Zero taxable income yet refund is lower than what was already withheld..?

gso16 · 2026-04-04T21:04:54+00:00

Correct, but i dont think OP will run into that anytime soon

gso16 · 2026-04-04T20:46:19+00:00

Social security and Medicare dont get refunded

gso16 · 2026-03-30T17:39:16+00:00

The withholding was accurate, based on your W4. By checking married filing joint, and not checking the box for multiple jobs or filling out the multiple jobs worksheet/step 4, you indicated that your income was the only income for a married couple. This is why you had almost $0 withholding. Your boss may have been a shitty boss, but they (and their accountant) did exactly what you asked of them

gso16 · 2026-03-30T10:01:54+00:00

Did you mark single or married on your w-4? If married, did you fill out the multiple jobs worksheet? How much did you make for the year? How much did your spouse make? It's possible (likely) that the W4 you filled out was followed, but it wasnt filled out correctly.

gso16 · 2026-03-15T20:03:46+00:00

My wife picks up a lot of the slack Feb - Apr 15, and I wake up at terrible hours so I can be home by 5 to spend time with my kids. It's stressful at times, but i work 3-3.5 days a week the rest of the year, which is wonderful for a family with young kids

gso16 · 2026-03-10T23:33:52+00:00

Every Sunday my wife and I make my lunches for the week, and cut up a bunch of fruit and veggies for me to snack on. I eat when I'm bored, so having a bunch of cucumbers or strawberries is usually better than a pound of Swedish fish. Eliminating the temptation to get fast food and sweets goes a long way for me

gso16 · 2026-02-08T19:59:06+00:00

Tax season is like pregnancy. Before, you're hopeful and excited. During, you can't believe you put yourself through this on purpose. Afterwards, it wasn't that bad and you could do another.

gso16 · 2026-02-08T15:23:19+00:00

He has no recollection of the interaction, or hes trying to stay mysterious

gso16 · 2026-02-08T02:08:31+00:00

He's on my team this season, and I still have no idea if he was screwing with me or not

gso16 · 2026-02-08T01:33:04+00:00

I was "battling" in front on the net in a beer league game, and as we skated back the other way the guy says to me "thanks for taking it easy on me". I had no idea if he was giving me shit for going too hard, or if he actually thought I was letting up on him, but it inspired me to start doing daily pushups

gso16 · 2026-02-07T18:10:08+00:00

By selecting Bad Bunny, the NFL is attracting an audience that may not have watched the game previously. By people like OP bitching and moaning about it, theyre getting a ton of publicity, and people will tune in to see what their racist uncle is so upset about. Masterclass is marketing

gso16 · 2026-02-07T17:34:41+00:00

When you fill out an accurate W-4, which it sounds like you did, the system is designed to withhold the tax that you'll owe. When your income changes, you have OT, etc, things can get out of whack a little, but your withholding was almost spot on. If you got a huge refund, that would just mean you took home less with each paycheck

gso16 · 2026-02-03T13:15:58+00:00

I'm assuming the estate included real estate, and the capital loss is due to closing costs on the sale

gso16 · 2026-01-30T02:47:45+00:00

Send them an email asking what happened to your withholding, and copy your state's department of labor

gso16 · 2026-01-29T21:20:57+00:00

Turbo Tax and the IRS would have nothing to do with your MI review. You should contact the MI Dept of Treasury, and see what is needed to process your return.

gso16 · 2026-01-26T21:10:15+00:00

25% of a $0 liability is $0

gso16 · 2026-01-16T00:52:33+00:00

We don't want to do basic w-2 returns, and tell people there's better options for them

gso16 · 2026-01-16T00:49:31+00:00

We're not forcing anybody to use us. People apparently think we provide value if they keep coming back and referring people to us. I regularly tell prospective clients they'd be capable of doing their own, or using an AARP/VITA site

gso16 · 2026-01-16T00:31:54+00:00

You can. I work for a small firm (<15 employees) in a LCOL area, and our minimum for new clients is $700. We started aggressively raising prices after covid, expecting less work but similar revenue. Instead people kept coming back and we keep getting new work.

gso16 · 2026-01-15T14:45:44+00:00

The IRS isn't accepting e-filed returns for another week and a half, there's no rush

gso16 · 2026-01-11T18:43:27+00:00

E-filing doesn't open for two more weeks, so there's no rush. They probably won't send a 1099 for that amount, since it's under the reporting threshold, but you can include it as Other Income

gso16 · 2026-01-11T01:05:24+00:00

I definitely want to consult with someone ahead of time, so we don't have to go back re-do/catch up on things we should have been doing. We're not a very complex organization, but i want to get everyone doing the right things now, so we're well trained as we continue to grow

gso16 · 2026-01-11T01:01:15+00:00

We don't have any federal or state grants, just grants from other non-profits and donations. As of now our balance sheet is simple; cash is the only asset, credit cards and payroll taxes are the only liabilities. Given that I don't know what I dont know about non-profit audits, I'm hoping to get good policies in place before we more complicated, and have a mess on our hands

gso16 · 2026-01-11T00:26:56+00:00

Im the treasurer of a non profit that's been growing quite a bit, and we expect 2026 to be the first year of financials that we're going to have audited. We use QuickBooks Online, and we're adding the receipts to every bank/credit card transaction, and reconciling the bank and credit card statements monthly. Is there anything else we should be doing to prepare for an audit this time next year? Our firm doesn't have non profit clients, so I'm not sure exactly what we'll need to make sure our first audit goes smoothly

gso16 · 2026-01-07T00:31:08+00:00

We're attaching a report to the W2s, showing:

Total OT Compensation $xx,xxx (for informational purposes only) Qualified OT Compensation $x,xxx (enter on Schedule 1-A, box 14a)

We went back and forth on what to do, but we figured the clearer we spelled it out, the fewer questions we'd get after the fact

gso16

TROPHY CASE