Tax time 2020

[ejp626]

I realize this can get political very quickly, but I am wondering who is going to file their taxes next week, despite the filing extension (in the US and Canada and likely elsewhere).

I buckled down and did my US taxes (and about half my Canadian taxes) this evening.  I'm supposed to get a bit of a return, so I'll definitely be mailing that off on Tuesday.  (Due to their complexity, I unfortunately cannot file electronically. )

No question that next year's taxes will be completely bonkers, particularly if we are in a bit of a lull and the governments are trying to figure out how to pay for the shutdown and its aftermath (and yet not trigger another recession).  But that's another story for another day...

[sidewinder]

I remember the mania of the annual Canadian tax returns, big rushes to get RRSPs etc. Don’t miss it !

Over here, the PAYE system means no annual filing for most permie employees.

Edited April 11, 2020 by sidewinder

[ejp626]

I actually filed 2 UK returns. In one case, they made me send in the balance owing of roughly 10 pence! (No rounding back then, maybe it's changed.)  And I think they wanted it by cheque, though I may be misremembering that part. I do remember being outraged at the waste of effort.

For those that haven't seen them yet, the 2019 tax forms are much closer to 2017 forms (only 3 extra schedules compared to 6 in 2018!).

[Brad]

I have an accountant who does ours and they will be filing during the extension period. 

[jlhoots]

Ours is already filed.

[felser]

I filed my daughter's federal (she gets a refund) and state, and our state what now seems like a long long time ago (though it's probably only about six weeks ago).  I am waiting for towards the end of the extension to file our federal, as we usually owe a good bit by design (I keep my witholding $ on each paycheck low - I'd rather have the feds give me an interest-free loan than for me to give them an interest-free loan each year).