Tax Refund Returns
Question: How long does it really take to get an amended Tax Refund?
I filed my taxes about a month ago and already got my refund back. Hoewever, I didn’t claim my tuition and had to do an amended tax return. I couldn’t e-file the amended tax return so I had to mail it in. I did this about a week ago. I checked the IRS website and they said it could take anywhere 8-12 weeks to process amended returns. My question is, does it really take that long? Has anyone on here had to do that? How long did it take to get your refund?
Answer: I filed an amended return for 2008. I mailed it in on 12-28-09 and was quite surpised when I got my check for the amended return 6 weeks to the day. I had called the IRS to check on it at about 4 weeks and they had no record of it yet so I didn’t expect to receive it for a long time since they are into the current tax season. The man I spoke with said at least 12-16 weeks so there is hope!
IRS Plans to Stop Underwriting Tax-Refund Loans for Banks Over High Rates
The U.S. Internal Revenue Service said it will stop electronically underwriting Tax Refund Loans made by banks including HSBC Holdings Plc and Republic Bancorp Inc. that lawmakers and consumer groups say carry unfairly high interest rates.
IRS TAX TIPS: TOP RETURN MISTAKES (ASL, CAPTIONS & AUDIO)
Tax Filing Address
Question: W-2 Form -tax question; address wrong?
Just received my w-2 form for filing taxes, and noticed that they put my employer’s address as my address. I usually file on the internet, will this be a problem at all?
Answer: It should not be a problem, just make sure to use your current address when you input your information , You might want to bring this to the employers attention to make sure it is corrected in the future.You will need to refile a W4 with the employer to make sure the change is input
Man indicted on charges he stole local resident’s identities to commit tax fraud
Arroyo Grande police officers say a local man accused stealing the identities of Central Coast residents has been arrested and charged in federal court. Officers say 62-year-old Grover Beach resident Neil Thomsen was arrested while crossing the border from Mexico into the United States at the San Ysidro Port back in June. He was charged with 34 counts of filing false claims for tax refunds in …
Tax Tips: Discover why refi or a drop in your home value can slash your mortgage interest deduction
Free Tax Filing Services
Question: Whats the best FREE tax service? State and federal.?
Me and my wife made 28,000. I already know about the free file search on the IRS web site, just wanting to know the best company to trust!
Answer: I’ve used Block’s Tax Cut for the last 4 yrs.
It’s easy to use and I’ve never had my information sold or sent spam.
Turbo Tax is also a safe bet. Although, any service that is partnered with the IRS Free File is safe and secure.
For your state return, depending on your state, it may cost extra. But you can always go to your state’s dept. of revenue/taxation and e-file for free. I do.
Freyberg files to serve his new city
Former Mankato City Councilman Bob Freyberg,has filed to run for a spot on the North Mankato City Council.
Congressman Reichert Promotes Free Tax Filing Service (KOMO 4 news)
Efile Tax Refund Schedule
Question: Is the IRS going to start issuing tax refunds on January 23rd?
I know their website says the first ones go out on January 30th, but I heard that in the past they’ve always started about a week earlier than scheduled. Does anyone know if this is true?
Also, on efile.com they have a schedule saying that if you filed by January 16th, you can expect your direct deposit by January 26th (which is a Monday) – which is also a different date than the IRS schedule. Any truth to this rumor?
Thanks for your help, and good luck to everyone waiting for their refunds!!
Answer: I did taxes last year and they did have a habit of depositing earlier. I checked with the IRS on Monday and was told that the deposits can start as early as the 26th depending on when you e-filed. So it is possible and more over probable to expect early deposits. The IRS use to only deposit/mail checks out on Fridays, or so i was told, but as of the last few years, they have started a random deposit. Wedensdays and Fridays were done last year. Good luck to you too.
How To eFile Your Taxes for a Faster Tax Refund
Filing Tax Late
Question: Are there fees for filing taxes late?
I finally recieved my last W2. Hottopic Indust. gave me the run around, but I finally have all 3. My dad does our taxes and I’m not sure if he filed for an extension or is just going to submit them late. Does this make a difference? What kind of late fees should I expect? Does me turning in my taxes late affect my rebate eligibility?-Thanks guys!
AND if I don’t owe taxes (if that’s even possible) do I still get penalizied?Answer: 3rd answer’s a charm…consider this an addendum to those answers.
If you owe taxes, you will have a late payment penalty, even if you did file an extension. The late payment penalty by itself is 1% per month. That is not nearly as stiff as the 5% penalty per month you will be charged if you owe taxes and didn’t file an extension.
Nonprofits warned that tax-exempt status in jeopardy
Thousands of organizations across the state, and across the country, are at risk of losing their tax-exempt status, according to recent report put out by the Internal Revenue Service.
File IRS Tax Extension & Filing Income Taxes Late – Boulder CO