Wednesday, March 2, 2011

Where is my refund???

How many times I get this question is unknown but let's just say it is a bunch. Taxpayers who have filed a federal tax return and are entitled to a refund have several options to check on the status of their refund. I am not one of them. The IRS says the fastest and easiest way to check on the status of a refund is to access “Where's My Refund?” on the agency website. If a taxpayer e-files, refund information becomes available 72 hours after IRS acknowledges receipt of the return. If a paper return is filed, refund information will generally be available three to four weeks after mailing the return. When checking on the status of a refund, you must enter either a Social Security number or an Individual Taxpayer Identification Number, filing status, and the exact whole dollar refund amount shown of the tax return. As described by IRS, once the personal information is entered, several responses are possible, including: acknowledgment that the return was received and is in processing; the mailing date or direct deposit date of the refund; or notice that IRS could not deliver the refund due to an incorrect address or incorrect direct deposit information. If you file a joint return with your spouse you must use a joint bank account for direct deposit.
Also, don't be surprised if you don't find anything referencing your return within the time frame mentioned this year. The IRS is runnung behind on everything this year purportedly due to the late tax changes inacted by Congress in December of last year.

1 comment:

  1. Great information Mike. Thanks for sharing it. I will tweet this blog post tomorrow. All the best!

    ReplyDelete