Personal Finance Moved out of state in 2018 but realized I've been paying California taxes for the last two years. Can I ask for a refund? |
- Moved out of state in 2018 but realized I've been paying California taxes for the last two years. Can I ask for a refund?
- Dad used my SSN to work, do I file taxes for his work?
- Question about a utility company screwing up, putting me into collections, realizing they screwed up and what happens if I agree to pay a small amount to end it.
- IRS website, and now TurboTax, don't accept my hyphenated last name.
- Don't Pay H&R Block From Your Refund
- Job salary negotiations
- Is between $12k-$13k in my savings "enough" to live on my own in a LCOL area?
- Developer of my condo owns just over 25% of my building. I am worried that will make it hard to sell my unit
- Wells Fargo denied appeal for fraud claim. Now what?
- Living in lebanon during a financial crisis
- My MIL wants to add us on the deed to her house
- “Budget-Neutral 401k Match” has anyone heard of this?
- Handling this debt collector?
- Is there a way I can open a bank account or credit union under 18 without parents knowing?
- Financial advisors worth it for higher investments?
- I haven't filed taxes in years. What's the best way to gather up W2s from so many employers?
- Can I file as an independent if my college is paid for with a 529 plan?
- Received a “Delinquency Notice” from ARstrat regarding an outstanding balance I have already settled...Over 3 years ago. And name is incorrectly spelled.
- Is paying mortgage down early too good to be true? Should that money be invested elsewhere?
- Lacking Financial Direction
- Confused af. Just did turbo tax and now I have to make estimated payments of $984 quarterly. Why?
- 401k to Traditional IRA Question
- If I have $10K cash should I pay off 3k CC debt all at once or incrementally?
- Need a reality check on household budget
- I was served and sued by Midland Credit Management for a debt I owed in California.
| Posted: 09 Mar 2021 12:16 PM PST Back in 2018 I moved from CA to Florida and worked for the same employer. I didn't realize this at the time but my employer messed up and still had me on CA payroll, and I paid roughly 40K in CA taxes over the next two years. I didn't think anything of it and continued to file CA returns through TurboTax. I've just been told by a colleague that I was actually not a CA resident since 2018 since I moved out of state (have the flight records, new licenses, rental agreements, etc. to prove it), so I should be asking for those taxes I paid back. Has anybody gone through this process before? Is it as easy as filing amended returns? Will I get audited? [link] [comments]  |
| Dad used my SSN to work, do I file taxes for his work? Posted: 09 Mar 2021 06:12 PM PST My dad used my SSN to work part time. He says he did this to make some side money while still qualifying for his pension. I now have a W2 in my name for a job I didn't do. I have been fully employed with another employer during this time in another state in a completely different field (he worked in retail, I work for an engineering company). This is tax fraud right? I shouldn't file for work I didn't do seems like the obvious answer. What are the implications for him and me if I do or don't file? Edit: Thanks for all the advice and good vibes, I feel much better and have a clearer outlook on how to handle this. You guys are great! [link] [comments]  |
| Posted: 09 Mar 2021 12:18 PM PST Eddit: so I didn't think this would get as big as it did but I guess I did a poor job of explaining things so I'm going to try and more clearly explain. Two years ago I had a temporary job in Seattle and used a local internet company. At the end of it, I believed that I had paid everything in full and all is well. I use auto pay and look at my bills and pay, I have great credit, etc. Fast forward two years, out of sheer boredom I requested my credit report and a month prior a new collections account was put on my report from this company. I have never heard from the collections company in any capacity nor have I heard from the Internet company in the two years since I left. I contacted Experian and equifax and they removed it from my report. I simply explained the situation and I guess that was sufficient for them? TransUnion, apparently not. TransUnion verified the debt with the collections company and wouldn't remove it. So, I emailed the Internet company directly and said what the hell, you guys made a mistake. We went back-and-forth and they said that if I pay a $50 fee they would remove the several hundred dollars they were attempting to charge me through collections but didn't actually say that, just said pay us $50 and were good. So, I came here to find out if paying the 50 screws me over if I have virtually no proof of actually paying all my bills in full because it was several years ago and I have no receipts in my email because maybe I never set that up? Basically, the situation boils down to what should I do: pay the $50 to the company or try and fight more? [link] [comments]  |
| IRS website, and now TurboTax, don't accept my hyphenated last name. Posted: 09 Mar 2021 03:08 PM PST Every year I have a small hiccup trying to get my taxes done where the IRS has an issue recognizing my hyphenated last name. Usually, I have H&R Block do my taxes and they are preparation people are able to figure it out but this year I decided to use TurboTax I am fully prepared my taxes and submitted them online but was sent a rejection and they had me print out the copy of my taxes so that I could mail them. I am wondering my next steps are. Should I just mail My taxes in? Also I owe taxes from last year that I am trying to find the balance for but I have been unable to reach the IRS on the phone to find out this balance and I cannot login to my IRS account because of the issues with my name. Any suggestions? [link] [comments]  |
