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.
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
Unless the Court mandates meaningful relief -- the immediate refund
of the unlawfully collected taxes -- the States will continue to have an incentive to contort their statutes to deny relief for taxpayers deprived of their property.
The lessee claimed that it was entitled to the recovery of the tax refund
since the owner would be unjustly enriched at lessee's expense if the owner received the refund
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.
But there are many property owners that accepted an offer of reduction at the end of last July that still don't have a remission letter - an official document issued by the Tax Commission necessary to apply for a refund
and to show lenders so they will change the escrow requirements of the property.
Under current law, the Internal Revenue Service is not required where the refund
is paid within 45 days of the filing of the taxpayer's original return (or the due date of the return, whichever is later).
Protective claims are commonly filed when a taxpayer's right to a refund
is contingent on future events (such as pending litigation or an expected statutory or regulatory change) that will not be resolved until after the statute of limitations (SOL) expires.