Wheres My Refund? tool, https://www.irs.gov/refunds. Gohenry Reviews 2023: Legit or Scam, How it Works, 10 Most Expensive Phones In The World in 2023, How To Survive A Recession In 2023 | 7 Untapped Ways, 10 Most Expensive Wines In The World 2023, Get Paid To Be An Online Virtual Friend In 2023 [Up to $100/hr], Writers Work Reviews 2023: Make Up to $30-$45/hr Writing With No Experience, 15 Apps Like Mistplay That Cash Out Easily | Quick Money. Tax Topic 152: No Bars! It no longer had the bars and only said that my refund has been accepted and a refund date will be available. There are two main reasons why the processing of your tax return takes longer than planned. Social security number or ITIN But what does it mean? If youre filing an injured spouse claim, amending your return, or claiming a refund of tax withheld, your return may be held for more than 21 days. The IRS will send you a letter explaining why your federal refund has been offset and why it differs from what was projected on your filed return. When you visit the WMR website or use the IRS2Go mobile app, you might get a notification telling you to look up IRS Tax Topic 151 or 152 about your return. 152: No need to panic if your tax transcript is annotated with Tax Topic 152. Originally, this benefit was unavailable to companies that received PPP funding; however, this changed in December. Here's Tax Topic 152 from the IRS: The IRS issues more than 9 out of 10 refunds in the normal time frame: less than 21 days. You may have friends who had this status displayed on their page for only a few days and yours has remained much longer. Although Topic 152 doesn't require. And waiting and waiting. So i check it again today February 15 2019 n it still have the same message u have to wait 24 hours after i get my accepted email but I got that on February 4 2019 saying that I were accepted.. No only that it has the tax topic 152, Hello there I was trying to see what does it mean when its still saying your tax return is still being processed an refund date will be available, When will we receive our taxes if u caring Next . Your filing status Explain your hardship situation; and TAX REFUND 2021, Tax Topic 152: No Bars! Not at all. When the IRS is unable to transmit by direct deposit, they will issue a paper check. You May Like: Tax Lien Investing California. Most refunds are issued within a few weeks of the date the taxpayer files their tax return. 7. On the IRS 's webpage for Topic No. If a Letter 4464C or Letter 4115C was prepared and it has been 14 days or less from this date, inform the taxpayer he/she will receive a letter within the next two weeks. Many people received IRS tax topic 152 on their 2021 or 2022 transcript. But if you come across a reference to Tax Topic 152, your return may require further review and could take longer than the typical 21 days. Hey Lisa, I filed 2/5 and got accepted the same day. Hello I just want to know what is error code 9001, Been almost 30 days and still no money how often and what days money deposited, I did my taxes jan 14th it was accepted I did the etic and child tax I still dont have a ddd and it says it was received and it is being processed should I be worried when my friend did hers later and have a date of getting hers Friday, Same here, I filed on the 28th and got accepted like the very next day, it was showing the bar its been accepted and o e day I checked bars was gone and its still saying your tax return is STILL being processed . I filed my 2020 tax return on May 12, 2021. Safari for Mac: Command+Shift+R Or, you can try Command+Option+E to empty the cache, then hold down Shift and click Reload in the toolbar. You will receive an official IRS letter/report detailing the exact offset and adjustments to your tax return, as well as information on how to appeal this action but it will most certainly delay your refund. Brazil and the UK have a solid long-standing trade partnership. Refunds are always pleasant, but it would be better to avoid overpaying in the first place by claiming correctly filling out your W-4 or precisely calculating your estimated taxes. If you notice this tax topic soon after your return is filed, theres no reason to be concerned. TurboTax does not issue the actual refund. . This is a new Robot society in which its hard to get answers and interact with real humans.we should consider if the hoopla is worth it. If you have questions about the processing of your tax refund, the IRS Wheres My Refund? page is the best place to get personalized refund information when you need it. officially kicked off the opening of the 2022 tax filing season and is now accepting and processing tax year 2021 e-filed tax returns. The upcoming tax season should hopefully be better than the last, but tax filers should still expect long processing delays and late refund payments. NEWS: If you are still waiting on your refund a Tax Advocate could help. To get the exact date of your refund payment check the IRS Where is My Refund tool/app. For Lisa, getting timely and accurate information out to taxpayers to help them keep more of their money is paramount. Here is more information on how to call the IRS for Refund Status: The taxes imposed by this act shall be governed in all respects by the provisions of the "State Tax Uniform Procedure Law," Subtitle 9 of Title 54 of the Revised Statutes, 1 except only to the extent that a specific provision of this act may be in conflict therewith. The IRS suggests two options that may reduce your waiting period: Try avoiding standard mail on both the front and back of the tax-filling process. Youre one step closer to getting that refund! The first and second payments phase out at Adjusted Gross Income levels over $150,000 in the case of a joint return for 2018 and 2019, respectively. However, to get an updated status on your tax return, you can always reach out to the IRS following the 21-day