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From: | |
Reply To: | Steve Dirickson (Volt) |
Date: | Tue, 24 Jul 2001 14:43:13 -0700 |
Content-Type: | text/plain |
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[yes, this is pretty late to be jumping into this thread; I've been
off-line for a couple of days]
> The way that money is calculated is that if you filed your
> taxes on your 2000
> earnings and received a $1000 refund earlier this year, in 2001, the
> government is anticipating that you will file essentially the
> same tax papers
> again next year, on April, 2002, and again you will receive
> approx. a $1000 tax refund.
What about those of us who have not yet filed their 2000 (or 1998, or
1998) returns?
> Further, it's important to understand that this "refund"
> check is not merely
> taxable income that you add into your gross income revenue,
> it is *the* tax.
If the situation is described, it doesn't sound like this should be
associated with any kind of "taxable income" at all; i.e. it would not
appear anywhere on the front of the 1040 or on schedules supporting line
items on the front page. Rather, it sounds like it will be a new line
after the "This is your Total Tax" line on the back of the 1040, either
as a line to be added to the tax due or to be subtracted from the
refund.
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