What Is a Split Refund?

What Is a Split Refund?
Dr. Friday Tax Tips - One Minute Mo...

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Dr. Friday 0:00
Good day. I’m Dr. Friday, president of Dr. Friday Tax and Financial Firm. To get more info, go to www.drfriday.com. This is a one minute moment.

You know, we always talk about taxes and all the good things because you know, I love that kind of stuff. But I also take questions and one of the questions I received is what is a split refund. Apparently they’re working on their taxes and saw that and they weren’t too sure what to do with it. It’s a kind of a pretty cool thing – two things. One, maybe a husband and wife are filing together, but maybe they also each know how much their refund or they want 50% or maybe have a savings account. You want some of the money to go to saving some of it to go into your general checking. That’s what a split refund. Now if your tax preparer basically turns around and says almost split your refund, that is something you need to be contacting the IRS. That is not allowed.

Give me a call 615-367-0819.

Announcer 0:53
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