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shiningstar76
Samba Brewer
Joined: July 12, 2003
Posts: 2689
Location: Savannah
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 Posted: Fri Mar 22, 2013 2:54 pm Post subject: Tax refund shenannigans |
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Anyone else's refund status "processing" for what seems like an eternity? Mine has been in this status for over three weeks.
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KK4NTP
96 Tacoma
86 4Runner
My bus caught on fire and is now on the other coast with someone who gave me money for it. |
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andk5591
Samba Member
Joined: August 29, 2005
Posts: 16757
Location: State College, PA
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| Posted: Fri Mar 22, 2013 3:11 pm Post subject: |
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Nope - E-filed with direct deposit into my checking account - Got it a couple days ago.
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D-Dubya Manx clone - 63 Short pan,1914.
Rosie 65 bug - My mostly stock daily driver.
Woodie 69 VW woodie (Hot VWs 7/12).
"John's car" 64 VW woodie - The first ever
Maxine 61 Cal-look bug - Cindy's daily driver.
Max - 73 standard Beetle hearse project - For sale
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OB Bus
Samba Member
Joined: February 09, 2003
Posts: 2537
Location: Ocean Beach in Beautiful BLUE California
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westy@7000
Samba Member
Joined: July 06, 2005
Posts: 214
Location: Central Colorado
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| Posted: Fri Mar 22, 2013 4:24 pm Post subject: |
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| What's a refund? |
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EverettB 
Administrator
Joined: April 11, 2000
Posts: 69809
Location: Phoenix Metro
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andk5591
Samba Member
Joined: August 29, 2005
Posts: 16757
Location: State College, PA
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| Posted: Fri Mar 22, 2013 5:25 pm Post subject: |
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| westy@7000 wrote: |
| What's a refund? |
Well - really if you do it right, you shouldnt have one - You never want Uncle Sam to be your savings account and I normally run it really close. But was able to afford to buy some stuff for the business that I needed before the end of the year. So it gets dumped into the "Oh shit" fund.
And related, but not - If you have a CD, double check your current interest rate...Just discovered that mine was down to like 0.2%. Just cashed it out and doing something else that at least gets me 3%.
But on the delay - my understanding that some of the IRS forms are still being approved, which holds things up. Our CPA does ours, so I dont know the particulars on whether it holds up being able to file or not.
_________________
D-Dubya Manx clone - 63 Short pan,1914.
Rosie 65 bug - My mostly stock daily driver.
Woodie 69 VW woodie (Hot VWs 7/12).
"John's car" 64 VW woodie - The first ever
Maxine 61 Cal-look bug - Cindy's daily driver.
Max - 73 standard Beetle hearse project - For sale
66 bug project - Real patina & Suby conversion
There's more, but not keeping them... |
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shiningstar76
Samba Brewer
Joined: July 12, 2003
Posts: 2689
Location: Savannah
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| Posted: Fri Mar 22, 2013 6:15 pm Post subject: |
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This is the first year that we have used a CPA. It just started to get too complicated with my wife's new business. Odd that this is the first year that it has become held up.
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KK4NTP
96 Tacoma
86 4Runner
My bus caught on fire and is now on the other coast with someone who gave me money for it. |
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andk5591
Samba Member
Joined: August 29, 2005
Posts: 16757
Location: State College, PA
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| Posted: Sat Mar 23, 2013 4:53 am Post subject: |
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Couple suggestions - use something like Quickbooks for the business and set it up in conjunction with your CPA (real important)- At year end, all I do is make a backup and he uploads it and away we go. Our tax meeting is less than an hour, he has everything he needs and I know about how much I owe or will get back. Saves a lot of time and money.
We also will meet briefly in the fall (same deal - do a back up and he reviews it during the meeting). I already have a good idea how the year is looking because I monitor my budget and projections (all done in Quick books). He will advise whether it would make sense to make purchases now or wait till January, if we want to amortize anything differently, etc.
And really and truly, with your delay, its very possible that the IRS is the issue - I lucked out in that some of the forms that we had to file were approved earlier in the year. But there were one or two that delayed us from submitting the return for a couple weeks. Seriously - can you freaking believe that Congress was still approving tax forms FOR 2012 in the middle of tax season?
_________________
D-Dubya Manx clone - 63 Short pan,1914.
Rosie 65 bug - My mostly stock daily driver.
Woodie 69 VW woodie (Hot VWs 7/12).
"John's car" 64 VW woodie - The first ever
Maxine 61 Cal-look bug - Cindy's daily driver.
Max - 73 standard Beetle hearse project - For sale
66 bug project - Real patina & Suby conversion
There's more, but not keeping them... |
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sixfootdan
Samba Smartass
Joined: February 13, 2002
Posts: 4848
Location: \Lo*ca"tion\, n. 1. The act or process of locating.
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| Posted: Sat Mar 23, 2013 8:19 am Post subject: |
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| andk5591 wrote: |
| westy@7000 wrote: |
| What's a refund? |
Well - really if you do it right, you shouldnt have one - You never want Uncle Sam to be your savings account and I normally run it really close. But was able to afford to buy some stuff for the business that I needed before the end of the year. So it gets dumped into the "Oh shit" fund.
And related, but not - If you have a CD, double check your current interest rate...Just discovered that mine was down to like 0.2%. Just cashed it out and doing something else that at least gets me 3%.
