Yo what's going on guys? I'm here today to talk about your IRS refund status.
And you might be checking this video because your refund,
you know, you were probably expecting it weeks or maybe months ago
but it still says on the IRS website that it's still
processing, okay. Now if you don't know what I'm talking about,
there is a tool that you can use to find out where your refund is.
You're going to google "IRS where's my refund?".
It's going to take you to an IRS website where you can enter your social security
number, your filing status, and your expected refund amount.
and you can see where it is okay. So there's a couple things here. If it
says that you, that they received your tax return and
they are still reviewing it, then that means at least they received
your return. If it's been less than like three weeks since you
filed your taxes, then this is normal. This is a normal status to be in
okay. However, if it's been a month or more
and it still says that your tax refund has been received
but is still processing, or has not been processed yet, or your refund hasn't been
processed yet, then that's a little concerning okay.
That means there might be something going on,
something else going on there. So the best thing to do here is to call the IRS,
or to hire somebody to call the IRS for you.
And I say that because when you call the IRS
as a taxpayer, it could take you anywhere between one
to four hours of being on hold before you talk to somebody.
Now that's, you know, that's a long time. If you hire someone to do it, like a CPA,
an attorney, like a tax attorney, or an enrolled agent,
you're essentially going to give them power of attorney over your tax
account so they can call and talk to the IRS on your behalf.
Us professionals we get to call a special hotline
through the IRS and the most, the longest I've ever waited was an hour
okay. Most of the time it takes me 15 maybe 30 minutes to get through to the
IRS. So if I have a power of attorney for my
clients, I can call the IRS, I can talk to the IRS
for my clients, and get information for them. And I wait for a significantly less
amount of time. So it might be worth calling a
professional or somebody to help you with that process. There's no other good
channels to do this, you know, the tool that they give you,
the "where's my refund tool" is one of the best things that they've
got, unless there's more complications. So if there's more
complications the IRS will either send you a letter,
or if you don't want to wait, you've got to call them and see what's going on
alright. So if you need help, if you've been expecting your refund for a while,
one of the most common things I've been seeing is that refunds have been
withheld because maybe you owe taxes on a previous year. You know like you
still owe taxes and you were due a refund, the IRS is going to take your refund and
apply it to that previous year. And so that's one of the most common
things I've been seeing with people not getting their refunds.
If you use the "where's my refund tool" and you've been seeing that
your refund is still being processed and it's been a
long ass time, that is the time to call the IRS to see what's going on. If you
have not received any letter, or any notices, or anything I would
definitely call them to see what's going on
okay. And especially if, you know, you don't owe
any taxes from prior years. With the pandemic going on
I know that the IRS has been slacking. And not it's not really their fault you
know, they had to shut down for six, at least six weeks. They had no
notices or mail going out for at least six weeks. So all
their stuff is way behind. Regardless, I know plenty of my clients
who received their refunds timely. So if your refund has not been
processed, or if you have not received it yet, then there might be something else
going on and it's worth calling them to find out.
And if you've tried calling them and you've waited on hold for so long
it might be time to hire somebody to get through
for you. To do it quicker. And it might be worth the money, you know, depending on
how much of a refund you're expecting alright.
So that's all I've got for now. Leave me a comment down below to let me
know if you have any questions about any of this.
Also if you haven't done so already, please subscribe to my channel I'd
really appreciate it. If you're new here you know, I update you on all things tax
related, pandemic related, all that stuff. So subscribe to my
channel, I'd greatly appreciate it. If you are already a subscriber,
I appreciate you returning and watching this video
alright. So again, leave me a comment below,
smash the like button, subscribe, let me know if there are any other
videos on taxes or business that you'd like to see,
leave me those below too. And I'll be sure to you know.
I'll consider doing a video on that alright. So take care.
I'll see you next time.