The IRS Audit Blog

Posts Tagged ‘IRS Refunds’

Question: Why is the IRS delaying tax refunds just because you have earned income credit?

Did my taxes on the 22nd, paid for (RAL)takes 1day.I get a call from JH. saying that my return will not be back in the 1day agreed upon.And that they didn’t know when we would get it.It was not a JH, thing and not a Bank thing. It is an IRS thing. That some people will not get there refund because of the overwelming amount of people with earnd credit. So what are we paying JH for? Why am i still being charged for a (RAL) if i’m not getting one!

Answer: Ignorance is expensive.

So what are we paying JH for? Why am i still being charged for a (RAL) if I’m not getting one!

Didn’t you read the CONTRACT you signed? No? Too bad.

You’re getting hosed in a number of different ways.

EIC can be delayed because of the high incidence of fraud related to the EIC. Poor people having babies…..not a good combination.

That’s life.

Some tax firms use loophole to grab money from poor

Rent-to-own stores offer a pricey way to buy goods, but there are equally costly ways for low-income consumers to borrow money.

Tax refunds delayed for some using online service TAXBRAIN.COM NBC12

Question: Should I file taxes jointly when my Wife didn’t file her income taxes for years?

I am recently married and my wife filed her taxes for the first time last year (we were not married then) and she was suppose to get a refund but the IRS took 90% of her return back.

If I file jointly with her this year, will the IRS take my money as well? How do I know that the 90% they took is all she owed the IRS?

How can I get my maximum refund but not be in jeopardy of losing it? I reside in New York City by the way.

Answer: you could always file seperately, even while married. Maybe that will help

East Coast Digs Out From Record Snow

The beleaguered mid-Atlantic will now resume digging out after logging 3 feet of snow in a week. The second major storm within days roared through the region Wednesday, leaving a fresh blanket from Washington to New York.

News Minute 11.05

Question: So if I put myself as dependent and the money that turbo tax says I’m getting back is going to be $449….

am I going to get that money back, or are they going to give me nothing because I’m dependent and my parents claimed me in their taxes? Also, am I going to owe the IRS any money out my pocket for taxes or did they already take care of that by taking out $156 from $605?
This is my 2007 W2 Tax Return
Taxable Income
Adjusted Gross Income $6,902
Less: Standard Deduction $5,350
Less: Personal Exemptions $0
____________
Taxable Income $1,552
Taxes and Credits
Income Tax $156
Payments
Federal Tax Withholding $605
Estimated Payments $0
____________
Total Payments $605
____________
Net Refund $449

Answer: Looks like you did it correctly…you never claimed yourself. The 449 is your refund.

Prepare to get your share

WASHINGTON — More forms to file. New and expanded credits and deductions.

Sample 1040EZ for Married Couple (Combat Pay)