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unexpected tax refund

Unread postby vtsnowedin » Thu 01 Jul 2010, 13:38:34

:?: Has anybody else on Peak Oil received a tax refund recently that they were not expecting?
A check came to me a few days ago from the feds. and in the front it says cy refund which would mean current year refund if I am not mistaken. It was for several hundred dollars but I was not expecting a refund as I owed them and paid them what I owed. No explanation like you would receive if you made a mistake and owed them, just the check. I wonder if this is an unannounced stimulus program. I don't dare spend it as some fool bureaucrat will come to his senses and want it back plus interest and penalties.
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Re: unexpected tax refund

Unread postby Boo38 » Thu 01 Jul 2010, 14:06:06

I just got an unexpected, extra $800 refund from the IRS this week. They said I had missed claiming a "making work pay" credit, whatever that is. I haven't researched this at all, but I cashed it right away.
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Re: unexpected tax refund

Unread postby BicycleCommuter » Thu 01 Jul 2010, 14:59:33

Got $800 as well...I believe it referenced Schedule M.
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Re: unexpected tax refund

Unread postby Ludi » Thu 01 Jul 2010, 15:24:37

I also got the $800 "making work pay" refund.

8O :?: 8O
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Re: unexpected tax refund

Unread postby Pops » Thu 01 Jul 2010, 17:04:43

Are you all self employed?

http://www.irs.gov/newsroom/article/0,, ... 22,00.html
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Re: unexpected tax refund

Unread postby EnergyUnlimited » Thu 01 Jul 2010, 17:14:31

Once you all start getting $hundreds in your mailbox every odd day, things will really begin to look interesting. :-D

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Re: unexpected tax refund

Unread postby Pretorian » Thu 01 Jul 2010, 18:32:30

You remember how US.gov got ahold of Arlington cemetery? They werent accepting farmer's tax payments and then foreclosed his land for failure to pay taxes. Perhaps this is a vice-versa sceme.
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Re: unexpected tax refund

Unread postby vtsnowedin » Thu 01 Jul 2010, 19:41:00

$this->bbcode_second_pass_quote('Pops', 'A')re you all self employed?

http://www.irs.gov/newsroom/article/0,, ... 22,00.html

I'm not.
So I'm not alone in this. Sense when do they make retroactive payments to people who chose not to apply for a credit. I wonder how many of these checks they sent out. The act of a desperate administration for sure.
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Re: unexpected tax refund

Unread postby Tanada » Thu 01 Jul 2010, 19:54:58

Heck I filed April 15 and am still waiting for my regular refund, let alone a magic 800 dollar bonus refund!
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Re: unexpected tax refund

Unread postby the48thronin » Thu 01 Jul 2010, 22:42:49

$this->bbcode_second_pass_quote('Pretorian', 'Y')ou remember how US.gov got ahold of Arlington cemetery? They werent accepting farmer's tax payments and then foreclosed his land for failure to pay taxes. Perhaps this is a vice-versa sceme.



I checked to make sure I was right..... that farmer has an interesting history...

http://en.wikipedia.org/wiki/Arlington_National_Cemetery

$this->bbcode_second_pass_quote('', '&')quot;Arlington National Cemetery in Arlington County, Virginia, is a military cemetery in the United States of America, established during the American Civil War on the grounds of Arlington House, formerly the estate of the family of Confederate general Robert E. Lee's wife Mary Anna (Custis) Lee, a descendant of Martha Washington."


later in the wiki article

"

$this->bbcode_second_pass_quote('', 'T')he government had acquired Arlington at tax sale in 1864 for $26,800.[4] Mrs. Lee had not appeared in person, but rather had sent an agent, attempting to timely pay the $92.07 in property taxes assessed the estate.[5] The government turned away her agent, refusing to accept the tendered payment. In 1877, Custis Lee, heir under his grandfather's will passing the estate in trust to his mother, sued the United States claiming ownership of Arlington. After the U.S. Supreme Court ruled 5-4 in Lee's favor in 1882, deciding that Arlington had been confiscated without due process,[5] Congress returned the estate to him. The next year Custis Lee sold it back to the government for $150,000 at a signing ceremony with Robert Todd Lincoln, Secretary of War.[6]"
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Re: unexpected tax refund

Unread postby Outcast_Searcher » Fri 02 Jul 2010, 01:07:22

$this->bbcode_second_pass_quote('vtsnowedin', ':')?: Has anybody else on Peak Oil received a tax refund recently that they were not expecting?


