In recent years, tax refunds have become common, and rightly so. More and more employees are turning to tax consultants for demanding tax refund for previous tax years, and discover to their surprise that they are entitled to large sums.
The reasons for tax returns are many and varied.
The main reasons for tax returns: Credits, deductions, regulations, benefits and rules that allow to pay less tax.
Tax refunds can require up to six years back. Beyond this period there is a statute of limitations.
Each year that passes we are losing the excess funds that the IRS took from us. It is important to know that these funds will not return to us, unless we issued a tax refund report.
To maximize the return, we need to take into account all the credits and deductions.
Tax refund due to overpayment in respect of income tax. These conditions are caused primarily due to the tax calculation errors made by the employer or his lack of knowledge or of the employee.
State tax revenues in Israel
Israeli Tax Authority did a good job in 2015. Israel state treasury got from taxes more than 85 billion NIS - an increase of 10% compared to 2014.
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Israeli Tax returns – all the info
Probably you have noticed that money from your salary goes to the IRS. The tax is the money that your take in orde to provide all the necessary services.
