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  • My ret. no longer processing but get this

    From MZB@21:1/5 to All on Tue Jun 1 17:52:07 2021
    OK, I've been venting here. filed/received on 2/22 and processing ever
    since.
    I checked Friday and it was still processing. Got bored so checked
    Monday. No longer processing. Amazed that something happened over the
    Holiday weekend. But here's the rub.
    I checked further and the hold-up was the Economic Impact Payment Credit.
    So, let's say my 1st pmt was $200 and 2nd pmt was $700.
    Their correction: 1st pmt $200 and 2nd pmt $200 resulting in an
    increased refund. They stalled me for 3 1/2 months and they don't know
    it but they screwed up. My refund is scheduled for next week. I don't
    plan to even try to correct them and create probably a year delay!

    Thoughts?

    Mel

    --
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    << The foregoing was not intended or written to be used, >>
    << nor can it used, for the purpose of avoiding penalties >>
    << that may be imposed upon the taxpayer. >>
    << >>
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  • From Roger Fitzsimmons@21:1/5 to MZB on Fri Jun 4 10:47:36 2021
    On Tuesday, June 1, 2021 at 5:52:44 PM UTC-4, MZB wrote:
    OK, I've been venting here. filed/received on 2/22 and processing ever
    since.
    I checked Friday and it was still processing. Got bored so checked
    Monday. No longer processing. Amazed that something happened over the
    Holiday weekend. But here's the rub.
    I checked further and the hold-up was the Economic Impact Payment Credit.
    So, let's say my 1st pmt was $200 and 2nd pmt was $700.
    Their correction: 1st pmt $200 and 2nd pmt $200 resulting in an
    increased refund. They stalled me for 3 1/2 months and they don't know
    it but they screwed up. My refund is scheduled for next week. I don't
    plan to even try to correct them and create probably a year delay!

    Thoughts?

    Mel

    As long as we're venting... here's my suspicion on why I think my refund is delayed. I'm on Obamacare and about five months into the year I decided to stop taking an advance premium tax credit. (While it's ceding the time value of money to IRS, what
    IS that value at current interest rates?) When I got my form 8935 or whatever it is, it showed the reference plan (second lowest-cost silver plan) price for the 5 months I got an APTC but zero for the rest of the year. I called the people who issued
    the form and they assured me it wouldn't be a problem But if you take the figures literally from 8935, my refund would be about $8000 lower. So what's probably holding me up is one branch of the government saying one thing, and another branch saying
    something else.

    As I said though, time value of money is zilch, so I'm not losing sleep over it.

    --
    << ------------------------------------------------------- >>
    << The foregoing was not intended or written to be used, >>
    << nor can it used, for the purpose of avoiding penalties >>
    << that may be imposed upon the taxpayer. >>
    << >>
    << The Charter and the Guidelines for submitting posts >>
    << to this newsgroup as well as our anti-spamming policy >>
    << are at www.asktax.org. >>
    << Copyright (2011) - All rights reserved. >>
    << ------------------------------------------------------- >>

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From MZB@21:1/5 to Roger Fitzsimmons on Sat Jun 5 09:25:14 2021
    On 6/4/2021 10:47 AM, Roger Fitzsimmons wrote:
    On Tuesday, June 1, 2021 at 5:52:44 PM UTC-4, MZB wrote:
    OK, I've been venting here. filed/received on 2/22 and processing ever
    since.
    I checked Friday and it was still processing. Got bored so checked
    Monday. No longer processing. Amazed that something happened over the
    Holiday weekend. But here's the rub.
    I checked further and the hold-up was the Economic Impact Payment Credit.
    So, let's say my 1st pmt was $200 and 2nd pmt was $700.
    Their correction: 1st pmt $200 and 2nd pmt $200 resulting in an
    increased refund. They stalled me for 3 1/2 months and they don't know
    it but they screwed up. My refund is scheduled for next week. I don't
    plan to even try to correct them and create probably a year delay!

    Thoughts?