The "making work pay" credit is another Obama vote-buying boondoggle. According to a WSJ article I read a couple months back, so many million people were completely screwing this up on their tax forms that the IRS was going to check ALL forms and automatically correct / adjust for any such errors.

(And this is the same guy talking about how he's going to "fix the budget deficit" next year, with the help of THIS congress, no doubt.) :roll:

Enjoy your refund. Things have become so arbitrary that it's little wonder most folks are losing confidence in paper money (ahem - aside from those who want to hold long term govt. bonds paying almost nothing, of course).
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
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Re: unexpected tax refund

Unread postby Sixstrings » Fri 02 Jul 2010, 01:42:59

Kind of funny that name, "making work pay." It's an admission that a lot of folks aren't being paid enough to live on, so now the government has to supplement paychecks so that "work pays."
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Re: unexpected tax refund

Unread postby eastbay » Fri 02 Jul 2010, 02:35:45

Got my $800 too, and the IRS advised me in a nice letter that next year I must execute the Form 'M' all by myself because the IRS won't do it for me any more. It's a two year thing, so next year will be the last for this odd hand out.
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Re: unexpected tax refund

Unread postby vtsnowedin » Fri 02 Jul 2010, 15:35:55

$this->bbcode_second_pass_quote('eastbay', 'G')ot my $800 too, and the IRS advised me in a nice letter that next year I must execute the Form 'M' all by myself because the IRS won't do it for me any more. It's a two year thing, so next year will be the last for this odd hand out.

:badgrin: The same letter came to me today a week after the check. The fun part is the line that says the $7.00 interest has to be claimed as income next year. Wana place bets on the precentage of taxpayers get that right 4/15/11?
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Re: unexpected tax refund

Unread postby SpringCreekFarm » Sat 03 Jul 2010, 09:01:25

I saw Obama say publicly a while ago that part of the stimulus package included a tax break for the middle class folks in the USA. It was on CNN and MSNBC. For those of you that watch fox news, perhaps those soundbites were not played. I don't know I don't watch it. 8)

I'm surprised that you folks didn't seem to know about it. :shock: I'm also surprised that some of you are cynical sounding over it as well. Would those of you that think its some kind of scam rather have the tax breaks go to corporations or the rich? :roll: There just seems to be no way of pleasing some folks. :cry:

Now go on out and spend that windfall on some preps and you'll have a definite win-win situation. :wink:
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Re: unexpected tax refund

Unread postby vtsnowedin » Sat 03 Jul 2010, 16:04:18

$this->bbcode_second_pass_quote('SpringCreekFarm', 'I') saw Obama say publicly a while ago that part of the stimulus package included a tax break for the middle class folks in the USA. It was on CNN and MSNBC. For those of you that watch fox news, perhaps those soundbites were not played. I don't know I don't watch it. 8)

I'm surprised that you folks didn't seem to know about it. :shock: I'm also surprised that some of you are cynical sounding over it as well. Would those of you that think its some kind of scam rather have the tax breaks go to corporations or the rich? :roll: There just seems to be no way of pleasing some folks. :cry:

Now go on out and spend that windfall on some preps and you'll have a definite win-win situation. :wink:

:twisted: I sound cynical because I am when it comes to the federal government. Sure I could go out and buy something for post peak life, perhaps a solar panel etc. but the feds borrowed the money to send me that check and I'm sure I will get to pay it all back plus interest before too long.
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