More than $14 million in Virginia tax refunds issued through debit cards goes unclaimed

Posted on 03.13.17

More than  million in Virginia tax refunds issued through debit cards goes unclaimed

Jennifer Flinchum, Tax Partner, shared her insights on the most efficient way to receive tax refunds in the article, "More than $14 million in Virginia tax refunds issued through debit cards goes unclaimed", which was published in the Richmond Times-Dispatch.


Excerpt:

“I am happy the debit card option was eliminated; it wasn’t popular or well received by taxpayers,” said Jennifer F. Flinchum, a partner at the Keiter accounting firm in Henrico County.

“The state was trying to be efficient,” she said. “Direct deposit straight into a taxpayer’s bank account is the most efficient way to get a refund.”



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Source:

Richmond Times-Dispatch | Carol Hazard | March 11, 2017

Posted by: Jennifer F. Flinchum, CPA, CFP®

Jennifer partners with her corporate and individual clients to identify tax planning and credit opportunities while managing liability and risk. She applies her significant experience in tax compliance and strategic consulting for both privately held businesses and their owners. Her expertise also includes tax accruals, mergers and acquisitions, multi-state tax issues, audit controversy and executive compensation.is the lead partner of Keiter’s Family, Entrepreneur, and Executive Advisory Services Team and a Manufacturing, Retail and Distribution industry team leader.