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Question About Tax Refund (Vanity)
March 9, 2017 | Me

Posted on 03/09/2017 7:24:19 AM PST by rightwingintelligentsia

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To: TruthWillWin

What’s a tax refund? I always pay on the 15th. If I get a refund must have screwed up somewhere.

________________________________________

Really? Most people think the opposite is true. Why would you screw up and have to pay even more to the IRS?

And don’t claim that an IRS refund cost you money in interest lost. What with rates at .010% - that dog don’t hunt.


21 posted on 03/09/2017 7:50:47 AM PST by Responsibility2nd
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To: rightwingintelligentsia

The story of the Atlanta single address with refunds sent to it from tens thousands of separate filings is pertinent. Along with the hacking of SS#s on the fedgov office of personnel management and the incompetent woman running that. Which we never heard anything more about— other than the usual horse crap handed out by any human resource dept about “kits” to repair the damage.

Here’s an idea— why don’t we all just DROP the internet. Force other systems to come to the fore. And, in so doing take a huge pay cut and cut in competitiveness.


22 posted on 03/09/2017 7:55:49 AM PST by John S Mosby (Sic Semper Tyrannis)
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To: rightwingintelligentsia

The story of the Atlanta single address with refunds sent to it from tens thousands of separate filings is pertinent. Along with the hacking of SS#s on the fedgov office of personnel management and the incompetent woman running that. Which we never heard anything more about— other than the usual horse crap handed out by any human resource dept about “kits” to repair the damage.

Here’s an idea— why don’t we all just DROP the internet. Force other systems to come to the fore. And, in so doing take a huge pay cut and cut in competitiveness.


23 posted on 03/09/2017 7:55:54 AM PST by John S Mosby (Sic Semper Tyrannis)
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To: TruthWillWin
A tax refund is usually when you overpay your taxes by having more withheld from your wages than you need to. The amount of withholding is determined from how the W-4 form (on file with your employer) is filled out. Some people go out of their way to have more money withheld so that they can increase the size of their "refund" check. It's kind of a "forced savings" account for those who are not inclined to save/invest in a more advantageous manner. By allowing yourself to be overtaxed, you are essentially giving the government a tax-free loan.

Most people who are self-employed choose to underpay their quarterly tax payments and pay the balance on April 15 - having earned some interest or other earnings on their own money.

For those getting refunds, I strongly urge them to file online as opposed to mailing their returns in. By doing it online, they can track everything as it moves through the system and tax refunds are usually deposited within 7 days of filing. 2-3 weeks at the most.

24 posted on 03/09/2017 8:06:46 AM PST by SamAdams76
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To: sheana
So is your bank brick and mortar or all online?

If there is a physical bank, I'd drive to it and meet face to face with a representative.

Also, the routing number is different from a mailing address. Banks and the IRS use the routing number to transfer payments electronically. It is a rather long nonsensical number (usually the number at the bottom of your paper check) and it is easy to make a mistake. However, your bank will be able to sort it out for you and you will know if there was ID theft.

Also, it is moot for this transfer, though since the IRS has already given up and will be sending a paper check.

Good luck!

25 posted on 03/09/2017 8:09:57 AM PST by dhs12345
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To: NEMDF

Yup


26 posted on 03/09/2017 8:25:55 AM PST by Nifster (I see puppy dogs in the clouds)
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To: rightwingintelligentsia

Then I would be on phone to IRS immefiately


27 posted on 03/09/2017 8:27:06 AM PST by Nifster (I see puppy dogs in the clouds)
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To: rightwingintelligentsia
I filed my tax return in early February, the old fashioned way, by mail.

If you did the return by hand then it is either read by a scanner or input manually. Even if you wrote it correctly in may not have been input correctly.

28 posted on 03/09/2017 8:27:07 AM PST by Raycpa
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To: Responsibility2nd

Income tax withholding is voluntary, you do not have to let Uncle Sam hold your money. If you have to pay a large tax payment at filing, the IRS wants to fine you, but they never give you any extra for with holding too much.

Set up your taxes so you pay them $100 at tax time every year. Failing to do this can delay getting YOUR money for up to 1 year from when you file (that is is fraud is involved)

sources:

http://www.fraud-magazine.com/article.aspx?id=4294982014

http://www.nbcnews.com/business/taxes/tax-refund-fraud-soaring-little-irs-can-do-n304951


29 posted on 03/09/2017 8:42:17 AM PST by wrench
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To: Responsibility2nd

I am self employed, own a business. Makes more sense to reinvest funds in the business than to get a refund.


30 posted on 03/09/2017 9:04:44 AM PST by TruthWillWin (The problem with socialists is that you eventually run out of other peoples money.)
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To: rightwingintelligentsia
A couple of years ago my refund was held up eight months. The problem turned out to be a bug in the IRS' software related to Obamacare.

The only way I could unstick things and get it resolved was to call my U.S. congressman and have them get the Taxpayer Advocate Service to call me. They have people who can get deeply into the IRS and force mistakes to be corrected.

The first two times, I tried to call the Taxpayer Advocate Service on my own and got nowhere. Having my congressman involved seemed to be necessary.

31 posted on 03/09/2017 9:36:00 AM PST by snarkpup (Democrats haven't been this mad at Russia since the USSR broke up and abandoned communism.)
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To: rightwingintelligentsia

It sounds like the IRS ACH information did not completely align with your address or name at the bank.


32 posted on 03/09/2017 10:04:32 AM PST by ConservativeMind ("Humane" = "Don't pen up pets or eat meat, but allow infanticides, abortion, and euthanasia.")
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