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Anyone Else Not File Your Taxes Yet? (1 Viewer)
- Thread starter Ignoramus
- Start date
I would suggest filing an extension with a payment. Better than filing and doing and amended later.Never had to before but thinking you are right.....or should I just let them file it and make the payment and amend later?
As of course I'm doing a refi on a rental property that needs my return to close next week.
And you might need a new accountant if he is screwing up several things (or is it a matter of him/her not having all the information)?
nittanylion
Footballguy
So you do your taxes (or have someone do them for you)...and you calculate that you're either due a refund based on what's been taken out during the year, or owe.
I almost always owe more, and have to send a follow up payment. I don't really care about that. When I have gotten a refund, I've just taken it without question that it's the right amount. It's never that much, but it's the principle of the thing that has me thinking
Has anyone here ever filed for a State/Federal refund, and gotten a response back that you're actually owed more than you calculated, and they send you a check greater than what you calculated you are owed? Or is it generally considered your tough cookies if you're incorrect about the amount you are owed, and the govt. keeps mistakes in their favor?
Simple example: you calculate you are owed $100, but you're actually owed more. Does the govt send you a response with a check for $100+X?
Has anyone here made a payment to State/Federal, and gotten a response back that you sent in too big of a check, and they refund you the difference? Or is it generally considered your tough cookies if you're incorrect (to the governments benefit), and they just keep the extra, sorry about your luck? Not talking about estimated tax overpayment, just sending them too large a check with your return?
Simple example: you calculate you owe $100, but you actually owe less. Does govt send you a response with a check for $100-X?
I almost always owe more, and have to send a follow up payment. I don't really care about that. When I have gotten a refund, I've just taken it without question that it's the right amount. It's never that much, but it's the principle of the thing that has me thinking
Has anyone here ever filed for a State/Federal refund, and gotten a response back that you're actually owed more than you calculated, and they send you a check greater than what you calculated you are owed? Or is it generally considered your tough cookies if you're incorrect about the amount you are owed, and the govt. keeps mistakes in their favor?
Simple example: you calculate you are owed $100, but you're actually owed more. Does the govt send you a response with a check for $100+X?
Has anyone here made a payment to State/Federal, and gotten a response back that you sent in too big of a check, and they refund you the difference? Or is it generally considered your tough cookies if you're incorrect (to the governments benefit), and they just keep the extra, sorry about your luck? Not talking about estimated tax overpayment, just sending them too large a check with your return?
Simple example: you calculate you owe $100, but you actually owe less. Does govt send you a response with a check for $100-X?
Foosball God
Foos
Ended up getting back about two racks. That is like two thirds of an Angie.
MarvinTScamper
Footballguy
skol asylum
Footballguy
Filed an hour ago with 80 minutes to spare. Woot.
Phil Elliott
Footballguy
I calculated them a few days ago. Owe a small amount so will wait until April to file.
dgreen
Footballguy
Someone has been filing with my daughter's name and SSN the last couple years so I'm waiting on a PIN for my daughter. I should have had it by now, but I haven't seen it. This probably means my daughter will need to call the IRS a dozen times before she can get through to someone to get her PIN.
I'm also considering waiting to see if the SALT deduction is increased for married couples. There's talks of making that a $20k limit and making it retroactive to 2023.
I'm also considering waiting to see if the SALT deduction is increased for married couples. There's talks of making that a $20k limit and making it retroactive to 2023.
General Malaise
Footballguy
General Malaise
Footballguy
I was a little aghast last year when my wife gave me her W2 and there were NO Fed taxes withheld. She hadn't worked since the twins were born in 2015, so I figured just a little oversight, not a big deal (she didn't make all that much). Had our accountant fill out a new W4 for her to give to her employer (public school district) and figured all was well.
Got her W2 this year and guess who had no Fed taxes withheld?
Gawd.
Got her W2 this year and guess who had no Fed taxes withheld?
