States Delaying Tax Refunds

[JohnH]

First California, now it's Kansas.

http://www.kansas.com/735/story/701750.html

Wonder if we're going to need a special topic dedicated strictly to states that don't expect to pay refunds on time. Sure does make for some interesting conversation with clients about the advisability of deliberately overpaying and then waiting for a refund.

[Jack from Ohio]

I wonder if Ohio will be far behind... :read:

[GERALD]

I feel pretty sure Kentucky will join this list. They are facing a big deficit for 6-30 year end, and they have done this in the past. If they do hold them, they will probably be paid July 1, because I believe they have to pay interest after that.

Gerald

[TAXBILLY]

One can apply the refund to next year and then reduce withholding.

taxbilly

[JohnH]

Add NC to the list. Nobody bothered to prepare for a cash shortfall (guess our finance people don't read the newspapers & didn't know tax revenues would decline), so now they're saying tax refunds will be "delayed a little bit".

[tilt]

CA is going to start issuing refunds.

http://www.sco.ca.gov/eo/pressbox/2009/02/pr09014.pdf

[Tax Prep by Deb]

CA is going to start issuing refunds.

http://www.sco.ca.gov/eo/pressbox/2009/02/pr09014.pdf

Thanks for the headsup!

Deb!

[BulldogTom]

Last night I saw on the news the State Controller say that all refunds should be caught up in about 2 to 3 weeks. That is good. I am waiting for my refund in that mess.

So now I claim married 12 on my CA withholding. I am thinking about moving it to married 20 to see what happens.

Tom

Lodi, CA