TAX TIME - Anyone paying by Credit Card | FerrariChat

TAX TIME - Anyone paying by Credit Card

Discussion in 'Other Off Topic Forum' started by warrenn, Apr 15, 2004.

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  1. warrenn

    warrenn Formula Junior

    Mar 12, 2004
    388
    LA for now,NJ really
    #1 warrenn, Apr 15, 2004
    How do I go about doing this? Recommended?
     
  2. DrStranglove

    DrStranglove FChat Assassin
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    #2 DrStranglove, Apr 15, 2004
    I was told American Express could not be used and I would not get any FF points if it could so.....
     
  3. SrfCity

    SrfCity F1 World Champ

    Nov 1, 2003
    10,142
    Orange County, CA
    #3 SrfCity, Apr 15, 2004
    "TAX TIME - Anyone paying by Credit Card"

    Is it just me or does this just seem like a way to dig yourself deeper? I'm sure they nail you with extra fees for this. Check the IRS web site and they'll gladly tell you.
     
  4. tigermilk

    tigermilk Formula Junior

    Jul 12, 2001
    321
    Houston, TX
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    James P. Smith
    #4 tigermilk, Apr 15, 2004
    I was going to until I saw there were transaction fees. Was wanting some "freebie" FF miles. Sent the check off a few weeks ago.
     
  5. dherman76

    dherman76 Formula Junior
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    Feb 25, 2004
    601
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    Darren Herman
    #5 dherman76, Apr 15, 2004
    I'd also thin you'd be paying a convenience fee as credit card companies tack on a discount fee (%) to their merchants...You'd end up paying more than you owe for your taxes due to this...(assuming)
     
  6. tifosi69

    tifosi69 Formula 3

    Dec 23, 2003
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    Al-Al Cool J
    #6 tifosi69, Apr 15, 2004
    You are correct, the discount rate is passed on to the payer.
     
  7. warrenn

    warrenn Formula Junior

    Mar 12, 2004
    388
    LA for now,NJ really
    #7 warrenn, Apr 15, 2004
    I think the surcharge is 2.5% am I crazy for considering this?
     
  8. Robin

    Robin F1 Rookie

    Nov 1, 2003
    2,931
    Arlington, VA
    #8 Robin, Apr 15, 2004
    Hm. Could you pay your taxes with a credit card, then dispute the charges because you didn't get what you expected for your money??? ;)

    -R
     
  9. warrenn

    warrenn Formula Junior

    Mar 12, 2004
    388
    LA for now,NJ really
    #9 warrenn, Apr 15, 2004
    now that was hilarious
     
  10. DrStranglove

    DrStranglove FChat Assassin
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    #10 DrStranglove, Apr 15, 2004
    If I can get a clear answer from Amex...Read: Anyone here work for them??... I would!!! the 2.5% for almost 500,000 FF miles would make it worth it to me.


    Hell that would be at least three trips to Thailand!!!!


    DrS
     
  11. F-passione

    F-passione Karting

    Mar 31, 2004
    173
    Orange County, CA
    #11 F-passione, Apr 15, 2004
    500K in FF miles? Glad to see they're finally catching up to you ;)
     
  12. warrenn

    warrenn Formula Junior

    Mar 12, 2004
    388
    LA for now,NJ really
    #12 warrenn, Apr 15, 2004
    I just paid using my amex. 2.5% surcharge.
     
  13. Texas Forever

    Texas Forever Seven Time F1 World Champ
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    Apr 28, 2003
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    Texas!
    #13 Texas Forever, Apr 15, 2004
    You are good, my man. Very, very good....
     
  14. DrStranglove

    DrStranglove FChat Assassin
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    #14 DrStranglove, Apr 15, 2004
    But did you get the miles???

    Last time I asked them about it (2+ years ago) They laughed!!!


    DrS
     
  15. F SPIDER

    F SPIDER F1 Rookie
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    Jan 30, 2002
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    #15 F SPIDER, Apr 16, 2004
    DrS

    The surcharge of 2.5% would be $12.5K(?), the AE FF miles are only transferred at 80%(?), so you would get 400K miles. Is that worth it?
     
  16. Hubert888

    Hubert888 F1 Veteran
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    May 14, 2003
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    #16 Hubert888, Apr 16, 2004
    If you use your AMEX to pay for your income taxes, you get that 2.5% surcharge added PLUS you do get the FF miles too.
     
  17. warrenn

    warrenn Formula Junior

    Mar 12, 2004
    388
    LA for now,NJ really
    #17 warrenn, Apr 16, 2004
    my coworkers also laughed when I pitched the idea of a wireless company 2+ years ago, they laughed in my face. I laughed with them and now I'm crying because I run that company now and have a F- that I can't even drive because I have too much work and instead I waste my time on F- chat.
     
  18. ferraribooks

    ferraribooks Formula Junior

    Feb 17, 2002
    298
    #18 ferraribooks, Apr 16, 2004
    I used my credit card to pay part of my taxes, United airlines was offering 2 miles for every dollar spent, i earnt 100,000 air miles on one card, & another 42000 miles on another card, 142000 airmiles total, that cost me $1775.00 in commision, with those 142000 air miles, i purchased two 1st class airline tickets to Venice Italy in June for 10 days of R&R, i did have to use 58000 miles from my united air miles account, but the moral is, i was able to get 2 1st class round trip tickets to Europe for $1775.00, if i had to purchase those tickets, they would have cost me over $30,000.00

    When the bill comes in, i'll send them a check, so to be fare, it was a great offer for me, but 95% of people, it's not.
     

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