dbmamaz Posted February 4, 2014 Share Posted February 4, 2014 My status is "Why are you reminding me of another chore I need to do?" I think some of the forms came in . . . Quote Link to comment Share on other sites More sharing options...
dirty ethel rackham Posted February 4, 2014 Share Posted February 4, 2014 Getting a refund. Although I did our taxes with estimates for the CSS profile, they really aren't complete because I am waiting for some documentation (and I can probably find more deductions.) I should have them done by the end of the month. The $$ will go in the bank and some will fund an IRA. It may help pay for some travel this summer for dd's climbing (she has a good chance of making Nationals this year.) And some will help pay tuition for college this fall (with 2 kids going.) Quote Link to comment Share on other sites More sharing options...
Joanne Posted February 4, 2014 Author Share Posted February 4, 2014 My update: It was accepted by the IRS since my first post. Applications estimate the deposit on 2/21/2014. Where's My Refund reports is is being processed. My laptop is over 6 years old, does not support modern browsers or recognize wireless printers. I may get a new one. Quote Link to comment Share on other sites More sharing options...
vonfirmath Posted February 4, 2014 Share Posted February 4, 2014 I don't use a tax prep program. I took a tax prep class about 20 years ago (before TurboTax and such programs were widely used) and have just always done it myself. It only takes me about an hour to do the preliminary estimations so it's not a big time sucker. You know how some people love to garden or do yard work or clean their house? Not me. But I LOVE doing our taxes. Sick, I know. I LOVED doing taxes too. My husband work for H&R Block so he does it now. But I "keep a hand in" by going over the printed documents before it goes out. I am waiting for one more document and then he'll take all the paperwork in to work and do our taxes when he hits a slow time (So it might be a couple of weeks) Quote Link to comment Share on other sites More sharing options...
Truscifi Posted February 4, 2014 Share Posted February 4, 2014 I filed with TurboTax on the 1st. My return has been accepted. We're getting a refund that will be almost enough to pay off our last credit card. Yay! Quote Link to comment Share on other sites More sharing options...
Word Nerd Posted February 4, 2014 Share Posted February 4, 2014 Ideally, we'll break even. I'd rather spend or save that money throughout the year than get a big refund. Quote Link to comment Share on other sites More sharing options...
aggie96 Posted February 4, 2014 Share Posted February 4, 2014 Refund for us. The quilt store that I worked at still doesn't have my W-2 to me - I think that they are going to be in big trouble for this because my understanding is that as of today, they still didn't have them ready! I didn't make much and we kept track of the deposits so dh was able to estimate. But, we can't file until we get the blasted thing. I'm trying very hard not to get them in trouble. There are some MEGA health issues that have hit both owners in the last 30 days, however, at some point there is probably going to be some trouble because when they realized they would not be able to get them out on time due to being hospitalized early in January, and then not being well since, they waited until Jan. 30th to hire an accountant!!! Uhm....that should have been the first week of Jan. when they were both so ill. The funny thing is that while the federal refund is good sized, we'll owe about $150.00 to the state. Don't ask me why! Dh's employer has NEVER been able to get the withholding right for the state. We've had this problem every year for the last decade. Just FYI... Owners won't get in trouble for mailing W2s late. The mailing deadline to recipients was Jan 31. Filing with government is end of Feb. This is true for W2s and 1099s. If a recipient reports owner to IRS and opens a case, then owners get in trouble.It stinks that they are late. Quote Link to comment Share on other sites More sharing options...
