Anyone file their taxes yet?

[mztykal]

Waiting on 2 more 1099's and I continue scheduling my payment... Sad...

 

[gorcorps]

Sooooo..... I got an 1099-INT for $956 this year...

Why you ask?

Because of the Bank of America "Keep The Change" promotion where they would match the first $250 of your account (after leaving the account open for 1 year). I opened up 4 accounts and tried to max them all out. Well, apparently that is considered taxable interest, which is complete bullshit. That is a promotional match, it has nothing to do with interest payments.

It's funny, you don't get an 1099-INT if say... You get a credit card promotion to spend $500 and get a $100 Cashback. But if you do it with a bank account you do. And this only happened recently ( < 3 years ago IIRC). Fucking. Bullshit.

I got one from opening a checking account that gave me $100 for doing so. It's still income (as piddly as it may be), and the gov wants their cut.

How would I know if I paid points? Would it be on the 1098 or would I need to look back at our mortgage docs? Because like I said, they covered pretty much ALL the costs of refinancing.

Yes, it should be on your 1098. Everything that's deductible should appear on your 1098, so if you have zero in your "points paid" then you didn't have any deductible points paid. That's what I have, zero on points but have deductible interest and mortgage insurance.

 

[s0me0nesmind1]

I got one from opening a checking account that gave me $100 for doing so. It's still income (as piddly as it may be), and the gov wants their cut.

You get Income for Credit Cards cashback, shouldn't that be a cut? You get interest for all kinds of things (IE: Cash back websites). These were determined quite a while ago that these weren't taxable. Why checking account rewards became taxable all of a sudden is beyond me. Just because something puts money into your pocket doesn't justify taxation.

Yes, it should be on your 1098. Everything that's deductible should appear on your 1098, so if you have zero in your "points paid" then you didn't have any deductible points paid. That's what I have, zero on points but have deductible interest and mortgage insurance.

Thanks. I'm expecting 2 1098's. The one before my refi and the one after my refi.


Sadly, I took a look at my last paycheck and input some numbers into the Turbo Tax... it looks like I'm going to be owing a considerable chunk of ~$3k this year. Not quite sure why so much.... Or how my deductions ended up that way...

 

[rsbennett00]

I don't usually bother until April since on paper I only make minimum wage and have my w4 set to pull nothing so it balances out.

 

[Spacehead]

We were informed yesterday as they handed out checks that our W2's aren't done & have no idea when they will be done. An outside firm does them & our secretary said she hasn't been able to contact them & they aren't returning her calls.

:\

 

[Mixolydian]

finally got my dubya-too yesterday

 

[Engineer]

I would think with computers becoming faster and more and more software to make all of this easier would speed up the process, but I swear, the time it takes to get documents every years gets longer and longer. Are these companies running skeleton crews? I just don't understand why I could get the same documents 15 years ago before January 31st but now, they are delayed to Feb. 17th before we even get to mid January (by announcement). :/

 

[Brovane]

We were informed yesterday as they handed out checks that our W2's aren't done & have no idea when they will be done. An outside firm does them & our secretary said she hasn't been able to contact them & they aren't returning her calls.

:\

Legally the employer is required to have W-2 form's sent to the employees by January 31st.

http://www.irs.gov/taxtopics/tc154.html

 

[s0me0nesmind1]

Legally the employer is required to have W-2 form's sent to the employees by January 31st.

http://www.irs.gov/taxtopics/tc154.html

Grrrr it's the 31st.

My 2 W2's, 2 1098's, and few 1099's better arrive today

 

[Vinny N]

Only needed one W-2 this year and I got it on the 21st/22nd electronically. Filed the same day. Got my refund via direct deposit yesterday

 

[Spacehead]

Legally the employer is required to have W-2 form's sent to the employees by January 31st.

http://www.irs.gov/taxtopics/tc154.html

Yeah, i know that & my employer knows that. I'm not sure what we're supposed to do when we're waiting on some one from outside the company to create them for us.
Apparently all the info is there on our computers.


edit
Also, still waiting on other forms... 1099's & such

 

[Brovane]

Yeah, i know that & my employer knows that. I'm not sure what we're supposed to do when we're waiting on some one from outside the company to create them for us.
Apparently all the info is there on our computers.


edit
Also, still waiting on other forms... 1099's & such

http://www.irs.gov/taxtopics/tc154.html


Employers/payers have until February 2, 2015 to issue Form W-2 (PDF), Wage and Tax Statement, and Form 1099-R (PDF), Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc., for the current processing year. If you do not receive them by February 2, 2015, or if your information is incorrect on these forms, contact your employer/payer.

