Very difficult for most of us to take advantage of this, due to the 200% fed poverty level. When we do the math, unfortunately that is the outcome.FYI ... my wife received this Email today:
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Very difficult for most of us to take advantage of this, due to the 200% fed poverty level. When we do the math, unfortunately that is the outcome.FYI ... my wife received this Email today:
I dont know what the poverty level is.Very difficult for most of us to take advantage of this, due to the 200% fed poverty level. Do the math.
Just finished my federal tax forms. Ugh. We owe. But that's because we had a some capital gains from sale of stocks. All y'all not selling will be in for a surprise when ole Joe's puppet masters cranked up the capital gains tax rates this year! We didn't owe a lot as we would have otherwise got a bit back without our gains. I would much rather owe a couple hundred at the end of the year then be owed.
BTW, Texas has NO state income tax! Take that bitches!
He pledged to raise taxes. Give it time. First the "big corporations" and the "wealthy" and then you and I. Besides, they are inflating the money supply so it has no value any more. If they retain the House and Senate in 2022, all the taxes are going up.There has not been a tax rate hike for 2021 with the potential for one remaining unlikely.
He pledged to raise taxes. Give it time. First the "big corporations" and the "wealthy" and then you and I. Besides, they are inflating the money supply so it has no value any more. If they retain the House and Senate in 2022, all the taxes are going up.
I don't think that's the way this works though . . .. . . Besides, they are inflating the money supply so it has no value any more.
Anyone else still not get their tax return? I already blew my load on an auxiliary battery setup for my shagging van with the money, but the IRS appears to be taking their sweet f***ing time cutting the check.
Anyone else still not get their tax return? I already blew my load on an auxiliary battery setup for my shagging van with the money, but the IRS appears to be taking their sweet f***ing time cutting the check.
Anyone else still not get their tax return? I already blew my load on an auxiliary battery setup for my shagging van with the money, but the IRS appears to be taking their sweet f***ing time cutting the check.
Between the extension to 5/15 deadline and IRS staffing issues, I wouldn't be surprised if returns take a month+ for paper checks. Direct deposit might speed that up, but I heard it is still taking up to 3+ weeks on those as well.
I filed my mother's return (mailed, problems with her e-filing) in late March. All she was getting was her $600 stimulus payment which she had not received.
She received her direct deposit the middle of this month
Interesting. I did had both my Corp & personal filed by March 1 this year, no issues at all. Then again I haven’t received a refund in 20+ years.IRS was funny this year. Along with the push of the deadline, they also pushed the start of the processing. I usually file mine as soon as I get my W-2, but was told by the IRS that they were not accepting tax returns when I tried to file back in Feb. Not sure how long that lasted, but could also be part of your delay as well on the paper end. They were probably sitting on a mountain of backlog as soon as they officially opened the flood gates. And that's not even to mention all the prior year's extensions they had to try to process on a skeleton crew in the midst of 2020 lockdown.
Interesting. I did had both my Corp & personal filed by March 1 this year, no issues at all. Then again I haven’t received a refund in 20+ years.
We e-filed on 3/7, just got our return yesterday. For us it was the recovery rebate credit that slowed it down.I’m still waiting on my federal return that I filed on 4/10. I usually file as soon as I get my w2 but I wasn’t hard up for money due to my leach of an ex gf leaving. Waited on hold for an hour to speak to someone. They said there was some glitch with the stimulus payments that affected my return. Oh well, guess I’ll keep waiting.
I’m still waiting on my federal return that I filed on 4/10. I usually file as soon as I get my w2 but I wasn’t hard up for money due to my leach of an ex gf leaving. Waited on hold for an hour to speak to someone. They said there was some glitch with the stimulus payments that affected my return. Oh well, guess I’ll keep waiting.
If I knew it would take this long for everyone to get their money, I would have delayed my tax payment until August.
I didn’t get my allowance until a couple of weeks ago. Filed in March.Anyone else still not get their tax return? I already blew my load on an auxiliary battery setup for my shagging van with the money, but the IRS appears to be taking their sweet f***ing time cutting the check.
If I read that portion of the tax code correctly, even if you do file for an extension and get to delay paying your taxes until August, you may avoid a penalty but still pay interest on the amount owed.
If so, you would be paying the gubmint extra money to delay paying them on time.
My brother received a letter from the IRS stating that he had miscalculated his taxes. He is subject to penalties including seizing his house and other assets as well as garnishing his wages.
They say he (his cpa) miscalculated his taxes by 77 cents. They added on another 30 cents for interest and a penalty of $40 on top of that. So they sent him a bill for $41. He says it is just cheaper to just pay the blood suckers. I wonder how many other people across this country are being strong armed by these people. Another family member still hasn't received his refund even though he filed in March. I wonder if they will pay him that much interest? /rhetorical sarcasm
Has be brought this to his CPA for resolution? The CPA should at least pay this penalty for him.
My brother received a letter from the IRS stating that he had miscalculated his taxes. He is subject to penalties including seizing his house and other assets as well as garnishing his wages.
They say he (his cpa) miscalculated his taxes by 77 cents.
Something doesn't sound right. $0.77?? I haven't seen the IRS determine taxes to the penny with rounding eliminating that sort of nonsense. And an immediate threat of garnishment of wages and assets? Something doesn't sound right... What's the rest of the story?