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Wondering where’s your refund? Don’t worry! Click here.

Most of us don’t look forward to filing our taxes, but we can always take a bit of comfort in that silver lining: the tax refund.

However, some are finding themselves having to wait longer than expected for their refunds. The IRS warned of one-week delays at the opening of tax season due in part to more stringent identity theft protection measures, according to Accounting Today, but filers are continuing to have issues receiving their refunds within the standard 10 to 21 days.

Even though the IRS has set up the “Where’s My Refund” tool via the official government website, taxpayers have continued to be confused by inaccurate or delayed projections as to when they can expect their refund.

The IRS reminds taxpayers in their FAQs that “the date ‘Where’s My Refund’ provides is the estimated date the IRS will issue the refund, not the date the taxpayer will get the refund.” It can take an additional five days for the refund to be posted.

The IRS also asks that taxpayers avoid calling the IRS directly, unless they are prompted to do so on the website. Changing refund dates do not indicate a problem with the filing or that additional action is needed.

Taxpayers can check the status of their filing 72 hours after they e-file or 4 weeks after mailing their paper returns. To access your refund status, you will need your social security number, filing status and exact refund amount.  Also, keep in mind these tips on how to protect yourself from identity theft.

More answers to frequently asked questions can be found on the IRS website.

If you’d like to speak with a Beaton Accounting tax representative for professional advice on your taxes, call us today for a FREE consultation: 631-921-6894.

Have a question or certain topic you’d like to see addressed in our next blog post? Just leave a comment, or email us at [email protected]

 

Categories Tax Preparation Author

Can’t find time to file your corporate tax return? Start now!

Corporation and Corporation S tax returns are comprehensive, lengthy and potentially costly to your pocket book — if you aren’t a tax expert.

If you don’t claim all of your deductions and credits, you could be leaving a big chunk of change on the table. And in contrast, if you aren’t well versed in business tax returns and know how to legally minimize your taxes, you could leave yourself overexposed to taxation.

If you’re committed to going it alone and filing for yourself this year, here is the best advice you can give you when it comes to your corporate tax return:

Start now. March 15th will be here before you know it!

To be honest, you have a lot of research, organizing and accounting to do. The sooner you get started, the less likely you are to be rushed and miss something when deadline is looming. Even if it’s just sorting receipts or printing your 1120 or 1120S forms, the sooner you tackle the beast the better it will be for your business.

If you plan to hire a professional to file your business tax return for you, our advice is still the same: start now!

The earlier you sign up for your professional corporate tax filing service, the better your price will be.

As a Long Island accounting firm that has been professionally preparing taxes for over 20 years, we know the ropes when March 15th comes around — and we can be right there for your business with guaranteed compliance and an auditing protection guarantee.

Plus, our corporate tax filing rates are some of the most competitive in all of Long Island, NY. But you don’t have to take our word for it.

If you’d like to speak with a Beaton Accounting tax professional, call us today for a FREE consultation on your business tax return:

631-921-6894

Have a question or certain topic you’d like to see addressed in our next blog post? Just leave a comment, or email us at [email protected]

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