Dude, Where is my refund?! – LNK Tax Group
Great Question! This is one we get on a weekly basis.
There a handful of reason why you have not received your refund. To start, the best and fastest way to get your tax refund is to combine electronic filing with direct deposit. Paper filing your return can take up to 16 weeks to process and even longer if they have to mail you a check. IRS issues more than 9 out of 10 refunds in less than 21 days. You can track your refund using the IRS Where’s My Refund? tool.
“But Anthony, I e-filed my return with direct deposit, Where is my Refund?”
Here is a list of some issues that cause your refund to be held or delayed…,
- Missing or delinquent returns
- Incorrect banking information
- Balance due / outstanding
- Commencing audit
- Third party lien (state, child support, etc)
- Additional information or forms missing from return
“Well, What Now?”
This is where you will need your tax professional to reach out to the IRS (or corresponding agency) on your behalf to help resolve your dilemma.
If you need tax help, make sure to contact LNK Tax Group for a free 20 minute consultation. Don’t attempt to do it yourself.
To ensure compliance with requirements imposed by the IRS, we inform you that any US federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and it cannot be used for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed herein. Always seek advice based on your particular circumstances from an independent advisor.