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03-27-2017, 08:46 PM
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#241
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gone traveling
Join Date: Apr 2011
Posts: 3,375
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Quote:
Originally Posted by RobbieB
All done. E-filed both and paid the twenty five bucks for State. Feds accepted return one hour after file. Pin and driver license number and issue and expiration dates given. Gonna be hard to hack me.
Let the state keep all the dough and the feds keep half the dough. Estimated payments here too.
Now drinking rum & coke -
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haven't made an estimated payment yet since retiring 5 years ago. Wouldn't help since I can't estimate income very well.
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03-27-2017, 09:24 PM
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#242
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2016
Posts: 8,968
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I'm learning. I hit the state within 10%, way off on the feds.
But hey, I'm new at this and still learning -
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03-28-2017, 12:03 PM
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#243
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 17,010
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Quote:
Originally Posted by gerntz
haven't made an estimated payment yet since retiring 5 years ago. Wouldn't help since I can't estimate income very well.
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I just pay what I paid in taxes the previous year, split evenly 4 times.
That way I won't pay a penalty, which is what happened the first year I tried to estimate it, and of course was wrong...
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03-31-2017, 10:44 AM
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#244
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Moderator Emeritus
Join Date: May 2007
Posts: 12,894
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E-filed on 3/13. I received my CA refund pretty quickly (direct deposit). But I have yet to receive my Federal and AL refunds. I am not too surprised about AL taking its sweet time, but it seems like I usually get my Fed refund faster.
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03-31-2017, 11:24 AM
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#245
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Thinks s/he gets paid by the post
Join Date: Jul 2015
Location: Beaverton
Posts: 1,382
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Finished mine on Sunday. Had K-1's dwindling in as normal. 2016 is the last year that I had any work income (3 months part time and a bonus from 2015). 2017 will be my first full year to have just retirement/investment income.
They taxed my Deferred Comp check at 40% so left me with $6,600 back from the Feds and owe state $180. I am dropping off a new W4 to lower my withholding on my check next month.
__________________
Jump in, the water's warm.
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03-31-2017, 12:54 PM
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#246
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Recycles dryer sheets
Join Date: Mar 2007
Posts: 315
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I filed Federal, Vermont and California tax returns March 23rd using Turbo Tax Premier. All were received and accepted within a few hours. This was my first year entirely retired. I made sure I had withholdings from my IRA distributions equal to 104% of 2015 Federal taxes, so although I underestimated Federal taxes by about $2700 I shouldn't be fined. I had set aside $3400 in an account to pay additional taxes. Glad I had done that. I owe a small amount to Vermont too, but expect a large refund from California.
Last year, after I completed my tax return using Turbo Tax I took it to a CPA and asked for advice, suggestions, pointing out errors. I was pleased to learn I had done a pretty good job. There were a few suggestions that helped get state income distributed more accurately between the states and probably reduced my tax in 2016. It was a pricey lesson but enabled me to feel more confident continuing to do my taxes myself.
__________________
"Retirement isn’t really a switch you flip at a certain age anymore," the Schwab report states. "It’s a financial state that allows for the flexibility to make work optional."
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04-01-2017, 10:34 AM
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#247
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,007
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Fidelity finally got their foreign source info posted on a Monday 3/27, way later than usual! We submitted our return the next day. Accepted, no problems.
They required lots of driver's license details for verification. It's getting tougher for the fakers.
We owe this time, so no refund tracking - actually we always apply any refund to next year estimated taxes if it's less than one quarter payment.
__________________
Retired since summer 1999.
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04-01-2017, 11:13 AM
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#248
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Thinks s/he gets paid by the post
Join Date: Nov 2011
Posts: 3,877
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Still getting corrected statements here. "File early, file often."
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04-01-2017, 12:08 PM
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#249
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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: 5,638
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Just paid my first ever quarterly tax for 2017 year...ugh!
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04-01-2017, 10:19 PM
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#250
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Thinks s/he gets paid by the post
Join Date: Mar 2014
Location: Southern Cal
Posts: 4,032
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I've finished my 2016. Now on the the checking phase. I should be able to mail Monday. Keep my fingers crossed.
