WHAT SLOWS DOWN A TAX RETURN PART TWO

May 2, 2022 - Douglas Myser

What slows down a tax return part two. Another myth that some taxpayers seem to believe is that they need to wait for their 2020 tax return to get processed and finished prior to filing their 2021 tax return, or all refunds are delayed due to the number of 2020 tax returns still being processed by the IRS. No you don't have to wait to file these returns. In fact if you don't know how to file your returns, we can file all of them, then determine your options for Tax Relief in the IRS code, including whether you might qualify for the IRS Fresh Start Program, or any Tax Relief outside that program. We are a 36 year old Tax Resolution Company, with Superior Tax Professionals. Our Tax Resolution Services can and will help you make the right decision about what to do with your back tax debt. Tax Resolution for 36 years across all America. What slows down a tax return part two.

Some taxpayers think they can get a refund by ordering up a tax transcript. Ordering a tax transcript will not help taxpayers regarding the time frame to get a refund, and it will not speed up the time to get it either. Taxpayers can use a transcript to validate past income and tax filing status for a mortgage, student and small business loan applications and to help with tax preparation. The fastest way to check on the status of your tax refund, is with the Where's My Refund ? tool at the IRS Website IRS.GOV

Myth four: Where's My Refund Tool must be wrong because there's no deposit date yet. While the IRS issues most refunds in less than 21 days, it's possible a refund may take longer for multiple reasons, including when a return is incomplete or needs further review. Delays can be caused by simple math errors like an incomplete return, transposed numbers or when a tax return is affected by identity theft or fraud.