Is it just me or....

[SuzySunshine]

We got both of ours in normal time, about a week after e-filing.

[moonlight]

I have been reading that with many state budget deficits that it may take a loooooong time to get a refund. Anyone worried about this?

Kelly

YES and I'm too scared to as the CPA about it. NC owes us about $1500.

[Amiens]

I am in the camp of it's been a while since we have received a refund from the Feds. I would rather owe "a small amount" than have a huge check come my way, because I don't like loaning money to the govt. and I can invest the extra we get in our monthly paycheck better than they can.

We owe a lot less than we did last year (~$6000) [thank you new energy efficient backdoor we installed tax credit], and would owe considerably less if my in-laws didn't have us in an LLC. We would owe about $1000 if that were the case. We live in a state where we have state income tax, and surprisingly we will be get a small refund back.

I agree, Kris, I would look into a different accountant. Is Thomas on a 1099 or W-4? Dh has his taxes taken out and is on a W-4, and even then our accountant is always making sure that we don't have to do quarterly payments, and does a year out projection (if everything were to stay the same, go up or down) and where we would be at the next year. He stays really on top of any upcoming changes, and let's us know how it will affect us. I know that on a 1099 you have to "set aside" your taxes yourself. Because we are pretty sure we are going to owe something each year, we set aside some money into a depositable CD at our bank.

[scrub-jay]

I have been reading that with many state budget deficits that it may take a loooooong time to get a refund. Anyone worried about this?

Kelly

I'm not sure, but I think CA is one of the worst off (or maybe it is just perspective) but we got ours from them within the normal time (2-3 wks).

ETA: This was with e-filing.

[weeniegeniewife]

Re: Is it just me or....

..

[migirl]

I have been reading that with many state budget deficits that it may take a loooooong time to get a refund. Anyone worried about this?

Kelly

I worried about this too (especially CA ... DH does some consulting for UCLA), but we got refunds from MI and CA in a couple of weeks after e-filing.

YES and I'm too scared to as the CPA about it. NC owes us about $1500.

We got our NC refund within a few days of e-filing.

I think if states were having trouble with refunds there would be big, fat stories all over the airwaves. Keeping the money from the people is a huge deal. I know that KS *did* have trouble last year until some bill was signed, but again, it was discussed to death until it was resolved.

[scarlett09]

I haven't heard of any states having problems with writing refund checks for their residents. I got my state refund pretty quickly, but it was pretty small since I only lived and worked there through the end of May. However, I wouldn't have been surprised if my previous state had problems. This is the state where the governor wants to fire all the teachers and the teachers are all ready to tar and feather him. Right now, I like my small, quiet state much better.

[OrionGrad]

I'm still waiting for my check from New York State, but it looks like we won't be getting it until April 1st at the earliest since the state "stopped paying the refunds on Monday." Lame.

http://www.wgrz.com/news/local/story...75375&catid=13

[NYCHoosier]

I'm still waiting for my check from New York State, but it looks like we won't be getting it until April 1st at the earliest since the state "stopped paying the refunds on Monday." Lame.

http://www.wgrz.com/news/local/story...75375&catid=13

Sad day. Hopefully you get it before you move!

[moonlight]

We got our NC refund within a few days of e-filing.

WooHooo!! Thank you for posting that!

[reciprocity]

yup, same here - we will probably break even (which is why I haven't really rushed to do ours yet - but who knows, maybe I'll be pleasantly surprised!)

woah, I take it back, ended up owing mid 4 figures! that was a bit of a shock!

[Bittersweet]

Oh, I feel your pain. Guess DH and I won't be going on a summer vacation after all.

[radwife]

Our refund was spend on a Step 3 review course and the Step 3 exam. Whooopie.