With the April 18th tax filing deadline fast approaching (yes…it’s the 18th this year) many taxpayers are still scrambling to get their returns completed and filed.
However, many more have already filed their returns and are awaiting refunds. The IRS is reporting that for 2021 returns they are processing and delivering refunds in less than 21 days for 9 out of 10 tax filers.
Nonetheless, many taxpayers look to speed up the process of getting their tax refund and may find themselves doing more harm than good. As with most things today the internet and social media are full of so-called facts and tips on how to get your tax refund faster.
To help taxpayers get accurate information and to dispel these myths the IRS has just issued an announcement addressing the seven most common myths about tax refunds.
The myths the IRS dispels include visiting an IRS office in person, waiting for their 2020 tax returns to be processed, ordering a tax transcript and using a tax professional. The full list can be viewed at https://www.irs.gov/newsroom/irs-dispels-new-and-common-myths-about-tax-refunds-key-information-available-to-help-people
And as always be skeptical of any “service” that offer to speed up the processing of your return in exchange for a fee.
If you have any questions regarding this or any other tax issue with the IRS or New York State please don’t hesitate to contact Beige Law, PLLC. Help is just a phone call away.