Highlighting the Biggest Tax Changes for 2025: What You Need to Know As the 2025 tax season approaches, taxpayers need to stay informed about key updates and changes to the tax code. Filing your 2024 taxes next year will include some notable adjustments that may affect your tax liability, refund amount, or filing process. This…
Category Archives: Tax Return Processing
Reducing Unprocessed Tax Returns and Amended Returns in 2023
The Internal Revenue Service (IRS) has been working diligently to address the backlog of unprocessed tax returns and amended returns. In this blog post, we will highlight the significant progress made from August 2022 to July 2023, as the IRS has reduced the backlog from 7.5 million returns to 3 million returns. Let’s delve into…
IRS backlog of tax returns will continue through the 2023 filing season
The IRS watchdog reported this week that the agency is unlikely to eliminate a huge backlog of tax returns this year, again leaving many U.S. taxpayers waiting for their returns and their tax refunds to be processed. “The delays in processing backlogged tax returns continue to burden taxpayers,” the report released Thursday from the Treasury…
IRS Tax Return Processing Delays Continue Millions of Americans Are Still Waiting on Their 2020 Tax Returns
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…
Refund Hold
The IRS issues more than 9 out of 10 refunds in less than 21 days. However, it’s possible your tax return may require to be held for an additional review and take longer. Where’s My Refund? has the most up to date information available about your refund. The tool is updated daily so you don’t need…
The Taxpayer Roadmap
The Taxpayer Roadmap – An Illustration of the Modern United States Tax System The map below illustrates, at a very high level, the stages of a taxpayer’s journey, from getting answers to tax law questions, all the way through audits, appeals, collection, and litigation. It shows the complexity of tax administration, with its connections and…
Daily or Weekly Accounts
IRS Daily and Weekly Account Processing What is the difference between IRS Daily and Weekly Accounts? The difference is when your tax return is processed, and when updates are made and posted to your account. Daily Accounts: Daily Tax Accounts: Certain individual tax returns undergo daily processing without requiring any additional actions to the taxpayer’s account…
Unpostable Tax Return
Every year, the IRS works a large batch of ”unpostable” tax returns. An Unpostable tax return happens when your tax return is unable to be posted to the master file. An unpostable condition occurs if there is a discrepancy between information on the taxpayer’s account and data on the tax return that prevents IRS from posting…