RonPaulR3VOLUTION
07-03-2009, 09:02 PM
ATLANTA (AP) - Colin Daymude was out of work last year after his business failed and eagerly filed his taxes in mid-January, figuring he'd get his refund sooner. He was wrong.
http://www.breitbart.com/article.php?id=D997417O0&show_article=1
It took the 44-year-old entrepreneur more than six months to get his $1,300 check—money that he needed to pay living expenses while he worked a few side gigs.
Tax day—April 15—has long since come and gone, but sharp budget cuts and falling revenues have forced many states to delay income tax returns for months—and left taxpayers longing for their money.
"I'm just trying to get my money back," said a frustrated Daymude. "It's my money anyways."
Some states say plummeting tax collections drove them to hold on to the money so they can make ends meet. Others complain of not being able to keep up because the economic downturn has forced staffing cuts in revenue departments.
But critics worry governments are withholding funds that rightly belong to taxpayers when they need the extra cash the most. And some of the tardy states are fast approaching a stiff deadline of their own: The longer they wait, the more likely they'll have to pony up interest from thinning state coffers.
That prospect could soon become a reality in Georgia and Alabama, where tax officials are racing to beat a mid-July deadline to send hundreds of thousands of tax refunds or risk racking up millions of dollars in interest.
http://www.breitbart.com/article.php?id=D997417O0&show_article=1
It took the 44-year-old entrepreneur more than six months to get his $1,300 check—money that he needed to pay living expenses while he worked a few side gigs.
Tax day—April 15—has long since come and gone, but sharp budget cuts and falling revenues have forced many states to delay income tax returns for months—and left taxpayers longing for their money.
"I'm just trying to get my money back," said a frustrated Daymude. "It's my money anyways."
Some states say plummeting tax collections drove them to hold on to the money so they can make ends meet. Others complain of not being able to keep up because the economic downturn has forced staffing cuts in revenue departments.
But critics worry governments are withholding funds that rightly belong to taxpayers when they need the extra cash the most. And some of the tardy states are fast approaching a stiff deadline of their own: The longer they wait, the more likely they'll have to pony up interest from thinning state coffers.
That prospect could soon become a reality in Georgia and Alabama, where tax officials are racing to beat a mid-July deadline to send hundreds of thousands of tax refunds or risk racking up millions of dollars in interest.