Skip to comments.Illinois out of money for income tax refunds
Posted on 06/29/2011 3:06:06 AM PDT by blueyon
With the start of a new budget year just two days away, thousands of Illinois businesses are still waiting for state income tax refunds dating back to 2009.
The Illinois Department of Revenue said Tuesday it would end the fiscal year June 30 still owing about $620 million in business income tax refunds. As of June 21, the department still owed 7,572 business income tax refunds, although spokeswoman Sue Hofer said the number by the end of the month would be lower because some since have been paid.
The oldest of the overdue refunds goes back to April or May of 2009, she said. The average amount of the refunds owed is $104,000. Hofer said refunds less than $5,000 have been paid.
"There is not enough money in the Income Tax Refund Fund," Hofer said in explaining the delays.
(Excerpt) Read more at pjstar.com ...
Michelle, my bell, could give up a few fat-food trips
to Africa, and settle her state’s shortfall....
OK, I know that is beyond their royalty code of ethics.
Witness the death throes of the liberal welfare state. Stealing money that isn’t their’s to keep the spending going. Like a junkie who borrows money from a family member to buy drugs with no way of paying it back. This is a default. They borrowed and can’t repay at maturity.
They should ask Mayor Rahm where to get money---the little guy knows where to get lots and lots of money.
After all, before he was Mayor, he was Ohaha's COS AND controlled the e-n-t-i-r-e US Treasury AND put his brother in charge of billions and billions of medicare/Aid and OCare monies.
AND before that.....Rahm was on Wall Street. Heck, everybody knows Wall Street knows how to make money disappear faster than a cream puff at a Weight Watcher weigh-in.
What? You don't believe me? So how come mayoral candidate Rahm announced he had raised a whole $10 million dollars in only three short days?
Boo friggin’ hoo !!!
“Well”, says the cute young thing behind the counter, “the money you pay for the coffee goes in this drawer and your change comes from this other drawer. The change drawer is empty so you get no change.”
So why not take some from the first drawer?
“Oh”, she adds helpfully, “the first drawer is empty too.”
Yours is better.
Funny what would happen to IL businesses if THEY didn’t PAY...
And yet this government isn’t reducing its cost to cover these obligations? Truly criminal.
Of course the state will be paying interest and penalties on these late refunds. Right?
A great example of why one should NEVER over withhold.
Ill. don’t need no stenkin revenue. This is proof. Now, got to get to it and sto any development of the shale oil deposits,,,Ill.don’t need no stenkin revenue Barney.
THE USPS is not contributing to the retirement funds of their workers now.
States continually run out of money to pay Unemployment.
Now many are having trouble paying out tax refunds ( I think it was California who gave out IOUs last year in lieu of tax refunds.)
And in the last few days locally I and a few friends have noticed many lower income people out trying to borrow money. They just walk up to you on the street and ask for 10 or 20 bucks. I know this is more common in bigger cities but around here people don't usually walk up to total strangers to ask for cash.
Twice it has happened to me and both times I asked why they needed it. Both said their food stamps ran out before the month did. 3 other of my friends have had the same experience. Locally grocery prices have jumped considerably especially on staples like bread and milk, potatoes even boxed items like hamburger helper and Mac-n-cheese. And I don't even want to mention meat prices.
What happens if the State doesn't have money for the food stamp program and we have a small disruption in the system for just a few days?
Right now people are asking nicely but how nice will they be if the can't get food for 4 or 5 days?
I fear for my country and I don't think there is much we can do about it right now. I think we have to hit critical mass before we can change direction and get out of this mess!
Maybe the could sell some used Senate seats...
As well as file early before they run out of money.
Amend the original return and apply the refund to next year’s tax.
Since day one of its availability I filed online right through the IL Dept of Revenue. It's free and takes about 10 minutes including printing your final form. And there's never been a problem as you cannot make a mistake.Now I should have been a smart ass and asked her if she waits Six Months for her rotten pay check but I was still shocked at the 180 day BS. Anywho I have now resolved it that MY $199.00 is forever GONE and I will never see it.
