How long can the IRS hold my refund?

Asked by: Miss Wanda Rogahn  |  Last update: March 25, 2024
Score: 4.4/5 (32 votes)

If you provide the information the IRS requested, the IRS should correct your account and resolve the refund issue (generally within 60 days). If you file a missing or late return, the IRS will process your returns and issue your refunds (generally within 90 days).

Why is the IRS holding my refund so long?

Some tax returns take longer to process than others for many reasons, including when a return: Is sent by mail. Contains errors or is incomplete. Needs further review in general.

What can I do if the IRS is holding my refund?

What should I do? Request an expedited refund by calling the IRS at 800-829-1040 (TTY/TDD 800-829-4059). Request a manual refund expedited to you.

How long will the IRS hold my refund for review?

Delays can be due to issues like return errors, unpaid taxes, or old debts. Typically, simple returns take under 3 weeks, while complex ones might take 60-90 days. To make the process smoother, ensure accurate filing, settle any debts, and use IRS tools. If things get tricky, consider professional advice.

What's the longest your tax refund can be delayed?

How long can a tax refund be delayed? Since there are several reasons your tax refund could be delayed, there's no standard timeline for when you can expect the issue to be resolved. A tax refund could be delayed weeks or even months in some cases.

What if my IRS refund is taking longer than 21 days? - TurboTax Support Video

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Should I be worried if my tax return is delayed?

If the IRS is delaying your refund, you'll need to understand why, and navigate the IRS to issue your refund as quickly as possible. This can be a daunting task because refund holds can feel like audits. But, be patient, and don't worry.

How do I contact the IRS about a delayed refund?

Use Where's My Refund, call us at 800-829-1954 (toll-free) and use the automated system, or speak with a representative by calling 800-829-1040 (see telephone assistance for hours of operation).

Why is IRS holding my refund 2023?

If you are still waiting for your tax refund and think your tax return may be one of the 2.5 million that remain suspended from filing season 2022 because the IRS suspects possible IDT, or you still have not received your refund from the tax return you filed in 2023, you might need to verify your identity before your ...

Why is the IRS delaying refunds 2023?

One of the main reasons why the IRS warns of delay in 2023 is because of ongoing changes to tax laws. The COVID-19 pandemic has led to several changes to the tax code, including new deductions, credits, and other provisions. These changes have led to confusion and delays in processing tax returns.

How do I know if my tax return has been flagged?

If the IRS decides that your return merits a second glance, you'll be issued a CP05 Notice. This notice lets you know that your return is being reviewed to verify any or all of the following: Your income. Your tax withholding.

Can I sue the IRS for delaying my refund?

Generally, if you fully paid the tax and the IRS denies your tax refund claim, or if the IRS takes no action on the claim within six months, then you may file a refund suit. You can file a suit in a United States District Court or the United States Court of Federal Claims.

Can I sue the IRS for holding my taxes?

To bring a lawsuit to district/federal court, you must pay the tax first and then, request a refund. If the IRS denies your refund, you can go to court. The deadline to file a suit is the later of three years after the return was due or two years after the tax was paid.

Why have I still not gotten my tax refund?

An incomplete return, an inaccurate return, an amended return, tax fraud, claiming tax credits, owing certain debts for which the government can take part or all of your refund, and sending your refund to the wrong bank due to an incorrect routing number are all reasons that a tax refund can be delayed.

Why has my refund been accepted but not approved?

"IRS Accepted Return But Not Approved" Meaning

If a taxpayer receives the status update that their tax return was accepted but not approved, this means that the IRS has received their tax return, but they have not yet evaluated the information. Therefore, the taxpayer must wait to see if more action is required.

How do I speak to a live person at the IRS?

Contact an IRS customer service representative to correct any agency errors by calling 800-829-1040 (see telephone assistance for hours of operation).

What is the new $600 IRS law?

The ARP required third party settlement organizations (TPSOs), which include popular payment apps and online marketplaces, to report payments of more than $600 for the sale of goods and services on a Form 1099-K starting in 2022.

What does frozen refund mean?

Unfortunately TC 810 means the IRS has found an issue with the tax filers return and has frozen any additional refund payments. Your IRS account is on hold and any scheduled refund payment will be held up until this is resolved.

Why is my refund still processing after 3 months?

If you're still waiting on your tax refund, it's possible that your tax return is taking longer for the IRS to process because it requires additional review. There are several reasons why your tax return may be delayed: Errors such as an incomplete filing status. Missing information.

What does 810 refund freeze mean?

A Transaction Code (TC) 810 or TC 570 indicates a stopped/frozen refund. TC 810 or TC 570 is used by Exam or Automated Questionable Credit (AQC) if a taxpayer's return is under review or the previous review is not closed.

What does it mean when your refund bars disappear?

This can happen while the return is being processed. It will come back when the processing is complete. You would just want to continue checking the status of your return using the Where's My Refund?

How do I speak to someone at the IRS 2023?

For individual tax returns, call 1-800-829-1040, 7 AM - 7 PM Monday through Friday local time. The wait time to speak with a representative may be long. This option works best for less complex questions. For questions about a business tax return, call 1-800-829-4933, 7 AM - 7 PM Monday through Friday local time.

What is the best time to call the IRS?

Call at the best time.

A good rule of thumb: Call as early in the morning as possible. Phones are open from 7 a.m. to 7 p.m. (your local time) Monday to Friday, except: Residents of Hawaii and Alaska should follow Pacific time. Puerto Rico hours are 8 a.m. to 8 p.m. local time.

What happens if refund is delayed?

The first issue might be that your ITR has not been verified yet. Ensure you sent the ITR-V within 120 days of completing the e-filing process. If your ITR is verified, you can follow up with the CPC by calling their helpline number 1800 103 4455.

Does it really take 60 days for IRS review?

The first thing to note is it will typically take the IRS up to 60 days to complete their review of your tax return. The IRS will also hold any refund for which you may have filed.