Refund?!?!?
Q. Who all has received their tax refund???
Asked by slha1981 - Wed Jan 31 11:50:41 2007 - Canada - 12 Answers - Comments

A. I e-filed last week-should be direct deposited any day now$$$!!!
Answered by NONAME - Wed Jan 31 11:54:30 2007

Is my refund check from college financial aid going to be taxed when I file taxes?
Q. I received a $2000 refund check this year for college. When I file taxes this year, will I owe taxes on that amount since I did not use it for educational purposes? And none of this money was from loans.
Asked by - Fri Dec 17 15:33:19 2010 - United States - 5 Answers - Comments

A. If it was from grants or scholarships and any of it was spend on something other than allowable education expenses, then yes that much is taxable income - show it as miscellaneous income on your tax return.
Answered by Judy - Sat Dec 18 13:46:49 2010

What happens if i get a refund anticipation loan, and the canada revune service keeps my refund?
Q. In Canada they offer the instant refund, or refund anticipaion loan at our tax offices. My question is how do they know the canada revenue agency isnt holding my refund ? what if they give me a loan based on my tax refund and come to find out, i dont get a refund? I dont need advice on wether or not to get one. But I have a feeling my refund might be held this year.
Asked by - Mon Jan 3 15:30:35 2011 - Canada - 4 Answers - Comments

A. Companies which offer instant refunds are very careful about who they offer the deal to. First, they are very conservative when they calculate your refund (for example, they don't include certain deductions which might not pass muster with CRA). Second, they check with CRA to see if you owe them any money. They use a system called SEND (System for Electronic Notification of Debt), where CRA will tell them if you're in arrears. You won't get an instant refund if there's any chance CRA will withhold it.
Answered by Fred S - Mon Jan 3 19:19:18 2011

What does this tax question mean regarding refund of state/local taxes?
Q. "Did you receive a refund of state and/or local income taxes during 2009 from your 2008 tax return or a prior year tax return?" In 2008 we got a refund because we overpaid from what they took out of our paychecks. Does this mean I enter how much the refund was? Or is this talking about some other kind of refund? I use the standard deduction and the money where the refund comes from was withheld from my paycheck.
Asked by - Mon Feb 22 15:38:55 2010 - United States - 6 Answers - Comments

A. Tax refunds from state and local governments are treated as income by the IRS and must be reported on your federal tax return.
Answered by peacefuldisaster - Mon Feb 22 15:56:52 2010

When does a refund get posted to your debit account after returning something ?
Q. I returned a product yesterday morning and I still don't see the refund in my statements.They did swipe my card during the return process .Is this normal or a mistake on their part ?? When will it show on my debit card ? Thanks NFM !
Asked by Hellokitty2010 - Tue May 4 07:32:57 2010 - Credit - 3 Answers - Comments

A. Some stores will swipe the card again for a return, look at the receipt that was given to you, it will say credit. The speed of the refund depends on how quickly your bank processes the transaction. Normally it takes 2-3 days.
Answered by Dixie Darlin' - Tue May 4 10:22:12 2010

How a refund is adjusted by accountants after it has been posted to accounts?
Q. Hi all, A Scenario ...There is service cancellation after it is rendered in a hospital, probably a day after, which may be due to any reason (either from doctors' or patients' side). This results in refunding of money to patient. So now, the question is how this refund is adjusted by accountants after it has been posted to accounts.
Asked by abhi g - Mon May 24 03:01:58 2010 - Other - Business & Finance - 1 Answers - Comments

A. Any refund after posting can be adjusted by accountant in following way. The service charges are reversed in concerned services charges accounts or The refund are booked in seprate account and after a specific period total of that account is transfered to service charge accounts. Overall effect of both the system will be same.
Answered by SANTOSH KUMAR - Mon May 24 09:27:35 2010

What day is everyones tax refund being deposited into your account?
Q. This is for the people that has already received their tax refund. What day was your tax refund from the IRS put into your account?
Asked by Erik - Tue Feb 10 12:26:18 2009 - Other - Taxes - 4 Answers - Comments

A. You can go to www.irs.gov and select "Where's My Refund", follow the steps, and it will give you the date you should expect to see your refund. You will need to enter your s.s.n, your filing status and the amount of your refund.
Answered by AAA Mom - Tue Feb 10 12:48:19 2009

REFUND...???
Q. recently i received a refund on a low payoff for a car i just bought can someone explain it??? i asked the dealer but they didnt make much sense...
Asked by angie - Thu Aug 7 00:05:13 2008 - Buying & Selling - 3 Answers - Comments