    Mel

    As long as we're venting... here's my suspicion on why I think my refund is delayed. I'm on Obamacare and about five months into the year I decided to stop taking an advance premium tax credit. (While it's ceding the time value of money to IRS, what
    IS that value at current interest rates?) When I got my form 8935 or whatever it is, it showed the reference plan (second lowest-cost silver plan) price for the 5 months I got an APTC but zero for the rest of the year. I called the people who issued
    the form and they assured me it wouldn't be a problem But if you take the figures literally from 8935, my refund would be about $8000 lower. So what's probably holding me up is one branch of the government saying one thing, and another branch saying
    something else.

    As I said though, time value of money is zilch, so I'm not losing sleep over it.

    My understanding is assorted credits is the cause of many of these
    delays. I just got my refund, about $1K higher than whAT I filed for. It
    took from 2/22 until 6/4 to get it///AND THEY ACTUALLY SCREWED THAT UP.
    I wonder if they will later on catch their error?

    Mel

    --
    << ------------------------------------------------------- >>
    << The foregoing was not intended or written to be used, >>
    << nor can it used, for the purpose of avoiding penalties >>
    << that may be imposed upon the taxpayer. >>
    << >>
    << The Charter and the Guidelines for submitting posts >>
    << to this newsgroup as well as our anti-spamming policy >>
    << are at www.asktax.org. >>
    << Copyright (2011) - All rights reserved. >>
    << ------------------------------------------------------- >>

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Toller@21:1/5 to MZB on Tue Jul 13 22:17:52 2021
    On Tuesday, June 1, 2021 at 5:52:44 PM UTC-4, MZB wrote:
    OK, I've been venting here. filed/received on 2/22 and processing ever
    since.
    I checked Friday and it was still processing. Got bored so checked
    Monday. No longer processing. Amazed that something happened over the
    Holiday weekend. But here's the rub.
    I checked further and the hold-up was the Economic Impact Payment Credit.
    How do you check something like this?

    --
    << ------------------------------------------------------- >>
    << The foregoing was not intended or written to be used, >>
    << nor can it used, for the purpose of avoiding penalties >>
    << that may be imposed upon the taxpayer. >>
    << >>
    << The Charter and the Guidelines for submitting posts >>
    << to this newsgroup as well as our anti-spamming policy >>
    << are at www.asktax.org. >>
    << Copyright (2011) - All rights reserved. >>
    << ------------------------------------------------------- >>

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Roger Fitzsimmons@21:1/5 to wadel...@gmail.com on Wed Jul 21 20:01:21 2021
    On Tuesday, July 13, 2021 at 10:19:42 PM UTC-4, wadel...@gmail.com wrote:
    On Tuesday, June 1, 2021 at 5:52:44 PM UTC-4, MZB wrote:
    OK, I've been venting here. filed/received on 2/22 and processing ever since.
    I checked Friday and it was still processing. Got bored so checked
    Monday. No longer processing. Amazed that something happened over the Holiday weekend. But here's the rub.
    I checked further and the hold-up was the Economic Impact Payment Credit.
    How do you check something like this?
    I got my refund on July 14. They added $8 worth of interest on a $1168 refund.

    --
    << ------------------------------------------------------- >>
    << The foregoing was not intended or written to be used, >>
    << nor can it used, for the purpose of avoiding penalties >>
    << that may be imposed upon the taxpayer. >>
    << >>
    << The Charter and the Guidelines for submitting posts >>
    << to this newsgroup as well as our anti-spamming policy >>
    << are at www.asktax.org. >>
    << Copyright (2011) - All rights reserved. >>
    << ------------------------------------------------------- >>

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Tom Russ@21:1/5 to Roger Fitzsimmons on Thu Jul 22 20:54:18 2021
    On Wednesday, July 21, 2021 at 5:01:25 PM UTC-7, Roger Fitzsimmons wrote:

    I got my refund on July 14. They added $8 worth of interest on a $1168 refund.

    And you'll probably get a 1099-INT for that next year.

    --
    << ------------------------------------------------------- >>
    << The foregoing was not intended or written to be used, >>
    << nor can it used, for the purpose of avoiding penalties >>
    << that may be imposed upon the taxpayer. >>
    << >>
    << The Charter and the Guidelines for submitting posts >>
    << to this newsgroup as well as our anti-spamming policy >>
    << are at www.asktax.org. >>
    << Copyright (2011) - All rights reserved. >>
    << ------------------------------------------------------- >>

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)