Where the hell is my Fed return? I got my state a few days after e-filing. According to the Fed website I'm scheduled to get it March 2nd. ARgghghhhghghhahha
Where the hell is my Fed return? I got my state a few days after e-filing. According to the Fed website I'm scheduled to get it March 2nd. ARgghghhhghghhahha
Quick question my girlfriend got her W-2 with the wrong name. Can she still file taxes? She's contacted her employer and the payroll department forwarded to their 'people' (ADP) and they sent he an email saying they will not be re-doing W-2's
Thanks guys!
Anyone else's return stuck under reference code 1301? Returned accepted on 02/04 and I was expecting a direct deposit on 02/16. Thanks.
The employer payroll and/or ADP should reissue a corrected W2.
Let her advise the employer and ADP that she will be filing the incorrect W2 and attaching a copy of the email response with her return for the IRS to review.
She will not be able to efile - but, she needs to cover her ass.
And possibly the threat of alerting the IRS may light a fire under the proper people to get the correct W2.
That was the code I got for months, but doesn't mean much. I read somewhere there were delays in processing first time homebuyer credits and that was the reason for quite a few 1301's.
If I lived in an apartment that I then had to vacate and throw away most of my possessions, do I need to report the $2000 that I got from renter's insurance as income anywhere? I hope not, cause it only covered part of what I had to toss....
Also, I had to stay at a motel for over a week while they figured out my apartment (my health had deteriorated cause of the mold and couldnt live there). Can I deduct any amount of my total paid for lodging?
Thanks so much!
If I lived in an apartment that I then had to vacate and throw away most of my possessions, do I need to report the $2000 that I got from renter's insurance as income anywhere? I hope not, cause it only covered part of what I had to toss....
Also, I had to stay at a motel for over a week while they figured out my apartment (my health had deteriorated cause of the mold and couldnt live there). Can I deduct any amount of my total paid for lodging?
Thanks so much!
There is a worksheet for casualty and loss. Chances are $2000 wouldn't be enough....I am curious why in a mold mediation you had to trash everything inside the dwelling.
Top Ten Tips for Taxpayers Deducting Casualty and Theft Losses
IRS Summertime Tax Tip 2009-17
Taxpayers who find themselves the victim of a natural disaster or theft this summer should know the rules for deducting their casualty losses next year when they file their federal tax return. Generally, you may deduct losses to your home, household items and vehicles on your federal income tax return.
Here are ten things the IRS wants you to know about deducting casualty or theft losses.
- 1. You may not deduct casualty and theft losses covered by insurance unless you file a timely claim for reimbursement. You must reduce your loss by the amount of the reimbursement.
- 2. A casualty does not include normal wear and tear or progressive deterioration from age or termite damage.
- 3. The damage must be caused by a sudden, unexpected or unusual event like a car accident, fire, earthquake, flood or vandalism.
- 4. If your property is not completely destroyed or if it is personal-use property, the amount of your casualty or theft loss is the lesser of the adjusted basis of your property, or the decrease in fair market value of your property as a result of the casualty or theft, reduced by any insurance or other reimbursement you receive or expect to receive.
- 5. If business or income-producing property, such as rental property, is completely destroyed, the amount of your loss is your adjusted basis in the property minus any salvage value, and minus any insurance or other reimbursement you receive or expect to receive.
- 6. To claim a casualty or theft loss, you must complete Form 4684, Casualties and Thefts, and attach it to your return. Generally, you may claim casualty or theft loss of personal use property only if you itemize deductions on Form 1040, Schedule A. However, you can deduct a 2008 or 2009 net disaster loss from a federally-declared disaster even if you do not itemize your deductions.
- 7. If the property was held by you for personal use, you must further reduce your loss by $100. This $100 reduction for losses of personal-use property applies to each casualty or theft event that occurred during the year other than 2009. For 2009, individuals must reduce their casualty and theft losses for personal-use property by $500 instead of $100. This $500 reduction for losses of personal-use property applies to each casualty or theft event.
- 8. The total of all your casualty and theft losses of personal-use property usually must be further reduced by 10 percent of your adjusted gross income. The 10 percent AGI limitation does not apply to net disaster losses resulting from federally declared disasters in 2008 and 2009.
- 9. In figuring your loss, do not consider the loss of future profits or income due to the casualty.
- 10. Casualty losses are normally deductible only in the year the casualty occurred. But if you have a deductible loss from a federally declared disaster you can choose to deduct that loss on your tax return for the previous year. If you have already filed your return for the preceding year, you can claim the loss on the previous year tax return by filing an amended return.
For more information about casualty and theft losses and the special rules for net disaster losses see Publication 547, Casualties, Disasters and Thefts available on the IRS.gov Web site or by calling 800-TAX-FORM (800-829-3676).
So if I am reading your post correctly, it took months for you to get your refund?
This is a 2010 tax question, but figured this would be the best place to ask. My fiance and I both own condos. We are in the process of selling mine and buying a house before April 30th. If we do this, would we be eligible for the $6500 tax credit? The full amount or 50%. Would it matter if my condo was sold before/after we got married?
You are eligible for the full amount (depending on your income level) if you meet the length of time in the existing place.
If married, the income level increases.
You will have to include her income if married.
The income level will be based on your martial status on 31 Dec
I filed in October for the tax year 2008...my check is finally going to be sent next month.
It took a request for assistance from the Taxpayer Advocate Service a couple weeks ago for them to finally process it.
Since its only been a few weeks for you tho, you probably need to wait a few more before calling them. Mine was probably just an extreme case.
.........cost basis ..sale price ..profit(loss)
2009 918.00 ..1,023.06 ...105.06 ..Long term
2010 1,050.00 ..1,060.28 ...10.28 ..Short term
The amount you purchased the items for along with any fees and commissions for purchase and sale..........cost basis ..sale price ..profit(loss)
2009 918.00 ..1,023.06 ...105.06 ..Long term
2010 1,050.00 ..1,060.28 ...10.28 ..Short term
How do you determine the cost basis?
AFAIK whatever was transferred from the old account is not counted, but any matching/new funds that exceed the threshold you are allowed could be.
You need to count the original funds as a direct rollover and the other as new contributions. Your company may have just bundled it all into one to save them effort. I'd report it as it actually went in...much like not getting a 1099 you should have.
This should be quite simple. Just wanted to run through it and make sure I'm not missing anything really obvious--numbers are all roughly speaking.
I'm 27, a full-time student pursuing my first degree, and living on my own. I didn't work in 2009.
My only income is from scholarships/grants totaling ~22k. My tuition/fees/required materials paid in 2009 is ~12k, leaving ~10k in taxable scholarship/grant funds. Cannot claim any educational credits because my tuition was paid with non-taxable scholarship/grant money. After standard deduction (single) and personal exemption, remaining taxable income is ~1k and tax owed is ~100.
Does that look right?
This should be quite simple. Just wanted to run through it and make sure I'm not missing anything really obvious--numbers are all roughly speaking.
I'm 27, a full-time student pursuing my first degree, and living on my own. I didn't work in 2009.
My only income is from scholarships/grants totaling ~22k. My tuition/fees/required materials paid in 2009 is ~12k, leaving ~10k in taxable scholarship/grant funds. Cannot claim any educational credits because my tuition was paid with non-taxable scholarship/grant money. After standard deduction (single) and personal exemption, remaining taxable income is ~1k and tax owed is ~100.
Does that look right?