Granted we filed for an October extension… but we still have no ruling on our 2022 submission. My accounting firm says that the delays they're seeing with clients are unprecedented in the last 40 years they've been in business.

Stive said:

---

It's a massive issue with the IRS right now and if you've had it happen to you or someone you know, you'll gladly take a couple of weeks delay for them to (hopefully) get it right. And while I know the government is full of waste, if they can implement a way that keeps/reduces thieves from stealing even more tax dollars, I'm all for it.

This is going to become a bigger and bigger issue for any institution dealing with money. The 25 million dollar Hong Kong theft that came out recently shows just how difficult this thing is getting for the organizations.

https://josephsteinberg.com/scammers-steal-over-25-million-by-using-ai-deepfake-video-call-to-convince-suspicious-employee-that-a-phishing-email-is-legitimate/#:~:text=Scammers%20stole%20over%20%2425%20million,sent%20to%20him%20via%20email.

---

That's wild. I hadn't thought about this implication.

htxag09 said:

---

Another reason to plan your taxes so you aren't getting a large refund....

---

True. Switched jobs so overpaid SS tax. Somewhat unavoidable.

Stive said:

---

It's a massive issue with the IRS right now and if you've had it happen to you or someone you know, you'll gladly take a couple of weeks delay for them to (hopefully) get it right. And while I know the government is full of waste, if they can implement a way that keeps/reduces thieves from stealing even more tax dollars, I'm all for it.

This is going to become a bigger and bigger issue for any institution dealing with money. The 25 million dollar Hong Kong theft that came out recently shows just how difficult this thing is getting for the organizations.

https://josephsteinberg.com/scammers-steal-over-25-million-by-using-ai-deepfake-video-call-to-convince-suspicious-employee-that-a-phishing-email-is-legitimate/#:~:text=Scammers%20stole%20over%20%2425%20million,sent%20to%20him%20via%20email.

---

Did any other employee see this video call? If they haven't caught the scammers, it's possible the employee was in on it. I realize AI can make it seem real, but I'd still be skeptical that the employee helped orchestrate it if I were that company.

khkman22 said:

---

Stive said:

---

It's a massive issue with the IRS right now and if you've had it happen to you or someone you know, you'll gladly take a couple of weeks delay for them to (hopefully) get it right. And while I know the government is full of waste, if they can implement a way that keeps/reduces thieves from stealing even more tax dollars, I'm all for it.

This is going to become a bigger and bigger issue for any institution dealing with money. The 25 million dollar Hong Kong theft that came out recently shows just how difficult this thing is getting for the organizations.

https://josephsteinberg.com/scammers-steal-over-25-million-by-using-ai-deepfake-video-call-to-convince-suspicious-employee-that-a-phishing-email-is-legitimate/#:~:text=Scammers%20stole%20over%20%2425%20million,sent%20to%20him%20via%20email.

---

Did any other employee see this video call? If they haven't caught the scammers, it's possible the employee was in on it. I realize AI can make it seem real, but I'd still be skeptical that the employee helped orchestrate it if I were that company.

---

This is what I thought. Worst that could happen to the employee for getting "duped" if they can't prove he was in on it is he gets fired.

Another consequence of open borders… more identity theft.

92Ag95 said:

---

htxag09 said:

---

Another reason to plan your taxes so you aren't getting a large refund....

---

True. Switched jobs so overpaid SS tax. Somewhat unavoidable.

---

Reducing your withholdings to adjust for items like this is a good strategy.

bmks270 said:

---

Another consequence of open borders… more identity theft.

---

um. you do realize there are other ways to steal identity electronically? it isn't just stealing letters from your mailbox.

rme said:

---

92Ag95 said:

---

htxag09 said:

---

Another reason to plan your taxes so you aren't getting a large refund....

---

True. Switched jobs so overpaid SS tax. Somewhat unavoidable.

---

Reducing your withholdings to adjust for items like this is a good strategy.

---

1.) I've personally never seen a way for my payroll to adjust FICA withholding based on what I've already paid at another job.

2.) I don't think it's wise to under-withhold your Box 2 federal income tax because you're over-withholding Box 4 FICA tax. You could find yourself on the hook for an under-withholding penalty this way.

TriAg2010 said:

---

rme said:

---

92Ag95 said:

---

htxag09 said:

---

Another reason to plan your taxes so you aren't getting a large refund....

---

True. Switched jobs so overpaid SS tax. Somewhat unavoidable.

---

Reducing your withholdings to adjust for items like this is a good strategy.

---

1.) I've personally never seen a way for my payroll to adjust FICA withholding based on what I've already paid at another job.

2.) I don't think it's wise to under-withhold your Box 2 federal income tax because you're over-withholding Box 4 FICA tax. You could find yourself on the hook for an under-withholding penalty this way.

---

You can't adjust FICA, adjust your federal withholdings. It all gets comingled on your return.

For example, if you forecast your taxable income for a year results in a tax liability of $24,000, you can adjust withholdings so that's the total at the end of the year. It's been a while since I've done this, but I used to set withholdings as married with 99 dependents (driving withholdings to zero) and then add in $1,000 (semimonthly pay periods) as "extra withholdings".

Payroll would sometimes whine, but the IRS only cares that you pay what you owe.

The current W-4 may provide some additional options or restrictions.

For item 2, the risk is very small to non-existent. I'm pretty sure (as in I've done this a few times) underwithholding doesn't even apply in this case because the IRS still gets its money. If there is an issue, worst case is you've under withheld <$10,000 and they charge you a small interest penalty. Just make sure you meet the minimum tax payment/withholding requirements (what you paid last year or 90% of current obligation) and you'll be fine.

Someone filed a fraudulent return in my name in 2015. It was easy to resolve because I submitted a return showing I owed money. I think I've received one refund in the last 30 years.

bmks270 said:

---

Another consequence of open borders… more identity theft.

---

There's no need to be within U.S. borders to steal an identity and submit a fraudulent tax return. Tons of these scammers operate in Eastern Europe, Asia, and Latin America having never set foot here. This is downstream of shoddy cybersecurity and organizations getting hacked and ransomwared.

Ahh, I think you're right. The excess FICA should wash out on Schedule 3…

I would much rather the IRS do a fraud check than just issue refunds without any delay.

Certain red flags trigger the IRS to put eyes on the file before the refund is sent. These include certain credits (EIC in particular) and large refunds. if you fell in one of those categories, then likely the IRS is putting eyes on your return to see if what happened was reasonable considering your history.

Not an audit by any means, just making sure someone didn't steal your info and claim 42 kids.

I live in Utah, while I owed a bit for Federal, I have a small(under $100) state refund, I filed a few days ago and checked on the state website for status of refund, I got a message saying it could take up to 12 weeks before refund is issued due to Identity Theft checks.