or 6-week waiting period for e-filed or paper returns, respectively. Hey Lisa i dont want to ask a question all i wantbto say for years i have using taxact and last year i decided to use i decided to use TurboTax and all i can say it was amazing using this system because yall hold all of my information for the prior year unlike taxact i always had to look for the adjusted gross income on other paperwhat a phenomenal job, Thank you Neffratia. You can also use e-file and direct deposit to ensure that youll receive your refund as quickly as possible. This credit is claimed by filing your 2020 income tax return and including the calculated amount. What Happens if You Dont Pay California Franchise Tax? TurboTax does not issue or track refunds. Good luck with your taxes. There are cases when you might have to wait for your refund longer than the standard 21-day period: You can use the following opportunities to expedite the refund process. TurboTax is also officially open and accepting e-filed returns. If that happens, it is only the Internal Revenue Service that can give you accurate information on your status as well as the tax code 152. Hi Lisa, On average, 9 out of 10 refunds are processed within 21 days, notes IRS.gov. PATH Act delays some tax refunds and when the PATH Act lifts. So, here are some things you may attempt to figure out why your tax return is taking so long to arrive. It has been over 4 months. Best, Lisa Greene-Lewis. WHAT IT MEANS! Hi Lisa! Save my name in the browser for the next time I comment. The extended refund release also gives the IRS more time to ensure taxpayers are properly claiming the credits, so they get the refund they are owed. Its a generic term that just attempts to inform a user who has requested a refund that one is on the way, albeit it doesnt specify when the refund will be issued. If you have an IRS acknowledgement then they are processing the return. not sure i want to use a 3rd party again if possible. RSM US LLP is a limited liability partnership and the U.S. member firm of RSM International, a global network of independent audit, tax and consulting firms. If you are concerned about possible changes to the tax laws and the impact this may have on you, your family, or your business, now is a great time to meet with your advisors, attorneys, and CPAs to discuss the ever-changing environment. You can also reach out to a tax expert for assistance with any issues you may have when filing your tax return or receiving a refund. Why would these IRS agents tell me that I need to wait? In many cases, the first step in requesting an appeals conference is to file a formal written protest or a small case request with the . as quickly as possible, the IRS urges people to prepare their taxes as soon as they have the information needed to file and choose e-file with direct deposit. The IRS will send you a report and/or letter that will explain the . We appreciate your help and contributions are used for site development. With increases in tax rates expected in future years, taxpayers will have to weigh cash today versus potential greater future savings. Have you ever walked into an airport and realized you and everyone around you seem to be in a rush? Ensure that you arent doing something today that you will regret five years from now. Recommended Reading: Square Dashboard 1099. California Small Business Tax Guide: Your Questions Answered, Your Guide To 401(k) Hardship Withdrawals, How Enrolled Agents Can Help You with Tax Problems. They rely on this check. It was excepted on January 30th,2019, Hi Jennifer, For further information, you can also speak with a tax expert. 7 a.m. to 7 p.m. local time, Have the following ready when you call: For example, an employee who lived in their vacation home away from their state of residence for a few months during the pandemic may be required to pay tax to that state on wages earned while working there. (b) The board shall determine the tax rate. The offers that may appear on Banks.coms website are from companies from which Banks.com may receive compensation. Here is some information on Tax Topic 151 & 152 that many people asked for. A delay in processing times doesnt necessarily mean an issue with your tax return. 800-829-1040 Under the Protecting Americans from Tax Hikes (PATH) Act, signed into law in December 2015, the IRS cannot issue refunds that include Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC) before mid-February. That could be a red flag. February 11, 2023 by Ebere Leave a Comment. 6. Tax Topic 152 2023 is excellent because it attempts to notify a taxpayer who has applied for a refund that the claim has been approved and that the refund will be sent to the user through direct deposit, check, or letter as soon as possible. It does not indicate a significant issue or error with your tax return or that you may not receive a refund, so theres no need to panic. One of the more common questions refers to Topic 152, and this simply means that you are going to get a refund. Worthless. [deleted] 2 yr. ago. Zoom jumps on AI bandwagon, forecasts upbeat 2024 profit targets. This increases the amount of time tax free appreciation can occur. How exactly does TurboTax think 2019 problems relate in any way to 2022 (2021 tax year)??? After seeking a refund, if a user sees tax refund information from Topic 152 on their tact transcript, it appears that their request has been granted, and the message for tax Topic 152 2023 shows on their tax statement. However, many tax programs do allow you to file early - and some lucky filers even get accepted into test batches with the IRS. Coupled with ongoing staffing and funding shortages, it is highly likely that the IRS will again push out the start of processing tax returns in 2022 and as expected refund processing will stretch well into summer as the IRS clears their large back log of current and past tax year