MN-Investor
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Post by MN-Investor on Apr 18, 2022 13:03:24 GMT -5
I was frustrated last year when I tried using e-file for the first time and it wouldn't work for me. With a bit of apprehension, I tried e-filing today and it worked! Yay! I have to send in payments for the feds and for the state, but that's a whole lot easier than printing out the whole stupid tax returns. I was with my brother's family yesterday for Easter. I had mostly finished their tax return a week ago. I brought my laptop along and we e-filed their return. Then my 23-year old niece had a tax question. My answer made her try to modify the online TurboTax return she had prepared. Even though she hadn't filed it yet, TurboTax would not allow her to make changes to it. So I just input everything into my laptop's TurboTax and we e-filed it. So my 22-year old niece who graduated from college last spring asked "Are tax returns due tomorrow?" Yes, niece. Tax returns are due tomorrow. She'll call me this afternoon and I'll either prepare an extension request for her, or go to her apartment with my laptop and do the return. Fun times. So have all of you filed your returns? Gotten refunds?
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haapai
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Character
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Post by haapai on Apr 18, 2022 13:07:27 GMT -5
Nope! I'm frantically trying to find my w-2 in order to file an extension. Last mail is at 3.
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bookkeeper
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Post by bookkeeper on Apr 18, 2022 13:21:56 GMT -5
I e-filed mine around March 15th. I got the refund exactly one week later. I couldn't believe it. The year before, I was not allowed to e-file using H & R Block Tax software. Kept telling me that last year's adjusted gross income was wrong. So, I print and mail my return around March 15. I wait for my refund and wait and wait until July.
After poking around, I found a sub group on Reddit complaining about the same delays. Turns out if the IRS has not processed the prior year's return, your adjusted gross income is "0".
The IRS did pay me interest on the refund amount for those months. They also sent me a 1099 INT for 2021.
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jeffreymo
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Post by jeffreymo on Apr 18, 2022 13:25:48 GMT -5
We just picked up our packet from our accountant. Signed our efile and wrote them a check. We are getting refunds from Fed (expected) and State (somewhat expected). I just changed my W4 withholding so we can get closer to break-even on the Fed for next year. I need to look into the state form a little bit to understand why we are getting a few hundred dollars back every year. May have to update the state W-4 also.
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MN-Investor
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Post by MN-Investor on Apr 18, 2022 13:29:02 GMT -5
I e-filed mine around March 15th. I got the refund exactly one week later. I couldn't believe it. The year before, I was not allowed to e-file using H & R Block Tax software. Kept telling me that last year's adjusted gross income was wrong. So, I print and mail my return around March 15. I wait for my refund and wait and wait until July. After poking around, I found a sub group on Reddit complaining about the same delays. Turns out if the IRS has not processed the prior year's return, your adjusted gross income is "0". The IRS did pay me interest on the refund amount for those months. They also sent me a 1099 INT for 2021. I kept getting that same error message when I tried e-filing last year so I mailed the returns on April 27. I got my refund from Minnesota on May 18. The refund from the IRS didn't come until Aug 14! And yes, I too got interest on that refund too.
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bean29
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Post by bean29 on Apr 18, 2022 13:31:47 GMT -5
IRS.gov says you can do an electronic 4868 (Application for Automatic Extension of Time to File). the have a link to free file. Idk if all of the programs do it or not though, b/c Turbo Tax creates a paper form that needs to be mailed. For my in-laws, I just put 0 on the Estimate of tax liability and 0 for Total of 2021 payments and 0 on Balance due. I actually put 10 in the Balance Due line, but Turbo Tax printed the form with all 0's. Our airport post office last pick up is at about 10 pm, and it happens to be about 10 minutes from my house. It used to be hopping busy on tax day, but it isn't anymore.
It looks like we have refunds due for both State and Federal Taxes, but I mailed the 4868 Extension forms on my Lunch Hour for both us, and my in-laws.
MN Investor, my DH's family is the Same. I did DN's last weekend but I told him I did not think it would go through. I told him his Mom should get a confirmation in her e-mail that it went through, and he should see the deducts for what he owed come out of his bank account. The did not see either happen, but did not call me, I had to call my SIL and tell her we needed to take care of it Sat or Sunday. His Parents pay over $100 every year for a simple return b/c they take it to a tax preparer. I told her about free file, but she did not seem particularly interested in doing it herself. DH told me his DN is kind of a train wreck.
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Post by minnesotapaintlady on Apr 18, 2022 14:00:38 GMT -5
So have all of you filed your returns? Gotten refunds? E-Filed 2/23. Refunds deposited March 1st and 2nd.
