[Dozhdbog]

Although I find it difficult to believe, I did receive an official notice from the IRS that I am getting a check for $9456.


So... considering I already have the BMW Performance Suspension and the Stage 2 PPK, what else should I do to my base model 335i?

[Elliott@DetailAddict]

save it.

or add exhaust for a little more effect.

[Dozhdbog]

My rims are the base level 17"ers.

I do not have sport seats, I do not have a sport steering wheel, I do not have paddle shifters.

[SpartanGA]

trade in for an M3. LOL

[Jeff@TopGearSolutions]

Send the rest to my paypal account (as a gift).

It's your car, what do you want to do to it?

[Elliott@DetailAddict]

Wheels can completely change the look.

[jphughan]

Just remember that the money you're getting back was always rightfully yours; the IRS simply stole it from you over the year and was good enough to return it.

Oh, and depending on why you're getting that refund, you might want to adjust your W-4 so less gets withheld this year.

[Brian135i]

I would get some good wheels and tires, then save the rest.

[mashimarho]

wheels, exhaust, tune, dp, brakes

[Rhodes7586]

Withholding Calculator


That is a free loan you are giving the IRS then they make like 6% from your money.

[Dozhdbog]

Frankly, I am not sure they owe me, and I'd rather not steal someone else's money. Still looking into it, but daring to dream.

[Dozhdbog]

Originally Posted by mashimarho

wheels, exhaust, tune, dp, brakes

I can have all that done for 10k?

[jphughan]

Originally Posted by Dozhdbog

I can have all that done for 10k?

It'd be close, but probably. You could at least upgrade the brake pads even if you didn't go full BBK, which would be pointless unless you track the car -- and $5-6K on a good BBK is a lot to spend on something that won't deliver you any benefits. However, better brake pads might be pointless on a non-track car as well unless you drive REALLY hard on the street (not recommended anyway).

As for everything else, yes you could easily get the parts for $10K. Labor would vary depending on shop and how much you want to do yourself/with friends, but even if you paid to have everything installed you might come in under $10K if you skip the brakes entirely.

[EuroE92]

I would save a good portion of it. If you feel like you "need" something for the car then treat yourself a bit but save a good portion of it. You dont want to look back in 3-5 years and be like damn I wish I never spent that money

[EuroE92]

Originally Posted by jphughan

Just remember that the money you're getting back was always rightfully yours; the IRS simply stole it from you over the year and was good enough to return it.

Oh, and depending on why you're getting that refund, you might want to adjust your W-4 so less gets withheld this year.

I personally like claiming 0 on my W-4 so like that a bit more taxes get taken out, but i get a fat refund check at the end of the year.

Its like my indirect way of saving

[doubleIN]

why spend it all at once? $1300 for bmw performance exhaust and call it a day. for now

[Syndicategt]

Originally Posted by jphughan

Just remember that the money you're getting back was always rightfully yours; the IRS simply stole it from you over the year and was good enough to return it.

Oh, and depending on why you're getting that refund, you might want to adjust your W-4 so less gets withheld this year.

Someone with some intelligence on here! Thank you. If you are getting a return you should speak with your accountant, especially a $9k return. I don't know about you, but I don't like giving the government an interest free loan......they would never give me one. Aim to break even.

Originally Posted by EuroE92

I personally like claiming 0 on my W-4 so like that a bit more taxes get taken out, but i get a fat refund check at the end of the year.

Its like my indirect way of saving

Wow that's some ass backwards thinking. Why not just invest/save that money through the year and have it make you more money with interest? Again it's money that you earned which could be making you more money in the long run, instead of letting the Federal Goverment use it interest free.

[JDLM]

What color is you car? I have a set of wheels for sale (DPE 19" 2-piece)

[EuroE92]

Originally Posted by Syndicategt

Wow that's some ass backwards thinking. Why not just invest/save that money through the year and have it make you more money with interest? Again it's money that you earned which could be making you more money in the long run, instead of letting the Federal Goverment use it interest free.

To each there own I guess. This is my personal preference.

Yes its letting the government hold some of my money but what is it like 40-50 extra that I dont feel out of my paycheck that is given back to me in 1 lump sum. That sounds pretty decent to me.

I have money that I save regularly etc so its just another way to get a lump sum of cash at one time. I almost consider it a bonus.

But like I said to each there own

[ERdiesel]

Originally Posted by Dozhdbog

Frankly, I am not sure they owe me, and I'd rather not steal someone else's money. Still looking into it, but daring to dream.

Not to be the voice of reason or joykill in this case, but mistakes happen, and when we're talking about any govt agency, especially the IRS, then.......well you get the point. I would make 200% sure that money is yours and not some mistake before spending a penny of it. If this came as an absolute surprise to you, then even more reason not to spend it without confirmation.

With all that said, if you do clear it up and you know for sure this won't come back to bite you in the future, I would still save it for your eventual M3.

[benzo23]

Wheels, exhaust. Save the rest. Keep it simple

[listerone]

That's a $9,500 interest free loan you gave to the government.The best thing is for *you* to owe *them* on 4/15 or for you to have paid *exactly* what you owe. Tell your accountant to get his act together.