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junar

653 karma · joined May 7, 2019

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junar··on Free IRS-run tax filing pilot to be available in 13 states
"Reasonable cause" is a pretty hard bar to meet. [1]

> The following factors don't generally qualify as valid reasons for failure to file or pay a tax on time:

> Lack of knowledge. You're responsible for knowing or getting advice on how to file returns and pay or deposit taxes on time. This includes filing requirements, deadlines and amounts you owe.

> Mistakes and oversights. You're responsible for making sure your tax returns, payments and deposits are correct and on time. In certain cases, reasonable cause may apply to a mistake if additional facts and circumstances show that you tried to comply with tax law.

A much easier path is first time abatement. [2] Though of course as the name indicates, it can't be used multiple years in a row.

[1] https://www.irs.gov/payments/penalty-relief-for-reasonable-c...

[2] https://www.irs.gov/payments/penalty-relief-due-to-first-tim...

junar··on Free IRS-run tax filing pilot to be available in 13 states
Personally, my pain point is the mail-in Form 8453 that comes with the "summary" option. I'd wish for a PDF upload option instead. At least two competitor products have this capability:

[1] https://www.form8949.com/tto-e-file-attach-work-around.html

[2] https://www.taxact.com/support/21598/2022/e-filing-attaching...

junar··on Free IRS-run tax filing pilot to be available in 13 states
"Interest of $1,500 or less" is eligible according to the announcement.

Dividends and capital gains are not mentioned, and presumably not eligible.

junar··on Show HN: Learn piano without sheet music
Ironically, OP can still upgrade their iPhone 7 to iOS 15. Apple claims that 94% of iPhones are on iOS 15 or later.

[1] https://developer.apple.com/support/app-store/

junar··on Researchers gave 200 people $10k each to study generosity
Research paper: https://journals.sagepub.com/doi/full/10.1177/09567976231184...

Instructions, surveys, and other materials: https://osf.io/h6q4a/

junar··on Florida man arrested after trying to cross Atlantic in hamster wheel vessel
Criminal complaint: https://www.documentcloud.org/documents/23937421-baluchi
junar··on Ask HN: How to handle Asian-style “Family name first” when designing interfaces?
That reminds of an issue with a passenger whose given name ends in the letters "MR".

https://travel.stackexchange.com/questions/149323/my-name-ca...

HN discussion: https://news.ycombinator.com/item?id=21490850

junar··on University of Chicago to pay $13.5M to students for 'price-fixing cartel'
No grad students. No international students. Only students who received some financial aid, but less than the total cost of attendance.

On the other hand, it goes all the way back to students from 2003.

https://fingfx.thomsonreuters.com/gfx/legaldocs/jnpwwwwyypw/...

junar··on Remote work on HN: Who is hiring? – 69% jobs in 2023 are remote
https://www.foley.com/en/insights/publications/2012/08/emplo...

> An employer has no legal obligation to commence an immigration case. ... The employer may lawfully reject the job applicant because, if hired, that individual will ask the employer to take steps before the federal government to obtain authorization to employ him (an employment-based immigration case).

In other words, if you are not currently legally authorized to work in the US, the employer has no obligation to sponsor you for work authorization, and can simply reject you.

> This situation differs from one in which a job applicant has temporary work authorization that is independent of the employer and the applicant does not ask the employer to take on the legal obligation of an immigration case in order to employ him. The employer should not reject the job applicant simply because he has temporary work authorization.

On the other hand, a non-citizen with a green card, EAD, etc. is protected, and refusing to hire because of those documents is illegal.

junar··on Remote work on HN: Who is hiring? – 69% jobs in 2023 are remote
Requiring that an applicant is legally authorized to work in the US is allowed. Requiring that they be a US citizen is not.

https://www.eeoc.gov/pre-employment-inquiries-and-citizenshi...

junar··on IRS moves forward with a new free-file tax return system
That's not the same thing. For the process referenced by your link, the taxpayer would still need to fill in most lines, only leaving a few calculation lines blank for the IRS to finish.

> If you want the IRS to figure your tax. Read Form 1040 or 1040-SR, lines 1 through 15, and Schedule 1 (Form 1040), if applicable. Fill in the lines that apply to you and attach Schedule 1 (Form 1040), if applicable. Don’t complete Form 1040 or 1040-SR, line 16 or 17.

