I just got news about my tax return. I get 15k from Fed and 5k from the state! It's amazing what good planning will do for your bottom line!
If he/she were better at her job you'd never have leant the government that money interest-free in the first place!!
I know I leant it to the government, but i plan to have a cushion. There have been years when i didn't plan effectively and I owed 20k+. Rather get a return than owe, IMO.
Believe me, I know. I had clients that would have me prep without a cushion, and others that wanted to cushion, and others that wanted to owe. The ones that wanted us to plan so that they owed were sometimes shocked when they owed so big (even if we had discussed the potential liabiliity a year before it actually came about). To each their own, I suppose, in their approach/mentality. I'm now at the point where I plan everything myself throughout the year and make adjustments if needed, so that when all is said and done, I owe a $500 or less to each the state and the Fed. I'm not loaning them money for free.