RefundtalkThe 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…
Category Archives: Tax Return Processing
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…
Where’s My Tax Refund? – Frequently Asked Questions
You may have submitted your tax return form weeks ago and you still do not have it in your bank account. Read on to learn about tracking your income tax return status and more. How Long Do I Have to Wait For My Refund? IRS usually has a 21-calendar-day policy in issuing refunds. However, this may take…
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…
IRS Still Being Processed vs. Being Processed
There are two different being processed messages. One is “still being processed” and the other is “being processed” and they both have different meanings. What does “Your tax return is still being processed” mean? The “your tax return is still being processed” tax refund status can mean many things, but the main one is that…
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…
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