Getting a Schedule C, Is it normal for check to be slow?

Question

I have one job, and one W2. But my tax guy is helping me get a Schedule C so that I can do sidework.

My wife had three W2 forms and we both filed on the same day with the same guy. She got her state and fed return within 5 days and we both have direct dep into the same account.

Does the Schedule C slow mine down? or is there another step Im missing?

Her name is not legally changed yet, and we were not married in 2006.

I suppose the Sched-C is for my side work in 2006 then, and he's preparing my Tax ID to be linked to a business name or something like that. He's a good guy. Ex Fed Marshal, PI and Federal Tax Evasion Specialist.

Answer 1

First of all, why are you filing separately? You would probably be better off filing jointly unless there's some legal reason you can't do so.

As for the Schedule C, that's just another tax form that's attached to your 1040 Form. It's for self-employment income. You don't need a Schedule C to do sidework, you just use the form to report the income earned from sidework when you file taxes.

Not sure what's causing your delay. The fact that you filed separately could be causing closer scrutiny, or your Schedule C could be the cause. Why not call the IRS refund hotline and get an update on the status of your refund?

Answer 2

Your tax guy is getting you a schedule C so you can DO sidework? That doesn't make any sense - a schedule C is what you file with your tax return AFTER you've done the sidework. And it takes a little extra time to prepare your return, but shouldn't slow down your refund unless something is questioned. And unless you have many and complex business expenses, the extra time to prepare the schedule C and SE for your return should be under half an hour, probably under 15 minutes if he's using tax software, and I can't imagine that any professional preparer isn't using software.

Was yours actually filed the same day? Your tax preparer should be able to tell you that. If you both signed them the same day, then they were already done, so should have been filed at the same time.

Assuming that the returns were efiled, the tax guy should be able to tell you if he got acknowlegement on both, and when he got them, which would mean your refunds would come at the same time unless something was questioned.

For federal you can check irs.gov "where's my refund" to see its status.

I assume that you have a good reason for filing separately from your wife rather than a joint return. If your tax guy suggested separate filing just because of the sidework, he's just gouging you for the second return.