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View Poll Results: What are you getting/owing the government for 2020? | |||
I owe the government > $5000 | 8 | 11.59% | |
I owe the government > $1000 | 10 | 14.49% | |
I owe the government $101-999 | 6 | 8.70% | |
I nailed my withholding EXACTLY +/- $100 because I am a wizard | 3 | 4.35% | |
I loaned the government $101-999 | 7 | 10.14% | |
I loaned the government > $1000 | 14 | 20.29% | |
I loaned the government > $5000 | 21 | 30.43% | |
Voters: 69. You may not vote on this poll |
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02-19-2021, 07:09 PM | #51 |
Scooby Newbie
Member#: 229105
Join Date: Nov 2009
Chapter/Region:
MWSOC
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Federal shows as pending in my bank account until 2/22. Filed the day they opened up.
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02-19-2021, 08:23 PM | #52 | ||
Scooby Newbie
Member#: 155207
Join Date: Jul 2007
Chapter/Region:
Tri-State
Location: Bad things happen in Philly
Vehicle:2020 MDX 2022 Odyssey |
Quote:
Quote:
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02-20-2021, 09:19 AM | #53 |
Scooby Specialist
Member#: 34670
Join Date: Mar 2003
Chapter/Region:
South East
Vehicle:2016 slowmobile |
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02-20-2021, 09:40 AM | #54 |
Scooby Guru
Member#: 16840
Join Date: Mar 2002
Location: CO
Vehicle:17 4Runner |
I have no clue yet. We are waiting for the tax prep person to do ours. Wife has some payouts for company equity that have some weird challenge/complications that make me not really able to do any sort of estimating at all.
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02-20-2021, 11:21 AM | #55 |
Scooby Newbie
Member#: 185580
Join Date: Jul 2008
Chapter/Region:
Tri-State
Location: the legion of doom
Vehicle:2016 Tundra SR5 CM |
$9617 fed, $500ish state (OR.) Fed still in processing because of EITC and Child Tax Credit delays, so hopefully we'll see it the week after next. Paying off some debt before we close on our new house in a couple months.
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02-20-2021, 03:57 PM | #56 |
Scooby Guru
Member#: 36838
Join Date: May 2003
Chapter/Region:
MAIC
Location: Reston VA
Vehicle:2001 B50 RSTi Sedan 2011 DGM WRX hatch |
I owe about $30k as usual due to stock sales...
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02-20-2021, 06:14 PM | #57 |
Scooby Newbie
Member#: 31292
Join Date: Dec 2002
Chapter/Region:
NESIC
Location: The woods of south central NH
Vehicle:21 Taco Xtrek XR4 sienna |
My family is in every donut hole there is...too rich for free stuff/credits, etc., too poor for trickle-down tax loopholes. All your Covid stimulus and a few hundred more are belong to Feds on April15.
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02-20-2021, 06:24 PM | #58 |
Scooby Newbie
Member#: 131702
Join Date: Nov 2006
Chapter/Region:
Tri-State
Location: NJ
Vehicle:2017 WRX Premium CWP |
I owe $11.5k to the Feds, mostly because the wife was on unemployment all of last year not paying Federal Income Tax on her payments and despite warning her of this scenario, she blew most of her cash on garbage (while I pay all the bills). How about dem apples?
Luckily we get $1,500 back from the state. |
02-20-2021, 06:43 PM | #59 |
Scooby Newbie
Member#: 17948
Join Date: Apr 2002
Chapter/Region:
SCIC
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Getting a refund from fed, owe state about $1k less. First year as mortgagers, so wasn’t sure what expect. Moved halfway through the year.
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02-20-2021, 07:20 PM | #60 | |
Scooby Specialist
Member#: 137902
Join Date: Jan 2007
Chapter/Region:
MWSOC
Location: traverse city, Mi skeletor
Vehicle:---- living life to the least!! |
Quote:
so you get a few $$ less weekly but at least you know you're covered. |
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02-20-2021, 07:30 PM | #61 |
Spreadsheet!
Member#: 34694
Join Date: Mar 2003
Vehicle:The creator of "Life's a Beach!" |
Anyone have their return accepted yet?
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02-20-2021, 07:34 PM | #62 |
Scooby Specialist
Member#: 141952
Join Date: Feb 2007
Chapter/Region:
MWSOC
Location: milwaukee'ish
Vehicle:2023 M340i |
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02-20-2021, 07:39 PM | #63 |
Scooby Guru
Member#: 11671
Join Date: Oct 2001
Chapter/Region:
SWIC
Location: Gilbert, AZ
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I filed earlier today and my return has already been accepted by the fed.
