There are ways that a tax refund
can actually increase your debt load.
Advocates have compared rapid refund
loans to other "predatory services" like high-interest payday loans.
At trial, the IRS argued (and the district court agreed) that the prescribed period applicable to the delinquent tax return should apply to the refund
claim, invalidating the mailbox rule.
is in the midst of a multiyear campaign to educate Europe-bound American shoppers about the existence of VAT.
The moral of the story is to look before you leap when you get the refund
check in the mail.
Then it had filed amended returns and had requested refunds
In that case, the Court held that a State may not "reconfigure its scheme, in midcourse" -- to "bait" taxpayers into believing that a refund
remedy exists, only to "switch" later by claiming its inapplicability.
He stated that the general rule is that the party who had made the actual tax payments is entitled to receive any refund
of that tax.
The estimated amount, however, may not reflect pre-tax retirement deductions, or money withheld for child support or taxes and the taxpayer will have to pay the full amount estimated on the pay stub whether or not the refund
is large enough to cover the cost of the loan and fees.
However, if the only obstacle to a refund
is an unresolved contingency, the protective claim could specify an exact refund
amount and also contain all of the other information that would be included on a regular claim for a refund
Davis said the $9 billion refund
total was compiled by the California Independent System Operator, which runs the state's power market and grid.
Employees who previously paid taxes on EABs now can get refunds
for federal income taxes paid in 1995 and Social Security and Medicare taxes paid in 1995 and 1996.