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#369056 - 03/08/12 10:44 AM Tax Season
nickbuol Offline
axiomite

Registered: 09/16/04
Posts: 5325
Loc: Marion, IA
So it is that time of year in the US. Time for the government to square up on taxes.

I filed my Federal and State taxes last night via the electronic method (TurboTax does Fed for free, but I paid the $19.95 to get my states done electronically too). This is around 7:00 pm that I am done filing. I think that all is good. I mean, I've used TurboTax now since 1998, so I've been around this block a few times.

Anyway, around 2:40 am (no, I wasn't awake) I received two emails. One that my Federal return was rejected, and the other that the state return was rejected. WTH?!!?!

The error is something like "Either you or your spouse has been claimed as a dependent on someone else's return." for the Federal. State rejected it because the Feds rejected it.

What? I am thinking identity theft, fraud, something horrible.

What do I find out after a bit of searching? That message is actually more generic than it is written. Yes, it deals with dependents, but no, it doesn't always mean me or my spouse.

Here is what I found out. My daughter wanted to do her own taxes this year (she had a job that she made enough that she needed to file, and the government took taxes, so she wanted to see what she got back.

I walked her through the steps (yes, that means that this is MY fault) of how to do it. I mean, she just had work income and no deductions. In the simplicity of it, I missed a check-box that stated something like "I will be claimed on someone else's return as a dependent." Missing that box means that even though my tax return is accurate, I can't file it without a bunch of review because HER return is wrong and SHE isn't flagged (not my wife or I) to be a dependent on someone else's return.

So, I have two options. 1) Take her off of our return... I tried this, and watched the numbers spin down about a total of $750 between Federal and State. Ouch. 2) Print and mail my taxes in and let the IRS sort it out.

Ugh. The lesser of two evils for sure. So I am going to print and mail them today. So much for a fast return. Not only will there be delays via mail, but now the whole thing will get an extra review. Oh, and I can't get my $19.95 back from TurboTax either.

EDIT: Crap. I just remembered that filing a paper version means that I need to get my wife's signature on them. Dang it. I guess I will be mailing them out tomorrow.
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#369059 - 03/08/12 11:10 AM Re: Tax Season [Re: nickbuol]
cb919 Offline
connoisseur

Registered: 02/17/09
Posts: 1166
Loc: Ottawa, Canada
Well, that's a PITA. At least you can fill everything in with Turbotax and just print and sign. I remember early days of filling in the forms by hand. I also use Turbotax and file electronically. So far so good (last 5 years), but my kids are not making any money yet!
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#369061 - 03/08/12 11:17 AM Re: Tax Season [Re: nickbuol]
MarkSJohnson Offline
shareholder in the making

Registered: 09/27/04
Posts: 11437
Loc: Central NH
If they're out of diapers, you should have them working and contributing to the household!
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#369062 - 03/08/12 11:20 AM Re: Tax Season [Re: MarkSJohnson]
cb919 Offline
connoisseur

Registered: 02/17/09
Posts: 1166
Loc: Ottawa, Canada
That's why I had kids in the first place. For some reason my wife does not agree with this philosophy. grin
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#369090 - 03/08/12 05:08 PM Re: Tax Season [Re: nickbuol]
dakkon Offline
connoisseur

Registered: 02/08/04
Posts: 1863
I am not wanting to file taxes, as i am almost certain that i am going to owe a considerable amount of money...... Why do now, what you can put off until at least April 15th.......

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#369091 - 03/08/12 05:12 PM Re: Tax Season [Re: nickbuol]
nickbuol Offline
axiomite

Registered: 09/16/04
Posts: 5325
Loc: Marion, IA
April 15th? Isn't it April 17th this year? Even more time to put it off!
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#369098 - 03/08/12 06:00 PM Re: Tax Season [Re: nickbuol]
SirQuack Offline
shareholder in the making

Registered: 01/29/04
Posts: 13571
Loc: Iowa
not sure how you got your TurboTax that cheap? We did their online version, had to do deluxe since we have tons of itemized deductions. I think it was almost $60 to elecgtronically file Fed and Iowa. I used to use Taxcut all the time, but found Turbo much user friendly to follow.
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#369115 - 03/08/12 08:35 PM Re: Tax Season [Re: nickbuol]
dakkon Offline
connoisseur

Registered: 02/08/04
Posts: 1863
Originally Posted By: nickbuol
April 15th? Isn't it April 17th this year? Even more time to put it off!


Not sure, but you can always file an extension!!.....

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#369125 - 03/08/12 09:06 PM Re: Tax Season [Re: SirQuack]
pmbuko Offline
shareholder in the making

Registered: 04/02/03
Posts: 16437
Loc: Ben Lomond, California
I've been doing the online version for three years now. Since my wife has a home business (which is on hiatus and made no income last year), we've been doing the Home & Business edition. We get it at a slight discount via Vanguard where I have one of my 403b retirement accounts.
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#369130 - 03/08/12 09:42 PM Re: Tax Season [Re: nickbuol]
nickbuol Offline
axiomite

Registered: 09/16/04
Posts: 5325
Loc: Marion, IA
When I bought TurboTax Deluxe it said that it came with free Federal filing. Of course, I still had to pay for the software...
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