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Tax Refunds

April 27, 2009 | Marc Lifsher
Hundreds of Californians, many of them elderly and nearly broke, are pressing legislators for help in getting compensation for some of the money they lost in a Ponzi scheme run by confessed swindler Bernard Madoff. They're asking lawmakers to change state laws so they can get refunds of past taxes paid on income from Madoff that they might never have received. "I've been victimized once by Mr. Madoff.
March 7, 2009 | Patrick McGreevy
The check is in the mail, says state Controller John Chiang. He began Friday resuming payment of state income tax refunds and other obligations that had been frozen last month when California ran out of cash. Chiang said the tax refund checks, cash grants for needy families and the elderly, blind and disabled, and grants for college students can be resumed now that the new state budget is replenishing state coffers.
February 21, 2009 | Jordan Rau
Gov. Arnold Schwarzenegger signed a $130-billion budget Friday that raises sales and income taxes across the board for the first time in 17 years and slashes spending by one of the sharpest rates in modern California history. The governor's signature -- and additional line-item vetoes he made to funding for prisons and the offices of other statewide elected officials -- reduces spending from the state's main pool of tax dollars by 11% over the next 16 months.
February 1, 2009 | Patrick McGreevy and Jordan Rau
Wendy Hansen, a 52-year-old single mom in Monrovia, says she cannot afford a delay in her anticipated state income tax refund of $1,800. Without the check, Hansen said, she will have to put off debt payments, long-needed repairs on her house and treatment for a back problem that she believes has been aggravated by stress over finances. An estimated 2.
January 21, 2009
Re "Controller 'pulls trigger,' suspends state tax refunds," Jan. 17, and "Gov. says budget is No. 1 goal," Jan. 16 Can I charge the state of California penalties for its late payment of my tax refund? My family also has budget problems, so I would like to suspend all state tax payments at this time and offer an IOU that is free of interest and penalties. When my wife and I decide how to solve our budget problem, I would be happy to send what we owe in taxes. Steve Shaevel Woodland Hills -- So California Controller John Chiang has decided to suspend state tax refunds.
January 17, 2009 | Evan Halper and Patrick McGreevy
The state will suspend tax refunds, welfare checks, student grants and other payments owed to Californians starting Feb. 1, Controller John Chiang announced Friday. Chiang said he had no choice but to stop making some $3.7 billion in payments in the absence of action by the governor and lawmakers to close the state's nearly $42-billion budget deficit. More than half of those payments are tax refunds.
January 3, 2009 | Associated Press
California's attorney general has settled a lawsuit against H&R Block Inc. over a widely used loan program that gives the nation's largest tax preparer a chunk of customers' tax refunds. Atty. Gen. Jerry Brown said Friday that the $4.85-million settlement would stop H&R Block from offering high-cost loans it had marketed as early tax refunds. Former Atty. Gen. Bill Lockyer sued H&R Block in 2006, adding California to a long list of others that sued over its "refund anticipation loans."
January 25, 2008 | Alana Semuels and Leslie Earnest, Times Staff Writers
If the money comes, they will spend it. Most taxpayers in Southern California would be eligible for tax rebates under the economic stimulus plan drafted in Washington on Thursday. Many, it seems, would cash their checks and head to the mall. "I'm not just going to go out and blow it, but it's unexpected, and that's a pretty good amount of money," said Adam Finer, a 36-year-old lighting technician from Burbank.
January 4, 2008 | Kathy M. Kristof, Times Staff Writer
The Internal Revenue Service said Thursday that it was considering curbing tax refund loans offered by tax preparers such as H&R Block Inc. and Jackson Hewitt Tax Service Inc. More than 12 million people take out such loans each year to in effect get advances against their refunds, according to a study by consumer groups, which have long criticized the fees on the loans as excessive. The IRS suspects that some preparers may be inflating refunds to increase the size of the loans they make.
October 2, 2007 | From the Associated Press
Tribune Co. said Monday that it had received a refund of about $344 million in income taxes and interest paid under a 2005 U.S. Tax Court ruling in a case it settled with the government. A tentative settlement was reached last spring during an appeal of the 2005 decision, which had disallowed the tax-free reorganization of Matthew Bender & Co., a former subsidiary of Times Mirror Co.
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