Already Filed Your Taxes? And received Unemployment?

[Buster]

Could be an extra 2k for you....So you better call somebody...Bill goes back to House,but there should be no resistance...

Although unemployment benefits are taxable, the new law would make the first $10,200 of benefits tax-free for people with income less than $150,000. This applies to 2020 only.

 

[Willie99]

tell me about it

just fucking shoot me already

 

[Buster]

tell me about it

just fucking shoot me already

Will you be doing it for free,or charging a small or large fee?

 

[kidman232]

i owed a bit, so i havent filed yet. but i paid taxes on the 8600 i got on unemployment while my casino was closed.

 

[skoda]

Willie the TaxGuru...... Take a shot with UK going all the way.....

1st I saw anything unaware of an additional 2K did mine on Turbo past few years not sent yet put some info on receiving this credit will tell me if I am eligible? Thanks

1 got 4566 UC with 4400 of the extra $600 a week, paid tax on before receiving. Didn't see anything on the extra 2K when I plugged numbers in with Turbo?

 

[skoda]

Thinking about this maybe it means if you paid tax before receiving maybe we'll get the tax paid back... 10% the vig the government call da tax :toast:

 

[Buster]

Thinking about this maybe it means if you paid tax before receiving maybe we'll get the tax paid back... 10% the vig the government call da tax :toast:

Correct I think,however if you were self employed and paid nothing in other than letting them withhold UE it just goes as a credit on what you owe....That is the boat I am in...

 

[Knightrofins]

I wonder when Biden signs off on this and also wonder when the tax software will update all of this?

april 14??

 

[Willie99]

Will you be doing it for free,or charging a small or large fee?

Nominal fee, won't be able to amend anything until like August, or whenever the IRS starts accepting amendments electronically

If someone doesn't save much, I'll charge less. Deep down inside, I actually a bleeding heart

Could potentially help people get bigger stimulus checks by keeping their AGI down

 

[Willie99]

I wonder when Biden signs off on this and also wonder when the tax software will update all of this?

april 14??

Who the fuck knows. Although this means they have to extend tax season. Which is critical, since all the new PPP applications have to be done this month

I'm so fucked, it's not funny. And I'm that guy who can deal with anything. There's just not enough time, and / or I start getting tired and that's not good

Plus UCONN is going deep this year, so I'm fucked

 

[cy1981]

Who the fuck knows. Although this means they have to extend tax season. Which is critical, since all the new PPP applications have to be done this month

I'm so fucked, it's not funny. And I'm that guy who can deal with anything. There's just not enough time, and / or I start getting tired and that's not good

Plus UCONN is going deep this year, so I'm fucked

I feel for you man. You guys have been through hell. I gave my tax man a couple c-notes on top of what his firm charged me this year. Being an honest tax accountant I am sure he will report that as income.

 

[Knightrofins]

Who the fuck knows. Although this means they have to extend tax season. Which is critical, since all the new PPP applications have to be done this month

I'm so fucked, it's not funny. And I'm that guy who can deal with anything. There's just not enough time, and / or I start getting tired and that's not good

Plus UCONN is going deep this year, so I'm fucked

why is PPP applications due this month?

Just do 24 weeks of payroll instead of 8 and applications are due 10 months after that period.

you got time on the PPP loan

 

[Willie99]

March 31st is the due date for PPP second draft applications. They've also reopened first draft applications AND they've made more money available to self-employed individuals

It's all changing on the fly

 

[Buster]

Nominal fee, won't be able to amend anything until like August, or whenever the IRS starts accepting amendments electronically

If someone doesn't save much, I'll charge less. Deep down inside, I actually a bleeding heart

Could potentially help people get bigger stimulus checks by keeping their AGI down

Thanks...I just wondered if people should expect to pay for another filing...Thankfully I have not filed yet...But to those that have could be a semi-windfall of free money...I am of the thought that these fuckers voted for this shit and let them lay in their own shit...I will not have to pay for it down the road,as I have no children etc...So fuck them....

 

[StreetSmart2019]

This will slow down and screw up the IRS even more so than now. Why wait till March 14th to do all this? Should've been done immediately when sworn in for tax purposes only. People would've waited to do their taxes. Many have already filed now they have to file again? Could've done this earlier and the extra unemployment start March 14th. Good luck to the IRS on this one if it passes and looks like it will. What will the services do that do your taxes, charge you another fee to get your money back?

 

[skoda]

This will slow down and screw up the IRS even more so than now. Why wait till March 14th to do all this? Should've been done immediately when sworn in for tax purposes only. People would've waited to do their taxes. Many have already filed now they have to file again? Could've done this earlier and the extra unemployment start March 14th. Good luck to the IRS on this one if it passes and looks like it will. What will the services do that do your taxes, charge you another fee to get your money back?

i think being that if the IRS has your taxes they should/could make adjustment. Thought the IRS was on vacation....

 

[Willie99]

Willie the TaxGuru...... Take a shot with UK going all the way.....

1st I saw anything unaware of an additional 2K did mine on Turbo past few years not sent yet put some info on receiving this credit will tell me if I am eligible? Thanks

1 got 4566 UC with 4400 of the extra $600 a week, paid tax on before receiving. Didn't see anything on the extra 2K when I plugged numbers in with Turbo?

Software probably not updated yet. Biden hasn't even signed it. Think the House passes the Senate version on Tuesday, Biden signs it this week, Software companies take another week or two to implement changes

 

[Willie99]

This will slow down and screw up the IRS even more so than now. Why wait till March 14th to do all this? Should've been done immediately when sworn in for tax purposes only. People would've waited to do their taxes. Many have already filed now they have to file again? Could've done this earlier and the extra unemployment start March 14th. Good luck to the IRS on this one if it passes and looks like it will. What will the services do that do your taxes, charge you another fee to get your money back?

I sell time, there will be a fee, but I'm a reasonable man

 

[skoda]

Software probably not updated yet. Biden hasn't even signed it. Think the House passes the Senate version on Tuesday, Biden signs it this week, Software companies take another week or two to implement changes

Thanks.. I'll wait I owe

 

[Buster]

Bill passed...Saved me almost 2k..Let these fuckers die in their rot...