Can I still get my 2012 tax refund?
Claim Refund Instructions:You can no longer claim a 2012 tax refund. Prepare, file your 2012 tax return on paper. Taxes Owed Instructions:File your tax return as soon as possible to reduce late filing fees and penalties.
Why are tax refunds taking so long?
What’s Taking So Long? If you don’t receive your refund in 21 days, your tax return might need further review. This may happen if your return was incomplete or incorrect. You may also experience delays if you claimed the Earned Income Tax Credit or the Additional Child Tax Credit.
Why is the IRS delaying refunds?
The delays in issuing refunds this year are “unavoidable” given the complexity of the tax changes authorized by several stimulus packages over the course of last year and this year, which included three rounds of stimulus checks and new tax credits, Collins said.
Is there a delay on tax refunds this year?
It’s a common issue for estates, said Mary Kay Foss, certified public accountant and CPA faculty at CalCPA Education Foundation in Walnut Creek, California. If the estate earns above a certain threshold, the family may need to file another tax return, said Foss.
Why is IRS holding my refund for 60 days?
What does this mean? The review means that your return is pending because IRS is verifying information on your tax return (e.g., income items calculations, etc.). They may just have randomly chosen your return to review; no need to worry. They may contact you before processing your return.
Why did the IRS delay issuing tax refunds?
The delays in issuing refunds this year are “unavoidable” given the complexity of the tax changes authorized by several stimulus packages over the course of last year and this year, which included three rounds of stimulus checks and new tax credits, Collins said.
How long does it take to get tax refund from IRS?
Typically, the IRS sends most refunds within three weeks of taxpayers filing their return. But this year is complicated by several issues, including a backlog of 2019 paper tax returns that the IRS was unable to process after shuttering its offices during the coronavirus pandemic.
Is the IRS holding 29 million tax returns?
May 6, 2021 / 6:49 AM / MoneyWatch The IRS is holding 29 million tax returns for manual processing, delaying tax refunds for many Americans, according to the National Taxpayer Advocate, an independent arm of the tax agency that looks out for consumers’ interest.
Why is there a backlog of tax returns?
But this year is complicated by several issues, including a backlog of 2019 paper tax returns that the IRS was unable to process after shuttering its offices during the coronavirus pandemic . A recent notice from the IRS said that some people may experience a longer than average wait for their payments.