Annie G Posted February 4, 2014 Share Posted February 4, 2014 Refund for us. The quilt store that I worked at still doesn't have my W-2 to me - I think that they are going to be in big trouble for this because my understanding is that as of today, they still didn't have them ready! I didn't make much and we kept track of the deposits so dh was able to estimate. But, we can't file until we get the blasted thing. I'm trying very hard not to get them in trouble. There are some MEGA health issues that have hit both owners in the last 30 days, however, at some point there is probably going to be some trouble because when they realized they would not be able to get them out on time due to being hospitalized early in January, and then not being well since, they waited until Jan. 30th to hire an accountant!!! Uhm....that should have been the first week of Jan. when they were both so ill. The funny thing is that while the federal refund is good sized, we'll owe about $150.00 to the state. Don't ask me why! Dh's employer has NEVER been able to get the withholding right for the state. We've had this problem every year for the last decade. If I worked at a quilt store the taxes would be the least of my problem. Every week instead of owing me a paycheck, I'd probably owe the store money. We always owe state taxes too. Drives me crazy. Quote Link to comment Share on other sites More sharing options...
Crimson Wife Posted February 4, 2014 Share Posted February 4, 2014 We're still waiting on some of our forms. One of them said it won't be ready until mid-February, which is super-annoying. I thought they had to be out as of the 31st but I guess with all the shenanigans in D.C. last fall, the tax code wasn't finalized on time so the IRS gave an extension on the deadline for sending forms. DH switched jobs mid-year and they took out double Social Security, so we're going to get at least that back. Not sure about the rest since we don't have all of our info. Quote Link to comment Share on other sites More sharing options...
indigomama Posted February 4, 2014 Share Posted February 4, 2014 No idea how ours will turn out: I owe $500 from the 4th quarter (self-employment, there will be a penalty) DH's income was cut (sequester, and then moving to Italy, so our income for the 4th quarter is about 20-25% lower...) Took an emergency pay out from retirement account due to sequester (so, tax hit there) Deductions for preparing house for rental, and taking a loss on the rental (may offset something...not sure how much) I'm hoping, but dh said not to count on anything :( Can I ask a question? You mention that you owe from the 4th quarter foe self-employment and there will be a penalty. We also owe for self employment, but no pernalty seemed to be applied, does it do so automatically? How do I figure out what the penalty is? Quote Link to comment Share on other sites More sharing options...
danybug Posted February 4, 2014 Share Posted February 4, 2014 Care to share any more about TaxAct? I have used TurboTax for years with no issue, but this year the redesign of the UI was just terrible, and the "help" they offer is useless. When I was doing the final check I accidentally checked no to a question where I should have checked yes, and it totally reversed my refund and actually had us paying. The problem was that I didn't know where on the actual form I'd checked that box, and it didn't show up in any of the questions. It was just on the final check. I called in and they tried to help, but I eventually figured it out on my own before they came back to the phone, and when they did come back they gave me the wrong answer. It's frustrating. I'd like to switch but I like that TT transfers the information from prior years, and I have no confidence that others will be any better. I like knowing there's hope! We had issues with Turbotax last year when they changed the 1099 format for capital gains/losses. I was totally frustrated and had no idea how to fix it and the software just kept bumping me around and the customer service was terrible and told me to call our investment company. Some one on here raved about Taxact and I looked in to it and filed with them then. Had no issue and everything easily went in correctly the first time by using their prompts for the investments. Taxact walks you through everything I feel much easier, but also in a more simplified manner. It goes back over everything and double checks at each section and actually gave me a red flag for something and helped me fix my error. It does input info year to year and this year they sent me a notice in the fall to lock in my price then. So, I paid 13.95 for state and federal including inputting info in to both. I know Turbotax is more for the level Taxact is naturally without upgrading. Last year, I contacted customer service and there was no wait time and they were kind and helpful. Look in to it. I feel they are definitely superior for the price. Quote Link to comment Share on other sites More sharing options...
Jane in NC Posted February 4, 2014 Share Posted February 4, 2014 Financial institutions have until February 18 to mail 1099-Bs so I am not in a position to file. Quote Link to comment Share on other sites More sharing options...
