So I guess the IRS is accepting returns early...

iBreatheApple · Jan 25, 2013, 04:59 AM

This may be good news to some of you... not that it's 'early' when they were actually supposed to start on the 22nd, but still. Here's to overpaying and getting some back!

jessica. · 05:53 AM

Edit. I see what you're saying now but my returns were accepted this early before. I double checked.

JoshMKB24 · Jan 25, 2013, 08:18 AM

Technically they'll be accepted anytime after the 2nd since the 1st is a holiday......just no company/organization would send out W2s/1099s/etc that early?

Prototypical · Jan 25, 2013, 11:54 AM

Quote:

Originally Posted by JoshMKB24

Technically they'll be accepted anytime after the 2nd since the 1st is a holiday......just no company/organization would send out W2s/1099s/etc that early?

Yep, I believe employers are only required to send them by the end of January.

Aspasia · Jan 25, 2013, 12:53 PM

Quote:

Here's to overpaying and getting some back!

Overpaying not really a wise thing to do financially.

You're giving your money to the government for a year and getting no return when they have it give it back.

iBreatheApple · Jan 25, 2013, 02:39 PM

Quote:

Originally Posted by Aspasia

Overpaying not really a wise thing to do financially.

You're giving your money to the government for a year and getting no return when they have it give it back.

Still works out for the best for me personally. It's a forced savings. Sure, I could throw the extra couple thousand in the bank to accrue (pathetic) interest but I wouldn't.

JoshMKB24 · Jan 25, 2013, 03:21 PM

Quote:

Originally Posted by Aspasia

Overpaying not really a wise thing to do financially.

You're giving your money to the government for a year and getting no return when they have it give it back.

Well for someone like me in sales, its unavoidable. Since you are paid bonuses or commission they tax you like you are going to make that every week just so you don't end up having to pay any in.

Also, in theory its bad, because you are giving the govt a free loan and you could be investing the money yourself. I would venture to say 99% of people don't end up doing that. I work in finance and even I don't think I'd do that!

samiwas · Jan 25, 2013, 05:03 PM

Quote:

Originally Posted by Prototypical

Yep, I believe employers are only required to send them by the end of January.

I don't think a year has gone by where I haven't had to chase after an employer for a W2 or 1099 (I'm a freelancer). Every damn year.

Quote:

Originally Posted by Aspasia

Overpaying not really a wise thing to do financially.

You're giving your money to the government for a year and getting no return when they have it give it back.

I know!! I could have made like $4.66 in interest with that money!

maflynn · Jan 25, 2013, 05:30 PM

The only risk is that you used software that is not based on finalized tax tables. I'll do my tax returns soon but I prefer to make sure my tax software is all set.

iBreatheApple · Jan 25, 2013, 07:33 PM

Quote:

Originally Posted by maflynn

The only risk is that you used software that is not based on finalized tax tables. I'll do my tax returns soon but I prefer to make sure my tax software is all set.

What do you mean? I'm no tax expert but my corporation allows us to log on the intranet and look at pay stubs, accrued paid days off, year-to-date income, tax withholding, etc. This is the same info that I'll receive on my W2, nothing will change so I see no harm.

djjclark · Jan 25, 2013, 11:18 PM

Quote:

Originally Posted by iBreatheApple

What do you mean? I'm no tax expert but my corporation allows us to log on the intranet and look at pay stubs, accrued paid days off, year-to-date income, tax withholding, etc. This is the same info that I'll receive on my W2, nothing will change so I see no harm.

He is talking about the preparation software you used. Lots of things changed at the end of the year and might have not made it in to the software yet. Some forms don't get updated for a couple months.

JoshMKB24 · Jan 26, 2013, 11:30 AM

Mine are done now too!

ravenvii · Jan 26, 2013, 11:57 AM

Lucky. I have plenty of time this weekend, but FreeFile won't be up 'til the 30th. Pfft.

puma1552 · Jan 26, 2013, 12:21 PM

I am still waiting on 1099s and I'm pretty sure the state turbo tax doesnt show up until sometime in february, so no sense in doing it til i can do it all at once...just got my w2 yesterday

JoshMKB24 · Jan 26, 2013, 12:23 PM

Quote:

Originally Posted by puma1552

I am still waiting on 1099s and I'm pretty sure the state turbo tax doesnt show up until sometime in february, so no sense in doing it til i can do it all at once...just got my w2 yesterday

I use turbotax and claimed income in 2 states and finished mine. Anytime after Jan. 1st you can do your taxes as long as you have all your docs

puma1552 · Jan 26, 2013, 01:12 PM

Quote:

Originally Posted by JoshMKB24

I use turbotax and claimed income in 2 states and finished mine. Anytime after Jan. 1st you can do your taxes as long as you have all your docs

Dont the state downloads come later though? its been a few years since ive used turbo tax since i was out of the country where i couldnt get it and my returns were too complicated so i just did them old school by hand, but im going to get TT this year since i have a simple return again finally. I remember the state downloads always coming later on in february, and the availability varied by state, that seems to have changed?

JoshMKB24 · Jan 26, 2013, 01:16 PM

Quote:

Originally Posted by puma1552

Dont the state downloads come later though? its been a few years since ive used turbo tax since i was out of the country where i couldnt get it and my returns were too complicated so i just did them old school by hand, but im going to get TT this year since i have a simple return again finally. I remember the state downloads always coming later on in february, and the availability varied by state, that seems to have changed?

