Tax Returns Due!

If you are due a refund, you don't ever have to file. You will never have to pay a penalty either.

 

I dont know were you got your info from. I didn't file one year, and I was due a refund. The IRS sent me a ton of letters reminding me that I didn't file (They are worse than bill collectors ). I waited until next year to file, and I had to pay a penalty.

I would recomend to just file through Torbo Tax, it is free this year.

 

http://taxes.about.com/od/backtaxes/qt/irs_tax_penalty.htm

http://www.hrblock.com/taxes/tax_ti...ml?pgnavp=irs&pgnavc=irs_art&pgnava=irs_art_6

I can find more if you'd like....

 

If I sold my house last year, will that get me closer to a refund due to me or to a payment owed to the IRS?

 

Everyone that meets the requirements in the links provided will have to file. If you will get a refund, then there will be no penalty but you still have to file based on the IRS requirements. Based on my first hand experience, if you don't file the IRS will sometimes try and pressure you to file old returns.

http://www.hrblock.com/taxes/tax_ti...le.html?pgnavp=tp&pgnavc=tp_tb&pgnava=tp_tb_6

http://www.irs.gov/compliance/enforcement/article/0,,id=108503,00.html

 

You claim that based on your experience, when you were due a refund, you had to pay a penalty. Was that the case or not? I have never seen anything regarding a penalty for filing late and/or not filing a federal (not state) tax return.

 

Anybody ever got audited?

Just wondering if it takes awhile before you get an audit notice or pretty soon after you're filing has been accepted by the IRS...

My main concern is that I used my vehicle as a tax deductible for business reasons, does this usually set off red flags for the IRS?

 

Doesn't it really suck when you go over the tax bracket by a couple of thousand and end up having to pay more? Sigh..

 

Just got my refund today. I used TurboTax and I heard something about them having a backlog this year. I filed almost 2 weeks ago. Usually only takes 3 or 4 days.

So, if you get your refund, that means you ain't gettin' audited, right? I sure hope so...

 

it's the odometer, mileage stuff, and other little questions that were tied into the vehicle deduction...I really didn't keep up with those numbers so I had to fudge a bit...oh well, we'll see...

 

That's what I'm wondering about, I've heard from one person that they got their refund, then later in the year they got the audit notice...

 

There's this little number.

The number "1."

It shows up in January of every year.

If you can't get your taxes ready by about 30-45 days later, don't cry about the 2 - 2 1/2 months more you've still had.

Come on y'all... it happens every year at the same time... just start getting ready in January... in fact start getting ready toward the holidays... and just await your W2's/1099's/etc.

When it's done in February you can sleep easy all the way through March and April.

 

Ummmm, e-filing with TurboTax is free, but TT itself is definitely NOT free.

Check this out:

I switched employers last year. The second employer properly withheld the max SS tax. The first employer properly withild the amount they had to. The problem is that when combined, the amounts excedd the yearly max I'm supposed to pay by $1200.

Turbotax caught this, and noted it, but did not add it into the general amount I am owed back. It said that my return would increase by this amount but that they would not account for it - up to the IRS to vet it.

WTF? What do I do now? Hope the IRS is honest and returns that overpaid amount?"

 

I always print the forms at the end and manually check all the math before I submit it.

 

I did - and checked the math - both TT and I are correct.

I paid too much in SS taxes last year. My question is whether the IRS actually RUNS the calculations themselves to vet them, or whether they just look at the bottom line & run with that.