IR-2023-79, April 12, 2023 The IRS announced today that nearly 1.5 million people across the nation have unclaimed refunds for tax year 2019 but face a July 17 deadline to submit their tax return. At the start of this tax season, which began Jan.. What you should do: Please consider the significant additional approval time and plan for it. The base return will be kept as part of the Form 8802 application and will not be forwarded for processing. If you claim the EITC or ACTC, we may need more information from you about your return. Taxpayers in these states who had already filed returns and who report the rebates as taxable may need to file amended returns to exclude the money if the IRS decides they aren't taxable, according to the National Taxpayer Advocate, the watchdog arm of the IRS. : The best tax software. By Friday, the tax agency expects it will not have any . Customer service (Pre-filing assistance, Notice of tax return change, Income tax due) Closed 8 AM - 6 PM Personal collections (Levy, Withholding order, Wage garnishment, Payment plan) Closed 8 AM - 5 PM IR-2023-68, April 3, 2023 Arkansas storm victims now have until July 31, 2023, to file various federal individual and business tax returns and make tax payments, the IRS announced today. You canfollow her on Twitter @BuchElisabeth and sign up for ourDaily Money newsletterhere. To start, the agency still had 6 million unprocessed . Interested in purchasing an electric car? For instance, this is the case if the rebate is a refund of state taxes paid and the taxpayer claimed the standard deduction or itemized deductions but did not receive a tax benefit, the IRS said. Submissions through mail, fax, or online submission platform are processed in the order in which they are received. Here are the other quarterly payment duedates for 2023: If you request anextension, you'll have until October 16 to file your return. However, many taxpayers. Already millions of taxpayers have been waiting four or five months for their federal income tax refunds after completing 1040 paper returns and putting those returns in the mail in late. The 2023 tax season begins on January 23, and the deadline for filing tax refunds is April 18 instead of April 15 this year. You will be contacted when your case is resolved. He is a crossword junkie and is interested in the intersection of tech and marginalized communities. Instead, a multitude of different scenarios can affect how long it takes for you to get your refund back from Uncle Sam. It's possible, Holtzblatt said, that more early filers faced delays in getting their refunds last year. If you live or have a business in parts of New York that were impacted by the severe winter storm late last year, you'll have until May 15 to file yourfederal individual and business taxes. On the one hand, consumers face high prices for food, fuel and other expenses. Some 59.3million refunds were sent to taxpayers across the country through March 24. Go to theGet Refund Statuspage on the IRS website and enter your personal data, then pressSubmit. There's no singular reason for a tax refund delay through the IRS. If you're looking for a simple answer to explain the spike, good luck because I sure haven't found one. for the most up to date processing status available. The IRS went into the 2022 filing season with roughly 8 million unprocessed returns received in 2021, according to a Treasury Department official. CheckWheres My Refund? Filed a Form 1139 Corporation Application for Tentative Refund, or Form 1045, Application for Tentative Refund (updated September 16, 2022) Filed a Form 8802, Application for United States Residency Certification (updated February 21, 2023) Sent a Third-Party Authorization or Power of Attorney Form (updated February 21, 2023) Yet at the same time, many tax preparers "have concluded that some state payments are not taxable and have programmed their software so that these payments are not reported," Collins added. Do not submit duplicate authorizations. You can call 800-829-1040 or 800-829-8374 during regular business hours. IR-2023-78, April 12, 2023 The Internal Revenue Service today reminded people that Tax Day, April 18, is also the deadline for first quarter estimated tax payments for tax year 2023. Here's why, Here's how much you can make from investing your tax return every year. By June 10, the IRS said it had processed more than 4.5 million of 4.7 million paper individual returns. Eligible taxpayers who call the Automated Collection System (ACS) and Accounts Management toll-free lines and want to discuss payment plan options can authenticate or verify their identities through a personal identification number (PIN) creation process. Both new rules mean that, for the first time, the IRS will have the information and the . 