Mrs Mungo Posted February 4, 2014 Share Posted February 4, 2014 I don't think we have everything to file yet, but I think we'll get a small refund this year. We adjusted dh's withholdings this past year because we almost had to pay last year. We didn't realize that you don't get the child tax credit the year a child turns 17. Our eldest had turned 17 in December of the previous year, so we didn't get the tax credit for her. We did get a refund, but barely. Quote Link to comment Share on other sites More sharing options...
Heatherwith4 Posted February 4, 2014 Share Posted February 4, 2014 We e-filed federal and state today. Should get federal in about 3 weeks. State will probably be 2-3 weeks. Quote Link to comment Share on other sites More sharing options...
StaceyinLA Posted February 4, 2014 Share Posted February 4, 2014 E-filed ours via Turbo Tax by January 15th. It was accepted around the 24th and we are due a refund before Feb 21st. We have paid the last two years because we couldn't get adjusted to dh's income increase and the inability to claim my kiddos anymore, but this year we are getting back about $6500 (paying state $1400 of that though). Of course it's going into savings because we just took out a chunk for my new vehicle. Quote Link to comment Share on other sites More sharing options...
mommymilkies Posted February 4, 2014 Share Posted February 4, 2014 Mine was accepted last week or so and according to the IRS, it will be sent to our bank the 6th. I can't wait! A good sized refund for us this year since I went back to school last year and dh's measly overtime was all taken by taxes. Quote Link to comment Share on other sites More sharing options...
Elfknitter.# Posted February 4, 2014 Share Posted February 4, 2014 Stuck at Return Received. I keep checking... Quote Link to comment Share on other sites More sharing options...
Annie G Posted February 4, 2014 Share Posted February 4, 2014 I don't think we have everything to file yet, but I think we'll get a small refund this year. We adjusted dh's withholdings this past year because we almost had to pay last year. We didn't realize that you don't get the child tax credit the year a child turns 17. Our eldest had turned 17 in December of the previous year, so we didn't get the tax credit for her. We did get a refund, but barely. I think it's goofy that the cutoff is 17. Either make it a CHILD tax credit that ends at age 12 or so, or go all the way until the kid turns 18! Quote Link to comment Share on other sites More sharing options...
cjzimmer1 Posted February 5, 2014 Share Posted February 5, 2014 I don't think we have everything to file yet, but I think we'll get a small refund this year. We adjusted dh's withholdings this past year because we almost had to pay last year. We didn't realize that you don't get the child tax credit the year a child turns 17. Our eldest had turned 17 in December of the previous year, so we didn't get the tax credit for her. We did get a refund, but barely. This is good to know. My oldest turns 17 this year and I too assumed he would qualify this year but not next year. That's a bummer we lose it a year earlier. Quote Link to comment Share on other sites More sharing options...
mamaraby Posted February 5, 2014 Share Posted February 5, 2014 I use TaxAct to file both Federal and State. I think it's $25 and includes the archive so I can access the return for three years. They also transfer over my info from last year which saves on data entry. I have ours all entered, but I think I'll wait a bit to submit it just in case there's something missing. My big plus is that I got a better picture of how much we saved by refinancing last year. My mortgage interest deduction went down $3000-ish. Quote Link to comment Share on other sites More sharing options...
Kari C in SC Posted February 5, 2014 Share Posted February 5, 2014 Mine are about finished in my turbotax software. I just need to go over it with a fine tooth comb and be sure I entered if all correctly. I actually spent about 40 hours over Christmas break doing them because I had to know if I should pay some of our rental property taxes before the end of the year to maximize our refund. Now I just have to go back and enter a few things and check for accuracy. This will sadly be our last year with a really nice refund because our rental houses have all become profitable. Which is great, but I will miss that chunk of money each year. Quote Link to comment Share on other sites More sharing options...
