Well, no refund..there is nothing to "refund" but there may and frequently is credits and benefits provided to those with low incomes only available to those that file. See the related question link below for a more complete discussion.
My refund i paid my tax preparer came back to me why?
You do not pay taxes on a federal tax refund from the IRS unless they sent your refund late and paid you interest on the amount due to you. You would have received a 1099 from the IRS which shows the interest paid to you.
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
A tax refund is what you have already paid to the government minus what you actually owed. If you did not pay taxes, there is no money there.
It means that its a tax refund that you are getting back minus a federal debt that was paid. So if you owed $500 and your tax return was $800, you would get $300 and a TCS Treas 449.
was the tax refund for 2009 paid. last word was that state was holding it up
My refund i paid my tax preparer came back to me why?
A Federal Tax Refund is when the government refunds you the extra money you paid for your tax. You can easily get someone to help you do it, or you can use TurboTax (online) to help you get your refund.
You do not pay taxes on a federal tax refund from the IRS unless they sent your refund late and paid you interest on the amount due to you. You would have received a 1099 from the IRS which shows the interest paid to you.
No.Presuming it was paid with after tax money (money you already paid tax on)...the return of that money is not taxed.
The proper tax refund accounting entry to record the return of excess taxes paid by a company is to debit the cash account for the amount of the refund received and credit the income tax expense account to reduce the tax expense recorded.
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
A tax refund is what you have already paid to the government minus what you actually owed. If you did not pay taxes, there is no money there.
An organization can have a tax recievable when it has paid a larger estimated tax the refund is put into recievable
If they paid taxes, they can file a tax return and, provided they are eligible, receive a tax refund.
Assuming you paid the tax, you'll get the refund according to the schedule on the IRS web site.
You would receive a tax refund after filing your tax return if you paid more in taxes throughout the year than you actually owed. This excess amount is returned to you by the government.