Welcome Guest. Register Now!  


California CA


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 06-26-2009, 07:20 PM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,417
Blog Entries: 3
Can Taxpayer's expect to get a Tax Refund from their CA Individual Income Tax Return?

It seems that the "California lawmakers were unable to solve the state's $24.3 billion deficit Friday as the state controller prepares to hand out roughly $3 billion in IOUs to vendors, low-income seniors and others."

Without a new budget, California Controller John Chiang said Friday that "he will have to start issuing IOUs. Students expecting college grants and low-income seniors would not get paid, along with vendors providing services to the state."

So, it seems that Taxpayers who filed their CA Tax Returns later in the year and were entitled to a tax refund may instead receive only an IOU! Hopefully, the State can quickly solve their budget impasse and eventually mail out the tax refund checks within a few months.

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Where can I check the status of my Idaho State Individual Income Tax Refund? TaxGuru Idaho 0 03-15-2009 01:48 PM
What is meant by a Split Refund on the Individual Tax Return? sahar Miscellaneous 1 03-05-2009 02:11 PM
How can a Hawaii Taxpayer check for his Individual Tax Refund Status? TaxGuru Hawaii 0 03-01-2009 11:03 PM
What knowledge should Taxpayers expect from an ERPA with respect to Pension Plans? TaxGuru Retirement Planning 0 08-19-2008 12:12 PM
What happens when the taxpayer's contribution exceeds the allowable limits? chrisk Itemized Deductions 1 07-14-2008 11:45 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.