Tax Refunds

Tax refunds refer to the amount returned to the taxpayer after the taxing authority determines that the actual tax paid is greater than the tax liability. Taxpayers can usually avail of the refund at the end of every financial year.

5,034 Questions
Tax Refunds
2009 Economic Stimulus Plan

Do people on SSI get a Stimulus check?

Starting Thursday, millions of grandparents and retirees will see a $250 raise to their usual Social Security funds. The months long wait for stimulus payments for seniors, as part of the stimulus bill passed February, is now over, CNN reports. Nearly 55 million seniors and retirees will receive the $250 one-time payment between now and June 4, 2009. Most of the checks have been sent out this week. (May 11, 2009). Payment will either be received as a separate check, in addition to Social Security payments, or appear in accounts as a direct deposit.

001
Tax Refunds
United States of America
United States

When will I receive my stimulus check?

On March 30, the Treasury Department and the Internal Revenue Service (IRS) announced that the payments will start going out in the next three weeks. If the IRS has your direct deposit information on file (as it does for roughly half the stimulus recipients), that time frame is likely accurate. Paper checks, however, will take longer. The IRS has a lot more information about how to make sure you get your payment in a timely manner here.

Some precedents for reference: Under a new tax cut in 2001, the IRS took six weeks to start sending out rebate checks, and after a 2008 stimulus package was signed into law, checks weren’t sent out for three months.

119120121
Tax Refunds
2009 Economic Stimulus Plan

What is the amount on a stimulus check?

Go to www.irs.gov, click on "When will I get my stimulus check?", click on "Economic Stimulus Payments Information Center", click on "Where is my stimulus payment?" and follow the directions. :)

001
Tax Refunds
2009 Economic Stimulus Plan

Is there going to be a second stimulus check?

And will dependents get one

001
Taxes and Tax Preparation
Income Taxes
Tax Refunds

Refund Where is your stimulus Payment?

Starting Thursday, millions of grandparents and retirees will see a $250 raise to their usual Social Security funds. The months long wait for stimulus payments for seniors, as part of the stimulus bill passed February, is now over, CNN reports. Nearly 55 million seniors and retirees will receive the $250 one-time payment between now and June 4, 2009. Most of the checks have been sent out this week. (May 11, 2009). Payment will either be received as a separate check, in addition to Social Security payments, or appear in accounts as a direct deposit.

012
Tax Refunds
2009 Economic Stimulus Plan

Are you getting a government stimulus check?

Don’t know

001
Tax Refunds
2009 Economic Stimulus Plan

Are we getting a second stimulus check before Christmas?

Are we getting a second stimulus check

001
Tax Refunds
2009 Economic Stimulus Plan

Are they giving people another stimulus check?

Are we getting another stimulus check

91011
Tax Refunds
2009 Economic Stimulus Plan

When the second stimulus checks be mailed out?

The chances are very unlikely,people are going back to work Nd everything is opening up!! So why would another stimulus check be sent to families who are eligible to receive a second check from the government!! Lots of people have lost loved ones,others have been affected by this pandemic however those who survived their highly favored by my/our Father lord bless us all!!!As far as the stimulus package goes I don’t think we’re going to get any more money lots of people will be paying back lots of money to the government!! My advice to the people is, save ur money don’t put it in any bank use cards set up Apple Pay,cash app,Zell, even prepaid debit cards,because eventually money will be the cause of the deadly disease spreading so rapidly!! That’s a different story I will not go into that!! Maybe another time

012
Tax Refunds
2009 Economic Stimulus Plan

How do you apply for a stimulus check?

What do you need to do to getting?

001
Tax Refunds
2009 Economic Stimulus Plan

How should you apply for stimulus check now?

Help

001
Tax Refunds
2009 Economic Stimulus Plan

When will the stimulus checks come out?

For the ziilionth time..there are NO plans for any NEW, NEXT, 2009 ot OTHER stimulus checks. Perhaps you should try getting your information from different sources - newspapers, TV, radio....etc..NONE of which ever say or eve imply there will be one.

001
Taxes and Tax Preparation
Personal Finance
Income Taxes
Tax Refunds

How long does it take to get a tax refund if you efile?

Between 8-15 days if you select direct deposit into a bank account or about 4 weeks if you choose to receive an IRS check.

It will be faster if you select a bank product from a tax service firm, however these tend to be extremely expensive and you will have to have decent credit to qualify. You can also get advances on your refund but will have to pay fees.

127128129
Tax Refunds
2009 Economic Stimulus Plan

Will there be a second stimulus check?

??????

123
Taxes and Tax Preparation
Income Taxes
Tax Refunds

Owe federal tax 10000 what doi owe with reductions?

There was a mistake on my last years return. The IRS says we owe $3600+. We are living on my husband's disability social security and have a son in college. I am still unemployed after being laid off over three years ago. Is there any way to get this reduce?

Your obviously confused (saying you owe 10K and then saying its a third of that, with even with any penalty and interest is not going to be near 10K).

The absolute first thing is to see if you understand why they say you owe any money at all. They may be wrong (for any number of reasons) including just how the return was prepared or their own system.

Then especially if it turns out you made a mistake you can see (adding 2+2 =3 for example) and you didn't have the return done by someone else who can explain and respond for you, to appreciate that you may be dealing in an arena that you aren't equipped to, and get some help. Under the basic scenario given for your position, you should have had no, or a very modest at most, tax to begin with. Maybe you have a refund coming.

If the situation is that you improperly filed and do owe tax, the most likely result is you will need to pay it but the Penalty that was automatically applied would be abated, but the tax and interest (at a lower rate) would be due. An installment option would be made available.

