Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 02-15-2012, 08:11 PM   #21
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Rocky Inlets
Posts: 24,445
Quote:
Originally Posted by skipro3 View Post
Finally after weeks of denying that they are holding the information about e-file returns, the IRS website posted this;

The issue still stands; why are they holding my refund, when every year prior, I got it within the week? Their explanation is only addressing the status update of the refund, not the delay in receiving the refund. It sure sounds to me that they are exercising their claim to get refunds within 21 days;

I don't want an apology any more than they would want an apology if I owed them and delayed in payment. Apologies don't cut the mustard and most certainly don't pay the bills.
If you filed Feb 2 the IRS 10 to 21 day refund window is still open 'till the 23rd. Another week to go. Isn't it a bit early to be demanding an apology? If you feel strongly about this you could contact IRS taxpayer advocate or either of your congressional representatives.
__________________

__________________
MichaelB is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 02-15-2012, 09:10 PM   #22
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,384
Quote:
Originally Posted by MichaelB View Post
If you feel strongly about this you could contact IRS taxpayer advocate or either of your congressional representatives.
Yes; they should be thrilled to help with this.
__________________

__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is online now   Reply With Quote
Old 02-15-2012, 09:28 PM   #23
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Rocky Inlets
Posts: 24,445
Quote:
Originally Posted by haha View Post
Yes; they should be thrilled to help with this.
I assisted someone who had missed an IRA withdrawal. Before the rule change, when you had to pay the penalty and then ask for forgiveness. We did, wrote a nice letter of apology and everything. The reason for the missed withdrawal was as legit as it gets. 8 months later we followed up with the taxpayer advocate, and the person we spoke with scolded us for not allowing enough time. The IRS did eventually waive the penalty. It only took 7 years and the involvement of the senior state senator.
__________________
MichaelB is offline   Reply With Quote
Old 02-15-2012, 10:04 PM   #24
Thinks s/he gets paid by the post
Brett_Cameron's Avatar
 
Join Date: May 2011
Location: South Eastern USA
Posts: 1,010
I e-filed with TT on Feb 11, IRS website says I should get refund by Feb 28th.
__________________
Brett_Cameron is offline   Reply With Quote
Old 02-15-2012, 10:25 PM   #25
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,384
Quote:
Originally Posted by MichaelB View Post
I assisted someone who had missed an IRA withdrawal. Before the rule change, when you had to pay the penalty and then ask for forgiveness. We did, wrote a nice letter of apology and everything. The reason for the missed withdrawal was as legit as it gets. 8 months later we followed up with the taxpayer advocate, and the person we spoke with scolded us for not allowing enough time. The IRS did eventually waive the penalty. It only took 7 years and the involvement of the senior state senator.
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is online now   Reply With Quote
Old 02-15-2012, 10:26 PM   #26
Moderator
Alan's Avatar
 
Join Date: Jul 2005
Location: Eee Bah Gum
Posts: 21,093
Until this thread I didn't even know there was an IRS site where you can go and check your refund. Life's too short for me to be hanging around tapping my foot angrily waiting for a refund to be deposited.

This year I had to file by mail and I have the return receipt from the Post Office to prove it was delivered. If I don't get the refund in 6 weeks I'll start worrying.
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Now it's adventure before dementia
Alan is offline   Reply With Quote
Old 02-15-2012, 10:49 PM   #27
gone traveling
 
Join Date: Sep 2011
Location: Placerville
Posts: 161
Quote:
Originally Posted by MichaelB View Post
If you filed Feb 2 the IRS 10 to 21 day refund window is still open 'till the 23rd. Another week to go. Isn't it a bit early to be demanding an apology? If you feel strongly about this you could contact IRS taxpayer advocate or either of your congressional representatives.
At the risk of repeating myself, I don't want no stinkin' apology, I want my money refunded wit the same expediency they have refunded it in the past. Where did you read that I was demanding an apology?