| Don't Pay H&R Block From Your Refund Posted: 08 Mar 2021 06:34 PM PST Finishing up my tax return with H&R Block and was absolutely blown away by one of the payment options. You can either 1) Pay with your credit/debit card or 2) Use your refund to pay...for a small additional fee of $39! This is robbery, right? Edit: Thank you for the awards kind Redditors! Hugs and kisses. [link] [comments]  |
| Posted: 09 Mar 2021 11:51 AM PST Not Sure if this is the right place to post this but I am in the process of interviewing and have done my research for the certain company and position. The salary range on glassdoor says 63 to 67 for this particular position so should I just say 65? Even if they just give me 60 I'll be happy that would be way more than what I'm making now but I have four years of experience and know that I'm worth at least 65 but I don't want to scare them away. Also someone once said When they ask you what your range is to not answer right away and just tell them you are sure they pay competitive wages and then ask more about the company or the job. That doesn't seem like a good way though?? Do I just tell them right away or stall? And do I say a range or certain number? I've only had one job out of college and I don't have a lot of guidance so any advice would be appreciated! [link] [comments]  |
| Is between $12k-$13k in my savings "enough" to live on my own in a LCOL area? Posted: 09 Mar 2021 04:18 PM PST Title. I'm currently living with my parents and want to try to move into my own place once COVID "calms down." I am looking at summertime with fall being the absolute latest. I should be able to have around $12k in my savings by the end of June. Originally, I wanted to have at least $15k to $20k in my savings, however, I'm debating if that might be "overkill." To be honest I'm 27 and I think it is time that I finally move out. I want to be able to bring a female friend over and not be an "awkward situation" or conversation. There is a solid chance I might be able to get a place with my friend, which would dramatically bring my costs down. A 1 bedroom in my area is ranging from around $800-$1150 and a 2 bedroom is ranging from like $900-$1300. Seeing that a lot of 2 bedrooms are only around $50-$75 more than a 1 bedroom, I am leaning towards that route if I don't end up living with my friend. About me: Salary: $52,000 per year (Will go up to around $54,000 in the fall) Credit Score: 804 Savings: $1,500 (I just threw a lot of money from my savings to pay off my car. I plan on adding between $1,400 to $1,600 each month. I work in education and have my paychecks "spread out" for the summer, so I will be receiving a $6,500 - $7,000 check at the end of June). Debt: Student Loans: $44k (I work in education and am trying for PSLF. My normal income driven repayments are around $190.) I appreciate any replies! [link] [comments]  |
| Posted: 09 Mar 2021 09:49 AM PST I have a condo that I am trying to get a refinance for. The refinance has been difficult because the developer owns just over 25% of the building, and apparently there is a rule where I can't get a loan due to this ratio. There is a way around this by getting a limited questionnaire vs the full questionnaire, and avoiding the appraisal. But that's tricky and a hassle, and would deter would-be buyers. I am worried about trying to resell later and the buyer getting a loan, because the buyer will also face getting a loan with the 25% rule. Any advice? [link] [comments]  |
| Wells Fargo denied appeal for fraud claim. Now what? Posted: 09 Mar 2021 02:43 PM PST Help! My son was recently a victim of fraud with Wells Fargo. They hacked his account by making fraudulent check deposits and withdrawls. The bank agreed these were fraud, There was $4500 in fraudulent checks and $1800 in Apple pay. The checks dropped off and the Apple pay was returned. During the same time, his account was also fraudulently withdrawn $1500 using Zelle. The bank has denied this claim stating he was the only one with access to his account (huh? They just said someone hacked into his account). When we filed an appeal they denied the appeal stating the same user was still using his account. He has switched to another bank. What are our next steps? He has never used Zelle. We also filed a report with IC3 and with CFPD (Wells Fargo denied complaint with them). Feeling frustrated. What can we do next? [link] [comments]  |
| Living in lebanon during a financial crisis Posted: 09 Mar 2021 02:56 PM PST Hello everyone I feel lost and need advice please, I am lebanese, married and with two toddlers. Lebanon has been going thru a financial crisis for more then a year whereas the currency has devaluated by 85%. But i have managed to secure a job that has kept me almost independent from the lebanese Lira (local currency) where i get paid a portion of my salary in US dollar To put that in to perspective my house loan was almost half my salary, now it is a little more then 1/10 of my salary. Of course in a crisis like this nothing is permanent and i am very inexperienced in such situations (i think Venezuela has been going thru similar crisis) I am looking for advices to help me get the most of the opportunity and to secure a stable future [link] [comments]  |
