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[OT] I'm In Shock!
We just got back from H&R Block. We owe *FOUR THOUSAND SIX HUNDRED DOLLARS*
to the IRS! thud -- Hugs, CatNipped http://www.PossiblePlaces.com/CatNipped/ |
CatNipped wrote:
We just got back from H&R Block. We owe *FOUR THOUSAND SIX HUNDRED DOLLARS* to the IRS! thud Oh, that SUCKS! Mega purrs from Persia, gentle birdie chirps from Peaches and my version of prayers for you. Jill (doesn't want to think about next years taxes since she's been dipping into her IRA - granted, article 590 says I can in my circumstances but they will find a way to screw me) |
"jmcquown" wrote in message
. .. CatNipped wrote: We just got back from H&R Block. We owe *FOUR THOUSAND SIX HUNDRED DOLLARS* to the IRS! thud Oh, that SUCKS! Mega purrs from Persia, gentle birdie chirps from Peaches and my version of prayers for you. Jill (doesn't want to think about next years taxes since she's been dipping into her IRA - granted, article 590 says I can in my circumstances but they will find a way to screw me) That's what killed us. We had huge credit card bills so we figured we'd get some money out of the IRA to pay them off and save all those interest charges. So we got $26,000 out and held out almost $6,000 for taxes for that. But on *TOP* of that the IRS charged us a $2,600 penalty!!!! The freaking government is charging us for using our own freaking money!!!!!!!!!!!!!! AAAAARRRRRRRRGGGGGGGGGGHHHHHHHHHHHHH!! Hugs, CatNipped |
CatNipped wrote:
"jmcquown" wrote in message . .. CatNipped wrote: We just got back from H&R Block. We owe *FOUR THOUSAND SIX HUNDRED DOLLARS* to the IRS! thud Oh, that SUCKS! Mega purrs from Persia, gentle birdie chirps from Peaches and my version of prayers for you. Jill (doesn't want to think about next years taxes since she's been dipping into her IRA - granted, article 590 says I can in my circumstances but they will find a way to screw me) That's what killed us. We had huge credit card bills so we figured we'd get some money out of the IRA to pay them off and save all those interest charges. So we got $26,000 out and held out almost $6,000 for taxes for that. But on *TOP* of that the IRS charged us a $2,600 penalty!!!! The freaking government is charging us for using our own freaking money!!!!!!!!!!!!!! AAAAARRRRRRRRGGGGGGGGGGHHHHHHHHHHHHH!! Hugs, CatNipped Yeah, BUT, IRA's are funds set aside pre-taxes. When I got my partial distributions I had them withhold tax. I also talked with my tax advisor AND with an IRS Rep. I'm unemployed, my sole income is ME and I have medical expenses so I allegedly qualify for partial distributions without the penalty for early withdrawal. We shall see next year. I'm still sorry to hear you got hit so hard. That sucks. They really shouldn't tax retirement savings, IMHO. Jill |
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"Karen" wrote in message
... in article , CatNipped at wrote on 4/13/05 8:06 PM: We just got back from H&R Block. We owe *FOUR THOUSAND SIX HUNDRED DOLLARS* to the IRS! thud -- Hugs, CatNipped http://www.PossiblePlaces.com/CatNipped/ I hear you. I'm going with a payment plan. We're going to try to get a signature loan from my credit union - it would probably be *way* less interest (and penalties) than the IRS will charge. It's just so ironic that what we did to get us out of debt is ending up putting us back *in* debt! sigh Hugs, CatNipped |
On Wed, 13 Apr 2005 20:17:18 -0500, "CatNipped"
wrote: "jmcquown" wrote in message ... Jill (doesn't want to think about next years taxes since she's been dipping into her IRA - granted, article 590 says I can in my circumstances but they will find a way to screw me) That's what killed us. We had huge credit card bills so we figured we'd get some money out of the IRA to pay them off and save all those interest charges. So we got $26,000 out and held out almost $6,000 for taxes for that. But on *TOP* of that the IRS charged us a $2,600 penalty!!!! The freaking government is charging us for using our own freaking money!!!!!!!!!!!!!! AAAAARRRRRRRRGGGGGGGGGGHHHHHHHHHHHHH!! Makes me glad I'm having them hold 10% for the early withdrawal penalty and another 15% for taxes whenever I've dipped into my IRA/401K. Good old Infernal Revenue Service. :p The only good thing about April 15 is that it's a certain someone's purrday. Jeanne Hedge, as directed by Natasha ============ http://www.jhedge.com |
"Jeanne Hedge" wrote in message
... On Wed, 13 Apr 2005 20:17:18 -0500, "CatNipped" wrote: "jmcquown" wrote in message ... Jill (doesn't want to think about next years taxes since she's been dipping into her IRA - granted, article 590 says I can in my circumstances but they will find a way to screw me) That's what killed us. We had huge credit card bills so we figured we'd get some money out of the IRA to pay them off and save all those interest charges. So we got $26,000 out and held out almost $6,000 for taxes for that. But on *TOP* of that the IRS charged us a $2,600 penalty!!!! The freaking government is charging us for using our own freaking money!!!!!!!!!!!!!! AAAAARRRRRRRRGGGGGGGGGGHHHHHHHHHHHHH!! Makes me glad I'm having them hold 10% for the early withdrawal penalty and another 15% for taxes whenever I've dipped into my IRA/401K. Good old Infernal Revenue Service. :p But that's what we withheld - 26%. And they charged us $2,600 on *top* of that! The only good thing about April 15 is that it's a certain someone's purrday. Happy purrday! Hugs, CatNipped Jeanne Hedge, as directed by Natasha ============ http://www.jhedge.com |
On Wed, 13 Apr 2005 20:43:41 -0500, "CatNipped"
wrote: "Jeanne Hedge" wrote in message .. . The only good thing about April 15 is that it's a certain someone's purrday. Happy purrday! Not mine! That's not for a while yet. But I'll be sure to let you all know to whom the appropriate greetings may be directed when the day comes around ^.^ Jeanne Hedge, as directed by Natasha ============ http://www.jhedge.com |
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