G
Guest
Is it really a rebate or just an advance on next year's return? I have seen conflicting information ....... or when I get a tax rebate.
JR
Is it really a rebate or just an advance on next year's return? I have seen conflicting information ....... or when I get a tax rebate.
It is an advance on an additional credit for next year's return. It's a "paperwork" thing with the IRS. Bottom line - it's extra money. Next year, you'll get a credit based on your situation, but you collect it this year. I don't know if it will be complicated paperwork for the taxes, but I'm sure they'll build it into Turbotax.Is it really a rebate or just an advance on next year's return? I have seen conflicting information ....
JR
Oh, I hear you. I just haven't looked at it in depth and there's a lot of lawyer wording.At 95% assuredness .. you aren't instilling me with a lot of confidence here!! :suicide:
You not off point at all and in fact are pulling the rest of back on point.May be sort of off topic, sorry. I've been a regulator for 5 years now. For the previous 20 years I was in private industry (although when in the aerospace industry we obviously were government contractors).
I have seen the exact same scenario playing out in my office. In fact, in many cases I have encountered decisions made by 'feel' rather than the facts presented. IMHO, this is comes back to being able to EFFECTIVELY communicate the needs based on regulatory requirements rather than the 'I think' this or that when you may not fully understand or appreciate the big picture.I have noticed one thing with the career regulators I work with now, who have never worked in the private sector. Although they are among the smartest and most dedicated people I have worked with, they have no idea about the real world.
Again, I have seen the exact some cycle playing out in my office.And they cut the people we regulate very little slack. Our particular regulations leave room for a great deal of "wiggle room." But these folks I work with expect everyone to be perfect.
I'm with you benbo. It's tough to be placed into the position of regulator after being in private industry. Because, as you said, there are so many career regulators who have no real concept of how things work in the real world, and what is or is not practical. I see that a lot with the federal folks I interact with.May be sort of off topic, sorry. I've been a regulator for 5 years now. For the previous 20 years I was in private industry...
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