Jump to content
IGNORED

IRS

Abu3baid

By Abu3baid,
in The Grill Room

 Share
Note: This thread is 3661 days old. We appreciate that you found this thread instead of starting a new one, but if you plan to post here please make sure it's still relevant. If not, please start a new topic. Thank you!

Recommended Posts

Abu3baid Great Member

Abu3baid

Well I'm sure the subject says it all.. I'm going to make this as short and simple as I can. 1. I actually filed my 2012 taxes 2. I claimed the child credit for my 2 kids 3. I claimed my wages and with-holdings from the w2 I recieved. 4. I submitted my earnings from overseas for the remaining time I spent over seas. I should have been getting a refund but instead the IRS came back with their findings on an investigation they started. 1. They want verification that the two kids lived with me for half the tax year (but at least they said they can confirm that they are my kids with out the need for verification) 2. They want verification that I made money in the US and that there were actual with-holdings by having the company in the US send that info on letter head(apparently the w2 is not suffecient enough for them) 3. The are disallowing the value if earnings from overseas unless I provide another letter from the employer. 4. Net result? I will owe them nothing and they are not going to refund me anything I'm not sure what planet these guys are in but I can't believe that they are serious about these things? I guess I should just be thankfull that they didn't say I owe them anything! For now I'm willing to forgo the refund I know they owe me just to stop dealing with them! Oh well!

:adams: / :tmade: / :edel: / :aimpoint: / :ecco: / :bushnell: / :gamegolf: / 

Eyad

Link to comment
Share on other sites
Awards, Achievements, and Accolades
1
1
1

Hammer 4 Great Member

Hammer 4

As someone that has dealt with the IRS in the past, and gets taxed to the hilt at present, I only have 3 things to say about the irs....The IRS SUCKS..

Hope you get your situation sorted out, in your favor.

Link to comment
Share on other sites
Awards, Achievements, and Accolades
1

hilmar2k Well Established Member

hilmar2k

Honestly, getting a refund is a terrible financial decision. You just gave the government an interest free loan. Adjust your with-holdings so that you owe them slightly at the end of the year. Really, the best bet is to owe them as much as possible without being subjected to fines.

Link to comment
Share on other sites
Awards, Achievements, and Accolades
1
1

  • Administrator
iacas Hall of Fame Member

iacas

  • Administrator
Honestly, getting a refund is a terrible financial decision. You just gave the government an interest free loan. Adjust your with-holdings so that you owe them slightly at the end of the year. Really, the best bet is to owe them as much as possible without being subjected to fines.

Meh. So long as you don't owe them a LOT, the amount of money you could make off interest sitting in your checking account (which probably doesn't even get interest) is pretty minimal. I think calling it a "terrible financial decision" is overstating things by about a factor of ten.

Heck, I got $950 or so back this year… and just applied it to the pre-paying I'm doing for my taxes this year, further "extending" the loan, basically.

I don't worry about small amounts of money here and there if I can save on stress and other things.

Erik J. Barzeski — ⛳ I knock a ball. It goes in a gopher hole. 🏌🏼‍♂️
Director of Instruction Golf Evolution • Owner, The Sand Trap .com • Author, Lowest Score Wins
Golf Digest "Best Young Teachers in America" 2016-17 & "Best in State" 2017-20 • WNY Section PGA Teacher of the Year 2019 :edel: :true_linkswear:

Check Out: New Topics | TST Blog | Golf Terms | Instructional Content | Analyzr | LSW | Instructional Droplets

Link to comment
Share on other sites
Awards, Achievements, and Accolades
1
1
1
1
1
1
1
1
1

Abu3baid Great Member

Abu3baid

  • Author

As someone that has dealt with the IRS in the past, and gets taxed to the hilt at present, I only have 3 things to say about the irs....The IRS SUCKS..

Hope you get your situation sorted out, in your favor.

No one likes the IRS (as far as I know or believe anyway)  :)

It seems to me that they just wanted to give me a hard time so they went to the extreme of asking things like "prove that your kids lived with you?"  when is the last time someone was asked to do that??  Or when was the last person who was told "ya, your W2 is not enough evidence of your income and with-holding?"  it's like WTF?? really??

Anyway, ya they are keeping money that I believe that they owe me, but I am going to have to go through hoops to get my old company to send a letter and for me to get my kids doctor to get me some evidence that we went to see them for my kid to get immunizations there.

Honestly, getting a refund is a terrible financial decision. You just gave the government an interest free loan. Adjust your with-holdings so that you owe them slightly at the end of the year. Really, the best bet is to owe them as much as possible without being subjected to fines.

It isn't always the best case scenario, but like Erik mentioned it is sometimes the safer option rather than having to set money aside, and especially since I'm not talking about hundred of thousands that I am paying in taxes.. If that was the case then I would be looking at thing differently..