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02-20-2021, 07:56 PM | #64 |
Scooby Newbie
Member#: 155207
Join Date: Jul 2007
Chapter/Region:
Tri-State
Location: Bad things happen in Philly
Vehicle:2020 MDX 2022 Odyssey |
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02-20-2021, 08:22 PM | #65 |
Scooby Specialist
Member#: 17797
Join Date: Apr 2002
Chapter/Region:
MAIC
Location: Pittsburgh, PA
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Mine was also accepted soon after filing this morning. I’m wondering how long it will take to be approved and funds deposited.
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02-20-2021, 08:56 PM | #66 |
Scooby Newbie
Member#: 229105
Join Date: Nov 2009
Chapter/Region:
MWSOC
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Sent/approved 2/12, deposit cleared today 2/20
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02-21-2021, 08:34 AM | #67 |
Scooby Specialist
Member#: 58504
Join Date: Mar 2004
Chapter/Region:
South East
Location: Ready to try OpenECU.org!!!
Vehicle:2004 STi Aspen White / Silver |
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02-21-2021, 08:37 AM | #68 |
Scooby Guru
Member#: 36838
Join Date: May 2003
Chapter/Region:
MAIC
Location: Reston VA
Vehicle:2001 B50 RSTi Sedan 2011 DGM WRX hatch |
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02-21-2021, 09:36 AM | #69 |
Scooby Specialist
Member#: 52314
Join Date: Jan 2004
Chapter/Region:
South East
Location: Following the green weenie
Vehicle:... 02 and 04 WRXs! 2020 G70 3.3T RWD |
For 2020 I owe $3,439 according to TurboTax
Posting this here as well because of views to this thread. on December 12th, I got a note from the IRS about an error with 2018 taxes. Apparently part of a settlement I received should have been claimed as income (whoops) and I owe ~$3k on taxes on it. They wanted payment or at least a response to them by 30 December! I read through the charges and see that they tacked on almost $700 because one of the settlement checks paid out on a 1099 and claimed I was self employed I responded (by fax... it was that or regular mail) with what I believe is the correct amount owed in a letter, and explained that I was working with the previous employer for the tax documents (that I tossed like a couple of months ago ) It's now Feb, and I have not received any updated information from them. I created a profile on the IRS website that of course contains none of this information, and the phone number to call is automated online The only thing I know to do is send in another fax with the tax documents I now have and see if they concur with the adjusted amount owed. |
02-23-2021, 10:32 AM | #70 |
Scooby Specialist
Member#: 17797
Join Date: Apr 2002
Chapter/Region:
MAIC
Location: Pittsburgh, PA
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Well dammit. I filed on Saturday. I realized today that I completely forgot about one form (K-1 for the S Corp). I’m going to have to amend once that is available. It usually wouldn’t be a big deal. However, the PPP our group got changes it a good bit this year, and it should increase my refund as the K1 shows a loss that can be deducted.
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02-23-2021, 11:07 AM | #71 |
Scooby Newbie
Member#: 64665
Join Date: Jun 2004
Location: WA
Vehicle:1997 Toyota Blurple |
e-filed on Feb 16, deposited today. One week turn around not too shabby.
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02-23-2021, 11:15 AM | #72 |
Scooby Specialist
Member#: 453
Join Date: Oct 1999
Location: ***23567;***12373;***12356;***
Vehicle:2020 Kia Telluride 2021 Porsche Taycan |
So an interesting twist in my tax returns :
Because I applied and qualified for a PPP loan for my solo corporation in 2020, all PPP loans are not federal taxable, however not all states have yet made these loans non-taxable, including CA. I've now been advised to hold off on filing both my business and individual tax returns and play the waiting game until CA passes legislation making the PPP non state-taxable as well, otherwise I could be out another $2-3k in state taxes that I may not need to pay. |
02-23-2021, 11:47 AM | #73 | |
Scooby Specialist
Member#: 17797
Join Date: Apr 2002
Chapter/Region:
MAIC
Location: Pittsburgh, PA
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Quote:
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02-23-2021, 12:01 PM | #74 | |
Scooby Guru
Member#: 145105
Join Date: Apr 2007
Chapter/Region:
MAIC
Location: Middle River, Maryland
Vehicle:2015 Honda Accord |
Quote:
It was for T. Rowe Price. Her father passed away back in May and they had a joint account. I don't think it was much but maybe under $40 in interest. I'll check when I get home. How should I proceed? Never had to do this before. |
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02-23-2021, 12:13 PM | #75 |
Scooby Specialist
Member#: 34670
Join Date: Mar 2003
Chapter/Region:
South East
Vehicle:2016 slowmobile |
$40 in interest? Put the form in a file with a post-it that said you forgot. Open only if audited.
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