refund of tax

Parties may bring suit for a refund of taxes paid.

Companies will no longer be able to use losses in one year to get refunds of taxes paid in prior years.

If incorrect tax credits are applied by the employer, then a refund of tax is due.

The Internal Revenue Service will issue refunds of tax on long-distance service for the past three years.

On leaving Canada, tourists are eligible for a refund of taxes paid on all accommodations and goods purchased for export.

However, many with low incomes would be well advised to file returns anyway because it can result in a refund of taxes withheld or in a credit.

Now, a company can use a loss in one year to offset profits made during the previous two years, and get a refund of taxes paid on those profits.

But it is not open to serious doubt that central revenue departments have a similar discretionary power to make refunds of tax payments which were not legally due.

The I.R.S. said it would have no comment on the case, other than to confirm that it routinely denies claims for refunds of taxes on severance pay.

Under this provision, a company that is losing money can use current losses to offset profits in two previous years, and claim refunds of taxes paid on profits in those years.

That money could be used either to pay actual tax-exempt dividends after a company lost money, and therefore did not pay taxes, or to justify the refund of taxes already paid.

Marc Carey, a spokesman for the tax department, said it would soon mail instruction booklets with forms for obtaining refunds of taxes paid from July 1 through Dec. 31, 1999.

All the advice we have read assumes that the wife will claim a refund of tax on her low income, rather than share a husband's income so as to take full advantage of allowances.

In the case decided today, the James B. Beam Distilling Company sued in 1987 for a refund of taxes paid to Georgia because the taxes were higher for out-of-state companies.

Are there disadvantages in sharing income to benefit from allowance, rather than for a wife to claim a refund of tax paid on interest or dividends when her income is insufficient to take advantage of the allowances in full?

(This rule also does not apply to a single parent if the older relative is not required to file a tax return and either does not file or only files to receive a refund of taxes withheld.)

Just last year Congress changed the law to provide that companies that lost money in 2001 or 2002 could get refunds of taxes paid in the previous five years, increasing the refunds that would be paid during the economic slowdown.

The case, Texas Monthly Inc. v. Bullock, No. 87-1245, is an appeal by the Texas magazine seeking a refund of taxes it paid the state under a sales tax law on magazine subscription sales that exempted religious periodicals.

"Logically and equitably, where a school district is to be made to pay for a refund of taxes, or, in the case at bar, responsible for a credit against a taxpayer's payment to it, a school district is entitled to intervention," Justice Bucaria said.

If you find you have over-declared tax that has already been passed on and paid by your customers in the bills you issue to them, we can refuse to make a refund of tax to you on the grounds that it would unjustly enrich you.

Provides information on how to accurately and timely pay taxes, how to apply for a tax-free registration, how to apply for a credit or refund of taxes, when a Technical Advice Letter (TAL) may be necessary and many other related issues.

Implementation Plan March 16, 2009 Helping Small Business The Internal Revenue Service announced today that small businesses with deductions exceeding their income in 2008 can use a new net operating loss tax provision to get a refund of taxes paid in prior years.

If you're claiming a refund of tax deducted on earnings or pensions for the 2009-10 tax year or earlier tax years write to HMRC and include any relevant documents about your earnings/pensions during the tax year for which you're claiming, such as:

The other principal change would make it easier for companies to obtain refunds of taxes paid in previous years, and would make it easier for cyclical companies - companies that may make money in some years and lose money in others - to make all their dividends tax-exempt.

The act not only provides for tax refunds for exporters (refund of tax paid on inputs used in the manufacture of goods exported) but also provides for refund of tax in cases where the inputs are taxed at 14.5% and outputs are taxed at 5%.