Tag Archives: refund

Still Waiting on Your Tax Refund?

By the time you read this article, you should have that interest free loan that you gave to Uncle Sam returned to you via your federal tax refund. This assumes that you filed your tax return on time, and that … Continue reading

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Refund News: Some Good, Some Bad

The Good The IRS is sitting on $917 million in refunds for people who haven’t yet filed their 2009 tax return.  They made the announcement today via IRS Newswire.  See IRS Newswire Issue Number IR-2013-29.  If you’re wondering why they waited … Continue reading

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Wal-Mart and the EITC

The Earned Income Tax Credit (EITC) is a refundable federal income tax credit that was first offered to taxpayers back in 1975 to help prevent low income families from slipping into poverty.  EITC can mean tax relief (lower taxes) for … Continue reading

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Facebook’s Tax Refund

News that Facebook would be receiving a $429 million tax refund was of course misinterpreted by the general public.  The consensus among those who just don’t understand the complete story is that a company as profitable as Facebook should never … Continue reading

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“Where’s My Refund?” v. 2.0

Even with all the shenanigans this year* the IRS decided to upgrade the “

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Truncated Tax ID Numbers

Many people wait with some anxiety for their income tax refund check around this time of year.  If you get a big refund then you, in essence, have given the government an interest free loan all year.  Still, many taxpayers overpay … Continue reading

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State of California Holding $14 million in Tax Refunds

In these dismal economic times, so many hard-working citizens have tax debt up to their eyeballs and are desperately seeking tax relief.  It’s hard to believe there are taxpayers out there who let their refund go unclaimed or who don’t notice when it doesn’t … Continue reading

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Three Projects for the New Commish

Forbes contributor Stephen Dunn recently blogged about the challenges facing the presently-unnamed IRS Commissioner.  He identified three problems that he feels should be given serious attention once the new commissioner takes office. 1. IRS practioners need a more efficient way to get their hands … Continue reading

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IRSAC 2012 Report, Part II

Identity theft is another prevalent issue for the IRS and another topic that the IRSAC has attempted to address in its report.  But I don’t think their recommendation for curbing identity theft would be popular with most taxpayers who (mistakenly) see … Continue reading

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The Dangers of the Split Refund Option

TIGTA has sniffed out another serious IRS problem.  The latest TIGTA report expresses Treasury’s concern with the administration of direct deposit refunds by the IRS.  More taxpayers than ever are taking advantage of this option because it is the most … Continue reading

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