Taxes...

[EHLERZ5]

Jeff.....

If you filed your return and didn't even have to answer the question or enter your stimulus, you 2008 refund would have still only been $962....

You're not getting PENALIZED because of the stimulus... that line is set up to get it back for people that didn't get it or only received part of it....

So if I'm "getting it", what EHLERZ is saying is that Jeff's return was showing he would get $300 more back because it appeared he hadn't received all of his stimulus check since he only entered $300 instead of $600. And once he corrected it to $600, "they" realized he had gotten all of it, so the total refund was corrected to remove the $300 that, in fact, he had already received...Right?

So there was no penalty..right?

I got $2100 too..I desperately don't want there to be a penalty...

[Jeff Crow]

Originally Posted by EHLERZ5

Jeff.....

If you filed your return and didn't even have to answer the question or enter your stimulus, you 2008 refund would have still only been $962....

You're not getting PENALIZED because of the stimulus... that line is set up to get it back for people that didn't get it or only received part of it....

I was just wondering why it said I was getting $1264 before I put in the correct amount? I used turbo tax and I also used the H&R Block calculator...it estimated my return as $1260. It just seems odd that everything was showing a little over $1200 until I answered that question and put in the amount.

[EHLERZ5]

Dawn you got it!

Jeff -- Because EVERYONE will need to put in WHAT they got.... When you put the wrong amount in at the beginning, the IRS was going to hand you another $300, because you were entitled to $600 last year. Those online sites/tax programs are getting alot of people mixed up so far this tax season, because they are not asking things the right way -- it's confusing people and causing mistakes.... (WHICH IS WHAT THE IRS WANTS! They collect on mistakes later on!) Did they even ask you about Property Taxes???

[Jeff Crow]

I understand what your saying. You just had me a little confused when you said I would have still only gotten the $962 even if I wouldn't have answered that question. The odd thing is that I am getting less back this year and I payed in more taxes this year than any previous year.

I think I am going to adopt a kid for the year. I should just adopt a 17 year old kid every year and when they turn 18 kick them to the curb and adopt another one to claim

Originally Posted by EHLERZ5

Dawn you got it!

Jeff -- Because EVERYONE will need to put in WHAT they got.... When you put the wrong amount in at the beginning, the IRS was going to hand you another $300, because you were entitled to $600 last year. Those online sites/tax programs are getting alot of people mixed up so far this tax season, because they are not asking things the right way -- it's confusing people and causing mistakes.... (WHICH IS WHAT THE IRS WANTS! They collect on mistakes later on!) Did they even ask you about Property Taxes???

[NateR]

Originally Posted by Jeff Crow

I was just wondering why it said I was getting $1264 before I put in the correct amount?

Because you originally put in the incorrect amount. Did you flunk math, Jeff?

The government "owed" you $600 last year, so when you said they only paid you $300, then that meant they still owed you another $300. So that showed up in your return this year. When it was discovered that they had actually paid you the full $600, then you got your true return.

If the computer hadn't caught the mistake and you had filed, then you would have had to pay back that $300 plus penalties and interest.

Speaking from experience, I let the Army do my taxes for 1999 and it turns out they messed up and I was overpaid $900 in my return. Well, I didn't find out until late 2001 and the interest was backdated to the spring of 2000, so I ended up owing the IRS over $1100.

So, just be glad that it was caught before you filed.

[Jeff Crow]

Originally Posted by NateR

Because you originally put in the incorrect amount. Did you flunk math, Jeff?

The government "owed" you $600 last year, so when you said they only paid you $300, then that meant they still owed you another $300. So that showed up in your return this year. When it was discovered that they had actually paid you the full $600, then you got your true return.
.

I got that, but if we are going by the math...why did it say I was getting $1264 no matter if I put $300 or $0 like I did on the H&R calculator. If I put $0, wouldn't it have showed me being owed $1564? Maybe I am just really confusing myself trying to figure out why I think I got screwed this year

I have a question for the tax man.. I made about 115-125k for the first time ever this year, and I am single w/ no dependents and no house. I did not write anything off, which is foolish on my part because I do a lot of travelling and stay in motels etc., so my question is if I could have a rough ballpark figure on what I am going to have to pay back.. The reason I ask is because I'm pretty sure there isn't a snowball chance in me getting a return this year, so I was wondering I could get a rough figure on what I'll be looking to pay back..

Thank you

[Llamafighter]

Originally Posted by NateR

I didn't get a stimulus check last year, so I guess I don't have to worry about anything.

It don't matter, I'm not getting a return this year either; since all of my pay comes in personal checks, I don't have taxes taken out ahead of time. So I'll probably have to pay a couple hundred bucks in taxes this year too.

We didn;t get one either. I think because we were on a payment plan for the large ammount we ended up oweing last year. Just this month we are sending in the last check.

[MattHughesRocks]

This is a great thread Jeff. I'm glad this happened to you so you'd bring it up
Can't you get Cooper a social security number?