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Thread: Tax Season

  1. #1
    You're being very UnDude. sonny's Avatar
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    Tax Season

    Are you like me, friends?

    Are you one of the millions of Americans who filed their taxes early this year only to discover its going to be a long wait? Due to an apparent system glitch and the awesome idea of updating security software at tax season, I am still waiting on my refund.

    Initially, i was told that my refund would get deposited on the 11th of Feb then it changed to the 15th, then the 26th then they said they had no record of my tax return, now they're telling me it's going to be in March.

    Anybody else having this kind of fun?
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  3. #2
    Member medford's Avatar
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    Re: Tax Season

    I think so, I've filed federally, saw some notice about delay in refunds, but haven't paid attention. I think I was originally due this week, perhaps next. I guess if its mid march I'll survive. Just wish that the times in the past when I've owed money at season's end, and have delayed filing until the begining of april to hold on to that money as long as possible, that there would have been a glich to allow me to hold on to the money uncle sam tells me I owe them a few weeks longer.

    so reading this prompted me to actually check. Last time I tried the site wasn't working for whatever reason. It says me check is scheduled to be mailed today, which is about the time frame that H&R block told me they'd send it out when I filed. It says if I don't see it by the 21st of March to file a report or something. Perhaps if you check again your check is in the mail. Or are you having it directly deposited? Perhaps that's allowed mine to role on the original time frame. Didn't feel like paying the extra fee to have it directly deposited, I'm cheap like that.
    Last edited by medford; 02-22-2012 at 03:29 PM.

  4. #3
    Nerdvana Annihilation
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    Re: Tax Season

    I guess I got lucky.

    I filled 2/11/2012 and got my refund yesterday 2/21/2012. Did it through turbo tax.

  5. #4
    Mr.Redlegs is my homeboy Eric_the_Red's Avatar
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    Re: Tax Season

    I used TurboTax to e-file on 2/5, and my refund is scheduled to be direct deposited tomorrow hopefully.
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  6. #5
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    Re: Tax Season

    I did Turbo Tax, Jan 31st. Got my refund Feb 15th. Sounds like I got lucky.
    Let's make some noise!

  7. #6
    On the brink wolfboy's Avatar
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    Re: Tax Season

    What is this refund you speak of?
    How do we know he's not Mel Torme?

  8. #7
    Member cumberlandreds's Avatar
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    Re: Tax Season

    I did mine about Jan 31. No problems for me. I used Tax Slayer. My refund was very small so that may have had something to do with it too.
    Reds Fan Since 1971

  9. #8
    Be the ball Roy Tucker's Avatar
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    Re: Tax Season

    I hate taxes.

    Pay attention to the open sky

  10. #9
    Resident optimist OldRightHander's Avatar
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    Re: Tax Season

    Taxes are a pain these days. I don't even know what a refund is. I gave those up when I became self employed, but I think soon I'm going to make myself an employee of my corporation and take taxes out of that pay to make the burden a little easier come filing time next year.
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  11. #10
    Plan to be spontaneous Jefferson24's Avatar
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    Re: Tax Season

    I got over $6,000 back this year. My wife and I had them hold out extra each check and we also had over $16,000 in medical expenses so were were able to itemize and take a larger deduction. Usually we only get about $1,000 on the federal return.

    Paid off my car and both credit cards.

    My return took about two weeks to process, got it last week. Still waiting on the state return though.
    We only live in patches. - H. G. Wells

  12. #11
    We Need Our Myths reds1869's Avatar
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    Re: Tax Season

    We are getting a refund this year. One of the benefits of my free lance income decreasing was that my wife's withholding completely covered the tax due. One of the downsides is that I didn't make any money. Thankfully I'm going back to the world of the traditionally employed on Tuesday and will not have to worry about 1099s much longer.

  13. #12
    Danger is my business! oneupper's Avatar
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    Re: Tax Season

    Finished my taxes yesterday. Did my company's a week ago.

    Used to be that brokers had until Jan 31 to deliver 1099-INT, B's and DIVs. Now its Feb 15 and much more complicated due to the phase-in of cost basis reporting (brokers will now report the original cost of your investments to the IRS, and not only the sales of them).
    For those who have investments, things got more complicated.

    Hopefully with some better planning, I can reduce my tax bill next year.
    "A person is smart. People are dumb, panicky, dangerous animals and you know it."

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  14. #13
    Member JaxRed's Avatar
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    Re: Tax Season

    Bought 2 rental properties this year. First time I've never been able to do my own taxes. That depreciation stuff gets deep.

  15. #14
    Danger is my business! oneupper's Avatar
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    Re: Tax Season

    Quote Originally Posted by JaxRed View Post
    Bought 2 rental properties this year. First time I've never been able to do my own taxes. That depreciation stuff gets deep.
    Wait till you sell them.
    "A person is smart. People are dumb, panicky, dangerous animals and you know it."

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  16. #15
    Danger is my business! oneupper's Avatar
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    Re: Tax Season

    Quote Originally Posted by OldRightHander View Post
    Taxes are a pain these days. I don't even know what a refund is. I gave those up when I became self employed, but I think soon I'm going to make myself an employee of my corporation and take taxes out of that pay to make the burden a little easier come filing time next year.
    You should be doing this. And clearly separating "company" and personal expenses.
    Plus putting away money in a company retirement plan (401k, DBP, Simple, etc). You get to put more away that way.
    The individual IRAs are only like 5000 a year.
    "A person is smart. People are dumb, panicky, dangerous animals and you know it."

    http://dalmady.blogspot.com


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