How to Cope When There’s a Delay in Tax Refunds
The most obvious piece of advice we can give you is just to stay calm. Contrary to popular belief, complaining and worrying will not expedite the refund process, especially if it’s already in transit within the United States Postal Service (USPS). The second piece of advice is to simply be patient.
Two Ways to Receive Your Refund
There is one of two ways you can expect to receive your federal tax refund: by mail or through direct deposit. If you’ve chosen to get a direct deposit, the turnaround time to receive your refund typically takes approximately two weeks. So if you haven’t received a refund within that time, then it’s time to take action.
What to Do
First, you’ll need to address the company or individual who prepared your taxes. It’s highly likely that they may not have submitted your annual filing, and if they did, there’s a chance that there might be a typo or some sort of discrepancy that delayed the filing and ultimately the refund. That’s why it’s always important to stay in constant communication with your tax filer because there could be an important piece of missing information that only you can provide. The quicker you can supply that information, the faster you’ll be able to receive your refund!
Now, if you’re expecting to receive your tax refund by mail, then don’t hold your breath! Refunds distributed by mail can take months to receive. A lot of this is due to the amount of work that’s placed on the USPS. On top of delivering regular mail, USPS workers have the responsibility of delivering checks to over a million taxpayers. This is what we mean by suggesting that patience is the best way to go about approaching a delayed tax refund.
What to Do If You Filed Your Own Taxes
If you filed your annual taxes and still have not received a refund, then you must take the responsibility of following up on the filing process yourself. The first thing you need to do is call the Internal Revenue Service (IRS) to confirm that they received your filing. Hopefully, this was already confirmed based on the registered mail, FedEx, or UPS tracking service that you mailed your annual filing to the IRS in. Mailing your important tax documents through a proper tracking service will not only give you a piece of mind, but also government documentation that your mail was received by the IRS.
Once delivery has been confirmed, then you can further investigate why there’s a delay in your tax refund. You can do all of this, or just hire a tax relief firm to take care of it all and we’ll help you cope!
Success Tax Relief is comprised of a team of experienced tax lawyers, consultants, CPAs, accountants, and tax preparers. With Success Tax Relief, you can get a free consultation appointment and interview us to determine if we’re the right firm for you. Call us today at 877-825-1179 or contact us online.