Common Issues After Tax Day
The tax filing deadline has passed. However, there are some common issues that come up that have relatively simple solutions. If a taxpayer expects a refund, they are usually processed in 21 days. Keep in mind that the Internal Revenue Service (IRS) will take longer to release a refund if the tax return is claiming a credit, has errors, or is affected by identity theft.
If you are not
receiving a refund and are surprised by that development, then checking your
withholding should be done. This will make sure that the correct amount of tax is
being withheld from your paycheck.
Sometimes after
filing their return, a taxpayer will realize that they made an error or forgot
to attach a form. A common reaction is to amend their return. This should only
be done to fix errors like filing status, income, deductions, and credits. If
there are math mistakes, the IRS will fix them and send a letter to the
taxpayer informing them of the change. They will also send a letter if any
needed forms are missing.
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