This isn't an issue about taking a longer time anymore. The issue now is that the IRS is using an excuse for the delay in posting the status of individual tax returns on their website as the reason for delaying the refund to individual's bank account.

Let me say that again;
How is the delay of posting a refund status have anything to do with the delay of the automatic deposit of an e-file? They are throwing up smoke and mirrors here, distracting the delay of the deposit with some story about the delay of the status. They are explaining NOTHING about the delay for the refund this year.

I'm comparing their refund speed this year with all other years. I'm sure they have the same 21 day disclaimer for all the past years too, but habitually issued the returns weekly. I question the reason for the delay this year is all...
__________________
skipro3 is offline   Reply With Quote
Old 02-15-2012, 11:00 PM   #28
Moderator
Alan's Avatar
 
Join Date: Jul 2005
Location: Eee Bah Gum
Posts: 21,093
Quote:
Originally Posted by skipro3 View Post
I'm comparing their refund speed this year with all other years. I'm sure they have the same 21 day disclaimer for all the past years too, but habitually issued the returns weekly. I question the reason for the delay this year is all...
I'm sure they have the 21 day disclaimer because, sometimes, it takes that long.
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Now it's adventure before dementia
Alan is offline   Reply With Quote
Old 02-15-2012, 11:23 PM   #29
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,860
Here's an article that explains a possible reason, if not an excuse, for the delay in refunds this year:

Congress' Delay Will Delay Tax Refunds, Too
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is online now   Reply With Quote
Old 02-16-2012, 06:16 AM   #30
Moderator
Walt34's Avatar
 
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 16,528
From the IRS web site:

Quote:
Update: We are aware that some taxpayers who have filed electronically and received an acknowledgement from the IRS are concerned when they visit "Where's My Refund" and are told that we have no information regarding their return. This is a temporary situation, and we expect to resolve the matter in a few days. At that time, taxpayers will be able to get an expected refund date when they visit "Where's My Refund."


If a taxpayer received an acknowledgment message that their e-filed tax return has been received, they can be assured that the IRS has the tax return even though "Where's My Refund" does not reflect that. Taxpayers should not call the IRS unless specifically directed by "Where's My Refund," as there is no new information to give them.


We expect the vast majority of tax refunds to continue to be issued within the historical range of 10 to 21 days. The IRS is taking steps to update information so that Where's My Refund has current information. The IRS apologizes for any inconvenience and will provide updated information as soon as possible.
__________________
I heard the call to do nothing. So I answered it.
Walt34 is offline   Reply With Quote
Old 02-16-2012, 07:13 AM   #31
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Rocky Inlets
Posts: 24,445
So, a little web searching shows the IRS advised about this problem in late January. See here IRS Refund Delay and Real-Time Tax System: Accounting Today

Quote:
The IRS sent out a notice to tax professionals last Thursday apologizing for the delay (see IRS Warns of Tax Refund Delays). The IRS noted that the delay only affects some early filers, and taxpayers whose returns were accepted by the IRS on or after January 26 would not experience the delay. Their tax returns would be processed normally.
The question now is if the IRS takes the entire 21 days to provide the refund is it on time or is it a delay because it did to meet previous year processing speeds? A poll, perhaps?
__________________
MichaelB is offline   Reply With Quote
Old 02-16-2012, 07:22 AM   #32
Recycles dryer sheets
justplainbll's Avatar
 
Join Date: Sep 2011
Location: Easten Long Island
Posts: 414
Some brokers, e.g. MLPFS, have not yet sent out 1099's.
__________________
justplainbll is offline   Reply With Quote
Old 02-16-2012, 07:51 AM   #33
gone traveling
 
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,851
Quote:
Originally Posted by Alan View Post
Life's too short for me to be hanging around tapping my foot angrily waiting for a refund to be deposited.
Which just proves that it's good to be FI (me/we too )...
__________________
rescueme is offline   Reply With Quote
Old 02-16-2012, 09:33 AM   #34
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
Quote:
Originally Posted by justplainbll View Post
Some brokers, e.g. MLPFS, have not yet sent out 1099's.
Just got mine yesterday from Schwab's website.
__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Old 02-16-2012, 01:56 PM   #35
Full time employment: Posting here.
 
