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Cash-Strapped States Delay Paying Income-Tax Refunds
Yahoo ^ | 3-5-10 | cnbc

Posted on 03/06/2010 10:35:33 AM PST by cajuncow

This year, more Americans and businesses may be asking: Where's my tax refund?

That's because cash-strapped states such as North Carolina, Alabama and Hawaii have been forced to slow down issuing income tax refunds to individuals and businesses because of a lack of funds in their budget.

Kansas has hinted that a delay might be possible, and processing paper refunds in Iowa has slowed because the state doesn't haven't enough employees to get them processed faster.

Another state, New York, is still considering whether they'll follow the likes of Hawaii and delay refund payments.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Breaking News; Government; News/Current Events
KEYWORDS: alabama; biggovernment; hawaii; incometax; kansas; michigan; newyork; northcarolina; refunds; taxes
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1 posted on 03/06/2010 10:35:33 AM PST by cajuncow
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To: cajuncow

Should be in “breaking news” sidebar, IMO. Next year at this time, it won’t just be three states. It will be those states, plus the other 54.


2 posted on 03/06/2010 10:38:28 AM PST by library user
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To: library user

Something seems odd that the states and feds extort the money from people then complain about having to make refunds on that which was illegally gotten.

Our system is broken. Pray that November brings a clean crop of congressmen, and that they repeal the 16th amendment, install the Fair Tax, and repeal all these spending bills. This upping the ante on tax to cover their spending has to stop.


3 posted on 03/06/2010 10:44:47 AM PST by Concho
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To: cajuncow

re: the state doesn’t haven’t enough employees to get them processed faster

And yet we hear that government employment at the state level is higher than it’s ever been. Government at every level is just about the only one hiring these days, and yet every state complains of not having enough employees to get the work done.

Let a business in one of these three states ask for some more time to get their taxes paid because they are experiencing budget problems and see how far they get.

The state should be just as penalized for failing to return money to a business as the business would be for failing to pay the tax.

Good for the goose and all that sort of thing.


4 posted on 03/06/2010 10:44:55 AM PST by jwparkerjr
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To: library user

Knew this was coming. Last summer insisted my husband change his withholding to minimums. He was not a happy camper at that time. Now I’m looking like a genius.


5 posted on 03/06/2010 10:46:05 AM PST by Josa
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To: library user; cajuncow
Should be in “breaking news” sidebar, IMO. Next year at this time, it won’t just be three states.

I agree.

Last I checked, Virginia is instructing its taxpayers that paper returns and requests for check refunds may be delayed due to budget cuts. Electronically filed returns and requests for direct deposit refunds, however, are proceeding quite speedily.

6 posted on 03/06/2010 10:46:22 AM PST by rabscuttle385 (Live Free or Die)
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To: cajuncow

‘Kansas has hinted that a delay might be possible, and processing paper refunds in Iowa has slowed’ —————So is it just for paper filers???


7 posted on 03/06/2010 10:47:55 AM PST by Freddd (CNN is down to Three Hundred Thousand viewers. But they worked for it.)
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To: cajuncow

You mean there are states that have a state income tax?

Seriesly?

Glad I live in Texas.


8 posted on 03/06/2010 10:49:32 AM PST by Responsibility2nd
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To: library user

LOL!


9 posted on 03/06/2010 10:50:43 AM PST by stephenjohnbanker (Support our troops, and vote out the RINOS)
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To: cajuncow
"refunds in Iowa has slowed because the state doesn't haven't enough employees to get them processed faster."

Interesting variation on the "Cut Fire And Police" Scam.

10 posted on 03/06/2010 10:54:00 AM PST by Psycho_Bunny
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It took only a month for the refund check on a paper return in Louisiana to arrive.


11 posted on 03/06/2010 10:54:07 AM PST by cajuncow
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To: Responsibility2nd
You mean there are states that have a state income tax?

Seriesly?

Glad I live in Texas.

well to pay to maintain infrasturcture schools etc...you either pay income tax or property tax....or tolls...or fines...or whatever.

but here in NY they do it all.

12 posted on 03/06/2010 10:56:22 AM PST by Vaquero (BHO....'The Pretenda from Kenya')
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To: cajuncow

How is this even legal?!? IT IS NOT THEIR MONEY, THUS THE REFUND!


13 posted on 03/06/2010 11:00:46 AM PST by KansasGirl
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To: Responsibility2nd
Glad I live in Texas.

You must rent. I lived in Texas 17 years....my property taxes on my house went from $600 to $1800 to $3600 to $4800 dollars in 8 years in Ft. Worth. I paid $21 for property taxes last year. You can keep Texas and their "no state tax".

14 posted on 03/06/2010 11:01:39 AM PST by ScreamingFist
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To: cajuncow
Reduce your withholding so you don't make the same mistake of overpaying next year. If you get a refund you just lent the government some interest free money for a year.
15 posted on 03/06/2010 11:02:13 AM PST by KarlInOhio (New Olympic tagline Shut up, Bob Costas. Shut up! Shut up! Shut up! Shut up! Shut up! Shut up!)
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To: 1-Eagle; 131st Scout; 2CAVTrooper; 65superhawk; 6Covs; A.P.M.; adkinsjohnnie; Alabama Mutt; ...

Bama ping.

News of interest regarding your income tax returns.


16 posted on 03/06/2010 11:02:17 AM PST by Ultra Sonic 007 (To view the FR@Alabama ping list, click on my profile!)
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To: cajuncow

First the rob you off your own money and then delay returning your own money to you. I’m tellin ya, we needs a revolution here......


17 posted on 03/06/2010 11:06:59 AM PST by John-Irish ("Shame of him who thinks of it''.)
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To: KarlInOhio

Exactly, I have the minimum withheld and then get back a minimal refund. I used to be so puzzled by (and jealous of! :)) my similarly-paid coworkers who got back large refunds. I finally stopped and thought about it...I’m bringing home far more per month than they are.

Yes, they are letting the government use their money interest-free.


18 posted on 03/06/2010 11:10:14 AM PST by TXBlair (I'm spending my spring break in Vegas because O'Bama told me not to. Happy St. Patrick's Day!!)
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To: cajuncow

Texas doesn’t have that problem.


19 posted on 03/06/2010 11:12:21 AM PST by Marty62 (former Marty60)
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To: cajuncow

Try paying your taxes late and see what breaks loose.


20 posted on 03/06/2010 11:14:02 AM PST by bt579 (America elected a reader when it needs a leader. Clean the House in 2010, Right the Wrong in 2012.)
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