INCOME TAXES  

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speee1dy
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February 25, 2015 7:05 pm  

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


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CruzanIron
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February 25, 2015 8:59 pm  

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

Oh, I get it. Sarcasm, right?


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Yvonne
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February 25, 2015 11:46 pm  

....


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Yvonne
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May 3, 2015 4:14 pm  

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


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speee1dy
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May 3, 2015 5:10 pm  

thats interesting. wonder why


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CruzanIron
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May 3, 2015 5:22 pm  

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?


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stjohnjulie
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July 20, 2015 11:21 am  

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


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vicanuck
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July 20, 2015 12:46 pm  

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.


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CruzanIron
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July 20, 2015 1:23 pm  

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


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Alana33
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July 20, 2015 1:41 pm  

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.


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OldTart
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July 20, 2015 1:46 pm  

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.


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Spartygrad95
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July 20, 2015 3:18 pm  

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


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stjohnjulie
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July 21, 2015 9:08 am  

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.


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vicanuck
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July 21, 2015 11:29 am  

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.


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CruzanIron
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July 21, 2015 11:57 am  

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).


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vicanuck
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July 21, 2015 2:53 pm  

Buy cheap, sell steep.


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STXBob
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July 25, 2015 11:17 am  

This article http://virginislandsdailynews.com/news/collens-paints-dim-picture-of-finance-dept-1.1917250 says no 2014 income tax refunds have been issued yet, and they'll start next week.


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janeinstx
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July 25, 2015 5:03 pm  

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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