2022 Tax Return Information

[Marine Corps Air]

I am surprised that there have not been any posts already on this subject. I received an e-mail from WSB in Atlanta yesterday:

IRS tells millions to hold off on filing income tax returns – WSB-TV Channel 2 - Atlanta

"For taxpayers uncertain about the taxability of their state payments, the IRS recommends they wait until additional guidance is available or consult with a reputable tax professional. For taxpayers and tax preparers with questions, the best course of action is to wait for additional clarification on state payments rather than calling the IRS. We also do not recommend amending a previously filed 2022 return."

There are nineteen states that made payments to their citizens:

"The 19 states that issued state stimulus and rebate checks last year are Alaska, California, Colorado, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Maine, Massachusetts, Minnesota, New Jersey, New Mexico, Oregon, Rhode Island, South Carolina and Virginia"

I agree with the IRS - if you haven't already filed, don't! If you have already filed, don't file an amended Federal tax return!

Bill

 

[THE PILGRIM]

The only stim I received was $77 from the Federales back in 2020.
I'm waiting for my Brokerage report before I dig in on my return.

 

[Marine Corps Air]

This payment would have been some time last year from the State of New Mexico.

Bill

 

[Marine Corps Air]

From the Internet confirming this information:

IRS Statement — Taxability of State Payments - Search

and here's how your state would have distributed these payments:

Residents Of These 19 States Are Getting Stimulus Checks in 2022 – Forbes Advisor

Now the "Economic Impact Payments: that were made to us in 2020-2021 were not taxable as additional income:

What people really want to know about Economic Impact Payments | Internal Revenue Service

Among the issues here is are these STATE payments also excludable from our income?

Bill

 

[dockmurgw]

"I am surprised that there have not been any posts already on this subject."

The last time I typed the "T" word I got nailed...but that was me.

 

[JohnRippert]

Got my and Mom's returns done last week after getting the last of all the 1095's needed. Both getting refunds.

 

[biku324]

I spend $200 per year to not worry about my taxes.

 

[ImprovedModel56Fan]

As a MA resident, I know exactly what the feds are talking about. It seems obvious to me that I have to regard it as income, because I previously subtracted those tax payments from fed income. However, I am willing to await their guidance. It probably would be the second time that they disagreed with me to my benefit, if that's how it works out.

 

[grover99]

Wonder if there is a form to claim your tax refund from last year. They still owe me $1600 from 2021.

 

[GypsmJim]

I spend $200 per year to not worry about my taxes.

I went into business for myself in 1999. Since I hate lawyers and tax accountants I spent considerable time reading and learning.

I drew up all my own contracts and bought a copy of Turbo Tax for 50 or 60 bucks.

Works for me...

 

[ZGrand]

I haven't paid any Georgia income tax since I turned 65, so I didn't get a refund last year. But it doesn't matter -- my financial advisor never gets all my information to me till sometime in March anyway.

 

[Golddollar]

Wonder if there is a form to claim your tax refund from last year. They still owe me $1600 from 2021.

Take it to your Congressman to get IRS to send your refund. They have the contacts to deal with IRS and get things done.

 

[9mmPatriot]

Waiting as well.
The guberner here gave us tax payers a refund and it bought him a second term.

So here I sit waiting see how badly this will affect my refund.

 

[LVSteve]

Oh yeah, taxes. Suppose I should get onto that to find out how much I owe.

 

[Rustyt1953]

 

[jeffrefrig]

I haven't filed taxes since 199....oh, never mind! Actually, I have to get some new ink for my pen. When I write out a 4-digit check to the Feds, I always put circles above the I's with little smiley faces wherever I can, and on the line on the left that says MEMO so I know what it was for, I put a friendly "Blast You!" (Maybe spelled differently, but no swearing or cussing.)

 

[Frank46]

Chalk another tax payer who has not received out 2021 tax return. Same old excuse that covid has caused delays. Frank

 

[BigBoy99]

The new tax form for 2023 taxes:

How much did to make?
Send that amount to the IRS.