Gawd.
General Malaise
Footballguy
I spend about $350 a year for my guy to do our taxes. Best money I spend every year.
ChiefD
Footballguy
You too?I was a little aghast last year when my wife gave me her W2 and there were NO Fed taxes withheld. She hadn't worked since the twins were born in 2015, so I figured just a little oversight, not a big deal (she didn't make all that much). Had our accountant fill out a new W4 for her to give to her employer (public school district) and figured all was well.
Got her W2 this year and guess who had no Fed taxes withheld?
Gawd.
My wife started a new job last year. February-ish. I saw one of her first paychecks and said something like "they sure aren't taking out much federal. you may want to double-check your W4"
Started doing the taxes last Thursday and looked at her W2 and said out loud: "Well, we are FUUUC.............."
And we are. Huge tax bill this year. An innocent mistake but painful. I couldn't say anything of course other then let's go fix this. But man, this one reaaaaaaalllllly hurts. Bad.
General Malaise
Footballguy
You too?I was a little aghast last year when my wife gave me her W2 and there were NO Fed taxes withheld. She hadn't worked since the twins were born in 2015, so I figured just a little oversight, not a big deal (she didn't make all that much). Had our accountant fill out a new W4 for her to give to her employer (public school district) and figured all was well.
Got her W2 this year and guess who had no Fed taxes withheld?
Gawd.
My wife started a new job last year. February-ish. I saw one of her first paychecks and said something like "they sure aren't taking out much federal. you may want to double-check your W4"
Started doing the taxes last Thursday and looked at her W2 and said out loud: "Well, we are FUUUC.............."
And we are. Huge tax bill this year. An innocent mistake but painful. I couldn't say anything of course other then let's go fix this. But man, this one reaaaaaaalllllly hurts. Bad.
I don't think it'll hurt us too bad. Like Hack said, we're getting a big kicker back from Oregon, so worst case, that covers her liability. I have quite a bit taken out of mine by design, so we're gonna be okay, it just.....like, does she even look at her paystubs? I love her and she has 50 IQ points on me, but my goodness, girl.
Dan Lambskin
Footballguy
I think our is 250ish and mine aren’t even that complicated. I’m sure I could do myself but it’s nice just having the peace of mind that I have a professional reviewing them (he’s also a tax attorney not just a CPA or whatever)
Can’t imagine he’s going to be doing it much longer though so I’ll probably end up having my cousin-in-law do them
dgreen
Footballguy
I have whole spreadsheet where I track all of our tax-related data throughout the year to try to manage my refund/bill, so I'm always aware of my wife's withholding. When you fill out the W4 and you're the much smaller earner in a married-filed-jointly situation, it's going to withhold very little so I utilize the field for withholding extra and adjust mine.You too?I was a little aghast last year when my wife gave me her W2 and there were NO Fed taxes withheld. She hadn't worked since the twins were born in 2015, so I figured just a little oversight, not a big deal (she didn't make all that much). Had our accountant fill out a new W4 for her to give to her employer (public school district) and figured all was well.
Got her W2 this year and guess who had no Fed taxes withheld?
Gawd.
My wife started a new job last year. February-ish. I saw one of her first paychecks and said something like "they sure aren't taking out much federal. you may want to double-check your W4"
Started doing the taxes last Thursday and looked at her W2 and said out loud: "Well, we are FUUUC.............."
And we are. Huge tax bill this year. An innocent mistake but painful. I couldn't say anything of course other then let's go fix this. But man, this one reaaaaaaalllllly hurts. Bad.
beer 30
Footballguy
Da ****?.he's getting back $80K.