> If you are filing a joint return, use the space on the dotted line next to the words “Adjusted Gross Income” on the first page of your return to separately show your taxable income and your spouse's taxable income.

> Read Form 1040 or 1040-SR, lines 19 through 33, and Schedules 2 and 3 (Form 1040), if applicable. Fill in the lines that apply to you and attach Schedules 2 and 3 (Form 1040), if applicable. Don’t fill in Form 1040 or 1040-SR, lines 22, 24, 33, or 34 through 38. Don’t fill in Schedule 2 (Form 1040), line 1 or 3. Also, don’t complete Schedule 3 (Form 1040), line 6d, if you are completing Schedule R (Form 1040), or Form 1040 or 1040-SR, line 27, if you want the IRS to figure the credits shown on those lines.

https://www.irs.gov/publications/p17#en_US_2022_publink10001...

Also, it comes with several limitations.

> When the IRS cannot figure your tax. The IRS can’t figure your tax for you if any of the following apply.

> You want your refund directly deposited into your checking or savings account ...

https://www.irs.gov/publications/p17#en_US_2022_publink10001...

junar··on Wave of Bay Area tech layoffs may foreshadow something worse
In other words, this isn't a real job listing. If the employer wasn't sponsoring the intending immigrant for a green card, it wouldn't exist in the first place.

The employer already intends to hire the immigrant. In fact, the immigrant may already be working for them on an H1-B or other visa. So it's effectively a job listing that is already filled.

junar··on IRS tests free e-filing system that could compete with tax prep giants
If you're curious why, it's because of the California itemized deduction phase-out, line 29 in the instructions below [1].

CalFile only cares about handling "simple" items. Other notable exclusions [2] are capital gains, health savings accounts, Schedule C, Schedule E, and Roth IRA conversions and distributions.

[1] https://www.ftb.ca.gov/forms/2022/2022-540-ca-instructions.h...

[2] https://www.ftb.ca.gov/file/ways-to-file/online/calfile/calf...

junar··on A small number of companies are colluding to cheat H1B visa lottery, US says
Do you have a source?

I think you're confusing Supplemental Security Income (SSI) with Social Security retirement benefits. Those are two different things.

junar··on A small number of companies are colluding to cheat H1B visa lottery, US says
Yes, the whole point of this list is for non-US citizens. The following brochure provides more details (see in particular page 4 and pages 7-8).

https://www.ssa.gov/pubs/EN-05-10137.pdf

junar··on A small number of companies are colluding to cheat H1B visa lottery, US says
Why do you think this? According to this chart, citizens of India can receive Social Security benefits with 10 years of work.

https://www.ssa.gov/international/countrylist4.htm

junar··on Call on the IRS to provide libre tax-filing software
The IRS has to approve any e-file provider or software. So you can generally assume that any unofficial tools will be unable to e-file.
junar··on A Map of Places in the US with the Same Name
Also, in the Seattle area, "Fremont" likely refers to its Fremont neighborhood, and not, as the map claims, a place in California.

https://en.wikipedia.org/wiki/Fremont,_Seattle

junar··on Stripe faces $3.5B tax bill as employees' shares expire
> However, restricted stock isn’t to be confused with RSUs (restricted stock units). RSUs don’t have the option to elect 83b.

https://www.kinetixfp.com/post/should-you-make-an-83b-electi...

junar··on Woman says she can’t quit job unless she pays employer $47,000
You can eventually get the taxes back, though it might take a while.

Your former employer should take care of the FICA part after you repay them. For federal income tax, you'll claim a tax credit when you file your return according to "Repayment over $3,000" under IRS Pub 525. State income tax may have a similar process, though it can vary depending on the state.

https://www.irs.gov/publications/p525#en_US_2022_publink1000...

junar··on Amazon to Lay Off over 17,000 Workers, More Than First Planned
* Come to the US as an H-4 dependent of H1-B parents

* Age out at 21: H-4 no longer valid, green card process delayed because of country-specific quota

* F-1 student visa gives you a few more years, but still no path to residency

https://www.npr.org/2021/08/01/1023393351/documented-dreamer...

junar··on School of Quant: At $29,000, a Public NYC College Outclasses Princeton
I feel like the headline glosses over some details. The article is about one extremely small [1], highly selective masters program, not the much larger undergrad population at the school.

