What were the refunds for??
Posted By: Behind the times on 2005-09-11
In Reply to: Now I've seen it all... - MQPerson
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avoid refunds
Why would you want a refund? If you're getting a refund that just means you overpaid your taxes the previous year; in effect you gave the government an interest-free loan of YOUR MONEY.
Ideally you should set up your withholding so that you end up having to pay some extra taxes when you file your return (but not so much as to trigger a penalty). That way you get to hold on to your money as long as possible and can at least earn some interest by keeping it in a CD or money market account.
Refunds are great fun
Personally I like getting a refund, it's almost like a bonus every year. I realize that it's like an interest free loan to the government but having an extra $100 or $200 a month added onto my paycheck isn't nearly as much fun as getting $5000 or more in a lump sum in January. I'm sorry if you all think that's dumb but I look forward to getting to go and buy something fun that I normally wouldn't be able to afford. You do it your way and I'll do it mine. 
Article on IRS holding refunds - sm
Any one ever have trouble with this? It seems like every year they come up with some excuse to hold our refund....usually for 5 weeks past when it was due to be paid. One time it was because they could not find my SE tax payments, they were looking under DH's SS#, not mine (really brillant there, 2 #s on the tax return but only check the main one); last year some trumped up thing about his ex-wife owing taxes and they wanted to make sure he was not liable (they had been divorced for 12 years at that point, and we had been married for 8), in-between these 2 excuses there was another one, though I cannot remember what it was now, in all cases except for last year they held our refund up for 5 or so weeks, last year it was supposed to be held for 3 weeks though they ended up holding it up only for about 10 days which surprised me quite a bit. For some reason we get put on this "black list" every year, drives me nuts. I have been audited 2 x too, though it was an internal audit at their end, all they did was send a bill, for which I knew I was at fault as I had failed to report some stuff my dad had in my name and he just would never get me the info I needed so I filed anyway without it, but it was relatively painless, though I wonder if that past error is now going to forever haunt me. Anyone else have fun with tax time?
I remember the days of refunds.. Now all we do is pay pay and more pay
Stinks to be us.
What's wrong with brokers wanting refunds?
Ameriplan advertises a refund if not satisfied, but then fails to do so when requested. That's blatant lying and cheating people. And why are the brokers dissatisfied? If it was a good product sold in a fair manner, there wouldn't be this many complaints. You can try to defend them until you're blue in the face, but the facts are that you're soliciting and Ameriplan cheats people out of their money with false claims.
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