The best reason to hire a tax expert is because the regulations are constantly changing and you can’t be expected to know and remember all of them. The U.S. Treasury Department is currently working on their plan to pull “burdensome tax rules” in hopes of simplifying the tax filing process. At IRS Audit Group, we make sure to follow along with the latest edits to any and all of the requirements so we can best serve you during tax season.

 

One thing to remember is that the official filing deadline is April 17, 2018 (as the 15th is a Sunday and the 16th is Emancipation Day in Washington, D.C.) While many people don’t look forward to the process, countless others – who earn wages and get taxed on them – are excited for a generous tax return.

 

The IRS starts processing tax returns for income earned in 2017 on January 22, 2018. Returns with refunds are typically processed and payments issued within 21 days. For paper filers, this can take much longer.

 

Taxpayers can use “Where’s My Refund?”  to check the status of their return within 24 hours after IRS has received an e-filed return or four weeks after receipt of a mailed paper return. “Where’s My Refund?” has a tracker that displays progress through three stages.

  1. Return Received
  2. Refund Approved
  3. Refund Sent

 

How quickly a taxpayer receives a refund also depends on when they file and whether they have requested a direct deposit of their refund, or a paper check. The sooner you file, the sooner you’ll get your return. The week before the deadline is usually the busiest so it’s good to plan ahead. Contact us today to begin planning!