I've used Turbotax since like 07 I think? I've always done them right away. As it stands I had income from 2 states and real estate in 2 states as well and I've always done mine right away. It just comes down to when you get all your forms in the mail or available online.

maflynn · Jan 26, 2013, 04:16 PM

Quote:

Originally Posted by iBreatheApple

What do you mean? I'm no tax expert but my corporation allows us to log on the intranet and look at pay stubs, accrued paid days off, year-to-date income, tax withholding, etc. This is the same info that I'll receive on my W2, nothing will change so I see no harm.

Quote:

Originally Posted by djjclark

He is talking about the preparation software you used. Lots of things changed at the end of the year and might have not made it in to the software yet. Some forms don't get updated for a couple months.

In fact I had an update waiting for me on my turbotax the other day. I'm almost done getting my financial ducks in a row (waiting on some various 1099s from banks and what not) but it just shows that software seems to be in flux.

yg17 · Jan 26, 2013, 04:21 PM

I filed mine with H&R Block's software last night. My taxes are pretty straightforward so the latest update was enough for me.

They don't have Missouri ready, but MO has a fillable 1040 PDF on their website that's dead simple to use so I did that one by hand. H&R charges to e-file state, so I'd be printing and mailing it in anyways. 45 cents for a stamp versus $20 bucks for e-file. Easy choice. H&R Block can take their $20 e-file charge and shove it.

I kinda regret paying for the H&R Block software all these years though, I checked out TaxAct and I meet all the requirements for free prep and federal e-file.

iBreatheApple · Jan 26, 2013, 09:49 PM

Lucky for me, we file no state taxes in FL.

Jan 25, 2013, 04:59 AM	#1
iBreatheApple macrumors 65816 Join Date: Sep 2011 Location: Florida	So I guess the IRS is accepting returns early... This may be good news to some of you... not that it's 'early' when they were actually supposed to start on the 22nd, but still. Here's to overpaying and getting some back! Attached Thumbnails __________________ Steven Jobs was nothing less than brilliant. His vision to change the world was genuinely inspiring.
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Jan 25, 2013, 05:20 AM	#2
jessica. macrumors Nehalem Join Date: Feb 2005 Location: Wrong girl from the right side of the tracks	So I guess the IRS is accepting returns early... Edit. I see what you're saying now but my returns were accepted this early before. I double checked. __________________ Because I'm an ahole. Last edited by jessica.; Jan 25, 2013 at 05:53 AM.
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Jan 25, 2013, 08:18 AM	#3
JoshMKB24 macrumors 6502 Join Date: Jan 2013 Location: Midwest	Technically they'll be accepted anytime after the 2nd since the 1st is a holiday......just no company/organization would send out W2s/1099s/etc that early? __________________ 2012/13 27" iMac, 11" MacBook Air, iPhone 5, iPad Mini, Apple TV
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Jan 25, 2013, 05:30 PM	#9
maflynn Demi-God (Moderator) Join Date: May 2009 Location: Boston	The only risk is that you used software that is not based on finalized tax tables. I'll do my tax returns soon but I prefer to make sure my tax software is all set. __________________ I know that I know nothing ~ Socrates
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Jan 26, 2013, 11:30 AM	#12
JoshMKB24 macrumors 6502 Join Date: Jan 2013 Location: Midwest	Mine are done now too! __________________ 2012/13 27" iMac, 11" MacBook Air, iPhone 5, iPad Mini, Apple TV
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Jan 26, 2013, 11:57 AM	#13
ravenvii macrumors 603 Join Date: Mar 2004 Location: Melenkurion Skyweir	Lucky. I have plenty of time this weekend, but FreeFile won't be up 'til the 30th. Pfft. __________________ 01011001 01101111 01110101 00100000 01110011 01110000 01101111 01101111 01101110 01111001 00100000 01100010 01100001 01110010 01100100 00100001
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Jan 26, 2013, 12:21 PM	#14
puma1552 macrumors 68020 Join Date: Nov 2008	I am still waiting on 1099s and I'm pretty sure the state turbo tax doesnt show up until sometime in february, so no sense in doing it til i can do it all at once...just got my w2 yesterday
	0

Jan 26, 2013, 04:21 PM	#19
yg17 macrumors G5 Join Date: Aug 2004 Location: St. Louis, MO	I filed mine with H&R Block's software last night. My taxes are pretty straightforward so the latest update was enough for me. They don't have Missouri ready, but MO has a fillable 1040 PDF on their website that's dead simple to use so I did that one by hand. H&R charges to e-file state, so I'd be printing and mailing it in anyways. 45 cents for a stamp versus $20 bucks for e-file. Easy choice. H&R Block can take their $20 e-file charge and shove it. I kinda regret paying for the H&R Block software all these years though, I checked out TaxAct and I meet all the requirements for free prep and federal e-file. __________________ Barack Obama is not a foreign born, brown skinned, anti-war socialist who gives away healthcare. You're thinking of Jesus.
	0

Jan 26, 2013, 09:49 PM	#20
iBreatheApple Thread Starter macrumors 65816 Join Date: Sep 2011 Location: Florida	Lucky for me, we file no state taxes in FL. __________________ Steven Jobs was nothing less than brilliant. His vision to change the world was genuinely inspiring.
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