View Poll Results: Did you file your 2014 taxes, or request an extension?
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Filed *whew*
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75 |
88.24% |
Extended *put 'em off*
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10 |
11.76% |
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04-15-2014, 06:47 PM
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#21
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Recycles dryer sheets
Join Date: May 2011
Location: Austin
Posts: 375
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Filed last night. Owed taxman $258. Could have got some $ back, but triggered AMT.
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04-15-2014, 06:51 PM
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#22
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Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 25,290
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All done, couple months ago. Ours is fairly simple.
__________________
When I was a kid I wanted to be older. This is not what I expected.
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04-15-2014, 09:52 PM
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#23
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Thinks s/he gets paid by the post
Join Date: Nov 2011
Posts: 3,865
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I just noticed TurboTax's amended return feature is not working properly. For each dollar of increase in AGI, Turbotax is saying we owe $10 less (!) in tax. The values it is copying from the original return onto the 1040-X are incorrect.
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04-16-2014, 01:10 AM
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#24
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Recycles dryer sheets
Join Date: Apr 2005
Posts: 415
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Filed and got the refund a few days before I had to send in the 1st Quarter payment. Even had enough left over for a couple of Bloody Mary's. Life is good.
__________________
Mens ability to see the future is limited by their horizons of today!
Unknown!
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04-16-2014, 05:07 AM
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#25
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Full time employment: Posting here.
Join Date: Jan 2011
Location: Southern Maine
Posts: 672
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Quote:
Originally Posted by jon-nyc
Extension. I have a private equity investment that doesnt issue its K1 until September, so i have no choice but to do an extension. Were it not for that, i would have filed.
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+1
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04-16-2014, 05:32 AM
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#26
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Thinks s/he gets paid by the post
Join Date: Aug 2011
Posts: 3,587
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Quote:
Originally Posted by MichaelB
I filed ours and Mom's a couple of weeks ago. Forgot her 1QA estimated. I really need to set her up with EFTPS.
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I had Mom on EFTPS for a year or two. It got to be a hassle with managing PINS/passwords etc in that she does not have her own email. If I recall correctly EFTPS does not allow you to setup permanent recurring payments either.
This year I modified her SS so that Federal withholding would occur from her monthly payment. I downloaded the form, had her sign it, and dropped it off at the drop-box at the local SS office. We received an acknowledgement from Social Security Administration within a few weeks of this. Problem Solved!
-gauss
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04-16-2014, 05:36 AM
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#27
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Full time employment: Posting here.
Join Date: Jul 2011
Posts: 723
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Filed several weeks ago and refunds received. We were off on our projections for 2013 so refunds were higher than we like... should be better this year.
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04-16-2014, 05:40 AM
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#28
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Thinks s/he gets paid by the post
Join Date: May 2011
Location: South Eastern USA
Posts: 1,068
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filed 4/3 got fed refund on 4/15
__________________
All that glitters is not gold. -G. Chaucer, W. Shakespeare
All that is gold does not glitter. -J.R.R. Tolkien
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04-16-2014, 08:37 AM
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#29
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Full time employment: Posting here.
Join Date: May 2010
Posts: 996
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E-filed yesterday since we owed a substantial chunk due to an unexpected windfall. Complete return, including Fed, IN and KY, ran 72 pages.
Glad to be retired with my business closed and no longer any rental condo. Next year's return should be much more reasonable!
__________________
Wherever you go, there you are.
(In other words, no whining!)
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04-16-2014, 08:54 AM
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#30
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2007
Location: Independence
Posts: 7,271
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Filed and sent healthy checks to the fed and Oregon governments on 4/5 for tax due and quarterlies. Sold a place for cash right at the end of 2013. Whuff! On the good side, we got to use up the last of a bad debt loss we had been carrying?
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04-16-2014, 09:04 AM
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#31
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Location: North Scottsdale
Posts: 1,545
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Well I filed my 2013 taxes which is what I assume the poll was asking.
Filed on the 14th via efile. So what happens? On the morning of the 15th I get a corrected 1009B from Morgan Stanley related to some stock options from my former company that I exercised.
Changes my tax due by about $1k in my favor. So now I have to file an amended return. Very frustrating that they wait until the morning of the 15th of April to send the corrected 1099.
__________________
FIRE'D in July 2009 at 51...Never look back!
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04-16-2014, 10:05 AM
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#32
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Administrator
Join Date: Jul 2005
Location: N. Yorkshire
Posts: 34,021
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Quote:
Originally Posted by gauss
I had Mom on EFTPS for a year or two. It got to be a hassle with managing PINS/passwords etc in that she does not have her own email. If I recall correctly EFTPS does not allow you to setup permanent recurring payments either.
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I think you are correct, each year you can set up scheduled payments for the current tax year only.
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Enough private pension and SS income to cover all needs
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04-16-2014, 08:29 PM
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#33
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2008
Posts: 13,127
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Filed in March. Pretty uneventful.. Just how I like it.
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
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04-16-2014, 09:12 PM
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#34
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2009
Posts: 6,679
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I fill out tax returns for my ladyfriend, my best friend (the one I ranted about in another thread), and me using pen and paper with the help of spreadsheets. My ladyfriend's was easy although it was not apparent right away because she donated her dying car to charity which would have required a special form. However, she ended up with the Standard Deduction but could not use one of the short forms because she had done a small rollover of an IRA into her 403b plan and had a tiny state income tax refund the year before when she had itemized.
My own taxes were pretty easy this time because for the first time in 25 years I had neither Schedule A nor Schedule D, so I was able to use 1040A. I still had that somewhat annoying dividends and LTCG worksheet but it is part of my spreadsheet. With no W-2 forms any more (yay!), all I had was the form and the payment voucher and the check.
My friend's tax return was more complicated (he pays me). He had lots of investment income (several 1099s) and wage income including 2 W-2s and a 1099-R with taxes withheld. He also had an odd Form 8949 because a dividend was from a company which had been sold to a foreign-based company so it fell under ADR as a LTCG.
All 3 of us filed our returns at the end of March and the beginning of April because we all owed except for my ladyfriend's state return where she once again has a tiny refund coming.
__________________
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.
"I want my money working for me instead of me working for my money!"
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04-16-2014, 09:29 PM
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#35
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2012
Posts: 6,096
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I do our taxes as the forms come in, so I usually know by mid-February if we have to pay or get a refund. This year for the first time in several years we were due large federal and state refunds, so I filed a month ago. Years when we break even or owe I complete the forms in March but do not push the "e-file" button until April 14th.
__________________
FIREd date: June 26, 2018 - "This Happy Feeling, Going Round and Round!" (GQ)
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