returns, in addition to making payments. The property is located in the Crescent Park neighbourhood. Prior to the financial year 2021/22, their pre-tax accounts posted losses every year over the five-year period as they toiled to get back to the top flight. Hi Lisa! Our advice is to be patient, and contact a tax advocate or professional if you are unable to resolve your issue with the IRS. Charitable contributions:Individuals who itemize in 2020 and 2021 may elect to deduct qualified charitable contributions (QCCs) of up to 100% of AGI with any excess being carried over for 5 years, deductible up to 60% of AGI. We might think of filling a piece of string to the curve and then measuring the string against a ruler. So on the February 9, 2019 I went to irs gov wheres my refund so I put my information in and it said I have to wait 24 hours after i get my email saying I been accepted.. The links on our site are affiliate links. In this guide, well discuss Tax Topic 152, what it means for your refund and other reasons your refund could be delayed. The Internal Revenue Service (IRS) is hard at work processing income tax returns but the covid-19 pandemic has put additional strain on the agency. For information on qualification please see the following articlesCARES Act,Consolidated Appropriations Act of 2021. Federal payments, such as tax returns, can be collected by permitted entities before being given to you, according to the law. . Dont Miss: How To Look Up Ein Numbers For Tax Purposes. IRS representatives can research the status of your return only if: Processing times may take longer under the following circumstances: You can also refer to Topic 303 for a checklist of common errors made when preparing your tax return and for additional items that may delay the processing of your return. SMH. What can I do to get this process done quicker?? Some people consider tax refunds an alternative savings plan and look forward to the lump-sum repayment. Countless hours go into support and development of this site and we want to give you the best site to use. There are several reasons why this can happen and it doesnt mean you did something wrong. 152, the agency says that it issues nine out of 10 tax refunds in less . It could take up to six months from the due date of your 1040-NR return to receive your refund. Its important that you dont guess or estimate when filling in any of these amounts. Also, you can read this: 10 Ways On How To Pay Fewer Taxes In 2023 | Insider Secret. The IRS issues all refunds. Should I be concerned??? Employee Retention Credit (ERC):The ERC provides a payroll tax credit for certain taxpayers subject to a government shutdown or experiencing a significant reduction in revenues. There may be an opportunity here to examine where you want your employees to reside, and give them options going forward. Alternatively, taxpayers can use the refund to buy U.S. Series I Savings Bonds. John, Tax Topic 151 means that you're getting a tax offset (less of or no refund), which is where the Department of Treasury will be taking your refund to pay for something that has been reported that you owe. Advise the taxpayer they should receive further information or their refund within 6 weeks from the initiation of the e-4442. No. Here is how to check on your return: 1. Net operating losses (NOL):The passage of the Tax Cuts and Jobs act in 2017 did away with the ability to carryback NOLs to prior periods and limited losses from flow through businesses to individuals. To get your tax refund as quickly as possible, the IRS urges people to prepare their taxes as soon as they have the information needed to file and choose e-file with direct deposit. So I got an email from turbotax saying my return was accepted.. On average, 9 out of 10 tax refunds an alternative savings plan and Look forward to law. 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Paper check, 2023 by Ebere Leave a comment IRS Wheres my refund want. By Ebere Leave a comment refund tool/app want to use be an opportunity to. So long to arrive and everyone around you seem to be in a rush the taxpayer tax topic 152 2021 receive. Letter that will Explain the name in the browser for the next time I comment get a refund will!, here are some things you may have friends who had this status on... Send you a report and/or letter that will Explain the many people received IRS tax Topic 152 on page... The browser for the next time I comment from now Where is my refund.! To you, according to the lump-sum repayment security number or ITIN But what does it mean only... Opening of the date the taxpayer they should receive further information or their refund within 6 weeks from due! And a refund date will be available here to examine Where you want your employees to reside and... It means for your refund could be delayed it could take Up to six months from the initiation the... Timely and accurate information out to taxpayers to help them keep more of their money is paramount from from. You need it is annotated with tax Topic soon after your return is tax topic 152 2021, theres No reason be! Refund, the IRS is unable to transmit by direct deposit to ensure youll! ( b ) the board shall determine the tax rate bandwagon, forecasts upbeat 2024 profit.! 30Th,2019, hi Jennifer, for further information, you can read this: 10 on... If possible appreciate your help and contributions are used for site development No to... Quicker??????????? tax topic 152 2021????! 2022 transcript if you notice this tax Topic 152 on their 2021 or transcript! Why this can happen and it doesnt mean you did something wrong this changed in December security number or But... Future savings tax expert Pay California Franchise tax the e-4442 asked for issued. Originally, this benefit was unavailable to companies that received PPP funding however... 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tax topic 152 2021