Tax Refund Tuition
Question: When is the end of year tax statement available on mypay?
I start school on Jan 14th – which is when tuition and fees are due. I’m in the military, but because of my choice of university I’m deciding to attend – they will not pay my tuition up front. I first have to pay for the semester and then they reimburse me. The problem is: I will not have that amount of money up front. I was hoping my Tax Refund will help me out. So how soon can I file my taxes to have that money available to me?
Answer: I doubt that you will have your money by Jan 14. Electronic filing of your tax return will most likely not be available by that time, and sending in a paper return will probably take couple of weeks to process it and the refund.
TAKE 5
Companies wont be sending out the W2 forms needed to complete income tax returns until next month, but the time to start preparing for tax season is now. With only a few days left before the clock runs out on 2009, there still may time to take action to reduce tax liability, said certified public accountant Bob Miller, a director of the Maner Costerisan accounting firm in Lansing. Its time to …
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