But on the delay - my understanding that some of the IRS forms are still being approved, which holds things up. Our CPA does ours, so I dont know the particulars on whether it holds up being able to file or not. |
Thanks, I have said that very thing every year this topic comes up when people get so excited about getting a check back. It boggles my mind, change your deductions and keep your money instead of letting someone else borrow it all year. 
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Schrodinger's cat walked into a bar and it didn't.
GO SEAHAWKS!!! |
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tncsparky
Samba Member
Joined: November 29, 2008
Posts: 703
Location: santa rosa
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| Posted: Sat Mar 23, 2013 8:39 am Post subject: |
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I have mine set up so I don't have to pay any money to them. I don't get a set amount of hours consistently all year long. But if I had a guaranteed 40hr+ then I would try to 0 it out
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"My Daddy told me, son if your stupid today you will be stupid tomorrow"
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I think you are just waiting around for a high-five from a unicorn so you can feel better about yourself |
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andk5591
Samba Member
Joined: August 29, 2005
Posts: 16757
Location: State College, PA
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| Posted: Sat Mar 23, 2013 9:44 am Post subject: |
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Finally got my 19 year old daughter to understand that this year. Wanna $1000 refund next year? Throw $85/month in a savings account. You'll at least get a couple dollars in interest.
_________________
D-Dubya Manx clone - 63 Short pan,1914.
Rosie 65 bug - My mostly stock daily driver.
Woodie 69 VW woodie (Hot VWs 7/12).
"John's car" 64 VW woodie - The first ever
Maxine 61 Cal-look bug - Cindy's daily driver.
Max - 73 standard Beetle hearse project - For sale
66 bug project - Real patina & Suby conversion
There's more, but not keeping them... |
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norcalmike
Samba Member
Joined: May 14, 2005
Posts: 4784
Location: Marina, CA
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| Posted: Sat Mar 23, 2013 12:57 pm Post subject: |
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| i work it so i break even or owe a couple hundred. they aint borrowing my money for free |
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Tracey
Samba Member
Joined: November 22, 2008
Posts: 161
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| Posted: Sat Mar 23, 2013 4:24 pm Post subject: |
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Just got a call from my accountant today, someone already filled a tax return with either mine or my wives SS number.
I hate thieves..... :2gunfire:
This is gonna suck. 
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1986 Westy Subaru 2.5 Syncro **SOLD**
1970 Westy camper
1965 split project
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Tram
Samba Socialist
Joined: May 02, 2003
Posts: 22711
Location: Still Feelin' the Bern- Once you've felt it you can't un- feel it.
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| Posted: Sat Mar 23, 2013 4:43 pm Post subject: |
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| Tracey wrote: |
Just got a call from my accountant today, someone already filled a tax return with either mine or my wives SS number.
I hate thieves..... :2gunfire:
This is gonna suck. |
Oh, shit. 
How many wives you got?
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EverettB
Administrator
Joined: April 11, 2000
Posts: 69809
Location: Phoenix Metro
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EZ Gruv
King of Plaid
Joined: December 10, 2002
Posts: 8544
Location: Las Vegas
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| Posted: Sun Mar 24, 2013 6:02 am Post subject: |
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I had my refund about 5 days after filing.
Too bad I found an error my tax preparer made and had to pay about 90% of it back to the IRS.
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Eric
1977 Deluxe Westfalia - 2.0L FI Type IV, Completely Original
Photographer for HotVWs, VolksWorld, AirMighty, VW Camper & Commercial, Hayburner, and more.
My Photography Page. |
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Randy in Maine
Samba Member
Joined: August 03, 2003
Posts: 34890
Location: The Beach
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| Posted: Sun Mar 24, 2013 6:07 am Post subject: |
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| EZ Gruv wrote: |
I had my refund about 5 days after filing.
Too bad I found an error my tax preparer made and had to pay about 90% of it back to the IRS. |
Note to self, never use someone named "Bernie Madoff" to figure out your taxes.  |
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Cusser
Samba Member
Joined: October 02, 2006
Posts: 31362
Location: Hot Arizona
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| Posted: Sun Mar 24, 2013 6:12 am Post subject: |
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6 weeks so far for mine. But I'll have to then file a 1040X (amended) as I received tax information in the mail after I had filed, unless the feds fix it for me.
State (AZ) - haven't filed yet, I owe.
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1970 VW (owned since 1972) and 1971 VW Convertible (owned since 1976), second owner of each. The '71 now has the 1835 engine, swapped from the '70. Second owner of each. 1988 Mazda B2200 truck, 1998 Frontier, 2014 Yukon, 2004 Frontier King Cab. All manual transmission except for the Yukon. http://www.thesamba.com/vw/forum/album_page.php?pic_id=335294 http://www.thesamba.com/vw/forum/album_page.php?pic_id=335297 |
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Retired_CPO
Samba Member
Joined: December 30, 2012
Posts: 191
Location: Connecticut
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Malokin Martin
Samba Member
Joined: August 19, 2007
Posts: 3099
Location: E-burg
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| Posted: Tue Mar 26, 2013 11:19 am Post subject: |
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| Retired_CPO wrote: |
| Haven't filed mine yet only because this year I am going to owe Uncle Sam. Just delaying the fact that I have to write a check....ouch. |
X2.... I'm sending mine april 13th |
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