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04-01-2017, 10:26 PM
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#251
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2005
Posts: 17,203
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Quote:
Originally Posted by audreyh1
Fidelity finally got their foreign source info posted on a Monday 3/27, way later than usual! We submitted our return the next day. Accepted, no problems.
They required lots of driver's license details for verification. It's getting tougher for the fakers.
We owe this time, so no refund tracking - actually we always apply any refund to next year estimated taxes if it's less than one quarter payment.
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It is not a requirement... I filed my mom's taxes without the info since she does not have it...
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04-02-2017, 12:38 AM
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#252
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Moderator Emeritus
Join Date: May 2007
Posts: 12,894
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I received a form from the IRS yesterday. They need to verify my identity before they can process my return. I have to call a toll-free number on Monday and provide a bunch of information. Very strange. I can't imagine what could make them question my identity.
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04-02-2017, 03:38 AM
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#253
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,004
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Do any of us know who we really are? Maybe the IRS will help you find yourself.
__________________
Numbers is hard
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04-02-2017, 05:02 AM
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#254
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,007
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Quote:
Originally Posted by FIREd
I received a form from the IRS yesterday. They need to verify my identity before they can process my return. I have to call a toll-free number on Monday and provide a bunch of information. Very strange. I can't imagine what could make them question my identity.
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You may have been a victim of fraud? I.e. someone filed already using your credentials?
__________________
Retired since summer 1999.
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04-02-2017, 05:07 AM
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#255
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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Uh oh!
Or perhaps the refund amount is a big one, and they want to be sure.
I did my tax return early, then sat on it. I owe money, so if someone steals my identity, will he pay the tax for me?
PS. This thread reminds me to dust off my tax return, get money transferred into my checking in preparation for payment. Got only 2 weeks left. Darn!
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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04-02-2017, 06:55 AM
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#256
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2008
Location: On a hill in the Pine Barrens
Posts: 9,686
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Completed #2 - in-laws tax submittal. It is going to them for signature this morning, and will get mailed tomorrow.
Two LTC forms, so turbotax won't efile.
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04-02-2017, 12:38 PM
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#257
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Thinks s/he gets paid by the post
Join Date: Mar 2014
Location: Southern Cal
Posts: 4,032
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So I have a question for anyone here. How to file extension for one of my daughters. In the past, I've filed extension but I do know roughly how much I owe and mailed in the money. In my kid's case, her CPA for her corporation is late, she changed CPA from last year, so I don't have a clue as to what amount to pay in, she is still waiting for her employee's statement. She paid estimated tax every year, never owed anything. Do I just file the form with zero amount and send it in.
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04-02-2017, 02:01 PM
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#258
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Moderator Emeritus
Join Date: May 2007
Posts: 12,894
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It is going to take a lot more than the IRS to find that out...
Quote:
Originally Posted by audreyh1
You may have been a victim of fraud? I.e. someone filed already using your credentials?
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Must be. The IRS accepted my return quickly after I filed 3 weeks ago, so I thought that I was in the clear.
Quote:
Originally Posted by NW-Bound
Uh oh!
Or perhaps the refund amount is a big one, and they want to be sure.
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No big refund this year. Same mailing address, no change in marital/employment situation, 1099s from the same institutions as last year, etc... that's why I find it strange to get flagged all of a sudden.
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04-02-2017, 02:05 PM
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#259
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,473
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Are you sure it's the IRS that you will be calling tomorrow? I hope it's not some scammer trying to get your personal information via the phone call.
P.S. - - I got my IRS refund 6-7 days after I e-filed with TurboTax, back in early February (post #155).
__________________
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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04-02-2017, 02:13 PM
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#260
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Moderator Emeritus
Join Date: May 2007
Posts: 12,894
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Quote:
Originally Posted by W2R
Are you sure it's the IRS that you will be calling tomorrow? I hope it's not some scammer trying to get your personal information via the phone call.
P.S. - - I got my IRS refund 6-7 days after I filed, back in early February (post #155).
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I thought about that and checked the IRS website. The phone number on the form also appears on the website. The IRS says that this phone number is to be used only for taxpayer identity verification. So it looks legitimate.
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