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Tax Refund

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NEWS
October 30, 2012
HERE'S WHAT will be making news in Philadelphia this week:   CITY HALL Council considers school closings Debate over the future of the embattled Philadelphia School District will continue in City Council. Council's education committee was set to meet Tuesday to discuss a report released over the summer that suggests school closings and other methods to improve the district's finances. The report proposes closing up to 57 schools and modifying teacher contracts as a way to get the district out of the red. But the findings drew criticism from the teachers union, which has called it a proposal to dismantle the district.
NEWS
August 29, 1991 | By Joyce Vottima Hellberg, Special to The Inquirer
Taxpayers in the Tredyffrin/Easttown School District can expect a property tax refund from the district. Because of the altered state budget adopted earlier this month, the district will reopen its budget to make allowances for the increase in the basic education subsidy and decrease in retirement contributions. The decrease in the estimated property tax revenue totals $526,384, about 2.1 mills. "We had taken a middle-ground approach when we prepared our budget," acting Superintendent A. Barry Yocom said at a meeting Monday.
BUSINESS
May 17, 1988 | By Cynthia Mayer, Inquirer Staff Writer
BP Oil Inc. will receive a $1 million refund under a proposed settlement of a lengthy tax dispute in Delaware County, lawyers said yesterday. The settlement ends a six-year legal battle in which the company argued that its refinery along the Delaware River had been appraised at far more than it is worth. Under the agreement, expected to be signed this week after approval by the county Board of Assessment, Delaware County, the boroughs of Marcus Hook and Trainer and the Chichester School District would refund a portion of the taxes they have received from the company since 1983.
NEWS
March 13, 2013
MANY TAXPAYERS think that getting a federal refund is a big deal. They look forward to it all year. It's the largest lump sumthat lots of people receive, according to the American Tax and Financial Center at TurboTax, the tax-software company. Last year, the average federal tax refund was about $2,800, about $100 less than in 2011, according to the IRS. In 2010, the average refund was about $3,000. Typically, you pay federal taxes by having a portion withheld from your pay. If too much is withheld, you get a refund.
BUSINESS
April 29, 2014 | By Erin E. Arvedlund, Inquirer Columnist
With the April 15 personal income tax deadline behind us, Pennsylvania taxpayers awaiting refunds can check the state revenue department's online tool "Where's My Refund?" Any taxpayer can punch in the primary Social Security number listed on the return and the expected refund amount at: www.revenue.state.pa.us . Under the online services tab, select "Where's My Refund?" Information on electronically filed returns is available within a day or so. Taxpayers who file paper returns should allow six to eight weeks from the date the return was mailed before checking.
BUSINESS
December 1, 2005 | FROM INQUIRER WIRE SERVICES
The nation's tax collectors warned consumers yesterday about a bogus e-mail that appears to come from the Internal Revenue Service and promises a tax refund. The e-mail purports to be from "tax.refundsirs.gov. " But it is a case of attempted identify theft - that is, a scam in which the senders are trying to fool recipients into revealing personal and financial information, IRS officials said. They said the e-mail has directed recipients to a link that requests information such as a Social Security number and credit-card information on a special form they are told to complete.
NEWS
April 6, 1989
A lot of people will never forget Spiro T. Agnew, even though few had heard of that dim citizen when Richard Nixon, Beelzebub of American politics, chose him as vice presidential candidate. We soon heard more than enough. Armed with the vicious rhetoric of Patrick Buchanan, Agnew became the champion of those ingrown souls who wanted to shoot their own children. He roared about the "silent majority" and its moral values. He was also taking bribes. It's only fitting that the mutton-headed, alliterative champion of the moral values of the Nixon administration was a crook.
BUSINESS
April 21, 2014 | By Reid Kanaley, Inquirer Columnist
Last-minute tax filers who were due money back from the Internal Revenue Service are just getting, or still awaiting, their refunds. Here are ways to decide what to do with the cash. Kiplinger.com says refunds, which average around $3,000, should go "to bolster your personal balance sheet. " First, consider giving yourself a raise, this post suggests, "by adjusting your tax withholding to increase your take-home pay. " More immediately, use the money you got back from the IRS to pay off credit-card debt, or set it aside for an emergency fund, or boost a savings, retirement, or college account.
BUSINESS
April 17, 2011 | By Gail MarksJarvis, Chicago Tribune
Be kind to yourself. The average tax refund coming to taxpayers this year is $2,952, and some people will be so kind to themselves that they will turn it into $20,000 or even $50,000. How? Here are three ideas that will turn $2,952 into a hefty sum: Save for retirement. If you are among the people who have no idea where to find money to start or prop up their retirement savings, your tax refund can supersize the possibilities. Let's say you are 25 and decide to open your first individual retirement account.
