Took an initial cut at taxes Sunday.....Since Susan and I both work and I draw retirement from NM.....Live in TX.....my employer is in NM.....NM has state income tax.....TX, like FL, does not (yeah, TX makes up on sales tax, property tax, auto registration, yadda-yadda-yadda.....)
Looks like we just about break even on the Fed side......gonna have to pay a bit on the NM side......makes my head want to explode:eek:
Short answer: Nope ain't dun yet
Status taxes 2011 done or not?
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JPG
- Platinum Member
- Posts: 35434
- Joined: Wed Dec 10, 2008 7:42 pm
- Location: Lexington, Ky (TAMECAT territory)
Done?! I thought this was February. Since little or no $ changes hands, there is no chomping at the bit anticipating a 'windfall'.
A whole lotta paper shuffling for naught.
A whole lotta paper shuffling for naught.
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╟JPG ╢
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Goldie(Bought New SN 377425)/4" jointer/6" beltsander/12" planer/stripsander/bandsaw/powerstation /Scroll saw/Jig saw /Craftsman 10" ras/Craftsman 6" thicknessplaner/ Dayton10"tablesaw(restoredfromneighborstrashpile)/ Mark VII restoration in 'progress'/ 10E[/size](SN E3779) restoration in progress, a 510 on the back burner and a growing pile of items to be eventually returned to useful life. - aka Red Grange
╟JPG ╢
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Goldie(Bought New SN 377425)/4" jointer/6" beltsander/12" planer/stripsander/bandsaw/powerstation /Scroll saw/Jig saw /Craftsman 10" ras/Craftsman 6" thicknessplaner/ Dayton10"tablesaw(restoredfromneighborstrashpile)/ Mark VII restoration in 'progress'/ 10E[/size](SN E3779) restoration in progress, a 510 on the back burner and a growing pile of items to be eventually returned to useful life. - aka Red Grange
Just received the last paperwork needed to file yesterday. So I imagine a couple of evenings this week and some weekend time will get it done. I have no idea about what the outcome will be this year. We made some significant changes to our finances in 2011 - filing should be interesting but probably not pleasant this time.
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Leonard
La Vernia, TX
Wood Goods - Custom Woodwork
EMAIL: woodgoods "at" lavernia "dot" net
PowerPro 520, PowerPro 500 (was my father's 500), SS jointer, SS Mark V mount planer, SS bandsaws (2), belt sander, scroll saw, SS jig saws (2), strip sander, Jointech system, 12" Delta Compound Miter Saw, a small collection of routers, a router table and a Delta Unisaw. All in a 24' x 24' shop.
Leonard
La Vernia, TX
Wood Goods - Custom Woodwork
EMAIL: woodgoods "at" lavernia "dot" net
PowerPro 520, PowerPro 500 (was my father's 500), SS jointer, SS Mark V mount planer, SS bandsaws (2), belt sander, scroll saw, SS jig saws (2), strip sander, Jointech system, 12" Delta Compound Miter Saw, a small collection of routers, a router table and a Delta Unisaw. All in a 24' x 24' shop.
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robinson46176
- Platinum Member
- Posts: 4182
- Joined: Mon Mar 09, 2009 9:00 pm
- Location: Central Indiana (Shelbyville)
I have the income taxes thing whipped... Just don't make any money. 
The property tax thing on the other hand gets just silly. When my wife and I got married in 1963 my yearly gross income was a good bit less than I now shell out for property taxes each year and was less than that for several years. Fortunately they let me pay farm land values but they would really like to charge me the "development" value since I sit next to the city limits. So far so good but if they ever get to I would have no choice but to sell... Land prices close to town are really absurd. That is OK if you want to sell but I want to just sit here and enjoy the farm. I don't know how long I can fight the city off, they have nothing I want.
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The property tax thing on the other hand gets just silly. When my wife and I got married in 1963 my yearly gross income was a good bit less than I now shell out for property taxes each year and was less than that for several years. Fortunately they let me pay farm land values but they would really like to charge me the "development" value since I sit next to the city limits. So far so good but if they ever get to I would have no choice but to sell... Land prices close to town are really absurd. That is OK if you want to sell but I want to just sit here and enjoy the farm. I don't know how long I can fight the city off, they have nothing I want.
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farmer
Francis Robinson
I did not equip with Shopsmiths in spite of the setups but because of them.
1 1988 - Mark V 510 (bought new), 4 Poly vee 1 1/8th HP Mark V's, Mark VII, 1 Mark V Mini, 1 Frankensmith, 1 10-ER, 1 Mark V Push-me-Pull-me Drillpress, SS bandsaw, belt sander, jointer, jigsaw, shaper attach, mortising attach, TS-3650 Rigid tablesaw, RAS, 6" long bed jointer, Foley/Belsaw Planer/molder/ripsaw, 1" sander, oscillating spindle/belt sander, Scroll saw, Woodmizer sawmill
farmer
Francis Robinson
I did not equip with Shopsmiths in spite of the setups but because of them.
1 1988 - Mark V 510 (bought new), 4 Poly vee 1 1/8th HP Mark V's, Mark VII, 1 Mark V Mini, 1 Frankensmith, 1 10-ER, 1 Mark V Push-me-Pull-me Drillpress, SS bandsaw, belt sander, jointer, jigsaw, shaper attach, mortising attach, TS-3650 Rigid tablesaw, RAS, 6" long bed jointer, Foley/Belsaw Planer/molder/ripsaw, 1" sander, oscillating spindle/belt sander, Scroll saw, Woodmizer sawmill
I owed this year and wouldn't you know IRS accepted my return in 5 minutes, and debited my account at midnight. Usually they owe me and it takes a a few days to accept my return then two weeks for the refund. I did get my refund from state in about a week this year. I used taxact also.
SHOPSMITH 510, SHOPSMITH BANDSAW, AND MANY MANY MANY OTHER POWERTOOLS
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curiousgeorge
- Platinum Member
- Posts: 880
- Joined: Tue Feb 27, 2007 1:00 am
- Location: Fort Worth, Texas
