How to Manage State Tax Refunds The last few federal tax payers do not receive much in the way of tax refund checks, unlike many who do drag their belt for a few months. Many people wrongly assume that this is not a very critical problem for them, especially as some have lived quite well all throughout the year and will have expected a large check from the federal government. Seldom do these people forget any such claims, or, failing that, fail to reason that they will owe only a very small amount of money to the IRS after January 1, and that they will do well to wait for the reimbursement check in a few months time. Federal authorities, however, do not forget what will happen if some of the last few citizens neglect this simple task, and the state authorities will not be very lenient. When the year has been good to you, or your business is doing well, but you do not file your income tax return, you might just settle for a pleasant surprise when the government returns your earni...
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Showing posts from October, 2020