Is Your Tax Refund Forfeited?

Is Your Tax Refund Forfeited?

Are You Sure You Don’t Have a Tax Refund Due?

Usually when the tax filing due date arrives, most taxpayers breathe a sigh of relief. What most taxpayers don’t realize, that date will close the window for many on their ability to file a claim for a tax refund. READ THIS CAREFULLY: The IRS stated that for the tax year 2017, up to 1.4 million individual taxpayers lost their ability to claim a refund by missing the three year statute.

Those same individuals forfeited $1.35 billion in View full post…

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Delays In Getting Your Income Tax Refund

WARNING: A Large Income Tax Refund May Result In Delays

Large income tax refundWell, you finally got around to filing your 2012 tax return, and you hope that an income tax refund will be forthcoming. You spent the better part of a weekend, gathering tax documents and receipts for your itemized deductions that your accountant will need to prepare your return.

You drive to his office on the day of your appointment, and proudly hand him all of your tax records, all properly organized. He, too, is surprised, and yes, pleased, that you spent so much time gathering all of the information and even organizing it for him.

After your brief meeting, having answered the few questions that he had, you leave and patiently wait to see what the results will be this year. A couple of days later, he calls and gives you the good news.

You breathe a sigh of relief when he tells you that there is a $5,100.00 income tax refund due on your Federal return. Your accountant says that he is going to e-file your return and use the direct deposit option, and the refund should be in your checking account in about ten days to two weeks.

Oh boy, you are thinking, that will really come in handy when your credit card bill comes in for recent dental work that had to be done. You sign View full post…

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