Tax Question Involving Refunds Due

DVD Josh · 07-04-09, 12:38 PM

Let's say you live in one of those states that haven't fully processed their income tax refunds yet. For the sake of example, let's say that you are owned $1k refund for 2008. If the state still hasn't paid by next year, can you offset any tax liability? For example, if you owe $1k, can you say "we're even" on your tax return for 2009? Or if you owe $2k, can you write a check for $1k and say "apply 2008's refund"?

al_bundy · 07-04-09, 01:13 PM

Depends on you state

07-04-09, 12:38 PM	#1
DVD Josh DVD Talk Legend Join Date: Dec 1999 Location: In My Own Little World Posts: 18,269	Tax Question Involving Refunds Due Let's say you live in one of those states that haven't fully processed their income tax refunds yet. For the sake of example, let's say that you are owned $1k refund for 2008. If the state still hasn't paid by next year, can you offset any tax liability? For example, if you owe $1k, can you say "we're even" on your tax return for 2009? Or if you owe $2k, can you write a check for $1k and say "apply 2008's refund"? __________________ Why the hell must you continually question my hyperbole? - Mordred If you hear hoofbeats, think Horse, not Zebra. - mdc3000 *DVDTALK GOLD TRADER*

07-04-09, 01:13 PM	#2
al_bundy DVD Talk Legend Join Date: Aug 2001 Location: Transfatfreeville Posts: 22,164	Re: Tax Question Involving Refunds Due Depends on you state