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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.
500 Questions
Do I need to include benefits received from workers compensation on my tax return?
Asked by Wiki User
How long does it take to get state tax refund if you efile and have it direct deposited to checking account-Delaware?
Asked by Wiki User
Why did I receive this 36 treas 310 misc pay when I never signed up for travel expenses?
Asked by Wiki User
Do I need to file taxes for GoFundMe money?
Asked by LoganCasegp5743
Sure. It is probably considered income to you but could be different based on the cause for which you were collecting the money. I assume that you are not a 503(c) registered Non-Profit Corporation who has been approved by the IRS. If not you probably would have to pay taxes on this money. In any case you really need to get professional tax assistance before proceeding as the ramification could be excessive.
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