Our Blog - MC Tax Relief

On Jan. 24, the IRS resumed taking tax returns on a more regular timetable. However, IRS Commissioner Chuck Rettig advised taxpayers to file carefully in 2022 to avoid processing delays similar to those experienced in recent years, stating that the IRS is "facing enormous challenges related to the pandemic" and noting taxpayers' displeasure.

Here's what you need to know if you're waiting for your tax return.

Assuming you submit your return electronically with direct deposit into your bank account, you should get your refund within 21 days if there are no problems. If you file electronically but prefer a paper check, your refund will take about a month to arrive. If you submit a paper return and request a paper check, that time frame can easily double - to two months or more.

If there are errors on your return, if the income you reported doesn't match the W-2s or 1099s the IRS received for you, or if your return was affected by recent tax law changes, the procedure may take longer.

Within 24 hours after e-filing, you may check the status of your return using the IRS's Where's My Refund? service. If you submitted a paper return, you may not be able to check on its progress for four weeks or longer after filing. Fill in your Social Security number, filing status, and the exact dollar amount of your tax return refund. If your return has been received, if the refund has been accepted, or if the reimbursement has been sent, the tool will notify you. The IRS updates the data on a daily basis.

Some of the reasons why your payment may be delayed, as well as what you can do about it, are listed below

For a variety of reasons, your reimbursement may be delayed. In certain circumstances, you'll just receive the funds later than anticipated. In some cases, the IRS will send you a letter requesting more information before completing your return and sending your refund. Remember that if the IRS has problems with your return, it will never call you - that's generally a fraud – but will instead send you a letter. If you receive a notice from the IRS about your return, respond quickly.

Here are some possible causes for the delay in your refund:

If you made a math error or omitted to sign your return or include your Social Security number, your refund may be delayed. It may also be delayed if the information on your dependents does not match IRS records, or if you omitted a related schedule or form to substantiate a deduction or credit.

When you receive W-2s or 1099s, the IRS receives copies as well. If the numbers you provide and the information the IRS gets don't match, your return might be delayed while the IRS works out the details. Make sure you don't miss any revenue while filing your taxes, especially if you have many side hustles.

If you choose direct deposit but the bank account's ownership doesn't match the filing status on the return – for example, if the refund is deposited into an account for one spouse when the return was filed jointly – your refund may be delayed and the IRS may issue a printed check.

IRS identity theft filters may delay returns and tax refunds until taxpayers prove their identities. You'll very certainly need to give information from last year's return, your current year return, and your current year Forms W-2 and 1099 to the IRS Taxpayer Protection Program unit.

IRS tax problem solver can help you with any tax problems you might be having. Get in touch with MC Tax Relief today if you’re looking for the best IRS tax relief company.