When will you receive your refund? The answer depends on how you filed your return. The IRS should issue your refund check within six to eight weeks of filing a paper return.
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Get a load of these wacky tax situations:
1. Next month, the IRS is auctioning off the remaining annuity from the deferred compensation agreement which Darryl Strawberry signed with the NY Mets. The remaining unpaid contract is worth about $1.28 million. The sale will happen in Fairview Heights, IL. in January of 2015 to pay off Strawberry's tax bills. Mail in bids will be allowed. The minimum bid of $550,000 has to be approved by a judge. Here are the terms.
2. How is this for a weird tax: Jock Tax. It was first imposed by California back in 1991, after the Chicago Bulls beat the L.A. Lakers. After that game, any team playing in California was subjected to the California State Income Tax. Since then, half of the state have adopted this tax.
3. This one is a winner every time: Cow Flatulence Tax. Since the livestock "byproducts" are key producers of methane, and since we are concerned with global warming, Ireland and Denmark are taxed on their cows. Just $18 per cow in Ireland, but cow flatulence will cost Danish farmers $110 per cow.
4. Playing Card Tax - If you buy cards in Alabama, you'll pay a 10 cent tax on the deck. Meanwhile, Nevada gives free decks in exchange for a completed tax return.
5. Candy Tax- In Chicago, candies with flour (like chocolate and ice cream) are considered "food" and taxed normally. But hard candy, is just candy and taxed an additional 5.25%. Gads they will probably star taxing the "dough boy" if he doesn't start wearing jeans. Well, maybe they'll be skinny jeans.
6. Once you reach 100 years old - you are tax-exempt. At least in the State of New Mexico.
7. It's a lot of HOT AIR. In Kansas, you have to pay taxes on that hot air balloon ride. It seems that tethered balloons are taxed, but those that "roam" are not because they are considered a legitimate form of transportation.
8. Just FYI, getting a new tattoo is NOT a medical expense.
9 Cat lover alert! The IRS actually allowed cat food as a deduction, because the taxpayer proved they were "work cats" and the felines helped to clean up a junkyard by eliminating snakes and rats which made the place of business safer.
10. This one is creepy. The United States Tax Court also ruled that a professional bodybuilder could deduct the costs of the body oil he used in competitions to make his muscles glisten, but deductions for buffalo meat and special vitamin supplements were denied. Somehow it just seems odd - - a panel of tax court judges discussing the tax benefits of body oil. But, they actually wrote up an 18 page decision.
11. Oregon resident Krystle Marie Reyes was busted for a fraud case. She filed a fake return ans was able to get back $2.1 million from her Oregon state refund. She had the refund put onto her Visa debit card and spent $200,000 before she was caught. The only reason she got caught is because she had to report the card was stolen from her.