Tax Refunds Now on Hold in California

Tax Refunds Now on Hold in California

blogs.abcnews.com

ABC News has learned that tax refunds are now on hold in California for the first time in state history, according to the state controller's office.

"Unfortunately, we have asked the California Franchise Tax Board not to send over tax refund claims beginning today because we will not be able to process them and have them out the door by Feb. 1 when a 30-day delay in tax refunds goes into effect," Hallye Jordan, spokeswoman to California State Controller John Chiang, tells ABC News.

During the 30-day delay, the controller's office estimates that a combined 2.74 million California individuals and businesses will have their tax refund delayed.

(visit the link for the full news article)

Here's what made me see red (and I'm not even a Californian):

The controller's office estimates that the delay in tax refunds will free up $1.99 billion over the next month to pay for education, debt service, and other payments that legally have first claim to state funds.

First claim to money THAT ISN'T EVEN RIGHTFULLY THE STATE GOVERNMENT'S MONEY!!! There's a word for these bastards: "theives." If an individual attempted to do this, they'd be sued, jailed, or both. I sincerely hope that the Californian tax payers are right now getting a squadron of the second lowest form of life, just above politicians, AKA 'Lawyers' together to sue the hell out of the Cali state legislature and old Kindergarten Cop, Arnie for breach of contract, theft, and dereliction of duty.

blogs.abcnews.com
(visit the link for the full news article)

I have never understood why people overwithold in the first place. Its like giving the government a interest free load. Far better to tweek you witholding so that you get back or owe less that $1000 each way.

Some poeple use this as sort of a forced savings account and look foreward to a big check at the end of the year. WHy not show a bit of backbone and save yourself instead of having to government do it.

This year, I'm going to get one of those IOUs.

No banks want them.

No business will take them.

What good is an IOU ?

Originally posted by Wildbob77
This year, I'm going to get one of those IOUs.

No banks want them.

No business will take them.

What good is an IOU ?

Right now with my first pass thorugh It looks like I owe about $300 to California. Im not paying untill April 15th. Im betting they will not release the money untill after that date. WHo want to pay the state early?

reply to post by FredT


Yes, if you're careful, you can increase withholding based on expected itemized deductions, above the standard deduction. However, from the California W-4 form:

You may be fined $500 if you file, with no reasonable basis, a DE 4 that results in less tax being withheld than is properly allowable. In addition, criminal penalties apply for willfully supplying false or fraudulent information or failing to supply information requiring an increase in withholding. This is provided for by Section 19176 of the California Revenue and Taxation Code.

Dude, it's caliornia, they are all so laid back what with their diets and mochachino's. Nothing will be done, and then every other state wil take notice and in the next year or so thre will be "Delays" for everyone. Pretty soon none of us will get a tax refund at all, no mtter how much we deserve it, cause the government will realise that they can take our money cause they have the guns, and they have the numbers.

reply to post by FredT


Perhaps we can arrange for you to pay me directly.

Just kidding.

Originally posted by FredT
I have never understood why people overwithold in the first place. Its like giving the government a interest free load.

Washington has no state income tax, but today I filed the paperwork to rectify my federal tax witholdings. I had left my overall deductions at 2, one for me, one for my wife, for the past 6 years. Today I increased that to cover my two kids and everything else the feds allow, boosting the overall number to 8. I'll still get a refund next year, as I held off one deduction just to ensure I didn't owe, but it will add a lot of peace of mind to me over the next year. The main reason I'm doing this is because I can easily see the feds sitting in the same predicament next year and don't want to get a letter from them saying "IOU several grand. Sincerely, Uncle Sam."

reply to post by Ian McLean


It depends on the amount underwitheld and under $1000 there usually is no penalty. There also is a penalty if you overwithold BTW but the threashold is pretty high

reply to post by burdman30ott6


I over withheld because I didn't make enough in one of my side careers.

It was based on what I'd made in previous years.

FYI

omg awesome

when they come askin me to pay my taxes

ILL WRITE THEM A IOU

this is so awesome i love this new system!

IOU IRS, i promise ill pay by 2240 AD...


edit to add:

and also, perhaps i can send a 240year IOU to that bank that loaned me 1000$ but expects me to pay 7000 $ which is total extortion but anyway

ill give them a IOU since im such a nice guy

[edit on 28-1-2009 by muzzleflash]

all hjail the socialist state! come on now! this what we liberals wanted! a bankrupt state! Im waving my little commie flag and just hoping all the other states adopt the death that is socialism so we can all suffer together! yay!

Free healthcare is next! yay!

reply to post by Finn1916


Aye dude i'm from southern cali and i take offense to your comment about california being "laid back". You ever been to So Cal? It's anything but laid back here my brother. I hate when people from the south or back east look at us Californians as hippies or tree huggers. For the record I'm a very fiscal concervative, but very liberal socially. I drink Jack Daniel's and Modelo beer, not mochiato's or fruity drinks.

As for the tax refunds, I'm not surprised at all by this. It's not even paying taxes, they take the money without you even having a choice. When I pay a bill I get my paycheck and have the choice of when, and how I'm gonna pay my carpayment. The state just takes your money and then has the balls to not pay you back if they took too much. This is ri-goddamn-diculous!! How about we kick all the losers on welfare and government help off that stuff for a while. I know of 2 girls who I used to party with that each have 3 kids and rather than being an adult about it just walk down to the welfare office and complain about how much free money they get. Stop having f'ing kids with 3 different babies daddies, and put a cork in it already.

I believe it's time for change. You want a free government check, well you're gonna have to get on birth control, get drug tested, and work in some kind of government job. Stuffing envelopes at the post office, or cleaning up trash on the freeways. Something other than pumping out more kids that use up more money for the state in school costs, healthcare, ect. It's not right that I work my 60+ hours a week and get my pay taken while some chick gets to walk to mailbox during a comercial break of Jerry Springer to get her money. I have no kids, use less resources because i'm single, yet I get taxed more than some idiot with 7 kids by 4 different dads. It's sick in the head I tell you!!!!

I never understood the concept of a tax refund. If I did not owe it in the first place why the hell is the state, who by any reasonable standard should control it's own money supply, collect it from me?

Oh right, to keep me poorer than I otherwise could be. Makes sense now.

Originally posted by Zepherian
I never understood the concept of a tax refund. If I did not owe it in the first place why the hell is the state, who by any reasonable standard should control it's own money supply, collect it from me?

There are fixed tables to make it easier on businesses to proide payrole. This gets you lumped in with batch or group depending on how much you make.

Then you have to factor in deductions. Home mortgage interest, investment losses or gains can all affect your total tax liability at the end of the year. We both may make 200000 but if I have a home, my taxes will be less because I may have more deductions than you.

My state tax return was only like 300 or so, not a very big deal. Just wait and see what happens, they will be getting a big brother check soon.

isn't this why we went to war with the Brits? It seems to me the citizens need to rise up and do what they do when they are robbed of wealth.

This is no different from when the kings would just take land without cause. I say some of these criminals in Sacramento need to be made an example of.

Just because Obama got elected dosen't mean we went commie. Not yet aleast.... But then again California isn't far from a communist state anyway... On second thought let the Mexicans have that state. If they can't pay their bills they are no different than the third world and looking for a handout.

Hmm... I did my taxes online when I got my W2 on the 19th. I received my $113 refund from California two days ago.

Don't you know?

This is obviously what California citizens want

They Chose to put These people in power to make the decisions




[edit on 1-28-09 by atoms.2008]