The Daily Parker

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A good public-private partnership

I just spent 15 minutes on TaxAct preparing and filing Punzun Ltd.'s 2024 taxes. It helps that it's an S-corporation and made almost no money last year, but still.

Intuit still doesn't have the Schedule K-1S part of TurboTax ready, however, so I can't file my personal taxes yet.

For those of you in countries with reasonable ways of doing things, I want to file my personal taxes because I overpaid all year, and the government owes me a non-trivial chunk of money. In order to do that I needed to file Punzun Ltd.'s taxes to get the form declaring how much I made from Inner Drive Technology. In your country, I'd bet the government does all this for you, don't they?

Comments (1) -

  • David Harper

    1/7/2025 8:10:50 PM +00:00 |

    A few years ago, I inadvertently overpaid around £250 in income tax. HMRC wrote to notify me of this in early summer, a couple of months after the end of the tax year, and asked how I wanted the refund: by cheque or by direct payment into my bank account. The latter was much more convenient for me, so I logged into my taxpayer account at the HMRC web site and gave my bank details. A week later, the money dropped into my account.

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