And this year was no different and like always my 'refund' showed up in the Bank in about 4 business days - pretty darn good. BUT. It didn't look 'right' and I was too busy to double check the amount. And then the next day came 'The Letter'.
'We have reviewed your return and have 'adjusted' it to (blank) amount. See attached page for documentation. If you agree do nothing, if you dispute our finding please forward 'X' along with 'Y' by such date.'Now this was the 1st time this 'missing' documentation' ever came up and per the online filing you can't even submit it! So you can bet the rent I disputed their 'adjustment' and sent everything they wanted the next day. And then I waited.... And waited.... And waited.... Then after three weeks I called the number on that 1st letter to find out WHERE MY MONEY WAS!!
The *nice lady* who I talked to said: 'We haven't gotten around to those yet'. And I asked, 'Okay, when will it be' She said, 'Oh, not for about 120 to 180 DAYS.' My head almost exploded since 180 days is SIX fricken MONTHS!
But that's Okay. As I don't get mad -- I get even.
Actually I do get mad, but try not to any longer.
The results are never pretty ;-)
No penalties, but interest, yes.
Greek like tax collections
The non existent kind
Why would any Chicago business pay city taxes now ?
Sometimes the law defends plunder and participates in it. Thus the beneficiaries are spared the shame, danger, and scruple which their acts would otherwise involve. Sometimes the law places the whole apparatus of judges, police, prisons, and gendarmes at the service of the plunderers, and treats the victim when he defends himself as a criminal.
This legal plunder may be only an isolated stain among the legislative measures of the people. If so, it is best to wipe it out with a minimum of speeches and denunciations and in spite of the uproar of the vested interests.
But how is this legal plunder to be identified? Quite simply. See if the law takes from some persons what belongs to them, and gives it to other persons to whom it does not belong. See if the law benefits one citizen at the expense of another by doing what the citizen himself cannot do without committing a crime.
Then abolish this law without delay, for it is not only an evil itself, but also it is a fertile source for further evils because it invites reprisals. If such a law which may be an isolated case is not abolished immediately, it will spread, multiply, and develop into a system.
Frederic Bastiat 1801-1850
IL Businesses: Move to a right-to-work state that doesn’t squander [as much of] it’s resources on bloated welfare state programs.
Yes one more log into the steam engine of socialism heading down the tracks full throttle a few miles from the canyon with no bridge
It’s going to be one hell of a spectacluar wreck
Simple fix. The state just amends the business's tax returns to say an additional tax is owed that equals the claimed refund.
(Is that the Chicago way?)
As usual the Illinois politicians used your refunds for graft.
This is like something straight out of a Third World country.
Thanks and if you like it, it’s yours.
Illinois, Massachusetts, California and New York. Chicago, Boston, Los Angeles, New York City. Watch them rot.
Think Greece or worse. Civil disobedience is already occurring.
In Upper Darby, PA, they've instituted a curfew for everyone (8 PM - 6 AM) because of youth gang attacks and robberies. That will be the norm as well as National Guard patrols in the streets of major cities.
Or maybe people will just have to try super hard to find a job of any type. But with generations of people accustomed to the dole, the entitlement mentality is ingrained and will take several generations to shake.
My friend told me about a man who runs nursing homes in Illinois. He has not gotten paid the state part of medicaid for 3 years! He went to court to try to remove those people from the homes and was not allowed to. He also was not allowed to close the nursing homes, and was told to keep on writing those checks for supplies, utilities, workers etc.
He finally, after years of wrangling, looked at the judge and said “Your honor, I will keep writing the checks, but at some point there will be no money in the account.”
He has been subsidizing the state for 3 years! The state has been stealing from him for 3 years, sanctioned by the courts! What happens when the money is gone and nobody gets paid, the power is turned off, and food is no longer delivered?
The poor fellow gets arrested and jailed for Medicaid fraud.
We learned the hard way last year that every time you ask a question or send a registered letter your return is “pulled” from the line, reviewed and returned to the bottom of the list.