The pro you want probably has the designation of an E.A. (an enrolled agent) - better and cheaper than a CPA for tax.

303304305
Taxes and Tax Preparation
Income Taxes
Tax Refunds

Can you file income taxes if you are a student?

"Can you?" or "Must you?"

The answer to "can you?": Many people will file an income tax return even though the income on the return was below the filing requirement.

Even if you do not have to file a return, you should file one to get a refund of any Federal Income Tax withheld.

The answer to "must you": This depends upon how much income you had during the tax year (both from a job and/or from investments) and whether or not your parents claim you as a dependent. Online tax software can help you determine whether or not you are required to file a tax return.

See "Sources and Related Links" below for links to additional information about two online options for filing income taxes.

301302303
Tax Refunds
How To

How to check the status of TurboTax card?

You must call Greendot. 866-963-1620. When prompted to enter your info just hit 0. It takes about 3 times before they actually connect you to a live rep who may or may not speak fluent English. Figures though... You should give it the full 10 days before reporting it "Not received". My taxes have been deposited for four days now and still no card. Moreover, they sent it to the wrong apt. number. Fortunately, I had called them to check on the status and discovered the error. Have spoken with my neighbor who's box it was sent to and to the mail carrier. Hopefully I will get it and not have to report it and wait another 10 days.

287288289
Taxes and Tax Preparation
Income Taxes
Tax Refunds

When can you file long form tax returns?

I heard it was February 14th.

289290291
Taxes and Tax Preparation
Income Taxes
Tax Forms
Tax Refunds

Where do you mail completed federal income tax returns?

Where you send your return depends on where you live. If you live in Florida, Georgia, or the Carolinas and you 're enclosing payment, you mail to the Department of the Treasury, Internal Revenue Service Center, Atlanta GA 39901-0102 (zip code 39901-0002 if not enclosing payment/receiving refund).

If you live in Alabama, Kentucky, Louisiana, Mississippi, Tennessee, or Texas, you mail to the Department of the Treasury, Internal Revenue Service Center, Austin TX 73301-0102 if you're enclosing payment (zip code 73301-0002 if not enclosing payment/receiving refund).

If you live in Arkansas, Connecticut, Delaware, District of Columbia, Maine, Maryland, Massachusetts, Missouri, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode island, Vermont, or the Virginias, mail to the Department of the Treasury, Internal Revenue Service Center, Kansas City MO 64999-0102 if enclosing payment (zip code 64999-0002 if not enclosing payment/receiving refund).

If you live in any other state, mail to the Department of the Treasury, Internal Revenue Service Center, Fresno CA 93888-0102 if enclosing payment (zip code 93888-0002if not enclosing payment/receiving refund).

626364
Taxes and Tax Preparation
Income Taxes
Tax Forms
Tax Refunds

What is a schedule M on a 1040A tax return?

This schedule was for 2009 only and it was to figure the 'Making Work Pay and Government Retiree Credits.'

Everyone who is not someone else's dependent (most adults not being taken care of by mom or dad) and who works gets the 'Making Work Pay' credit and will want to fill out this schedule. It's up to $400 ($800 if you're married and file a return with your spouse).

Those who receive social security benefits, railroad retirement benefits, or VA disability probably received a $250 check last summer and it will reduce any Making Work Pay credit they are allowed.

Those who are getting retirement for a government job and aren't allowed to claim social security get a $250 credit. Those who qualify for this & the making work pay credit won't get a total credit of more than $400 ($800 if married & filing a joint return with their spouse).

263264265
Tax Refunds
2009 Economic Stimulus Plan

You are on social security disability will you receive a stimulus check for 2009?

Persons eligible for Social Security or Social Security Supplemental Income (SSI) in November or December 2008 or January 2009 will receive a $250 check in May 2009.

131415
Tax Refunds

What is the EIN number for TD Bank?

Ein # 04-6049087

257258259
Taxes and Tax Preparation
Business Law
Income Taxes
Tax Refunds

What is a K-1 form from the IRS?

A K-1 is used by a Partnership or S-Corporation to report a partner/shareholder's distributed share of income. Partnerships and S-Corporations do not pay income tax. Instead, they file their corporate / partnership tax return as an informational return only. This return will distribute the net profit to the shareholders or partners based upon their percentage of stock or how the partnership agreement reads. For example, if you own 50% of ABC Corporation, an S-Corporation, and ABC Corporation shows a $100,000 profit in 2007, you will receive a K-1 for 50% of the net profit, so $50,000. You would have to claim this $50,000 of income on your personal tax return. Because the company does not pay income tax, the net profit is passed through to the owners who pay the income tax on their personal tax returns.
A K-1 form is a form that is issued to partners, shareholders, and such showing their share of a business income that must be reported on their personal tax returns.

9899100
Income Taxes
Tax Refunds

Does the IRS only deposit funds on Fridays?

Yes

Depends on when this was asked, no. In 2010 they started the new Modified Efile system and only some returns qualified for that route. Any returns that went to the MEF could be funded on any day of the week. MEF will be the new standard.

253254255
Tax Refunds
Business Travel

Why do hotel bills need to be itemized for the IRS?

Hotel bills must be itemized because only a subset of expenses are tax-deductible. Your lodging, meals, and even items like dry cleaning are deductible. But expenses like using gym facilities, watching paid movies, or playing games are not.

Documentation 17 from IRS has a very complete set of information on this. http://www.irs.gov/pub/irs-pdf/p17.pdf

253254255

Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.