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Oct 30 13 7:18 PM
Oct 30 13 7:21 PM
jeffslady77 wrote:Yes, sir. My apologies for not working through your example before replying. So excited to have it explained. Thank you again for time.
No apology necessary...it is complicated and I just wanted to reference a more detailed explanation. Please take note of the taxable income reduction that might apply in your case (I provided a link). Many have received refunds by submitting 1040X forms for multiple years, including me.
Oct 31 13 3:11 PM
Dec 10 13 9:00 AM
Dec 10 13 12:27 PM
Re: "Got my rating increase from 80% to 100% in Sept 2011. I received my audit sheet from DFAS in Sept 2012 which showed a balance due of $500 which they forwarded over to the VARO in Nashville. Sent an IRIS request November 2013 and just got a letter saying they received my request......."
As you have found, it is impossible to project when a military retiree will receive their retro under present conditions.
You might have noticed (by viewing VBN) that a retiree recently received his retro only a month or two after his claim was approved and another retiree was still waiting (for the same VARO) to generate his payment after 21 + months (note: he received his payment a month or so later).
I received a retro payment in October 2013 after ~21 months. There was (and is) another retro due to me from the same VARO of around $400--it remains unpaid. It seems both would have been done at the same time. The small retro entitlement is now about 17 months old.
Re: "I retired from the Marines Oct 1, 2014 with 18 years of service so I collect retirement as well."
With a retirement date of 1 Oct 14, the earliest you can be paid VA compensation is for the 1-30 Nov 14 compensation period. You cannot receive VA compensation prior to that date since you were on active duty thru 30 Sept 14.
You said, "I just checked my account and i am finally getting a deposit from the VA for my 1st disability check which was for Mar 1, 2014." Are you sure that payment is not for 1 April 2015 which was just posted? That payment would be for 1-31 March 2015.
It appears you are a TERA retiree. If you are a chapter 61, please advise.
Your back pay for VA compensation, based on the very limited information presented will be 1-30 Nov 14 through 1-28 Feb 15 (four months).
I have made some assumptions in order to comment on this case.
The range for wait time (for military retirees) for retro VA compensation is 2-24 months after the VA receives the necessary audit sheets from the VA. The audit results are transmitted to the VA only once a month and that is around the 19th.
There is no method to predict how long you will have to wait for your retro VA compensation.
Infidel0369 wrote:Thank you so much Ron you have been very helpful
You are welcome. As you know, as a TERA retiree you are entitled to CRDP. Check the second page of your RAS once you begin receiving your VA comp and all your retired pay on a regular basis.
The DFAS audit I referred to earlier is required prior to the VA paying retro VA comp to retirees, It is performed by DFAS and is usually completed in a 30-60 day timeframe; then it is submitted to the VA.
Many retirees receive their back pay much sooner than 24 months. However, some (such as myself) have waited two years for retro comp from the VA. Most of my retro payments have occurred within the six month to 12 month timeframe. I retired in 1991.
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