aggie96 Posted February 5, 2014 Share Posted February 5, 2014 Can I ask a question? You mention that you owe from the 4th quarter foe self-employment and there will be a penalty. We also owe for self employment, but no pernalty seemed to be applied, does it do so automatically? How do I figure out what the penalty is? I have skipped paying estimated taxes (for self employment) before and just waited for the IRS to send the bill for the penalty. The interest rate is not tragic (all considering). If you want to figure out the penalty, there is a form/instructions that will walk you through the math. They have a quirky way of calculating the penalty. On the IRS site, search for Form 2210 to figure your underpayment penalty. Hope that helps. In the past, Turbo Tax has asked during one of the interviews if you have made estimated tax payments. If you say no and get to the end, it says that you may owe a penalty, and do you want TT to figure this for you. If you say yes to letting them figure it for you, they will and then ask if you want to go ahead and pay penalty. In my opinion, it was easier to just let the IRS do it. Quote Link to comment Share on other sites More sharing options...
blondeviolin Posted February 5, 2014 Share Posted February 5, 2014 Ours is filed and accepted. We will get a sizable return which will offset moving costs come summer. Quote Link to comment Share on other sites More sharing options...
mommymilkies Posted February 5, 2014 Share Posted February 5, 2014 Apparently TT screwed up my state return, so it just got rejected. I go back to fix it and spend forever trying to. There's a glitch where it won't accept when my federal return was accepted since it needs to be after 1/31 even though I have documentation that it was accepted 1/28. I'm really mad and not using them next year. This is a disaster. Quote Link to comment Share on other sites More sharing options...
Tree Frog Posted February 5, 2014 Share Posted February 5, 2014 I don't think we have everything to file yet, but I think we'll get a small refund this year. We adjusted dh's withholdings this past year because we almost had to pay last year. We didn't realize that you don't get the child tax credit the year a child turns 17. Our eldest had turned 17 in December of the previous year, so we didn't get the tax credit for her. We did get a refund, but barely. That was a surprise to us as well. Quote Link to comment Share on other sites More sharing options...
indigomama Posted February 5, 2014 Share Posted February 5, 2014 I have skipped paying estimated taxes (for self employment) before and just waited for the IRS to send the bill for the penalty. The interest rate is not tragic (all considering). If you want to figure out the penalty, there is a form/instructions that will walk you through the math. They have a quirky way of calculating the penalty. On the IRS site, search for Form 2210 to figure your underpayment penalty. Hope that helps. In the past, Turbo Tax has asked during one of the interviews if you have made estimated tax payments. If you say no and get to the end, it says that you may owe a penalty, and do you want TT to figure this for you. If you say yes to letting them figure it for you, they will and then ask if you want to go ahead and pay penalty. In my opinion, it was easier to just let the IRS do it. Thank you, that was just what I wanted to know! Quote Link to comment Share on other sites More sharing options...
BlsdMama Posted February 5, 2014 Share Posted February 5, 2014 A lovely federal return.... which will be gobbled by the state of Oregon. Not entirely though as there will be a bit to contribute to two tickets to Europe for DH and DD for this fall and paying off a medical bill. Quote Link to comment Share on other sites More sharing options...
Runningmom80 Posted February 5, 2014 Share Posted February 5, 2014 Ugh, my ds will turn 17 in November, (in 10 years lol) I feel cheated! Quote Link to comment Share on other sites More sharing options...
Mommee & Baba Posted February 5, 2014 Share Posted February 5, 2014 I used TurboTax on Jan. 25th. I check on the status and it states the refund should be "sent to bank" February 6th (TOMORROW!!). Quote Link to comment Share on other sites More sharing options...
Jerico Posted February 5, 2014 Share Posted February 5, 2014 Filed and waiting for my money!! We are getting about $7500! We had to sell our car last year to even make it through the year financially (and paid ofd our medical bills) so we will be getting a second car. We won't be stuck at home all week! :) i am really hoping we won't need our tax money next year. For the past few years we have needed it just to survive. It would be nice to have something to save next year. Quote Link to comment Share on other sites More sharing options...
