And the part I really don’t understand is this: IRS Commissioner Werfel told reporters last Friday, “If there’s a change that impacts your return, we will make the change, and we will send you the update — whether it’s an additional refund or otherwise — without you having to tak...
There are a few reasons why your federal refund may be delayed. One of the most common culprits is submitting a return that contains an error, such as the wrong Social Security number or incorrect direct deposit information. The IRS could also be holding up your refund if it requires additi...
YOUR TAX REFUND COULD BE DELAYED THIS YEAR - HERE'S WHY "The IRS is serving more people and entities in a global environment than ever before while handling new and bigger responsibilities," Rettig said. "At the same time, we have experienced delays in updating our IT systems, which means...
Why is it taking so long to get my tax refund? To understand why processing has been delayed you need to understand therefund process. It starts with the submission of your final tax return. After your tax return has been accepted by the IRS (return received) they will start processing it...
I filed in May and my refund is still processing. What a sucky year to have refunds delayed so astronomically. And the fact there is no successful way to contact the irs regarding concerns on submissions is frustrating. more ben3791 , 02/09/2022 Useful Tool! I’ve used this app to...
I expect 1099-K form and income reporting requirements to cause lots of confusion and require taxpayers to fileamended returnsand likely face long delays ingetting their refund in 2023. Fortunately Congress is also realizing this issue and both Democrats and Republicans have introduced bills to try...
If the refund has been frozen, the taxpayer should expect to get one of several letters from the IRS seeking additional information — things like identity confirmation, if they actually qualified for one of the three tax credits, or if they used a tax preparer. If a tax preparer ...
Tax refunds up from 2023; most Americans plan to pay down debt or save A new Bank of America Institute report found that taxpayers' refund checks will on average be about 5% larger compared to a year ago, with most planning to pay debt or save the refund. Money April 15 How much of ...
Throughout the Covid-19 pandemic, the IRS has said not to call in to helplines, as the agency had closed Tax Processing Centers, Taxpayer Assistance Centers and other offices due to Covid concerns. Instead, it has encouraged taxpayers to use theWhere’s My Refund? toolon its site...
As Americans turn the page on another tax season, the Internal Revenue Service may finally be turning the corner on a mountainous backlog of tax returns, delayed refunds and poor customer service that gave people even more reason to groan about the federal agency they love to hate. ...