States may hold on to tax refund checks!

[marvdmartian]

Years ago, when I lived in Guam (which doesn't have a state tax, but, due to an agreement with the IRS, collects the federal tax and then gets to use it to fund their General Fund), they were late paying refunds one year. Got mine in August, but they had to pay 6% interest, same as the federal government is required if they're late paying refunds (anything after June 15th, if I remember right).

The next year, they announced that due to fiscal problems, they were going to have to borrow in order to pay refunds! They had planned on doing a bond issue to pay for some waste water improvements they planned on doing, and simply added to that bond issue to cover the refunds!!

That year, even though I wasn't really supposed to do it, I filed as a non-resident, via the IRS office in Philadelphia. Guam still got the money they were entitled to, and I got my refund directly from the IRS, on time!! ()

 

[thegimp03]

Remember that last year, CA sent out IOUs to businesses instead of payments.
But they also wanted tax payments ASAP even if a company was holding a CA issued IOU.:twisted:

Yeah, I do. I believe they also considered "delaying" refunds for individuals as well, but at the last second ended up paying it out.

 

[EagleKeeper]

Taxpayer individuals cankick the scoundrals out of office. A business is much more difficult to vote them out.

 

[Zebo]

When we go to war government has taken our children to protect the nation...

When it runs out of money you can bet the government will take our assets to keep the nation functioning.

 

[Zebo]

Remember that last year, CA sent out IOUs to businesses instead of payments.
But they also wanted tax payments ASAP even if a company was holding a CA issued IOU.:twisted:

Did they ever pay those vendors? Last I heard this gals Teeshirt company had to shut down and they ruined her credit (she just started and charged much of the large state order on CCs)