Posted on 02/07/2023 2:57:35 PM PST by Oldeconomybuyer
NEW YORK (AP) — The Internal Revenue Service is recommending that taxpayers hold off on filing their tax returns for 2022 if they received a special tax refund or payment from their state last year.
Last year, 19 states offered diverse programs that offered inflation relief payments or refunds for taxpayers. The IRS issued the guidance Friday due to the agency’s uncertainty about the taxability of the payments.
“We are working with state tax officials as quickly as possible to provide additional information and clarity for taxpayers,” the IRS said in its statement.
For residents from states such as California and Illinois, the agency is recommending that they hold off on filing their tax returns until they receive further instruction from the IRS.
If you received a state tax refund last year, here is what you need to know.
I GOT A TAX REFUND FROM MY STATE. WHAT DOES THE IRS STATEMENT MEAN FOR ME?
WHY SHOULD I WAIT TO FILE MY RETURN?
I RECEIVED A REFUND AND ALREADY FILED MY TAXES. WHAT SHOULD I DO?
WHICH STATES OFFERED SPECIAL TAX REFUNDS IN 2022?
Special tax refunds were offered by 19 states in 2022. The list includes Alaska, California, Colorado, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Maine, Massachusetts, Minnesota, New Jersey, New Mexico, Oregon, Rhode Island, South Carolina, and Virginia.
WHAT IF I’M NOT SURE IF THIS APPLIES TO ME?
(Excerpt) Read more at apnews.com ...
I got a refund from my state; but it wasn’t that special.
All those 87K new IRS workers are having trouble figuring out the taxes?
All those 87K new IRS workers are having trouble figuring out the taxes?
I got nothing from Florida but they are on the list. Hmmm. I’m missing money! Lol.
Holy cow it’s 2033 already? That’s when the final group of 87,000 are hired after current employees retire.
Leave it to the IRS to create this mess so they can get their blood from a turnip!
My tax dood told me not to worry about it. It takes years of training to come up to speed. 87,000 unleashed now? My guess - probably all fired McDonald's cashiers. Should work out well.
considering the 87,000 IRS agents are for targeting small businesses, specifically S-corp taxed entities and partnerships. And by targeting, I mean Home invasions for minor tax issues due to the fact the code is too damn convoluted for any Joe Smoe to figure out easilly.
Screw them. They can tell me to file an amended return. I filed Sunday. I assume any state refund is free of income tax since I no longer file a Sch. A and take the standard deduction.
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