Join Date: Jan 2008
Posts: 882
Quote:
Originally Posted by skipro3 View Post



I'm comparing their refund speed this year with all other years.
Sounds like withholding/estimated taxes are too high. These days, it is best not to have a refund. Identity theft is increasing on tax returns. Owing a bit on the return short circuits the theft.

It is only mid-February and I have two cases I am working already.
__________________
jebmke is offline   Reply With Quote
Old 02-17-2012, 08:48 AM   #36
Thinks s/he gets paid by the post
 
Join Date: Mar 2010
Location: Kerrville,Tx
Posts: 2,712
Quote:
Originally Posted by justplainbll View Post
Some brokers, e.g. MLPFS, have not yet sent out 1099's.
I think almost all brokers do this due to the number of changes that would otherwise be required. I do know that Wells Fargo Advisors only sent things out in the last week, and Vanguard has not yet done so.
__________________
meierlde is offline   Reply With Quote
Old 02-18-2012, 09:30 AM   #37
Thinks s/he gets paid by the post
 
Join Date: Mar 2011
Posts: 3,702
Hey! My accountant just sent me my finished tax filings.
I had surreptitiously also done them myself on TT.
It came out to the exact same amount.

So...this year, I'll have to pay him the $800, but next year...he's toast! $800 in my pocket!

Thanks to all on this forum/site who encouraged me to try TT.
__________________
marko is offline   Reply With Quote
Old 02-18-2012, 09:35 AM   #38
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Rocky Inlets
Posts: 24,445
Quote:
Originally Posted by marko View Post
Hey! My accountant just sent me my finished tax filings.
I had surreptitiously also done them myself on TT.
It came out to the exact same amount.

So...this year, I'll have to pay him the $800, but next year...he's toast! $800 in my pocket!

Thanks to all on this forum/site who encouraged me to try TT.
Thanks for letting us know. You might want to update this thread as well IRA e-file rejected.
__________________
MichaelB is offline   Reply With Quote
Old 02-18-2012, 09:46 AM   #39
Moderator
Alan's Avatar
 
Join Date: Jul 2005
Location: Eee Bah Gum
Posts: 21,093
Quote:
Originally Posted by marko View Post
Hey! My accountant just sent me my finished tax filings.
I had surreptitiously also done them myself on TT.
It came out to the exact same amount.

So...this year, I'll have to pay him the $800, but next year...he's toast! $800 in my pocket!

Thanks to all on this forum/site who encouraged me to try TT.
Excellent news.
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Now it's adventure before dementia
Alan is offline   Reply With Quote
Old 02-18-2012, 10:55 AM   #40
Moderator Emeritus
Bestwifeever's Avatar
 
Join Date: Sep 2007
Posts: 16,373
Quote:
Originally Posted by marko View Post
Hey! My accountant just sent me my finished tax filings.
I had surreptitiously also done them myself on TT.
It came out to the exact same amount.


So...this year, I'll have to pay him the $800, but next year...he's toast! $800 in my pocket!

Thanks to all on this forum/site who encouraged me to try TT.
I think we know what software your accountant has been using to do your returns.
__________________

__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
Bestwifeever is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
8.3% guaranteed return tax-free in India DesiGirl FIRE and Money 30 12-28-2012 08:17 AM
Anyone Financially Independent, but still working? mortal Life after FIRE 81 04-14-2012 11:49 AM
A misleading tax article for US citizens nun FIRE and Money 32 02-14-2012 12:55 PM
Underfunded pensions? Anyone here have their pension payments reduced? Frugalityisthenewblack FIRE Related Public Policy 37 02-09-2012 06:31 PM

 

 
All times are GMT -6. The time now is 10:43 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.