Category Archives: Refund

Repaying Social Security

Today TaxMama hears from Barb in San Diego who asks. “If I return my Social Security payments that I have previously paid income tax on, can I get a refund of those taxes on returns filed more than 3 years ago i.e. prior to 2005 tax year?”

No Notice

Today TaxMama hears from Cathy in New Jersey, who is very unhappy. “The IRS shorted my 2007 income tax refund. The property I owned went into foreclosure and the bank repossessed it. The bank sold the property in June 2007 and I did owe taxes on the property. Can the IRS automatically garnish my 2007 […]

Injured Hubby

Today TaxMama hears from Whitney in Oregon who tells us: “I have defaulted on my student loans. Last year they seized our tax refunds. We filed an injured spouse form and got my husband’s refund back – six months later. I am trying to keep that from happening this year. If I file married, but […]

AMT Twist?

Today TaxMama hears from Steve in Alaska who sends a very long question. To summarize, he says: “Using TurboTax, my standard deductions are higher than my itemized deductions. Yet, choosing the standard deduction, I OWE the IRS approximately $1,650. But if I itemize deductions, I get a REFUND from the IRS of about $450. Why […]

MarketWatch’s Tax Resource

Those of you who were incensed and insulted with the wastefulness of the new rebates, you’re not alone. You’ll find Jennifer Waters’ article “Take your stimulus rebate and shove it, many readers say” Andrea Coombes gives you “Five valuable tax perks you don’t want to miss when you file” I learned some amazing things about […]

Got IRS Refund – Won’t be Audited

Today TaxMama hears from Linda in Denver, with this wonderful question, “Is it safe to assume that you will not be audited if you receive the refund that due you?” Dear Linda, What an interesting perspective? IRS sends you a refund. And there will never be an audit of that year. I like it! If […]

Deduct Lost Refund

Today TaxMama hears from Bruce in the Tax Parlor, asks an interesting question. “I filed 1997 taxes well past the 3-year statute of limitations to get my refund. Naturally IRS denied my request for my $8,000, saying I had filed too late. Is there any way to get IRS to release that refund? Or can […]

Education Credits

Today TaxMama hears from Mike in the Tax Parlor says, ” I was just wondering how the Hope Credit works. I am a Graduate Student and was disappointed that my refund was low (about $200 compared to previous years when it had been $500), so I was going through looking for things I missed. I […]