Refunds delayed

[Possi]

Noooo

Large tips to YOU ?!

Mine are average.....

[NYAccountant]

i have a client that didn't get his refund. the IRS said they have a technical problem that delays reunds.

[Lion]

Large tips are sliding right through.............

Large tips to YOU ?!

[Possi]

LARGE enough...

...to cause a sizeable delay!

[Jesse]

Ha ha

What size were those tips?

[Possi]

Delays

Energy credits, ALL have been delayed...

Large refunds with refundable credits have been delayed as well.

Large tips are sliding right through.............

[ChEAr$]

Here's perhaps part of the answer to delayed refunds. Remember above when I was posting
snippets of returns filed to date thru March12th?

Well, total receipts (returns received) by IRS is down 2.9% compared to last year, but
returns processed is down 4.9% from last year. This indicates that they're not processing
them as fast as last year.

Last year the lag was 3.2 million returns, and this year's lag is 4.6 million returns.

[Jesse]

Form 5695?

Just received another inquiry and refund delay from 3/19 to 4/06. Every single delay I've checked has the form 5695.

[Brian EA]

Did they say anymore? What they might be looking for? Is it a certain credit that triggers or just random pick?

EIC of course
brian

[tpnl]

Delay also

My parents refund was delayed a week. They don't have any credits. Just retirment and SSA benefits.

I also tell my clients the date the IRS releases money and that there is no guarantee on the actual date they will receive the money. But of course they never hear all of that.

[Jesse]

In a way form 9325 is worthless and maybe we have to start to caution our clients with something like: If everything is going well you can rely on the date shown on form 9325.

I tell every person the same thing, "This is not a guaranteed date, so don't spend it before you get it and if it's not in your account on that exact date don't panic"!

[Gretel]

I believe this is not the only year that refunds are delayed. The acceptance of a return by the IRS is an automatic process, so is the refund date. However, only later they decide which returns they want to take a closer look at, hence the delay.

What is different this year is that they want to look at more returns for various reasons.

In a way form 9325 is worthless and maybe we have to start to caution our clients with something like: If everything is going well you can rely on the date shown on form 9325.

[spencer]

Any of these

clients receive unemployment? I had one, seems the irs thingie entered total unemployment received rather than taxable amount, then refund was delayed while a correction was worked out.

[Jesse]

My return in question had an energy credit and American Opportunity education credit.

[Ross]

My own return has been delayed!

I was supposed to get my refund last Friday. Then it said it would be deposited on 3/16. Now it says it is processing. My return did contain a $252 energy credit. I'm from Michigan.