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Question for the tax gurus
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 2008-05-15 9:10 AM |
Extreme Veteran  633   |  Subject: Question for the tax gurusI did my taxes way back in February... I used an online preparer software (TurboTax). Am I screwed (gonna get a check in the mail) if I had them deduct from my return for the cost of using the online software? Not that I'm desperatley needing it or anything, but that sucks! |
| 2008-05-15 9:12 AM in reply to: #1404042 |
Giver 18427   | Subject: RE: Question for the tax gurus Yes. I'm in the same boat. From the IRS: "* Filing and/or preparation fees were deducted from your refund or you received a rapid refund from your preparer. You will be receiving a check instead of a direct deposit. Please see the Paper Check Payment Schedule below. " Edited by run4yrlif 2008-05-15 9:13 AM |
| 2008-05-15 9:14 AM in reply to: #1404053 |
Extreme Veteran 633 | Subject: RE: Question for the tax gurus run4yrlif - 2008-05-15 9:12 AM Yes. I'm in the same boat. From the IRS: "* Filing and/or preparation fees were deducted from your refund or you received a rapid refund from your preparer. You will be receiving a check instead of a direct deposit. Please see the Paper Check Payment Schedule below. " That's lame, I wonder why it's like that? Wonder if we get some of that deduction back? |
| 2008-05-15 9:22 AM in reply to: #1404060 |
Giver 18427 | Subject: RE: Question for the tax gurus |
| 2008-05-15 9:45 AM in reply to: #1404042 |
Expert 3974 MA | Subject: RE: Question for the tax gurus Probably because of the datawarehousing and the current state of the backplane automation used for calculating and sending the refunds electronically. If they don't have the functionality in their automation to alter the actual refund amount for things like preparer fees then they'd have to revert to the older methods for those returns. That is most likely why you're getting a paper check in the mail. It's not easy to implement that sort of automation for a load of hundreds of millions of transactions over the course of a couple of months yet requires the type of zero error 100% availability the IRS must have to provide and be absolutely impregnable to hackers at the same time. Hard, hard, hard. |
 2008-05-15 9:57 AM in reply to: #1404042 |
| Subject: ... This user's post has been ignored. Edited by surfwallace 2008-05-15 9:59 AM |
| 2008-05-15 9:59 AM in reply to: #1404238 |
| Giver 18427 | Subject: RE: Question for the tax gurus surfwallace - 2008-05-15 10:57 AM You are talking about the actual refund check and not the rebate check, yes? ! The rebate check, Ithink. At least that's what I was posting about. |
| 2008-05-15 10:04 AM in reply to: #1404238 |
| Sneaky Slow 8694 Herndon, VA, | Subject: RE: Question for the tax gurus surfwallace - 2008-05-15 10:57 AM You are talking about the actual refund check and not the rebate check, yes? I have no idea what it is like to get money back. The transaction fee is applied to the money I owe and charged to my credit card when I pay taxes owed. I think that it is total crap that the transaction fee is a percentage of taxes owed rather than a fixed fee. I think that is because VISA/MC charge a percentage as well? I could be wrong about this... it does suck, though. |
| 2008-05-15 10:07 AM in reply to: #1404242 |
| Extreme Veteran 633 | Subject: RE: Question for the tax gurus run4yrlif - 2008-05-15 9:59 AM surfwallace - 2008-05-15 10:57 AM You are talking about the actual refund check and not the rebate check, yes? ! The rebate check, Ithink. At least that's what I was posting about. The stimulus check is what I was talking about |
| 2008-05-15 10:09 AM in reply to: #1404242 |
| Expert 3974 MA | Subject: RE: Question for the tax gurus run4yrlif - 2008-05-14 10:59 AM The rebate check, Ithink. At least that's what I was posting about. They're using the same data for the rebate check autodeposits that they used for the refunds. If you got a paper refund, you're getting a paper rebate. I already have my rebate and I got it electronically. I imagine this is being done because they didn't have time to develop the software necessary to do the one-time rebate operation unless they leveraged the existing refund automation. |
| 2008-05-15 10:15 AM in reply to: #1404278 |
| Giver 18427 | Subject: RE: Question for the tax gurus chadtower - 2008-05-15 11:09 AM run4yrlif - 2008-05-14 10:59 AM The rebate check, Ithink. At least that's what I was posting about. They're using the same data for the rebate check autodeposits that they used for the refunds. If you got a paper refund, you're getting a paper rebate. I already have my rebate and I got it electronically. I imagine this is being done because they didn't have time to develop the software necessary to do the one-time rebate operation unless they leveraged the existing refund automation.I got an electronic refund, but I'm getting a paper rebate. At least that's what the info on irs.gov (and the fact that I haven't gotten a direct deopist yet) say. |
| 2008-05-15 10:17 AM in reply to: #1404298 |
| Expert 3974 MA | Subject: RE: Question for the tax gurus run4yrlif - 2008-05-14 11:15 AM I got an electronic refund, but I'm getting a paper rebate. At least that's what the info on irs.gov (and the fact that I haven't gotten a direct deopist yet) say. That's odd and I don't have a guess for that one. They did say the rebates were going to take a couple months, ordered in some nondisclosed fashion according to social security numbers. |
| 2008-05-15 10:20 AM in reply to: #1404310 |
| Giver 18427 | Subject: RE: Question for the tax gurus |
| 2008-05-15 10:22 AM in reply to: #1404310 |
| Sneaky Slow 8694 Herndon, VA, | Subject: RE: Question for the tax gurus chadtower - 2008-05-15 11:17 AM run4yrlif - 2008-05-14 11:15 AM I got an electronic refund, but I'm getting a paper rebate. At least that's what the info on irs.gov (and the fact that I haven't gotten a direct deopist yet) say. That's odd and I don't have a guess for that one. They did say the rebates were going to take a couple months, ordered in some nondisclosed fashion according to social security numbers. Not undisclosed... DIRECT DEPOSIT
Paper checks will also go out based on Social Security number. For Social Security numbers ending in 00 through 09, the paper checks will be mailed starting May 9 and will continue through May 16. A similar process will be repeated in the following weeks. Please allow additional delivery time, perhaps 3 to 5 days, since the paper checks are being sent through the mail. PAPER CHECK
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| 2008-05-15 10:23 AM in reply to: #1404329 |
| Expert 3974 MA | Subject: RE: Question for the tax gurus newleaf - 2008-05-14 11:22 AM Not undisclosed... Heh. It was undisclosed when they originally announced that method... they didn't fill in the details until later on and clearly I didn't look it up.  |
| 2008-05-15 10:30 AM in reply to: #1404298 |
| Extreme Veteran 318 North Carolina | Subject: RE: Question for the tax gurus run4yrlif - 2008-05-15 10:15 AM chadtower - 2008-05-15 11:09 AM run4yrlif - 2008-05-14 10:59 AM The rebate check, Ithink. At least that's what I was posting about. They're using the same data for the rebate check autodeposits that they used for the refunds. If you got a paper refund, you're getting a paper rebate. I already have my rebate and I got it electronically. I imagine this is being done because they didn't have time to develop the software necessary to do the one-time rebate operation unless they leveraged the existing refund automation.I got an electronic refund, but I'm getting a paper rebate. At least that's what the info on irs.gov (and the fact that I haven't gotten a direct deopist yet) say.
