Wednesday, March 16, 2011

Ohio Mistakenly Promises Taxpayers Whopping Tax Refunds

Over 10,000 residents in Ohio received letters claiming they would be sent huge tax refunds. One woman, Denise Bossetti, was sent a letter telling her to expect a $200 million check in the mail. So, who’s thinking a move to Ohio might just be a lucrative venture?

From AccountingToday.com:

    “I thought, ‘They are going to have a big negative when they cut that check,’” Bossetti told the Sandusky Register. “We had a big laugh. I kept saying to Charlie, ‘What’s it like to live with someone with $200 million?’ He said, ‘Let’s wait till we get the check.’”

    The Ohio Department of Taxation admitted that it has sent approximately 9,700 letters to taxpayers advising them of the hugely exaggerated refunds.

    Ohio is facing a projected budget deficit of approximately $8 billion.

More here