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Showing posts with label refund. Show all posts
Showing posts with label refund. Show all posts

Tuesday, April 6, 2021

Why is your refund delayed


 Paper filing: Always try to e-file your returns with eform2290. When you paper file, the IRS will take a longer time to process your return, which means you will have to wait longer for a refund. 




Spelling mistakes: When you file a return that has spelling mistakes, it slows down your refund. If such mistakes are spotted, the IRS will contact you and clarify the errors you made. It is always a good idea to review all the details that you’ve entered before submission. 


Identity theft: If you’ve fallen prey to identity theft, the IRS will increase the processing time of your refund. If a suspicion arises that someone is trying to steal your identity by filing a fake return, the IRS will hold up your return until they investigate the matter and ensure that you are a legitimate filer. 


Non-payment of tax: If you have pending HVUT payment or have not paid interest or penalties, the IRS can freeze any refunds due until you file the old return. If you owe tax on old returns, the IRS will take that amount out of your refund. That is why it is important to pay all your HVUT payments on time and pay any penalties and late payment fees that you accrue. 


Wrong bank account details: If you have made a mistake and specified the wrong bank account number, your refund will be delayed. This applies to routing number and account number as well. You need to ensure that you don’t make mistakes while providing your bank account number as the money could be sent to somebody else's bank account.


Manual filing: always file for refund electronically with a trusted provider like eform2290. The IRS will take between 8 and 12 weeks to process your return If you filed for your refund manually. E-filing allows for faster refunds and helps the filing process much faster and easier.