I got both my refund and rebate electronically...however I didn't get the 600 as promised, it was something around 528 or so... I thought it was weird
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| 2008-05-15 11:29 AM in reply to: #1404356 |
| Expert 606 Lakeville, MN | Subject: RE: Question for the tax gurus run_your_run - 2008-05-15 9:30 AM I got both my refund and rebate electronically...however I didn't get the 600 as promised, it was something around 528 or so... I thought it was weird They reduce the refund if your AGI is over 75K for single filers. I think the reduction is 10% or so of the amount over 75K. My refund was enough for a bottle of scotch...cheap scotch. Edited by cooutdoors 2008-05-15 11:31 AM |
| 2008-05-15 2:02 PM in reply to: #1404329 |
| Expert 1603 Westchester, NY | Subject: RE: Question for the tax gurus According to all the info I should have gotten mine via direct deposit on May 9 or thereabouts. I've still not seen it. :-( |
| 2008-05-15 2:22 PM in reply to: #1405070 |
| Extreme Veteran 633 | Subject: RE: Question for the tax gurus Fatdoggy - 2008-05-15 2:02 PM According to all the info I should have gotten mine via direct deposit on May 9 or thereabouts. I've still not seen it. :-( It's horse sh*t I tell ya, my SO got hers a week and a half ago, and she's younger than I am, and she did her taxes later than I did. |
| 2008-05-15 2:49 PM in reply to: #1405142 |
| Pro 4089 Without house | Subject: RE: Question for the tax gurus kevmk81 - 2008-05-15 2:22 PM Fatdoggy - 2008-05-15 2:02 PM According to all the info I should have gotten mine via direct deposit on May 9 or thereabouts. I've still not seen it. :-( It's horse sh*t I tell ya, my SO got hers a week and a half ago, and she's younger than I am, and she did her taxes later than I did.Age and time finishing taxes have nothing to do with it. It's based on the last 2 digits of your SSN. FWIW, I had to pay in...so I won't be seeing mine until June 6th or there abouts (which sucks, because I'm moving that week...hello and extra week...I wonder if they will forward or if it will get sent back to the government?) Edited by maggyruth 2008-05-15 2:54 PM |
| 2008-05-15 2:55 PM in reply to: #1405224 |
| Extreme Veteran 633 | Subject: RE: Question for the tax gurus maggyruth - 2008-05-15 2:49 PM kevmk81 - 2008-05-15 2:22 PM Fatdoggy - 2008-05-15 2:02 PM According to all the info I should have gotten mine via direct deposit on May 9 or thereabouts. I've still not seen it. :-( It's horse sh*t I tell ya, my SO got hers a week and a half ago, and she's younger than I am, and she did her taxes later than I did.Age and time finishing taxes have nothing to do with it. It's based on the last 2 digits of your SSN. FWIW, I had to pay in...so I won't be seeing mine until June 6th or there abouts (which sucks, because I'm moving that week...hello and extra week...I wonder if they will forward or if it will get sent back to the government?) Ouch, that sucks! Edit: you'll still get yours before I get mine  Edited by kevmk81 2008-05-15 2:56 PM |
| 2008-05-15 3:00 PM in reply to: #1404541 |
| Champion 5575 Butler | Subject: RE: Question for the tax gurus cooutdoors - 2008-05-15 11:29 AM Correct. I think alot of people heard you will get $600 not you will get up to $600. They started the amount the more you made.run_your_run - 2008-05-15 9:30 AM They reduce the refund if your AGI is over 75K for single filers. I think the reduction is 10% or so of the amount over 75K. My refund was enough for a bottle of scotch...cheap scotch.I got both my refund and rebate electronically...however I didn't get the 600 as promised, it was something around 528 or so... I thought it was weird |
| 2008-05-15 3:15 PM in reply to: #1405264 |
| Expert 3974 MA | Subject: RE: Question for the tax gurus kproudfoot - 2008-05-14 4:00 PM Correct. I think alot of people heard you will get $600 not you will get up to $600. They started the amount the more you made. I got what I think may be the max amount... |
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