I was going to but I'll just leave it alone
Filed mine and one of our daughters this weekend. The other daughter uses Cash App and they aren't doing state taxes yet so she has to wait. I told her that someday when she gets a real job and can afford the $78 to use my Turbo Tax services will be a good day for tax preparer.
belljr
Footballguy
99% of the time I have a stadndard deduction - im as close to being able to do a 1040ez as one can be owning a home
My wife used to go to one of those tax places - we went the first time we got married and I was like dude is just filling in boxes in Turbo tax.... I've done it ever since. When the guy said to me you should inquire about getting certified to doing tax prep i was like gtfo
I need to find an actual accountant soon I think
dgreen
Footballguy
I've been doing my own through Tax Slayer. I've actually used their chat help or phone help line when my wife had 1099 income and received clear, quick answers. So, depending on why you think you might need to hire an accountant, you might be able to get the help through the online filing sites.99% of the time I have a stadndard deduction - im as close to being able to do a 1040ez as one can be owning a home
My wife used to go to one of those tax places - we went the first time we got married and I was like dude is just filling in boxes in Turbo tax.... I've done it ever since. When the guy said to me you should inquire about getting certified to doing tax prep i was like gtfo
I need to find an actual accountant soon I think
Snotbubbles
Footballguy
I file on Wednesday.
Snotbubbles
Footballguy
99% of the time I have a stadndard deduction - im as close to being able to do a 1040ez as one can be owning a home
My wife used to go to one of those tax places - we went the first time we got married and I was like dude is just filling in boxes in Turbo tax.... I've done it ever since. When the guy said to me you should inquire about getting certified to doing tax prep i was like gtfo
I need to find an actual accountant soon I think
I always do mine before I go to my tax guy. He always gets me more back then what I do when I try on my own.
It's little things he does, like giving me the maximum deduction for charitable contributions without needed to show proof I made the donation. Plus, he handles any audits (haven't had any) or amendments to returns (I did have to do that once).
AAABatteries
Footballguy
Unless he's making crazy money that doesn't seem very smart.
General Malaise
Footballguy
I've been doing my own through Tax Slayer. I've actually used their chat help or phone help line when my wife had 1099 income and received clear, quick answers. So, depending on why you think you might need to hire an accountant, you might be able to get the help through the online filing sites.99% of the time I have a stadndard deduction - im as close to being able to do a 1040ez as one can be owning a home
My wife used to go to one of those tax places - we went the first time we got married and I was like dude is just filling in boxes in Turbo tax.... I've done it ever since. When the guy said to me you should inquire about getting certified to doing tax prep i was like gtfo
I need to find an actual accountant soon I think
My problem with the tax software and speaking just personally, it's never FREE free. Especially when it comes to the state part of the filing. Invariably, the FREE tax service will cost me between $75 to $100 to e-file. Why not pay a little more for a pro to do it? That way, I'm not missing anything or worrying about missing anything and I save myself the hassle and the time. So much easier.
General Malaise
Footballguy
Unless he's making crazy money that doesn't seem very smart.
So...again, this is a KICKER check from the STATE and it's an outlier this year for sure. Believe me, this guy pays through the nose in estimated taxes each quarter. The kicker check from Oregon is based on a surplus of $5.6 billion that gets sent back to the state's taxpayers. The more you paid in 2022 the more you're getting back with your 2023 filing. I'm getting back enough to buy a used, small compact sedan with some body damage.
D_House
Footballguy
I do my own taxes (I use H&R Block software ) and have finished but am waiting to file.
May not be relevant to many of us but there is a pending possible SALT deduction cap increase to $20,000 for MFJ filers with MAGI <$500k. This is retroactive for only the 2023 tax year.
There will be a procedural vote on the 14th on whether it will be allowed to come to the floor for a vote.
news.bloombergtax.com
May not be relevant to many of us but there is a pending possible SALT deduction cap increase to $20,000 for MFJ filers with MAGI <$500k. This is retroactive for only the 2023 tax year.
There will be a procedural vote on the 14th on whether it will be allowed to come to the floor for a vote.
