Should You Be Worried If Your Tax Refund Is Delayed?

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Should You Be Worried If Your Tax Refund Is
Delayed?
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• Some of you may already have received your tax
  refund, but for those who are still waiting for a
  check or a deposit into their bank account, you
  might be feeling understandably anxious. Could
  delays signify a problem with your return, or has
  the system simply been overwhelmed?
• So, when should you be worried, and do you need
  to take any action?
• Use the Wheres My Refund? Tool
• Information about your refund is available online
  24 hours after youve filed an e-return, with a
  mailed return taking much longer, sometimes more
  than a month.

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• A popular tool, many are tempted to check it
  repeatedly throughout the course of the day, but
  this isnt necessary as the system gets updated
  once every 24 hours, and usually during the
  night.
• What timeframe are refunds generally issued
  within?
• The IRS state that most straightforward refunds
  are issued in under 21 days, but if a return is
  incomplete or contains obvious errors, then it
  might be delayed while these issues are
  investigated, or it may be subject to an
  additional IRS review. Identity theft and fraud
  are two other legitimate causes for a delay in
  the processing of a refund.

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• However, experts say that a taxpayer will know
  that there is an issue with their return before
  they check its status online, as at the point of
  filing, the IRS wont permit you to continue if
  another return has already been filed under your
  Social Security Number.
• If you make use of the Wheres My Refund? Tool,
  you might also see an error code that could help
  you determine the cause behind a delayed refund.
• If youre claiming the earned income tax credit
  or additional child tax credit, then this may
  also have an impact upon when you receive your
  refund, as the IRS must wait until a certain date
  to process the return and issue a refund.

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• Any outstanding student loans, unpaid child
  support or federal agency debt could also see
  your refund delayed, but you should receive
  timely notification if this is the case.
• When should you worry that you havent received
  your refund?
• If you filed you return more than 3 weeks ago,
  then it might be time to contact an IRS
  representative or talk to a tax professional who
  might be able to advise you of what action to
  take.
• During the pandemic, taxpayers may experience
  issues with refunds that they wouldnt normally
  have, and while most tax professionals have been
  forced to work from home,

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• they are available to assist you over the
  telephone or online, so if youre worried about
  your taxes, reach out to your trusted tax
  advisor.
• At Heyer Associates, we proactively assist our
  individual and small business clients in meeting
  their goals. Our key area of focus is ensuring
  that our clients remain compliant with federal
  and state tax laws by providing them with high
  quality accounting and tax service Coral Gables.
  If you are looking for individual tax preparation
  in Miami, Heyer Associates would be a right
  option.