Texas Proud
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 16, 2005
- Messages
- 17,266
I'm embarrassed to admit it but I'm one of those folks that gets a refund every year. I overpay every year (this year I got back $35000). It drives my accountant crazy. I know I shouldn't but for some reason I am really terrified of not having the money to pay Uncle Sam and I'm more scared of that than overpaying. I know it isn't financially smart to do and is completely irrational but the thought of not having the money to pay really scares me. I'm self-employed and my income isn't assured so I would rather pay the money when I have it than hit hard times and try to come up with it.
WOW.... talk about fear....
But, take heart.... back when I did taxes there was this one guy who thought the reason he had never been audited by the IRS was because he had NEVER asked for a refund... he always applied it to his next years return.... IIRC, it was over $500,000 that he was rolling over when I did the return...
AND, we could not convince him that he did not have to send in quarterly tax payments for the current year... so it grew...
This to me is 'irrational fear'.... but, if it let's you sleep at night then go right ahead..