In the face of a flood of illegitimate claims for the Employee Retention Tax Credit (ERC), the IRS has imposed an immediate moratorium through at least the end of 2023 on processing new claims for the credit. The reason the IRS cites for the move is the
…the core problem is that Republicans slashed the IRS budget about 18 percent in the past decade. That’s not belt-tightening, it’s gutting an agency. …The Biden administration is rightly asking for a big increase for 2023 (a request of $14.1 billion). This isn’t some Democratic wish...
Why is my 2023 refund still being processed? According to the IRS, the agency issues most refunds within 21 days of filing online or four weeks of mailing your paper return, but a few circumstances could delay processing. Math errors or missing information are common culprits that can ...
…and so it continues into 2023…and, alas, into 2024It is 2025 and, yes, it's still an issue You can find medical coronavirus resource links in the next section. COVID-19 Resources Need help finding a coronavirus vaccine in the United States? Call 1-800-232-0233 or TTY 1-888-720...
There is a massive accumulation of paperwork going back to last year still awaiting processing, according to the report. The mountain of paperwork includes at least 10 million individual tax returns and 4 million business tax returns, holding up refunds and credits going back to last year. ...
PATH has been lifted, but its still showing when I check the refund status. I filed on January 24 and it was accepted the day of Jan 24th, but others have a status now and know when they get their refund. Reply Crystal Feb 18, 2023 at 2:27 AM I filed mine on January 23rd,fi...
Breanna Cozzolino Feb 16, 2023 at 12:23 AM Where did you find the code? I didn’t see anything on my transcript? Reply Lamarr Simms Feb 16, 2022 at 5:18 PM Mines been over 21 days and still have processing and date will be available soon I filed 1/20 accepted 1/21 and noth...
On September 14, 2023, the Internal Revenue Service (IRS) announced a moratorium on processing new Employee Retention Credit (ERC) claims. In its News Release, the IRS stated that the moratorium is due to “rising concerns about a flood of improper Employee Retention Credit cla...
In September 2023, the IRS initiated a moratorium on processing ERC new claims so it could digitize and review queued claims and investigate high-risk claims. Those investigations continue but to balance the delays, the IRS last week said it recognized the importance of prioritizing and ...
To be sure, it's still early in the tax filing season, with the IRS typically receiving more than 160 million tax returns annually. That means the vast majority of Americans have yet to file their taxes; the average refund is likely to change as the April 18 tax filing deadline draws ...