Mechanics get a rough ride. They are often portrayed as modern cowboys and rip-off merchants. The truth is that they are being ripped off by the taxman. The vast majority buy their own tools and are missing out on tax refunds. It is not small change either. The average mechanic’s tool refund is over £800.
Obtaining a Federal Income Tax Refund
Youre getting an income tax refund! Those are the words that every taxpayer would love to hear. A federal income tax refund occurs if the tax you owe is less than the sum of the total amount of refundable tax credits claimed and the total amount of withholding paid. For many individual taxpayers those federal tax refunds can be obtained through Earned Income credit, a real refund of overpayment of tax, or through an overpayment from previous years. Some people really believe that getting a large income tax refund is not the greatest thing.
Tax Refund Email Scam IRS Warning
The IRS has issued a warning regarding a phishing email scam. The scam claims you are due a tax refund, but is really designed to obtain your personal information.
Tax Returns for the Deceased
Two things in life are certain death and taxes. Heres what to do if the two are combined as far as filing a tax return.
1 In 3 People “Owed” Tax Refund
There are 30 million taxpayers in the UK and, according to the latest research by tax refund company Refunds Direct, around 1 in 3 are owed a tax refund. Alarmingly, one of the most common payment mistake areas is income tax, where the average refund is over £800.
Checking The Status of Your Tax Refund Online
More than a few people are happy to learn they are due a tax refund after filling out their tax returns. If you are one of these people, here is how to check the status of your refund online.
How to Check the Status of Your Tax Refund Online
So, you were pleasantly surprised to learn that you are getting a refund on your taxes. Congratulations! The question for most taxpayers expecting a return is, “Where is my refund?”