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 Return Processing
Find the latest updates and information about Tax Return Processing here!
Create an Online Account at IRS to view your balances, make payments, get transcripts, and more!
The IRS offers an online account application for individual taxpayers. With online account access, you can view: The total amount you owe, including balance details by year; Your payment history and any scheduled or pending payments Key information from your most recent tax return; Payment plan details, if you have one; Digital copies of select… Continue reading Create an Online Account at IRS to view your balances, make payments, get transcripts, and more!
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… Continue reading Refund Hold
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… Continue reading The Taxpayer Roadmap
Daily or Weekly Accounts
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: Some transactions post to the Master File on a daily basis as opposed to during the weekly cycle. If your cycle code ends with a… Continue reading Daily or Weekly Accounts
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… Continue reading Unpostable Tax Return
How many have received emails that tax returns are being accepted!
Congratulations! Accepted means your e-filed tax return has passed the initial inspection (Social Security numbers are correct, dependents haven’t already been claimed, etc.) and the government has your tax return. Consider acceptance as your official government delivery receipt. Turbo Tax Users H&R Block Users Does “accepted” mean my refund is approved? No – accepted means your tax return is now… Continue reading How many have received emails that tax returns are being accepted!
Daily vs. 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: Some transactions post to the Master File on a daily basis as opposed to during the weekly cycle. If your cycle code ends with a… Continue reading Daily vs. Weekly Account Processing