No student loan interest deductions? What form did you file?uh
so I got a letter yesterday from the IRS: "We received your income tax return and are in the process of conducting a thorough review of your return information. This review is part of an ongoing program the IRS conducts to insure the accuracy of return information".
has anyone gotten a letter like this before? I'm kind of irrationally worried since I know I just reported what was on my W-2 and didn't have any tax credit claims
Tax Season
Tax Season
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no. I actually didn't know I could deduct student loans.No student loan interest deductions? What form did you file?uh
so I got a letter yesterday from the IRS: "We received your income tax return and are in the process of conducting a thorough review of your return information. This review is part of an ongoing program the IRS conducts to insure the accuracy of return information".
has anyone gotten a letter like this before? I'm kind of irrationally worried since I know I just reported what was on my W-2 and didn't have any tax credit claims
haha ugh. I hate taxes
edit, actually no, I don't think I qualify for that deduction because I didn't start paying back the loans until this January, so nothing in 2014
Tax Season
It's only the interest that you can deduct I believe. You should get a form from then at the end of every year.no. I actually didn't know I could deduct student loans.No student loan interest deductions? What form did you file?uh
so I got a letter yesterday from the IRS: "We received your income tax return and are in the process of conducting a thorough review of your return information. This review is part of an ongoing program the IRS conducts to insure the accuracy of return information".
has anyone gotten a letter like this before? I'm kind of irrationally worried since I know I just reported what was on my W-2 and didn't have any tax credit claims
haha ugh. I hate taxes
edit, actually no, I don't think I qualify for that deduction because I didn't start paying back the loans until this January, so nothing in 2014
So, you filed a 1040EZ and are being audited? Strange, but I wouldn't worry if you accurately entered your W2 information.
Tax Season
PSECU does this now. I'm certain USAA doesn't because they have a credit monitoring partner (Experian) that charges $12.95 a month for credit reports and 'FICO'.If you have a Discover card, you can also get your FICO score through their dashboard.
Tax Season
#hopeyouboughtauditprotectionuh
so I got a letter yesterday from the IRS: "We received your income tax return and are in the process of conducting a thorough review of your return information. This review is part of an ongoing program the IRS conducts to insure the accuracy of return information".
has anyone gotten a letter like this before? I'm kind of irrationally worried since I know I just reported what was on my W-2 and didn't have any tax credit claims
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Tax Season
Can't wait until April 17th or whatever.
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Any more info?uh
so I got a letter yesterday from the IRS: "We received your income tax return and are in the process of conducting a thorough review of your return information. This review is part of an ongoing program the IRS conducts to insure the accuracy of return information".
has anyone gotten a letter like this before? I'm kind of irrationally worried since I know I just reported what was on my W-2 and didn't have any tax credit claims
Doesn't seem like you did anything wrong, except get randomly picked for review.
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Tax Season
So in 2015 my health insurance costs will no longer be tax deductible, but will now have to be calculated as income.
#yeahobamacare
#yeahobamacare
Tax Season
weenie if you screwed up reporting a return that only has a w-2 you deserve all the penalties
Tax Season
not sure that has anything to do with obamacareSo in 2015 my health insurance costs will no longer be tax deductible, but will now have to be calculated as income.
#yeahobamacare
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No, it does. The letter I received from my health provider helpfully quoted the section of the law that changes the designation.not sure that has anything to do with obamacareSo in 2015 my health insurance costs will no longer be tax deductible, but will now have to be calculated as income.
#yeahobamacare
This only effects those of us who are self-employed and are therefore "self-insured".
Basically the idea here is to force me to go through an exchange rather than using a private insurer.
Tax Season
ahhh well then that sucks
Tax Season
Roommate just started doing his taxes today. Can't imagine waiting until the day before to do them.
Tax Season
At least he didn't dump them on some poor accountant and ask if they'd be ready tomorrowRoommate just started doing his taxes today. Can't imagine waiting until the day before to do them.
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Tax Season
I'm doing my parents taxes (yes, tonight because my dad is ridiculously lazy and procrastinates about everything) and I'm using Turbo Tax. It's saying they're eligible for the Earned Income Credit, but I don't know if that's correct. My dad turned 67 last year and received social security and worked part time making around 10.5K in his pt job. My mom turned 61 last year and was unemployed. What I can find on the EIC on the IRS site says you must be between 25-65 and since my dad's the only one that earned income, does that mean they're not eligible? I know they weren't expecting any refund and are only filing because my mom bought insurance through the marketplace and filing is required. Any advice?
Tax Season
You have insurance that doesn't meet the minimum requirements of the ACA so you are getting hit with the penalty? If so, is the penalty + your cost of insurance < the cost of a plan that does meet the minimum requirements of the ACA?No, it does. The letter I received from my health provider helpfully quoted the section of the law that changes the designation.not sure that has anything to do with obamacareSo in 2015 my health insurance costs will no longer be tax deductible, but will now have to be calculated as income.
#yeahobamacare
This only effects those of us who are self-employed and are therefore "self-insured".
Basically the idea here is to force me to go through an exchange rather than using a private insurer.
Tax Season
Ugh. Can't find our 1099-SA form anywhere. Just great.
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Tax Season
Looks at all those morons. I paid my taxes over a year ago
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Tax Season
I've done my parents taxes for over 10 years - they were lazy and drove them down to Grant street after 10pm on April 15th of every year, but I needed them done by March 1 for student financial aid stuff.
My dad died last year, so I assumed it would be a tad bit more work. It really wasn't, not until I had to deal with Obamacare.
For starters, they didn't know how to accept that he was dead. Cancelling his policy with Highmark was easy. Terminating his active account with the Democrats has been impossible. Secondly, I was unable to file online as a result of an additional form that needed to be filled out (the dreaded 8962 that nobody knows how to handle). Third, we got the wrong info: http://www.washingtonpost.com/blogs/won ... formation/
My dad died last year, so I assumed it would be a tad bit more work. It really wasn't, not until I had to deal with Obamacare.
For starters, they didn't know how to accept that he was dead. Cancelling his policy with Highmark was easy. Terminating his active account with the Democrats has been impossible. Secondly, I was unable to file online as a result of an additional form that needed to be filled out (the dreaded 8962 that nobody knows how to handle). Third, we got the wrong info: http://www.washingtonpost.com/blogs/won ... formation/
Tax Season
Local taxes filed. Owed $8. My wife's work (which she was at for about 1/4 of last year) must not take out the EIC Tax.
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Tax Season
takes me less than an hour to do them every year - including my wife's.Roommate just started doing his taxes today. Can't imagine waiting until the day before to do them.
i imagine it's a pretty simple exercise for 90% of people.
Tax Season
see ya next January, tax season
Tax Season
I usually do mine, while I'm eating lunch at my desk at work.takes me less than an hour to do them every year - including my wife's.Roommate just started doing his taxes today. Can't imagine waiting until the day before to do them.
i imagine it's a pretty simple exercise for 90% of people.
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Tax Season
What do accountants due from May - December
Tax Season
What do accountants due from May - December
A lot of people file extensions.
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