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Showing content with the highest reputation on 06/08/2021 in Posts

  1. Not yet - wanted to alert people right away. Going to open a trouble ticket when the work day is done.
    3 points
  2. "It’s been a busy year for the Internal Revenue Service. More than 136 million federal tax returns have been filed so far in 2021, with over $254 billion in refunds processed, despite the problems caused by the shutdowns and additional legislation generated by the pandemic. The service shared a number of additional stats at a recent update meeting with stakeholders, according to Stephen Mankowski, the tax chair at the National Conference of CPA Practitioners, including: 94% of refund returns were filed electronically, with 92% direct deposit. The IRS answered 9.9 million calls, with the month of March at times experiencing 1,500 calls per second. A thousand IRS employees will be added by summer. Advance child tax credits will begin to be sent out by July 15, 2021. Nationwide Tax Forums will begin — virtually — on July 20, 2021. New applications for FIRE (Filing Information Returns Electronically) will be available in September." . . . . . . . . . "Darren Guillot and De Lon Harris have been designated as co-commissioners of the Small Business/Self Employed Division since Eric Hylton’s retirement at the end of March. Much thought was put into the configuration of the department, including compliance with various offices, such as Examinations and Enforcement, and incorporating many aspects under the Collection Division. Regarding COVID, things are changing rapidly, with the safety of taxpayers and employees remaining paramount. Only a few in-person interactions are occurring with the consent of the taxpayer and representatives in accordance with CDC guidelines. More than 90% of SB/SE Exam employees are still teleworking. Currently, the SB/SE is looking to hire 3,100 new employees, including 1,300 revenue agents and 400 in campus for correspondence exams, according to Mankowski. “There will be more hires in 2022,” he said. “Some of the staff will be specifically assigned to work against abusive promoters, tax scams, and abusive tax shelters.” Collection will continue to be a stand-alone division. Automated levies have been halted since April 2020 due to COVID. Installment agreements have been modified to include new tax debt. The automated levy program will be returning soon, but the IRS wants to ensure that no additional stimulus payments could be affected by this program. Collection is hiring 518 specialists, including bilingual employees. They are also working on “voice-bots” to help implement online payment agreements and set up installment agreements or transcripts. The program was created in December 2020 and turned over to IT in March 2021. Next year, it is expected that these bots will be able to address many of these calls and help increase the level of service to over 50%. In addition, the Automated Collection System will be increased with new staff hiring. The IRS currently has 1,921 revenue officers in the field, with over 650 more officers to be hired this year. This allows growth as the current staff needs to be trained. Due to low staff, they are looking to bring on new employees to focus on high-income deficiencies and delinquent filers. Meanwhile, delays on processing refunds continue, according to Mankowski. “Congress kept tweaking some of the qualifications for the stimulus payments recovery rebate credit based on different years’ returns,” he said. “One agent told me that from the start of filing season he had more than 800 calls with an Error Code 900 issue. When a taxpayer files a return and qualifies for additional stimulus money based on a prior year’s return, it gets moved into that category. When you call, you’re told the return will need additional processing to recalculate the recovery rebate credit. They estimate it will take 10 weeks from the date of filing.” Roger Russell Senior Editor, Accounting Today
    2 points
  3. The IRS is not accepting e-filed extensions after 17 May, but you can paper file extensions for TX and the other states with later extension dates. (Check with your software for the latest information.) https://www.irs.gov/forms-pubs/extension-of-time-to-file-your-tax-return "Victims in FEMA Disaster Areas: Mail Your Request for an Extension of Time to File To request an extension to file your federal taxes after May 17, 2021, print and mail Form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return. We can’t process extension requests filed electronically after May 17, 2021. Find out where to mail your form."
    2 points
  4. A client who filed in October last year called last week to advise he got his refund at last plus $275.00 in interest. The interest sorta soothed his pain.
    1 point
  5. There's little sense in calling the IRS for late refunds, as long as the 'where's my refund' page says processing. MD has not processed my refund yet. It usually takes days but my return included the new 502LU form introduced mid-tax season, so I suspect they're giving extra scrutiny to any returns with the LU. Either that or they're programming for accepting LU forms was flawed.
    1 point
  6. me, too. only being processed. Most of my hold-ups were efiled first of March. Tried the pract line and said they were too busy, call back tomorrow. What a pain!!! Going past the 12 weeks
    1 point
  7. I have had several that have not received their refunds after 6 - 8 weeks. I wish IRS would do something to update their website information and actually provide some real information that would be helpful to the taxpayer who has been patiently waiting.
    1 point
  8. I have two who called me last week that they finally received their refunds. Filed about 20 February. Single, retired, over 65, SS, small pension w/withholding, standard deduction, received EIP1 & 2 so nothing on line 30 (IIRC), no unemployment. States sent refunds immediately. Luckily they were both pretty patient. One contacted me once and then waited. The other contacted me via email multiple times, but understood that I couldn't do anything; he just wanted reassurance.
    1 point
  9. There is an option to view Venmo Statements which contains all of your payment history, both payments made and payments received. It includes the, date, name of the individual making the payment along with whatever reason entered for the payment ie, "2020 Tax Return Payment". The statement option offers you the ability to download to a .csv file and contains years worth of information.
    1 point
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