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One thing I haven't seen mentioned yet - make sure you're also filing an FBAR (FinCEN Form 114) if the total of all your foreign accounts was over $10,000 at any point during the year! That's separate from your tax return and has a different deadline.
This is so important! I got hit with a huge penalty for not filing FBAR even though I reported all my income correctly. The FBAR deadline is actually April 15 now, same as taxes, but with an automatic extension to October.
Just a quick note about physical presence test - if you're trying to qualify for the Foreign Earned Income Exclusion, you need to be physically present in foreign countries for at least 330 days in a 12-month period. Some digital nomads mess this up by spending too much time back in the US. Keep good records of your entry/exit dates!
Has anyone checked with the school's financial aid office? Sometimes they can explain exactly what the Box 6 adjustment is for. My son had this issue and when we called the university they told us it was because a grant that was awarded late in the year was actually meant for the previous academic period, so they had to adjust the reporting.
Great point! I actually did this for my daughter and they were super helpful. They printed out a detailed breakdown of all her financial aid by semester and explained exactly why they had to make the adjustment. Saved me a lot of guesswork.
That's good to hear! Financial aid offices deal with these forms all the time, so they're usually pretty good at explaining what each box means. One thing I learned is that different schools handle these adjustments differently, so it's always worth checking with your specific school. Sometimes they can even provide documentation that explains the adjustment, which is helpful if you need to file an amended return or if you get questions from the IRS later.
Friendly reminder that the deadline for filing amended returns is generally within 3 years from the date you filed your original tax return. So if this Box 6 adjustment relates to a 2022 form and you filed in April 2023, you have until April 2026 to file an amended return. Don't panic about rushing to fix it immediately if you need time to figure out the correct approach!
Thanks for mentioning this! We filed last year's return in February, so it sounds like we have plenty of time to figure this out. Would you recommend filing the amendment before working on this year's taxes, or should we finish this year's taxes first and then go back to amend last year's?
I'd generally recommend completing your current year's taxes first, then circling back to the amendment. This way you have a clear picture of your current situation before making changes to past returns. Just make sure to keep good notes about what you need to amend while it's fresh in your mind. Write down the exact adjustment needed and set a reminder to come back to it after tax season. Many people intend to file amendments but forget about it once the immediate tax deadline passes.
You should immediately pull your credit reports too! I had the same issue last year and discovered the tax return was just the beginning - the identity thief had also opened credit cards in my name. Go to annualcreditreport.com (the official site) and check all three bureaus. If you see anything suspicious, place a fraud alert or credit freeze right away. Also, check if your employer, accountant, or any financial services you use had data breaches recently. In my case, my information was leaked through my previous employer's payroll provider.
That's actually really helpful - I hadn't thought about checking my credit reports. Did you end up placing a credit freeze? I'm wondering if that's overkill or a smart precaution at this point.
I absolutely did place a credit freeze with all three bureaus (Equifax, Experian, and TransUnion). It's free to do, and you can temporarily lift it whenever you need to apply for credit. In my opinion, it's not overkill at all - it's basic protection. After dealing with the nightmare of clearing up the fraudulent accounts that were already opened, I wished I had frozen my credit years ago. Just remember that each bureau requires a separate freeze request, and make sure to keep the PINs they give you for when you need to unfreeze.
Has anyone mentioned that your accountant might have accidentally filed your personal return? This happened to me last year - my CPA had my 2022 return ready for review, but somehow it got e-filed before I approved it. When I tried to file my actual return, I got the same error code. Might be worth checking with them if they prepared a draft that got submitted by mistake.
This happened to me too! My accountant had a new assistant who thought she was supposed to e-file all the prepared returns in the system, including mine which was just a draft. Took months to sort out because I had to file an amended return even though I never approved the original. Definitely check with your accountant before assuming identity theft.
Just to add another data point - I paid my taxes with a credit card last year to hit my Amex Platinum bonus. My accountant marked "will not submit payment with return" and then I went to IRS.gov and used their approved processor links. I used Pay1040.com which had the lowest fee at the time (1.87%). The whole process took maybe 5 minutes. Just had to enter my SSN, tax year, payment amount, and card info. Got an email confirmation right away. No issues at all and my tax transcript later showed the payment posted correctly. The bonus points were definitely worth the processing fee in my case.
Did you have to tell the IRS anything about using the credit card payment processor, or do they automatically match the payment to your tax account?
They automatically match the payment to your tax account based on the SSN and tax year you enter when making the payment. You don't need to notify the IRS separately or reference anything specific from your return. The payment processor sends all the necessary details to the IRS with your payment. When I checked my tax transcript a few weeks later, it showed the payment properly applied to my account. The whole system is designed to work without any additional steps needed from you.
Omg I almost made a huge mistake with this exact situation last year! My tax guy told me to write my credit card number ON THE TAX FORM!!! I was like hell no and did some research. Found out the IRS NEVER wants your actual card number on tax forms!! That would be a security nightmare. What you do is file your taxes normally, then go to IRS.gov, click the "Pay" button, and it gives you links to the official payment processors. I used ACI Payments Inc and it was super easy. Yes the fees kinda suck (I paid like $90 on a $4500 tax bill) but I got enough points for a free flight to Vegas so totally worth it lol
This is helpful! How long did it take for the payment to show up in your IRS account after you paid through the processor?
NeonNebula
I'm a tax preparer (not a CPA) and I can tell you this is completely unacceptable behavior. Every client has the absolute right to review their return before filing. In fact, we're required to get your signature on Form 8879 to authorize electronic filing, which specifically means you've reviewed and approved the return. Your CPA might be overwhelmed during tax season, but that's no excuse. Insist on seeing your return or find someone else, even if it means filing an extension. Better to file later with an accurate return than file on time with errors you never got to check.
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Isabella Costa
•What's the deadline for filing an extension? And does filing an extension mean I can avoid penalties if I end up owing money?
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NeonNebula
•The deadline for filing an extension is the same as the regular tax deadline - April 15th (April 18th for 2025 due to the weekend and holidays). Filing Form 4868 gives you until October 15th to submit your actual return. An extension gives you more time to file, but it does NOT give you more time to pay. If you'll owe taxes, you should estimate and pay that amount when you file the extension to avoid penalties and interest. If you're getting a refund, there's no penalty for filing after the deadline even without an extension (though you'd be delaying your refund).
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Ravi Malhotra
After reading all these comments, I called my CPA's office and clearly stated "I need to review my return before it's filed as is my legal right." The receptionist put me on brief hold, then came back and scheduled a time for me to come in tomorrow. Sometimes being direct and stating it as a right rather than a request makes all the difference. Thanks everyone for the confidence to push back on this!
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Freya Christensen
•Good for you! Let us know how it goes. I'd be curious to hear if they try to rush you through the review or if they actually take the time to explain everything properly.
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