I will get an extension and collect interest on my refund when I file in October.
what rate do they pay?
Currently, 3% for errornous returns in your favor, beginning on the date that you filed and ending on the date you amended. Interest is adjusted quarterly.
It should be noted that the interest rate is usually matched to the CPI rate of inflation, so the real interest rate becomes 0% and amended returns go straight to IRS auditors for review.
i'm still waiting on my investment tax statement...although i have the data...but more importantly, i need to figure out how to account for taxes deducted from a divided payment and paid to anouther country.
initial indications are i can reduce my divided income by that amount or claim it as a credit at the end. credit being more valuable.
i used to pay an accountant to do my business taxes. finally broke down and bought turbo tax.
had i known it was so easy i would have started doing them myself years ago.
i'm still waiting on my investment tax statement...although i have the data...but more importantly, i need to figure out how to account for taxes deducted from a divided payment and paid to anouther country.
initial indications are i can reduce my divided income by that amount or claim it as a credit at the end. credit being more valuable.
Prolly best to claim it as a foreign tax credit, which is more valuable then reducing your dividend.
i'm still waiting on my investment tax statement...although i have the data...but more importantly, i need to figure out how to account for taxes deducted from a divided payment and paid to anouther country.
initial indications are i can reduce my divided income by that amount or claim it as a credit at the end. credit being more valuable.
Prolly best to claim it as a foreign tax credit, which is more valuable then reducing your dividend.
yup...that was my conclusion....be the first time i have to file that form. i was looking forward to a very easy return this year. (didn't sell any stock this year). not that selling stock is all that complicated, just adds forms.
I will get an extension and collect interest on my refund when I file in October.
what rate do they pay?
Currently, 3% for errornous returns in your favor, beginning on the date that you filed and ending on the date you amended. Interest is adjusted quarterly.
It should be noted that the interest rate is usually matched to the CPI rate of inflation, so the real interest rate becomes 0% and amended returns go straight to IRS auditors for review.
There's better ways to earn interest out there.
Right. But they don't pay interest on general over payments that are refunded when a timely tax return is filed.
I just finished doing mine (mom came over and helped a little, i'm kinda bad with this :oops: ).
8/28/98- Camden, NJ
10/31/09- Philly
5/21/10- NYC
9/2/12- Philly, PA
7/19/13- Wrigley
10/19/13- Brooklyn, NY
10/21/13- Philly, PA
10/22/13- Philly, PA
10/27/13- Baltimore, MD
4/28/16- Philly, PA
4/29/16- Philly, PA
5/1/16- NYC
5/2/16- NYC
9/2/18- Boston, MA
9/4/18- Boston, MA
9/14/22- Camden, NJ
9/7/24- Philly, PA
9/9/24- Philly, PA
Tres Mts.- 3/23/11- Philly. PA
Eddie Vedder- 6/25/11- Philly, PA
RNDM- 3/9/16- Philly, PA
If you file timely, but the IRS takes longer than 45 days to process your return, they will pay you interest on your over payment based on the quarterly adjusted rate shown in the link.
and just like every other year for the past 5 years, the monday after i file, by broker sends me a revised 1099
every fuckin year. :fp:
doesn't change how i was going to report anything, but damn, everything is in a fuckin computer...how hard is it to produce a correct 1099 you stupid fucks.
Comments
why would you pay to have them done....gotta believe yours are super easy....
http://www.irs.gov
look for free file.
Laziness
and her state is done....
IL's tax website blows. :fp:
now we wait until the end of march to do mine.
Currently, 3% for errornous returns in your favor, beginning on the date that you filed and ending on the date you amended. Interest is adjusted quarterly.
It should be noted that the interest rate is usually matched to the CPI rate of inflation, so the real interest rate becomes 0% and amended returns go straight to IRS auditors for review.
There's better ways to earn interest out there.
My federal refund.....
$2.
2 fuckin dollars! :fp:
Oh, and I owe the stupid state of AZ a nice chunk. :x
initial indications are i can reduce my divided income by that amount or claim it as a credit at the end. credit being more valuable.
had i known it was so easy i would have started doing them myself years ago.
Prolly best to claim it as a foreign tax credit, which is more valuable then reducing your dividend.
yup...that was my conclusion....be the first time i have to file that form. i was looking forward to a very easy return this year. (didn't sell any stock this year). not that selling stock is all that complicated, just adds forms.
10/31/09- Philly
5/21/10- NYC
9/2/12- Philly, PA
7/19/13- Wrigley
10/19/13- Brooklyn, NY
10/21/13- Philly, PA
10/22/13- Philly, PA
10/27/13- Baltimore, MD
4/28/16- Philly, PA
4/29/16- Philly, PA
5/1/16- NYC
5/2/16- NYC
9/2/18- Boston, MA
9/4/18- Boston, MA
9/14/22- Camden, NJ
9/7/24- Philly, PA
9/9/24- Philly, PA
Eddie Vedder- 6/25/11- Philly, PA
RNDM- 3/9/16- Philly, PA
"I need your strength for me to be strong...I need your love to feel loved"
They do
But I have four options
1. Do it myself
2. Have my dad do it for me
3. pay my buddy, an accounting major, to do it for me
4. Go to the school and do it
Abrn Hlls '98 - Clarkston 2 '03 - Grd Rpds '06 - Abrn Hlls '06 - Clvd '10 - PJ20 - Berlin 1+2 '12 - Wrigley '13 - Pitt '13- buff '13- Philly 1+2 '13 - Seattle '13
IL's website sucks. once i put in property tax, i ended with a refund.
fucking goddamnit
mine will get here when it gets here.
doesn't really matter, no it doesn't really matter
I'm just going to blow it all on drugs anyway
No. Actually the interest rate on a timely filed return is currently 12%
why have i never received an interest payment
Have you not filed for 23 years? http://www.taxalmanac.org/index.php/Fed ... rest_Rates
If you file timely, but the IRS takes longer than 45 days to process your return, they will pay you interest on your over payment based on the quarterly adjusted rate shown in the link.
If that was the case, I'd overpay all of my extra dough.......the rate is 3% per annum., so on 1,000, you'd earn $2.50 per month, or $30 per year.
Jeremy Spoke :fp:
every fuckin year. :fp:
doesn't change how i was going to report anything, but damn, everything is in a fuckin computer...how hard is it to produce a correct 1099 you stupid fucks.
State of corruption