The IRS has a big problem this year. The IRS is overwhelmed with work: too many tax returns, old computers, too few people on the job because of Covid, too many phone calls seeking help, and even 2020 tax returns haven’t been processed yet.
This will surprise you but there are still taxpayers waiting for their 2020 refunds!
About three-quarters of taxpayers get a refund from the IRS. And if that’s you, you don’t want to wait months or even a year to get it.
You should be able to get it in about three weeks if you follow the correct steps outlined by the IRS.
Here they are.
First, do not file your return until you have and include all year-end statements including all W-2s and 1099s, and the two statements issued by the IRS — Letter 6419 showing the total advance Child Tax Credit payments, and Letter 6475, showing the total EIP3 payments. The EIP is the Economic Impact Payments many people received during the pandemic.
Second, don’t make mistakes. Any mistake including a math mistake or omitting a W2G or a 1099 will trigger a delay and a letter.
Third, file electronically. If you file by snail mail it could be months before your envelope is opened.
For most Americans, the tax filing deadline is April 18, 2022. For residents of Maine and Massachusetts, the deadline is April 19, 2022. For Americans who live and work abroad, it’s June 15, 2022. Anyone who needs more time to file can get an automatic extension until Oct. 17, 2022.
Remember if you have tax problems and issues the tax attorney at Legal Tax Defense will give you a free consultation. Call now for your free consultation.
Disclaimer: Alan Mendelson is a well-known TV consumer news reporter who reports on tax issues. You should seek professional advice if you have tax questions or issues.