| My MIL wants to add us on the deed to her house Posted: 09 Mar 2021 11:19 AM PST My mil wants to add my wife and my SIL to the deed for her house so I'm the event something happens it would make inheritance simpler. We would not be on the mortgage. We do not currently own a house but plan to in the next year. We would be first time home buyers. If we get added on the deed to the house would we still be eligible for first time home Byers benefits? Edit: thanks for the advice everyone. We are going to probably do the s,art thing and reach out to a professional to make sure everything gets set up the right way. [link] [comments]  |
| “Budget-Neutral 401k Match” has anyone heard of this? Posted: 09 Mar 2021 04:09 PM PST A friend of mine has a job offer with the following language in his compensation package. "Our company doesn't have a traditional 401K match… the company does a budget-neutral match. That means that after 1 year of service, the company will match your contribution to your 401K and adjust down your salary by that same percentage. This does not decrease your overall compensation; it just shifts it from salary to 401K contribution." Can someone help me make sense of how this works, and how it's different from a typical 401k match? [link] [comments]  |
| Posted: 09 Mar 2021 03:04 PM PST About 2 years ago I racked up a debt in PayPal Credit. I made minimum, but monthly, payments up until the pandemic hit. I got behind on payments for a few months, my last payment was the month of December. Yesterday, I received 3 "spam risk calls" back to back, the person left a voicemail requesting I or my lawyer call them back, that got me freaked out. I called back, asking what this was about, the lady was friendly and told me they're collecting this debt, which is about $800. She asked how I wanted to pay, but I responded I haven't received any letter or anything, she said "oh you should soon, it was sent on the 1st", I said I'd call back once I got it and reviewed it. I still haven't received a letter, but I know this debt is legitimate, and I had every intention of paying it back. What is the best way to go about this? I don't have anything close to that saved up to pay at once. [link] [comments]  |
| Is there a way I can open a bank account or credit union under 18 without parents knowing? Posted: 09 Mar 2021 06:32 PM PST Is there a way I can open a bank account or credit union under 18 without parents knowing? [link] [comments]  |
| Financial advisors worth it for higher investments? Posted: 09 Mar 2021 02:20 PM PST I have read on here that they don't make sense for people starting out, but do they make sense for let us say 700k? What if the person investing is okay with paying fees and does not want to do any investing themselves? Is an advisor still not worth it? Some folks told me just put the money in vanguard ETFs and don't touch. Is it really that simple? Thanks [link] [comments]  |
| I haven't filed taxes in years. What's the best way to gather up W2s from so many employers? Posted: 09 Mar 2021 11:55 AM PST Full disclosure. I filed taxes for 2014 and 2015 while still in high school, but since I graduated my life has been one fiasco after another. I've had so many odd jobs that I'm not even sure I could correctly list them all or even what towns they were in. I'll spare you the details and excuses, but the point is I haven't filed taxes in years. I finally screwed my head on right last year - even kept the same job through the year - and truly want to make things right with the IRS too, but I've only managed to hold onto five W2s over the past four years and I'm fairly sure there are at least twice as many out there somewhere (yet none that earned over $1k apiece). I have zero doubt in my mind that I don't technically owe anything and I've heard some people say to just file what you have, do better in the future, and if the IRS wants to stir the gravy they'll let you know what you owe. But is that really the best way for me to handle this? If there are such services, I have a few hundred dollars that I could use to pay someone like a tax consultant to track down my W2s via my social security number. Then again, a few hundred bucks probably wouldn't be enough even if people like that existed. I've tried to research what I should do, but couldn't find anything for "no idea what W2s may be out there", mostly "talk to past employers" instructions, so any and all advice would be so appreciated! [link] [comments]  |
| Can I file as an independent if my college is paid for with a 529 plan? Posted: 09 Mar 2021 08:25 PM PST I'm a college student and my tuition and housing is paid through a 529 plan (roughly $17000 for the year). I also have ~$2000+ income in 2020. I know that there is a legal gray area regarding 529 funds but have heard they can be considered a "gift" and technically my money. This would easily fulfill the requirement of supporting 50% in order to file as independent. [link] [comments]  |
