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#1484840 - 12/23/10 07:08 PM
IRS Delays Filing for Taxpayers With Itemized Dedu
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10K Club
Joined: Jul 2004
Posts: 18,989
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IRS Delays Filing for Taxpayers With Itemized Deductions WTH! Delayed filing AND no increase in the standard deduction or exemptions from last year!
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#1484845 - 12/23/10 07:13 PM
Re: IRS Delays Filing for Taxpayers With Itemized Dedu
A_G
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Platinum Poster
Joined: Feb 2010
Posts: 960
Illinois
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I file on April 15. I'm not mailing that check a day sooner.
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#1484882 - 12/23/10 07:45 PM
Re: IRS Delays Filing for Taxpayers With Itemized Dedu
MyBrainHurts
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10K Club
Joined: Aug 2002
Posts: 34,318
under the Lone Star
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Low income women and children will be hurt the most, they will be driven into the waiting arms of fee-based tax preparers to get their taxes done on an estimated basis and then accept the offer of a refund anticipation loan.
Estimated tax preparation and a RAL will cost them $500 to $1000.
Then half these people don't have a banking relationship, and they will pay on average 5% to cash the RAL check at a check casher, payday lender or pawn shop.
There is a lot to be said for some system to replace our God awful income tax.
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#1484891 - 12/23/10 07:50 PM
Re: IRS Delays Filing for Taxpayers With Itemized Dedu
Pale Rider
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Power Poster
Joined: Mar 2005
Posts: 6,298
San Diego, CA
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OK, I file as soon as I can, btu considereing I have to wait until almost February to even start due to waiting for my W2 and other forms, how is this that big of an issue? I normally don't have my taxes done until this new delay anyway.
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Dabbling in banking, law, accounting...the life of a trustee.
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#1484896 - 12/23/10 07:52 PM
Re: IRS Delays Filing for Taxpayers With Itemized Dedu
Dip
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10K Club
Joined: Jul 2004
Posts: 18,989
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<----usually has his refund by mid-January
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#1484978 - 12/23/10 08:26 PM
Re: IRS Delays Filing for Taxpayers With Itemized Dedu
Dip
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10K Club
Joined: Aug 2002
Posts: 34,318
under the Lone Star
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You are in the minority dpi
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#1484984 - 12/23/10 08:31 PM
Re: IRS Delays Filing for Taxpayers With Itemized Dedu
A_G
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Platinum Poster
Joined: Feb 2010
Posts: 960
Illinois
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<----usually has his refund by mid-January Why do you give the Treasury an interest free loan?
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#1484986 - 12/23/10 08:35 PM
Re: IRS Delays Filing for Taxpayers With Itemized Dedu
MyBrainHurts
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10K Club
Joined: Jul 2004
Posts: 18,989
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I know, I know!! It's stupid. I mean I'm not one of those "I get $5,000 - 15,000 back! But it's soooooooooooo nice getting that check direct deposit!
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#1485638 - 12/27/10 02:16 PM
Re: IRS Delays Filing for Taxpayers With Itemized Dedu
B_F
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10K Club
Joined: Jul 2004
Posts: 18,989
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It's not the IRS that can't get itself together.
Maybe if Congress hadn't waited until the second last week of the year to pass/renew tax stuff! The IRS was waiting on them!
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#1486014 - 12/28/10 02:32 PM
Re: IRS Delays Filing for Taxpayers With Itemized Dedu
Princess Romeo
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10K Club
Joined: Aug 2002
Posts: 34,318
under the Lone Star
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Maybe a Stafford subsidized, or even a Stafford unsubsidized, but don't do Parent Plus!!!!!
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Societies that do not find work in and of itself "pleasing to God and requisite to Man," tend to be highly corrupt.
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#1486319 - 12/28/10 06:57 PM
Re: IRS Delays Filing for Taxpayers With Itemized Dedu
A_G
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10K Club
Joined: Jul 2002
Posts: 13,994
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you need a loan for 5th grade?
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#1488213 - 12/31/10 09:17 PM
Re: IRS Delays Filing for Taxpayers With Itemized Dedu
A_G
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10K Club
Joined: Jul 2004
Posts: 18,989
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Oh, gosh darn it all! I just found out that I'm going to have to wait to file since I have to use a regular 1040 this year and not the 1040A. Thank's a lot HSA account!!!
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#1488216 - 12/31/10 09:21 PM
Re: IRS Delays Filing for Taxpayers With Itemized Dedu
A_G
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Power Poster
Joined: Jun 2005
Posts: 4,594
Easy Street
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Even with my mortgage interest I get more with standard deductions.
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#1488217 - 12/31/10 09:23 PM
Re: IRS Delays Filing for Taxpayers With Itemized Dedu
cheekEE
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10K Club
Joined: Jul 2004
Posts: 18,989
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I always take the standard. Ugh - apparently this year I can't (well, I can, I just can't use the easier form) due to having an HSA.
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#1488743 - 01/04/11 12:29 AM
Re: IRS Delays Filing for Taxpayers With Itemized Dedu
A_G
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Platinum Poster
Joined: Sep 2003
Posts: 729
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Princess romeo: Can't you use your 2009 figures as an estimate on the FAFSA?
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