1. Do you e-file?
2. If so, how quickly do you usually get your refund?
I filed last Thursday through H&R Block's "Tax Cut Basic" online application. I had to mail in one form (the federal signature form) and received my Illinois state refund yesterday, with my federal refund being deposited today. That makes a total of 8 days (or 6 business days) for the US government to accept my refund and make a deposit in my account. I'm thoroughly impressed, considering that I did the same last year and it took 2 full weeks for the same process.
If you don't get a refund, I'm sorry.
If you live outside the U.S., bleh.
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Does that take a %cut out of your refund or a flat rate?
It was something like 60 bucks for the software and filing (flat rate), which included federal and 1 state return. I had my refund deposited through their proxy account, and the cost deducted directly from my refund, so there were no upfront charges. It costs more if you have to use a higher level product (for example, if you're not able to use 1040 for some reason).
If I remember right from last year it cost $10 edit: 10 for fileing, software was more. But its also a tax write off. I've e-filed for the last 6 years now. I find it works quite well. Usually about a 1 week turnaround for me on average. one year I got it in 3 days, one year it took 14 but that included a 3 day weekend. /shrug.
Edited, Feb 8th 2008 4:49pm by Kaolian
Edited, Feb 8th 2008 4:49pm by Kaolian
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Mine was taxcut. 60 bucks for program, 12.95 or something .95 to file, and then around the same for the extension.
Hrm, maybe next year. Don't think it would be worthwhile this year as I haven't kept any receipts for charitable deductions and I can use the 1040 EZ.
Please tell me none of you actually use any of those quick tax refund loan-scams companies like H&R Block use. You might as well light your cash on fire.
Totem
Totem
After the cross-country move and buying the new house, my tax refund was berry berry good to me. 
'Lo, there do I see, the line of my people, back to the beginning, 'lo do they call to me, they bid me take my place among them, in the halls of Valhalla, where the brave...may live...forever.
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I consider myself well paid, but I don't make $240 an hour, which I figure is about how much I'd need to make to justify using that kinda software at that price.
Totem wrote:
Please tell me none of you actually use any of those quick tax refund loan-scams companies like H&R Block use. You might as well light your cash on fire.
Totem
Totem
A quick tax refund does not automatically equate to the use of a tax loan service. I posted out of sincere surprise that the actual refund process took so little time. Hardly worth noting if I used a loan service which gives you your refund the same day you file, for a percentage of the return.
Kachi wrote:
I consider myself well paid, but I don't make $240 an hour, which I figure is about how much I'd need to make to justify using that kinda software at that price.
At what price.. the $60.00 that has been mentioned? $60.00 is hardly a large amount of money, and for most people, I would assume, not really a point of contention given the option of receiving their tax refund in two weeks instead of 4-6 weeks. Hell, in my case, my state refund covered the cost entirely.
Now, if you own a house or other property, or otherwise owe taxes instead of getting a refund, yeah, I wouldn't be in a hurry to file, and I certainly wouldn't pay more money to do so electronically.
I have an accountant that does all the work. He sends me a worksheet that I fill out, along with a list of documents to give him and he takes care of the rest. Costs me about $100 each year, and my refund usually comes fairly quickly as I typically get it done before the end of Febuary.
Some people are like slinkies, they aren't really good for anything, but they still bring a smile to your face when you push them down the stairs.
Kakar wrote:
I have an accountant that does all the work. He sends me a worksheet that I fill out, along with a list of documents to give him and he takes care of the rest. Costs me about $100 each year, and my refund usually comes fairly quickly as I typically get it done before the end of Febuary.
Yep, same here. Self-employment sucks for filling out taxes, I'd rather have an accountant do it, since she usually saves me more money from finding stuff I never would than it costs to have her do my taxes.
Do what now?
I e-filed last year and it was the first year I ever owed. Everyone I know who used an accountant got $$ back. This year I'll go human once more, see how it goes.
Also, state of IL taxes suck.
Also, state of IL taxes suck.
