Has anyone been asked for 2012 taxes AND they owed money?

[Mike_B03]

Finally was able to talk to the business tax department and the 2012 business taxes have been processed. They were submitted Feb. 13th and there was a $0 balance due (we are an S-Corp and profits get passed thru to the owners, so the Form 1120S is always a $0 balance). They are going to fax me transcripts so I have them.

[Mike_B03]

Update:

Our 2012 personal taxes have been processed and transcripts are available! Last week when I called on Thursday, they had not been processed yet and I was told to call back Monday but I ended up just checking the status online and they are available. One less thing to worry about. We e-filed 03/24/2012 BTW.

[tooleman694]

Are you in UW yet.

[Mike_B03]

Tomorrow...they need my Profit & Loss for Jan - April and April bank statement which closes today so I'll send those over tomorrow and then it's being submitted to UW. There will be a new thread.

[tooleman694]

Wow so your are like just a couple days away from conditions if you get any.

[fdiggy]

Wonder how you got them back so fast, i efiled Jan 30th. Still not ready.

[fdiggy]

Maybe because you paid yours, im planning a payment plan.

[getmycreditright]

I'm a little on edge right now. My LO had a problem with requesting my 2011 & 2012 transcripts and they were able to put in the request today. Apparently, my old tax preparer who did my taxes from 2006-2011 did not update my address for 2011 and used my 2010 address (I live in a different place), so that caused a delay. I'm hoping the transcripts will come in before our closing on the 15th. We already got our 2012 refund, so I'm hoping our transcripts will be sent soon. I really hope we don't have any last minute issues. Our LO said this was the last thing they needed before issuing final approval.

[fdiggy]

Yours are processed so just a matter of copies coming over, i think that takes 5 days.

Every one wondering why they get conditions that seem repetitive, this is really why i think is giving time for transcripts rather than say you have to wait on the IR$ to assure us you didnt lie to us about income.

[Mike_B03]

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@fdiggy wrote:

Maybe because you paid yours, im planning a payment plan.

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Yea that's probably it, the taxes where money is owed are probably put at the back of the file so they can get through all the ones that are owed a refund or that a payment was paid toward.