A. Your refund wasnt on the car you bought. IT was on the car you traded in. You traded a car that was financed with a bank. At the time, the dealer used an estimated payoff. All teh contracts were written using that estimated number. When they paid off the loan, the balance was actually less than they had accounted for in the contract, so they sent you the difference. Lets say they estimated your payoff to the bank at 10k. When they called the bank and got a firm payoff quote, the bank said you owed 9700. Since all teh contracts say 10k, you get 300 back. Its much easier to do that then rewrite all the contracts
Answered by xx_satanic_mechanic_xx - Thu Aug 7 02:08:01 2008

How long does it take to get a refund on a credit/debut card?
Q. I purchased a toy from Toys R' Us on Saturday and used Credit on my debut card. I took it back on Monday and got a full refund. They gave me a receipt and it was refunded back on my credit/debut card. It is now going to be Friday and still it has not showed up in my bank account. How long does it take to get a refund on a credit/debut card appear in my bank account? Thanks in advance!
Asked by Jessica Bradford - Fri Aug 13 00:19:34 2010 - Credit - 1 Answers - Comments

A. It usually only takes 2-3 business days so I hope you still have the credit receipt. You should call your credit card company and tell them you are expecting a credit for this purchase and they can tell you the hold up.
Answered by Physics beginner - Fri Aug 13 22:53:40 2010

How long will it take to get my refund if I received reference code 1201?
Q. I was supposed to have my refund direct deposited on 2/15/08. However on the 13th I received a processing delay message with the reference code 1201. I called and they said it was because we owed back taxes. I wasa wondering how much longer it will take to get my refund now? Has this happened to anybody and how long did it take to get your refund?
Asked by Erin S - Tue Feb 19 15:37:19 2008 - United States - 2 Answers - Comments

A. i also owed back taxes and i have been waiting for a refund since 01/25. I filed early to pay them off. Now i sit and wait for my remaining refund. They took their part before 01/25. Now i am in a processing delay with out a refund date
Answered by cutenspecial1 - Tue Feb 19 16:03:56 2008

How much refund can I get from my taxes if I only earned $5k?
Q. I earned about $5k for 2007. I had my employer withhold max amount of taxes for me. If I were to file taxes, how much refund can I receive? I heard if you earn below certain amount, you get back most of your taxes. I am a student, my parents claimed me as a dependent. Does that affect the claim?
Asked by sangamania - Wed Jan 23 23:09:34 2008 - United States - 2 Answers - Comments

A. You are going to get every penny back! If you claim yourself, you get to lower your income by $3,500. As a single you get another $5,000+ to reduce your income. That moves you below the threshold, so enjoy that refund!
Answered by dm_dragons - Wed Jan 23 23:13:39 2008

How can I get my tax refund as soon as possible with bad credit?
Q. I need my refund asap and have bad credit so I'm not sure the instant tax refund thing will work.
Asked by sklapertap - Wed Feb 6 18:23:47 2008 - United States - 2 Answers - Comments

A. I have bad credit and had no problem getting the instant RAL at HR block they can tell you if you are approved in less than 3 minutes
Answered by Angela - Wed Feb 6 18:57:53 2008

How long to get a refund? Will I get the extra $600 federal refund with my refund check?
Q. I mailed (not e-file) my federal return about two weeks ago... Anyone know how long until I get my refund? Will I get the $600 (or was it $800?) extra federal refund (per the economic stimulus bill) at the same time, or are they mailing that out later? Did anyone get theirs yet?
Asked by californiablueeyes76 - Thu Feb 21 04:21:13 2008 - United States - 5 Answers - Comments

A. Paper returns take a little while to process. Since you did not mail at the deadline, it might be 4-6 weeks for you refund. The rebates will go out separately starting in May, but the IRS has not yet determined the order in which they will be mailed. According to the IRS: The IRS will begin sending taxpayers their payments in early May. Payments will continue over several weeks during the spring and summer. A payment schedule for taxpayers will be announced in the near future. Keep checking the IRS site below for more news. It's the only official, reliable source of information about the rebate.
Answered by Richard M - Thu Feb 21 07:02:21 2008

I get a refund during the grace period on a credit card statement, can I reduce the payment accordingly?
Q. I had a credit card statement of 1000. Within 4 days I get a refund of 200 during the grace period of 15 days. The payment date then follows 11 days later and the credit card company still try to take 1000 - so making my credit card a positive balance - which is not what I want! Can I insist on only paying 800? They then tell me that I will be charged to taking cash out of a positive balanced credit card. Can they do that? What is stupid is that if I dispute 200 - they will only take 800. Some credit card companies do not do this - but if you stop the direct debit (especially on a charge card) and just pay the actual account balance - then there is no charge. If I decide to pay my bill in 3 parts for example during the grace period so the… [cont.]
Asked by Stephen C - Fri Sep 7 09:37:34 2007 - Credit - 1 Answers - 1 Comments