> Baruch’s financial engineering course is ... also extremely hard to get into. The acceptance rate for the ’23 crop of 25 students is roughly 8% — similar to the one for a traditional two-year MBA at Wharton. These days, more and more Baruch MFEs are coming from overseas. Ten years ago, most Baruch students studying to be financial engineers were American, many from New York. Now, the majority are from China, with some coming in from countries including Switzerland and Russia, Stefanica says.

> Virtu [a big high-frequency trading firm] interviews a lot of people, Drake says, but Baruch stands out. “We turn down people with high GPAs from Stanford, Harvard, MIT,” he says. “Baruch’s program is so selective, they do a lot of the filtering for us.”

[1] Looking at the 5 most recent years of data, the largest class is 40 students. https://mfe.baruch.cuny.edu/admission-data/

junar··on CS 007: Personal Finance for Engineers
Stanford has pretty generous financial aid for those that need it:

https://www.cnbc.com/2019/08/19/stanford-is-no-1-on-our-list...

junar··on Twitter’s mass layoffs have begun
Advance parole is the permission to leave and re-enter the US while your green card application is pending. USCIS is pretty backlogged right now, so getting anything approved, including advance parole, can take longer, which leads to bad experiences like this one.

https://www.cbp.gov/travel/us-citizens/advance-parole

junar··on Treasury Sold $3.4B in I Bonds This Week as Investors Rushed to Get 9.62% Rate
You're only completely locked in for the first year. From year 2 through year 5, you can cash in at any time, but lose the last 3 months of interest. After that, you're free to cash in whenever without penalty, or it will be automatically cashed in after a total of 30 years.

https://web.archive.org/web/20221028091214/https://www.treas...

(I'd link to TD directly, but it looks like it's being hammered right now.)

junar··on Meta stock price drops more than 20%
> The default is something like 25%

Default withholding has been 22% now for a few years. I bring this up because the gap between default withholding and the higher marginal rates has widened compared to the years it was at 25%.

> Yet, base comp tends to be withheld at marginal rates

To clarify, default withholding on base pay uses your bottom tax rates. It assumes you have no other income, so it will calculate based on standard deduction, 10%, 12%, then working upwards. So I wouldn't use the word "marginal" to refer to base pay because most people understand that as their top tax rates.

This means that for bonus, stock, and other compensation, it's reasonable to increase withholding to reflect the top tax rates.

> most folks’ effective tax rates

A bit of an aside, but I'm not a big fan of the idea of "effective tax rates". It's not a term the IRS uses, but something that tax software companies like to push for whatever reason. You also can't do much with it in practice: regarding withholding, it's not useful and potentially confusing.

junar··on I help seniors with technology issues
Yeah, so Sidecar is free for owners of recent-ish iPads and Macs.

https://support.apple.com/en-us/HT210380

Luna Display is a more premium option.

https://astropad.com/luna-display-vs-apple-sidecar/

junar··on Reverse Engineer’s Perspective on the Boeing 787 ‘51 days’ Directive
Please add (2020) to the title.
junar··on Show HN: The iPhone 14 Index
Apparently that exchange rate isn't real.

https://www.reuters.com/markets/us/cuba-more-than-quadruples...

junar··on IRS will look into setting up a free e-filing system
Also, it sounds like brokers are somewhat to blame, because they made comments to the IRS opposing additional reporting for stock compensation:

> ... commenters asked that there be no change to the Form 1099-B to reflect compensation status or, alternatively, that using the indicator be permitted, but not required. These commenters indicated that compensation information is not accessible to most brokers, and extensive reprogramming for both the underlying database and the reporting process would be required. The commenters also expressed concerns that, in many situations, a broker would have to accept customer-provided information in order to track the compensation-related status.

> The lack of a mechanism to communicate whether the basis of stock has been adjusted for the exercise of a compensatory option coupled with a system involving discretionary broker adjustments for compensatory options would, however, be unworkable.

> A broker may not increase initial basis for income recognized upon the exercise of a compensatory option or the vesting or exercise of other equity-based compensation arrangements, granted or acquired on or after January 1, 2014.

https://www.federalregister.gov/documents/2013/04/18/2013-09...

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