NOL CarryBack

[Duane Anderson]

Prepared IRS form 1139 to carryback a 2018 loss back to 2013 to obtain refund under current tax law for a C Corp. As instructed, completed forms were faxed to 844-249-6236 for expedited service according to the IRS. Any experience on how fast the IRS is processing these and paying the refund due via direct deposit? It has been 10 days since I faxed the forms to the IRS and taxpayer is getting very anxious and needs the money of course...Thanks, Duane Anderson

[Scarecrow]

IRS generally has up to 90 days to process a Form 1139 carryback.

[Burke]

Faxing forms to IRS means you have to deal with a human being. They just opened some offices last week with limited staff. I wouldn't expect anything soon......