Pissed at my tax prepper

[Doc45]

**Update-I guess he must've felt guilty as I received a small check from him in the mail today as a partial refund on my fee. Still no note or words of apology but the check is fair. Also my state refund hit my bank today as well, now just waiting on the paper check from Uncle. On another note and without going into details I usually don't get a refund, some years I pay a little extra so no one needs to advise I not use my money to give the fed a no interest loan.**

I've been using the same accountant for 4 years (after leaving my previous because she refused to file electronically and was charging me a ridiculous fee). This guy has been decent, fair fee, files electronically, etc. Well this year he screwed up, didn't check the box for electronic deposit on my federal refund and screwed up the state-had to refile it, says he checked the box for the electronic deposit on that but I won't know for a bit more time.

Next year my return will be a lot more simple, thinking of just using Block or something similar. My younger son just finally got a full time job with benefits starting on the 29th (he's been working 2 part-time no benefits). I committed to helping him with the bills from his emergency appendectomy last September and was planning on making the final payment this week-not now. Really pissed at the accountant. All he could say was "hope this isn't a problem" when I called him this morning.

[Dave]

State isn't doing EFT for returns this year. I filed mine already and I know the box was checked for EFT, but they sent a check with a letter saying due to fraudulent returns being submitted so frequently they are only sending checks to the address listed on records. Still didn't take that long as we filed Feb 1 and already got our small check back. Used it for our Valentine's Day dinner.

[esizer]

State isn't doing EFT for returns this year. I filed mine already and I know the box was checked for EFT, but they sent a check with a letter saying due to fraudulent returns being submitted so frequently they are only sending checks to the address listed on records. Still didn't take that long as we filed Feb 1 and already got our small check back. Used it for our Valentine's Day dinner.

I got my state refund via ACH

[Dave]

I got my state refund via ACH

Could be because I used tax prep software? I'll have to reread the letter after I get home.

[Sawin]

State isn't doing EFT for returns this year. I filed mine already and I know the box was checked for EFT, but they sent a check with a letter saying due to fraudulent returns being submitted so frequently they are only sending checks to the address listed on records. Still didn't take that long as we filed Feb 1 and already got our small check back. Used it for our Valentine's Day dinner.

Where'd you hear that? My state refund was deposited into my checking account about 10 days after I e-filed my return.

[milwaukeeshaker]

Sounds like a pain. You probably should not use the IRS as a savings account, take less deductions and put the difference in your check in a savings account. that will solve the problem in the future. You are just loaning your money to the Govt. and getting no interest, not that there is any interest to be had at the banks.

I've been using the same accountant for 4 years (after leaving my previous because she refused to file electronically and was charging me a ridiculous fee). This guy has been decent, fair fee, files electronically, etc. Well this year he screwed up, didn't check the box for electronic deposit on my federal refund and screwed up the state-had to refile it, says he checked the box for the electronic deposit on that but I won't know for a bit more time.

Next year my return will be a lot more simple, thinking of just using Block or something similar. My younger son just finally got a full time job with benefits starting on the 29th (he's been working 2 part-time no benefits). I committed to helping him with the bills from his emergency appendectomy last September and was planning on making the final payment this week-not now. Really pissed at the accountant. All he could say was "hope this isn't a problem" when I called him this morning.

[HoneyBadger]

Sounds like a pain. You probably should not use the IRS as a savings account, take less deductions and put the difference in your check in a savings account. that will solve the problem in the future. You are just loaning your money to the Govt. and getting no interest, not that there is any interest to be had at the banks.

This is a good post.

Instead of holding it in a bank account, investing in good mutual funds will usually provide a nice return.

[Trout Hunter]

This is a good post.

Instead of holding it in a bank account, investing in good mutual funds will usually provide a nice return.

Sound advice right there. I try to manage it so that I don't get refunds but come close to break even. Usually end up +/- $100 on taxes. Having a dad that was a CPA helped. All a tax return means is you gave the gov a loan for 12 months and didn't get a thing out of it.

[Doc45]

Sounds like a pain. You probably should not use the IRS as a savings account, take less deductions and put the difference in your check in a savings account. that will solve the problem in the future. You are just loaning your money to the Govt. and getting no interest, not that there is any interest to be had at the banks.

Without giving my financial dealings out to strangers you are off base with your assumption on my situation.

Again the accountant screwed up, the issues on my state return had nothing to do with that refund. That's as far as I'll go addressing the specific issues.

[68Charger]

Sounds like a pain. You probably should not use the IRS as a savings account, take less deductions and put the difference in your check in a savings account. that will solve the problem in the future. You are just loaning your money to the Govt. and getting no interest, not that there is any interest to be had at the banks.

Well, don't err Too far the other direction, either... Or they'll ding you for under-withholding (or whatever they want to call it now) and slap penalties on top of having to pay out taxes... It all depends on your tax situation, don't follow advice from someone that doesn't know your situation.

This year we have to file K-1 and K-1N (in addition to all the forms we did last year). Bonus points if you know what I'm talking about, extra if you can guess what the source of K-1 income is...