Tax Time

[rodman2112]

Processed mine online before the Feds started accepting. State only took a couple of days and the Federal refund was in my account on Feb 1.

 

[FakeHuman]

I always end up paying OK, so I'm in no hurry : )

 

[inactive]

My State is still pending and my Federal is delayed due to the Form 8863(Education Credits). Hopefully they start accepting those next week.

This. 8863 is effing with me this year.

 

[Okie4570]

We have our taxes done at Willie Nelson Tax Prep Inc., not sure what the turn around time will be.

 

[grizzly97]

This. 8863 is effing with me this year.

Educate me. What is an 8863?

 

[inactive]

Educate me. What is an 8863?

It's the form used to calculate and request credits for tuition paid in a calendar year. You can make a straight income adjustment (line 34 on the 1040) for full time enrollment, but since I am part-time taking one class this spring (paid for in 2012, so it's on the 2012 return), I have to claim the credit (line 49, form 8863) and not the income adjustment.

The IRS though has not begun accepting returns for taxpayers utilizing the 8863 form. So while I have submitted my taxes online to my tax preparation company (Tax Slayer, FWIW), they are holding the return until the IRS allows them to file it.

 

[grizzly97]

It's the form used to calculate and request credits for tuition paid in a calendar year. You can make a straight income adjustment (line 34 on the 1040) for full time enrollment, but since I am part-time taking one class this spring (paid for in 2012, so it's on the 2012 return), I have to claim the credit (line 49, form 8863) and not the income adjustment.

The IRS though has not begun accepting returns for taxpayers utilizing the 8863 form. So while I have submitted my taxes online to my tax preparation company (Tax Slayer, FWIW), they are holding the return until the IRS allows them to file it.

Ah, okay. Thanks Cards81fan!

 

[71buickfreak]

Tax Slayer FTW!

 

[RonBurgundy]

Filed it last Friday, refund set to hit my account on Monday. Garand to be ordered from the CMP on Monday.

 

[rlongnt]

I got my refund Wed the 6th. Bills paid, no new guns for me this time.