I have more than one clients whose stimulus payment was reduced by the tax due on the tax return. But the thing is they have also sent a check payment for the tax due already. How will the payment by the taxpayer be handled? Will it be automatically refunded to the taxpayer? Or does the tax payer have to request for the refund by writing? Thanks.
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It will take them about 3-4 weeks to sort it all out and send the money back to the taxpayer. This is why I told most of those who owe that they could just short-pay by roughly the amount of the rebate, minus $50 or so."The only function of economic forecasting is to make astrology look respectful" - John Kenneth GalbraithComment
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John H is correct
John H is correctComment
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John H
is always right.Comment
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You're talking about my political views, not my tax knowledge - right?"The only function of economic forecasting is to make astrology look respectful" - John Kenneth GalbraithComment
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Both
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tax knowledge only, IMHO. Politically, he's always wrong!
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Call me right, call me wrong, just please don't ever call me left.
"The only function of economic forecasting is to make astrology look respectful" - John Kenneth GalbraithComment
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Only in government or politics is a "cut in spending" really an increase. It's just not as much of an increase as they wanted it to be, therefore a "cut".Comment
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Yes, that was a predictable outcome in Mecklenburg County. The down-ballot problem bit Pat McCrory & most other Republicans when the Obama voters just decided to go ahead and check off the Democratic box for everything else. Same thing happened to Elizabeth Dole.
As for McCrory, he's such a free spender that some voters have trouble figuring out what party he belongs to until they see the ballot. He's the poster boy for the definition of a RINO (Republican In Name Only), so I suspect there won't be much difference between Pat and the the Democrat who won insofar as how the state government operates for the next 4 years."The only function of economic forecasting is to make astrology look respectful" - John Kenneth GalbraithComment
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