MyThreeSons Posted February 6, 2014 Share Posted February 6, 2014 Our refund was in our checking account when I woke up this morning. Now I can go pay our property taxes and transfer most of the rest to savings. I do need to spend some on clothes and shoes. Quote Link to comment Share on other sites More sharing options...
FaithManor Posted February 6, 2014 Share Posted February 6, 2014 Just FYI... Owners won't get in trouble for mailing W2s late. The mailing deadline to recipients was Jan 31. Filing with government is end of Feb. This is true for W2s and 1099s. If a recipient reports owner to IRS and opens a case, then owners get in trouble.It stinks that they are late. They still have not sent the W2's. They won't return my phone calls. Quote Link to comment Share on other sites More sharing options...
AlmiraGulch Posted February 6, 2014 Share Posted February 6, 2014 Our refund was in our checking account when I woke up this morning. Now I can go pay our property taxes and transfer most of the rest to savings. I do need to spend some on clothes and shoes. Mine, too, although it's not very much. It's enough to pay my annual homeowners association dues, for my husband to buy that guitar from his co-worker that he HAS to have (because the bazillion he has already aren't enough....this one is DIFFERENT!), and pay for my daughter's driving lessons. Again. Because she just isn't learning from me. How very exciting. Sigh. Quote Link to comment Share on other sites More sharing options...
peachskittles Posted February 6, 2014 Share Posted February 6, 2014 Mine was accepted on the 29th, but still waiting to be approved. One of my sister's was accepted on the 31st, but still waiting to be approved. My other sister was accepted on the 30th and hers will be deposited on Monday the 10th. There goes the nice easy payment schedule from the IRS (like last year I believe was Fridays). I only know that I need this money to come now. Any other year, eh, whatever, but this year we are in the red really bad. C'mon money! Quote Link to comment Share on other sites More sharing options...
twoxcell Posted February 6, 2014 Share Posted February 6, 2014 Where's My Refund still does not show a date for my refund this morning and mine was accepted on the 28th. :thumbdown: Quote Link to comment Share on other sites More sharing options...
carriede Posted February 6, 2014 Share Posted February 6, 2014 I filed our Federal Taxes last night using FreeTaxUSA.com. I've used them for the past 6 years, I believe. I'll start working on our GA State Taxes in the next couple of days. I'm going to try the Dept of Revenue's online system so I don't have to pay FreeTaxUSA $12 to file the state tax portion. Our tax returns are very simple. :) ETA: We will be getting a refund from both Fed and GA. But, we've done some revising of DH's W4s and such so the amount taken out of his pay is more similar to what we actually owe, maximizing our paychecks. Quote Link to comment Share on other sites More sharing options...
mommymilkies Posted February 6, 2014 Share Posted February 6, 2014 Not here yet. :crying: Quote Link to comment Share on other sites More sharing options...
Mommy22alyns Posted February 6, 2014 Share Posted February 6, 2014 Filed early, got accepted the 2nd, DDD the 10th! Quote Link to comment Share on other sites More sharing options...
carriede Posted February 7, 2014 Share Posted February 7, 2014 I filed our Federal Taxes last night using FreeTaxUSA.com. I've used them for the past 6 years, I believe. I'll start working on our GA State Taxes in the next couple of days. I'm going to try the Dept of Revenue's online system so I don't have to pay FreeTaxUSA $12 to file the state tax portion. Our tax returns are very simple. :) ETA: We will be getting a refund from both Fed and GA. But, we've done some revising of DH's W4s and such so the amount taken out of his pay is more similar to what we actually owe, maximizing our paychecks. Just got an email that my return has been accepted - took less than 24 hours! Now up to 21 days to wait for direct deposit. Quote Link to comment Share on other sites More sharing options...
Elfknitter.# Posted February 7, 2014 Share Posted February 7, 2014 Where's My Refund still does not show a date for my refund this morning and mine was accepted on the 28th. :thumbdown: Same. Just keep waiting... Quote Link to comment Share on other sites More sharing options...