SALT Cap Deduction Hike Test Vote Slated for House This Week (1)
Legislation that would double the state-and-local tax deduction cap for joint filers is expected to get a procedural House vote Feb. 14, according to Democrats.
belljr
Footballguy
Yeah...been using handr for as long as I can remember and haven't had a need yet....I've been doing my own through Tax Slayer. I've actually used their chat help or phone help line when my wife had 1099 income and received clear, quick answers. So, depending on why you think you might need to hire an accountant, you might be able to get the help through the online filing sites.99% of the time I have a stadndard deduction - im as close to being able to do a 1040ez as one can be owning a home
My wife used to go to one of those tax places - we went the first time we got married and I was like dude is just filling in boxes in Turbo tax.... I've done it ever since. When the guy said to me you should inquire about getting certified to doing tax prep i was like gtfo
I need to find an actual accountant soon I think
AAABatteries
Footballguy
Yeah...been using handr for as long as I can remember and haven't had a need yet....I've been doing my own through Tax Slayer. I've actually used their chat help or phone help line when my wife had 1099 income and received clear, quick answers. So, depending on why you think you might need to hire an accountant, you might be able to get the help through the online filing sites.99% of the time I have a stadndard deduction - im as close to being able to do a 1040ez as one can be owning a home
My wife used to go to one of those tax places - we went the first time we got married and I was like dude is just filling in boxes in Turbo tax.... I've done it ever since. When the guy said to me you should inquire about getting certified to doing tax prep i was like gtfo
I need to find an actual accountant soon I think
Handr sounds like a mobile app for finding Dutch Rudders in your vicinity.
Chemical X
Footballguy
don’t take it all, take $3500 and roll over $1000 to next year’s bill.
General Malaise
Footballguy
Thanks for this. I do use the free ish web services for my sons' taxes so it's nice to know another option.
Chemical X
Footballguy
aka The Blue State tax. this would benefit me, but will never be passed.I do my own taxes (I use H&R Block software ) and have finished but am waiting to file.
May not be relevant to many of us but there is a pending possible SALT deduction cap increase to $20,000 for MFJ filers with MAGI <$500k. This is retroactive for only the 2023 tax year.
There will be a procedural vote on the 14th on whether it will be allowed to come to the floor for a vote.
SALT Cap Deduction Hike Test Vote Slated for House This Week (1)
Legislation that would double the state-and-local tax deduction cap for joint filers is expected to get a procedural House vote Feb. 14, according to Democrats.
New Binky the Doormat
Footballguy
our final report from Vanguard never comes in before late February ...so no.
nightmare
Footballguy
I know the link shows $9.95 for state but mine(Maine) was free.
urbanhack
Fight The Power!
I've never owed the state since I've lived here. Usually get a few bucks back. I'm keeping all this for some home repairs.
Nugget
Footballguy
I forecast my tax liability for the year and then track each paycheck to make sure I’m on track. I added $200 month to my withholding for 2024 as I will be done with alimony payments in April.I have whole spreadsheet where I track all of our tax-related data throughout the year to try to manage my refund/bill, so I'm always aware of my wife's withholding. When you fill out the W4 and you're the much smaller earner in a married-filed-jointly situation, it's going to withhold very little so I utilize the field for withholding extra and adjust mine.You too?I was a little aghast last year when my wife gave me her W2 and there were NO Fed taxes withheld. She hadn't worked since the twins were born in 2015, so I figured just a little oversight, not a big deal (she didn't make all that much). Had our accountant fill out a new W4 for her to give to her employer (public school district) and figured all was well.
Got her W2 this year and guess who had no Fed taxes withheld?
Gawd.
My wife started a new job last year. February-ish. I saw one of her first paychecks and said something like "they sure aren't taking out much federal. you may want to double-check your W4"
Started doing the taxes last Thursday and looked at her W2 and said out loud: "Well, we are FUUUC.............."
And we are. Huge tax bill this year. An innocent mistake but painful. I couldn't say anything of course other then let's go fix this. But man, this one reaaaaaaalllllly hurts. Bad.
