In general, tax experts say, this tax season doesn't look like the all-out disaster that hit last year. The "Where's My Refund?" tool isn't giving him any clues, either, he said. "Tried calling IRS twice this week put me on hold, couldn't get any answers," he wrote. Last year, he said, he waited well over two months for the federal refund. He received his state of Michigan refund in mid-March. The reader, who asked not to be named because he did not want others to know about his finances, is expecting $2,997 for his federal refund. 8 and still had not seen any cash in 11 weeks. The Eastpointe man said he mailed his federal return Feb. One reader emails me regularly about all the delays he's seeing with his refund. The IRS has generally been able to process a refund within two weeks for an electronically filed tax return and up to six weeks for a paper tax return. But again, I'd be willing to bet my tax refund that millions of taxpayers who filed paper returns have no idea that the delay could be six months this year or possibly longer. I first reported on March 25 that Collins was issuing a six-month warning for potential refund delays for taxpayers who filed paper returns. While Collins has warned of this six-month delay in the past, many taxpayers aren't watching congressional hearings to get updates on their tax situation. The massive inventory backlog, Collins said, will mean that it could take six months or more for taxpayers who filed paper returns to receive their refund cash. More: Average tax refunds higher than last year but paper headaches remain Many could wait six months to get some refunds More: IRS backlog and drama won't end at midnight April 18 "The resolution of these issues could take 90 to 120 days depending on how quickly and accurately you respond," the IRS said, "and the ability of IRS staff trained and working under social distancing requirements to complete the processing of your return." The IRS will send a letter if more information is needed or if you need to verify your identity. The IRS now includes a 60-day expiration date on its math error notices to let taxpayers know the deadline for contesting the adjustment. Trouble spots include errors involving the recovery rebate credit and the child tax credit, missing information, and cases where the IRS suspects identity theft or fraud.Īs of April 7, the IRS had issued 9.4 million math error notices - and 8.3 million of these notices were related to the recovery rebate and the child tax credit, according to a blog post by Collins. Refund delays also can be triggered if an e-filed or paper return has a mistake. Another 5 million returns are waiting for taxpayers to resolve specific issues.Īdd to that, she said, another 9 million paper returns that were filed in 2022. The IRS processing system calls for first addressing the backlog for last year's paper returns before processing the paper returns filed in 2022.Ĭollins said the IRS has 3 million tax returns and another 3.6 million amended returns that haven't been processed from last year. Much of the problem involves paper returns, which are facing a huge backlog from last year.
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2/21/2023 01:25:24 am
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