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General Forums => The O' Club => Topic started by: JB73 on February 07, 2005, 04:01:32 PM

Title: Tax guru's?
Post by: JB73 on February 07, 2005, 04:01:32 PM
got a question...

i normally telefile or online file the EZ form.

i dont have any reason not to, and i get my return quick.

this year i just got in the mail some 1099 DIV form from some BS thing at my company called the "XXXXXXX street retiree services for XXXXX dividend"

it says i got a dividend of $19.50 some time last year (which is BS i never got anything like that)


my question is: can i still fill out the EZ form?

if because of a dumb $19.50 i now have to pay some H&R block fugr money to do my returns im gonna be one PO'd MOFO big time.
Title: Tax guru's?
Post by: john9001 on February 07, 2005, 04:31:55 PM
IRS:: sir, what about this 1099 DIV you did not report?

taxpayer:: whats a 1099?



you can still file online.
Title: Tax guru's?
Post by: JB73 on February 07, 2005, 04:48:44 PM
Quote
Originally posted by john9001

you can still file online.
you can do any form online if you really want to, though the more forms, the more you pay H&R block even online.

they only do the federal EZ form free. they even charge $29.99 for the EZ state form


either way, i was hoping to find out if i can still do just the EZ form, i rent, make less than $23,000 per year, have no investments, have no interest bearing accounts, NO reason to do deductions, or anything else like that.
Title: Tax guru's?
Post by: Bodhi on February 07, 2005, 04:54:53 PM
had the same thing pop up 73, mine was quite a bit larger than yours, filed online through H+R Block's online deal, and guess what.

The IRS rejected my online filing.  So... as of now, I have to go in no matter what...

Grrrrrrr....
Title: Tax guru's?
Post by: Bodhi on February 07, 2005, 04:58:14 PM
Quote
Originally posted by JB73

either way, i was hoping to find out if i can still do just the EZ form, i rent, make less than $23,000 per year, have no investments, have no interest bearing accounts, NO reason to do deductions, or anything else like that.


How old are you, and please tell me you are a student.
Title: Tax guru's?
Post by: JB73 on February 07, 2005, 05:02:42 PM
Quote
Originally posted by Bodhi
How old are you, and please tell me you are a student.
sadly i am 31, about to become 32
Title: Tax guru's?
Post by: rpm on February 07, 2005, 05:15:52 PM
H&R Block. TurboTax kiddos. It has all the forms you need and will walk you thru each and every one. I get 4 1099's every year and e-file.
Title: Tax guru's?
Post by: JB73 on February 07, 2005, 05:25:54 PM
cc that rpm...

but at my income i can not see paying for anything to do my taxes. i have done it by hand alone for over 13 years, and i'll have to read through the dmn long form probably because of this BS.
Title: Tax guru's?
Post by: OneWordAnswer on February 07, 2005, 05:32:54 PM
Quote
Originally posted by rpm
H&R Block.

TurboTax kiddos. It has all the forms you need and will walk you thru each and every one.  


Word.
Title: Tax guru's?
Post by: Lizking on February 07, 2005, 05:36:11 PM
Yep, but it won't be the 1040EZ.  I think you can still use 1040A, and it isn't hard.  I can't imagine why you would not want to file a real return and get as much of your money back as possible though.
Title: Tax guru's?
Post by: Chairboy on February 07, 2005, 05:44:22 PM
The 1040 isn't that hard, especially if you don't have the deductions, et al.  The 1040EZ is barely easier then the normal form, don't sweat it.  Just do your thing like usual.  You might be surprised to find out there actually IS something mentioned in the 1040 that'll get you more money back then you thought.
Title: Tax guru's?
Post by: SOB on February 07, 2005, 05:46:00 PM
It should still be free from H&R Block when you file online.  I didn't use the EZ form this year, and it was for me.  Just make sure you go through the link on the IRS web site.

http://www.irs.gov/app/freeFile/jsp/index.jsp?