If it is after February 14, and you still have not received the missing or corrected form, you may call the IRS at 800-829-1040 for assistance. When you call, please have the following information available:

Your name, address (including ZIP code), phone number and Social Security number.
Your employer/payer's name, address (including ZIP code), and phone number,
If known, your employer/payer’s identification number (EIN),
An estimate of the wages you earned, your federal income tax withheld and your dates of employment.
After February 14, the IRS will contact the employer/payer for you and request the missing or corrected form. The IRS will also send you a Form 4852 (PDF), Substitute for Form W-2, Wage and Tax Statement, or Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc., along with a letter containing instructions.

If you do not receive the missing or corrected form in sufficient time to file your tax return, you may use Form 4852 to complete your return. If you receive the missing or corrected Form W-2 or Form 1099-R after you file your return and the information differs from your estimates, use Form 1040X (PDF), Amended U.S. Individual Income Tax Return. For additional information on filing an amended return, refer to Topic 308. Forms are available on IRS.gov or by calling 800-TAX-FORM (800-829-3676).

 

[JDawg1536]

OK good. As long as I'm not the only one, I'm not worried.

Last year they didn't do shit until the 31st.

Mine was approved yesterday. Says I'll get it on Wednesday.

 

[Uppsala9496]

Received my W2 in the mail Friday. Wife's W2 wasn't there (both work for the same company). I bet those morons mailed it to our old address which we haven't lived at in over 2 years. The incompetence is amazing considering we have paper trails of completing the address change here at work.
Still waiting on some 1098's.

 

[ghost recon88]

When everything is calculated and done electronically, why does it take Edward Jones 1.5 months from the end of 2014 to get me my 1099? Shouldn't that be calculated and processed by the first week of January?

*conspiracy theory* All these retirement companies are working with the government to delay for as long as possible refunding people money!

 

[Mixolydian]

did my taxes in about 30 mins from start to finish yesterday. my refund is more than double what I had expected it to be. :thumbsup:

 

[Engineer]

When everything is calculated and done electronically, why does it take Edward Jones 1.5 months from the end of 2014 to get me my 1099? Shouldn't that be calculated and processed by the first week of January?

*conspiracy theory* All these retirement companies are working with the government to delay for as long as possible refunding people money!

I pretty much said the same thing above and agree 100%. Looking back over the last 15 years, I would say it's getting to be a longer wait year over year for these documents. Not sure what the big issue is in holding up 1099's and other documents.

 

[TwiceOver]

Our former daycare lady sent us our dependent care spending sheet at 11:45pm Saturday. Sigh, I really liked her but laziness like this was part of her problem.

All done, sent. Getting $200 more than I had expected. Time to adjust my withholding again.

 

[Spacehead]

They handed out W2's today. Must of came in & worked on them over the weekend.

 

[highland145]

The business cleared $13K less. The wife made $4K less. Crap. Should count my blessings. I didn't miss a meal and the bills are paid.


I am getting a large refund because I'm too lazy to figure the quarterly taxes and just pay the same each month.

 

[ControlD]

I still haven't bought Turbo Tax yet. I should probably do that sometime soon. The fun went out of doing taxes a long time ago when I went from single and getting a big chunk back to married and paying a big chunk.

 

[IronWing]

My fair state got rid of the bar codes on the returns. Whatever system they use now is slower. I WANT MY MONEY! IT'S MY MONEY, SEND IT BACK YOU THIEVES! /spidey mode

 

[nageov3t]

handed them off to my sister's father-in-law who's a CPA, although obviously I'm at the bottom of the pile after his actual paying clients.

 

[Printer Bandit]

have to pay $9K federal. did i do something wrong?

 

[Tweak155]

have to pay $9K federal. did i do something wrong?

You earned an income.

Last year they stole another $3800 so I upped my fed contribution by ~$100 bi-weekly to bring it down closer to $2k at end of year.

This year we owe $4800 due to a raise & OT compensation. Yay taxes.