#14REDACTED,
Posted: Feb 09 2008 at 10:11 AM, Rating: Sub-Default, (Expand Post) turbo tax 3 years, and once every four years i go to a tax company just to make sure im not missing something or doing something i shouldnt.
We always do efile and have loved it. This year with the move, we did probably the best we have ever done. In fact I almost wondered if Sick messed up somewhere we did so well, but everything looked on the dot. Yay us!
IRS e-file direct deposit cycle this year ends on 11:00 AM Thursday (started Jan. 17th) of every week. Therefore, if your return is e-filed and you chose direct deposit (which you should, it's way easier) you'll receive it the Friday, 1 weeks after it was accepted. So, if you e-file a return Wednesday, February 13th you will get your refund on Friday, February 22nd. But remember, it has to be -accepted- by the IRS before 11:00 AM Thursday of that week or you'll have to wait till the next cycle for your money to be deposited. Federal returns are generally accepted 12 hours from when they are sent.
If you decide to have your money sent to you via check, you'll have to wait another 7 days from the Friday that you would have received your direct deposit, if you had chosen to do so, for the IRS to even issue the check. That doesn't include the time it would take for the check to arrive through the mail.
See this publication for more information: http://www.irs.gov/pub/irs-pdf/p2043.pdf
Edit: I knew that was wrong...it's 1 week, not two, duh...
Edited, Feb 9th 2008 1:57pm by AngryBystander
If you decide to have your money sent to you via check, you'll have to wait another 7 days from the Friday that you would have received your direct deposit, if you had chosen to do so, for the IRS to even issue the check. That doesn't include the time it would take for the check to arrive through the mail.
See this publication for more information: http://www.irs.gov/pub/irs-pdf/p2043.pdf
Edit: I knew that was wrong...it's 1 week, not two, duh...
Edited, Feb 9th 2008 1:57pm by AngryBystander
Quote:
At what price.. the $60.00 that has been mentioned? $60.00 is hardly a large amount of money, and for most people, I would assume, not really a point of contention given the option of receiving their tax refund in two weeks instead of 4-6 weeks. Hell, in my case, my state refund covered the cost entirely.
Well, that's fine if you for some reason need the money immediately. To me it makes no difference if I get it in a week or six months. It takes me maybe 15 minutes to do my own taxes. I live in TN, which is a sales tax state, probably the main reason it doesn't seem worthwhile to me.
Kachi wrote:
Quote:
At what price.. the $60.00 that has been mentioned? $60.00 is hardly a large amount of money, and for most people, I would assume, not really a point of contention given the option of receiving their tax refund in two weeks instead of 4-6 weeks. Hell, in my case, my state refund covered the cost entirely.
Well, that's fine if you for some reason need the money immediately. To me it makes no difference if I get it in a week or six months. It takes me maybe 15 minutes to do my own taxes. I live in TN, which is a sales tax state, probably the main reason it doesn't seem worthwhile to me.
To each his own, and for sure, it's nothing more than a convenience cost. It's just a convenience I feel comfortable paying for.
At what price.. the $60.00 that has been mentioned? $60.00 is hardly a large amount of money
Well, it is when you can use the identical software to efile for free. Unless your taxes are very complex, it's a massive waste of money. If they are that complex, you should hire an accountant.
Disclaimer:
To make a long story short, I don't take any responsibility for anything I post here. It's not news, it's not truth, it's not serious. It's parody. It's satire. It's bitter. It's angsty. Your mother's a *****. You like to jack off dogs. That's right, you heard me. You like to grab that dog by the bone and rub it like a ski pole. Your dad? Gay. Your priest? Straight. **** off and let me post. It's not true, it's all in good fun. Now go away.
To make a long story short, I don't take any responsibility for anything I post here. It's not news, it's not truth, it's not serious. It's parody. It's satire. It's bitter. It's angsty. Your mother's a *****. You like to jack off dogs. That's right, you heard me. You like to grab that dog by the bone and rub it like a ski pole. Your dad? Gay. Your priest? Straight. **** off and let me post. It's not true, it's all in good fun. Now go away.
