No, when filing for the state income taxes, you will receive your federal income tax refund as well as your state income tax refund.
Can I deposit my niece's income tax return check with her permission <><><><><> Your niece needs to countersign the income tax refund check.
You can go to your state tax department web site to find a place that you can use to check on your state income tax refund.
Prior year tax refund. The IRS would be the only one that would be able to help you with this information about any missing refund that you have not received if you have filed your income tax return correctly and mailed it or sent it to the correct IRS address. To check on your current year income tax refund go to the IRS.gov website and choose check on my refund or where is my refund on either side of the web page.
The refund check, as income - No - for federal (it was taxed when overpaid - tax being paid with already taxed money), but a State one, yes. It was deducted from federal income.
Income tax refund is the money you get back when you’ve overpaid your taxes through TDS, TCS, or advance tax. Think of it as a refund for paying too much.
No, when filing for the state income taxes, you will receive your federal income tax refund as well as your state income tax refund.
Can I deposit my niece's income tax return check with her permission <><><><><> Your niece needs to countersign the income tax refund check.
You can go to your state tax department web site to find a place that you can use to check on your state income tax refund.
Prior year tax refund. The IRS would be the only one that would be able to help you with this information about any missing refund that you have not received if you have filed your income tax return correctly and mailed it or sent it to the correct IRS address. To check on your current year income tax refund go to the IRS.gov website and choose check on my refund or where is my refund on either side of the web page.
The refund check, as income - No - for federal (it was taxed when overpaid - tax being paid with already taxed money), but a State one, yes. It was deducted from federal income.
No
To create a journal entry for recording an income tax refund, debit the cash account for the amount of the refund received and credit the income tax refund account. This will accurately reflect the increase in cash and the corresponding decrease in the income tax refund liability.
It is not possible to get refund unless we file the income tax returns. When we file returns it will check with OLTAS and generate refund if paid excess
You do not have to report any income tax refund on any tax forms, it is not income.
Well, that depends. The tax refunds that people get every year are income tax, which is so named because it is based on income. If you are unemployed, or without income, there may not be a lot of tax there to refund. The idea of a refund is that you get back what you paid in the first place. If you had no income, then a refund is unlikely, although depending on whatever other source of income it is that enables you to survive, it is possible. Just fill out the 1040EZ to see how it works out in your situation.
If your income tax refund was direct deposited, your stimulus check will also be direct deposited.