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The EITC is a refundable tax credit that provides low-and moderate-income working households with significant refunds.
"I don't hold out a lot of hope that we will ever get significant refunds," said Doug Heller of the Foundation for Taxpayer and Consumer Rights, a nonprofit group based in Los Angeles.
U.S. tax laws give small business owners numerous opportunities to earn significant refunds on their taxes.
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A significant tax refund means you likely withheld too much on your paychecks when you should've been paid (and potentially earned interest on your fatter paycheck) throughout 2011.
This is particularly useful in Europe, where customers are legally entitled to refunds for significant delays.
Last year, the central bank contributed $89 billion to the public coffers — essentially refunding a significant portion of the federal government's annual borrowing costs.
Still, since employees often pay 30 percent or more of the premium through payroll deductions, their portion of a refund can be significant, noted Shawn J. Nowicki, director of health policy for the Northeast Business Group on Health, a coalition seeking to reduce health care costs.
If the Mistral deal is canceled, Russia could use its refund and the significant know-how already gained from building the Mistral's stern on Russian territory to start building a new class of universal amphibious assault vessels in cooperation with China.
"This situation would create two significant problems: Lengthy delays of tax refunds and unexpectedly higher taxes for many taxpayers, who will be unaware that they are newly subject to AMT liability".
"Undetected tax-refund fraud results in significant unintended federal outlays and erodes taxpayer confidence in the federal tax system," TIGTA wrote in its analysis.
For instance, those living outside of Europe can get a value-added tax (VAT) refund which can yield significant savings but require extra time at the airport.
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