Tax Refund Research Paper

Essay specific features

 

Issue:

Business

 

Written by:

Clarence W

 

Date added:

September 26, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 864

 

Was viewed:

8483 times

 

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Essay content:

Others may not have had any tax withheld but would be eligible for the refundable Earned Income Tax Credit. Nevertheless, whether or not a taxpayer is required to file, in order to be eligible for a refund an individual must file Form 1040X (1120X for corporations) to claim the refund within three years...
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The government is able to determine the appropriate amount of refund through these forms. The IRS estimates that approximately half of the nonfilers could claim refunds of more than $484. There is no penalty assessed by the IRS for filing a late return qualifying for a refund. For those who failed to file and are eligible for a refund, can still claim a refund on the 2001 tax year until April 15, 2005...
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