VI Tax Refunds: "Great Expectations 2010"
When you receive your refund, please post the date you got it, and the date you filed.
They owe me a bunch this year and I filed early.
It is too early to tell when Virgin Islands taxpayers will get their 2009 tax refunds - but they definitely will, Finance Commissioner Angel Dawson says. The V.I. government has struggled for years to send out tax refunds within 45 days of the April 15 tax due date, or by July 1. After that date, the government owes taxpayers interest on unpaid refunds.
"We're not technically required to issue any refunds yet, and people are knocking us down," Dawson said.
By the end of 2009, the government had paid all 2008 tax refunds, he said, and the 2009 refund checks will be sent, but he cannot guarantee all checks will go out by July 1. Refunds go out as cash becomes available, Dawson said, and the territory's cash position is precarious. The government is facing a $170 million budget shortfall for Fiscal Year 2010.
I actually called this afternoon, just for giggles (and because we're new and don't know exactly what to expect). The lady who answered told me that I could call back if we hadn't received our refund by June 1st. Honestly, that's better than what I was expecting!
Come to think of it, I didn't ask them if they meant 2010... 😮
Why exactly do people expect to get refunds? Why would you give the government an interest-free loan?
On a related note, I overpaid my taxes last year because I didn't claim the recovery rebate (which for some reason I thought had already been adjusted from my paycheck withholding amount) A few weeks ago I got a letter from the IRB explaining my mistake with a completed revised 1040X instructing me to just sign and mail back to an actual person with an office at the IRB for a refund....I'll just apply it to the tax I owe this year, but it was nice to see that they are checking and finding entire tax credits that people miss.
My husband just started working in the VI in September of 2009. Even after claiming all possible exemptions, we still ended up with a refund for some reason. Hopefully it was just because of it being a partial year? But we are not the type to have a huge amount taken out of the check each week just to have a big refund of "free money" in one large chunk the next year. As the business manager of the company where I used to work in Ohio, I tried to train all the young men just hired not to think that way.
I'm like AllMashUp in that I try to not have a refund from the VIRB; in fact try to make each year come out that we owe taxes.. In 2008 we paid in over $2000 but last week also received a 1040X from the VIRB saying we did not claim the recovery rebate & are due a $1200 refund or apply it to 2009 taxes. Does anyone know what that is "recovery rebate" was for?