| Posted: 09 Mar 2021 11:55 AM PST So I received a letter from a collections company named ARstrat regarding a hospital visit way back in 2016. Due to clerical errors at said hospital they never communicated with my insurance, or myself. Once they finally did contact me about this amount I paid it, I have proof of doing so and I thought that was that. That was almost 3 years ago to the day, only now I have another Delinquency Notice from ARstrat. The Service Date is the same as the last one that I already paid, however the amount is over $1,000 whereas the previous balance was around $600. Not only that, my name is incorrect on the actual invoice. I am seriously getting tired of this situation and I'm curious as to what I should do next. I was doing some reading and thought I should request a "Debt Validation Letter" from them and go from there... Any suggestions haha? [link] [comments]  |
| Is paying mortgage down early too good to be true? Should that money be invested elsewhere? Posted: 09 Mar 2021 10:40 AM PST I crunched some numbers in a Mortgage Calculator.. If made an extra monthly payment of $469.26 the mortgage would be payed off in 171 months. This equates to an extra $80,243.46 being applied over the course of the loan. Interest paid would be $58,210. In this scenario I effectively cut the interest payed under normal circumstances from $121,372 in half... Applying the same $80,243.46 in one lump sum this month means the mortgage would be payed off in 25 months.. leaving interest paid at only $5,540. This squashes that $63162 savings even lower to only $5,540! My question is: Should this same money be placed into the stock market? For the sake of simplicity let's say the SPY. My rate is 3.625 and my plan is to keep this house and rent it out for the long run as part of my portfolio btw. [link] [comments]  |
| Posted: 09 Mar 2021 06:13 PM PST Hey all, Brief summary: I have a $17k auto loan @ 3.9% (41 payments remaining) and $20k in savings. I don't have anything in retirement because I spent my 20s getting into debt but I paid off everything except for my auto loan over the past few years, including $31k in student loans. I'm 31 years old living in SoCal. Now that I'm nearly debt free and have a healthy EF, I don't feel the urgency to get a job for the sake of getting a job - I'm looking for something that I enjoy and pays decent. I don't have a W2 job but I do food delivery at night 7 days a week. Most of my effort and time have been going to building my businesses but it'll take time before I can make a full-time living from them. What should my next financial steps be? [link] [comments]  |
| Confused af. Just did turbo tax and now I have to make estimated payments of $984 quarterly. Why? Posted: 09 Mar 2021 07:18 PM PST Confused af. Just did turbo tax and now I have to make estimated payments of $984 quarterly. Why? I've had roughly the same pay each year. The only difference is that I have a slightly higher interest income in 2020, total of $3500 (from CD accounts, and now the interest has dropped dramatically so I don't think I'll get the same amount next year). I do not own a brokerage account and do not have other sources of income. This time, Turbotax automatically calculated 4 payment vouchers of estimated payments of $984 quarterly, which I feel is a lot. Did something go wrong? I've already e-filed federal return. Do I need to pay $984 quarterly? [link] [comments]  |
| 401k to Traditional IRA Question Posted: 09 Mar 2021 03:09 PM PST Sorry if this has been asked before, I haven't found any answers. I have a 401k with 15k in it. I no longer work for that company. I have an IRA. Can I roll the 401k into the IRA? Does the 15k ignore the $5500 yearly limit on my IRA? What is the best way to roll this over? I really need help, I'm a bit lost and have no idea how to do this. PS: The TPA that handles my 401k send me a form where it says I can directly roll over my entire account balance but I'm scared and I want to make sure it won't like get blocked or something. Thanks guys. [link] [comments]  |
| If I have $10K cash should I pay off 3k CC debt all at once or incrementally? Posted: 09 Mar 2021 06:51 PM PST Just thinking of paying $1000 or $500 increments over the next few months.. or should I do it all now? [link] [comments]  |
| Need a reality check on household budget Posted: 09 Mar 2021 04:01 PM PST I am basically managing all financial decisions for my family and don't have anyone to really bounce this off of. I don't have siblings and my mom (dead dad) is super frugal but lives in another country and is not super financially literate. My in-laws are super successful lawyers in another country, are terrible with financial management from what I have seen, but they have enough money so it doesn't really affect them. My wife is happy to leave everything to me since she didn't grow up having to deal with personal finances. I also don't have any close enough friends I would feel comfortable discussing this with, so I thought let's ask some strangers about this deeply personal situation…. I would like some feedback on whether or not our budgeting is ok or if there is an area where I can improve. I work in a relatively specialized finance field that requires a lot of education. I fucked around a lot in my youth, took longer than needed to finish high school, and spent a few years in the military. I finally got my act together and got a PhD, but by the time I was finished I was already in my thirties with zero savings to my name. I was lucky enough that I had no student loans as it was all paid for through sponsorship and scholarships. I am now in my mid 40's in a mid to upper management type position. Two kids in elementary school, wife teaches at local universities part time, but 90% of our income is through my job. Gross family income is around $220K to $250K depending on the bonus of that year. I am pretty worried about