Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
View Poll Results: When do you file your taxes?
I usually file in February 65 50.39%
March 29 22.48%
April 23 17.83%
May-september 5 3.88%
October or later 7 5.43%
Voters: 129. You may not vote on this poll

Reply Start New Thread
 
Old 02-07-2021, 10:33 AM
 
13,011 posts, read 13,054,665 times
Reputation: 21914

Advertisements

Just for amusement, when do you typically file your taxes?

My taxes are more complex than allowed under the EZ forms, but not much more so. I have a W-2, issue a few 1099s, include Schedule C, gather the documentation required for appropriate business deductions. I limit my investing to 401K, IRA and similar. I was able to get everything together early this year.

I usually do it very early in the tax season. This year I have already filed, although the IRS will be sitting on them until they officially start accepting them February 12.
Reply With Quote Quick reply to this message

 
Old 02-07-2021, 10:46 AM
 
37,626 posts, read 46,026,601 times
Reputation: 57241
Normally, February. This year will be different as we sold my parents house and we also have to get their final return done, so we are paying a pro to do all of our returns this year. We'll have to send all the stuff and all that will take time. And of course we will all owe money so we'll wait as late as we can.
Reply With Quote Quick reply to this message
 
Old 02-07-2021, 11:31 AM
 
8,181 posts, read 2,795,627 times
Reputation: 6016
When I'm owed, as soon as possible. If I owe, I sit on it until the end of business on April 15th.
Reply With Quote Quick reply to this message
 
Old 02-07-2021, 11:50 AM
 
26,194 posts, read 21,601,431 times
Reputation: 22772
Quote:
Originally Posted by albert648 View Post
When I'm owed, as soon as possible. If I owe, I sit on it until the end of business on April 15th.
This is misguided thinking. Folks should file as soon as possible and if you owe it’s not due until April 15th. Delaying your filing only increases the exposure/time that someone could file a fraudulent return on your behalf. If you file first theirs gets rejected and vice versa
Reply With Quote Quick reply to this message
 
Old 02-07-2021, 11:56 AM
 
Location: Sierra Vista, AZ
17,531 posts, read 24,706,964 times
Reputation: 9980
Normally they owe me, what they have deducted. I file as soon as possible. The usually have some Ricky dink correction which I agree to and take what they offer. That way if there is a problem I did not figure my taxes, they did.
Reply With Quote Quick reply to this message
 
Old 02-07-2021, 12:10 PM
 
Location: 5,400 feet
4,867 posts, read 4,809,545 times
Reputation: 7957
It's mid-late February before the 1099s come in. I prepare a draft and then wait a few weeks for any corrections to come in. I usually mail the returns mid-late March.
Reply With Quote Quick reply to this message
 
Old 02-07-2021, 12:25 PM
 
13,011 posts, read 13,054,665 times
Reputation: 21914
Quote:
Originally Posted by Lowexpectations View Post
This is misguided thinking. Folks should file as soon as possible and if you owe it’s not due until April 15th. Delaying your filing only increases the exposure/time that someone could file a fraudulent return on your behalf. If you file first theirs gets rejected and vice versa
The identity theft component is partly why I file early. I just don't want to go through the hassle.

If I owe, I pay immediately. I typically get a return, or owe, less than $1000, so that falls within the amount of money I keep in my checking account. No need to delay payment, as I am not earning interest on the money anyway, and even if I was, it would be a miniscule amount.
Reply With Quote Quick reply to this message
 
Old 02-07-2021, 12:53 PM
 
1,115 posts, read 1,468,767 times
Reputation: 1687
Immediately and schedule what I owe for the first week in April. Usually owe around 1k a year. Right where I want it to be.
Reply With Quote Quick reply to this message
 
Old 02-07-2021, 12:54 PM
 
5,907 posts, read 4,434,948 times
Reputation: 13447
I’ve owed 2 or 3k the last few years every time for federal so I look at it and file in February or March and then schedule my payment for April. I always have a refund for state and city so I want to file to get those first.

My income situation has kind of spiked all around with changes, so I’ve at least put in the safe harbor to avoid penalties.
Reply With Quote Quick reply to this message
 
Old 02-07-2021, 01:56 PM
 
6,706 posts, read 5,941,631 times
Reputation: 17075
Normally I get on it in early February, as soon as I've got all the tax forms.

This year, my tax guy couldn't come until March. His employer got sold and the new company doesn't need him -- so unfortunately I'll have to find someone new for next year, unless he starts his own business.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics

All times are GMT -6. The time now is 04:11 PM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top