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VANITY: How long are tax refunds taking?
Rio | 4/10/2015 | Rio

Posted on 04/10/2015 5:23:07 PM PDT by Rio

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To: Rio

I don’t get a refund. I have to pay.


61 posted on 04/10/2015 6:23:11 PM PDT by Darren McCarty (We need a conservative electable candidate in 2016)
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To: Joy in the Journey

Bummer. I’m Turbo-Tax also. My research indicated that IRS has new systems in place to catch bogus returns. Didn’t think that would affect paper returns. Maybe it does. You’ll probably have to wait until they can schedule a human to look it over.


62 posted on 04/10/2015 6:24:18 PM PDT by Rio (Proud resident of the State of Jefferson)
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To: napscoordinator

I look at my refund as a loss. I overpaid and the IRS is holding on to my money, or using my money, without paying me any interest. That money could be in my bank earning interest.


63 posted on 04/10/2015 6:29:08 PM PDT by fatnotlazy
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To: Rio

Did my taxes the first week of February. State and Federal were in my account ten and fourteen days afterward.


64 posted on 04/10/2015 6:29:36 PM PDT by Vermont Lt (When you are inclined to to buy storage boxes, but contractor bags instead.)
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To: dfwgator

Not really. I own my own business. My wife works for a large hospital. Our returns fluctuate annually due to a lot of factors. For example, one year I had to buy a new $6500 camera. In December. I took the entire depreciation for that and a couple of large capital expenses. We got back all of the withholding for that year. Plus, we got back a good chunk of the payments we made over the year.

We are not all gimme-dats. Sometimes we take back what is rightfully ours.


65 posted on 04/10/2015 6:35:30 PM PDT by Vermont Lt (When you are inclined to to buy storage boxes, but contractor bags instead.)
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To: Vermont Lt

I wasn’t referring to people like you, but I’ve come across more than one who got a big refund check and bragged about it as if they thought they didn’t pay any taxes at all.


66 posted on 04/10/2015 6:37:28 PM PDT by dfwgator
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To: napscoordinator

I have no idea what you’re talking about.


67 posted on 04/10/2015 6:51:38 PM PDT by Dalberg-Acton
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To: Rio
[e-filed] 3 weeks.....don't spend it all in one place. ;D

Don't forget April 15 is “Buy a gun day”!


68 posted on 04/10/2015 7:00:09 PM PDT by Daffynition ("We Are Not Descended From Fearful Men")
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To: Rio

What’s a tax refund?


69 posted on 04/10/2015 7:03:20 PM PDT by TruthWillWin (The problem with socialism is that you eventually run out of other peoples money.)
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To: napscoordinator; Rio

It depends on your situation. If you are just a wage earner and have at least paid as much tax as you owed last year, there is no penalty. Also, if you are within a certain percentage (don’t know the exact number) you are fine.

If you have income from other sources and pay estimated taxes, it gets more complicated and there are other criteria. I do a running calculation throughout the year and usually estimate it very close. But, there are some tax preference items like qualified dividends that I don’t try to account for, because I don’t know the exact amount. So, I treat all dividends as ordinary income.

I end up getting a small to medium—sized refund every year, but simply reduce my first estimated tax payment on 4/15 by that amount.


70 posted on 04/10/2015 7:03:56 PM PDT by justlurking (tagline removed, as demanded by Admin Moderator)
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To: Rio

why is that YOU people get tax refunds and people like me just pay, pay, pay....


71 posted on 04/10/2015 7:04:57 PM PDT by cherry
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To: napscoordinator

Lol. Excuse us for getting money back. I work and my husband is enlisted in the military. I guess our types aren’t welcome on FR.. :)


72 posted on 04/10/2015 7:05:46 PM PDT by same old song
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To: fatnotlazy

Then why are you overpaying?

JT


73 posted on 04/10/2015 7:15:32 PM PDT by Jamestown1630 ("A Republic, if you can keep it.")
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To: Tenacious 1
My wife and I are retired from working for someone else. But we still have three small businesses we run. We can expense many things through the businesses before we have to report any income to Uncle Sam. That lowers our tax obligation and we usually get a refund back every year.

Getting a refund back doesn't mean you don't pay taxes. It just means there is more than one way to skin cat.

74 posted on 04/10/2015 7:45:37 PM PDT by HotHunt
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To: Rio

Most people here can do our math well enough to NEVER have to rely on the government to give us back our money...


75 posted on 04/10/2015 7:49:49 PM PDT by BobL (REPUBLICANS - Fight for the WHITE VOTE...and you will win (see my home page))
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To: Rio

About 5 days.....

Filed electronically...The State return took about 3....


76 posted on 04/10/2015 7:50:21 PM PDT by Cold Heat (Have you reached your breaking point yet? If not now....then when?)
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To: Rio; All

Fed under 2 weeks, State...still waiting.


77 posted on 04/10/2015 8:05:59 PM PDT by Shadowstrike (Be polite, Be professional, but have a plan to kill everyone you meet.)
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To: dfwgator

Yeah, I know I didn’t. They had a bunch of my money they weren’t entitled to. Oh well, at least I’m getting it back.


78 posted on 04/10/2015 8:34:15 PM PDT by ExGeeEye (The enemy's gate is down....and to the left.)
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To: Kirkwood

I am guessing he was being sarcastic.


79 posted on 04/10/2015 8:43:41 PM PDT by Secret Agent Man (Gone Galt; Not averse to Going Bronson.)
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To: Rio

Our clients are getting them as soon as 8 days. IRS says 8 to 21 days is the norm. Unless you have Obamacare and don’t do the true up form 8972. Then you go into the review pile.


80 posted on 04/10/2015 8:49:08 PM PDT by NonValueAdded (I love it when we're Cruz'in together)
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