 

[soFlaNative]

Our filings are pretty straightforward so I've always prepped the returns. I'd like to file electronically esp. since a couple years ago the IRS misread a handwritten 8 for a 2.
The electronic option from the IRS I believe has joint income cap of 55K and since my returns are simple I see no need to shell out bucks for a Turbo Tax et al. although if I had I would have saved a bit of grief.
Missing or partial stimulus checks and short changed refunds have been the result of the IRS mistake since 2020. Each time I've contacted the Service I thought I had it resolved yet some time later receive a letter stating I need to verify some thing or another. Finally wrangled a sit down with an agent last Nov. who admitted the IRS's mistake but am still waiting to hear back.
If I had really needed the money holy hell would have been raised by now but the funds would not have either made or broken us. That said as of March I'm retired and it's time. Those checks are overdue and ours and damitall I will get them in our hands. I'll skip the Congressional intervention unless absolutely necessary as my rep is about a good argument for term limits as there is.

 

[GypsmJim]

Chalk another tax payer who has not received out 2021 tax return. Same old excuse that covid has caused delays. Frank

In 2020 I had to file an amended return because the IRS made a change after I filed. (on time BTW)

It took a year to get my refund, but it was double what my return said it should be.

Obviously, they changed my return, but to this day I don't know what or where.

 

[2ffat]

I did our taxes a week ago BEFORE they announced this. Now we wait.

 

[rockquarry]

I spend $200 per year to not worry about my taxes.

I agree. That's money very well spent to have a pro do your taxes.

 

[Marine Corps Air]

I received the attached document yesterday in which the IRS provides guidance to taxpayers regarding the taxability of these payments.

1. Additionally, have you received a Federal Form 1099 G ("Certain Government Payments") this year – [ https://www.irs.gov/pub/irs-pdf/f1099g.pdf ] The form should have been received after January 31st;

2. Finally, I recommend that you save the attached file, or print the file for your own tax records. You may also prepare your own memorandum for your tax records regarding the above outcome. While taxpayers usually receive their tax refunds within two weeks after filing, this does not indicate that the IRS has accepted and approved your tax return. The 2022 tax returns will not be actually processed for about 18-30 months after the return has been filed. That memorandum will become very important if you are required to answer any questions in the future.

3. Even if you use a tax preparer or anyone else to prepare your tax returns, you are still responsible for the data and information in the tax returns.

Bill

 

[ko41]

Neither my wife nor I received the $487.45 MN Frontline Worker Payment, so the delay to file does not apply to us.
But I started receiving SS in 2022 while my wife was still working, now I have this extra step to figure my Minnesota taxes on my SS payments, so that might delay my filing.

 

[ZGrand]

I heard on the news last night that the IRS has determined the Georgia tax rebate will not be taxable, and it's OK to file your return now. You may wish to verify this for yourself.

 

[GypsmJim]

I agree. That's money very well spent to have a pro do your taxes.

One of my coworkers had a second job nights during tax season. He was a tax preparer working for H&R Block. They gave him a book to read and of course their software and viola he was a tax pro.

 

[fiasconva]

Grover99, you'll eventually get your refund plus interest. Then you'll have to declare the interest on your next year's tax forms. It's happening to me this year.

 

[coltle6920]

Coloradans received money last year due to a surplus of taxes collected over what was needed. Per our Tabor law this money has to be refunded unless the voters allow the State to keep it for whatever reason they deem necessary.

Latest news from our Governor says we don't have to report it. I use TurboTax so will have to see if they updated the State form.

 

[LVSteve]

Coloradans received money last year due to a surplus of taxes collected over what was needed. Per our Tabor law this money has to be refunded unless the voters allow the State to keep it for whatever reason they deem necessary.

Latest news from our Governor says we don't have to report it. I use TurboTax so will have to see if they updated the State form.

Report it to who, the state or the Feds? I don't have to worry here in NV but I'd be leery of a state governor making pronouncements on income tax because of the federal entanglement.

 

[Beemerguy53]

I've been using TurboTax for about nine years, and couldn't be more pleased. It walks you through the process carefully, and does so in a way you can understand.

I did my taxes last weekend in less than three hours, and that included the time for me to go through my bank statements to find my charitable donations, etc. Quick and easy...