Post # 1
This question applies to American bees as I’m not sure of the tax law in other countries.
I must share that I’m an accountant…mostly for businesses but I have done a few individuals’ tax returns. And I’m generally confused about this situation.
We spoke to MIL the other night. We knew that BIL had totaled his vehicle last month. He has his FI, her daughter, and their twin girls so we figured he needed a vehicle.
MIL informs us that BIL got a used vehicle, a new mattress, and some baby furniture with his tax return. UMMM, what??? It’s not even the 31st of the month…how on Earth could he have already filed, gotten his money back, and spent it? BTW, this happens every year even though he’s had 4 jobs in the last 4 years.
My inkling is that she helped him out again…the way she always does but the last time we confronted her about it (on the phone) she called DH all sorts of names, hung up on him, and we didn’t speak to her for months.
When she told us, we said “WOW, he’s already spent it all?” and she got snippity and said “AT LEAST he’s not buying drugs with it!!!!”
So have any of you already gotten your refund back???
Post # 3
@texasbee: DH started looking into this just yesterday because we’re going to be away for an extended period and the IRS does not even begin accepting tax returns until Jan 31.
Post # 4
@texasbee: Considering that the first day to e=file is January 30th…I call bullshit. Now he may have done one of those tax return loans…which is a stupid waste of money.
Post # 5
- Wedding: May 2013 - Pavilion overlooking golf course scenery, reception at banquet hall
I haven’t even gotten my W2s yet! I call bs that he’s already filed and gotten the money.
Post # 6
Yeah I haven’t even gotten my info from employers to file yet. Returns always come in the spring time.
Post # 7
Yeah we haven’t even gotten all of the tax documents we need yet- DH just started entering the stuff we do have last night.
I also just looked it up online and it looks like they won’t even begin looking at returns until 1/31 so I call BS.
Post # 8
+1 to the others who said you can’t even file until the end of January. I’m a CPA so I have some background here. 🙂
ETA: I hadn’t considered what jadlnc said, but that could be what he did. Which is a bad idea unless you’re cool with giving up a huge chunk of your tax return to pay interest on the tax refund loan.
Post # 9
I’ve always been under the impression that employers have until January 31 to send out W2s, and in my experience it’s usually the second week of February before they arrive. I can’t honestly believe that he’s already gotten his paperwork, filed, and got his return. I call bullshit.
Post # 10
Still anxiously waiting on the W2. Fi just got his 2 days ago, but hasn’t filed yet because he’s waiting on other documents.
Post # 11
I got my W-2 on Monday or Tuesday and I already filed them on H&R Block, but they won’t accept them until the 31st so it won’t go through until then. The only thing I can think of is they filed them and then H&R does that thing where you get the refund upfront from then and when the taxes are filed and accpeted they take them?
Post # 12
@texasbee: Last year I couldnt file til Jan 30th or something like that cause it wouldnt be accepted til then. Not sure about this year though. We have a friend that said he is getting back $6500 but he hasnt actually gotten it yet.
Post # 13
- Wedding: November 2013 - St. Augustine Beach, FL
@texasbee: The US government has not yet begun issuing refunds but he could have taxes to somewhere like Amcot and gotten his return right away from them in return for a fee (Amscot now owns his return when the gov issues it).
Post # 14
No, because the IRS doesn’t begin processing federal tax returns until January 31st. I filed my taxes back on the 17th (my employer is really good about getting W2s sent out and I have super simple taxes), and I know perfectly well that I won’t get my federal refund until February 1st at the earliest, and my state refund soon after that.
Post # 15
I’m still waiting on a W2 for a part time job I took… I already have my full time job’s in.
Post # 16
@texasbee: Geez! I haven’t even got my W-2’s yet to even file! I don’t think he’s got his taxes back. He probably told your MIL that he would pay her back with it and therefore, she was his “tax refund”.