Tax Credits

[TaxmanHog]

Great advice from Rick and Pat!

Let me reinforce with another rendition of my graphics for the visual learners using the Bob scenario above, apply these concepts to your own personal situation, but don't share your details publicly, if any of this is over your head consult an enrolled tax return preparer, CPA skilled in federal taxation, if you convince a dealer to do something sketchy, a great criminal tax attorney might be a great backup to keep you out of club-fed.

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[metroshot]

Great advice from Rick and Pat!

Let me reinforce with another rendition of my graphics for the visual learners using the Bob scenario above, apply these concepts to your own personal situation, but don't share your details publicly, if any of this is over your head consult an enrolled tax return preparer, CPA skilled in federal taxation, if you convince a dealer to do something sketchy, a great criminal tax attorney might be a great backup to keep you out of club-fed.

Excellent visual aid @TaxmanHog !

I like the end numbers - you hit my numbers I am guessing - refund = $5000.

That's what I am estimating since I always owe the IRS about $2500 at the end of the year which is why I file on the very last tax day...

This year, I'll be filing first in line for my first ever REFUND!

 

[RickLightning]

Excellent visual aid @TaxmanHog !

I like the end numbers - you hit my numbers I am guessing - refund = $5000.

That's what I am estimating since I always owe the IRS about $2500 at the end of the year which is why I file on the very last tax day...

This year, I'll be filing first in line for my first ever REFUND!

A refund is nothing to be proud of, as you know always owing money. You should have adjusted your withholding, or your estimated taxes if self-employed.

Think of all that money you loaned interest free!

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