Alfonso Schessler, CPA

The IRS started the 2022 tax season already significantly behind. Over 15 million returns and 5 million pieces of taxpayer correspondence from 2021 sit untouched – including 6 million original 1040s. Expect delays...

Taxpayers should expect serious delays from the IRS this year – a tax scholar offers tips but says only Congress can fix the underlying problem The IRS has yet to finish millions of returns from the 2021 tax season. That doesn’t bode well for 2022.

https://www.irs.gov/newsroom/irs-begins-2022-tax-season-urges-extra-caution-for-taxpayers-to-file-accurate-tax-returns-electronically-to-speed-refunds-avoid-delays

IRS begins 2022 tax season; urges extra caution for taxpayers to file accurate tax returns electronically to speed refunds, avoid delays | Internal Revenue Service IR-2022-18, January 24, 2022 — The Internal Revenue Service today kicked off the 2022 tax filing season with an urgent reminder to taxpayers to take extra precautions this year to file an accurate tax return electronically to help speed refunds.

Tax day is Jan. 24: How long will it take to get refund from IRS?

The Internal Revenue Service is warning taxpayers may face a “frustrating” season due to challenges created by the coronavirus pandemic.

This year’s tax filing season will begin on Monday, Jan. 24, roughly two weeks earlier than last year. Returns - or requests for extensions with payment – are due Monday, April 18.

IRS Commissioner Chuck Rettig said the coronavirus pandemic continues to impact services.

Overall, the IRS anticipates most taxpayers will receive their refunds within 21 days of then they file electronically if they choose direct deposit and there are no issues with their tax return. Filing a paper return will result in delays.

Another source of a possible delay is refunds that claim the Earned Income Tax Credit or Additional Child Tax Credit. A federal law designed to limit identity theft prevents the IRS from issuing those refunds before mid-February, even if they were filed on Jan. 24.

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Fellow Texans, on February 22, 2021, the IRS announced victims of winter storms that began February 11, 2021 now have until June 15, 2021, to file various individual and business tax returns and make tax payments. Contact me for more info or see the link below.

IRS announces tax relief for Texas severe winter storm victims | Internal Revenue Service TX-2021-02, February 22, 2021 — Victims of winter storms that began February 11, 2021 now have until June 15, 2021, to file various individual and business tax returns and make tax payments, the IRS announced today.

Your Tax Return is Still Being Processed - Refund Date will be provided when available? ⋆ RefundTalk.com If your tax return status is "Still Being Processed" your tax return could be essentially on hold until the IRS corrects any issues and/or gets the additional information from you to continue processing your return.

Today is the IRS official opening day of the 2021 individual income tax season! Friday, February 12, 2021!
The due date to file and pay 2020 individual income tax returns is Thursday, April 15, 2021. Reach out to us to file you taxes ASAP!

2020 has been a crazy year, see the link for some important reminders. To summarize:

Unemployment:

Probably one of the biggest changes many taxpayers will have to deal with on their taxes, likely for the first time. Many local and State Departments have already begun sending out 1099-G forms. The form shows a record of how much money you got, which needs to be reported to the IRS.

Home Office Deduction:

Working from home? The law changed a couple of years ago and the deduction for employees no longer exist! If you are a contractor (1099), options do exist.

Stimulus Checks:

Your first payment should have been followed by a letter with form 1044 from the official government which, similarly to the 1099-G, explains the benefit and how much you received. If you did not get a second stimulus payment but should be eligible, you may have to request it on your taxes, by claiming the Recovery Rebate Credit.

Delayed Timeline:

Like I mentioned in a previous post, the IRS has already announced filing season will start on February 12th delaying refunds as well...

https://refundtalk.com/tax-season-is-coming-with-plenty-of-changes-thanks-to-covid-19s-economic-impact/?fbclid=IwAR261PoSQcgSvgR-InFKKzrqhOdZv-0IRfNrlo1SJ-smu7Y-JDahbfwjHc8

Tax season is coming with plenty of changes thanks to COVID-19's economic impact ⋆ RefundTalk.com Your taxes might be a rollercoaster you'll have to tackle this year, thanks to COVID-19's economic impact on 2020. If you lost a job, turned to gig work, or even got unemployment benefits, you may have to navigate landmines you're not used to.

FYI for 1099 reporters!

Correction to the zip code in the Austin Submission Processing Center mailing address | Internal Revenue Service If you are submitting paper Forms 1096 to the Austin Submission Processing Center, use the following address.

I can't stress this enough. The IRS will not call or email you. Beware!!!

W-2 Scam Find out how identity thieves are using email to impersonate your company’s executives to steal your workers’ W-2 forms. For more information, go to https:/...

2021 Tax Filing Season Will Start on Feb. 12, 2021

The Feb. 12 start date for individual tax return filers allows the IRS time to do additional programming and testing of IRS systems following the Dec. 27 tax law changes. These changes ensure that eligible people will receive any remaining stimulus money as a Recovery Rebate Credit when they file their 2020 tax return.

To speed refunds during the pandemic, the IRS urges taxpayers to file electronically with direct deposit as soon as they have the information they need. People can begin filing their tax returns immediately, however, the IRS will not begin processing until Feb. 12.

Also note, under the PATH Act, the IRS cannot issue a refund involving the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC) before mid-February. The law provides additional time to help the IRS stop fraudulent refunds. The IRS anticipates a first week of March refund for many EITC and ACTC taxpayers if they file electronically with direct deposit.