tax refund checks

What year 🙂 🙂 🙂 (sorry I couldn't resist)

Pia

good one pia!!! 😀 guess we need to laugh about it

I actually called the IRB after I read in the paper that they said that all '08 Refunds had been sent out...I'm still waiting for '06, '07 AND '08! Obviously, the Daily News didn't have the correct facts! Imagine that! haha! I know people that still haven't gotten their '95 back yet! This is NOT like living in The States....

We weren't "bona fide" this past year so turbo tax had us send our taxes to TX? anyway - everything for us has gone through, + California (where we were most of the year) happily took our money.

LOL this is a funny topic. I'm sitting here wondering when I'm going to get my check back. My mom told me since I filed in early February I should be getting mine soon maybe 2-3 weeks. But knowing this WONDERFUL :-X gov't I might get it after summer. I heard the gov't wants 2 "borrow" our tax refund money to do some work so we'll see how that goes. I should've just filed for TX instead of the VI.

well if the govt want to borrow my refund i will "loan" them the money with lets sayyyy a 45% interest rate.
with payments monthly and big balloon payment at the end.

it has to be totally against the law (U.S. tax law) that refunds are not sent out in a timely fashion. i am calling the pres. and complaining.

Apparently states can pretty much do as they wish/need when it comes to refunds. They do pay interest, but many states (this year) have delayed refund payments due to funding issues...some have put off payments till summer or later...
You must not have been in the VI "back in the days"...there were several consecutive years when no refund checks were issued....I'm thinking Schneider administration???...the payments were eventually made, with interest, but folks/businesses literally went years. It's the reason many of us are so careful not to be in a position where the govt owes us...I'd rather pay more in April. You need to adjust your withholding.

have been here almost 20 years and i remember the year they came late with interest.
well i look at refund this way.... if i don't have it i won't spend it......oh darn

I read that they have 45 days after April 15th to mail out refund checks......after that it is paid with interest. (I actually got interest last year)! For us early filers we are not necessarily at an advantage. They seem to be waiting for all those filers who owe so that have some money to pay the rest of us.......LOL. I am working hard to not have a refund next year but rather owe them, but I won't file early!

well if the govt want to borrow my refund i will "loan" them the money with lets sayyyy a 45% interest rate.
with payments monthly and big balloon payment at the end.

it has to be totally against the law (U.S. tax law) that refunds are not sent out in a timely fashion. i am calling the pres. and complaining.

Agreed, we're all writing President Obama.
*-)

Dear President Obama,

How about some Third World Debt Forgiveness for the USVI?

Signed,
People who aren't allowed to vote for you.

lol neil. is that in a letter or are you sending a Hallmark card.....when you care enough to send the very best.

The Senate passed the Borrowing Bill 8 to 7.

A reply to post in www.CruciansinFocus.com said that the governor held up the refunds until the borrowing bill was passed, even though there was already $30 Million in an account to begin paying refunds.

Anybody verify any of that?

Dear President Obama,

How about some Third World Debt Forgiveness for the USVI?

Signed,
People who aren't allowed to vote for you.

Or you could sign it:
People who aren't allowed to vote for you who drafted a constitution that would have you, the president of the United States unqualified to run for governor here!
And, erm, what DID you think of that constitution Prez.??

and add a p.s.

Where in the h...eck happened to our stimulus money??? did check get lost in the mail?

Hey folks!!! I heard the first wave landed in mailboxes TODAY! and I heard another wave is being processed and about to be sent out....I'm going to my PO NOW!

Woot!

What DAY did you FILE your return?

As a reminder a tax refund is essentially money you lent to the government interest free. Take the time to use one of the myriad calculators on the Internet or the IRS website to calculate what your expected tax liability will be at the end of the year

Then modify your W-2 with your employer. If you have been overpaying increase the number of allowances even beyond the number of dependent you actually have...you don't have to justify your # of allowances.

In fact I encourage everyone to ensure you owe the government at least $250, that way if you're in the 25% tax bracket and you donate a thousand dollar over the course of the year you still won't have to wait for a refund.

And I don't know about you but I'd rather give a dollar to a charity I know will accomplish social goals that I consider important rather than give 25 cents to a government that I know will waste it.

As a reminder a tax refund is essentially money you lent to the government interest free. Take the time to use one of the myriad calculators on the Internet or the IRS website to calculate what your expected tax liability will be at the end of the year

Then modify your W-2 with your employer. If you have been overpaying increase the number of allowances even beyond the number of dependent you actually have...you don't have to justify your # of allowances.

In fact I encourage everyone to ensure you owe the government at least $250, that way if you're in the 25% tax bracket and you donate a thousand dollar over the course of the year you still won't have to wait for a refund.

And I don't know about you but I'd rather give a dollar to a charity I know will accomplish social goals that I consider important rather than give 25 cents to a government that I know will waste it.

allmashup, u r so right! my hr director has us review our w-2's each year... and this year i ended up getting a refund of $52 which is much more palatable than the almost 1 grand i got back a couple of years ago. you could be using that $$$ yourself!

well thats good news. i didnt mail mine in until april 13th so i will probably last.

It's good advice Mashup, but not all refunded taxes are due to the number of exemptions claimed on W-2.

Also, for some people, tax refunds are a form of savings, like a payroll deduction.

i.e....It's nicer to get $500 back that you overpaid to the govt, than to get $500 strung out over 25 bi-weekly paychecks.

For others, there's a psychology at work: they'd rather pay more, and get it back, than pay less and have to pay up.

got ur checks as yet *-)

Does anyone know what (if any) method the VI uses to determine who gets their refunds when? In the states, it was usually based on when you filed; then two mailings went out about two weeks apart, based on the first letter of your last name. Do they throw a dart here? Pick one up off the top of the stack and see if it's someone they know or like? 😀

It's good advice Mashup, but not all refunded taxes are due to the number of exemptions claimed on W-2.

Also, for some people, tax refunds are a form of savings, like a payroll deduction.

i.e....It's nicer to get $500 back that you overpaid to the govt, than to get $500 strung out over 25 bi-weekly paychecks.

For others, there's a psychology at work: they'd rather pay more, and get it back, than pay less and have to pay up.

Neil if you or anyone else would like me to collect a weekly portion of your income and hold it so you won't spend it for 15 months and then give it back to you in one lump some, I'll gladly do it free of charge. PM and we'll work out the payment details....and I even promise to give it back to you without any complicated paperwork.

Thanks Mash, let me think about it *-)