2023 CBS Interactive Inc. All Rights Reserved. Personal Finance: Social Security and taxes, Personal Finance, Government and Policy, Consumer Affairs, 18 years of editorial experience with a current focus on personal finance and moving, change the address on file if you've moved, track it from the IRS office to your mailbox, Stay updated with smart tax tips to help you file your return, track your refund and get the most money back. That could include updated security measures or process tweaks due to changes in the tax code. Once necessary steps are completed and approved, the authorization is automatically loaded to the CAF Database. As of now, tax returns are still due on May 1, 2023, even if the CRA is on strike. Previously, Where's My Refund? The IRS issued $172 billion in tax refunds through March 24, down 8.7% for the measure of total dollars issued from a year ago. Keep in mind: If you're receiving a refund check in the mail, here's how totrack it from the IRS office to your mailbox. What you need to know about the student loan interest statement. In 2022,only about 13% of taxpayers reached a human being, according to Erin M. Collins, the national taxpayer advocate.Congress has increased the agency's funding, and the IRS said it has hired more than 5,000 new telephone representatives. If you're still waiting for a tax refund, you may receive 5% interest starting July 1, 2022, according to the IRS. The agency started accepting returns for this year's tax season on Jan. 23. Whether you'refiling your income taxeson your own usingtax softwareor going through a tax pro, you could receive some money back through a tax refund. The IRS is asking millions of taxpayers more than 20 states including California, Colorado and Florida who received tax rebates last year to hold off on filing their taxes. Airport slowdowns and a tax refund 'shutdown': 6 things to know about a possible government strike Your questions answered about the looming threat of a strike by thousands of federal . Paper returns for businesses that were filed last year should be wrapped up soon too, the IRS said. If you prefer for the certificate(s) to be mailed by a Private Delivery Service (PDS), provide a prepaid label and envelope/box and refer to Private Delivery Services for a list of available PDS locations. We answer your last-minute questions. :What you need to know about filing your tax return after a layoff. At the start of this tax season, which began Jan.. The update provides, in part: The IRS is opening mail within normal timeframes and all paper and . Otherwise, the IRS is directing taxpayers to theLet Us Help You page on its website and to in-person help at Taxpayer Assistance Centers around the country. Where's My Refund should show an updated status by February 18 for most early EITC/ACTC filers. The IRS extended the date taxes are due for people who live in certain parts of Mississippi affected by recent storms to July 31. And . This includes your entire refund, not just the part thats related to the credit you claimed on your tax return. If you filed a paper return, please allow 4 weeks before checking your status. Many taxpayers prefer the convenience of a telephone or video conference. IR-2023-77, April 11, 2023 The Internal Revenue Service said today that taxpayers who filed their federal income taxes early in this years filing season and reported certain state 2022 tax refunds as taxable income should consider filing an amended return. You will be notified once your ITIN is assigned or if we need additional information. There are a few reasons why your refund may be mailed rather than deposited electronically into your account. Tax Topic 151means your tax return is now under review by the IRS. The Internal Revenue Service says it is days away from a "major milestone" in its marathon slog through a backlog of pending tax returns. How long you may have to wait:The processing timeframe is currently 12 weeks. On August 29, 2022, the IRS provided an update on the status of its return processing efforts. Please do not submit duplicate Forms 14039 or 14039-B nor contact the IRS about the status of your identity theft claim. See Individual Taxpayer Identification Numberfor more information including who is eligible and how to get or renew an ITIN. Write COPY do not process on the tax return. "We encourage those who expect a refund, but requested an extension, to file as soon as they're ready. Early filers tend to expect a refund; late filers tend to owe money. By Aaron D'Andrea & Saba Aziz Global News Posted April 13, 2023 12:27 pm . There's no need to call the IRS to check on refund status unless it has been more than 21 days since the return was filed or the tool says the IRS can provide more information. How long you may have to wait:For returns received in the current year, we process individual tax returns for which refunds are due first. Why you received this: When you reported the schedule of liabilities on Form 941, Employers Quarterly Federal Tax Return, the liabilities didnt match the reduction in deposits for every pay date. It can take up to 21 days to receive a federal income tax refund via direct deposit. tool was developed in 2002 and was used by taxpayers more than 776 million times in 2021. As the price on pollution rises, the Government of Canada is returning more money to families, every three months. People calling for more IRS funding said the predicament highlights the resource-strapped agencys need for more staff and more money. But not on weekends or holidays. IRS Tax refund 2023 latest update on 2022 tax returns still waiting to be processed. The IRS continues to direct Form 1040 filers who are awaiting delayed tax refunds to the Where's My Refund tool for status updates. When this happened, you received a Failure to Deposit Penalty on the difference. does not indicate we received your return, you should resubmit your tax return, electronically if possible. By June 10, there were 360,000 tax returns in need of correction, according to the IRS. 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