Posts tagged as:

refund check

The Month After: Refund Status, Lost Checks and Tax Planning

17 May 2011

Tomorrow (May 18) marks exactly one month after Tax Day 2011. I know, just a month, right? It feels a lot longer to those of us in the tax profession. This is about the time that many folks start peering at their bank balances and wondering where the heck their refund checks are. If you’re [...]

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Ask the taxgirl: Reporting State and Local Tax Refunds

2 April 2010

Taxpayer asks: I’m helping my daughter do her CT taxes. Last year she got a CT refund. If I’m reading the federal form correctly, it looks like she has to declare the state refund as federal income in 2009. Is that correct? Isn’t that double taxing? If that is correct, is there a way around [...]

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NC Makes April News (Hint, it doesn’t involve the Tarheels)

10 April 2009

North Carolina is running out of cash. Of course, they’re not the first state to report economic woes: California has been making news for months with its deficit and New Jersey has just announced lower than expected revenues. With cuts at the federal level and revenues down due to increased layoffs, many states are facing [...]

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Ask the taxgirl: Making Work Pay Credit and Outstanding Liabilities

4 April 2009

Taxpayer asks: What about a taxpayer who owes the IRS $$$ from previous tax years? Should they adjust their W-4 to have more taxes taken out to cover the Making Work Pay credit that will be on their paychecks? Taxgirl says: It depends. The Making Work Pay Credit is refundable, so to the extent that [...]

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Where’s My Refund?

21 March 2009

About 10% of my “ask the taxgirl” questions right now are asking “Where’s my refund?” – though, admittedly, some ask in a nicer way than others. Your refund information is generally available about 72 hours after your tax return is processed. You can track your refund online with the “Where’s My Refund?” service offered by [...]

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Ask the taxgirl: Refund Anticipation Loan (RAL) Denials and Delays

26 January 2009

Taxpayer asks: Why was my RAL denied? Taxgirl says: RALs are refund anticipation loans. They are basically loans (usually high interest) against your refund from the IRS. I am not a fan of the RAL. In many cases, I think they’re oversold to folks who can least afford to pay the fees when a normal [...]

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Does the IRS Know Where You Live?

29 November 2008

Despite rumblings for a second stimulus check, the IRS hasn’t finished delivering the first stimulus check to all taxpayers. As of last month, more than 279,000 economic stimulus checks – that’s more than a quarter million – were yet to be delivered. Those checks are worth more than $163 million. Additionally, more than 104,000 taxpayers [...]

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