Just scroll down to the H&R Block link, click on it, then click the "Leave IRS Site" button.  From there, hit the "Start Now" button under free file.  If you've already started your taxes this year from the H&R Block site, you may have to create a new login once you enter the site this way to make it free.
Title: Tax guru's?
Post by: Goth on February 07, 2005, 05:48:11 PM
This might help

Tax Form Info (http://www.irs.gov/faqs/faq4-1.html)
Title: Tax guru's?
Post by: Lizking on February 07, 2005, 05:55:45 PM
I'm no smarter than your average bear, but I do the 1040, with 2 home offices, lease vehicles, 1099s, all kinds of crap, and I get a LOT of my money back.  I use Turbotax and usually spend about 3 hours doing them (I also check it by hand on paper forms, cause I'm anal), but the extra thousands make it worthwhile.
Title: Tax guru's?
Post by: JB66 on February 07, 2005, 06:19:27 PM
Hey 73...My wife is a CPA and tax is her "thing", so I asked her.  Yes, you have to file the 1040A and Schedule B part 2.  She advised never go to H&R block.  She has had to clean up alot of their messes.
On the 1040a you only have to fill out line 9a and the information is from schedule B.
She said you should get turbo tax like Lizking already advised.
Title: Tax guru's?
Post by: Chairboy on February 07, 2005, 06:27:03 PM
A friend of mine used to shun my tax guy, saying he was sticking with H&R Block because of how reliable they were.  

A couple months ago, he got a letter from the IRS saying 'Thanks for the check, but, uh, did you mean to file any taxes?'  Apparently H&R Block had done all the normal work, told my friend how much he owed (when really, he should have gotten a refund, but anyhow) and then neglected to actually file his taxes.

He's asked for the number of my tax guy this year.
Title: Tax guru's?
Post by: rpm on February 07, 2005, 06:42:30 PM
Quote
Originally posted by JB66
Hey 73...My wife is a CPA and tax is her "thing", so I asked her. She said you should get turbo tax like Lizking already advised.
I can't buy a break around here. ;)
Title: Tax guru's?
Post by: JB66 on February 07, 2005, 06:46:35 PM
Quote
can't buy a break around here.


You are correct...Sorry RPM :)
Title: Tax guru's?
Post by: rpm on February 07, 2005, 06:49:44 PM
No prob. :)
Title: Tax guru's?
Post by: T0J0 on February 07, 2005, 07:01:48 PM
With the cost of Turbo tax minus your 1099 income you come out in the red about $15.00+/-
Go to the post office and get the 1040A and file yourself...

TOJO
Title: Tax guru's?
Post by: Lizking on February 07, 2005, 07:12:23 PM
The cost of tax software is itself deductible.
Title: Tax guru's?
Post by: LePaul on February 07, 2005, 07:33:43 PM
Ive got a CPA finishing mine up.  Dunno if she can efile.  Isnt there somewhere on the IRS site where you can just enter in what's on the completed forms and efile?
Title: Tax guru's?
Post by: Toad on February 07, 2005, 07:35:43 PM
Love Turbo Tax. Get it cheap at Best Buy or Office Max.
Title: Tax guru's?
Post by: CavemanJ on February 07, 2005, 07:52:16 PM
taxact.com

been using it for several years, nice and easy.  the basic version is free (download or do it online), the deluxe version is like 13 bucks.  I get the deluxe package with a state version for 20 bucks.
Title: Tax guru's?
Post by: bunch on February 08, 2005, 06:03:55 AM
Screw the $20, dont mention it.  If you get audited in the next 5 years (before the statute of limitations is up) you may suffer a penalty+interest as much as $10.
Title: Re: Tax guru's?
Post by: Holden McGroin on February 08, 2005, 06:25:21 AM
Quote
Originally posted by JB73
my question is: can i still fill out the EZ form?


Don't ask me, I told Richard Hatch he didn't have to declare his Survivor winnings.
Title: Tax guru's?
Post by: rpm on February 08, 2005, 08:39:23 AM
Quote
Originally posted by bunch
Screw the $20, dont mention it.  If you get audited in the next 5 years (before the statute of limitations is up) you may suffer a penalty+interest as much as $10.
Worst advice evar!
Title: Tax guru's?
Post by: Lizking on February 08, 2005, 09:00:05 AM
There is no statue of limitations on what you owe the government, only what it is liable to pay You.  The fine and peanalties for that 20 bucks are not based on 20 bucks, and it would cost you a lot of money, as well as open you up for hassles for the rest of your life.
Title: Tax guru's?
Post by: JB66 on February 08, 2005, 09:11:32 AM
All of your returns get flagged for audit...The IRS is one branch of Goverment not to screw around with.
Title: Tax guru's?
Post by: JB73 on February 08, 2005, 09:22:28 AM
Quote
Originally posted by LePaul
Ive got a CPA finishing mine up.  Dunno if she can efile.  Isnt there somewhere on the IRS site where you can just enter in what's on the completed forms and efile?
in a word.... no

you have to go through one of their "providers" or whatever.