retirement since I got such a late start and my wife's SS/pension is most likely going to be minimal. When we just had kids my income was lower and I could only put away about 10%, but I am now putting away about $40K per year in pre and post tax 401K plus 6% company match bringing the total to about $52K per year. I also stuff away another $7K in pre-tax HSA contributions since we have a high deductible health plan. I try not to touch the HSA money and it is invested in conservative 2040 ETFs, hoping this will take care of our health care expenses when we are retired. Currently total IRA balance (excluding HSA) is about $500K. We contribute about $10K to $20K per year to charitable giving (different causes each year, some domestic, some global, usually for fighting hunger, social injustice, etc.) Mortgage payment (including tax and insurance) is about $2.8K per month, but I add an additional $800 (so $3.6K total per month) to pay off the principal faster. My wife drives a currently 8 year old car that we paid off because she doesn't care about cars. I lease because I like new cars. Lease payment is about $350/month. There is no other debt beyond the mortgage and lease. After all this and utilities/subscriptions/etc. we have about $3k to $3.3K left per month. We are able to set something aside for a rainy day fund in irregular intervals, which is currently around $50K. This one gets drawn down from time to time for home improvement projects or if we go on a larger vacation. Before the pandemic we ate out in restaurants once or twice a week, and usually only in fast food or casual restaurants (think chick fila, mod pizza, etc.). We go on vacations once or twice a year, but mostly local within a day or two driving distance. Every two years we try to visit my mom or my inlaws (different countries) and when my mom comes to visit we pay for all of her flight and travel expenses. One thing we don't have is a college savings account for the kids. My in-laws at some point said they would take care of it if there is an educational need for their grandkids, but I am not sure if that will actually happen, so I am planning to probably have at least enough savings for 50% of their college expenses. Once our rainy day fund is around $60K (sometime this year), I plan to divert anything beyond that to college savings. I come from a relatively poor family. We didn't starve or live on the street, but we couldn't buy just everything we wanted. I remember many times I went to bed pretty hungry bc there just wasn't enough food that day. Not starving hungry, but hungry nevertheless. I could never order what I wanted when we went to a restaurant. My dad was a gambler which came with its own negative financial surprises, mostly for my mom because I was too young to understand. Right now I don't have to think if I can afford whatever food I or my family want from the super market or if we go to a restaurant. If my wife needs something for the house, to organize, clean, whatever; we just buy it. If my kids need something for school, notebooks, pens, additional practice material, books, gifts for friends; we just buy it. We need a new TV for the basement for $300. No problem, Amazon delivers it in two days. Kid's chromebook broke? Replaced tomorrow. I don't have to think if we have the money because I know we do. Now comes the part why I am posting this. It makes me feel guilty to not having to think about everyday expenses. It does not feel normal. I always feel like I must be doing something wrong. I know we make more than most people, but that must mean we live too lavishly. It must be that we don't save enough. I go over our finances all the time thinking we spent too much on groceries; maybe we should move to a smaller house or rent an apartment and rent out our house to pay it off even faster…. In the end I believe I think relatively rationally about this and abandon most of these extreme ideas, but I always have this nagging feeling, what if I am wrong and we are just squandering our money? Edit: Thanks for the replies. I'll look into that book. One thing I should mention, the reason I know we can afford all of those every day purchases is I keep a rough mental account of all our finances in my head. A few years back I was keeping a weekly budget of every dollar we spent for about 2 years. Now I only check on a monthly basis and not as granular anymore, but it gave me a good sense of cash flow in vs out. [link] [comments]  |
| I was served and sued by Midland Credit Management for a debt I owed in California. Posted: 09 Mar 2021 05:06 PM PST I was served on 2/18/21 by Midland Credit Management for a debt of ~$4,000 owed to PayPal Credit. I regretfully held off of taking care of this in denial and hope that it would just go away. I've decided to put my big boy pants on and get a hold of my life. I contacted the department handling my account and negotiated the debt down to ~$3,500 and agreed on paying them ~$1,500 today and a one-time payment of ~$2,000 30 days from today. My question is what should be my next step? I understand that I have 30 days from the day I was served to respond to the summons. How do I respond and what information do I need to provide to the court to avoid a judgment against me? Thank you all in advance for your help. Edit: I negotiated for far less than the terms agreed on but the representative was stern and would not accept any less or payments beyond 30 days. [link] [comments]  |
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