It’s been no secret that the IRS has been underfunded – not to mention under-staffed – for quite some time. Yes, this is a problem in part brought on by the COVID-19 pandemic. However, it’s also an issue that has been brewing for years. All of this seemed to come to a head earlier in… Continue reading IRS Tax Return Processing Delays Continue Millions of Americans Are Still Waiting on Their 2020 Tax Returns
Category: Tax Refund Delays
Find the latest updates and information about Tax Refund Delays here!
A Math Error Could Be Behind Your Tax Refund Delay
The year 2020 is going to go down in the history books for a lot of reasons, and one of them is the enormous increase in the number of math errors that taxpayers made on their tax returns. The result has been unfortunate delays in refund checks being mailed out. If you filed on time… Continue reading A Math Error Could Be Behind Your Tax Refund Delay
Still, waiting for your tax refund?
It’s been almost four months since the filing deadline for your 2020 tax return, and you haven’t gotten your refund check yet. Should you be worried? Not necessarily. What should you do? Probably nothing. What can you do? Probably nothing. Are you alone? Absolutely not. According to the Internal Revenue Service, as of Sept. 4,… Continue reading Still, waiting for your tax refund?
Significant Delays of Legitimate Tax Refunds
I thought it would be a good idea to discuss an issue that affects many taxpayer returns, namely the IRS processes for identifying and stopping refund fraud. Attempted refund fraud has become a significant problem in our tax system. According to the most recent figures available, in the calendar year (CY) 2016, identity theft (IDT),… Continue reading Significant Delays of Legitimate Tax Refunds
IRS Fraud Filters Delay Tax Refunds
The IRS’s Failure to Establish Goals to Reduce High False Positive Rates for Its Fraud Detection Programs Increases Taxpayer Burden and Compromises Taxpayer Rights Over the past decade, the IRS has been significantly impacted by fraud and identity theft. To detect and prevent identity theft and other tax refund fraud, the IRS has established a… Continue reading IRS Fraud Filters Delay Tax Refunds
How Long Can the IRS Delay Your Tax Refund?
It turns out that there is no set time schedule for when refunds have to be given to people who file taxes (and who qualify). This is probably not the answer that you wanted and is slightly unsettling. The IRS doesn’t like to leave us completely in the dark; in prior years they issued a refund… Continue reading How Long Can the IRS Delay Your Tax Refund?
PATH ACT LAW will Delay Tax Refunds Every Year
Some tax refunds that include an Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC) will be held until February 15. This action is driven by the Protecting Americans from Tax Hikes Act of 2015 (PATH Act) that was enacted Dec. 18, 2015, and made several changes to the tax law to benefit… Continue reading PATH ACT LAW will Delay Tax Refunds Every Year
What Causes Delays in the IRS’ Approval of Electronic Tax Returns?
Every spring, taxpayers across the USA gather their tax documents to file taxes and get that coveted refund check. The IRS issues tax refunds based on a tentative schedule they release in early January. Simply filing your tax return according to their schedule does not mean you get your refund exactly on time. Several factors… Continue reading What Causes Delays in the IRS’ Approval of Electronic Tax Returns?
Refund Timing for Earned Income Tax Credit and Additional Child Tax Credit Filers
The IRS will begin to release EITC/ACTC refunds starting Feb. 15. However, the IRS cautions taxpayers that these refunds likely won’t arrive in bank accounts or debit cards until the week of February 27 — if there are no processing issues with the tax return and the taxpayer chose direct deposit. This additional period is… Continue reading Refund Timing for Earned Income Tax Credit and Additional Child Tax Credit Filers