:adams: / :tmade: / :edel: / :aimpoint: / :ecco: / :bushnell: / :gamegolf: / 

Eyad

Link to comment
Share on other sites
Awards, Achievements, and Accolades
1
1
1

cipher Super Member

cipher

It is not always as simple as adjusting your with-holdings accordingly either. Especially for a shareholder of an s-corp. You can only claim one, have married status, a couple kids and still end up owing...a good amount back on unearned corporate gains.

Nate

:pxg:(10.5) :benhogan:(4W):titleist:U500(3UI) :benhogan: Icon(4-PW) :edel:(52/58)

:odyssey:Putter :snell: MTB Black  

Link to comment
Share on other sites
Awards, Achievements, and Accolades
1
1
1
1
1
1

Note: This thread is 3661 days old. We appreciate that you found this thread instead of starting a new one, but if you plan to post here please make sure it's still relevant. If not, please start a new topic. Thank you!

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share
Go to topic listing


  • Want to join this community?

    We'd love to have you!

    Sign Up

  • TST Partners

    TourStriker PlaneMate
    Golfer's Journal
    ShotScope
    The Stack System
    FlightScope Mevo
    Direct: Mevo, Mevo+, and Pro Package.

    Coupon Codes (save 10-15%): "IACAS" for Mevo/Stack, "IACASPLUS" for Mevo+/Pro Package, and "THESANDTRAP" for ShotScope.

  • Posts

    • Maroon88
      Favorite Las Vegas Course

      By Maroon88 ·

      I've played Bali Hai, Bear's Best and Painted Desert. I enjoyed Bali Hai the most--course was in great shape, friendly staff and got paired in a great group. Bear's Best greens were very fast, didn't hold the ball well (I normally have enough spin to stop the ball after 1-2 hops).  The sand was different on many holes. Some were even dark sand (recreation of holes from Hawaii). Unfortunately I was single and paired with a local "member" who only played the front 9.  We were stuck behind a slow 4-some who wouldn't let me through even when the local left. Painted Desert was decent, just a bit far from the Strip where we were staying.
    • StuM
      Wordle Daily Puzzle

      By StuM ·

      Wordle 1,035 3/6 ⬜🟨🟨🟩⬜ 🟨🟨🟩🟩🟩 🟩🟩🟩🟩🟩 Just lipped out that Eagle putt, easy tab-in Birdie
    • DaHolla
      "5 Minutes Daily" Practice Challenge

      By DaHolla ·

      Day 106 - Worked on chipping/pitching. Focus was feeling the club fall to the ground as my body rotated through. 
    • DeadMan
      My Swing (billchao)

      By DeadMan ·

      Honestly, unless there's something about that rough there that makes it abnormally penal or a lost ball likely, this might be the play. I don't know how the mystrategy cone works, but per LSW, you don't use every shot for your shot zones. In that scatter plot, you have no balls in the bunker, and 1 in the penalty area. The median outcome seems to be a 50 yard pitch. Even if you aren't great from 50 yards, you're better off there than in a fairway bunker or the penalty area on the right of the fairway. It could also be a strategy you keep in your back pocket if you need to make up ground. Maybe this is a higher average score with driver, but better chance at a birdie. Maybe you are hitting your driver well and feel comfortable with letting one rip.  I get not wanting to wait and not wanting to endanger people on the tee, but in a tournament, I think I value playing for score more than waiting. I don't value that over hurting people, but you can always yell fore 😆 Only thing I would say is I'm not sure whether that cone is the best representation of the strategy (see my comment above about LSW's shot zones). To me, it looks like a 4 iron where you're aiming closer to the bunker might be the play. You have a lot of shots out to the right and only a few to the left. Obviously, I don't know where you are aiming (and this is a limitation of MyStrategy), but it seems like most of your 4 iron shots are right. You have 2 in the bunker but aiming a bit closer to the bunker won't bring more of your shots into the bunker. It does bring a few away from the penalty area on the right.  This could also depend on how severe the penalties are for missing the green. Do you need to be closer to avoid issues around the green?  It's not a bad strategy to hit 6 iron off the tee, be in the fairway, and have 150ish in. I'm probably overthinking this.
    • DeadMan
      "5 Minutes Daily" Practice Challenge

      By DeadMan ·

      Day 283: Putted on my mat for a while watching an NLU video. Worked on keeping my head still primarily, and then making sure my bead is okay.
×
×
  • Create New...

Important Information

Welcome to TST! Signing up is free, and you'll see fewer ads and can talk with fellow golf enthusiasts! By using TST, you agree to our Terms of Use, our Privacy Policy, and our Guidelines.

  I accept
The popup will be closed in 10 seconds...