AlmiraGulch Posted February 7, 2014 Share Posted February 7, 2014 I have no idea where my state refund is. It's even smaller than my federal, but it's still mine and I want it! The return was accepted but not until 2/2, so I wasn't expecting to see it yet anyway, but when I go to the state "Where's My Refund" site and enter the info it says that the information doesn't match their records. So, I'll just wait. It'll show up. I hope. Quote Link to comment Share on other sites More sharing options...
Venia Posted February 7, 2014 Share Posted February 7, 2014 We are getting refunds. I e-filed ours on January 27th through HRBlock online. It was accepted on Feb 1st and its says on the IRS website we should get our direct deposit posted on the 10th. Our state refund actually posted today. This is the first time I've actually finished ours so early. I usually drag it out to the last minute, lol. Quote Link to comment Share on other sites More sharing options...
Pegasus Posted February 7, 2014 Share Posted February 7, 2014 Ugh, my ds will turn 17 in November, (in 10 years lol) I feel cheated! Yeah, DD turned 17 in November and I feel a bit cheated too to lose the child tax credit. However, I got to claim her for the year she was born and she'd only been around for a few weeks. It balances out. Quote Link to comment Share on other sites More sharing options...
StartingOver Posted February 7, 2014 Share Posted February 7, 2014 I did mine the 31st, it was accepted that day. Today it was approved, and should be sent direct deposit the 10th. Quote Link to comment Share on other sites More sharing options...
mytwomonkeys Posted February 7, 2014 Share Posted February 7, 2014 We got ours today. :) Yay! Quote Link to comment Share on other sites More sharing options...
LucyStoner Posted February 7, 2014 Share Posted February 7, 2014 My federal deposit date was today but we haven't seen it hit yet and it isn't marked as sent, just approved. We aren't in a big hurry to get it though (at least 1/2 is just going to savings) but I am waiting to reserve our summer camping sites until I get it. Quote Link to comment Share on other sites More sharing options...
LucyStoner Posted February 7, 2014 Share Posted February 7, 2014 Yeah, DD turned 17 in November and I feel a bit cheated too to lose the child tax credit. However, I got to claim her for the year she was born and she'd only been around for a few weeks. It balances out. Yeah, we got a 2008 tax rebate, the child tax credit and the exemption for a child who was all of 3 days old on Jan 1. It balances out. Quote Link to comment Share on other sites More sharing options...
MyThreeSons Posted February 7, 2014 Share Posted February 7, 2014 I don't use a tax prep program. I took a tax prep class about 20 years ago (before TurboTax and such programs were widely used) and have just always done it myself. It only takes me about an hour to do the preliminary estimations so it's not a big time sucker. You know how some people love to garden or do yard work or clean their house? Not me. But I LOVE doing our taxes. Sick, I know. nah .... not sick. A little weird, maybe, but not sick. Quote Link to comment Share on other sites More sharing options...
aggie96 Posted February 7, 2014 Share Posted February 7, 2014 They still have not sent the W2's. They won't return my phone calls. I'm not an accountant, just a small business owner who had to become very, very educated regarding taxes throughout the last 7 years...BUT I *think* you might be able to use your year end totals from your last paycheck and when asked if you are using a W2 that was provided or prepared, you answer no and go from there. I can't remember the exact question from the software so this could be completely wrong. But it might be worth pursing or researching. Hope this helps some. ...It's really crappy and irresponsible to not send out W2s in a reasonable time frame regardless of life's circumstances. We take on certain responsibilities as a business owner regarding our employees. :( I know it's hard as an owner. I know. Quote Link to comment Share on other sites More sharing options...
PinkyandtheBrains. Posted February 7, 2014 Share Posted February 7, 2014 Well filed, not date on refund yet. Quote Link to comment Share on other sites More sharing options...
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