3 hour lunch
Footballguy
Always do our own but always owe. Have added withholdings to my check last couple years to try to reduce it. Don’t really understand how much a tax expert could provide though with the standard deduction seemingly always the best choice.
Long Ball Larry
Footballguy
Taxslayer has the same deal at a higher income cap
nightmare
Footballguy
O.K. Might have been TaxAct. I think they all charge for the W2 transfer.
ffball-novice
Footballguy
Not sure what she paid $25 for, but FreeTaxUSA is free + $15 per state includes efile. They do have a Premium support package that includes free amended returns but it's pretty cheap. I've used them for several years it's a great package.
Keerock
Footballguy
A SALT deduction increase would be HUGE for me. Please, please, please. Getting double taxed on friggin' property taxes...I do my own taxes (I use H&R Block software ) and have finished but am waiting to file.
May not be relevant to many of us but there is a pending possible SALT deduction cap increase to $20,000 for MFJ filers with MAGI <$500k. This is retroactive for only the 2023 tax year.
There will be a procedural vote on the 14th on whether it will be allowed to come to the floor for a vote.
SALT Cap Deduction Hike Test Vote Slated for House This Week (1)
Legislation that would double the state-and-local tax deduction cap for joint filers is expected to get a procedural House vote Feb. 14, according to Democrats.
Sand
Footballguy
The reaction from high tax states should have been to lower property taxes to something non-extortionary as SALT is good policy. (However we know states, particularly those high tax states, aren't going to voluntarily reduce spending, so we are where we are now). But it looks very likely that the Trump tax cuts will expire and SALT limit will go away permanently. So a bit of plus and minus monetarily there in the long term as tax brackets bump back up, too.
A SALT deduction increase would be HUGE for me. Please, please, please. Getting double taxed on friggin' property taxes...I do my own taxes (I use H&R Block software ) and have finished but am waiting to file.
May not be relevant to many of us but there is a pending possible SALT deduction cap increase to $20,000 for MFJ filers with MAGI <$500k. This is retroactive for only the 2023 tax year.
There will be a procedural vote on the 14th on whether it will be allowed to come to the floor for a vote.
SALT Cap Deduction Hike Test Vote Slated for House This Week (1)
Legislation that would double the state-and-local tax deduction cap for joint filers is expected to get a procedural House vote Feb. 14, according to Democrats.
All that said I have finished my taxes for the most part and it looks like small refunds from state and feds. Might finally be a year I calculated stuff out right.
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Nugget
Footballguy
The combo of the reduced standard deduction in 2026 plus the shift in brackets from 22% to 25% and 24% to 28% will hurt. Quick math says it will cost me $7k-$9k. Good news is I turn 50 in 2026 so catch up contributions could bring the pain down ~$2k.The reaction from high tax states should have been to lower property taxes to something non-extortionary as SALT is good policy. (However we know states, particularly those high tax states, aren't going to voluntarily reduce spending, so we are where we are now). But it looks very likely that the Trump tax cuts will expire and SALT limit will go away permanently. So a bit of plus and minus monetarily there in the long term as tax brackets bump back up, too.
A SALT deduction increase would be HUGE for me. Please, please, please. Getting double taxed on friggin' property taxes...I do my own taxes (I use H&R Block software ) and have finished but am waiting to file.
May not be relevant to many of us but there is a pending possible SALT deduction cap increase to $20,000 for MFJ filers with MAGI <$500k. This is retroactive for only the 2023 tax year.
There will be a procedural vote on the 14th on whether it will be allowed to come to the floor for a vote.
SALT Cap Deduction Hike Test Vote Slated for House This Week (1)
Legislation that would double the state-and-local tax deduction cap for joint filers is expected to get a procedural House vote Feb. 14, according to Democrats.
All that said I have finished my taxes for the most part and it looks like small refunds from state and feds. Might finally be a year I calculated stuff out right.
