Posts Tagged ‘tax credit overpayment forum’
Tax Credit Overpayment
March 10th, 2010If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
Question: has anyone had an overpayment on their tax credits,if so what happened and did u have 2 pay it back?
Answer: Because hubby and I are self employed and they give us our tax credit on what they think we will make next year based on what we made this year, we got hit pretty hard. We made a rubbish profit a couple of years ago so last year they gave us some money. We then made a good profit last year and because we did they demanded all the money back that they had given us. Because this year’s is based on the good profit we made last year, we get nothing. So we are paying it all back in monthly installments.
If we make a rubbish profit this year, then theoretically they owe me for what they haven’t given me plus what they assume I will make next year. But I daren’t spend it in case they demand it all back the year after!!It’s all so complicated and a totally stupid system, especially for the self employed.
MENIFEE: City launches finance review
A review of the city’s financial systems is slated to launch this week on the heels of several billing irregularities that have recently come to light.
| | IRS not permitted to credit overpayments against subsequent year’s potential deficiency.: An article from: The Tax Adviser $5.95 This digital document is an article from The Tax Adviser, published by American Institute of CPA’s on January 1, 1998. The length of the article is 1051 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.From the supplier: … |
| | Protecting older Americans against overpayment of income taxes (SuDoc Y 4.Ag 4:In 2/4/) … |
| | Overpayment interest accrues on first-time homebuyer.: An article from: The Tax Adviser $9.95 This digital document is an article from The Tax Adviser, published by American Institute of CPA’s on June 1, 2010. The length of the article is 678 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: Overpayment interest accrues on fi… |
Labor Unions Protest in New York Against Bailout
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