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In addition to federal tax refunds, state tax refunds can go missing, as well. However, as there are 50 individual states, there is no national point of contact you can use to track down an old ...
Historically, the IRS has been able to process most returns and issue tax refunds within 21 calendar days of receiving it. Read on to get more info about waiting on your tax refund .
It’s been nearly a year since Lori Meyers and her husband filed their 2019 federal return, but they’re still waiting for their tax refund to arrive. The total amount the government owes them ...
The Kansas experiment was a name given to a controversial and widely noted tax-cutting policy/agenda of Kansas Governor Sam Brownback that began with Brownback signing a bill cutting state taxes (Kansas Senate Bill Substitute HB 2117), in May 2012, [1] [2] and ended with the Kansas legislature's repeal of the bill in June 2017.
Media Trackers, a conservative organization, applied to the IRS for recognition of tax-exempt status, and received no response after waiting 16 months. When the organization's founder, Drew Ryun, applied for permanent tax-exempt status for an existing tax-exempt organization with what he said was a "liberal-sounding name" ("Greenhouse Solutions ...
The doctrine is applied to prevent tax abuse, such as tax shelters or bailing assets out of a corporation. The step transaction doctrine originated from a common law principle in Gregory v. Helvering, 293 U.S. 465 (1935), which allowed the court to recharacterize a tax-motivated transaction. [1]
Learn More: Here’s What Could Happen to Your Money in Trump’s First 40 Days in Office Read Next: How Middle-Class Earners Are Quietly Becoming Millionaires — and How You Can, Too
[11] The key element was the reference to "tax revenue increases" now being up for negotiation. An immediate furor followed the release. The headline of the New York Post the next day read "Read my Lips: I Lied." [12] Initially some argued that "tax revenue increases" did not necessarily mean tax increases. For example, he could mean that the ...