DWB Posted January 16, 2023 Report Share Posted January 16, 2023 When I had my own business, a client of mine had a form of identity theft that many don't realize can happen. Someone filed a tax return using his SS#. When he went to file his own taxes, they were rejected because his identity had already been stolen. It took him the better part of 2 years to get it cleared up, not to mention the countless hours of work and frustration.I came across a great video on how you can prevent this for yourselves. I was unaware that you could even do this (800,000 people had their identities stolen on their tax returns last year alone). I would strongly urge all of you to watch this video and take steps to prevent your identities from being used, or stolen. I went thru the process and obtained mine. Not difficult, just a little tedious. 2 Quote Link to comment Share on other sites More sharing options...
13th&Jackson Posted January 16, 2023 Report Share Posted January 16, 2023 5 minutes ago, DWB said: When I had my own business, a client of mine had a form of identity theft that many don't realize can happen. Someone filed a tax return using his SS#. When he went to file his own taxes, they were rejected because his identity had already been stolen. It took him the better part of 2 years to get it cleared up, not to mention the countless hours of work and frustration.I came across a great video on how you can prevent this for yourselves. I was unaware that you could even do this (800,000 people had their identities stolen on their tax returns last year alone). I would strongly urge all of you to watch this video and take steps to prevent your identities from being used, or stolen. I went thru the process and obtained mine. Not difficult, just a little tedious. Why does this video require my SSN? 2 Quote Link to comment Share on other sites More sharing options...
DWB Posted January 16, 2023 Author Report Share Posted January 16, 2023 The video doesn't require your SS#, but the IRS does when you request the IP PIN thru them. The video is only an instruction type video. You actually have to log onto the IRS website to request the IP PIN. (irs.gov) Quote Link to comment Share on other sites More sharing options...
5fouls Posted January 16, 2023 Report Share Posted January 16, 2023 I'll take volunteers to pay mine this year. Quote Link to comment Share on other sites More sharing options...
DWB Posted January 16, 2023 Author Report Share Posted January 16, 2023 10 hours ago, 5fouls said: I'll take volunteers to pay mine this year. Since alimony is no longer deductable, you might want to get a job driving a Brinks truck... 1 Quote Link to comment Share on other sites More sharing options...
13th&Jackson Posted January 16, 2023 Report Share Posted January 16, 2023 4 3 Quote Link to comment Share on other sites More sharing options...
mrflynn03 Posted February 1, 2023 Report Share Posted February 1, 2023 I'm tempted to quit filing my 1040. I've got my exemptions set to where I owe/they owe near zero. If they keep going on money printing binges like a drunken prostitute we turn into Zimbabwe or the Weimar Republic and it won't matter anyway. They are the ones that want MY money. Let those bastards put in the work if they want it that bad, I'm tired of wasting my time on their paperwork. 1 Quote Link to comment Share on other sites More sharing options...
Coach1K Posted February 19, 2023 Report Share Posted February 19, 2023 Got mine done early. 1 Quote Link to comment Share on other sites More sharing options...
Lostin76 Posted February 19, 2023 Report Share Posted February 19, 2023 I always wait until the last day. They are not getting my money even one day earlier than the deadline. 3 2 Quote Link to comment Share on other sites More sharing options...
DWB Posted February 20, 2023 Author Report Share Posted February 20, 2023 On 2/19/2023 at 8:17 AM, Lostin76 said: I always wait until the last day. They are not getting my money even one day earlier than the deadline. And I ALWAYS make sure I have to pay them a little, and not get a refund, which is just another way of saying "I made them an interest free loan for 18 months". 3 Quote Link to comment Share on other sites More sharing options...
Lostin76 Posted February 21, 2023 Report Share Posted February 21, 2023 15 hours ago, DWB said: And I ALWAYS make sure I have to pay them a little, and not get a refund, which is just another way of saying "I made them an interest free loan for 18 months". This for sure. I always used to love getting a big refund until I realize I was just overpaying them and floating them a loan. Now we usually owe quite a bit, so they can wait. Quote Link to comment Share on other sites More sharing options...
Naturalhoosier Posted February 21, 2023 Report Share Posted February 21, 2023 It’s a game I play every year. After I complete my tax returns, I adjust my current p/r withholdings (Fed and State) based on anticipated income changes to try to owe/receive as little as possible. I tend to owe one and receive from the other which results in a wash. I’m satisfied with that. Quote Link to comment Share on other sites More sharing options...
