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Message
Don't expect your LA refund very soon...
Posted on 1/19/16 at 12:13 pm
Posted on 1/19/16 at 12:13 pm
I know most of the MT hits the marker exactly on taxes owed, so they won't get a refund, but LDR is putting out information that it will take 60 days(!!) to process an e-filed return this year, and 12-14 weeks for a paper return. IRS can usually do 2-4 weeks on e-file and 6-8 for paper.
LDR says it will take longer to process all in the name of "fraud prevention".
Such BS. Sorry, but everyone knows the real reason is cash flow management. =)
Not that long ago, LDR would have refunds in bank accounts within 7-8 days of e-filing a return.
Happy tax season, everyone!
LDR says it will take longer to process all in the name of "fraud prevention".
Such BS. Sorry, but everyone knows the real reason is cash flow management. =)
Not that long ago, LDR would have refunds in bank accounts within 7-8 days of e-filing a return.
Happy tax season, everyone!
6
Posted on 1/19/16 at 12:15 pm to LSUFanHouston
Not surprised in the least bit.
Posted on 1/19/16 at 12:17 pm to Golfer
Collecting as much interest as they can before giving you your money back.
Posted on 1/19/16 at 12:21 pm to southernelite
quote:
Collecting as much interest as they can before giving you your money back.
Personally, I do not think it has to do with interest, I don't think the state has the cash flow, which is more concerning
Posted on 1/19/16 at 12:23 pm to LSUFanHouston
Can I charge interest? They sure don't mind putting penalties on traffic tickets or any other fine/violation.
Side Question... is there a legal time limit on how long the state or feds can hold your return after you file?
Side Question... is there a legal time limit on how long the state or feds can hold your return after you file?
Posted on 1/19/16 at 12:42 pm to Scooba
quote:
Can I charge interest?
If the refund comes after May 15, statutory interest is applied but it's not much.
They are supposed to publish estimated times to process and stick to them but I'm not aware of any legal time limit. Interest does run. The statue of limitations runs beginning on the filing date, not the processed date.
Posted on 1/19/16 at 12:56 pm to LSUFanHouston
It's a shame we can't double it at net 60 and triple net 90. 
Posted on 1/19/16 at 1:10 pm to LSUFanHouston
I'll be sure to postmark my check by May 15th so y'all don't have to wait too long.
Posted on 1/19/16 at 1:11 pm to LSUFanHouston
This is why you should never be owed a tax refund from the government
Posted on 1/19/16 at 3:23 pm to LSUFanHouston
My 2015 La refund did not show up until after thanksgiving 2015. I filed in February 2015.
Posted on 1/19/16 at 4:04 pm to Motorboat
That's because if you got a refund, then your return was "flagged for further review" to keep from giving so much back.
Posted on 1/19/16 at 10:40 pm to LSUFanHouston
I still haven't got my refund from the previous tax season. Sucks.
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