What are you doing with your tax return? - Page 6

217Bimmer · 01-30-2013, 03:58 PM

your friend is a fvcking liar!!

and do you know what his company is withholding? they may be taking more than they should or doing something differently.

M3Inline6 · 01-30-2013, 04:32 PM

I'm just hoping that I don't owe.

VALMONT · 01-30-2013, 04:34 PM

Quote:

Originally Posted by M3Inline6

I'm just hoping that I don't owe.

ditto

MrEmitter · 02-16-2013, 11:12 PM

So I just did my tax today. I'm glad I don't owe. I'm actually getting money back. First off I'll be buying my e46 new front toyo tires. After other spending, and paying off credit cards, I have about $500 to spend on mods. But I doubt I'll be spending that much.

vorceb23 · 02-17-2013, 03:09 AM

My $93 towards mods and Chipotle

Carskibum · 02-17-2013, 09:26 AM

Savings account. And new pads, rotors and belts.

FadeToblack · 02-17-2013, 10:11 PM

Fergo_the_mule · 02-17-2013, 10:19 PM

^

so true

Sent from my Galaxy Note 2 using Bimmer App

SLVR JDM · 02-17-2013, 10:24 PM

I did most of my taxes tonight. Getting about $6k back, so obviously I need to adjust my withholdings.

I will be putting half in the bank. The other half will be used to replace some carpet on my steps (rest of the house is wood flooring) and possibly expand the patio to double the size.

E46Enthusiast20 · 02-17-2013, 10:50 PM

Buying a new set of keys with a little bit of my tax return. The rest in student bills.

oAllElseFailo · 02-17-2013, 11:11 PM

K1 ftl!!!!

learthworml · 02-18-2013, 09:43 AM

Bought a bunch of equipment at the end of 2012. Getting about 50k back from section 179. Gonna pay off the rest of my student loans over 4 percent.

evolved · 02-18-2013, 09:52 AM

Quote:

Originally Posted by learthworml

Bought a bunch of equipment at the end of 2012. Getting about 50k back from section 179. Gonna pay off the rest of my student loans over 4 percent.

Section 179 is one of the beautiful parts of the tax code for small business owners.

217Bimmer · 02-18-2013, 10:12 AM

Quote:

Originally Posted by learthworml

Bought a bunch of equipment at the end of 2012. Getting about 50k back from section 179. Gonna pay off the rest of my student loans over 4 percent.

can't you make more money by reinvesting that back in your business rather than paying off low interest student loans?

Redline · 02-18-2013, 12:28 PM

Put it in the bank

Fergo_the_mule · 02-18-2013, 12:56 PM

Fiancée and I decided to do a kitchen renovation

Sent from my Galaxy Note 2 using Bimmer App

M3Inline6 · 02-18-2013, 01:09 PM

If I get money back....paying off my last credit card.

learthworml · 02-18-2013, 02:20 PM

Quote:

Originally Posted by 217Bimmer

can't you make more money by reinvesting that back in your business rather than paying off low interest student loans?

I already invested as much as I need. Student loans are not tax deductible, so I want to get rid of the higher interest ones. The ones below 4 percent, I am going to keep.

new//M3fan · 02-18-2013, 03:34 PM

nothing. i had my taxes accurately withheld from my income and didn't provide an interest free loan to the government.

217Bimmer · 02-18-2013, 03:43 PM

Quote:

Originally Posted by new//M3fan

nothing. i had my taxes accurately withheld from my income and didn't provide an interest free loan to the government.

01-30-2013, 03:58 PM	#101
217Bimmer Registered User Join Date: May 2008 Location: IL Posts: 126 My Ride: 2001 BMW 330i View My Garage	your friend is a fvcking liar!! and do you know what his company is withholding? they may be taking more than they should or doing something differently. __________________

02-16-2013, 11:12 PM	#104
MrEmitter Registered User Join Date: Feb 2012 Location: Carlsbad, CA Posts: 218 My Ride: 2002 330ci View My Garage	So I just did my tax today. I'm glad I don't owe. I'm actually getting money back. First off I'll be buying my e46 new front toyo tires. After other spending, and paying off credit cards, I have about $500 to spend on mods. But I doubt I'll be spending that much. __________________

02-17-2013, 03:09 AM	#105
vorceb23 Registered User Join Date: Jun 2012 Location: Sarasota, FL Posts: 192 My Ride: 04 330i View My Garage	My $93 towards mods and Chipotle __________________ RIP T.R. 12/25/1994-05/03/2011

02-17-2013, 10:11 PM	#107
FadeToblack Registered User Join Date: Mar 2003 Location: Detroit MI Posts: 106 My Ride: 2003 accord coupe View My Garage	__________________

02-17-2013, 10:24 PM	#109
SLVR JDM Registered User Join Date: Nov 2005 Location: Work Posts: 1,501 My Ride: reclining rear seats View My Garage	I did most of my taxes tonight. Getting about $6k back, so obviously I need to adjust my withholdings. I will be putting half in the bank. The other half will be used to replace some carpet on my steps (rest of the house is wood flooring) and possibly expand the patio to double the size. __________________ Removed

02-17-2013, 10:50 PM	#110
E46Enthusiast20 Modded ///Member Join Date: Dec 2009 Location: Ludlow, Massachusetts Posts: 563 My Ride: 01 325i 3.0 Swap View My Garage	Buying a new set of keys with a little bit of my tax return. The rest in student bills. __________________ Last edited by E46Enthusiast20; 02-17-2013 at 10:50 PM.

02-17-2013, 11:11 PM	#111
oAllElseFailo Registered User Join Date: Mar 2009 Location: Palos Verdes Posts: 565 My Ride: 328Ci View My Garage	K1 ftl!!!! __________________

02-18-2013, 09:43 AM	#112
learthworml mod-er-at-or-er Join Date: Jul 2002 Location: Dallas, TX Posts: 1,190 My Ride: 2011 Tundra Crewmax View My Garage	Bought a bunch of equipment at the end of 2012. Getting about 50k back from section 179. Gonna pay off the rest of my student loans over 4 percent. __________________ mods: Kore Fox coilovers w/ 2.5" front lift , Fox Rear piggy backs w/ 1" rear lift, 305/65 18 BFG at/ko, TRD front Skid plate, console vault w/ HK p30 cocked and locked SQ sound system Seas Excel Mids, Seas Titanium Tweeters, JL Audio clean sweep, JL Audio 13tw5, Alpine PDX-4.150, Alpine PDX-1.600, PPI DCX-730 processor

02-18-2013, 12:28 PM	#115
Redline OEM ///Member Join Date: Dec 2009 Location: Somewhere Posts: 2,057 My Ride: E46, X3, Vette View My Garage	Put it in the bank __________________ k.

02-18-2013, 03:34 PM	#119
new//M3fan Registered User Join Date: Aug 2010 Location: Reston, VA Posts: 2,558 My Ride: 78' 924 87' E30 View My Garage	nothing. i had my taxes accurately withheld from my income and didn't provide an interest free loan to the government. __________________ F-BOMBS IN SIGS Bilstein HD's \| E30 M3 FCAB's \| H&R OE Sports \| FR strut bars \| Self tuned 027 chip \| KoseiK1's on R888's \| +crazy OCD things

Thread Tools	Search this Thread
Show Printable Version Email this Page	Search this Thread: Advanced Search
Display Modes	Rate This Thread
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode	Rate This Thread: