WARNING: A Large Income Tax Refund May Result In Delays
Well, 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…