thats part why im so PO'd, because if i file the long form, i MUST then do the long state form, which is a fugin NIGHTMARE of a clusterF of a form with the worst instructions ever written.



to all:

if i get turbo tax will it do the state also?

does it go on the internet, and file these itself?

thanks for the advise, though i will be forgoing food to by turbotax LOL
Title: Tax guru's?
Post by: Lizking on February 08, 2005, 09:24:51 AM
Go to the IRS website, Turbotax is being offered for free, and yes, it does state tax too.
Title: Tax guru's?
Post by: bunch on February 08, 2005, 03:39:26 PM
Quote
Originally posted by rpm
Worst advice evar!

Look into a wit implant.

Dont take tax advice from left-wingers.  
"A penny saved is a penny earned" doesnt account for taxation, it's really about $.02 earned.
Title: Tax guru's?
Post by: rpm on February 08, 2005, 03:48:13 PM
Bunch, you've obviously never danced with the IRS. You know they get a copy of those 1099's, too. Tell ya what, you omit some reported income. You will become well aquainted with the term "penalties and compound intrest". You don't want to listen to me, then listen to Lizking.
Title: Tax guru's?
Post by: LePaul on February 08, 2005, 05:38:13 PM
Eh, I got the call from the CPA they are done and ready.  I'll just mail em out.
Title: Tax guru's?
Post by: SOB on February 09, 2005, 02:13:21 AM
Heh, I got my direct deposit from the feds on Monday.
Title: Tax guru's?
Post by: JB73 on February 09, 2005, 09:21:44 AM
Quote
Originally posted by SOB
Heh, I got my direct deposit from the feds on Monday.
WTF?

my company doesn't even mail the W2's until jan 31, got mine the day i posted this.

i farging HATE Xerox
Title: Tax guru's?
Post by: CavemanJ on February 09, 2005, 09:42:05 AM
Quote
Originally posted by JB73
WTF?

my company doesn't even mail the W2's until jan 31, got mine the day i posted this.

i farging HATE Xerox


Heheh got mine last Friday.  Gotta love companies that have everything available online =)
Title: Tax guru's?
Post by: beet1e on February 10, 2005, 06:54:42 AM
Quote
Originally posted by ra, hiding under the BBS ID of OneWordAnswer
Word.
When are you going to stop this one word answer bullshirt? And why does it say "persona non grata" as member type for ra? Here, I'll make it easy for you so you only have to give a one word answer. :rolleyes: [list=1]There, that should cover it. Now all I need from you is a one word answer 1, 2 or 3 (you can spell out the words if you want, assuming you don't do numbers).

I can't be 100% certain you're ra of course, but I have a 90% hunch.
Title: Re: Tax guru's?
Post by: SaburoS on February 10, 2005, 07:07:27 AM
Quote
Originally posted by JB73
got a question...

i normally telefile or online file the EZ form.

i dont have any reason not to, and i get my return quick.

this year i just got in the mail some 1099 DIV form from some BS thing at my company called the "XXXXXXX street retiree services for XXXXX dividend"

it says i got a dividend of $19.50 some time last year (which is BS i never got anything like that)


my question is: can i still fill out the EZ form?

if because of a dumb $19.50 i now have to pay some H&R block fugr money to do my returns im gonna be one PO'd MOFO big time.


This may not be PC but ignore it. File your EZ. Tip, if your discrepancy is not going to pay for the audit investigation, the probability of an audit is extremely low. Friend of mine used to be an auditor for California's State Board of Equalization.
They have much bigger fish to fry.
LOL, can you imagine the auditor explaining to his boss how he wasted resources to get an extra five bucks in taxes?