Caroljo
Senator
Oh oh....this isn't going to go over well!
2014 Federal Tax Refunds To Be Delayed Until October 2015
Normally when you file your taxes whatever money is owed back to you is quickly repaid. The process of getting your money back has been made even quicker in recent years through the use of E-file and direct deposit of Federal tax rebates. But starting in 2015 Federal tax refunds for the 2014 fiscal year are going to take longer for Americans to receive. A lot longer.
The deadline to have your Federal taxes filed will remain April 15th, but under new directives issued to the IRS no refunds are to be issued before October 15th, 2015. This means that early filers who normally receive their refunds around the beginning of February will have to wait an additional 7 months longer than normal to get the money owed to them.
The change is not to be applied equally though. The new rebate delay only effects those who have filled for individual income tax and payroll tax refunds. Large corporations and small businesses will still be eligible to receive whatever tax is owed to them by the Federal Government within normal historic timeframes.
http://nationalreport.net/2014-federal-tax-refunds-delayed-october-2015/#
That last paragraph I put here is the one that will really piss people off! So Obama and his Admin are all for the little guy??? Here they'll make the average taxpayer wait for the money owed them....while making sure large corporations and small businesses get theirs on time. I don't mind small businesses getting theirs, but the large corporations are not going to go broke if they have to wait a while! Many people really count on the money they get back. Why do the average taxpayers have to wait for what is theirs? Will the IRS pay us interest on that money they hold onto? Of course not (even though if we pay late we get all kinds of charges!).
2014 Federal Tax Refunds To Be Delayed Until October 2015
Normally when you file your taxes whatever money is owed back to you is quickly repaid. The process of getting your money back has been made even quicker in recent years through the use of E-file and direct deposit of Federal tax rebates. But starting in 2015 Federal tax refunds for the 2014 fiscal year are going to take longer for Americans to receive. A lot longer.
The deadline to have your Federal taxes filed will remain April 15th, but under new directives issued to the IRS no refunds are to be issued before October 15th, 2015. This means that early filers who normally receive their refunds around the beginning of February will have to wait an additional 7 months longer than normal to get the money owed to them.
The change is not to be applied equally though. The new rebate delay only effects those who have filled for individual income tax and payroll tax refunds. Large corporations and small businesses will still be eligible to receive whatever tax is owed to them by the Federal Government within normal historic timeframes.
http://nationalreport.net/2014-federal-tax-refunds-delayed-october-2015/#
That last paragraph I put here is the one that will really piss people off! So Obama and his Admin are all for the little guy??? Here they'll make the average taxpayer wait for the money owed them....while making sure large corporations and small businesses get theirs on time. I don't mind small businesses getting theirs, but the large corporations are not going to go broke if they have to wait a while! Many people really count on the money they get back. Why do the average taxpayers have to wait for what is theirs? Will the IRS pay us interest on that money they hold onto? Of course not (even though if we pay late we get all kinds of charges!).
