Archive for the ‘Refunds’ Category

Substantial FICA Tax Refund

by P. Lewis Robinson
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Mar
22

News for companies that are downsizing

Severance pay for laid-off workers isn’t subject to Social Security taxes, according to a recent District Court decision (U.S. v. Quality Store, Inc.).

If you paid severance pay to laid-off workers dating back to 2006, you should consider filing a protective refund claim for taxes paid.

Kiplinger will help you determine whether you qualify for the refund and tell you all you need to know to file a refund claim during a special Tax Alert audio conference on April 1, 2010.

Visit their WEB sire to find out out more about this subject and to register for their special event. Kiplinger

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Seven Things You Should Know About Checking the Status of Your Refund

by P. Lewis Robinson
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Feb
26

Are you expecting a tax refund from the Internal Revenue Service this year? If so, here are seven things you should know about checking the status of your refund once you have filed your federal tax return. (more…)

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Get Your Refund Faster – Choose Direct Deposit

by P. Lewis Robinson
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Jan
28

If you want to get your refund as quickly as possible, just tell the IRS to deposit your refund directly into your bank account. By choosing Direct Deposit, you can get your refund much sooner than if you chose to have a paper check mailed to you.

Here are the main reasons 73 million taxpayers chose Direct Deposit in 2009:

1.     Security Thousands of paper checks are returned to the IRS by the U.S. Post Office every year as undeliverable mail. Direct Deposit eliminates the possibility you won’t receive your check and prevents your refund from being stolen.

2.     Convenience The money goes directly into your bank account. You won’t have to make a special trip to the bank to deposit the money yourself.

3.     Ease When you’re preparing your return, simply follow the instructions on your return. Make sure you enter the correct bank account and bank routing numbers on your tax form and you’ll receive your refund quicker than ever. (more…)

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