We went from having 38K personal returns in front of our return (in which they had returned $123 of a $1500 return) to being at 108K.
So - the lesson learned here is never ask questions. We received our 2009 return in March of this year. The $12 interest did not make up for the error. Oh and we paid taxes on the $12.
Wouldn’t it be interesting if some nosy newspaper man found out Rahm and other pols and govt employees got IRS refunds? LOL.
Illinois sucks. I can’t believe I let my Wife talk me into moving here.
To paraphrase Obi Wan Kenobi: it is a retched hive of scum and villany.
I wonder if Illinois politicians have considered how much revenue is lost to neighboring states because of the budensome taxation here? I save up to 40 cents a gallon by buying gasoline in Indiana. When I smoked cigarettes, a pack in Indiana cost half of what it cost in Chicago. I see a steady flow of my neighbors going to Indiana to do business. I notice a similar difference in cost in the St. Louis area between Illinois and Missouri. And, comparing the business climate in my neighborhood with that of northwest Indiana — businesses of all kinds flourish in northwest Indiana, while many businesses you’d expect in an area like southeast Chicago are non-existent. For example, another reason I buy gasoline in Indiana is I couldn’t buy it my neighborhood even if I wanted to. There are no gas stations for miles. When the Dominick’s closed, we went for years without a large grocery in the area.
-——one should NEVER over withhold——
Is with holding involved with State Income Tax? I would not.
My thought would be that rather than send a tax payment, Iwould send a debit memo indicating that unpaid refunds have been charged for the current taxes due.
Anyone owed a refund and not getting it should file a federal lawsuit demanding it with interest. At the minimum they should be awarded their damages and get a writ to go take State property to pay the debt.
She knew what I was talking about from just that. So apparently their 'automatic adjustments' are now made to a LOT of Online Tax Filers that the State is 'broke'.
It's a lot easier to cheat Tax Payers out of a couple hundred bucks each instead of cutting spending or stop buying votes from minorities.
But my idea was that WE ALL MOVE. We pool all our money and buy 100 acres and set up our own little Fenced and Guarded Compound with separate houses on our 'new ranch' land. But then wham -- all of a sudden the dam Libs started buying up all the land in Montana. From Ted Turner to that ABC news mope with the black bushy eyebrows who hated Nixon. And iirc Ted Turner owns the biggest ranch in Montana now (raises Buffalo).
So the 'new plan' is: Wyoming. Ranch Land is still 'somewhat reasonable' there, about $2K an acre.
*** To paraphrase Obi Wan Kenobi: it is a retched hive of scum and villany. ***
Plus every day the Dems running the State prove that Einstein was right once again when he said: "The difference between stupidity and genius is that genius has its limits." That fits the RATS to a TEE, and is why I've been using it for my tagline.
The only 'Reporter' that would touch that is John Kass of the Chi Trib. He came up the 'news business' the old fashioned way by starting at the bottom, so I use 'Reporter' out of respect. Plus, he's a Chicago guy, born and bred. The son of a butcher.
Every other 'news man' in Chicago is a 'sissy'. Daley made them wet their pants in fear and now they 'tingle' over Rahm. 'Heck', they had Rahm 'knighted' as mayor the day he resigned from the White Hut. To them, no election was even needed. Rahm was the new mayor -- period, end. (bunch of friggen mutts)
I agree with your comment about taxes. Last Nov., I saw State Sen. Chris Lauzen during a meeting of the Illinois Center Right Coalition. He asked all attendees to give suggestions for the government, and he said that he’d give our suggestions to Gov. Quinn. I suggested that they cut the state sales tax rate from 6.25% to 5.5%. I said that many Illinois residents shop in neighboring states, to avoid the high sales tax rate. I said that, if the tax rate is lower, more people will shop in Illinois, causing the state to get more money.
Cut the sales tax. Cut the gasoline tax. Cut the cigarette tax. Cut wherever else we are in disparity with our neighbors. Of course, I don’t expect that to happen with the current outfit in charge, and considering the depth of the hole they have dug for us.