A. Both you and the credit card company are trying to use the rules to their advantage. That is why I do NOT set up auto-pay agreements when I can pay on line myself. However, if I forget to make the payment, then I am up the creek. Auto-pay arrangements avoid forgetfulness. Some credit card companies do reduce the minimum payment by the credits when they are on the account books. Some do not do so until the bill is printed which would place the 200 against the next payment. You need to review the minimum payment schedule for the account. It should also have information how credits are applied. When you do in fact have a credit balance after paying off the account, most will send you a refund check without a fee. Verify that with this account. [cont.]
Answered by Jeff H - Mon Sep 10 05:30:56 2007

How long will owing previous taxes delay my refund?
Q. I am currently on an installment plan with the IRS for some previous taxes owed. The amount of my refund this year will exceed the amount I still owe and I know this will come out of my current refund. How long will this delay my receiving the remainder of my refund? Thanks!
Asked by Batya - Mon Feb 9 15:40:38 2009 - United States - 3 Answers - Comments

A. A couple of weeks tops. You will get credit for your refund as of the date the return is processed.
Answered by wartz - Mon Feb 9 15:44:54 2009

How long after refund checks are mailed from the IRS does it usually take to reach the mailbox?
Q. I saw on Where's My Refund that my refund check is due to be mailed on April 16 approximately how long does it usually take to get to West Virginia. Thanks everyone. Please real answers only I will and thanks for your help!
Asked by alisha t - Fri Apr 16 20:30:45 2010 - United States - 2 Answers - Comments

A. 1 to 5 mailing days in most of the country. Most checks are mailed from Philadelphia so 2 or 3 days would be reasonable to WV. BTW, don't waste your time ranting at the spammers. That crap is posted by bots and the dirt-bags that do that crap never see what you post. Just report them as spam so we can get rid of them.
Answered by Bostonian In MO - Fri Apr 16 20:35:13 2010

How does the refund process for a college class exactly work?
Q. I changed my mind on a class I'm registered and am worried about the refund process because my dad paid with a credit card. Does anyone know exactly how it works? Does the credit simply get placed back into the card?
Asked by redtinkerbell11 - Mon Jun 1 19:43:28 2009 - Higher Education (University +) - 2 Answers - Comments

A. No...at Penn State, where I went, if you drop a class, the refund check gets sent to your house (where you live when you're not at school...actually, I was off campus, so it may get sent to your dorm..but since this is summer I assume you're living off campus) and it's your name. Only you can cash it. It may be different, because it's a different school.
Answered by chris n - Mon Jun 1 19:55:46 2009

How do you resolve a direct depost tax refund that does not belong to you?
Q. My fiance had a tax refund show up in a checking account that he rarely uses. This is not the account he used to receive this years refund. He already received his refund to a different account months ago. On the 22nd of april he received a direct deposit refund that does not belong to him. Who do we contact to resolve this?
Asked by - Mon May 2 14:08:51 2011 - United States - 6 Answers - Comments

A. You could take the advice to keep it, which would be stealing and dishonest, but some people think that's O.K. Obviously you have more integrity than some and are wondering how to fix the error. I had a similar problem recently with an elderly client who got a $13,000 refund out of the blue. I called the IRS and they said the money was attributable to an estimated tax payment, and it was "hers to keep." I knew that was bogus. It must have been incorrectly credited to her account at the IRS in the first place, and the phone person wasn't about to make any effort to see if there was a mistake, much less fix it. My advice is to wait for the IRS to send you a notice saying they issued you a refund in error and they want their money… [cont.]
Answered by mrreliable3599 - Mon May 2 14:20:34 2011

How does a federal tax refund work?
Q. I have two W2's since I interned with my employer in 2 different states over the course of 2 semesters last year. If I enter the information for just one W2 (around $10K) into turbotax (and some other tax applications), it shows a federal refund amount of $850, but if I add the second W2 (also around $10K) the federal refund amount drops to $450. Is this right? Shouldn't the refund amount increase?
Asked by jQ - Wed Mar 19 13:35:24 2008 - United States - 5 Answers - Comments

A. the government mightve not taken the right amount of money out for the second job.. i would just leave it out..
Answered by Ivanna C - Wed Mar 19 13:39:46 2008

sales tax refund on items purchased in the US taken to foreign country?
Q. I am a resident of Mexico. I purchased electronics and jewelry in the US to take back to my home. Can I get a refund of the sales taxes? How?
Asked by Virginia P - Mon May 12 17:32:07 2008 - United States - 2 Answers - Comments

A. Check with the sales tax administering agency for the state in which you made the purchases. Texas, for example, would refund the sales tax if the purchases were used in the operation of a maquiladora, but apparently not for any other reason.
Answered by Steve B - Mon May 12 17:39:31 2008