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IRS Provides Reasons Why Some Tax Refunds Filed Electronically Take Longer than 21 Days

The IRS has informed taxpayers that the agency issues most refunds in less than 21 days for taxpayers who filed electronically and chose direct deposit. However, some refunds may take longer. The IRS listed several factors that can affect the timing of a refund after the agency receives a return. A manual review may be […]

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IRS Dispels Common Tax Refund Myths

The IRS addressed the following common myths about tax refunds: Myth 1: Calling the IRS or visiting an IRS office speeds up a refund. The best way to check the status of a refund is online through the “Where’s My Refund?” tool. Taxpayers can also call the automated refund hotline at 800-829-1954. Myth 2: Taxpayers need […]

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No Filing Deadline Extension Recommended Despite IRS Backlog – NTA

No Filing Deadline Extension Recommended Despite IRS Backlog – NTA The Internal Revenue Service should not extend the individual filing tax deadline, currently set at April 18 for most of the country, despite the significant backlog in processing of paper tax returns and other mail correspondence that can have an impact in the current the […]

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Simplified Return Filing Procedures Let Individuals Claim 2021 Child, Recovery Rebate and Earned Income Credits

Simplified Return Filing Procedures Let Individuals Claim 2021 Child, Recovery Rebate and Earned Income Credits Individuals who are not required to file tax returns for 2021 may use simplified procedures to file returns to claim: The 2021 child credit, which was expanded and increased for 2021. The IRS may have paid up to one-half of […]

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IRS Begins 2022 Tax Season and Issues Tips for a Smooth Filing Season

IRS Begins 2022 Tax Season and Issues Tips for a Smooth Filing Season The IRS has reminded taxpayers to take extra precautions to file accurate tax returns electronically to speed refunds as the agency begins the 2022 tax filing season. The IRS is now accepting and processing 2021 tax returns. Over 160 million individual tax […]

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