Seeking6 Posted February 21, 2023 Report Share Posted February 21, 2023 21 hours ago, DWB said: And I ALWAYS make sure I have to pay them a little, and not get a refund, which is just another way of saying "I made them an interest free loan for 18 months". Same. Early on when I started my business I always paid extra on quarterlies just to hit the pillow each night with a clear head. Took me about 2 trips around the sun to say screw this. Found a narrow window where I could pay quarterlies combined with deductions, payroll,etc....that met perfectly if I was having a typical year. 2020 was a fun year for taxes. Dear IRS. I made nothing. Thank you Covid. Quote Link to comment Share on other sites More sharing options...
Drroogh Posted February 21, 2023 Report Share Posted February 21, 2023 I’ve only used a tax service a couple of times in my life, but think after two life change events last year I may need help. Have some work income but mostly SS since I retired, also relocated to a different state. Just preliminarily I doubt I would even have to do my taxes but the relocation complicates things. Quote Link to comment Share on other sites More sharing options...
DWB Posted February 21, 2023 Author Report Share Posted February 21, 2023 On 2/19/2023 at 8:17 AM, Lostin76 said: I always wait until the last day. They are not getting my money even one day earlier than the deadline. You should get you one of those T-shirts that says: "Don't rush me....I'm waiting for the last minute". Quote Link to comment Share on other sites More sharing options...
Lostin76 Posted February 21, 2023 Report Share Posted February 21, 2023 43 minutes ago, DWB said: You should get you one of those T-shirts that says: "Don't rush me....I'm waiting for the last minute". My wife would agree with you. Quote Link to comment Share on other sites More sharing options...
HoosierFaithful Posted February 22, 2023 Report Share Posted February 22, 2023 I'm a small business owner so I can't do my own taxes any longer and need an accountant to do it for me - which is sad, because I am a nerd and I always loved doing my taxes. We have some paperwork issues we have to sort out with IRS, which in years past was always ridiculously painful, but I remember reading a stray headline that wait times were drastically down. Here's to hoping... 1 Quote Link to comment Share on other sites More sharing options...
HoosierFaithful Posted February 22, 2023 Report Share Posted February 22, 2023 3 Quote Link to comment Share on other sites More sharing options...
Lostin76 Posted February 22, 2023 Report Share Posted February 22, 2023 5 minutes ago, HoosierFaithful said: I think that they are so understaffed these days that you could send them a Bazooka Joe comic and they would be cool. In the meantime, NY State will be pulverizing me for missing three cents on a state return. Quote Link to comment Share on other sites More sharing options...
DWB Posted February 23, 2023 Author Report Share Posted February 23, 2023 On 2/21/2023 at 7:30 PM, HoosierFaithful said: I'm a small business owner so I can't do my own taxes any longer and need an accountant to do it for me - which is sad, because I am a nerd and I always loved doing my taxes. We have some paperwork issues we have to sort out with IRS, which in years past was always ridiculously painful, but I remember reading a stray headline that wait times were drastically down. Here's to hoping... "Forever" divided by 2, is still Forever. Quote Link to comment Share on other sites More sharing options...
HoosierFaithful Posted February 23, 2023 Report Share Posted February 23, 2023 https://www.washingtonexaminer.com/policy/economy/irs-processing-returns-faster-refunds-down Quote Link to comment Share on other sites More sharing options...
Drroogh Posted April 4, 2023 Report Share Posted April 4, 2023 Well crap, now that I’m retired I fall into the category of not having to pay taxes!! I hate being associated with the people that don’t pay taxes but are more than happy to vote for more handouts!😫 1 Quote Link to comment Share on other sites More sharing options...
mrflynn03 Posted April 8, 2023 Report Share Posted April 8, 2023 On 4/4/2023 at 11:45 AM, Drroogh said: Well crap, now that I’m retired I fall into the category of not having to pay taxes!! I hate being associated with the people that don’t pay taxes but are more than happy to vote for more handouts!😫 Look at it this way. You paid SSI and Medicare tax to pay for the freeloaders before you. Now it's your turn. Suckle away without shame🤑 1 1 Quote Link to comment Share on other sites More sharing options...
mrflynn03 Posted April 8, 2023 Report Share Posted April 8, 2023 I hope everyone here leaves the use tax section blank if they have one. Quote Link to comment Share on other sites More sharing options...
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