 03:00:00
Top

Re: unexpected tax refund

Unread postby SpringCreekFarm » Sat 03 Jul 2010, 09:01:25

I saw Obama say publicly a while ago that part of the stimulus package included a tax break for the middle class folks in the USA. It was on CNN and MSNBC. For those of you that watch fox news, perhaps those soundbites were not played. I don't know I don't watch it. 8)

I'm surprised that you folks didn't seem to know about it. :shock: I'm also surprised that some of you are cynical sounding over it as well. Would those of you that think its some kind of scam rather have the tax breaks go to corporations or the rich? :roll: There just seems to be no way of pleasing some folks. :cry:

Now go on out and spend that windfall on some preps and you'll have a definite win-win situation. :wink:
SpringCreekFarm
Tar Sands
Tar Sands
 
Posts: 936
Joined: Fri 03 Mar 2006, 04:00:00
Location: Canada
Top

Re: unexpected tax refund

Unread postby vtsnowedin » Sat 03 Jul 2010, 16:04:18

$this->bbcode_second_pass_quote('SpringCreekFarm', 'I') saw Obama say publicly a while ago that part of the stimulus package included a tax break for the middle class folks in the USA. It was on CNN and MSNBC. For those of you that watch fox news, perhaps those soundbites were not played. I don't know I don't watch it. 8)

I'm surprised that you folks didn't seem to know about it. :shock: I'm also surprised that some of you are cynical sounding over it as well. Would those of you that think its some kind of scam rather have the tax breaks go to corporations or the rich? :roll: There just seems to be no way of pleasing some folks. :cry:

Now go on out and spend that windfall on some preps and you'll have a definite win-win situation. :wink:

:twisted: I sound cynical because I am when it comes to the federal government. Sure I could go out and buy something for post peak life, perhaps a solar panel etc. but the feds borrowed the money to send me that check and I'm sure I will get to pay it all back plus interest before too long.
User avatar
vtsnowedin
Fusion
Fusion
 
Posts: 14897
Joined: Fri 11 Jul 2008, 03:00:00
Top
Post a reply

Return to Open Topic Discussion

Who is online

Users browsing this forum: No registered users and 1 guest



cron