Thanks to the efforts of Mr. Charles Freret, the following fax was sent by the Vice President of TurboTax.  If you are a taxpayer that has used Turbotax and filed with a 1099R for tax years 2007, 2008 or 2009, you should contact Mr. Meighan via fax at 858-408-2714

The IRS has reported that more than 1.4 million tax payers are due over $1.3 BILLION in unclaimed refunds because they have not filed a 2006 tax return.  These refunds are still available, but only if a 2006 tax return is filed before April 15th, 2010.  After that, the government gets to keep your refunds.
Some… Continue reading

It appears that for the third year in a row, NY state is planning on delaying refunds to New York taxpayers. The last two years, the state was savvy in delaying refunds by issuing a blanket letter requesting “additional documentation” in order to release refunds.  However, in many cases, the state already had all the… Continue reading

Scores of New Yorkers have contacted the Daily News in the past week, complaining that they are still waiting for their state refunds. The crippled economy has made the delay even more painful, many said…

By the end of the day Thursday, 1.78 million refunds totaling $1.4 billion had gone out the door. During the same point last year, 1.82 million refunds totaling $1.48 billion had been processed…. “The numbers are very close to last year,” Bergin said. “They are not indicative of any slowdown or delay.” That doesn’t mean some people’s returns haven’t been delayed. Processing started a week later than normal because of a federal change, Bergin said.

Others have been delayed because filers made mistakes that need to be corrected or a return was randomly selected as part of the state’s more aggressive fraud and accuracy review, he added.

“If an application for refund or credit is filed with the commissioner of taxation and finance… the commissioner of taxation and finance shall grant or deny such application in whole or in part within
6 months of receipt of the application…”

“If any overpayment of tax…credited or refunded within 45 days after the last date prescribed for filing the return of such tax…or within 45 days after such return was filed, whichever is later…, no interest shall be allowed under this section on any such overpayment…”

You’ve probably heard before that if you’re getting a big, fat tax refund check, you’re doing something wrong. Now there’s a new reason to fine-tune those payroll withholding elections. The economic meltdown is hitting statehouses around the country so hard that some are holding their residents’ tax refund checks hostage.