Hacker Read

sp332 · 2015-02-06 22:06:40+00:00

This doesn't seem to affect federal tax returns or anything related to the IRS. (This time.)

lotsofpulp | karma 34330 | avg karma 1.97 · | 2021-02-11 19:49:23

Yes, so there's no reason for people to think they will risk going to jail for incorrectly filling out their tax returns.

basseq | karma 3683 | avg karma 4.08 · | 2019-04-11 13:00:33+00:00

Then this won't affect you, as you'll have to wait until April 2nd just like the IRS.

SilasX | karma 17521 | avg karma 2.12 · | 2020-08-03 16:50:26

Ach, sorry, I misread your comment -- so, it doesn't change their tax situation, so there's no reason to falsely use this. Understood. Never mind.

kosievdmerwe | karma 750 | avg karma 2.44 · | 2019-07-26 22:59:50

This is a relatively new change though, as in the last year/couple of months. So I wouldn't expect the IRS to have shifted it's treatment. Especially in the context of 2018 taxes.

seanmcdirmid | karma 34701 | avg karma 1.77 · | 2021-09-15 17:00:26

I'm not finding that to be very reliable, as I can't find a news article or even someone else complaining about the same problem. Are you sure they just didn't mess up on their tax return somewhere?

greenleafjacob | karma 678 | avg karma 2.03 · | 2017-11-10 20:19:08+00:00

If you have itemized before and no material changes have occurred in your tax situation then you don’t have to itemize again.

ap77 | karma 5 | avg karma 1.0 · | 2023-10-17 15:29:13

Doesn't change much. I still need to pay my CPA thousands to prepare the tax return.

angelbob | karma 2199 | avg karma 3.21 · | 2010-01-18 14:11:14

According to the comments, this article is just wrong according to the current IRS web site.

cloudkj's comment here seems to be correct.

reply

yuppie_scum | karma 854 | avg karma 0.47 · | 2023-04-11 14:13:43

The IRS doesn’t care about your $40. If that was your total income for the year, you are not the bracket they’re going to be auditing any time soon. I wouldn’t worry about it.

plasticbugs | karma 339 | avg karma 5.84 · | 2021-12-23 22:01:23

Yep, I haven’t exceeded the reporting amount yet. Hopefully my tax situation doesn’t get overly complicated. If it does, I may need a new side project.

detaro | karma 40664 | avg karma 1.79 · | 2022-09-07 12:57:16

They said their tax return was trivial, not that they didn't file one.

BMSmnqXAE4yfe1 | karma 78 | avg karma 0.59 · | 2020-09-27 11:46:40+00:00

I remember ticking this box on 2019 tax form, so that's nothing new.

Symbiote | karma 17180 | avg karma 2.4 · | 2017-08-09 10:50:33+00:00

I would presume it's no problem if you actually paid any owed taxes.

jackalo | karma 483 | avg karma 4.03 · | 2022-06-28 10:19:05

As someone who has had taxes done by EY, I'm not the least bit surprised.

carimura | karma 1350 | avg karma 3.43 · | 2020-03-17 19:21:39

This is not a delay in the filing date (yet, although many predict it's coming). This is a 90-day interest-free grace period for paying owed taxes.

rossriley | karma 272 | avg karma 2.21 · | 2021-03-28 00:10:25+00:00

This has never happened to me either, notified HMRC and that was the last I heard.

rayiner | karma 121493 | avg karma 4.24 · | 2023-10-19 20:15:30

But those complications don’t affect the average tax filer, which was OP’s theory.

yardstick | karma 1922 | avg karma 2.23 · | 2022-07-18 02:48:53

Yes, because of IRS taxation rules

fatnoah | karma 3715 | avg karma 2.91 · | 2021-02-11 18:40:41+00:00

They do, but perhaps the IRS has since changed things, since what I see on that link is not what is pictured in the article. (Ok, I see the article is from 2019, which is why it's so different)