• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / Accountant says don’t waste your refund

Accountant says don’t waste your refund

April 17, 2006 By admin

With the deadline for filing federal tax returns tonight (Monday) at midnight, some Iowans might already be plotting how to spend their refund checks. Jeff Strawhacker, a certified public accountant in central Iowa, urges his clients -not- to blow the money on something frivolous.

Strawhacker says if you have credit card debt or owe money on a car, this is a perfect time to pay that debt down. He also suggests putting the money in savings as an investment or so you’ll have it for an emergency. Strawhacker says he strives for his clients -not- to get a refund check, but to break even.

If you get a refund every year, Strawhacker says that’s money you’re essentially loaning to the U.S. government tax-free for use all year and you have to wait until tax season to get it back. A recent report found more Iowans use computer software to prepare their taxes but still print the returns out and send them in to the I-R-S via snail-mail. Strawhacker says that doesn’t make much sense, adding, people shouldn’t be afraid to e-file.

His West Des Moines office has been using e-filing for years and he finds it to be very fast and efficient, with refund checks being returned within two or three weeks instead of six to eight weeks. Plus, he says there’s confirmation of receipt by the I-R-S when the return gets there electronically — no waiting and wondering if it got lost in the mail.

Share this:

  • Facebook
  • Twitter

Filed Under: Uncategorized Tagged With: Taxes

Featured Stories

Exhibit features lesser known works of Grant Wood

Testing finds 21 new CWD cases in deer

It may become a crime in Iowa to use fake urine in workplace drug tests

February trending 18 degrees below average temperature

Iowa House Education Committee votes to end tenure at UI, ISU, UNI

TwitterFacebook
Tweets by RadioIowa

Iowa’s Jack Nunge lost for the season

Key stretch begins for #9 Iowa

Drake’s Roman Penn lost for the season

Drake’s DeVries named to Naismith watch list

State wrestling opens with limited attendance

More Sports

eNews and Updates

Enter your email address:

Delivered by FeedBurner

Archives

Copyright © 2021 ยท Learfield News & Ag, LLC