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| Name | 2024 IRS TAX REFUND UPDATE - NEW Refunds Approved, Delays, Reviews, Tax Topic Code, Transcripts |
| Video Uploader | Video From UI Vlogs 2021 |
| Upload Date | This Video Uploaded At 22-04-2024 16:12:00 |
| Video Discription | On today’s IRS tax refund update as the tax filing period has officially ended tax processing delays continue for many, so we will recap the latest developments including the most recent information just released by the IRS on the ongoing status of tax processing, meanwhile we will check in on those still experiencing tax processing delays while encountering the 570 tax transcript code and one step to take ensure a specific issue is not the cause of your refund delay. Now starting off with the latest as the next round of direct deposit tax refunds are scheduled for released on April 23rd and 24th, now if your part of one of these latest refund batches while most will receive that deposit in their accounts the day of if not before do allow up to five days after the listed date for it to post to your account before initiating a payment trace with the IRS, and as an additional reminder now all refund status results will update so make sure to check your tax transcripts to confirm you are part of this latest refund batch. As a reminder for those seeing tax topic code 152 as seen here when checking their refund status results that this does not indicate an issue with the tax return, and simply means your tax return is currently being processed, however if you encounter tax topic 151 that does indicate a potential issue with your return most likely resulting in a refund adjustment, while tax topic 203 means you will be seeing a refund adjustment which will be applied to one of a variety of outstanding debts such as past due child support, state income tax debt or other federal agency debt, and a letter will be sent out to you with additional information. As we have stated previously the hold could be as a result of anything from a random review of your tax return to the IRS computer system identifying a potential issue or discrepancy, the need for ID verification, or even an audit of the return in question. For those of you who withdrew from your retirement accounts in 2023 we have seen a massive increase in those impacted by tax return reviews, which has caused the IRS computer system to flag the return in question for further review. 0:00 Introduction 0:27 New Tax Refunds 1:55 Tax Topic Codes 3:02 Refund Delays 4:35 Verifying Wage Information 6:03 Closing This video is under Fair Use: Copyright Disclaimer under Section 107 of the Copyright Act in 1976, Allowance is made for "Fair Use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright status that might otherwise be infringing. Disclaimer: This is for informational purposes only and is subject to change. Material provided should not be considered tax, accounting, or legal advice. Please consult a certified tax consultant for tax advice. #TaxRefund #IRS #News #Taxes #TaxReturn #Tax #Refund #TaxSeason #youtube #video #new #newvideo #breaking news |
| Category | News & Politics |
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