What are you doing with your tax return?


Let's have fun filling up this thread with even dream spendings:
Answer in two parts the first one will neglect WAF and the second one with WAF presence.
128x128marakanetz
WAF wants a pellet stove insert for the fireplace.
I will take a pair of Nautilus 803.


You should never have a refund if you want to eliminate WAF control of the refund. If you plan your withholding or paid estimated tax properly, there won't be a refund. If you're sure your income will be higher, all you need to pay in is an amount equal to your prior year tax (110% for you high income folks). This is the safe harbor; no penalty no matter how much more you owe on April 15th.
Enjoy!! Sugarbrie CPA

If Marankenetz and the others were talking about the $600 check you got courtesy Prez (cough, cough) Bush, then you should have read the fine print. Its not a refund, its an advance against your 2001 refund, if you overpay your withholding and/or estimateds. If you underpay, then you'll owe $600 more!!! Some refund. It was all smoke and mirrors. As for me, all I ever do come 4/15 is write big checks to Uncle.
Like Albertporter et al, I usually wind up paying, although only ~3k. This year I owed $3,600.00 & since I decided to stop operating as an independent, I'm paying my taxes on the installment plan. Of course, the $600.00 rebate went towards the taxes owed. When we get our 1040 refund this year, both WAF scenarios dictate a new sofa. Gotta have somewhere to sit to listen to the tunes, eh?
The WAF has been replaced in my house by the BNF factor (Baby Needs Food). I just finsished replacing a majority of my system and want only for a new digital front end right now. If the return is big enough I'll get a tricked out MSB Link III ,replace some of my cables and be done for quite a while.

The rebate? I think we bought a new window for the baby's room with that.
I already spent my $600.. on a used Rega Planet.. it's great! 1st CD player I ever owned.. (I'm a die hard rega ANALOG fan)