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Yesterday, April 11th, I prepared tax returns for 2 individuals who had not file for 2 years. Each one had a great deal of money coming back from each year.
What in the name of God would make people set on this much money for so long?
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Forced savings. If they had it two years ago it would have been spent. And since the banks were paying 0.1% interest, leaving it with government was about the same.
Same old issue - would you prefer $1,000 back or an extra $20 per week in your paycheck. most people would blow the $20. Economics of money or psychology of money. In your client's case - lazy.
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I have a few that don’t bother to file until the 3 year statute looms… filed 3 2019 returns last month. Have one going in the mail today with 3k refund….
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Just because taxes are the most important thing in your life right now doesn't mean taxes are the most important thing in the lives of normal people. Maybe they didn't care to share with you the family tragedies that disrupted their routine for the past couple years. Or maybe the refunds are a drop in the bucket compared with the profits from selling fentanyl that they didn't tell you about.
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Here is another weird case. I had a four Oclock appointment for today and he just called me to inform me that 6 days for the deadline he hs to cancell because he does not have all of his paperwork together. Can you believe that.
As far as making another appointment guess what I told him .
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@rcooley25 I know exaclty what you mean.. each appointment slot I book is a valuable, sought after spot and I had someone just no show me this morning. I know something could have happened to them but I am guessing they just didn't show for whatever reason. oh well.. I filled it with some monthly write ups that I fell behind on.
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IRS pay interest on refund