2007-02-03 08:57:53 · 5 answers · asked by stonecold30120 1 in Business & Finance ➔ Taxes ➔ United States
By having way too much withheld. So they gave the government a no-interest loan of that money for the year.
Anybody can get a big refund - just have more withheld than you owe. Request that an additional $1000 a month be withheld - that would be $12,000 for the year. Does that sound like a good deal?
2007-02-03 15:11:29 · answer #1 · answered by Judy 7 · 0⤊ 1⤋
First question - how much did they make and pay in? It might be that they overpaid a good portion of the taxes.
Second question - Did they own thier own business? There are a lot of legal write offs for owning a business?
Third question - How many dependents do they have?
Your question is too general for me to answer properly. However, those are a few clues.
2007-02-03 09:07:55 · answer #2 · answered by Nancy S. 4 · 1⤊ 0⤋
They might have claimed '0' dependents on the W-4. I always do this, and I always get a good chunk back at the end of the year, even without having kids.
2007-02-03 09:21:29 · answer #3 · answered by JenJen 2 · 0⤊ 1⤋
Sounds like they gave Uncle Sam an interest free loan.
Why do you assume that they cheated? Some people just over withhold.
2007-02-03 09:10:55 · answer #4 · answered by Dizney 5 · 0⤊ 0⤋
If your employer took to much out of your salary. (You may not have put enough exemptions on your W-4.
2007-02-03 09:05:35 · answer #5 · answered by Peaches 4 · 1⤊ 0⤋