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MN-Investor
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Post by MN-Investor on Apr 18, 2022 14:58:43 GMT -5
I had a kind of Doh! moment this afternoon when I realized that I did not have to file an extension for my niece's return. I'm sure she's getting a refund and there are no penalties for filing late when you're getting a refund. I talked to my niece this afternoon and we'll do the tax return next week. She's extremely relieved because she's employed by a mega-church and has been working long hours this past week. (As a film major in college, working in a church's audio-visual department is her dream job, so she love what she's doing, just exhausted by the recent hours.)
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bean29
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Post by bean29 on Apr 18, 2022 16:56:28 GMT -5
I had a kind of Doh! moment this afternoon when I realized that I did not have to file an extension for my niece's return. I'm sure she's getting a refund and there are no penalties for filing late when you're getting a refund. I talked to my niece this afternoon and we'll do the tax return next week. She's extremely relieved because she's employed by a mega-church and has been working long hours this past week. (As a film major in college, working in a church's audio-visual department is her dream job, so she love what she's doing, just exhausted by the recent hours.) I filed DD's State return a day late last year, b/c I could not get the state e-file to go through from my home computer. I thought she was not going to be penalized, but I noticed when I was doing her return this weekend that they charged her a $50 penalty and she did have a refund coming back. If I had noticed timely, I probably could have appealed it, but I was just seeing it now. I decided to skip any trouble and just payed Turbo tax the $25.00 fee to e-file it and be done with it.
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Cookies Galore
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I don't need no instructions to know how to rock
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Post by Cookies Galore on Apr 18, 2022 17:20:08 GMT -5
Sigh... This was a fun tax year.
Federal - owed $3600. Ugh. Husband filled out a new W4 at work last year, even though I told him not to. That messed up our perfect balance. I cover our health insurance and so he used to have more taxes taken out of his paychecks. Surprise! Not anymore! I probably should have paid more attention to his paystubs last year, oopsie. Fixed our W4s for next year.
State - owed $19. The usual.
Local - I am still waiting on my Philly wage tax refund. I had to write a $600+ check to cover my local taxes but I will be getting much, much more than that back soon, so that doesn't bother me. I live outside of Philly but since I work there, I pay the non-resident wage tax rate of 3.44%; my municipality has a local tax rate of 1%. In any normal year, I'd just say goodbye to all that money to Philly and claim a credit on my local taxes. Since March 2020, I've been mandated to work from home, so I have been eligible for a wage tax refund. The refund for 2020 was over $1600 and this one will be over $2200. Our building reopened in January of this year, so no more wage tax refunds. It was nice to get, though!
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TheOtherMe
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Post by TheOtherMe on Apr 18, 2022 17:23:07 GMT -5
I e-filed both federal and state in late January. It was about a week before filing system was officially open. My return is very simple. I had my federal refund before the season opened. I owed the state and it was withdrawn from my bank account last week.
That was early because in Iowa the filing date for the state return is April 30.
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Rukh O'Rorke
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Post by Rukh O'Rorke on Apr 18, 2022 17:42:18 GMT -5
I was frustrated last year when I tried using e-file for the first time and it wouldn't work for me. With a bit of apprehension, I tried e-filing today and it worked! Yay! I have to send in payments for the feds and for the state, but that's a whole lot easier than printing out the whole stupid tax returns. I was with my brother's family yesterday for Easter. I had mostly finished their tax return a week ago. I brought my laptop along and we e-filed their return. Then my 23-year old niece had a tax question. My answer made her try to modify the online TurboTax return she had prepared. Even though she hadn't filed it yet, TurboTax would not allow her to make changes to it. So I just input everything into my laptop's TurboTax and we e-filed it. So my 22-year old niece who graduated from college last spring asked "Are tax returns due tomorrow?" Yes, niece. Tax returns are due tomorrow. She'll call me this afternoon and I'll either prepare an extension request for her, or go to her apartment with my laptop and do the return. Fun times. So have all of you filed your returns? Gotten refunds?
Awesome Aunt Award!!
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Rukh O'Rorke
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Post by Rukh O'Rorke on Apr 18, 2022 17:50:19 GMT -5
So have all of you filed your returns? Gotten refunds? E-Filed 2/23. Refunds deposited March 1st and 2nd. how......expected!
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Rukh O'Rorke
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Post by Rukh O'Rorke on Apr 18, 2022 17:59:55 GMT -5
Nope! I'm frantically trying to find my w-2 in order to file an extension. Last mail is at 3. Sister! (brother?)
