Tag Archives: Refund

For Many Small Businesses, Fall Filing Deadline Looms for Special Refund Claims

WASHINGTON — Time is running out for many small businesses wishing to take advantage of the expanded business loss carryback option included in this year’s recovery law, the Internal Revenue Service said today. Eligible individuals have until Oct. 15 to choose this expanded carryback option. Eligible calendar-year corporations have until Sept. 15. This carryback provision […]

What is a New Home

Today TaxMama hears from Linda in Florida, who tells us. “I have been buying a piece of land for about 9 years. Recently I purchased a mobile home ($500.00 cash) to put on it. Does this qualify me for the new home purchase tax refund?”

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 […]

No Refund Today

Today TaxMama hears from Tammy in Pasadena, CA who’s upset, “I filed my 2005 tax return as was getting a pretty sizable return. IRS kept it. They told me that I would have to file for 2001 – 2004 to make sure that I didn’t owe them any money before they would give me the […]

Late Filed Refunds

Today Barry from Richmond, VA is upset because he got a letter from IRS refusing to give him his refunds. “Is there any way to file for and get tax refunds for years that are past the ‘3 year refund limit’?”