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Re: INCOME TAXES

speee1dy
February 25, 2015 04:05PM

Registered: 9 years ago
Posts: 8,259

yvonne, the governor has promised to send all the refunds out this year

Re: INCOME TAXES
avatar

CruzanIron
February 25, 2015 05:59PM

Registered: 4 years ago
Posts: 2,383

Quote
speee1dy
yvonne, the governor has promised to send all the refunds out this year

Oh, I get it. Sarcasm, right?

Re: INCOME TAXES

Yvonne
February 25, 2015 08:46PM

Registered: 11 years ago
Posts: 164

....



Edited 1 time(s). Last edit at 02/25/2015 09:13PM by Yvonne.

Re: INCOME TAXES

Yvonne
May 03, 2015 01:14PM

Registered: 11 years ago
Posts: 164

Received my 2013 refund... check was issued by the IRS and sent from US mainland... did not include interest....

Re: INCOME TAXES

speee1dy
May 03, 2015 02:10PM

Registered: 9 years ago
Posts: 8,259

thats interesting. wonder why

Re: INCOME TAXES
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CruzanIron
May 03, 2015 02:22PM

Registered: 4 years ago
Posts: 2,383

Quote
Yvonne
Received my 2013 refund... check was issued by the IRS and sent from US mainland... did not include interest....

Did you paper file with the IRB here in the VI?

Re: INCOME TAXES

stjohnjulie
July 20, 2015 08:21AM

Registered: 9 years ago
Posts: 593

Has anyone seen their 2014 refund yet? If yes, when did you file?

Re: INCOME TAXES

vicanuck
July 20, 2015 09:46AM

Registered: 7 years ago
Posts: 2,095

Since the GVI is basically insolvent now, don't hold your breath waiting for 2014's refund. The best thing is to ensure you owe them a few dollars at the end of the year rather than having them owe you.

Re: INCOME TAXES
avatar

CruzanIron
July 20, 2015 10:23AM

Registered: 4 years ago
Posts: 2,383

No matter how insolvent, the tax returns will eventually be paid back. At 4% interest, I think it's a pretty safe investment.

Re: INCOME TAXES

Alana33
July 20, 2015 10:41AM

Registered: 5 years ago
Posts: 11,584

If you don't need your money any time in the near future, say, a couple years or so. I got a tax refund once from a tax return filed 5 years previously. The return was for a couple hundred dollars and the interest was negligible.

Re: INCOME TAXES

OldTart
July 20, 2015 10:46AM

Registered: 6 years ago
Posts: 6,524

Quote
CruzanIron
No matter how insolvent, the tax returns will eventually be paid back. At 4% interest, I think it's a pretty safe investment.

I agree. Several years ago I waited 3 years for return of a couple of hundred dollars and was quite satisfied with the accumulated interest.

Re: INCOME TAXES

Spartygrad95
July 20, 2015 12:18PM

Registered: 3 years ago
Posts: 1,878

I'm still waiting from mine from IRS since without efile here they put it in "amended returns" dept. the VI one.. Meh.

Re: INCOME TAXES

stjohnjulie
July 21, 2015 06:08AM

Registered: 9 years ago
Posts: 593

I wasn't holding my breath, believe me, but was just curious if anyone had seen a 2014 refund. I just got my refund from 2011 a couple of months ago. I figure they will audit me for 2014 and it will delay it further. I was audited in 2010, 2011, 2012 (with no errors mind you). I was never notified about the 2011 audit and after 30+ phone calls about when I would get my 2012 refund someone finally told me that I wouldn't get it until my 2011 audit was cleared. Audit? What audit? Then when I finally got the reason for the 2011 audit (EIC verification) they decided to audit me for 2012 too. I owed for 2013, guess what, no audit. Since I'm due a refund for 2014, I am going to guess that I will be audited again, and also have to wait a long time for notification of audit, and even longer for the refund. I am not in the position to 'owe' them anything, so the only way to avoid them owing me is to not take deductions (in large part related to my dependents), which would be stupid.

Re: INCOME TAXES

vicanuck
July 21, 2015 08:29AM

Registered: 7 years ago
Posts: 2,095

Its just a game that they play with your money. You don't have to play though. Make sure you owe them at the end of the year. The 4% interest they pay is peanuts.

Re: INCOME TAXES
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CruzanIron
July 21, 2015 08:57AM

Registered: 4 years ago
Posts: 2,383

vicanuck, please share. Risk free, no fee (and often no tax) short term investments over 4%? Other than Tax Lien Auctions (I already do those).

Re: INCOME TAXES

vicanuck
July 21, 2015 11:53AM

Registered: 7 years ago
Posts: 2,095

Buy cheap, sell steep.

Re: INCOME TAXES

STXBob
July 25, 2015 08:17AM

Registered: 11 years ago
Posts: 2,116

This article [virginislandsdailynews.com] says no 2014 income tax refunds have been issued yet, and they'll start next week.

Re: INCOME TAXES

janeinstx
July 25, 2015 02:03PM

Registered: 5 years ago
Posts: 614

The VI govt has about 9 days cash on hand and is looking to borrow to cover payroll(again). I wouldn't hold my breath. Honestly with the size of the check I wrote them in April you'd think they'd be ok....

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