I efiled using the free H&R Block taxcut through the IRS website and got my federal return on Friday. I opted to not file my state taxes through the same program, as it would have cost me something (I think $25ish), so I just hoped over to the state of Maine's website and filed my state taxes for free over there...I got those about a week and a half ago.
Nexa
Nexa
“It has always been the prerogative of children and half-wits to point out that the emperor has no clothes. But a half-wit remains a half-wit, and the emperor remains an emperor.â€
― Neil Gaiman, The Sandman, Vol. 9: The Kindly Ones
― Neil Gaiman, The Sandman, Vol. 9: The Kindly Ones
Smasharoo wrote:
At what price.. the $60.00 that has been mentioned? $60.00 is hardly a large amount of money
Well, it is when you can use the identical software to efile for free. Unless your taxes are very complex, it's a massive waste of money. If they are that complex, you should hire an accountant.
Consider this: It took me literally 5 minutes to do my taxes. 6 if you count the time to round up the necessary paperwork. I received my refund of approximately $4k in 8 days. If something is wrong with my refund, H&R block will assist me in dealing with the IRS. Now sure, I could file it myself via mail, or choose some other cheaper or even free e-file method, but the convenience and ease of this method is worth the rather nominal cost, to me. Like I said, to each his own.
The One and Only BrownDuck wrote:
Smasharoo wrote:
At what price.. the $60.00 that has been mentioned? $60.00 is hardly a large amount of money
Well, it is when you can use the identical software to efile for free. Unless your taxes are very complex, it's a massive waste of money. If they are that complex, you should hire an accountant.
Consider this: It took me literally 5 minutes to do my taxes. 6 if you count the time to round up the necessary paperwork. I received my refund of approximately $4k in 8 days. If something is wrong with my refund, H&R block will assist me in dealing with the IRS. Now sure, I could file it myself via mail, or choose some other cheaper or even free e-file method, but the convenience and ease of this method is worth the rather nominal cost, to me. Like I said, to each his own.
All of that is true for me as well...except I paid nothing for it. However, I'm in the income bracket to do so.
Nexa
“It has always been the prerogative of children and half-wits to point out that the emperor has no clothes. But a half-wit remains a half-wit, and the emperor remains an emperor.â€
― Neil Gaiman, The Sandman, Vol. 9: The Kindly Ones
― Neil Gaiman, The Sandman, Vol. 9: The Kindly Ones
If something is wrong with my refund, H&R block will assist me in dealing with the IRS. Now sure, I could file it myself via mail, or choose some other cheaper or even free e-file method, but the convenience and ease of this method is worth the rather nominal cost, to me. Like I said, to each his own.
Read it again, genius.
You could have done all of that with all of those conditions in the same amount of time, USING THE IDENTICAL SOFTWARE, for free.
You got taken. Happens. If your argument is "Hey, I like to get taken and pay for things I can get for free" that's cool. Next time you're at the grocery store slip the sample lady $50, too.
"To me, the enjoyment of that tiny cookie was worth the $50"
kay.
Disclaimer:
To make a long story short, I don't take any responsibility for anything I post here. It's not news, it's not truth, it's not serious. It's parody. It's satire. It's bitter. It's angsty. Your mother's a *****. You like to jack off dogs. That's right, you heard me. You like to grab that dog by the bone and rub it like a ski pole. Your dad? Gay. Your priest? Straight. **** off and let me post. It's not true, it's all in good fun. Now go away.
To make a long story short, I don't take any responsibility for anything I post here. It's not news, it's not truth, it's not serious. It's parody. It's satire. It's bitter. It's angsty. Your mother's a *****. You like to jack off dogs. That's right, you heard me. You like to grab that dog by the bone and rub it like a ski pole. Your dad? Gay. Your priest? Straight. **** off and let me post. It's not true, it's all in good fun. Now go away.
Smasharoo wrote:
If something is wrong with my refund, H&R block will assist me in dealing with the IRS. Now sure, I could file it myself via mail, or choose some other cheaper or even free e-file method, but the convenience and ease of this method is worth the rather nominal cost, to me. Like I said, to each his own.
