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Posted by joseph.w.pak on March 27, 2007, 1:21 am
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Can you still deposit/cash an Income Tax Refund check issued
by the State AFTER the 180 days in which it states your
check will be voided?
I recently uncovered a State of NJ income tax refund check
dated April 24, 2006. It is March 26, 2007 - almost a year
old!!
I have heard you can deposit a government-issued check
within a year of the check date. Is this true? If so,
please let me know and I will run over to the ATM tonight!
Thank you guys!
Joe
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<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
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Posted by Stuart A. Bronstein on March 28, 2007, 5:53 pm
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joseph.w.pak@gmail.com wrote:
> Can you still deposit/cash an Income Tax Refund check issued
> by the State AFTER the 180 days in which it states your
> check will be voided?
>
> I recently uncovered a State of NJ income tax refund check
> dated April 24, 2006. It is March 26, 2007 - almost a year
> old!!
>
> I have heard you can deposit a government-issued check
> within a year of the check date. Is this true? If so,
> please let me know and I will run over to the ATM tonight!
The general rule is that after six months a bank can accept
or reject a check, at its discretion.
But if the check says on the face of it that it's not good
after 180 days, I wouldn't chance it. Ask them to issue a
new check.
Stu
<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>
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Posted by Phil Marti on March 28, 2007, 5:53 pm
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> Can you still deposit/cash an Income Tax Refund check issued
> by the State AFTER the 180 days in which it states your
> check will be voided?
>
> I recently uncovered a State of NJ income tax refund check
> dated April 24, 2006. It is March 26, 2007 - almost a year
> old!!
>
> I have heard you can deposit a government-issued check
> within a year of the check date.
I've heard that banks charge outrageous fees when a deposit
bounces. I'd go the safe route of having the state reissue
the check. For an intermediate level of safety, call the
state and ask.
--
Phil Marti
Clarksburg, MD
<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>
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Posted by Steve Foley on March 28, 2007, 5:54 pm
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> Can you still deposit/cash an Income Tax Refund check issued
> by the State AFTER the 180 days in which it states your
> check will be voided?
If the check says void on it, it's void. Your bank may
charge you a bad check fee for depositing it.
Call the state and find out about issuing a replacement.
<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>
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Posted by Paul Thomas, CPA on March 28, 2007, 5:54 pm
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> Can you still deposit/cash an Income Tax Refund check issued
> by the State AFTER the 180 days in which it states your
> check will be voided?
>
> I recently uncovered a State of NJ income tax refund check
> dated April 24, 2006. It is March 26, 2007 - almost a year
> old!!
>
> I have heard you can deposit a government-issued check
> within a year of the check date. Is this true? If so,
> please let me know and I will run over to the ATM tonight!
Clearly it's worth a try. But I wouldn't count on that
money being there till it clears (give it two or three weeks
to be sure).
Or, why not call the state and ask. What's the worst they
can say, "Nope, we'll have to issue you another check".
Beats a bunch of NSF fees.
--
Paul Thomas, CPA
paulthomascpapc@bellsouth.net
<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>
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