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Rukh O'Rorke
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Post by Rukh O'Rorke on Apr 18, 2022 18:03:43 GMT -5
Trying out a tax person this year, will see how it goes. Finished my part at 11:30......AM that is.
usually I am scrambling around 11:30 pm trying to get it out the inbox. i think last year I was seriously sending it in at like 11:58 and the spoolie thingy was getting me nervous - if it would complete the send by midnight or not.
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Post by minnesotapaintlady on Apr 18, 2022 18:08:08 GMT -5
E-Filed 2/23. Refunds deposited March 1st and 2nd. how......expected! The only reason it's THAT late is I have to wait for the grandparents to send me the kid's 1099s as I need to complete all 3 returns simultaneously. Stepmom figured out she can just email me scans of the forms now, so hopefully next year she's quicker about it. eta: I swear if you're on here at 11:30 trying to get yours filed, I'll have to get out the whiskey bottle for myself!
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Rukh O'Rorke
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Post by Rukh O'Rorke on Apr 18, 2022 18:20:07 GMT -5
The only reason it's THAT late is I have to wait for the grandparents to send me the kid's 1099s as I need to complete all 3 returns simultaneously. Stepmom figured out she can just email me scans of the forms now, so hopefully next year she's quicker about it. eta: I swear if you're on here at 11:30 trying to get yours filed, I'll have to get out the whiskey bottle for myself! I just can't beleive I'm last minute again. Every year I am ready to go on Jan 1st, just waiting for the forms to come through. Then I go to bed and wake up on tax day.......
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raeoflyte
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Post by raeoflyte on Apr 18, 2022 19:08:05 GMT -5
The only reason it's THAT late is I have to wait for the grandparents to send me the kid's 1099s as I need to complete all 3 returns simultaneously. Stepmom figured out she can just email me scans of the forms now, so hopefully next year she's quicker about it. eta: I swear if you're on here at 11:30 trying to get yours filed, I'll have to get out the whiskey bottle for myself! I just can't beleive I'm last minute again. Every year I am ready to go on Jan 1st, just waiting for the forms to come through. Then I go to bed and wake up on tax day....... This is me.
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teen persuasion
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Post by teen persuasion on Apr 18, 2022 20:10:53 GMT -5
I did ours and DS4's returns around April 1. Federal refunds one week later, still waiting on state refunds. We had to switch from TurboTax to OLT this year, because TT dropped out of the free file alliance. From all of the talk on Bogleheads, we might have dodged a bullet; it sounds like TT is a hot mess this year with glitches, and unavailable forms, and last minute updates (April 15). OLT was a bit different, it confused me when I had to enter our drivers license info in the beginning, before any actual tax data (TT has it at the end, ready to efile stage). But the forms looked like my hand written ones, and the results agreed with mine, so it worked. It's good that I had a few weeks for snafus - we needed to open a tIRA for DS4, and we seemed to hit every roadblock going trying to get it funded before the deadline for 2021. First, the Fidelity website wouldn't work in Firefox, had to switch browsers. Of course had to get a text to confirm things, so DS4 had to go out in the south yard to get a bit of signal. Then tried to link his bank account to fund things - stuck in a loop. Left it a few days. It would have been less frustrating if they TOLD you it would take a while (days) and to expect test transfers, etc. Had to login to bank online (more outside to get signal) to verify test deposit amounts, and ... wait some more for link to get done. Another day, finally fund the tIRA. Hooray! But still have to transfer it from the holding fund to desired investment fund (why not just "buy XXXX fund" directly?).
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teen persuasion
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Post by teen persuasion on Apr 18, 2022 20:32:26 GMT -5
I did have one patron at the library ask me who does tax assistance in our county. Really? You think some agency is going to help you at the last minute? So I dutifully research it - NU *was* helping people, but that ended 4/1, you had to drop off your stuff in advance, etc. Oh, no, not going *way* over there, that's too far. I suggested filing for an extension, reminded that you should pay tax owed. Well, that's the catch-22, how do you know what you owe? And I got her story about needing schedule C, but it confused her because it looked different, and mentioned stuff that didn't make sense (lobbying), etc. And the math didn't make sense, because *something*, made it seem she owed more than *something else*, etc. Where's the extension form to mail? Last year, she mailed her return, they said she never filed, etc. Maybe mailing the extension is not the best option, you can do it online, and you *have* to do state extension online. Here's free file software links on the state website, I used this one, but here's 3 more options. We have computers to use, if you need them. She left.
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TheOtherMe
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Post by TheOtherMe on Apr 18, 2022 21:06:39 GMT -5
All of the free places stop taking appointments by April 1 or so every year. They get what they have cleaned up and their season is over.
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Tennesseer
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Post by Tennesseer on Apr 18, 2022 21:19:55 GMT -5
I filed February 3rd (right before my neighborhood lost power for seven days due to an ice storm) and my refund was automatically deposited in my checking account February 9th.
