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INCOME TAXES

(@speee1dy)
Posts: 8867
Illustrious Member
 

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

 
Posted : February 25, 2015 7:05 pm
CruzanIron
(@cruzaniron)
Posts: 2531
Famed Member
Topic starter
 

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

Oh, I get it. Sarcasm, right?

 
Posted : February 25, 2015 8:59 pm
(@Yvonne)
Posts: 163
Estimable Member
 

....

 
Posted : February 25, 2015 11:46 pm
(@Yvonne)
Posts: 163
Estimable Member
 

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

 
Posted : May 3, 2015 4:14 pm
(@speee1dy)
Posts: 8867
Illustrious Member
 

thats interesting. wonder why

 
Posted : May 3, 2015 5:10 pm
CruzanIron
(@cruzaniron)
Posts: 2531
Famed Member
Topic starter
 

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?

 
Posted : May 3, 2015 5:22 pm
(@stjohnjulie)
Posts: 1048
Noble Member
 

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

 
Posted : July 20, 2015 11:21 am
(@vicanuck)
Posts: 2928
Famed Member
 

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.

 
Posted : July 20, 2015 12:46 pm
CruzanIron
(@cruzaniron)
Posts: 2531
Famed Member
Topic starter
 

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

 
Posted : July 20, 2015 1:23 pm
(@alana33)
Posts: 12366
Illustrious Member
 

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.

 
Posted : July 20, 2015 1:41 pm
(@the-oldtart)
Posts: 6523
Illustrious Member
 

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.

 
Posted : July 20, 2015 1:46 pm
(@Spartygrad95)
Posts: 1885
Noble Member
 

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

 
Posted : July 20, 2015 3:18 pm
(@stjohnjulie)
Posts: 1048
Noble Member
 

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.

 
Posted : July 21, 2015 9:08 am
(@vicanuck)
Posts: 2928
Famed Member
 

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.

 
Posted : July 21, 2015 11:29 am
CruzanIron
(@cruzaniron)
Posts: 2531
Famed Member
Topic starter
 

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).

 
Posted : July 21, 2015 11:57 am
(@vicanuck)
Posts: 2928
Famed Member
 

Buy cheap, sell steep.

 
Posted : July 21, 2015 2:53 pm
(@STXBob)
Posts: 2138
Noble Member
 

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.

 
Posted : July 25, 2015 11:17 am
(@janeinstx)
Posts: 688
Honorable Member
 

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....

 
Posted : July 25, 2015 5:03 pm
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