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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Poll:2014 taxes for 2013, filed or extended?
04-15-2014, 12:24 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Nov 2011
Posts: 3,906
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Poll:2014 taxes for 2013, filed or extended?
Got 'em done, or stretching it out?
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04-15-2014, 01:12 PM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2013
Location: Limerick
Posts: 5,655
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Finished them yesterday. A large chunk of my savings will be withdrawn by Uncle Sam today, along with some from the state. However, I'm getting $7 back from our local tax authority.
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04-15-2014, 01:28 PM
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#3
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Moderator Emeritus
Join Date: May 2007
Posts: 12,901
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I e-filed last week, and mailed a -large- check to the IRS this morning.
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04-15-2014, 01:31 PM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,376
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Filed electronically in early March because we were away from home from mid-January to the end of February. Had over payments of $325 and $12 for federal and state, respectively that I applied to next year's taxes.
I did 13 returns this year for family and friends - all are done. DD's was filed electronically last night.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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04-15-2014, 01:50 PM
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#5
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Moderator
Join Date: Apr 2012
Location: San Diego
Posts: 14,212
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Filed mine. filed MIL's. Filed my step-mom's.
Did them all in Late Feb/early march.
I always calculate/complete the taxes early in the cycle. Then if I owe - I file in mid April. If I am due a refund, I file ASAP.
Due to DH's changing employment/income status I never know if I'll owe or get a refund.
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04-15-2014, 01:51 PM
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#6
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Full time employment: Posting here.
Join Date: Mar 2011
Posts: 534
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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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04-15-2014, 02:03 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Aug 2011
Posts: 3,609
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I take an initial crack at it earlier in the year, but since April is a busy time of the year for me, I put off the final filing until later in the year when I have more time.
It allows me to look at my previous work with a fresh set of eyes.
-gauss
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04-15-2014, 02:07 PM
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#8
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Full time employment: Posting here.
Join Date: May 2007
Posts: 549
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Extended…roughed in to know where I stand….but still a couple hours of compilation away from completion.
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04-15-2014, 03:18 PM
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#9
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Moderator
Join Date: Jul 2010
Posts: 7,945
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Extended - K1 for a real-estate rental partnership that my sister and I have didn't come in soon enough for my accountant to get everything done.
But I did get my mom's return done and filed, and helped DS and DD get theirs done (well, DD called again yesterday so hopefully she actually filed...)
__________________
"One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute." William Feather
----------------------------------
ER'd Oct. 2010 at 53. Life is good.
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04-15-2014, 03:27 PM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2011
Location: NC Triangle
Posts: 5,807
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Quote:
Originally Posted by GrayHare
Got 'em done, or stretching it out?
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I just got back from the post office
It's good to get a stretch in before a workout.
(actually, I received a FedEx package with necessary tax-related forms from the family accountant at 1pm this afternoon... yeah, I'll get that done - by May!)
__________________
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04-15-2014, 03:32 PM
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#11
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,362
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Did federal in early March, since I had a refund coming.
Did state last week, since I owed them money (coincidentally, very close to the amount I got back from the feds).
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04-15-2014, 03:47 PM
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#12
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Administrator
Join Date: Jul 2005
Location: N. Yorkshire
Posts: 34,131
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I e-filed a few weeks, and the amount owed went out of our bank account today, along with the 1st estimated tax payment for 2014.
__________________
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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04-15-2014, 03:51 PM
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#13
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,726
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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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04-15-2014, 03:57 PM
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#14
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 3,681
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Filed in February. Owed for Federal, refund from state for almost the same amount, close enough.
About 10 days ago I finished working with my son on his taxes. He is self employed and files Schedule C. He owed quite a lot even though he did estimated payments. We got to the end and he asked me for any advice for lowering his tax liability and I mentioned an IRA. I didn't think he'd go for it as he lives pretty tight and his work is uneven. We looked at the Saver's Credit and his AGI (single under $17,750) was within the range to get a 50% TAX CREDIT!!! for contributing to an IRA. He opened a Trad IRA at Vanguard.
A few days later I had a light bulb go off in my head...... DOH! It should have been a ROTH IRA. Yes, he didn't get the tax deduction but he still didn't use his entire Savers Credit and the excess would cover the increase in tax. He was out of town for work for 4 days, so I looked into how to correct this and when he got home on the 14th he called Vanguard and explained that he wanted to change his IRA to a ROTH and they handled it over the phone.
Then last night after dinner DH's brother called. He's doing his taxes in TurboTax and he asked me what could be wrong, he's getting a huge refund and it showed up when he put in his daughters college expenses. I told him that must be the American Opportunity Credit, the government likes it when you send your kids to college. His daughter went to 4 years at a community college and is now finishing her BA at a private college and all this time he never took the college credits! I was shocked. I helped him through the steps in Turbo Tax and then told him to go back and amend for 2012 and 2011 and get those credits. She has one more year and he'll claim them next year too.
How he missed those, I just don't understand.
__________________
Married, both 69. DH retired June, 2010. I have a pleasant little part time job.
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04-15-2014, 03:58 PM
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#15
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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Extended as always, but got my refund in January without filing. Still waiting for some corrected 1099s, too.
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04-15-2014, 03:59 PM
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#16
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,376
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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 mailed my Mom's 1Q estimated payment but did sign up so I can do the remaining Q's this year and beyond electronically.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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04-15-2014, 04:08 PM
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#17
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,501
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I used TurboTax to file mine on February 3rd, and my refund was automatically deposited on February 10th.
My first quarter estimated taxes for this coming year were paid today using EFTPS.
Everything is rolling along as it should...
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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04-15-2014, 05:12 PM
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#18
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Administrator
Join Date: Jul 2005
Location: N. Yorkshire
Posts: 34,131
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From today, I'm sure many of you saw it...
__________________
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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04-15-2014, 05:35 PM
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#19
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Gone but not forgotten
Join Date: Jul 2012
Location: Peru
Posts: 6,335
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"never pay taxes again"...
Love it... It worked out for us... Zero taxes between 1989 and today. Next year will be the first, as we begin some draw down of capital...
Aside... As District Managers with a company that began start-ups of franchises (many years ago)... we used to joke that our advertising for franchisees should include as a benefit...
Own your own business...
"Never pay taxes again"...
Didn't go over too well with the boss...
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04-15-2014, 05:41 PM
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#20
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Moderator Emeritus
Join Date: Aug 2007
Location: Northern Illinois
Posts: 16,603
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Filed, but it was close. Just got our real estate LLC K1 2 weeks ago, brought everything to my accountant a few days later, he sat on it a few days, then it took me a few days to pick it up and a few more days to return the e-file authorization - which I did yesterday. Mailed a small check to the fed and await my $91 from the State of Illinois. I hope I get it.
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