Monday, April 26, 2021

2020 Refunds are Taking Longer Than Usual

 

4/26/21

We have never had a year like this as far as the length of time it takes for the IRS to process a Electronically Filed income tax returns and send a refund.

You can check the status of your return using the IRS website "wheres my refund" and this year an unusual number of returns show the status "your return is still being processed" for several days even weeks.

This does not mean that your return is being flagged, this does not mean that your return is being audited.  What is means is that your return is being "processed" - exactly what it says.  

Who is to blame?  The IRS is blaming the complexities of recent tax laws for the delay in "processing" tax returns.

As of 4/23/21 the IRS was holding 29 million tax returns for manual processing.

https://www.accountingtoday.com/news/irs-sees-delays-in-tax-refunds-and-quarterly-payments



Doug Zandstra CPA, CFE, EA

Certified Public Accountant
Certified Fraud Examiner
Enrolled Agent
29 Pearl St NW, Ste 225
Grand Rapids, MI  49503
616 970 3000
dougzandstra.com
email dougzandstra@gmail.com

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