Read it again, genius.
You could have done all of that with all of those conditions in the same amount of time, USING THE IDENTICAL SOFTWARE, for free.
You got taken. Happens. If your argument is "Hey, I like to get taken and pay for things I can get for free" that's cool. Next time you're at the grocery store slip the sample lady $50, too.
"To me, the enjoyment of that tiny cookie was worth the $50"
kay.
Well it *does* depend on what income bracket he's in. To use the free efile tax cut, for example, you have to be making under $55,000/year (I think) and be under a certain age (55 or something like that). Maybe he's not eligible.
Nexa
“It has always been the prerogative of children and half-wits to point out that the emperor has no clothes. But a half-wit remains a half-wit, and the emperor remains an emperor.â€
― Neil Gaiman, The Sandman, Vol. 9: The Kindly Ones
― Neil Gaiman, The Sandman, Vol. 9: The Kindly Ones
Nexa wrote:
Smasharoo wrote:
If something is wrong with my refund, H&R block will assist me in dealing with the IRS. Now sure, I could file it myself via mail, or choose some other cheaper or even free e-file method, but the convenience and ease of this method is worth the rather nominal cost, to me. Like I said, to each his own.
Read it again, genius.
You could have done all of that with all of those conditions in the same amount of time, USING THE IDENTICAL SOFTWARE, for free.
You got taken. Happens. If your argument is "Hey, I like to get taken and pay for things I can get for free" that's cool. Next time you're at the grocery store slip the sample lady $50, too.
"To me, the enjoyment of that tiny cookie was worth the $50"
kay.
Well it *does* depend on what income bracket he's in. To use the free efile tax cut, for example, you have to be making under $55,000/year (I think) and be under a certain age (55 or something like that). Maybe he's not eligible.
Nexa
H&R Block wrote:
Get simple, FREE federal online tax preparation with TaxCut Free File from H&R Block. You qualify if you:
* Have an adjusted Gross Income (AGI) of $54,000 or less and
* are 50 years of age or younger
* Have an adjusted Gross Income (AGI) of $54,000 or less and
* are 50 years of age or younger
This includes federal tax preparation only, and my gross income is around $70k. so instead, I went with this version, which is the next step up.
Quote:
Start for FREE. Only pay when you're done.($14.95) Get Worry-free Audit Support® included when you e-file.* State program is an additional $29.95.**
start now
* Fast: Quickly imports last year's TaxCut online or software data, TurboTax® software data and H&R Block office data (only available from participating H&R Block offices).
* Easy: Answer simple questions and the program does the rest.
* Accurate: The program automatically double-checks your return for errors and omissions.
* Economic: Everything you need to complete a simple federal tax return at a great low price.
* Supported: Get real audit support from a real person - really. Worry-free Audit Support® included when you e-file. In the event of an audit, receive personal assistance from an IRS-licensed Enrolled Agent with audit representation expertise - not a self-serve Web site or FAQ page.*
start now
* Fast: Quickly imports last year's TaxCut online or software data, TurboTax® software data and H&R Block office data (only available from participating H&R Block offices).
* Easy: Answer simple questions and the program does the rest.
* Accurate: The program automatically double-checks your return for errors and omissions.
* Economic: Everything you need to complete a simple federal tax return at a great low price.
* Supported: Get real audit support from a real person - really. Worry-free Audit Support® included when you e-file. In the event of an audit, receive personal assistance from an IRS-licensed Enrolled Agent with audit representation expertise - not a self-serve Web site or FAQ page.*
So yeah, I paid $14.95 + $29.95 to go ahead and file federal and state all in one shot. Hardly got taken, but I realize that you don't really care, you're just being antagonistic, right?
Edited, Feb 9th 2008 6:18pm by BrownDuck
What happens if you don't file for taxes? Will the money go bye bye? The military is pretty much my first real job and I don't know the process to doing this at all. 
Bringing derailâ„¢ back.
Qui s'estime petit deviendra grand.
Qui s'estime petit deviendra grand.
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