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BUSINESS
December 30, 2014 | By Erin E. Arvedlund, Inquirer Columnist
As taxpayers, we entrust vital personal data to the person preparing our tax returns, including pay stubs, investments, and Social Security numbers. But not all tax-preparers are ethical. To thwart identity thieves and other unscrupulous tax-preparers, the Internal Revenue Service in January plans to launch a database of those the agency deems qualified. This new Directory of Federal Tax Return Preparers with Credentials and Select Qualifications (not a joke - that's the name)
BUSINESS
April 29, 2014 | By Erin E. Arvedlund, Inquirer Columnist
With the April 15 personal income tax deadline behind us, Pennsylvania taxpayers awaiting refunds can check the state revenue department's online tool "Where's My Refund?" Any taxpayer can punch in the primary Social Security number listed on the return and the expected refund amount at: www.revenue.state.pa.us . Under the online services tab, select "Where's My Refund?" Information on electronically filed returns is available within a day or so. Taxpayers who file paper returns should allow six to eight weeks from the date the return was mailed before checking.
BUSINESS
April 21, 2014 | By Reid Kanaley, Inquirer Columnist
Last-minute tax filers who were due money back from the Internal Revenue Service are just getting, or still awaiting, their refunds. Here are ways to decide what to do with the cash. Kiplinger.com says refunds, which average around $3,000, should go "to bolster your personal balance sheet. " First, consider giving yourself a raise, this post suggests, "by adjusting your tax withholding to increase your take-home pay. " More immediately, use the money you got back from the IRS to pay off credit-card debt, or set it aside for an emergency fund, or boost a savings, retirement, or college account.
NEWS
April 10, 2014
THERE is never a shortage of people trying to get rich off the poor: predatory lenders, mortgage scam artists, rent-to-own companies and other business models designed to exploit people desperate for cash. This time of year, the leading contenders for this vile practice are tax preparation services that take advantage of low- and middle-income taxpayers, charging high and unnecessary fees, employing underqualified workers who, as some watchdogs report, often resort to fraud. And April is their Christmas.
BUSINESS
March 20, 2014 | By Erin E. Arvedlund, Inquirer Columnist
What's scarier than snow on St. Patrick's Day? Taxes! Fortunately, we have some more free - yes, free - tax-filing resources, this time courtesy of the United Way. About half of all American households earn less than $55,000 a year. To help those of us who fall in that camp, United Way partnered with MyFreeTaxes ( www.myfreetaxes.com ), which provides free state and federal tax-preparation and filing assistance for families earning $58,000 or less a year. The MyFreeTaxes Partnership's online and in-person tax-preparation and filing services have helped millions of families and individuals.
BUSINESS
October 2, 2013 | By Erin E. Arvedlund, Inquirer Columnist
Tax law has changed as a result of the Affordable Care Act - Obamacare - and you may either receive a tax refund or pay a penalty as a result. As of Oct. 1, uninsured individuals can start shopping for health insurance through online marketplaces, also called exchanges. If you have employer-sponsored insurance, an individual plan, and Medicaid or Medicare, you do not need to purchase anything. If you don't have insurance and instead purchase through a state marketplace, you may qualify for a tax credit.
NEWS
March 15, 2013 | By Stephen Ohlemacher, Associated Press
WASHINGTON - If you didn't bother filing a federal tax return for 2009, it might be a good time to rethink your tax strategy. The IRS says it has $917 million in unclaimed tax refunds from 2009, and time is running out to claim the money. Most of the refunds exceed $500. The refunds are owed to nearly one million people who failed to file returns for 2009. Taxpayers must file their 2009 returns by April 15 to claim their refunds. If taxpayers don't file returns, the law says they have a three-year window to claim refunds.
NEWS
March 14, 2013
D EAR HARRY: Is the federal government trying to discourage the sale and redemption of E and EE savings bonds? Has funding for the Treasury Department been cut? Are future cuts pending? Redeeming the old paper bonds has become a nightmare. We no longer can buy paper bonds, either. The Treasury says they will be issued only as part of a tax refund. Now, it appears that you can buy "electronic" bonds only online through a ridiculously complicated process for even the more-savvy computer users.
NEWS
March 13, 2013
MANY TAXPAYERS think that getting a federal refund is a big deal. They look forward to it all year. It's the largest lump sumthat lots of people receive, according to the American Tax and Financial Center at TurboTax, the tax-software company. Last year, the average federal tax refund was about $2,800, about $100 less than in 2011, according to the IRS. In 2010, the average refund was about $3,000. Typically, you pay federal taxes by having a portion withheld from your pay. If too much is withheld, you get a refund.
SPORTS
March 10, 2013
Former Eagles wide receiver Freddie Mitchell admitted to his role in a tax-fraud scheme. Mitchell pleaded guilty in federal court in Orlando, Fla., Friday, to a single count of conspiracy to file a false claim. He faces a maximum prison sentence of 10 years and a maximum fine of $250,000. Prosecutors say Mitchell and two others concocted a scheme that involved filing a false tax return on behalf of another professional athlete. They say Mitchell told the athlete, only identified as "A.G.," that he could help him get a bigger tax refund from the IRS. Mitchell and his two associates filed a return on behalf of A.G. that contained blatantly false information.
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