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tractor
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Post by tractor on Apr 19, 2022 7:29:30 GMT -5
I filed on Friday, but I delayed because I knew I would have to pay this year. For the first time, I also had to pay a penalty for under withholding, it was only $20, but still made me grumpy.
I've now adjusted my withholding for next year, knowing that I will still owe even with the adjustment, but hopefully no withholding penalty...
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finnime
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Post by finnime on Apr 19, 2022 7:53:21 GMT -5
I just can't beleive I'm last minute again. Every year I am ready to go on Jan 1st, just waiting for the forms to come through. Then I go to bed and wake up on tax day....... This is me. And me, too. Sadly. I always (almost) have good intentions.
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Deleted
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Post by Deleted on Apr 19, 2022 8:27:29 GMT -5
I work in a tax office. I always like it when clients bring their stuff in last minute. As if they are the only client we have. One lady thought we were sitting here twiddling our thumbs waiting for her information. Ummmm, no. I am the income tax Nazi. Extension for you!!
If your electronic filing rejects on the last day, you get a few days to make the correction. At least that's how our tax software works.
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Bonny
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Post by Bonny on Apr 19, 2022 9:31:27 GMT -5
I try to get my tax stuff to our CPA by the first week in Feb. The drag this year were the brokerage statements which didn't show up until March 18th. CPA filed on the 23rd. We owed 1974 for CA and got about a $7,500 refund all due to the ACA. Received the refund about a week after filing. I prepaid the entire estimated quarterly payments for CA as well. I don't want to be bothered remembering to pay three $250 payments. It's not like I'm making any interest on that money.
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TheOtherMe
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Post by TheOtherMe on Apr 19, 2022 9:51:29 GMT -5
I work in a tax office. I always like it when clients bring their stuff in last minute. As if they are the only client we have. One lady thought we were sitting here twiddling our thumbs waiting for her information. Ummmm, no. I am the income tax Nazi. Extension for you!! If your electronic filing rejects on the last day, you get a few days to make the correction. At least that's how our tax software works. I prepared tax returns for about 10 years. Wanted to laugh at the people who showed up on April 15 with their stuff feeling quite proud they got it in on time. No the letter we sent you in December or January told you the deadline for getting your paperwork to us and it did not say April 15. Extension will be done. They e-file reject days to make corrections time is set by the IRS, not the software.
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NoNamePerson
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Post by NoNamePerson on Apr 19, 2022 10:02:26 GMT -5
The happiest tax day was January 1, 2003 when I knew I would never go thru another tax season in an off!ice. I still give it a thought all these years later! Heck, I don’t even do my own.
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jerseygirl
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Post by jerseygirl on Apr 19, 2022 10:38:16 GMT -5
For me most of the work? Annoyance? Is collecting all the information and tracking what’s in Then I use TurboTax fairly easy even with doing a schedule C
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MN-Investor
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Post by MN-Investor on Apr 19, 2022 11:06:46 GMT -5
I was a math and accounting major in college. My first job was in the tax department of a Big Eight accounting firm, starting on Jan 2 since I graduated mid-year. We worked 10-hour days during the week, and 5 hours on Saturdays. It was always so glorious when April 15 came and all of a sudden I could see the sun again at the end of a day! It was like being reborn. I knew I hated taxes, but, gee, that job paid well! After four years at the CPA firm, I got a job as a tax accountant with a corporation. It was so nice to have regular hours! My boss was a literal genius, so I ended up getting my master's degree in business taxation just so I wouldn't feel like a fool next to him. And at that time, the company was reimbursing all my college costs. Still didn't make me like taxes any better. Fortunately my company was great at allowing folks to transfer to other positions within the company, so when my boss left and the VP of Finance & IT asked if I wanted to head up the tax department, I said thanks, but no thanks. I want to work in IT. So I got shifted to IT where I loved my job and also got paid well. It is nice to just worry about my own taxes and those relatives who I offer to help. I don't know all the answers, but at least I know what questions to ask and where to find the answers. As far as my own taxes, I hate - with a passion - master limited partnerships. We ended up buying "stock" in one a number of years ago. It was sold just like a stock, but it really wasn't. It had great dividends, but you got a K-1 instead of a 1099, and the K-1s wouldn't come until mid-March so you couldn't finish your tax return before then. And I hated those K-1s with their depletion, etc. At the end of 2013, with retirement for my husband approaching, we sold all of our individual stocks and put the money into index funds. We sold the shares in the MLP for about $31/share. A year later those shares were less than $11. Two years later, less than $1.50. Dang, we were lucky! (Just in a mental meandering mood.)
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